Xin Point Holdings Limited  (1571.HK), the largest exporter of automotive plastic electroplated components in the PRC in terms of revenue in 2016, commenced trading today on the Main Board of HKEx.

BNP Paribas Securities (Asia) Limited is the Sole Sponsor and Sole Global Coordinator, BNP Paribas and ABCI Capital Limited are the Joint Bookrunners and BNP Paribas and ABCI Securities Company Limited are the Joint Lead Managers of the Global Offering.

Mr. Ma Xiaoming, Chairman and Executive Director of Xin Point Holdings, said, "The market responsed very well to our Initial Public Offer, especially the Hong Kong Public Offering which is over-subscribed by approximately 590%. The outstanding results strongly proved the high market recognition of Xin Point and revealed the full confidence of the investors on the growth of automotive plastic electroplated components market and the Company prospect. Going forward, we will further expand the global platform and capacity, optimize cost, strengthen R&D capability and electroplating technology and actively pursue acquisition opportunities to promote the long-term and stable development of our business, in order to maximize returns to our shareholders."

Xin Point Holdings is a leading automotive plastic electroplated components supplier in China, serving leading international Tier 1 suppliers and OEMs. According to the Frost & Sullivan Report, in 2016, the Group was the second largest supplier and the largest exporter of automotive plastic electroplated components in the PRC in terms of revenue. From 2014 to 2016, more than 50% of its revenues were contributed by exports to the US, Europe, Japan and other regions. Going forward, the Group will continue to expand its production base in China, and will also establish a new production base in Mexico.