On 28 April 2026, Shanghai Xizhi Technology Co., Ltd. (Xizhi Tech, 1879.HK) successfully listed on the Main Board of the Hong Kong Stock Exchange (HKEx), raising a total of approximately HKD 2.53 billion. CBI is honored to participate in the due diligence work for this IPO Project.

Xizhi Tech is primarily engaged in research and development of photon computing and photon networks products, including TIANSHU, Gazelle, PACE, and other products.

In this IPO project, CBI primarily assisted the sponsor team in conducting due diligence on the company group, its directors, senior management, shareholders, customers and suppliers, etc. In addition to the basic information such as litigation, bankruptcy, winding-up and media records, CBI also assisted the sponsor team in conducting reference check, reputation intelligence and related company search. The due diligence project globally covered 11 countries and regions, including China, Hong Kong, Netherlands, the United Kingdom and Ireland, etc.