View Financial HealthBaiwang 배당 및 자사주 매입배당 기준 점검 0/6Baiwang 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률-6.4%자사주 매입 수익률총 주주 수익률-6.4%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • Mar 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: CN¥0.04 loss per share (improved from CN¥2.73 loss in FY 2024). Revenue: CN¥728.6m (up 11% from FY 2024). Net loss: CN¥9.63m (loss narrowed 98% from FY 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 38% growth forecast for the IT industry in Hong Kong.공시 • Mar 25Baiwang Co., Ltd., Annual General Meeting, Jun 26, 2026Baiwang Co., Ltd., Annual General Meeting, Jun 26, 2026.New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.공시 • Mar 12Baiwang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026Baiwang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026공시 • Nov 28+ 1 more updateBaiwang Co., Ltd. Announces CEO Changes, Effective November 28, 2025The board of directors of Baiwang Co., Ltd. announced that Mr. Fu Yingbo ("Mr. Fu"), due to his personal career planning, has tendered his resignation as chief executive officer of the company with effect from November 28, 2025. Mr. Fu has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") and the Stock Exchange. The Board announced that on November 28, 2025, following consideration and approval by the Board, Ms. Chen Jie, Chairlady of the Board and executive Director, has been appointed as the chief executive officer of the Company with effect from November 28, 2025.Reported Earnings • Oct 02First half 2025 earnings released: EPS: CN¥0.016 (vs CN¥3.18 loss in 1H 2024)First half 2025 results: EPS: CN¥0.016 (up from CN¥3.18 loss in 1H 2024). Revenue: CN¥347.6m (up 24% from 1H 2024). Net income: CN¥3.72m (up CN¥449.2m from 1H 2024). Profit margin: 1.1% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Hong Kong.Reported Earnings • Aug 21First half 2025 earnings released: EPS: CN¥0.016 (vs CN¥3.18 loss in 1H 2024)First half 2025 results: EPS: CN¥0.016 (up from CN¥3.18 loss in 1H 2024). Revenue: CN¥347.6m (up 24% from 1H 2024). Net income: CN¥3.72m (up CN¥449.2m from 1H 2024). Profit margin: 1.1% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia.공시 • Aug 09Baiwang Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Baiwang Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025공시 • Aug 04Baiwang Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2025Baiwang Co., Ltd. provided earnings guidance for the six months ended June 30, 2025 . For the six months, the Group is expected to record (1) a total revenue for the six months ended June 30, 2025 of approximately RMB 330.0 million to RMB 380.0 million, as compared to the total revenue of RMB 281.6 million for the six months ended June 30, 2024. The Group's current businesses comprise the artificial intelligence business (the "AI Business") and the core business (including cloud financial & tax digitalization solutions, on-premises financial & tax digitalization solutions and data- driven analytics services). The Group's total revenue included the revenue from the AI Business for the six months ended June 30, 2025 of approximately RMB 58.0 million to RMB 63.0 million, as compared to nil from the AI Business for the six months ended June 30, 2024; (2) a gross profit margin for the six months ended June 30, 2025 of approximately 45.0% to 50.0%, as compared to the gross profit margin of 39.2% for the six months ended June 30, 2024; and (3) a net profit for the six months ended June 30, 2025 of approximately RMB 3 million to RMB 5 million, as compared to the net loss of RMB 445.8 million for the six months ended June 30, 2024. Based on the information currently available, the Board is of the view that, compared with the same period in 2024, (i) the increase in total revenue was primarily due to the increase in the revenue from the AI Business and the financial & tax digitalization solutions; (ii) the increase in gross profit margin was primarily due to the Company's strategic reduction in the marketing efforts into the low-margin business and savings in cost of sales through refined cost management; and (iii) the increase in net profit was mainly attributable to the increase in total revenue realized through the implementation of scene-based data intelligence strategy. In addition, the Group achieved gross profit margin expansion, operational efficiency enhancement and savings in operating expenses through refined operations. Additionally, fair value changes of financial liabilities at fair value through profit or loss ("FVTPL") relating to the shares with preferential rights issued by the Company was nil for the six months ended June 30, 2025 after the Company's completion of the listing of its H shares on the Main Board of Hong Kong Stock Exchange.New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.분석 기사 • Jul 09Why We're Not Concerned Yet About Baiwang Co., Ltd.'s (HKG:6657) 38% Share Price PlungeBaiwang Co., Ltd. ( HKG:6657 ) shareholders that were waiting for something to happen have been dealt a blow with a 38...