Grandway Advised Geokon Instruments on IPO Approved by Beijing Stock Exchange

On September 28, 2022, China Geokon Instruments Co., Ltd. (stock code: 830879, “Geokon Instruments”) was approved by Beijing Stock Exchange Listing Committee at its 48th meeting in 2022 for issuing shares to unspecified qualified investors and listing on Beijing Stock Exchange.

Geokon Instruments was founded in 1998, whose main business is R&D, production and sales of intelligent monitoring terminals, as well as providing safety monitoring IoT solutions and services. Geokon Instruments is committed to become a leading international provider of integrated solutions for safety monitoring IoT services, and its independent intellectual property products are widely used in hydropower stations, nuclear power stations, wind farms, oil and gas storage and transportation, water conservancy projects, subways, high-speed railways, bridges, tunnels, ports and terminals, municipal buildings, cultural relics, mines, and geological disasters.

Geokon Instruments intends to issue not exceed 13 million shares and raise RMB 84,554,200, which will be invested in the construction project of intelligent monitoring terminal capacity expansion project and R&D center.