Core Viewpoint - The successful transfer of Ocean Global Holdings from GEM to the main board of the Hong Kong Stock Exchange marks a significant trend of GEM companies seeking to upgrade their listings, facilitated by the new simplified transfer mechanism introduced in 2024 [1][2][3]. Group 1: Company Transfers - Ocean Global Holdings is the second company to transfer from GEM to the main board under the new simplified transfer mechanism, following Biyou Group, which made the transition on February 18, 2023 [2]. - Ocean Global Holdings had previously attempted to transfer in 2019 and 2020 but was unsuccessful, indicating a challenging environment for GEM companies seeking to upgrade [2]. - The transfer to the main board is expected to enhance the company's market credibility, investor structure, and liquidity, addressing the valuation discount often faced by GEM companies due to size and liquidity constraints [3]. Group 2: Market Trends - The recent activity of multiple GEM companies, including Youzan and Datang Gold, seeking to transfer to the main board reflects a growing enthusiasm among GEM firms to pursue this upgrade [4]. - Youzan reported a net profit of 73 million RMB in the first half of the year, demonstrating its financial turnaround and readiness for the main board [4]. - The simplified transfer mechanism has made it easier and less costly for eligible GEM companies to transition to the main board, thereby broadening the listing channels for small and medium-sized enterprises [4][5].

Group 1 - The core viewpoint of the article highlights that Ocean Global Holdings Limited has successfully transitioned from the Hong Kong Stock Exchange's GEM to the main board, becoming the first company to do so under the new simplified transfer mechanism introduced on January 1, 2024 [1][2] - Ocean Global was listed on the GEM in October 2017 and is the only publicly listed company in Hong Kong focused on the import and wholesale of frozen seafood, boasting over 22 years of experience in the industry [1] - The company has established a global procurement network and localized distribution system, serving well-known restaurant brands and penetrating retail terminals and high-end dining establishments through nearly 400 wholesalers [1] Group 2 - For the fiscal year ending March 31, 2025, Ocean Global reported revenues of HKD 396 million, a decrease of 13.7% year-on-year, while profit increased by 2.26% to HKD 41.686 million, with basic earnings per share at HKD 0.149 and a final dividend of HKD 0.042 per share [2] - The company has maintained a consistent dividend payout for eight consecutive years, establishing itself as a long-term dividend benchmark in the Hong Kong stock market [2] - The transition to the main board is seen as a significant milestone for the company, enhancing brand influence and opening up greater opportunities for future financing and international expansion [2]