분석 기사 • Jun 30Companies Like Baiwang (HKG:6657) Are In A Position To Invest In GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...공시 • Apr 01Baiwang Co., Ltd., Annual General Meeting, Jun 27, 2025Baiwang Co., Ltd., Annual General Meeting, Jun 27, 2025.공시 • Mar 17Baiwang Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025Baiwang Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025공시 • Jan 02+ 1 more updateBaiwang Co., Ltd. Announces Chief Financial Officer ChangesThe board of directors of Baiwang Co., Ltd. announced that Mr. Hou Shifei has tendered his resignation as the company's chief financial officer with effect from December 30, 2024 in pursuit of his personal career development objectives. Mr. Hou has confirmed that he has no disagreement with the Board and that there is no matter in relation to his resignation that needs to be brought to attention to the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board further announces that Mr. Jiao Yang had been appointed as the Company's vice president, chief financial officer and the secretary of the Board with effect from December 31, 2024. Mr. Jiao Yang, aged 39, has over 13 years of experience in financing and finance management in mobile internet and cloud computing industries in A-share and Hong Kong stock market. Mr. Jiao served as a manager at the Beijing Branch of KPMG Advisory (China) Limited from January 2012 to June 2013, a vice president at TMT Group, Investment Banking Department, Huatai United Securities Co., Ltd. from June 2013 to August 2015, a vice president at Surekam Investment Management Limited from August 2015 to February 2018, the senior vice president at ORIX Asia Capital Limited from June 2018 to April 2020, and a vice president of finance and the secretary of the board of directors at Huafang Group Inc. from April 2020 to May 2023. From May 2023 to June 2024, Mr. Jiao served as a vice president of the Company, taking the lead in the execution of the Company's IPO-related matters. Mr. Jiao graduated from Shanghai Jiao Tong University in the PRC with a bachelor's degree in economics in July 2008. He obtained a master of science degree from the University of Warwick in England in December 2010. He was recognized as a Chartered Financial Analyst by the Chartered Financial Analyst Institution in September 2016. The term of office of Mr. Jiao will be effected from December 31, 2024 to the expiry of the current term of the Board.공시 • Oct 18Baiwang Co., Ltd. Announces Resignation of Yang Zhengdao as Executive DirectorThe board of directors of Baiwang Co., Ltd. announced that Mr. Yang Zhengdao has tendered his resignation as an executive Director of the Company with effect from October 17, 2024 in pursuit of his other personal career development objectives, and ceased to serve as a member of the remuneration and appraisal committee of the Board. Mr. Yang has confirmed that he has no disagreement with the Board and that no matters concerning his resignation need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.Reported Earnings • Sep 01First half 2024 earnings releasedFirst half 2024 results: CN¥3.18 loss per share. Net loss: CN¥445.5m (flat on 1H 2023).공시 • Aug 16Baiwang Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024Baiwang Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024공시 • Jul 09Baiwang Co., Ltd. has completed an IPO in the amount of HKD 333.432 million.Baiwang Co., Ltd. has completed an IPO in the amount of HKD 333.432 million. Security Name: H Shares Security Type: Common Stock Securities Offered: 926,200 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Security Name: H Shares Security Type: Common Stock Securities Offered: 1,113,600 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Security Name: H Shares Security Type: Common Stock Securities Offered: 7,222,200 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Transaction Features: Regulation S; Sponsor Backed Offering지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 6657 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: 6657 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Baiwang 배당 수익률 vs 시장6657의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (6657)n/a시장 하위 25% (HK)2.7%시장 상위 25% (HK)6.9%업계 평균 (IT)1.9%분석가 예측 (6657) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 6657 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 6657 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 6657 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: 6657 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YHK 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 14:10종가2026/05/22 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Baiwang Co., Ltd.는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Lin YangHaitong International Research Limited
Reported Earnings • Mar 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: CN¥0.04 loss per share (improved from CN¥2.73 loss in FY 2024). Revenue: CN¥728.6m (up 11% from FY 2024). Net loss: CN¥9.63m (loss narrowed 98% from FY 2024). Revenue missed analyst estimates by 14%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 38% growth forecast for the IT industry in Hong Kong.
