The scene of the dangerous dragon head and white dove online (02672) will start today to issue shares, planning to globally issue 33.344 million H shares, and is expected to be listed on June 29th.

White Dove Online (02672) will be listed from June 18, 2026 to June 24, 2026. The company plans to globally offer 33.344 million H-shares, with 10% for public offering in Hong Kong (subject to reallocation) and 90% for international offering (subject to reallocation), with an additional 15% over-allotment option. The offer price per share is set at 15.6-20.28 Hong Kong dollars, with a trading unit of 200 H-shares per lot. It is expected that trading of the H-shares will begin on June 29, 2026 (Monday) at 9:00 a.m. on the Stock Exchange of Hong Kong. Furthermore, the company has entered into cornerstone investment agreements with GLY New Mobility 2. LP and Mr. Ke Jiaqi, with the cornerstone investors agreeing to subscribe to approximately HK$20 million in share placements. Assuming the offer price is set at HK$17.94 per share and the over-allotment option is not exercised, the net proceeds from the global offering will be approximately HK$541 million. Around 44.4% will be used for research and development, recruitment and retention of related R&D talents, and infrastructure improvement; approximately 20.0% will be used for seeking acquisitions and investment opportunities in target companies in the same industry or upstream and/or downstream ecological partners, to further accelerate business development and strengthen competitiveness; about 15.6% will be used to expand sales networks in China and overseas; around 10.0%, along with approximately HK$83.8 million in existing funds, will be used to establish a research and development center and an office building with an intelligent showroom; and about 10.0% will be allocated for general operating expenses and general corporate purposes to support daily business operations and growth. The company is a InsurTech company, primarily engaged in providing technology-empowered insurance intermediary services for scenario partners and insurance companies. The company mainly utilizes scenario insurance as a tool to generate revenue through insurance transaction services, precision marketing and digital solutions, as well as third-party administration services (TPA services). Under the company's insurance transaction services business division, the core business involves distributing scenario insurance products to end insured persons. Based on total premium income in 2025, the company ranked twelfth in China's internet insurance intermediaries, fifth in China's scenario internet insurance intermediaries, and first in China's third-party scenario internet insurance intermediaries, with a market share of 3.1%. In terms of financial data, from 2023 to 2025, the company achieved revenues of approximately RMB660 million, RMB914 million, and RMB1.227 billion, with gross profits of RMB52.05 million, RMB83.217 million, and RMB103 million respectively, and losses of RMB17.18 million, RMB27.712 million, and RMB46.669 million, respectively. The losses were mainly due to increased expenses related to listing, sales and distribution, and research and development, partially offset by the overall increase in gross profit.