According to the new overseas listing and filing regulations for domestic companies that came into effect on March 31, 2023, companies chose to list H-shares in Hong Kong. The original path of big and small is a thing of the past. Companies listed overseas can directly submit a prospectus, and the roadmap will be replaced by a “filing notice”.
On September 14, the International Cooperation Department of the China Securities Regulatory Commission issued a notice concerning the overseas issuance and listing of Fenghua Qiushi Group Holdings Limited (Fenghua Qiushi Group Holdings Limited) (China Joint Letter (2023) No. 1315). According to the overseas listing filing status table issued by the China Securities Regulatory Commission, Fenghua Qiushi's application type is indirect overseas listing. The filing entity is Shanghai Fenghua Qiushi Culture Media Co., Ltd., and the filing acceptance date is May 12, 2023. Doujin Finance is its sole sponsor, and Tongshang is its domestic lawyer.
The details of the filing notice are as follows:
Fenghua Qiushi Group Holdings Limited (Fenghua Qiushi Group Holdings Co., Ltd.):
The filing materials for your company's initial overseas issuance and listing have been received. According to the “Securities Law of the People's Republic of China”, “Trial Measures for the Administration of Overseas Issuance of Securities and Listing by Domestic Enterprises”, etc., I will notify the filing matters as follows:
1. Your company intends to issue no more than 115,000,000 shares of foreign-listed common shares and be listed on the Hong Kong Stock Exchange.
2. From the date the filing notice is issued until the end of this overseas offering and listing, if an important matter occurs in your company, it shall pass the China Securities Regulatory Commission's filing management information system report in accordance with the relevant regulations on overseas issuance and listing of domestic enterprises.
3. Within 15 working days after your company has completed overseas issuance and listing, you should report the issuance and listing status through the China Securities Regulatory Commission's Filing Management Information System. Your company should strictly abide by relevant domestic and foreign laws, regulations and rules during the overseas issuance and listing process.
4. If your company has not completed overseas distribution and listing within 12 months from the date of issuance of this filing notice and plans to proceed further, the filing materials should be updated.
This filing notice only confirms the company's overseas issuance and listing registration information. It does not indicate that the China Securities Regulatory Commission has made a substantive judgment or guarantee on the investment value of the enterprise's securities or investors' returns, nor does it indicate that the China Securities Regulatory Commission guarantees or determines the authenticity, accuracy, or completeness of the enterprise's filing materials.
International Cooperation Department of the China Securities Regulatory Commission
2023/9/14
According to the listing rules of the Hong Kong Stock Exchange, companies are required to submit a “filing notice” at least 4 business days before the hearing and approval date, meaningcolorful autumn fruitsPreconditions for a Hong Kong listing hearing have been obtained, or a listing hearing may soon be held on the Hong Kong Stock Exchange.
$FengHua Qiushi (810160.HK)$, submitted a prospectus on the Hong Kong Stock Exchange on April 20, 2023. Its main listing agency team includes: Doujin Finance as its sole sponsor and overall coordinator; Ernst & Young as its auditor; China Business as the company's Chinese lawyers; Fan Ji Luo Jiang and Fang's Hong Kong lawyers; Jingtian Gongcheng and Li Zhicong for their brokerage firm in China and Hong Kong for their brokerage firm, respectively; and Insight Consulting as their industry adviser.
colorful autumn fruits, founded in 2010, as a music and entertainment service provider that has been operating in China for more than 10 years, mainly focusing on self-operated onesGrant music copyright and music recording services, as well as concert hosting and production, artist management, etc.. According to the Insights Advisory Report, based on the revenue generated from the grant of music copyright licenses and recordings in 2022,colorful autumn fruitsIt ranked 14th among music record companies, with a market share of about 0.6%; among music record companies headquartered in China,colorful autumn fruitsIt ranked 3rd, with a market share of about 1.5%. As of April 9, 2023, the company's music library has 907 musical works, including rock, pop, pop rock, folk music, etc. As of the same day, Fenghua Qiushi Company has managed 16 musical artists and 10 trainee entertainers, including Black Panther, Mr. Luhan, Mr. Hao Yun, Hulu Tuan, Mr. Liu Wei, Ms. Xu Mingming, Ms. Wang Ruolei, Ms. Li Siyu, Uncle Super, Mr. Dong Youlin, Ms. Wei Chen, Ms. Zhang Keyu, Ms. Wang Jingjing, and Ms. Ahedipal Aleikamu. According to the prospectus,colorful autumn fruitsThe business is largely dependent on the core artist Mr. Luhan. In fiscal year 2020, fiscal year 2021, and fiscal year 2022, the amount of revenue directly attributable to Mr. Luhan accounted for about 21.2%, 9.3%, and 16.2% of the company's total revenue, respectively.
Link to Fenghua Qiushi's prospectus:
https://www1.hkexnews.hk/app/sehk/2023/105322/documents/sehk23042000009_c.pdf
