Han Kun Law Offices acted as PRC legal counsel to the joint sponsors in connection with the global offering of H shares and listing on the Main Board of the Hong Kong Stock Exchange of Xiamen Jihong Co., Ltd. (厦门吉宏科技股份有限公司) ("Jihong", stock code: 002803.SZ). CMB International Capital Limited and China International Capital Corporation Hong Kong Securities Limited served as joint sponsors and overall coordinators for the transaction.
As a leading Chinese cross-border social e-commerce enterprise listed on the Shenzhen Stock Exchange, Jihong operates two primary business segments: B2C precision marketing through cross-border social commerce platforms and B2B full-service packaging design and marketing solutions for fast-moving consumer goods (FMCG). Jihong maintains long-term relationships with leading FMCG enterprises such as Yili and Luckin Coffee, while its e-commerce operations dominate emerging markets across Southeast Asia and the Middle East. According to 2024 industry rankings, Jihong ranked second among China's B2C outbound e-commerce players based on revenue generated through social media e-commerce business in Asia and ranked first among FMCG paper consumer packaging companies in mainland China in terms of revenue.
