Core Viewpoint - The company, Haitian Flavor Industry (海天味业), is launching a global offering of approximately 263 million H-shares, with a pricing range of HKD 35.00 to HKD 36.30 per share, aiming to raise around HKD 9.2712 billion for various strategic initiatives [1][4]. Group 1: Company Overview - Haitian Flavor Industry is a leading Chinese condiment company with a long-standing history, focusing on high-quality products for home cooking and dining experiences [2]. - The company ranks first in the Chinese condiment market with a market share of 4.8%, significantly higher than its largest competitor, and is the fifth largest globally with a 1.1% market share [2]. Group 2: Offering Details - The company plans to issue approximately 157.943 million shares in Hong Kong and around 247 million shares internationally, with the offering period from June 11 to June 16, 2025 [1]. - The expected pricing date is June 17, 2025, and trading on the Hong Kong Stock Exchange is anticipated to commence on June 19, 2025 [1]. Group 3: Strategic Use of Proceeds - The estimated net proceeds of approximately HKD 9.2712 billion will be allocated as follows: 20% for product development and technology upgrades, 30% for capacity expansion and supply chain digitalization, 20% for enhancing global brand image and sales channels, 20% for strengthening the sales network, and 10% for working capital and general corporate purposes [4]. Group 4: Cornerstone Investors - The company has secured cornerstone investment agreements totaling USD 595 million (approximately HKD 4.6675 billion) from various investors, including HHLR Advisors, GIC, and UBS AM, among others [3].