Haohi Health's filing information for listing on the US stock market has been confirmed by the China Securities Regulatory Commission.

Zhitong
2023.09.15 12:44
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On September 14th, the China Securities Regulatory Commission issued a filing notice for the overseas issuance and listing of Haoxi Health Technology Limited. According to the notice, Haoxi Health plans to issue up to 159,045,000 common shares and list on the NASDAQ stock exchange in the United States.

According to the Haoxi Health Technology Limited (浩希健康科技有限公司) overseas listing filing notice released by the China Securities Regulatory Commission (CSRC) on September 14th, it is stated that Haoxi Health plans to issue no more than 3,450,000 common shares and list on the NASDAQ Stock Exchange in the United States.

The filing notice shows that from the date of issuance of the filing notice until the end of this overseas listing, if the company experiences any significant events, it should report them through the CSRC's filing management information system in accordance with the relevant regulations for domestic enterprises' overseas listings.

The filing notice also mentions that within 15 working days after the completion of the overseas listing, the company should report the listing situation through the CSRC's filing management information system. The company should strictly comply with the relevant laws, regulations, and rules both domestically and internationally during the process of overseas listing.

If the company fails to complete the overseas listing within 12 months from the date of issuance of this filing notice and intends to continue the process, it should update the filing materials.

It is reported that on February 15th, 2023, Haoxi Health submitted a confidential filing to the SEC, and on August 25th, 2023, it publicly disclosed its prospectus, planning to list on NASDAQ through an IPO with the stock code HAO.

As an online marketing solutions provider, Haoxi Health mainly focuses on internet marketing services with online effectiveness as the core, and its advertising clients are mainly concentrated in the healthcare industry. The company generates revenue mainly by providing one-stop internet marketing solutions, especially through its media partners for online short video advertisements. These media partners include platforms such as Toutiao and Douyin, as well as third-party agents authorized by the platforms. Without direct contact with the platforms, the company serves its advertising clients by acting as an agent for ad placements.

Haoxi Health purchases advertising space from its media partners (which it considers as its suppliers) to place advertisements for its advertising clients. By planning, producing, delivering, and optimizing online advertisements, especially online short video advertisements, Haoxi provides customized marketing solutions to help advertisers acquire, convert, and retain end consumers on various online media platforms. Since its establishment in 2018, Haoxi has served approximately 2,000 advertisers, the majority of which are healthcare companies.