Leju Finance Liu Zhiying On November 10, Laopu Gold Co., Ltd. (hereafter: Laopu Gold) submitted a prospectus on the Hong Kong Stock Exchange to be listed on the Hong Kong Main Board. CITIC Construction Investment International is the sole sponsor.

Before the IPO, in the shareholder structure of Laopu Gold, Xu Gaoming directly held 22.39% of the shares; Xu Dongbo (son of Xu Gaoming) directly held 10.04% of the shares; Xu Gaoming and Xu Dongbo each owned 70% and 30% of Hongqiao Jinji, holding 39.33% of the shares; Tianjin Jincheng (equity incentive platform), where Hongqiao Jinji is a general partner, held 6.51% of the shares; Xu Gaoming and Xu Dongbo's father and son signed a joint control confirmation. They are regarded as concerted actors, holding a total of 78.27% of the shares.

In addition, Tianjin Jinji (equity incentive platform, Liu Qiong is the general partner), holding 3.05% of shares; Tianjin Jinyi (equity incentive platform, Liu Zhi is the general partner), holding 0.88% of shares; Tianjin Jinyong (equity incentive platform, Ma Le is the general partner), holding 1.11%; Tianjin Jindi (equity incentive platform, Wang Jianming is the general partner), holding 1.82%; Chen Guodong, holding 10.57% of shares; Suzhou Hei Ant (Gongqingcheng Yiyuan is the GP, more than 20 other LPs), holding 1.86% of the shares; Suzhou Yimei (Komsomolsk-shi Yiyuan is GP, BA Capital is one of the LPs holding 99.96% of the shares) and holds 1.49% of the shares; Fosun Hanxing, which is ultimately controlled by Yuyuan Garden Co., Ltd. (600655.SH), holds 0.96% of the shares.

It is worth noting that three days before submitting its statement to the Hong Kong Stock Exchange, the old gold store carried out a round of capital increases. On November 7, 2023, Laopu Gold's shareholders voted to increase the company's share capital from 136,500,000 shares to 142,642,500 shares, and the registered capital from RMB 136.5 million to RMB 142,642,500. Three subscribers, including Suzhou Hei Ant, Suzhou Yimei, and Fosun Hanxing, pledged 6,142,500 shares of additional share capital at a total cost of RMB 225 million.

The board of directors of Laopu Gold consists of 7 directors, including 4 executive directors and 3 independent non-executive directors. Executives include: Executive Director, Chairman, General Manager and Director of Product Development Xu Gaoming; Executive Director and Deputy General Manager Feng Jianjun; Xu Rui, Executive Director and General Manager of Sales Department; and Jiang Xia, Executive Director, Director of Quality Inspection, and Supervisor of Yueyang Laopu.

Among them, Xu Gaoming is the founder of Laopu Gold. Before founding Laopu Gold, Xu Gaoming was the general manager of the Fisheries Building of the Yueyang Animal Husbandry and Fisheries Bureau from January 1992 to December 1993; from August 1984 to December 1991, he was a clerk at the Yueyang Animal Husbandry and Fisheries Bureau. Graduated from Huazhong Agricultural University through a correspondence course in June 1988 and obtained a college degree in freshwater fishery.

In terms of performance, from 2020 to the first half of 2023, Laopu Gold's operating income was 886 million yuan, 1,265 million yuan, 1,294 million yuan and 1,418 million yuan, respectively. The corresponding net profit was 88 million yuan, 114 million yuan, 95 million yuan and 197 million yuan, respectively.

According to research, Laopu Gold was founded in 2016. Its legal representative is Xu Gaoming, with a registered capital of 142 million yuan. Its business scope includes: product design; sales of gold and silver products, jewelry, handicrafts; and intangible cultural heritage protection.