Shanghai Fudan Microelectronics Group Company Limited (Stock Code: 1385.HK) (“Shanghai Fudan” or “Company”) successfully placed 42,000,000 new H Shares on 16 October 2017, raising net proceeds of approximately HK$218.4 million. SW acted as the Hong Kong legal advisors, providing comprehensive legal advice on the H Share placing.

The Company is in the business of designing, developing and sales of integrated circuits (“IC”) and provision of total solutions. The Company’s main products are its Security and Identification IC Chips (which are integral components in public transit cards, resident cards, social security cards, citizen cards, financial IC cards, and electronic payments etc.), Smart Meter ASIC Chips, Non-volatile Memory Chips, Specific Analog Circuits and IC Testing Services.

Shanghai Fudan was incorporated as a limited company in the PRC in July 1998. In 4 August 2000, the Company made an initial public offering of its H Shares in the Growth Enterprise Market (“GEM”) of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). In 8 January 2014, with approval from the Stock Exchange, Shanghai Fudan transferred its H Shares listing from GEM to the Main Board of the Stock Exchange.

Our team was led by our partners Eric Lui and Rodney Teoh, supported by Ellie Cheung (associate), Veronica Cheung (associate) and Wilfred Cheng (trainee solicitor).

This newsletter is for information purposes only. Its content does not constitute legal advice, and should not be treated as such. Stevenson, Wong & Co. will not be liable to you in respect of any special, indirect or consequential loss or damage.

Please contact our Mr. Eric Lui or Mr. Rodney Teoh for any enquiries or further information.

SW has advised the sponsor and underwriters of Wealthy Way Group Limited (03848) (“Wealthy Way”) in the successful listing of Wealthy Way on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares of Wealthy Way were listed on the Stock Exchange on 21 July 2017. 36 million shares were offered, among which 32.4 million were offered for placing and 3.6 million for subscription by the public. The final offer price was HK$5.56 per offer share and the net proceeds amounted to approximately HK$173.1 million.

Wealthy Way is a financial leasing and advisory services provider based in Shenzhen, Guangdong Province, the PRC, primarily specialising in the provision of financial leasing services and advisory services for customers in the PRC. Since 2014, it has focused on certain specific industry segments with growth potential, such as airlines, health care service providers and energy saving equipment providers.

Please contact our Mr. Hank Lo and Ms. Erica Cheng for any enquiries or further information about this transaction.

SW acted as legal advisers to Hang Chi Holdings Limited (Stock Code: 08405) (“Hang Chi”) to list on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares of Hang Chi were listed on the Stock Exchange on 12 July 2017. 100 million shares were offered, among which 50 million were offered for placing and 50 million for subscription by the public. The final offer price was HK$0.72 per offer share and the net proceeds amounted to approximately HK$45.5 million.

Hang Chi is an established operator of elderly residential care homes in Hong Kong providing comprehensive residential care home services such as accommodation with dietician-managed meal plan, caretaking assistance, regular medical consultation and therapy through the network of “Shui On瑞安” and “Shui Hing瑞興” branded elderly residential care homes across four districts in Hong Kong.

Please contact our Mr. Hank Lo and Ms. Erica Cheng for any enquiries or further information about this transaction.

SW has advised the sponsor and underwriters of Royal Deluxe Holdings Limited (Stock Code: 3789) (“Royal Deluxe”) in its successful listing of shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

Photo of Mr. Joseph Wang, chairman and CEO of Royal Deluxe Holdings Limited (on the right) and our Rodney Teoh (on the left)

The shares were listed on the Stock Exchange on 8 February 2017. 300 million shares were offered. The final offer price was HK$0.56 per offer share and the net proceeds amounted to approximately HK$99.6 million.

Royal Deluxe and its subsidiaries (the “Group”) are a major subcontractor specialising in providing formwork erection and related ancillary services in Hong Kong. The Group has participated in a number of large-scale construction projects. Its direct customers are main contractors of building construction and civil engineering projects while its ultimate customers are owners of such projects, including the Hong Kong government, a public transport operator, a theme park and resort operator and property developers.

Photo of Mr. David Lo, Associate Director of Frontpage Capital Limited (on the right) and our Rodney Teoh (on the left)

We acted for Frontpage Capital Limited as the sponsor and joint lead manager, Huajin Securities (International) Limited and Pacific Foundation Securities Limited as joint lead managers, as well as other underwriters.

Our team was led by our partners Eric Lui and Rodney Teoh, supported by Phiona So (associate), Veronica Cheung (associate), Jensen Chang (trainee solicitor), Connie Wu (legal executive) and Jane Yip (paralegal).

Please contact our Eric Lui or Rodney Teoh for any enquiries or further information about this transaction.

SW acted as legal advisers to Morris Holdings Limited (Stock Code: 1575) (“Morris”) to list on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares were listed on the Stock Exchange on 12 January 2017. 250 million shares were offered, among which 225 million were offered for international placing. The final offer price was HK$1.05 per offer share and the net proceeds amounted to approximately HK218.6 million.

Morris principally engages in the manufacturing of sofas and sofa covers in the PRC with an integrated design, manufacturing, sales and marketing operation through OEM, ODM and OBM business models. Morris is one of the leading and long established manufacturers of sofas and sofa covers in the PRC sofa export industry, and is one of the top three PRC upholstered sofa manufacturers in terms of export value to the U.S. in 2015. Morris sells a wide range of sofas including stationary sofas and motion sofas under the brand “Morris Holdings Limited” and sofa covers predominantly to overseas markets including the U.S., Canada, United Kingdom, Australia, Ireland and Korea and other furniture products domestically in its direct sale stores under the brand “Morris Zou”.

Photo of our Rodney Teoh (on the left) and Mr. Zou Gebing, Chairman of Morris Holdings Limited (on the right)

Please contact our Eric Lui or Rodney Teoh for any enquiries or further information about this transaction.

SW acted as a legal adviser to Gudou Holdings Limited (08308.HK) (the “Company”) to list on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The shares were listed on the Stock Exchange on 9 December 2016. Two hundred and sixty million shares were offered. The final placing price was HK$0.6 per placing share.

The Company is a hot spring hotel operator and a tourism property developer in the PRC, principally engaged in the operation and management of the hot spring resort and hotel facilities at Gudou Hot Spring Resort; and the development and sale of tourism properties located at Gudou Hot Spring Resort. The “Gudou” brand is a well-known hot spring resort in the PRC. Gudou Hot Spring Resort has been accredited as a National Tourist Attraction — Grade AAAA by the National Tourist Attraction Quality Rating Committee since 2005.

Please contact our Hank Lo for any enquiries or further information about this transaction.