On 15 November 2024, Deloitte China supported Jiangsu Guofu Hydrogen Energy Equipment Co. in its groundbreaking IPO on the Stock Exchange of Hong Kong (SEHK). Guofu Hydrogen, a Chinese manufacturer of hydrogen energy storage and transport equipment, issued approximately 6 million shares at HKD 65 each, raising around HKD 390 million. This marked a significant milestone as the first IPO for a hydrogen energy equipment manufacturer in Hong Kong. Guofu Hydrogen focuses on developing and manufacturing hydrogen energy core equipment used in various stages of the hydrogen energy value chain, including production, storage, transportation, refueling, and utilization. The company is dedicated to research & development, innovation, and the localization of China's hydrogen energy industry, offering integrated solutions for R&D, production, sales, and services. Deloitte China, as a core service institution, played a pivotal role in providing professional services for Guofu Hydrogen's IPO. The engagement team demonstrated diligence and excellence, leveraging industry experience to facilitate a smooth filing process and collaboration with other professional parties, culminating in the successful listing on SEHK. Deloitte China congratulated Guofu Hydrogen on its achievement and pledged to continue delivering high-quality professional services to support clients in navigating today's competitive business landscape.