IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Minieye Tec 02431.HK	Application Software	17-20.2	200	4,081	2024/12/20	Data is not available	2024/12/27
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	2024/12/27	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	2024/12/27	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	2024/12/27	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Minieye Tec
02431.HK

Application Software

17-20.2

200

4,081

2024/12/20

Data is not available

2024/12/27

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

2024/12/27

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

2024/12/27

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

2024/12/27

2024/12/30

Summary

We are a renowned company in China’s packaged drinking water industry and China’s RTD soft beverage industry. According to the CIC Report, we were one of the first enterprises specializing in the production of packaged drinking water in China, having commenced production in 1990. After four decades of development, we have grown into the second largest company in the packaged drinking water market in China and the largest company in the purified drinking water market in China by retail sales value in 2023, with a market share of 18.4% and 32.7%, respectively. The retail sales value of our “C’estbon” purified drinking water products reached RMB39.5 billion in 2023, standing as the number one brand in China’s purified drinking water market, according to the CIC Report. Anchored on our “C’estbon” (“怡寶 ”) brand, and rooted in the success of our purified drinking water products, we persistently enhance our product portfolio of packaged drinking water products through diversification of water types and expansion of product specifications, catering to a wide range of consumption scenarios including outdoor, indoor, business, catering and sports. For example, we strategically developed our medium- to large-sized packaged drinking water, which, from 2021 to 2023, achieved a CAGR exceeding 10% in both revenue and sales volume, and its revenue share within our packaged drinking water products increased steadily year on year. Leveraging our established brand image in the packaged drinking water market, along with our extensive nationwide sales network and production capacity layout, we have been actively engaging in R&D and innovation, and have strategically expanded our presence across multiple core product categories in China’s RTD soft beverage industry, which have been validated by the market and exhibit considerable growth potential. In 2023, according to the CIC Report, we ranked fifth in terms of retail sales value among China’s RTD soft beverage companies, with a market share of 4.7%; in addition, among the top five RTD soft beverage companies in China in terms of retail sales value in 2023, we ranked in the top two, in terms of CAGR from 2021 to 2023, for both retail sales value and net profit. We have successfully crafted multiple hit products under our renowned brands, propelling us to a major position across various core product categories within China’s RTD soft beverage industry. According to the CIC Report, in terms of retail sales value in 2023, we ranked among top 10 in various core RTD beverage categories of China, including tea beverage, juice beverage and coffee beverage. CR Group, one of our Controlling Shareholders, is a state-owned conglomerate headquartered in Hong Kong which ranked 74th in the Fortune Global 500 in 2023. Its core businesses include consumer goods, integrated energy, urban construction and operation, healthcare, industrial finance, technology and emerging sectors. Under the CR Group, eight companies are listed on the Hong Kong Stock Exchange and nine companies are listed on the A-share market in Mainland China. Notably, CR Beer, CR Power, CR Land and CR Mixc are constituents of the Hang Seng Index in Hong Kong. As a dedicated RTD soft beverage enterprise within the CR Group, we play a significant role in the CR Group’s consumer goods arm. Our corporate culture aligns with that of the CR Group and its associated business units. Benefiting from synergies in various areas including our sales channels, digitalization, raw material procurement, construction management and ESG initiatives, we are able to further improve our operational efficiency, enhance our market share and amplify our brand’s influence. We actively uphold our social responsibility, consistently adhering to the quality value. We have been the partner of the Chinese national team, TEAM CHINA since 2019. Our “C’estbon” brand was honored as the “Official Drinking Water of TEAM CHINA” and supplied safe and healthy packaged drinking water and beverage products to over 70 Chinese national sports teams, providing professional and healthy replenishment. We continue to deliver healthy and quality products to consumers, promoting “C’estbon” to become a deeply trusted and widely recognized national brand. Source: CR Beverage (02460) Prospectus (IPO Date : 2024/10/15)
Listing Market	MAIN
Industry	Beverages (Non-alcoholic)
Background	Others
Major Business Area	China

Corporate Information

Substantial Shareholders	China Resources (Holdings) Company Limited (50.04%) Plateau Consumer Fund, L.P. (33.36%)
Directors	ZHANG Weitong (Chairman and Executive Director) LI Shuqing (President and Executive Director) WU Xia (Chief Financial Officer and Executive Director) CAO Yue (Non-Executive Director) LIN Guolong (Non-Executive Director) SUN Yongqiang (Non-Executive Director) XIAO Ning (Non-Executive Director) ZHAO Dian (Non-Executive Director) CHENG Po Chuen (Independent Non-Executive Director) CHOW Wing Kin Anthony (Independent Non-Executive Director) LI Yinquan (Independent Non-Executive Director) YAO Yang (Independent Non-Executive Director)
Company Secretary	CHUNG Ming Fai
Principal Bankers	Bank of China Limited China Merchants Bank China Construction Bank Corporation MUFG Bank, Ltd.
Solicitors	Clifford Chance Jingtian & Gongcheng Harney Westwood & Riegels
Auditors	Deloitte Touche Tohmatsu
Registered Office	37/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong
Share Registrars	Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No	(852) 2980-1333
Internet Address	http://www.crbeverage.com
Email Address
Tel No	(86 0755) 2698-3333
Fax No

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