China-Based Testing Company TOAO Files Listing Application with Hong Kong Exchange

According to Hong Kong Exchanges and Clearing on June 30, TOAO Testing Group Co., Ltd. submitted its listing application to the Hong Kong Stock Exchange main board, with Dongxing Securities (Hong Kong) as the sole sponsor. According to its prospectus, TOAO Testing is a leading TIC (Testing, Inspection, and Certification) service provider in China with global operations. By revenue, TOAO ranked second among professional inspection institutions in China's oil and gas industry TIC integrated solutions market and fifth overall in 2025, according to Frost & Sullivan.
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