Group 1 - Drip Irrigation International Investment Company, founded by former HKEX CEO Li Xiaojia, has submitted an application to the Hong Kong Stock Exchange for a main board listing, aiming for 2023 [1] - The company is in its 3.0 development stage, focusing on creating a "converter" to transform non-standardized financing opportunities in the real economy into standardized products familiar to the financial system, thereby attracting capital inflow [1] - Drip Irrigation has raised a total of $570 million through three rounds of financing, with a latest valuation of $1.7 billion [1] Group 2 - Drip Irrigation (Macau) Financial Asset Exchange (MCEX) is the world's first licensed revenue-sharing exchange, providing financial asset trading services aimed at digitally connecting international capital to global small and micro enterprises [2] - The innovative revenue-sharing model allows small and micro enterprises to list on MCEX, enabling them to raise flexible and affordable funding [2] - The exchange operates as a fully digital market, requiring listed companies to distribute nearly all income as dividends with a minimum monthly dividend frequency, ensuring investor protection through high-frequency dividends and precise disclosures [2]

Core Viewpoint - Drip Irrigation International Investment Limited has submitted a listing application to the Hong Kong Stock Exchange, aiming to connect global capital with small and micro enterprises through financial technology [1] Group 1: Company Overview - Drip Irrigation Group operates a trading platform that allows small businesses to list on the Macau Financial Assets Exchange (MCEX) to raise affordable long-term funds through an innovative revenue-sharing model [1][5] - The MCEX is the world's first licensed revenue-sharing exchange, providing financial asset trading services and connecting international capital with global small and micro enterprises in a digital manner [5] Group 2: Investment Opportunities - The company has introduced Revenue Based Obligations (RBOs), which offer investors direct and diversified investment opportunities by tapping into daily cash flows from the active consumer economy [5] - The exchange facilitates liquidity and investment in small enterprises for global professional investors, providing a new option for impact investing [5] Group 3: Operational Insights - The new system of the MCEX has been operational for nearly a year and is designed as a digital platform rather than traditional corporate or fund structures, aiming to lower costs and simplify market structures for small and micro enterprises [5] - Companies listed on the exchange are required to distribute nearly all their income as dividends, with a minimum monthly dividend frequency to ensure investor protection [5]