Cyannova Capital, a New York-based U.S. dollar investment management platform, 10th July announced its successful participation in the institutional placement of Jiangxi Qiyunshan Food Co., Ltd. (HKEX: 02797) as the company completed its listing on the Main Board of the Hong Kong Stock Exchange on July 9, 2026.

The investment marks Cyannova Capital's second successful Hong Kong IPO transaction, following its participation in the IPO of DeepZero earlier this year. The transaction further demonstrates the firm's growing capability to source high-quality investment opportunities, leverage its cross-border capital markets network, and execute institutional transactions in Hong Kong's rapidly evolving capital markets.

Qiyunshan Food attracted strong investor interest upon its market debut, with its share price rising as much as 225% intraday. The company was listed at HK$8.00 per share, offering 25 million H Shares globally. The Hong Kong public offering was reportedly oversubscribed by approximately 1,688 times, while the international placing was also oversubscribed, reflecting robust demand from both institutional and retail investors for high-quality consumer companies.

Founded in 1992, Jiangxi Qiyunshan Food is China's leading producer of South Chinese jujube-based food products. According to Frost & Sullivan, the company ranked No. 1 in China's South Chinese Jujube Food Market in 2025, accounting for approximately 29% of total retail sales in the sector. Through continuous product innovation, brand enhancement, and nationwide channel expansion, the company has established a leading position within China's specialty consumer food industry.

Andrew Kramer, Managing Director of Cyannova Capital, commented:

“We are delighted to participate in Qiyunshan Food's Hong Kong IPO. We believe companies with enduring investment value are those that combine market leadership, strong brand recognition, sustainable profitability, and long-term growth potential. Qiyunshan Food has built a highly recognizable consumer brand with a leading position in its niche market, while also benefiting from long-term trends including premium consumption, digital transformation, and international expansion. As Hong Kong continues to strengthen its position as one of the world's leading IPO markets, Cyannova Capital remains committed to identifying exceptional companies capable of creating sustainable long-term value for institutional investors.”

The investment also represents another milestone in Cyannova Capital's growing Hong Kong capital markets portfolio. Earlier this year, the firm successfully participated in the IPO of DeepZero, one of Hong Kong's most closely watched artificial intelligence listings, through a strategic collaboration with Full Vision Capital, the family office associated with the Henderson Land Group ecosystem.

Completing two representative Hong Kong IPO investments within a relatively short period further reinforces Cyannova Capital's investment capabilities, including project sourcing, institutional execution, and cross-border capital coordination. These transactions also strengthen the firm's strategic positioning as a bridge connecting institutional capital across North America, Asia, and the Middle East.

Looking ahead, Cyannova Capital will continue to actively pursue opportunities across IPO, Pre-IPO, and strategic private investments, leveraging its global investment platform and industry network to provide institutional investors and family offices with differentiated, high-quality investment opportunities.

About Cyannova Capital

Cyannova Capital is a New York-based U.S. dollar investment management platform focused on long-term investment opportunities across AI infrastructure, robotics and automation, advanced manufacturing, energy transition, and other high-growth strategic sectors. Through its global network spanning North America, Asia, and the Middle East, the firm partners with portfolio companies to support international expansion, strategic partnerships, and long-term value creation.