02695 印象大紅袍
IMPRESSION DHP
IMPRESSION DHP
| Register Close | 2025/12/17 IPO Closing in 4 Days |
| Listing Date | 2025/12/22 |
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IPO Detail
COMPANY PROFILE
Impression Dahongpao Co. is a state-owned cultural tourism service provider headquartered in Mount Wuyi, Fujian Province. According to the report, the Group ranked the eighth in terms of sales revenue generated by cultural tourism performance programs in the cultural tourism performance market in China in 2024. The Group’s business comprises: shows and performance services; Impression Cultural Tourism Town business; and Chatang hotel business.
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The Group’s shows and performance services segment comprises three main offerings: its signature show, the Impression — Dahongpao Scenery Show; its new show Moonlight over Mount Wuyi which was launched in May 2025; and the provision of customised performances for corporate customers, which typically engaged it to perform at their special corporate events, such as team-building activities and annual meetings.
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The Group’s primary focus has been its signature show, the Impression — Dahongpao Scenery Show. It is the first large-scale outdoor scenic performance in Fujian Province, and has been the principal generator of the Group’s revenue.
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As at 2 December 2025, the Group had performed the show for over 6,700 times and attracted more than 9.4 million audience since the debut of its show in 2010.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Hotels & Restaurants & Leisure |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 36.10M H shares |
| No. of International Offer Shares | 32.49M H shares |
| No. of HK Offer Shares | 3.61M H shares |
| Offer Price | $3.47 - $4.10 |
| Stock Code | 2695 |
| Sponsor(s) | China Industrial Securities International Capital Limited, Halcyon Capital Limited |
| Underwriter(s) | China Industrial Securities International Capital Limited, Halcyon Securities Limited, ABCI Securities Company Limited, BOCI Asia Limited, CCB International Capital Limited, China Sunrise Securities (International) Limited, CMB International Capital Limited, Futu Securities International (Hong Kong) Limited, GLAM Capital Limited, Huafu International Securities Limited, ICBC International Securities Limited, Patrons Securities Limited, Phillip Securities (Hong Kong) Limited, Tiger Faith Securities Limited, TradeGo Markets Limited, uSmart Securities Limited, Zheshang International Financial Holdings Co., Limited |
TIME TABLE
| Application Period | Dec 12 (Fri) - noon, Dec 17 (Wed) |
| Price Determination Date | Dec 18 (Thu) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Result Announcement Date | On or before Dec 19 (Fri) |
| Result Announcement Date | On or before Dec 22 (Mon) |
| Dealings in Shares commence on | Dec 22, 2025. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $3.47 - $4.10 |
| Capitalization (H Shares) | 125.00M - 148.00M |
| NAV / share ($) | $2.23 - $2.38 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 3.79, the net proceeds raised would be HKD 110.40M, of which |
| 23% : Upgrade for signature Impression — Dahongpao Scenery Show |
| 28.6% : Innovating Impression Cultural Tourism Town |
| 20% : Acquiring another cultural tourism performance project |
| 11% : Promotional efforts to enhance brand image and increase business presence |
| 7.4% : Upgrade of ticket management system and other software |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).