At 9:25 AM on November 12, 2020, DNAKE (Xiamen) Intelligent Technology Co., Ltd. officially made its mark on the Growth Enterprise Market by completing its initial public offering (IPO) on the Shenzhen Stock Exchange.
With this key event, DNAKE transitions into the public arena, an occasion celebrated by the company's management and directors at the exchange.
Milestone Listing and Stock Surge
The ceremonial signing of a Securities Listing Agreement between DNAKE and the Shenzhen Stock Exchange was followed by the iconic ringing of the bell. This signaled DNAKE's public debut.
The company introduced 30,000,000 new shares at an initial price of RMB24.87 per share. By the closing bell of the trading day, DNAKE shares surged remarkably, ending at RMB76.60, reflecting a 208% increase.
Congratulatory Remarks from Government Officials
During the ceremony, Mr. Su Liangwen, Executive Deputy District Mayor of Xiamen City and member of the Haicang District Committee's Standing Committee, extended his congratulations on behalf of the local government.
"The successful listing of DNAKE is also a happy event for the development of Xiamen's capital market," he remarked. Mr. Su encouraged DNAKE to enhance its business and brand, while assuring governmental support through superior services to the business sector.
Words from DNAKE's President
DNAKE's President, Mr. Miao Guodong, expressed gratitude for the collective effort leading to the company's public listing.
"We are grateful to our times. DNAKE’s listing is also inseparable from the strong support of pioneers at all levels, the hard work of all employees, and the great help of friends from different communities," he stated.
Highlighting this new phase as a milestone, he added, "In the future, the company will keep a sustainable, stable and healthy development with capital strength to repay the shareholders, customers, and society."
Commitment to Smart Security Technology
Since DNAKE's founding in 2005, the company has adhered to its mission to "Lead Smart Life Concept, Create A Better Life." Specializing in smart security solutions, DNAKE offers products such as building intercoms, smart homes, and other smart devices.
The company emphasizes technological advancements and enhanced product functionality to serve smart communities, featuring smart parking, fresh air systems, and intelligent door locks.
A New Chapter in Shenzhen's Development
The listing coincides with the 40th anniversary of the Shenzhen Special Economic Zone, a milestone that highlights the city's global prominence.
For DNAKE employees, this historic backdrop signifies fresh goals and responsibilities, inspiring new avenues of growth.
With the ring of a bell, Dnake (Xiamen) Intelligent Technology Co., Ltd. (hereinafter called “DNAKE”) has successfully completed its initial public offering (IPO) of stock, marking that the Company formally goes public on the Growth Enterprise Market of the Shenzhen Stock Exchange at 9:25 AM on November 12th, 2020.
DNAKE’s management and directors gathered together in Shenzhen Stock Exchange to witness the historical moment of DNAKE’s successful listing.
DNAKE stock rose
In the ceremony, the Shenzhen Stock Exchange and DNAKE signed a Securities Listing Agreement
In the ceremony, the Shenzhen Stock Exchange and DNAKE signed a Securities Listing Agreement. Subsequently, the bell rang, marking that the company goes public on Growth Enterprise Market.
DNAKE issues 30,000,000 new shares this time with an issuing price of RMB24.87 Yuan/share. By the closing of the day, DNAKE stock rose by 208.00% and closed at RMB76.60.
Speech by government pioneer
Mr. Su Liangwen, a member of the Standing Committee of the Haicang District Committee and Executive Deputy District Mayor of Xiamen City, delivered a speech in the ceremony, expressing warm congratulations on the successful listing of DNAKE on behalf of the Haicang District Government of Xiamen City.
Mr. Su Liangwen said: "The successful listing of DNAKE is also a happy event for the development of Xiamen's capital market. Hope DNAKE will deepen its main business and improve its internal skills, and continue to enhance its corporate brand image and industry influence." He pointed out that the Haicang District Government also will do its best to provide enterprises with more high-quality and efficient services.
Speech by DNAKE president
After the representatives of the Standing Committee of the Haicang District Committee andGuosen Securities co., Ltd. delivered speeches, Mr.Miao Guodong, DNAKE’s president, also indicated that: “We are grateful to our times. DNAKE’s listing is also inseparable from the strong support of pioneers at all levels, the hard work of all employees, and the great help of friends from different communities."
"Listing is an important milestone in the company's development process, and also a new starting point for the company's development. In the future, the company will keep a sustainable, stable and healthy development with capital strength to repay the shareholders, customers, and society.”
Smart security devices of smart community
DNAKE has always taken "Lead Smart Life Concept, Create A Better Life" as a corporate mission
Since its establishment in 2005, DNAKE has always taken "Lead Smart Life Concept, Create A Better Life" as a corporate mission, and is committed to creating a "safe, comfortable, healthy and convenient" smart living environment. The company is mainly engaged in building intercom, smart homes, and other smart security devices of smart community.
Through continuous technological innovation, product function optimization, and industrial structure upgrading, the products cover building intercoms, smart homes, smart parking, fresh air ventilation systems, smart door locks, industry intercom, and other related application fields of the smart community.
New chapter in DNAKE employees
2020 is also the 40th anniversary of the establishment of the Shenzhen Special Economic Zone. 40-year development has made this city a model city that is world-renowned. Opening a new chapter in this great city reminds all DNAKE employees that:
- New starting point indicates new goal,
- New journey shows new responsibilities,
- New momentum fosters new growth.
