The shares are listed on the HKEX

Davis Polk advised the underwriters in connection with Keep Inc.’s initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A / Regulation S. The gross proceeds from the offering were approximately HK$313 million prior to the exercise of the over-allotment option.

Keep is a platform that provides users with a comprehensive fitness solution, with the majority of its revenue generated from the sales of self-branded fitness products. Keep offers extensive and professional fitness content with AI-assisted personalized curriculums, encompassing interactive live-streaming classes and recorded fitness courses, which is complemented by a variety of smart fitness devices, fitness gear, apparel and food.

The Davis Polk corporate team included partners Li He, Jason Xu and Ran Li, counsel Jennifer Ng and registered foreign lawyer Xin (Sheen) Xu. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.

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