Impression Da Hong Pao announced global offering price of HK$3.6 per share, raising HK$130 million
Impression Da Hong Pao Announces Global Offering Price of HK$3.6 per Share, Raising HK$130 Million
December 19 – China’s leading cultural tourism service provider, Impression Da Hong Pao Co., Ltd. (NEEQ: 870608) (the “Company” or “Impression Da Hong Pao”), today announced the final offer price for its global offering consisting of an international offering and a Hong Kong public offering of 36,100,000 shares (subject to the over-allotment option).
The final offer price for both the international offering and Hong Kong public offering (the “Offer Price”) is HK$3.6 per share. Subject to approval by The Stock Exchange of Hong Kong Limited (the “HKEx”), the Company’s shares are expected to commence trading on the Main Board of HKEx on Monday, December 22, 2025, under the stock code 2695.
The Company intends to use the net proceeds from the global offering for the following purposes: upgrading the flagship live performance Impression·Da Hong Pao; innovating the Impression Cultural Tourism Town; acquiring another cultural tourism performance project; promotional activities to enhance brand image and business influence; upgrading the ticketing management system and other software; working capital and other general corporate purposes.
Xingzheng International Capital Limited and Kaisheng Capital Limited are the joint sponsors.
About Impression Da Hong Pao Co., Ltd.
Impression Da Hong Pao Co., Ltd. (NEEQ: 870608) is a state-owned cultural tourism service provider that completed its listing on China’s NEEQ in 2017. The Company’s business is divided into three main segments: (i) performance and show services; (ii) Impression Cultural Tourism Town operations; and (iii) tea-themed hotel operations. Among these, the Company’s flagship program, the live performance Impression·Da Hong Pao, serves as the cornerstone of its business. It is the only live performance held within a UNESCO World Natural and Cultural Heritage site and the only large-scale outdoor live performance intertwined with the history of traditional Chinese tea culture. In 2024, Impression·Da Hong Pao ranked third in China by box office revenue among all tourism live performances and tenth among all cultural tourism performances1. By revenue generated from cultural tourism performances, the Company ranked eighth in China’s cultural tourism performance market in 20241.
1 According to Frost & Sullivan data
Disclaimer
This offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. This press release is provided for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. It may not be offered or sold in any jurisdiction where such offer or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This press release is not a prospectus (as defined under Hong Kong law), and potential investors should read the Company’s prospectus for detailed information about the Company and the proposed offering before making any investment decision. This press release has not been reviewed or approved by HKEx or the Securities and Futures Commission of Hong Kong.
The Company’s share price may enter a stabilization period under Chapter 571W of the Hong Kong Securities and Futures (Price Stabilization) Rules. Details of price stabilization and how it will be affected by Chapter 571W are disclosed in the Company’s prospectus issued on December 12, 2025.
This press release is issued by Yimanhou Financial Communications Limited on behalf of Impression Da Hong Pao Co., Ltd.
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