IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
S.F. Holding 06936.HK	Air Freight & Logistics	32.3-36.3	200	N/A	2024/11/22	2024/11/26	2024/11/27
Jiuyuan Gene 02566.HK	Biotechnology - Medical Devices	11.48-12.56	200	N/A	2024/11/25	2024/11/27	2024/11/28
Mokingran 02585.HK	Watch & Jewellery	12-14.4	200	N/A	2024/11/26	2024/11/28	2024/11/29

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

S.F. Holding
06936.HK

Air Freight & Logistics

32.3-36.3

200

N/A

2024/11/22

2024/11/26

2024/11/27

Jiuyuan Gene
02566.HK

Biotechnology - Medical Devices

11.48-12.56

200

N/A

2024/11/25

2024/11/27

2024/11/28

Mokingran
02585.HK

Watch & Jewellery

12-14.4

200

N/A

2024/11/26

2024/11/28

2024/11/29

Summary

Established in 2005, we are a growing property management service provider well-established in the Yangtze River Delta that provides diversified types of property management services and value-added services. According to CIA, we ranked the 24th among the “2021 Top 100 Property Management Companies in the PRC (2021中國物業服務百強企業)” in terms of overall strength, considering factors including respective property management scale, operational performance, service quality and growth potential. We strive to provide high quality and featured property management and value-added services to various customers. Our competitiveness and service quality have earned us numerous recognitions. We received the “China Property Management Company Providing Featured Services” (中國物業服務特色品牌企業) and “Leading Property Management Service Brand Enterprise in East China” (中國華東物業服務領先品牌) in 2017, and we have been bestowed these two honours for four consecutive years. We received “Top 100 Property Management Companies in China by Service Quality” (中國物業服務百強—服務質量領先企業) in 2018, and we have been conferred this honour for three consecutive years. We are also an established property management service provider in providing property management services for green buildings. According to CIA, the term “green building(s)” is commonly used to refer to properties that have been awarded the “Green Building Labels” (綠色建築標識) by MOHURD and its local administrative authorities in the PRC or properties that are recognised by internationally recognised environmental and building sustainable certification evaluation systems (including BREEAM In-Use V6 and LEED). For further details, please refer to “Industry Overview – The PRC Property Management Industry – Future Development Trends of the PRC Property Management Industry – Fresh development opportunities for property management of green buildings” in this document. In terms of the GFA under management ratio of green buildings with an accreditation of two stars or above, we ranked third among the Top 100 Property Management Companies in the PRC according to CIA. Based on the CIA Report, we ranked seventh among the Top 100 Property Management Companies in the PRC in terms of the GFA under management of green buildings in 2020. As of 31 December 2020, our property management services covered 21 cities, including 15 cities in the Yangtze River Delta and six other cities in the PRC. Our total GFA under management amounted to 17.3 million sq.m. with a total of 123 managed properties, including 102 residential properties and 21 non-residential properties, serving over 120,000 households as at 31 December 2020. Further, our total contracted GFA amounted to 23.7 million sq.m. as at 31 December 2020. Apart from our business, Mr. Tian, our Controlling Shareholder, chairman of the Board and non-executive Director, is also interested in 50% of the total number of issued shares of Landsea Group Company and 57.94% of the total number of issued shares of Landsea Green Properties (stock code: 0106). Landsea is principally engaged in the businesses of property development (including provision of property development entrustment services), decoration engineering, architectural technologies, sales of construction materials, management of staffing and human resources for property projects, asset management and investment, provision of retirement and fitness services and operation of rental apartments. During the Track Record Period, all of Landsea’s property development business was conducted through Landsea Green Properties Group, which focuses on the development of green residential properties. Since our establishment, we have worked to develop a long and close working relationship between our Group and Landsea. During the Track Record Period, our Group provided property management services to a large majority of the properties developed by Landsea and properties that Landsea jointly developed with other independent third-party property developers in which Landsea may or may not have a controlling interest. As at 31 December 2018, 2019 and 2020, the total GFA of properties under our management which were developed by Landsea and properties that Landsea jointly developed with other independent third-party property developers in which Landsea may or may not have a controlling interest amounted to 7.6 million sq.m., 8.6 million sq.m. and 10.0 million sq.m., respectively, representing 83.4%, 57.1% and 57.7% of our total GFA under management as at the same dates, respectively. As at 31 December 2018, 2019 and 2020, the proportion of properties developed by Landsea and properties that Landsea jointly developed with other independent third-party property developers in which Landsea may or may not have a controlling interest to which we provided property management services in terms of GFA under management was 97.7%, 98.0% and 98.3%, respectively. In addition to property management services, during the Track Record Period, we were also engaged by Landsea Group and Landsea Green Properties Group (and their joint ventures and associates) to provide value-added services, including preliminary property management services for properties prior to their delivery to property owners, property management services for car park units and unsold, self-use or investment properties, house repairing services, property agency services, preliminary consultancy services and sales assistance services. The business relationship between our Group and Landsea has been mutually beneficial and complementary, which is common among property management service providers and their related property development companies in the PRC. Source: Landsea Green Life (01965) Prospectus (IPO Date : 2021/06/25)
Listing Market	MAIN
Industry	Property Service and Management
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Tian Ming (40.20%) 南京新工投資集團有限責任公司 (17.42%) Lin Bofeng (7.87%) Chen Huaijun (7.43%)
Directors	Tian Ming (Chairman and Executive Director) WU Xu (Chief Executive Officer and Executive Director) Xue Yuan (Executive Director) Liu Yong (Non-Executive Director) Liu Yan (Non-Executive Director) LU Mei (Independent Non-Executive Director) Katherine Rong Xin (Independent Non-Executive Director) Alfred Shu Shum Lai (Independent Non-Executive Director)
Company Secretary	LIU Chao
Principal Bankers	Industrial And Commercial Bank of China Bank of China Limited
Solicitors
Auditors	Baker Tilly Hong Kong Limited
Registered Office	Unit 407, 8 Queen's Road East, Wanchai, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.landseawy.com
Email Address	irwy@landsea.hk
Tel No	(86 177) 7315-3316
Fax No

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