18 January 2018
CICC Assists Macalline in Listing on A-Share Main Board as Sole Sponsor and Lead Underwriter

Red Star Macalline Group Corporation Limited (“Macalline” or “Company”, Stock Code: 601828 ) successfully listed its A-share stocks on the Shanghai Stock Exchange on January 17th, 2018, becoming the first “A+H” company in Chinese home improvement and furnishings industry. The offering is the largest A-share IPO among Chinese retailers in home improvement and furnishings, and the largest A-share IPO by a private company since 2017.

Macalline is the top leading company in Chinese home improvement and furnishings industry, with undoubted competitive advantages in retailing network, service quality, innovation ability and brand image. As of June 30, 2017, the Company had 214 malls in 150 cities of 28 provinces, municipalities and autonomous regions, far surpassing the others in terms of number of malls, operating area and geographical coverage. Macalline has focused on satisfying the consumer upgrading demands of the New Middle Class, persisted in providing excelsior services for customers and leading the industry revolution with innovation. Through initiating the chain mode in home improvement and furnishings with situational exhibition and experiential shopping, Macalline has created today’s prosperous “New Retailing” pattern in Chinese home improvement and furnishings industry.

The deal has proved CICC’s excellent performance capability for high-quality private enterprises. Backed by the alliance of domestic and overseas platforms, CICC has provided premium, comprehensive investment banking services for Macalline since 2012, among which include H-share IPO, A-share IPO and varieties of debt financing domestic and abroad, and assisted the Company to accomplish listing in Hong Kong and Shanghai and build up multiple levels of financing channels in both domestic and overseas capital markets, and therefore laying a solid foundation for the accelerating strategic expansion and forward development of the Company. During the long-term cooperation, CICC closely monitored market and regulatory dynamics and safeguarded the client’s core interests, addressing the Company’s capital demand and supporting its business development with professional capital operation advice and high-quality investment banking services, which fully embodied the value of a top-tier investment bank.

CICC has always been fulfilling its core value of “Chinese Roots and International Reach” and providing to clients high quality financial value-adding services as a world-class investment bank. On the basis of its unparalleled capital market experience and close interaction of domestic and overseas business, CICC will continuously contribute to the capitalization development of Chinese enterprises.