Keytop Parking INC Launches IPO Patrons Acts as Joint Lead Manager and Capital Market Intermediary

KEYTOP PARKING INC. (hereinafter referred to as "KEYTOP"), with stock code 2272.HK, officially launched its initial public offering  from June 17, 2026 to June 23, 2026. The Patrons Financial Holdings team serves as the Joint Lead Manager and Capital Market Intermediary for this IPO project.

According to Patrons, this IPO plans to globally offer approximately 10,112,280 H shares at an offer price of HK$39.55 per share, with total expected gross proceeds approaching HK$400 million. The Company is scheduled to list and commence trading on the Main Board of The Stock Exchange of Hong Kong Limited on June 26, 2026.

According to the prospectus, KEYTOP was established in 2006 and has consistently focused on the smart parking space operation sector. The Company is dedicated to connecting the three core elements of urban parking (people, vehicles, and parking lots) to drive urban parking transformation. Its core market competencies include:

• Full Value Chain Business Portfolio: It has established a comprehensive business portfolio covering digitalized parking systems, digitalized parking management services, and parking lot operations.

• Diversified Core Products:
• Smart hardware including high-speed license plate recognition cameras and parking barriers.
• Its proprietary “YongCe Pro”digitalized parking operation system.

• Multi-Dimensional Platform Operations: Simultaneous operations of “Keytop Parking”, a mobile digitalized parking platform, as well as an online parking space rental platform.

• Extensive Vertical Service Scenarios: Its services cover multiple vertical scenarios including large commercial complexes, residential communities, public facilities, and tourist attractions.

• Industry-Leading Market Position: According to the CIC Report, KEYTOP ranked second in China's smart parking space operation industry based on relevant revenue in 2024.

In terms of financial performance, the Company has demonstrated robust growth momentum:

• Continuous Revenue Growth: The Company's revenue increased by 8.3% from RMB738.0 million in 2023 to RMB799.5 million in 2024, and further grew to RMB830.6 million in 2025.

• Stable Net Profit: The net profits for 2023, 2024, and 2025 recorded at RMB87.0 million, RMB86.7 million, and RMB93.7 million, respectively.

• Core Engine Acceleration: Operating as the core growth engine, revenue generated from parking lot operations increased from RMB96.9 million in 2023 to RMB124.2 million in 2024, and achieved a significant growth of 40.9% to RMB175.1 million in 2025.

Throughout KEYTOP's listing process in Hong Kong, the Patrons team has been deeply involved as a Joint Lead Manager and Capital Market Intermediary. Leveraging sophisticated capital market service experience and an extensive resource network, Patrons has precisely assisted the Company in conveying its core values, providing critical support for this smart parking space operation enterprise to successfully debut on the international capital stage.