Cross-border social e-commerce company Jihong Co., Ltd. (002803.SZ) from Xiamen, Fujian Province announced that its board of directors and board of supervisors have reviewed and approved an overseas listing proposal. The company plans to issue H-shares and apply for listing on the Main Board of the Hong Kong Stock Exchange, so as to further improve its capital strength, corporate governance level and core competitiveness. At present, it is actively discussing relevant work with relevant intermediary institutions. The number of H-shares that Jihong Co., Ltd. intends to apply for public offering shall not exceed 67.95 million shares, accounting for about 15% of the company's total share capital after the offering. In addition, the company will have the right to grant the underwriters an over-allotment option of up to 15% of the above-mentioned H-share offering size based on market conditions. Jihong Co., Ltd. also announced the appointment of Ernst & Young Hua Ming Certified Public Accountants (Special General Partnership) as the audit institution for this offering and listing. Jihong Co., Ltd. (002803.SZ) was founded in 2003 and listed on the Main Board of the Shenzhen Stock Exchange in 2016. As a "data-centric, technology-driven" cross-border social e-commerce enterprise, in recent years, the company has continuously deepened its To C business (precision marketing cross-border social e-commerce business) and steadily developed its To B business (providing comprehensive marketing, design and packaging services for leading fast-moving consumer goods (FMCG) customers). At present, it has become a leading cross-border social e-commerce enterprise in Southeast Asia and ranked fifth in the "2022 China Top 100 Printing and Packaging Enterprises". As of the midday closing, Jihong Co., Ltd. closed at RMB 18.41 per share, with a total market capitalization of approximately RMB 7.088 billion. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting Management Co., Ltd. is an onshore subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same actual controller. Both companies share the same actual controller and are under unified Chinese management. The companies comply with the laws of Hong Kong and the Chinese mainland.