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

We are a supplier of hydrogenated benzene-based chemicals and energy products in Henan province, primarily focusing on the production and processing of (i) hydrogenated benzene-based chemicals, which principally include pure benzene, toluene and xylene; and (ii) energy products comprising LNG and coal gas. According to Frost & Sullivan, based on revenue in 2022, we were (i) the largest pure benzene supplier in Henan province with a market share of 18.6%, with the market size of pure benzene in Henan province accounting for 3.4% of the market share in China; and (ii) the third largest LNG supplier in Henan province with a market share of 4.9%, with the market size of LNG in Henan province accounting for 1.8% of the market share in China. Our Listing will constitute a spin-off from Jinma Energy, our Controlling Shareholder. OUR PRODUCTS Hydrogenated benzene-based chemicals. Our revenue from the sales of hydrogenated benzene-based chemicals accounted for 54.2%, 72.0%, 58.3% and 60.2% of our total revenue for FY2020, FY2021, FY2022 and 1H2023, respectively, which contributed to the largest proportion of our revenue for the corresponding periods. We mainly produce our hydrogenated benzene-based chemicals through our Company. Hydrogenated benzene-based chemicals are produced through hydrogenation, namely the adding of hydrogen in the presence of catalyst, of crude benzene. As at the Latest Practicable Date, our integrated series of hydrogenated benzene-based chemicals mainly consist of pure benzene, toluene and xylene. The principal customers of our hydrogenated benzene-based chemicals include nylon and fertilisers manufacturers, refined oil manufacturers and other chemical companies. Energy Product – LNG. We produce LNG through the methanation of coking coal gas. LNG can be used as a fuel for vehicles and industrial use. We mainly produce LNG through Jinrui Energy, our subsidiary, and we also procure LNG from third-party LNG suppliers. During the Track Record Period, we mainly sold our LNG to industrial users, trading customers and retail customers at oil and gas stations operated by us. During the Track Record Period, we operated six oil and gas stations stations in Jiyuan city, Henan province, among which four of them are equipped with LNG refuelling facilities. Energy Product – Coal Gas. We source crude coking coal gas from the Jinma Group and are engaged in the processing and sale of coal gas through Jinning Energy, our subsidiary. Coal gas is primarily used as domestic fuel or industrial fuel, and the carbon monoxide, hydrogen and methane in the coal gas are important raw materials for chemicals manufacturing companies. During the Track Record Period, we sold coal gas to certain industrial enterprises including Jinjiang Refinery which separates the hydrogen content of coal gas for production of hydrogen and residential users, all of which are situated in the Jiyuan High-Tech Industrial Chemical Park where our Group is based and neighbouring areas. While we did not sell any hydrogen during the Track Record Period, in order to grasp the opportunities that have arisen due to the PRC government’s commitment to encourage the development of circular economy and “dual carbon goals (雙碳目標)” and a shift towards low-carbon and green energy, we intend to expand our energy business to include hydrogen. Source: Jinyuan Hydro Chem (02502) Prospectus (IPO Date : 2023/12/12)
Listing Market	MAIN
Industry	Diversified Chemicals
Background	H Shares
Major Business Area	N/A

Corporate Information

Substantial Shareholders	[06885] Henan Jinma Energy Company Limited (Total share: 75.00%); (H share: 75.00%)
Directors	Yiu Chiu Fai (Chairman and Non-Executive Director) Wang Kaibao (Vice Chairman and Non-Executive Director) Wang Zengguang (General Manager and Executive Director) Qiao Erwei (Deputy General Manager and Executive Director and Secretary to the Board) Wang Lijie (Non-Executive Director) Di Zhigang (Independent Non-Executive Director) Leung Sin Yeng Winnie (Independent Non-Executive Director) Wong Yan Ki, Angel (Independent Non-Executive Director)
Company Secretary	Lee Kwan Ying Adrienne
Principal Bankers	Bank of China Limited Shanghai Pudong Development Bank Co., Ltd. Zhongyuan Bank Co., Ltd. Industrial And Commercial Bank of China China Guangfa Bank China CITIC Bank Corporation Limited
Solicitors	Brightstone Lawyers Reed Smith Richards Butler LLP
Auditors	Deloitte Touche Tohmatsu
Registered Office	Unit 2801, 28th Floor, 88 Hing Fat Street, Causeway Bay, 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.jyqhhg.com
Email Address	jyqhhg@126.com
Tel No	(86 391) 6038-215
Fax No

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