Global Offering

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Global Offering CATHAY MEDIA AND EDUCATION GROUP INC. 華夏視聽教育集團 ( Incorporated in the Cayman Islands with limited liability) Stock Code: 1981 GLOBAL OFFERING Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers Joint Bookrunners and Joint Lead Managers IMPORTANT IMPORTANT: If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. CATHAY MEDIA AND EDUCATION GROUP INC. 華夏視聽教育集團 (incorporated in the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares under : 400,000,000 Shares (subject to the Global Offering the Over-allotment Option) Number of Hong Kong Public : 40,000,000 Shares (subject to Offer Shares reallocation) Number of International Offer Shares : 360,000,000 Shares (subject to reallocation and the Over-allotment Option) Maximum Offer Price : HK$3.10 per Offer Share plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars, subject to refund) Nominal value : US$0.00001 per Share Stock code : 1981 Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers Joint Bookrunners and Joint Lead Managers Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. A copy of this document, having attached thereto the documents specified in “Documents delivered to the Registrar of Companies and available for inspection” in Appendix VI, has been registered by the Registrar of Companies in Hong Kong as required by Section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility for the contents of this document or any other document referred to above. The Offer Price is expected to be fixed by agreement between the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and us on the Price Determination Date. The Price Determination Date is expected to be on or around Wednesday, July 8, 2020 and, in any event, not later than 6:00 p.m. on Monday, July 13, 2020, or such other date as agreed between parties. The Offer Price will be no more than HK$3.10 per Offer Share and is currently expected to be no less than HK$2.86 per Offer Share unless otherwise announced. If, for any reason, the Offer Price is not agreed by 6:00 p.m. on Monday, July 13, 2020, or such other date as agreed between the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and us, the Global Offering will not proceed and will lapse. The Joint Global Coordinators may, with our consent, reduce the number of Offer Shares being offered under the Global Offering and/or the indicative offer price range below that stated in this document at any time on or prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, notices of such reduction will be published on the websites of the Stock Exchange at www.hkexnews.hk and our Company at www.cathaymedia.com as soon as practicable but in only event not later than the morning of the last day for lodging applications under the Hong Kong Public Offering. See “Structure of the Global Offering” and “How to apply for Hong Kong Public Offer Shares” for more details. The obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement are subject to termination by the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) if certain grounds arise prior to 8:00 a.m. on the Listing Date. See “Underwriting – Underwriting arrangements and expenses for Hong Kong Public Offering – Grounds for termination” for more details. Prior to making an investment decision, prospective investors should consider carefully all of the information set out in this document, including the risk factors set out in the section headed “Risk factors”. The Offer Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws of the United States and may not be offered and sold within or to the United States, except pursuant to an exemption from, or in transactions not subject to, the registration requirements of the U.S. Securities Act and any applicable state securities laws. Accordingly, the Offer Shares may only be offered or sold to QIBs in reliance on Rule 144A or another exemption from registration under the U.S. Securities Act or outside the United States in accordance with Regulation S. June 30, 2020 EXPECTED TIMETABLE(1) Latest time to complete electronic applications under HK eIPO White Form service through one of the below ways(2): (1) the IPO App, which can be downloaded by searching “IPO App” in App Store or Google Play or downloaded at www.hkeipo.hk/IPOApp or www.tricorglobal.com/IPOApp (2) the designated website www.hkeipo.hk(2) ....................11:30 a.m. on Wednesday, July 8, 2020 Application lists of the Hong Kong Public Offering open(3) ..............11:45 a.m. on Wednesday, July 8, 2020 Latest time to lodge WHITE and YELLOW Application Forms ...........................................12:00 noon on Wednesday, July 8, 2020 Latest time to give electronic application instructions to HKSCC(4) ................................................12:00 noon on Wednesday, July 8, 2020 Latest time to complete payment for HK eIPO White Form applications by effecting internet banking transfer(s) or PPS payment transfer(s) .......................................12:00 noon on Wednesday, July 8, 2020 Application lists of the Hong Kong Public Offering close ...............12:00 noon on Wednesday, July 8, 2020 Expected Price Determination Date(5) .......................Wednesday, July 8, 2020 (1) Announcement of: • the Offer Price; • the indication of the level of interest in the International Offering; • the level of applications in the Hong Kong Public Offering; and • the basis of allocation of the Hong Kong Public Offer Shares to be published on the website of the Stock Exchange at www.hkexnews.hk and our website at www.cathaymedia.com(6)(11) on or before ................Tuesday, July 14, 2020 (2) Results of allocations in the Hong Kong Public Offering (with successful applicants’ identification document numbers, where appropriate) to be available through a variety of channels (see the section headed “How to apply for Hong Kong Public Offer Shares”) from(11) ..........................Tuesday, July 14, 2020 –i– EXPECTED TIMETABLE(1) Results of allocations in the Hong Kong Public Offering will be available at the “Allotment Result” function in the IPO App or at www.tricor.com.hk/ipo/result or www.hkeipo.hk/IPOResult with a “search by ID” function from(11) ..........................Tuesday, July 14, 2020 Dispatch of Share certificates in respect of wholly or partially successful applications on or before(7)(8)(11) ..................Tuesday, July 14, 2020 Dispatch of HK eIPO White Form e-Auto Refund payment instructions and/or refund checks (if applicable) in respect of wholly or partially unsuccessful applications on or before(8)(9)(10)(11) .................................Tuesday, July 14, 2020 Dealings in Shares on the Stock Exchange expected to commence on(11) .............................................9:00 am on Wednesday, July 15, 2020 Notes: (1) All times refer to Hong Kong local time. Details of the structure of the Global Offering, including its conditions, are set out in the section headed “Structure of the Global Offering” in this document. (2) You will not be permitted to submit your application through the IPO App or the designated website at www.hkeipo.hk after 11:30 a.m. on the last day for submitting applications. If you have already submitted your application and obtained an application reference number from the IPO App or the designated website prior to 11:30 a.m., you will be permitted to continue the application process (by completing payment of application monies) until 12:00 noon on the last day for submitting applications, when the application lists close. (3) If there is/are a tropical cyclone warning signal number 8 or above, or a “black” rainstorm warning and/or Extreme Conditions at any time between 9:00 a.m. and 12:00 noon on Wednesday, July 8, 2020, the application lists will not open on that day. See “How to apply for Hong Kong Public Offer Shares – 10. Effect of bad weather and/or Extreme Conditions on the opening of the application lists”. If the application lists do not open and close on Wednesday, July 8, 2020, the dates mentioned in this section headed “Expected timetable” may be affected. An announcement may be made by us in such event. (4) Applicants who apply for Hong Kong Public Offer Shares by giving electronic application instructions to HKSCC should refer to the section headed “How to apply for Hong Kong Public Offer Shares – Applying by giving electronic application instructions to HKSCC via CCASS” in this document. (5) We expect to determine the Offer Price by agreement with the Joint Global Coordinators (on behalf of the Hong Kong Underwriters) on the Price Determination Date. The Price Determination Date is expected to be on or around Wednesday, July 8, 2020, and, in any event, not later than 6:00 p.m. on Monday, July 13, 2020. If, for any reason, the Offer Price is not agreed between the Joint Global Coordinators (on behalf of the Hong Kong Underwriters) and us by 6:00 p.m.
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