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JT&N Assisted Yiyi Hygiene (001206), the “No. 1 Stock for Pet Supplies” in the A-Share Market, to Be Listed on the Main Board of the Shenzhen Stock Exchange

2021-05-19/ RECENT DEALS/

On May 18, 2021, Tianjin Yiyi Hygiene Products Co., Ltd.(“Yiyi Hygiene, 001206), with JT&N serving as its attorney, successfully landed on the A-share capital market and was listed on the main board of the Shenzhen Stock Exchange, which is the No.1 stock for pet supplies in the A-share market. A total of 23,583,400 shares are offered by Yiyi Hygiene in this offering at a price of CNY 44.60 per share, with the total amount of the funds raised being approximately CNY 1.05 billion. This project was led by JT&N senior partners Ketong SHI and Liuliu ZHOU,  with the members of the legal service team also including Junpu JIA and Wanheng ZHONG.

As an outstanding manufacturer of sanitary care products in the country, Yiyi Hygiene has profound accumulation in the research and development, production and sales of pet sanitary care products and personal sanitary care products after more than 20 years of intensive work in the industry, with its sales areas covering dozens of countries and regions such as the United States and Japan, and its main clients including world-renowned large chain retailers such as PetSmart, Wal-Mart and Amazon, professional pet supply chain stores and their online sales platforms. According to the statistics of China customs, during the period from 2018 to 2020, the export value of the disposable pet sanitary care products of Yiyi Hygiene that focused on pet pads and pet diapers accounted for nearly one-third of the export value of similar products in domestic customs, ranking far ahead of its peers in terms of market share.

JT&N worked closely with other intermediary agencies engaged by Yiyi Hygiene, and participated in a series of tasks, including the private placement of stocks during its listing on the NEEQ, the delisting from the NEEQ, the pre-listing tutoring, submission of applications, and feedbacks and replies.

As the attorney of the issuer in this project, JT&N has provided a full range of professional, systematic and efficient services for Yiyi Hygiene with its solid legal foundation and professional service level to help the successfully listing of Yiyi Hygiene, which has been highly acclaimed and unanimously affirmed by Yiyi Hygiene and other parties involved in the project.

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