공시 • Mar 25Baiwang Co., Ltd., Annual General Meeting, Jun 26, 2026Baiwang Co., Ltd., Annual General Meeting, Jun 26, 2026.
New Risk • Mar 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
공시 • Mar 12Baiwang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 24, 2026Baiwang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 24, 2026
공시 • Nov 28+ 1 more updateBaiwang Co., Ltd. Announces CEO Changes, Effective November 28, 2025The board of directors of Baiwang Co., Ltd. announced that Mr. Fu Yingbo ("Mr. Fu"), due to his personal career planning, has tendered his resignation as chief executive officer of the company with effect from November 28, 2025. Mr. Fu has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") and the Stock Exchange. The Board announced that on November 28, 2025, following consideration and approval by the Board, Ms. Chen Jie, Chairlady of the Board and executive Director, has been appointed as the chief executive officer of the Company with effect from November 28, 2025.
Reported Earnings • Oct 02First half 2025 earnings released: EPS: CN¥0.016 (vs CN¥3.18 loss in 1H 2024)First half 2025 results: EPS: CN¥0.016 (up from CN¥3.18 loss in 1H 2024). Revenue: CN¥347.6m (up 24% from 1H 2024). Net income: CN¥3.72m (up CN¥449.2m from 1H 2024). Profit margin: 1.1% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Hong Kong.
Reported Earnings • Aug 21First half 2025 earnings released: EPS: CN¥0.016 (vs CN¥3.18 loss in 1H 2024)First half 2025 results: EPS: CN¥0.016 (up from CN¥3.18 loss in 1H 2024). Revenue: CN¥347.6m (up 24% from 1H 2024). Net income: CN¥3.72m (up CN¥449.2m from 1H 2024). Profit margin: 1.1% (up from net loss in 1H 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the IT industry in Asia.
공시 • Aug 09Baiwang Co., Ltd. to Report First Half, 2025 Results on Aug 20, 2025Baiwang Co., Ltd. announced that they will report first half, 2025 results on Aug 20, 2025
공시 • Aug 04Baiwang Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2025Baiwang Co., Ltd. provided earnings guidance for the six months ended June 30, 2025 . For the six months, the Group is expected to record (1) a total revenue for the six months ended June 30, 2025 of approximately RMB 330.0 million to RMB 380.0 million, as compared to the total revenue of RMB 281.6 million for the six months ended June 30, 2024. The Group's current businesses comprise the artificial intelligence business (the "AI Business") and the core business (including cloud financial & tax digitalization solutions, on-premises financial & tax digitalization solutions and data- driven analytics services). The Group's total revenue included the revenue from the AI Business for the six months ended June 30, 2025 of approximately RMB 58.0 million to RMB 63.0 million, as compared to nil from the AI Business for the six months ended June 30, 2024; (2) a gross profit margin for the six months ended June 30, 2025 of approximately 45.0% to 50.0%, as compared to the gross profit margin of 39.2% for the six months ended June 30, 2024; and (3) a net profit for the six months ended June 30, 2025 of approximately RMB 3 million to RMB 5 million, as compared to the net loss of RMB 445.8 million for the six months ended June 30, 2024. Based on the information currently available, the Board is of the view that, compared with the same period in 2024, (i) the increase in total revenue was primarily due to the increase in the revenue from the AI Business and the financial & tax digitalization solutions; (ii) the increase in gross profit margin was primarily due to the Company's strategic reduction in the marketing efforts into the low-margin business and savings in cost of sales through refined cost management; and (iii) the increase in net profit was mainly attributable to the increase in total revenue realized through the implementation of scene-based data intelligence strategy. In addition, the Group achieved gross profit margin expansion, operational efficiency enhancement and savings in operating expenses through refined operations. Additionally, fair value changes of financial liabilities at fair value through profit or loss ("FVTPL") relating to the shares with preferential rights issued by the Company was nil for the six months ended June 30, 2025 after the Company's completion of the listing of its H shares on the Main Board of Hong Kong Stock Exchange.
