有限公司 China Tobacco International (HK) Company Limited (Incorporated in Hong Kong with Limited Liability)
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IMPORTANT IMPORTANT: If you are in any doubt about this prospectus, you should obtain independent professional advice. 中煙國際 (香港) 有限公司 China Tobacco International (HK) Company Limited (incorporated in Hong Kong with limited liability) GLOBAL OFFERING Number of Offer Shares : 166,670,000 Shares (subject to the Over- allotment Option) Number of International Offer Shares : 150,002,000 Shares (subject to adjustment and the Over-allotment Option) Number of Hong Kong Offer Shares : 16,668,000 Shares (subject to adjustment) Maximum Offer Price : HK$4.88 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 and subject to refund) Stock code : 6055 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 whatsoever 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 V — “Documents Delivered to the Registrar of Companies and Available for Inspection” to this prospectus, has been registered by the Registrar of Companies in Hong Kong as required by Section 38D of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. The Securities and Futures Commission of Hong Kong and the Registrar of Companies in Hong Kong take no responsibility for the contents of this prospectus or any other document referred to above. See “Risk Factors” for a discussion of certain risks that you should consider before investing in the Shares. The Offer Price is expected to be fixed by agreement between the Joint Global Coordinators (on behalf of the Underwriters) and us on the Price Determination Date. The Price Determination Date is expected to be on or around Friday, 31 May 2019 and, in any event, not later than Monday, 3 June 2019. The Offer Price will be not more than HK$4.88 and is currently expected to be not less than HK$3.88, unless otherwise announced. If, for any reason, the Offer Price is not agreed by Monday, 3 June 2019 between the Joint Global Coordinators (on behalf of the Underwriters) and us, the Global Offering will not proceed and will lapse. Applicants for Hong Kong Offer Shares must pay, on application, the maximum Offer Price of HK$4.88 for each Offer Share, together with a 1% brokerage fee, 0.0027% SFC transaction levy and 0.005% Stock Exchange trading fee, subject to refund if the Offer Price should be lower than HK$4.88 as finally determined. The Joint Global Coordinators (on behalf of the Underwriters) may, with our consent, reduce the number of Offer Shares being offered under the Global Offering and/or the indicative Offer Price range stated in this prospectus 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 the reduction in the number of Offer Shares and/or the indicative Offer Price range will be published in the South China Morning Post (in English), the Hong Kong Economic Times (in Chinese), and on the websites of the Stock Exchange at www.hkexnews.hk and our Company at www.ctihk.com.hk. Further details are set forth in “Structure of the Global Offering” and “How to Apply for Hong Kong Offer Shares”. The obligations of the Hong Kong Underwriters under the Hong Kong Underwriting Agreement to subscribe for, and to procure applications for the subscription for, the Hong Kong Offer Shares, are subject to termination by the Joint Global Coordinators (on behalf of the Hong Kong Underwriters) if certain grounds arise prior to 8:00 a.m. on the Listing Date. Such grounds are set forth in “Underwriting”. 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 of 1933, as amended, and may only be offered, sold, pledged or transferred outside the United States in accordance with Regulation S. 28 May 2019 EXPECTED TIMETABLE(1) If there is any change in the following expected timetable of the Hong Kong Public Offering, we will issue an announcement in Hong Kong to be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese). Hong Kong Public Offering commences and White and Yellow Application Forms available from ............................9:00 a.m. on Tuesday, 28 May 2019 Latest time to complete electronic applications under White Form eIPO service through the designated website at www.eipo.com.hk(2) ...................................11:30 a.m. on Friday, 31 May 2019 Application lists open(3) ..........................................11:45 a.m. on Friday, 31 May 2019 Latest time to lodge White and Yellow Application Forms ...............12:00 noon on Friday, 31 May 2019 Latest time to complete payment for White Form eIPO applications by effecting Internet banking transfers or PPS payment transfer(s) ........................................12:00 noon on Friday, 31 May 2019 Latest time to give electronic application instructions to HKSCC(4) ..................................................12:00 noon on Friday, 31 May 2019 Application lists close ...........................................12:00 noon on Friday, 31 May 2019 Expected Price Determination Date(5) ..........................Friday, 31 May 2019 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 • the 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 ..............................Tuesday, 11 June 2019 –i– EXPECTED TIMETABLE(1) A full announcement of the Hong Kong Public Offering containing the information above will be published on the website of the Stock Exchange at www.hkexnews.hk and our website at www.ctihk.com.hk from ..................Tuesday, 11 June 2019 Results of allocations in 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 from ........................Tuesday, 11 June 2019 Despatch of share certificates in respect of wholly or partially successful applications pursuant to the Hong Kong Public Offering on or before(6)(7)(8) .........................Tuesday, 11 June 2019 Despatch 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 .................Tuesday, 11 June 2019 Dealings in the Shares on the Stock Exchange expected to commence on .................................................9:00 a.m. on Wednesday, 12 June 2019 Notes: (1) Unless otherwise stated, all times and dates refer to Hong Kong local times and dates. Details of the structure of the Global Offering, including its conditions, are set out in “Structure of the Global Offering”. (2) You will not be permitted to submit your application under the White Form eIPO service through the 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. (3) If there is a “black” rainstorm warning or a tropical cyclone warning signal number 8 or above in force in Hong Kong at any time between 9:00 a.m. and 12:00 noon on Friday, 31 May 2019, the application lists will not open and close on that day. See “How to Apply for Hong Kong Offer Shares — 10. Effect of bad weather on the opening of the Application Lists” for further details. (4) Applicants who apply for Hong Kong Offer Shares by giving electronic application instructions to HKSCC should refer to “How to Apply for Hong Kong Offer Shares — Applying by Giving Electronic Application Instructions to HKSCC via CCASS”. (5) The Price Determination Date is expected to be on or about Friday, 31 May 2019, and in any event, not later than Monday, 3 June 2019. If, for any reason, the Offer Price is not agreed between the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and us on or before Monday, 3 June 2019, the Global Offering will not proceed and will lapse. –ii– EXPECTED TIMETABLE(1) (6) Share certificates for the Offer Shares will become valid certificates of title at 8:00 a.m. on Wednesday, 12 June 2019 provided that (i) the Global Offering has become unconditional in all respects; and (ii) neither of the Underwriting Agreements has been terminated in accordance with it terms. Investors who trade Shares on the basis of publicly available allocation details prior to the receipt of Share certificates or prior to the share certificates becoming valid certificates of title do so entirely at their own risk. (7) e-Refund payment instructions/refund cheques will be issued in respect of wholly or partially unsuccessful applications pursuant to the Hong Kong Public Offering and also in respect of wholly or partially successful applications in the event that the final Offer Price is less than the price payable per Offer Share on application.