19 October 2020
CICC Facilitates Dongpeng Holdings’ IPO on SME Board

On October 19, 2020, Guangdong Dongpeng Holdings Co., Ltd. (“Dongpeng Holdings” or the “Company”, stock code: 003012.SZ) was listed on the SME Board of the Shenzhen Stock Exchange. CICC acted as Sole Sponsor and Lead Underwriter in the transaction.

In this transaction of Dongpeng Holdings, CICC for the first time facilitates a client to complete A-share listing following H-share privatization. After the issuance and listing, Dongpeng Holdings becomes the largest listed ceramic tile company by revenue in A-share market. Dongpeng Holdings, a well-known ceramic tile and sanitary ware manufacturer, is another influential brand client that CICC has served in the big consumer areas.

Dongpeng Holdings is one of the largest manufacturers of ceramic tile and sanitary ware in China, providing related products and overall solutions. Leveraging the leading-edge products and the innovative business model, Dongpeng Holdings is committed to becoming a domestic leading provider of overall home solutions and enjoys a sound brand reputation among consumers. As of August 2020, the Company, based on its strong technical strength, has obtained 1,051 national patents in China and one patent overseas, and participated in drafting up to 47 standards for related products. With the edges in product systems such as vitrified tiles, glazed tiles, antique-inspired tiles, exterior wall tiles, sanitary ware and crystal ceramic, the Company has won honors including the “Guangdong Well-known Trademark”, “AAA-rated Enterprise by Credit Evaluation” and “Golden Soil Award” issued by China Ceramic Industry Association. Dongpeng Holdings, by virtue of its outstanding product innovation and R&D capabilities, has seen an expanding business size and a growing market share in the domestic market, which brings the Company a leading position in the middle- to- high-end ceramic tile market and the sanitary ware market.

As Sole Financial Advisor to the joint acquirers of Dongpeng Holdings’ H-share privatization, and Sole Sponsor and Sole Lead Underwriter of its A-share IPO, CICC accurately captured its subsequent capital operation demand. Since 2016, CICC has served the Company for more than four years. CICC provided the proposal of privatization in the rapidly-growing stage of the Company, and then facilitated the Company to dismantle red-chip structure and complete A-share IPO as quickly as possible, enabling the Company to connect to high-quality capital market resources, and enhance the market position as the “Big National Brand”. During the deal process, CICC, based on our comprehensive and profound understanding of the Company and the market environment, used our professional ability in execution and communication to overcome multiple complex problems. Our continuous and effective communication was fully trusted by the client, ensuring the success of the deal, and demonstrating the professionalism of CICC as an investment bank that offers high-quality and full-spectrum services.

In the future, CICC will uphold the values of “Chinese Roots and International Reach” and “By the People and For the Nation” to focus on the fundamental demands of enterprises. CICC is devoted to leveraging our extensive capital market experience and professional investment banking capability to make contributions to the long-term growth of private enterprises in China and the internal circulation of China’s economy.