Global Offering
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雲南建投綠色高性能 混凝土股份有限公司 YCIH Green High-Performance Concrete Company Limited (A joint stock company incorporated in the People’s Republic of China with limited liability) Stock code: 1847 GLOBAL OFFERING Sole Sponsor and Sole Global Coordinator IMPORTANT If you are in any doubt about any of the contents of this prospectus, you should obtain independent professional advice. YCIH Green High-Performance Concrete Company Limited 雲南建投綠色高性能混凝土股份有限公司 (A joint stock company incorporated in the People’s Republic of China with limited liability) GLOBAL OFFERING Number of Offer Shares : 133,882,000 H Shares (subject to the under the Global Offering exercise of the Over-allotment Option) Number of Hong Kong Offer Shares : 13,390,000 H Shares (subject to adjustment) Number of International Offer Shares : 120,492,000 H Shares (subject to adjustment and the exercise of the Over-allotment Option) Maximum Offer Price : HK$3.51 per Offer Share, plus brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars, subject to refund) Nominal value : RMB1.00 per H Share Stock code : 1847 Sole Sponsor and Sole Global Coordinator 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 “Appendix VII – Documents Delivered to the Registrar of Companies and Available for Inspection”, 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 documents referred to above. The Offer Price is expected to be fixed by agreement between the Sole Global Coordinator (for itself and on behalf of the Underwriter(s)) and us on the Price Determination Date. The Price Determination Date is expected to be on or about Thursday, October 24, 2019 and, in any event not later than Wednesday, October 30, 2019. The Offer Price will be not more than HK$3.51 per Offer Share and is currently expected to be not less than HK$2.76 per Offer Share, unless otherwise announced. Applicants for Hong Kong Offer Shares are required to pay, upon application, the maximum Offer Price of HK$3.51 for each Hong Kong Offer Share together with a brokerage fee of 1%, a SFC transaction levy of 0.0027% and a Hong Kong Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price as finally determined is less than HK$3.51 per Offer Share. If, for any reason, the Offer Price is not agreed by Wednesday, October 30, 2019 between the Sole Global Coordinator (for itself and on behalf of the Underwriter(s)) and us, the Global Offering will not proceed and will lapse. The Sole Global Coordinator (for itself and on behalf of the Underwriter(s)) with our consent may, where it considers appropriate, reduce the number of Hong Kong Offer Shares and/or the indicative Offer Price range below that is stated in this prospectus (which is HK$2.76 to HK$3.51) 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 our Company at www.ynhnt.com and on the website of the Hong Kong Stock Exchange at www.hkexnews.hk. For details, please refer to the sections headed “Structure of the Global Offering” and “How to Apply for the Hong Kong Offer Shares”. We are incorporated, and most of our businesses are operated, in the PRC. Potential investors should be aware of the differences in legal, economic and financial systems between the PRC and Hong Kong and that there are different risk factors relating to investments in PRC-incorporated businesses. Potential investors should also be aware that the regulatory framework in the PRC is different from the regulatory framework in Hong Kong and should take into consideration the different market nature of the H Shares. Such differences and risk factors are set out in the sections headed “Risk Factors”, “Appendix IV – Summary of Principal Legal and Regulatory Provisions” and “Appendix V – Summary of the Articles of Association”. Potential investors should consider carefully all the information set out in this prospectus and, in particular, the matters discussed in the abovementioned sections. The obligations of the Hong Kong Underwriter under the Hong Kong Underwriting Agreement are subject to termination by the Sole Global Coordinator (for itself and on behalf of the Underwriter(s)) 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 – Grounds for Termination ”. 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 and may not be offered or sold, pledged or transferred within the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act. October 21, 2019 EXPECTED TIMETABLE(1) Latest time to complete electronic applications under White Form eIPO service through the designated website www.eipo.com.hk(2) ............................11:30 a.m. on Thursday, October 24, 2019 Application lists of the Hong Kong Public Offering open(3) ......11:45 a.m. on Thursday, October 24, 2019 Latest time for lodging WHITE and YELLOW Application Forms ...........................12:00 noon on Thursday, October 24, 2019 Latest time for giving electronic application instructions to HKSCC(4) ..............................12:00 noon on Thursday, October 24, 2019 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 Thursday, October 24, 2019 Application lists of the Hong Kong Public Offering close ........12:00 noon on Thursday, October 24, 2019 Expected Price Determination Date(5) ....................Thursday, October 24, 2019 (1) Announcement of: • the Offer Price; • an 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 Offer Shares to be published in South China Morning Post (in English) and Hong Kong Economic Times (in Chinese) and on the websites of the Hong Kong Stock Exchange at www.hkexnews.hk and our Company at www.ynhnt.com(6) on or before ......Wednesday, October 30, 2019 (2) Announcement of results of allocations in the Hong Kong Public Offering (including successful applicants’ identification document numbers, where appropriate) to be available through a variety of channels including the websites of the Hong Kong Stock Exchange at www.hkexnews.hk and our Company at www.ynhnt.com(6) (Please refer to the section headed “How to Apply for the Hong Kong Offer Shares – 11. Publication of Results”) from ...........Wednesday, October 30, 2019 –i– EXPECTED TIMETABLE(1) (3) A full announcement of the Hong Kong Public Offering containing (1) and (2) above to be published on the websites of the Hong Kong Stock Exchange at www.hkexnews.hk(7) and our Company at www.ynhnt.com(6) from .......................Wednesday, October 30, 2019 Results of allocations for the Hong Kong Public Offering will be available at www.iporesults.com.hk (alternatively: English https://www.eipo.com.hk/en/Allotment; Chinese https://www.eipo.com.hk/zh-hk/Allotment) (with a “search by ID” function) .....................Wednesday, October 30, 2019 H Share certificates in respect of wholly or partially successful applications to be dispatched on or before(8)(9) . .Wednesday, October 30, 2019 White Form e-Refund payment instructions/refund cheques in respect of wholly or partially unsuccessful applications to be dispatched on or before(10)(11) .........Wednesday, October 30, 2019 Dealings in H Shares on the Hong Kong Stock Exchange to commence at..................9:00 a.m. on Thursday, October 31, 2019 Notes: (1) All times and dates refer to Hong Kong local times and dates, except otherwise stated. Details of the structure of the Global Offering, including conditions of the Hong Kong Public Offering, are set out in the section headed “Structure of the Global Offering”. (2) You will not be permitted to submit your application through designated website at www.eipo.com.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 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.