Announces Details of Proposed Listing on the Main Board of SEHK


Announces Details of Proposed Listing on the Main Board of SEHK

Offers 250,000,000 Shares

Offer Price Ranges from HK$0.55 to HK$0.80 per Share

(Hong Kong, 29 November 2015) – Ten Pao Group Holdings Limited (“Ten Pao” or “the Group”), a leading one-stop manufacturer of switching power supply units in the PRC, announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”).

Offering Details

Ten Paointendsto offer a total of 250,000,000 shares, of which 90% are for International Placement. The remaining 10% of the Offer Shares, or 25,000,000 shares, are for the Hong Kong Public Offering. Assuming anoffer price fixed at HK$0.68per Share (being the mid-point of the Offer Price range of HK$0.55to HK$0.80per Share), the net proceeds from the proposed offering are estimatedto be approximately HK$124.9million.

The Hong Kong Public Offer begins on 30 November2015 (Monday) and will end at noon on 3 December2015 (Thursday). The final offer price and allotment results are expected to be announced on 10 December2015 (Thursday). Dealing of Ten Pao’s shares is expected to commence on the Main Board of SEHK on 11 Dec(Fri) 2015 under the stock code 1979. The shares are to betraded in board lots of 4,000 shares.

DBS Asia Capital Limited and Guosen Securities (HK) Capital Company Limited are the Joint Sponsers, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

Mr. Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao, said, “The proposed listing of Ten Pao on the Main Board of SEHK marks a major milestone in the Group’s development. The Group has more than 30 years of experience in the switching power supply industry and is equipped with strong R&D capabilities and a diverse customer base. The rapid revolution of the power tools, and the successive launch of new models of telecommunications equipment such as smartphones, in addition to the rapid growth of the market of electronic cigarettes, have all driven the demand of switching power supply units. We are optimistic about the Group’s prospects and plan to strengthen our position by leveraging our R&D capabilities and good relationship with the renowned brands.”

Investment Highlights

Diversified Product Portfolio

Ten Pao always pays close attention to trends and developments in the technology sector, continuously upgrades its technologies and provides a diversified range of products to meet market demand. Its production bases are located in Huizhou, Guangdong province and Hanzhong, Shaanxi province, the PRC. As at 30 June 2015, the Group offered more than 1,400 types of switching power supply units for consumer products which can be deployed in telecommunicationsequipment, media and entertainment equipment, electronic cigarettes and home electrical appliances. The Group also has more than 300 types of smart chargers and controllers that can be applied in different power tools for industrial use. It continues to launch new cutting-edge high-tech products such as wireless chargers, ultra-fast chargers, LED products and technologies, etc.

Strong R&D Capabilities and Stringent Quality Control System over Products

The Group boasts strong research and development capabilities. As a manufacturer which emphasizes safety, the Group understands the importance of safety, reliability and durability in power supplies and so it has set up a research and development centre as well as a testing laboratory. In 2008, the Group’s testing laboratory satisfied the CNAS accreditation criteria in the competence of testing and calibration laboratories (equivalent to ISO/IEC 17025:2005), making the Group one of the few power supply manufacturers in Guangdong province with a CNAS-accredited testing laboratory. The test reports issued by its CNAS-accredited laboratory are recognised by more than 80 accreditation bodies from approximately 70 countries, including the PRC, the United States and most countries in the European Union. Thus, the Group can conduct its own safety and energy-efficiency testing, which can reduce the time-to-market for products, lower operating costs and enhance competitiveness on one hand, and meet customers’ requirements of safety and reliability in products on the other hand.

Good Relationship with Renowned Brands

Ten Pao has a diverse customer base and has built a good relationship with renowned brands. Its products have been exported to more than 10 countries and regions including the European Union, the United States and South Korea through its worldwide sales network. At the same time, it has built a good business relationship with a number of world-renowned brands including Fortune 500 companies; professional power tools manufacturer BOSCH Group; Guang Dong OPPO Mobile Telecommunications Corp., Ltd (OPPO Group), a rising mobile phone brand; and leading communication technology brand TCL Group, Flextronics Group and Stanley Black & Decker, Inc.

Vertically Integrated Production Model

The Group’s success is also built on its vertically integrated production model which extends from research and development, product design, procurement of raw materials, production, quality control, sales and delivery to provision of after-sales services. Such a model has provided the Group with operational flexibility and enabled the Group to control and manage its product quality, production cost and delivery time. Benefiting from the vertically integrated production model, the Group is able to adapt to changes in market demand and provide its customers with safe and reliable products.

Future Strategies

In the fu

ture, Ten Pao Group will expand the production scale at its existing manufacturing bases; increasing automation in production and installing new automated machinery and equipment to bolster the Group’s designed production capacity. The Group will strengthen its sales and marketing efforts and expanding the customer base in the PRC and internationally on one hand, and strengthen its research and development capabilities on the other. The Group also plans to pursue strategic expansion opportunities overseas, in order to enhance its position as one of the major switching power supplyunitmanufacturers in the PRC.

Use of Proceeds

Assuming the offer price is fixed at HK$0.68per Share (being the mid-point of the proposed Offer Pricerange of the offer price of HK$0.55to HK$0.80per Share), the net proceeds are estimated to be approximately HK$124.9million and will be used as follows:

Financial Performance

For the three months ended 30 September 2015, the Group’s financial performance has recorded a strong growth. Revenue and gross profit were approximately HK$662 million and HK$133 million, respectively, representing a year-on-year increase of approximately 18.1% and 21.8% respectively.

- End -

About Ten Pao Group Holdings Limited

Ten Pao Group Holdings Limited is a leading one-stop manufacturer of switching power supply units in the PRC and has more than 30 years of experience in the power supply industry. Its clienteles include many leading and fast growing international brands. Ten Pao is equipped with strong R&D capabilities and is one of the few manufacturers that have its own CNAS-accredited testing laboratory, which enables it to transform with the change of the technology market while it develops and producesdiversified products catering to the specifications of clients’ new products.

For media enquiries, please contact:

Strategic Financial Relations Limited

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