Stevenson, Wong & Co. acted as the Hong Kong legal adviser to US Tiger Securities, Inc. (the “Lead Underwriters”), the lead underwriters of DarkIris Inc. (NASDAQ: DKI) (“DarkIris”) in their successful listing on the Nasdaq Capital Market on 8 August 2025 (the “Nasdaq Listing”). DarkIris offered a total of 1,500,000 Class A Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$6 million.

DarkIris is a comprehensive technology enterprise engaged in the development, publishing and operating of mobile digital games via various third-party digital storefronts. Through its subsidiaries in Hong Kong, DarkIris’s activities include game design, programming, graphics, distribution, and operation of mobile games on various platforms. DarkIris leverages (i) the innovative, creative, and technical expertise of the gaming industry communities in Hong Kong and (ii) the multicultural environment and diverse interests of mobile game players in these regions to create and promote a broader array of engaging, immersive, and captivating mobile game genres for a global audience of gamers.

Our Partners, Hank Lo and Gordon Tsang, and Associate Sam Liu, acted as the Hong Kong legal counsel for the Lead Underwriters in the Nasdaq Listing and provided comprehensive Hong Kong legal services.

Please contact Hank Lo or Gordon Tsang for any enquiries or further information about this transaction.

Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Mega Fortune Company Limited (NASDAQ: MGRT) (“MGRT”) in the successful listing on the Nasdaq Capital Market on 16 July 2025 (the “Nasdaq Listing”). MGRT offered a total of 3,750,000 ordinary shares, priced at US$4.00 per share (the “Offering”). The aggregate gross proceeds from the offering was US$15 million.

MGRT is an Internet of Things (“IoT”) solution provider in Hong Kong. Through its operating subsidiary QBS System Limited (“QBS System”), MGRT has specialized in delivering comprehensive IoT solutions and services across various industries. QBS System’s business service portfolio includes the provision of IoT Integration Solution Services, IoT Maintenance and Support services, Business Process Outsourcing services and trading sales. Through its IoT platform, tools and services, QBS System helps enterprises through their digital transformation, launch IoT initiatives, upscale an existing IoT application or integrate any IoT solution with a legacy system to help them become more innovative, effective and productive. MGRT’s vision is to become the preferred choice for IoT solutions for enterprises and projects in the Asia-Pacific region.

Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, acted as the Hong Kong legal counsel for MGRT in the Nasdaq Listing.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.

Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Dominari Securities LLC and Revere Securities, LLC (the “Joint Underwriters”), the joint underwriters of MasterBeef Group (NASDAQ: MB) (“MasterBeef Group”) in the successful listing on the Nasdaq Capital Market on 10 April 2025 (the “Nasdaq Listing”). MasterBeef Group offered a total of 2,000,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$8 million.

MasterBeef Group is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. MasterBeef Group, through its Hong Kong Operating Subsidiaries, operates 12 restaurant outlets under the Master Beef and Anping Grill brands.

Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, and Associate Mr. Ben Chan and Mr. Peter Hon, acted as the Hong Kong legal counsel for the Joint Underwriters in the Nasdaq Listing and provided comprehensive Hong Kong legal services.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.

Top Win, through its operating subsidiary in Hong Kong, Top Win International Trading Limited, is a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. As a purveyor of fine watches, it sources luxury products directly or indirectly from authorized dealers, distributors, and brand owners, located in Europe, Japan, Singapore, and other locations. These products are sold to customers, including independent watch dealers, watch distributors, and retail buyers within the watch industry.

Our Partners, Hank Lo and Gordon Tsang, together with Associate Gary Kwok, acted as the Hong Kong legal counsel for Top Win in the Nasdaq Listing.

For enquiries or further information about this transaction, please contact Hank Lo or Gordon Tsang.

Nanshan Aluminium International and its subsidiaries (the “Group”) are a leading alumina manufacturer in Southeast Asia, committed to continually strengthening its market position in the region. Since its inception, the Group’s primary focus has been on tapping into Indonesia’s abundant bauxite and coal reserves, utilising these resources to fuel its operations. The Group’s strategic position within the Special Economic Zone amplifies its logistical and economic efficiencies, enables the Group to forge a highly efficient and technologically advanced alumina production base.

The listing of Nanshan Aluminium International constitutes a spin-off of the Group by its controlling shareholder, Shandong Nanshan Aluminium Co., Ltd., the shares of which are listed on the Shanghai Stock Exchange (600219.SH).

Nanshan Aluminium International has four cornerstone investors, Glencore International AG, Hongkong Topway Trading Co., Limited (a subsidiary of Xiamen Xiangyu Co., Ltd. (600057.SH)), Reijong International Industrial Equipment (HK) Limited and PT Indika Energy Tbk (INDY.IDX) which subscribed for a total of around 35.14 million offer shares amounted to approximately HK$934.63 million.

The sole sponsor of the listing was Huatai Financial Holdings (Hong Kong) Limited. The joint global coordinators were Huatai Financial Holdings (Hong Kong) Limited, CMB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Daiwa Capital Markets Hong Kong Limited, DBS Asia Capital Limited, ICBC International Securities Limited, and UOB Kay Hian (Hong Kong) Limited.

Our team was led by our partner Mr. Rodney Teoh, supported by team members including Mr. Davis Lam (senior associate), Ms. Angela Lau (associate), Mr. Austin Kot (associate) and Mr. Jay Lee (legal manager (corporate finance)).

Please contact our Mr. Rodney Teoh for any enquiries or further information.

The placing agents of the offering include Sigma Capital Management Limited, Haitong International Securities Company Limited, China Industrial Securities International Brokerage Limited, Shanxi Securities International Limited, Yuan Tong Global Securities Limited, Danehill Capital Limited, Guotai Junan Securities (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited, Emperor Securities Limited, Industrial Bank Co., Ltd. Hong Kong Branch, Huatai Financial Holdings (Hong Kong) Limited, Target Securities International Limited, CCB International Capital Limited, Donghai International Securities (Hong Kong) Limited, ICBC International Securities Limited, TFI Securities and Futures Limited, Star River Securities Limited, Gentech Capital (Hong Kong) Limited, and SunRiver International Securities Group Limited.

Tai’an Financial Holdings is a core operating entity designated to provide comprehensive financial services within Tai’an City and to implement the Tai’an Municipal Government’s blueprint for enriching and developing the local financial market and economy. The group is mainly engaged in four principal business segments: financial leasing, guarantee service, private capital investment, and supply chain trading.

Our team comprised our partners Hank Lo, Gordon Tsang and Erica Cheng, senior associate Anthony Wong and trainee solicitor Selina Tsang.

Please contact our partners Hank Lo, Gordon Tsang and Erica Cheng for any enquiries or further information about this transaction.