Hong Kong stock main board IPO conditions and rules - you need to meet any one of the three standards:

The first: Profit test

1. Have Business records for no less than 3 fiscal years, and during that period, the new applicant’s profit attributable to shareholders in the most recent year shall not be less than HK$20 million, and its cumulative profit attributable to shareholders in the previous two years shall not be less than HK$30 million. The above profits should be deducted from the income or losses generated by businesses other than daily business;

2. The management of at least the previous three fiscal years remains unchanged;

3. At least audited The ownership and control rights in the most recent fiscal year remain unchanged;

Second: Market value/income/cash flow test

1. Have no less than 3 fiscal years business records;

2. The management of at least the previous three fiscal years remains unchanged;

3. The ownership and control of at least the most recent audited fiscal year are maintained No change;

4. The market value at the time of listing is at least HKD 2 billion;

5. The audited revenue in the most recent fiscal year is at least HKD 500 million;

< p>6. The total cash inflow of the new applicant or its group’s business to be listed in the first three fiscal years is at least HK$100 million;

Third type: market value/income test

1. Have a business record of no less than 3 fiscal years;

2. The management of at least the previous 3 fiscal years remains unchanged;

3. At least 3 fiscal years. The ownership and control rights in the most recent audited fiscal year remain unchanged;

4. The market value at the time of listing is at least HK$4 billion;

5. The most recent audited fiscal year The revenue is at least HK$500 million;

The Hong Kong stock IPO process generally includes stages such as form submission, hearing, road show, prospectus, announcement of placement results, black market trading and listing.

Warm reminder:

①The above explanation is for reference only and does not make any suggestions.

②There are risks in entering the market, so investment needs to be cautious. Before making any investment, you should ensure that you fully understand the investment nature of the product and the risks involved. After understanding and carefully evaluating the product, you can make your own judgment on whether to participate in the transaction.

Response time: 2021-11-22. For the latest business changes, please refer to the official website of Ping An Bank.