FIT Hon Teng Listed on HKEX, CICC Acts as Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager

The listing of FIT Hon Teng Limited (“FIT” or “the Company”) on the Main Board of the Stock Exchange of Hong Kong was successfully completed on July 13, 2017 (Ticker: 6088.HK). All Offer Shares are primary shares and amounted to 990 million shares before the exercise of Over-allotment Option, representing 15.04% of enlarged share capital. Assuming the Over-allotment Option is fully exercised, the Offer Share increases to 1,139 million shares, representing 16.91% of enlarged share capital. The issuing price is HK$2.7 per share. The transaction value is HK$2,673 million (US$345 million) pre-greenshoe and HK$3,074 million (US$396 million) post-greenshoe. FIT is the first leading interconnect solution provider listed in Hong Kong, representing a remarkable milestone for the interconnect solution industry. CICC acted as the Joint Sponsor, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager of this IPO.

FIT is a globally leading interconnect solution provider under Hon Hai Group from Taiwan. According to Frost & Sullivan, FIT ranks fourth in the global connector market and ranks first in Greater China market in terms of 2016 revenue. In addition, across different market segments, FIT ranks first and second respectively in global computers and consumer electronics and global mobile and wireless devices end markets FIT is truly an industry leader and is the only interconnect solution provider which is rooted in Asia with a global layout.

FIT’s interconnect solutions are widely applied in a range of sectors including computers and consumer electronics, mobile and wireless devices, communication infrastructure (including cloud computing), and automotive, industrial and medical end markets. FIT has a strong base of customers from all over the world, including internationally renowned electronic product brand customers.

With a deep understanding of the interconnection solution industry and customer’s situation, CICC helped FIT to discover a full-fledged investment highlights for its debut in the capital market. International placing was moderately over-subscribed and HKPO was 2.39x oversubscribed achieving the ultimate success of listing on the Main Board of the Stock Exchange of Hong Kong.

With its rich experience in project execution and strong edge on comprehensive service, CICC has won high praise and extensive recognition from the client in this deal. As a leading investment bank with “China Roots, International Reach”, CICC will continue to utilize its capital market experience as well as its seamless cooperation of onshore and offshore business to provide continuous support to Greater China companies with the introduction of global investors, reaching international capital market, and business development.