New Risk • Jul 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
분석 기사 • Jul 09Why We're Not Concerned Yet About Baiwang Co., Ltd.'s (HKG:6657) 38% Share Price PlungeBaiwang Co., Ltd. ( HKG:6657 ) shareholders that were waiting for something to happen have been dealt a blow with a 38...
분석 기사 • Jun 30Companies Like Baiwang (HKG:6657) Are In A Position To Invest In GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
공시 • Apr 01Baiwang Co., Ltd., Annual General Meeting, Jun 27, 2025Baiwang Co., Ltd., Annual General Meeting, Jun 27, 2025.
공시 • Mar 17Baiwang Co., Ltd. to Report Fiscal Year 2024 Results on Mar 31, 2025Baiwang Co., Ltd. announced that they will report fiscal year 2024 results on Mar 31, 2025
공시 • Jan 02+ 1 more updateBaiwang Co., Ltd. Announces Chief Financial Officer ChangesThe board of directors of Baiwang Co., Ltd. announced that Mr. Hou Shifei has tendered his resignation as the company's chief financial officer with effect from December 30, 2024 in pursuit of his personal career development objectives. Mr. Hou has confirmed that he has no disagreement with the Board and that there is no matter in relation to his resignation that needs to be brought to attention to the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board further announces that Mr. Jiao Yang had been appointed as the Company's vice president, chief financial officer and the secretary of the Board with effect from December 31, 2024. Mr. Jiao Yang, aged 39, has over 13 years of experience in financing and finance management in mobile internet and cloud computing industries in A-share and Hong Kong stock market. Mr. Jiao served as a manager at the Beijing Branch of KPMG Advisory (China) Limited from January 2012 to June 2013, a vice president at TMT Group, Investment Banking Department, Huatai United Securities Co., Ltd. from June 2013 to August 2015, a vice president at Surekam Investment Management Limited from August 2015 to February 2018, the senior vice president at ORIX Asia Capital Limited from June 2018 to April 2020, and a vice president of finance and the secretary of the board of directors at Huafang Group Inc. from April 2020 to May 2023. From May 2023 to June 2024, Mr. Jiao served as a vice president of the Company, taking the lead in the execution of the Company's IPO-related matters. Mr. Jiao graduated from Shanghai Jiao Tong University in the PRC with a bachelor's degree in economics in July 2008. He obtained a master of science degree from the University of Warwick in England in December 2010. He was recognized as a Chartered Financial Analyst by the Chartered Financial Analyst Institution in September 2016. The term of office of Mr. Jiao will be effected from December 31, 2024 to the expiry of the current term of the Board.
공시 • Oct 18Baiwang Co., Ltd. Announces Resignation of Yang Zhengdao as Executive DirectorThe board of directors of Baiwang Co., Ltd. announced that Mr. Yang Zhengdao has tendered his resignation as an executive Director of the Company with effect from October 17, 2024 in pursuit of his other personal career development objectives, and ceased to serve as a member of the remuneration and appraisal committee of the Board. Mr. Yang has confirmed that he has no disagreement with the Board and that no matters concerning his resignation need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.
Reported Earnings • Sep 01First half 2024 earnings releasedFirst half 2024 results: CN¥3.18 loss per share. Net loss: CN¥445.5m (flat on 1H 2023).
공시 • Aug 16Baiwang Co., Ltd. to Report First Half, 2024 Results on Aug 28, 2024Baiwang Co., Ltd. announced that they will report first half, 2024 results on Aug 28, 2024
공시 • Jul 09Baiwang Co., Ltd. has completed an IPO in the amount of HKD 333.432 million.Baiwang Co., Ltd. has completed an IPO in the amount of HKD 333.432 million. Security Name: H Shares Security Type: Common Stock Securities Offered: 926,200 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Security Name: H Shares Security Type: Common Stock Securities Offered: 1,113,600 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Security Name: H Shares Security Type: Common Stock Securities Offered: 7,222,200 Price\Range: HKD 36 Discount Per Security: HKD 1.44 Transaction Features: Regulation S; Sponsor Backed Offering