Shandong Baogai New Materials Launches HK GEM IPO, Offering up to 14.47 Million H Shares

Bulletin Express
06/29

Shandong Baogai New Materials Technology Co., Ltd. has filed for a listing on the Growth Enterprise Market (GEM) of The Stock Exchange of Hong Kong by way of a Share Offer comprising up to 14.47 million H shares (subject to the Offer Size Adjustment Option).

Key Offering Terms • Total Offer Shares: 14.47 million H shares, nominal value RMB1.00 each. • Tranche Split: 90% (13.02 million) for placing; 10% (1.45 million) for the Hong Kong public offer, both subject to reallocation. • Offer Size Adjustment Option: Up to 15% (2.17 million shares) may be reallocated to the public tranche if demand triggers a claw-back mechanism. • Indicative Price Range: HK$6.15–8.51 per H share. Applicants must apply at the maximum price of HK$8.51 per share (plus 1.0118% in fees and levies) and will receive a refund if the final price is lower. • Minimum Application: 500 shares; board lot size is 500 shares. • Stock Code: 8090.

Timetable Highlights (Hong Kong Time) • Public offer period: 09:00, 29 Jun 2026 – 12:00, 3 Jul 2026. • Price determination: by 12:00, 6 Jul 2026. • Allotment results & final pricing announcement: on or before 23:00, 7 Jul 2026. • Expected listing and start of trading: 09:00, 8 Jul 2026.

Application & Settlement • Fully electronic subscription: via White Form eIPO (www.eipo.com.hk) or HKSCC EIPO through brokers/custodians using the FINI system; no paper forms accepted. • Successful H share certificates will be dispatched—or shares credited to CCASS—on or before 7 Jul 2026. • Dealings will settle in CCASS on a T+2 basis; shares are eligible for CCASS clearing from first trading day.

Governance The board is led by Chairman and Executive Director Mr Liu Zhentao, with four additional executive directors and three independent non-executive directors.

The IPO is jointly managed and underwritten by Oriental Patron Securities as Sole Sponsor, Sole Overall Coordinator and Sole Global Coordinator, alongside other joint bookrunners and lead managers.

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