Group 1 - Nanhua Futures Co., Ltd. is planning a global offering of 107.659 million H shares, with 10.766 million shares available for public sale in Hong Kong and 96.893 million shares for international sale [1][3] - The offering price is set between HKD 12.00 and HKD 16.00 per share, with a total fundraising amount estimated between HKD 12.92 billion and HKD 17.23 billion [3][4] - The company aims to use approximately 30% of the net proceeds to enhance its capital base in Hong Kong and establish a subsidiary in Malaysia, with similar allocations for operations in the UK, the US, and Singapore [4] Group 2 - The IPO is scheduled from December 12 to December 17, 2025, with the listing date set for December 22, 2025 [3] - Nanhua Futures is ranked 8th among all futures companies in China by total revenue and 1st among non-financial institution-related futures companies according to a Frost & Sullivan report [5] - The shareholder structure post-IPO indicates that Hengdian Holdings will control approximately 65.43% of the shares, with other A-share and H-share holders holding 19.57% and 15.00% respectively [4][5]