On 24 November, the application filed by Shanghai Kaytune Industry Co., Ltd. (“Kaytune”) for its initial public offering on the GEM was passed and approved by the GEM Listing Committee of Shenzhen Stock Exchange on its 50th meeting of the year 2020.

Established in 2008, Kaytune has been mainly engaging in providing full channels, full contact e-commerce services and customer relationship management services for domestic and foreign well-known brands. The company facilitates the development of clients, and grows with clients under the close partnership.

Grandall Shanghai has been retained as the legal counsel for the project, with Mr. LI Qiang (managing partner and director of Grandall Shanghai), Mr. XU Chen, Ms. XU Ruyu, Ms. ZHENG Yijun and Mr. GE Tao as key lawyers servicing the case.