【Breaking News】（IPO）Zhixin Group Holding (2187.HK) Announces Successful Listing of its Shares on the Main Board of the Stock Exchange of Hong Kong Limited

【Breaking News】（IPO）Zhixin Group Holding (2187.HK) Announces Successful Listing of its Shares

on the Main Board of the Stock Exchange of Hong Kong Limited

(Hong Kong, 26 March 2021) —Zhixin Group Holding Limited (“Zhixin Group Holding” or the “Company”, together with its subsidiaries collectively referred to as the “Group”) (Stock Code: 2187.HK), is pleased to announce that it has been successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) today.

The shares were actively traded on the first trading day and the share price reached the highest at HK$1.52 per share. The share price closed at HK$1.06 per share. A total of 64.1 million shares were traded, and total turnover amounted to approximately HK$81.5 million.

Sole sponsor of the listing is Kingsway Capital Limited. Joint bookrunners are Kingsway Financial Services Group Limited, Seazen Resources Securities Limited, Zhongtai International Securities Limited, Haitong International Securities Company Limited and SPDB International Capital Limited. Joint lead managers are Kingsway Financial Services Group Limited, Seazen Resources Securities Limited, Zhongtai International Securities Limited, Haitong International Securities Company Limited, SPDB International Capital Limited and ZMF Asset Management Limited.

Mr. Ye Zhijie (葉志杰), executive director, chairman of the board and the founder of the Group, “We are pleased that our Group has been successfully listed on the Main Board of the Stock Exchange today and we thank all our investors for their support. After years of development, the Group has a well-grounded image in the market and we believe that the listing in Hong Kong will further enhance our business expansion. With a significant amount of funding raised in the listing, we will continue to explore new opportunities in the market, especially in the fast-growing prefabricated construction industry.”

Mr. Ye Zhijie spoke on the virtual listing ceremony:

About Zhixin Group Holding Limited (Stock Code: 2187.HK)
The Group is a leading manufacturer and supplier of concrete-based building material in Xiamen, Fujian Province of the PRC. Its principal products can be broadly categorized as (i) ready-mixed concrete; and (ii) precast concrete components (‘‘PC components’’). Its Group currently owns and operates two production plants, namely the RMC Plant and PC Plant and leases one production workshop, namely the Jimei Workshop, in Xiamen, with a current aggregate annual production capacity of approximately 1,439,000 m3 of ready-mixed concrete and approximately 119,800 m3 of PC components. With over 13 years of experience working with construction companies for various types of building and construction projects including (i) infrastructure, (ii) residential, (iii) commercial and industrial and (iv) municipal, the Group has established sound reputation in the construction industry in Fujian Province.

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