Core Viewpoint - Nanhua Futures Co., Ltd. plans to conduct an initial public offering (IPO) of 108 million H-shares from December 12 to December 17, 2025, with an expected share price range of HKD 12-16, aiming to raise approximately HKD 1.41 billion in net proceeds assuming a mid-point price of HKD 14.00 per share [1][3]. Group 1: IPO Details - The IPO will consist of approximately 10% for public offering in Hong Kong and 90% for international offering, with an additional 15% over-allotment option [1][3]. - The shares are expected to commence trading on the Hong Kong Stock Exchange on December 22, 2025 [1][3]. Group 2: Company Overview - Nanhua Futures is recognized as a leading futures company in China, ranked eighth among all futures companies in China by total revenue for 2024, and first among non-financial related futures companies [1][3]. - The company focuses on providing futures and derivatives services in both domestic and international markets, catering to industrial clients, financial institutions, and individual investors [1][3]. Group 3: Use of Proceeds - The net proceeds from the IPO will be allocated entirely to enhance the capital base of Nanhua's overseas subsidiaries in Hong Kong, the UK, the US, and Singapore [2][4]. - Approximately 30% of the net proceeds will be used to strengthen operations in Hong Kong and East Asia, including establishing a subsidiary in Malaysia [2][4]. - Another 30% is earmarked for increasing the capital base in the UK to support potential growth in futures brokerage and clearing services [2][4]. - About 20% will be allocated to the US operations to support growth in North America and establish a local marketing network [2][4]. - 10% will be directed towards enhancing operations in Singapore and other Southeast Asian countries, focusing on futures brokerage, clearing services, and asset management [2][4][5]. - The remaining 10% will be used for general corporate purposes and to supplement working capital for overseas operations [2][4][5].

Core Viewpoint - Nanhua Futures Co., Ltd. plans to globally offer approximately 108 million H-shares, with a pricing range of HKD 12.00 to 16.00 per share, aiming to enhance its capital base for international operations and expand its global market competitiveness [1][2]. Group 1: Company Overview - Nanhua Futures is a leading futures company in China, ranked eighth among all futures companies in China by total revenue for 2024, and first among non-financial related futures companies [1]. - The company has evolved from a domestic futures brokerage service provider to a comprehensive global financial services platform, offering a range of services including futures brokerage, risk management, and wealth management [2]. Group 2: Fund Utilization - Approximately 30% of the net proceeds from the global offering will be allocated to enhance the capital base for operations in Hong Kong, supporting potential business growth in East Asia and establishing a subsidiary in Malaysia [3]. - Another 30% will be used to strengthen the capital base for operations in the UK, focusing on futures brokerage and clearing services to support growth in Europe [3]. - About 20% will be directed towards increasing the capital base for operations in the US, primarily for futures brokerage and establishing a local marketing network [3]. - Approximately 10% will be allocated to enhance operations in Singapore and other Southeast Asian countries, focusing on futures brokerage, clearing services, and asset management [3]. - The remaining 10% will be used for general corporate purposes and to supplement the working capital for overseas operations [3].