Porda Havas assisted Shanghai Conant Optical Technology (2276.HK) to successfully land in Hong Kong capital market
Latest Update:
16 th December, 2021

December 16, 2021, China's leading manufacturer of resin spectacle lenses, Shanghai Conant Optical Technology Group Co., Ltd. ("Shanghai Conant Optical Technology" or the "Company", stock code: 2276.HK, together with its Subsidiaries, collectively referred to as the "Group"), was officially listed on the main board of the Hong Kong Stock Exchange Limited ("HKEx") this morning, with each board lot of 500 H shares.

A total of 121,600,000 H shares were offered by Shanghai Conant Optical Technology in this global offering. The portion of the International Offering was slightly over-subscribed, representing approximately 1.12 times the 109,440,000 H Shares initially available for subscription in the International Offering. The portion of the Hong Kong Public Offering was also slightly over-subscribed, representing approximately 1.78 times the total number of 12,160,000 H shares available for subscription.

As the company's financial public relations consultant team, Porda Havas participated in the maintenance of domestic and foreign media relations, the design and production of listing publicity materials, and the holding of listing celebration activities during the company's listing process, helping the company to successfully list in Hong Kong.

Mr. Fei Zhengxiang, founder, chairman and general manager of Shanghai Connaught Optical Technology Group Co., Ltd., said: "We are very honored to receive the support and love of our investors. The company's foothold in the international capital market has laid a solid foundation for the company's long-term development. Looking forward, we will strive to increase production capacity, strengthen product development capabilities, expand customer base in the Chinese market and promote our brand, as well as strengthen technology and production. Process technology, consolidate our market position in China's resin glasses lens manufacturing industry, increase market share and seize huge market opportunities, and create maximum value for shareholders and investors."

About ShanghaiConant Optical Technology Group Co., Ltd.

ShanghaiConant Optical Technology is a leading manufacturer of resin glasses lenses in China. According to the Frost & Sullivan Report, in 2020, in terms of resin spectacle lens production, the Group ranked first among Chinese acrylic lens manufacturers, with a market share of approximately 8.5%; in 2020, in terms of resin spectacle lens export value, The Group is also the largest exporter in China with a market share of approximately 7.3%. The Group is principally engaged in the production and sales of standardized and customized lenses, which were sold in over 80 countries during the Track Record Period, including but not limited to China, the United States, Japan, India, Australia, Thailand, Germany and Brazil. The Group has production facilities in three production bases, which are located in Shanghai and Jiangsu, China and Sabae, Japan, and are able to manufacture resin spectacle lenses of different specifications according to customers' requirements.

Latest Update:
16 th December, 2021