Core Viewpoint - AIWB INC. has submitted an application for an IPO on the Hong Kong Stock Exchange, aiming to raise funds to expand its business in Southeast Asia, with a focus on the smart property construction sector [1][13]. Company Background - AIWB was founded in October 2016 in the United States by co-founders Qiao Tingfu and Li Danting, both of whom have extensive experience in the property construction industry [4][8]. - Qiao Tingfu, the CEO and Chairman, has over 20 years of experience in the property construction sector and previously served as the Executive Vice President of Contemporary Land [4][6]. - Li Danting, the COO and co-founder, has over 10 years of project management experience and has held significant roles in property management [7][8]. Business Model - AIWB is the first one-stop smart property construction solution provider in the United States, focusing on the residential property market in Texas, particularly in major cities like Houston, Dallas, and Austin [10]. - The company offers comprehensive services throughout the construction project lifecycle, including project planning, general contracting, and building materials sales [11]. Financial Performance - AIWB's revenue for the years 2022 to 2024 was approximately $103 million, $121 million, and $105 million, respectively, with a compound annual growth rate of 1.32% [12]. - The company achieved a net profit of approximately $620,400 in 2023, marking a turnaround from previous losses [12]. - The gross profit margin has shown a steady increase, reaching 16.8% in 2024 [12]. IPO Purpose and Future Plans - The funds raised from the IPO will be used to enhance the smart building platform's R&D capabilities, expand the sales team, and penetrate existing markets more deeply [13]. - AIWB plans to establish new offices in cities such as San Antonio, Phoenix, Orlando, Vancouver, Toronto, Singapore, and Jakarta over the next five years [13]. - The company aims to expand its market share in high-growth domestic regions and specific international markets [13]. Market Position - AIWB is recognized as a pioneer in the Texas smart property construction market, leveraging advanced technology to enhance construction processes [10][11].

Core Viewpoint - AIWB INC. is preparing for an IPO on the Hong Kong Stock Exchange to raise funds for expanding its business in Southeast Asia, leveraging its founders' experience in the real estate sector [1][12]. Company Background - AIWB was established in October 2016 in the United States by co-founders Qiao Tingfu and Li Danting, both of whom have extensive backgrounds in the real estate industry [3][7]. - Qiao Tingfu, the CEO and Chairman, has over 20 years of experience in property construction and previously served as Executive Vice President at Contemporary Land [3][4][6]. - Li Danting, the COO, has over 10 years of project management experience and has also held significant roles in Contemporary Land [7]. Business Model and Services - AIWB is the first one-stop smart property construction solution provider in the U.S., focusing on the residential property market in Texas, particularly in major cities like Houston, Dallas, and Austin [9]. - The company offers comprehensive services throughout the construction project lifecycle, including project planning, general contracting, and building materials sales [9][10]. - AIWB utilizes its WBS digital platform to enhance operational efficiency by integrating data analysis and robotic technology into its services [10]. Financial Performance - AIWB's revenue for the years 2022 to 2024 was approximately $103 million, $121 million, and $105 million, respectively, with a compound annual growth rate of 1.32% [10]. - The company achieved a net profit of approximately $6.2 million in 2022 and $12.6 million in 2023, marking a turnaround from previous losses [10]. - Gross margins improved from 5.41% in 2022 to 16.8% in 2024, indicating enhanced operational efficiency [11]. IPO Purpose and Future Plans - The funds raised from the IPO will be used to enhance the smart building platform's R&D capabilities, expand the sales team, and penetrate new markets in the U.S. and internationally [12]. - AIWB plans to establish new offices in cities such as San Antonio, Phoenix, Orlando, Vancouver, Toronto, Singapore, and Jakarta over the next five years [12].

Group 1 - Hong Kong Securities Market will lower the minimum price fluctuation levels starting August 4, aiming to reduce trading costs and enhance efficiency [1] - The minimum price fluctuation for stocks priced between HKD 10 to 20 will decrease from HKD 0.02 to HKD 0.01, and for those priced between HKD 20 to 50, it will drop from HKD 0.05 to HKD 0.02 [1] - This adjustment applies to various securities including stocks, real estate investment trusts, and equity warrants, potentially attracting more capital to the Hong Kong stock market [1] Group 2 - Jiangsu Zhonghui Yuantong Biotechnology Co., Ltd. has passed the listing hearing for the Hong Kong Stock Exchange, with Citic Securities and CMB International as joint sponsors [2] - The company specializes in vaccine production, with its only commercialized product being a quadrivalent influenza virus subunit vaccine, projecting revenues of HKD 52.168 million in 2023 and HKD 260 million in 2024 [2] - Despite the potential in vaccine development, the company has reported continuous losses, with projected losses of HKD 425 million in 2023 and HKD 259 million in 2024, highlighting challenges in achieving profitability [2] Group 3 - Lion Group Holdings announced the establishment of a new flagship division, Synagistics Digital Finance Group, focusing on multi-currency solutions and asset tokenization [3] - The initiative aims to enhance liquidity and programmable settlement through stablecoin interoperability, targeting the Asian market [3] - However, the company faces regulatory uncertainties and challenges in technology implementation, raising questions about balancing innovation with compliance [3] Group 4 - AIWB INC from the United States has submitted its prospectus to the Hong Kong Stock Exchange for a main board listing [4] - The company provides comprehensive smart property building solutions, primarily serving the residential market in Texas, with a growing operational scale [4] - In the first five months of 2025, AIWB has serviced 31 project companies and completed 131 residential units, but its high regional dependency may pose challenges in gaining acceptance from Hong Kong investors [4] Group 5 - The Hang Seng Index closed at 25,562.13, reflecting a 0.68% increase, while the Hang Seng Tech Index decreased by 0.24% to 5,664.02, and the National Enterprises Index rose by 0.29% to 9,177.15 [6]