Huaxin Cement Co., Ltd. (“Huaxin Cement”) is a comprehensive building material enterprise engaged in the production and sale of cement, clinker, concrete and aggregate, and operating businesses of environmental protection, equipment manufacturing, EPC engineering and cement-based new building materials. Huaxin Cement has over a century of doing business in the PRC and has been a public company listed on the Shanghai Stock Exchange since 1994.

The listing of the H shares of Huaxin Cement (Stock code: 6655.HK and 600801.SH) on the Main Board of The Stock Exchange of Hong Kong Limited on March 28, 2022 was by way of introduction and the change of listing venue of the B shares of Huaxin Cement from the Shanghai Stock Exchange to Hong Kong Stock Exchange, and was the first deal of its kind from Shanghai. Complexities of the transaction included the involvement of a cash option offered to all B shareholders Huaxin Cement and for Holcim Limited, the controlling shareholder of Huaxin Cement, to sell down some of its B shares by way of a private placement to ensure that the public float of H shares immediately upon listing meets the required 15% threshold.

The listing of the H shares of Huaxin Cement on March 28, 2022 consisted of approximately 734.7 million H shares opening at a price of HK$14.74 per H share. Huaxin Cement also has 1,361.9 million A shares on the Shanghai Stock Exchange which opened at a price of RMB17.83 on the same date.

Fangda Partners acted as Hong Kong counsel to the sole sponsor, Shenwan Hongyuan Capital (H.K.) Limited. The Fangda team was led by partners Peter Chen and Arman Lie, and the team members comprised Jonathan Wallenberger, Brian Kwok, Tracy Ho, Loy Chen, Lizzie Cheong, Jennifer Chen, Ivy Chung, Andrew Chan, Lizzie Cheong and John Cheung.