Prospectus, You Should Seek Independent Professional Advice
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(Incorporated in the Cayman Islands with Iimited Iiability) Stock Code: 3799 TMTM IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should seek independent professional advice. Dali Foods Group Company Limited 達利食品集團有限公司 (Incorporated in the Cayman Islands with limited liability) GLOBAL OFFERING Number of Offer Shares under the : 1,694,117,500 Shares (subject to the Global Offering Over-allotment Option) Number of Hong Kong Offer Shares : 169,412,000 Shares (subject to reallocation) Number of International Offer Shares : 1,524,705,500 Shares (subject to reallocation and the Over-allotment Option) Maximum Offer Price : HK$6.15 per 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 and subject to refund) Nominal value : HK$0.01 per Share Stock code : 3799 Joint Sponsors, Joint Global Coordinators, 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 prospectus, 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 prospectus. A copy of this prospectus, having attached thereto the documents specified in the section headed “Documents Delivered to the Registrar of Companies and Available for Inspection” in Appendix V, 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 prospectus or any other document referred to above. The Offer Price is expected to be determined by agreement among the Joint Sponsors, the Joint Global Coordinators (on behalf of the Underwriters) and our Company on or around Saturday, November 14, 2015 and, in any event, not later than Thursday, November 19, 2015. The Offer Price will be not more than HK$6.15 per Share and is currently expected to be not less than HK$5.00 per Share, unless otherwise announced. Applicants for Hong Kong Offer Shares are required to pay, upon application, the maximum Offer Price of HK$6.15 per Share for each Hong Kong Offer Share together with brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price as finally determined is less than HK$6.15 per Share. If, for any reason, the Offer Price is not agreed by Thursday, November 19, 2015 among the Joint Sponsors, the Joint Global Coordinators (on behalf of the Underwriters) and us, the Global Offering will not proceed and will lapse. The Joint Sponsors and the Joint Global Coordinators (on behalf of the Underwriters) may, where considered appropriate and with our consent, reduce the number of Hong Kong Offer Shares and/or the indicative Offer Price range below that stated in this prospectus (which is HK$5.00 to HK$6.15) at any time prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, notices of the reduction in the number of Hong Kong Offer Shares and/or the indicative Offer Price range will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) as soon as practicable following the decision to make such reduction, and in any event not later than the morning of the day which is the last day for lodging applications under the Hong Kong Public Offering. Such notices will also be available on the website of the Stock Exchange at www.hkexnews.hk and on the website of our company at http://www.dali-group.com. Further details are set forth in the sections headed “Structure of the Global Offering” and “How to Apply for Hong Kong Offer Shares” in this prospectus. If applications for Hong Kong Offer Shares have been submitted prior to the day which is the last day for lodging applications under the Hong Kong Public Offering, in the event that the number of Offer Shares and/or the indicative Offer Price range is so reduced, such applications can subsequently be withdrawn. Prior to making an investment decision, prospective investors should consider carefully all of the information set out in this prospectus, including the risk factors set out in the section headed “Risk Factors” in this prospectus. Prospective investors of the Hong Kong Offer Shares should note that the obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement to subscribe, and to procure subscribers for, the Hong Kong Offer Shares, are subject to termination by the Joint Sponsors and the Joint Global Coordinators (on behalf of the Underwriters) if certain grounds arise prior to 8:00 a.m. on the Listing Date. Such grounds are set out in the section headed “Underwriting—Underwriting Arrangements and Expenses—Hong Kong Public Offering—Hong Kong Underwriting Agreement—Grounds for Termination” in this prospectus. It is important that you refer to that section for further details. The Offer Shares have not been and will not be registered under the U.S. Securities Act or any state securities law in the United States and may not be offered, sold, pledged or transferred within the United States except that Offer Shares may be offered, sold or delivered to QIBs in reliance on an exemption from registration under the U.S. Securities Act provided by, and in accordance with the restrictions of, Rule 144A or another exemption from the registration requirements of the U.S. Securities Act. The Offer Shares may be offered, sold or delivered outside the United States in offshore transactions in accordance with Regulation S. November 10, 2015 EXPECTED TIMETABLE Latest time for completing electronic applications under White Form eIPO service through the designated website www.eipo.com.hk (2) ................................... 11:30 a.m. on Friday, November 13, 2015 Application lists open(3)......................................... 11:45 a.m. on Friday, November 13, 2015 Latest time for lodging WHITE and YELLOW Application Forms .................................................... 12:00 noon on Friday, November 13, 2015 Latest time for completing payment of White Form eIPO applications by effecting internet banking transfer(s) or PPS payment transfer(s) .................................... 12:00 noon on Friday, November 13, 2015 Latest time for giving electronic application instructions to HKSCC(4) ............................................... 12:00 noon on Friday, November 13, 2015 Application lists close(3) ....................................... 12:00 noon on Friday, November 13, 2015 Expected Price Determination Date(5) ....................................... Saturday, November 14, 2015 (1) Announcement of the Offer Price, the level of indications of interest in the International Offering, the level of applications in the Hong Kong Public Offering and basis of allocation of the Hong Kong Offer Shares under the Hong Kong Public Offering to be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) on or before ................ Thursday, November 19, 2015 (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 as described in the section headed “How to Apply for Hong Kong Offer Shares—11. Publication of Results” in this prospectus .................................................. Thursday, November 19, 2015 (3) A full announcement of the Hong Kong Public Offering containing (1) and (2) above to be published on the website of the Stock Exchange at www.hkexnews.hk and our Company’s website at http://www.dali-group.com from ............... Thursday, November 19, 2015 —i— EXPECTED TIMETABLE Results of allocations in the Hong Kong Public Offering will be available at www.iporesults.com.hk with a “search by ID” function from ...................................... Thursday, November 19, 2015 Dispatch/collection of Share certificates in respect of wholly or partially successful applications pursuant to the Hong Kong Public Offering on or before(6) .............................. Thursday, November 19, 2015 Dispatch/collection of refund cheques and White Form e-Refund payment instructions in respect of wholly or partially successful applications (if applicable) or wholly or partially unsuccessful applications pursuant to the Hong Kong Public Offering on or before(7)...................... Thursday, November 19, 2015 Dealings in the Shares on the Stock Exchange expected to commence on .............. Friday, November 20, 2015 Notes: (1) All times refer to Hong Kong local time, except as otherwise stated. (2) You will not be permitted to submit your application through the designated website at www.eipo.com.hk after 11:30 a.m. on the last day for lodging applications. If you have already submitted your application and obtained an application reference number from 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 of lodging applications, when the application lists close. (3) If there is a tropical cyclone warning signal number 8 or above, or a “black” rainstorm warning in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon on Friday, November 13, 2015, the application lists will not open on that day. Please see the section headed “How to Apply for Hong Kong Offer Shares—10. Effect of Bad Weather on the Opening of the Application Lists” in this prospectus for further details. (4) Applicants who apply for the Hong Kong Offer Shares by giving electronic application instructions to HKSCC should see the section headed “How to Apply for Hong Kong Offer Shares—6.