Royal Treasure Securities Announces Successful Participation in Autozi Internet Technology’s $10 Million Initial Public Offering

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Royal Treasure Securities is pleased to announce its successful role as a selling group member in the initial public offering (IPO) of Autozi Internet Technology (Global) Ltd.” (“AZI” or the “Company”). The IPO consisted of 2,500,000 units of the Company, priced at US$4 per Unit, resulting in gross proceeds of approximately US$10 million.

Autozi Internet Technology (Global) Ltd. is one of the leading and fast-growing lifecycle automotive service providers in China. Autozi, founded in 2010, provides high-quality, affordable and professional one-stop automotive products and services through online and offline channels nationwide. Its business segments include (i) new car sales, (ii) auto parts and auto accessories sales, and (iii) automotive insurance related services. Leveraging its online supply chain cloud platform, SaaS platforms, and the network of multiple-brand-service (MBS) stores, it has established an ecosystem of lifecycle automotive services by connecting automotive manufacturers, auto parts manufactures, and insurance companies with MBS stores and various automotive owners.

Autozi Internet Technology (Global) Ltd began trading on the Nasdaq under the symbol “AZI” on August 28, 2024.Kingswood Capital Partners, LLC served as the sole book-running manager for the offering, with Royal Treasure Securities LLC acting as the selling group member.

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