IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	Data is not available	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	Data is not available	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	Data is not available	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

Data is not available

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

Data is not available

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

Data is not available

2024/12/30

Summary

We are a construction materials provider with state-owned background located in Huaibei City, Anhui Province. Despite our Company is wholly-owned by Huaibei Construction Investment, a wholly state-owned company held by Huaibei SASAC, before Listing, the three subsidiaries of our Company are not wholly-owned by us, namely (i) Tongming Mining, which is primarily engaged in mining and processing of aggregate products and owned as to 67% by our Company and 33% by Leiming Blasting. As such, we only own a proportion of the Gaoloushan Mine and the aggregate product business in view of our equity interest of 67% in Tongming Mining; (ii) Liantong Municipal, which is a concrete producer and owned as to 55% by our Company and 45% by Shanghai Hanglong. As such, we only own a proportion of the concrete product business, in view of our equity interest of 55% in Liantong Municipal; and (iii) Tongtai Tongjin, which is primarily engaged in mining and processing of copper and gold and owned as to 55% by our Company and 45% by Zhongjue International. As at the Latest Practicable Date, Tongtai Tongjin has not commenced business. Our major products include (i) aggregate products, which we mine in our Gaoloushan Mine and process at our nearby production facilities located in Lieshan District, Huaibei City; and (ii) concrete products, which we manufacture at our production facilities located in Xiangshan District, Huaibei City. During the Track Record Period, we mainly sold our aggregate products and concrete products to construction companies, building materials companies and wholesalers. According to the CIC Report, (i) our market share in terms of sales volume in construction aggregates in 2021 was approximately 0.02% and 0.29% of the construction aggregates market in China and Anhui Province, respectively; and (ii) we are the third largest construction aggregates producers in the markets of Huaibei City and its surrounding cities including Suzhou City and Bozhou City with the market share of approximately 12.9% in terms of sales volume in 2021. For the three years ended 31 December 2021 and the nine months ended 30 September 2022, our revenue was approximately RMB492.5 million, RMB506.4 million, RMB370.3 million and RMB313.3 million, respectively. Our profits for the same years/periods were approximately RMB168.9 million, RMB182.5 million, RMB98.9 million and RMB77.6 million, respectively. Our Gaoloushan Project (Phase I) commenced commercial production in June 2018. Pursuant to the Phase I Mining Licence, the designated mining area is 0.3330 km2, the permitted elevation is +247 m to +150 m and the permitted annual production volume is 3.5 million tonnes per annum. Our aggregate products are produced by way of conventional open-pit mining and on-site crushing and screening. On 30 June 2021, we obtained the Phase II Mining Licence, which increased the permitted maximum production volume from 3.5 million tonnes per annum to 8 million tonnes per annum. The designated mining area also increased from 0.3330 km2 to 0.8777 km2 pursuant to the Phase II Mining Licence. According to the Independent Technical Report, as at 30 September 2022, the estimated Resources of our Gaoloushan Mine was approximately 184.3 million tonnes, comprising Indicated Resources of approximately 178.9 million tonnes and Inferred Resources of approximately 5.4 million tonnes; and the Probable Reserves of approximately 126.8 million tonnes. Our Gaoloushan Mine does not have any Proven Ore Reserve. The estimated mine life of our Gaoloushan Mine was approximately 18 years based on the Probable Reserves of approximately 126.8 million tonnes and an anticipated annual production up to 8 million tonnes in 2031 upon implementation of our development plan, according to the Independent Technical Report. Our Gaoloushan Mine in essence is a quarry. We plan to gradually increase our annual production volume from 3.5 million tonnes to ultimately 8 million tonnes in 2031 with a view to meeting the increasing demand of aggregate products from our existing customers and potential customers who are expected to benefit from the economic development in Huaibei City and surrounding cities, including Suzhou City and Bozhou City. To achieve such production volume, we plan to increase our extraction capacity as well as build a new production plant. Source: Huaibei GreenGold Co (02450) Prospectus (IPO Date : 2022/12/30)
Listing Market	MAIN
Industry	Construction Materials
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Huaibei Construction Investment (Total share: 75.00%) Chu David (Total share: 1.39%); (H share: 5.55%)
Directors	Liu Yong (Chairman and Executive Director) Qin Jiapeng (Executive Director) Lu Junzhe (Executive Director) Zhao Song (Executive Director) Zhang Zhengguang (Executive Director) Gao Wei (Independent Non-Executive Director) Liu Chaotian (Independent Non-Executive Director) Xing Mengwei (Independent Non-Executive Director)
Company Secretary	Li Kin Wai Lu Junzhe
Principal Bankers	Industrial And Commercial Bank of China
Solicitors	Beijing Deheng Law Office DeHeng Law Offices
Auditors	Cheng & Cheng Limited
Registered Office	5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.ljgfjt.com
Email Address	1592153431@qq.com
Tel No	(86 561) 3110-109
Fax No

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