New Year Special | Entertainment: AMTD completes Maoyan Entertainment’s Hong Kong IPO on Lunar New Year’s Eve, witnessing the listing of the first internet-empowered entertainment service provider in Hong Kong’s capital markets

According to real-time data from Maoyan Entertainment, as of midnight on February 6th, 2019 (Beijing time), the single-day box office revenue for Lunar New Year’s Day exceeded RMB 1.44 billion yuan and set a new record for domestic single-day box office of all time. China’s movie market has witnessed a new wave of developments and peaks.

On this year’s Lunar New Year’s Eve, February 4th 2019, Maoyan Entertainment (stock code: 1896.HK), a leading platform providing innovative Internet-empowered entertainment services in China, was successfully listed on the Main Board of Hong Kong Stock Exchange (HKEX), marking the first listing of an online entertainment provider stock. AMTD acted as the Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager in this milestone transaction. This IPO represented AMTD’s another landmark deal in the new economy sector after completing Xiaomi, Meituan Dianping, Weimob, Tongcheng-Elong, BabyTree, Fosun Tourism and other significant IPO deals in Hong Kong capital market, marking the 3rd IPO completed by AMTD in the past month.

Mr. Calvin Choi (5th from the left), Chairman and President of AMTD Group attended the listing ceremony

Maoyan Entertainment is a leading platform providing innovative Internet-empowered entertainment services in China, and is the leader in online entertainment ticketing services, entertainment content services and online community of entertainment audience and professionals. Maoyan Entertainment is the largest online movie ticketing service provider in China with a market share of over 60%; as the pioneer of providing Internet-based promotion and distribution services in China’s movie industry, Maoyan Entertainment is the largest and leading distributor of domestic movies; in addition, Maoyan Entertainment has the largest online movie community, and Maoyan Pro app is the most popular professional app for the entertainment industry in China.

Mr. Calvin Choi, Mr. Philip Yau, Mr. Zhihao Zheng, Executive Director and CEO of Maoyan Entertainment, and Mr. Sheung Wai Chan, Independent Non-Executive Director of Maoyan Entertainment

Maoyan Entertainment offered 132 million shares with issue price at HK$14.80 per share, raising over US$250 million. The global offering of Maoyan Entertainment also received support from 5 cornerstone investors, including IMAX HongKong (under IMAX China), Green Better (under Xiaomi Group), Prestige of the Sun, Hylink Investment (under Shanghai listed company Hylink) and Welight Capital. As the lead bank, Joint Global Coordinator, Joint Bookrunner, and Joint Lead Manager of Maoyan Entertainment’s Hong Kong IPO, AMTD introduced high quality and influential long-term investors and Hong Kong’s tycoon families to the company.

Mr. Calvin Choi, Chairman and President of AMTD Group, Mr. Philip Yau, CFO of AMTD Group, Mr. Zhihao Zheng, Executive Director and CEO of Maoyan Entertainment, and Mr. Sibin Gu, President of Maoyan Entertainment

1896 was recognized as the year when movie were introduced to China. Maoyan Entertainment’s choice of 1896 as its stock code not only means that Maoyan Entertainment promotes the integration of China’s movie industry and the Internet, accelerates the digital transformation of China’s movie industry since 2013, and also marks its “Internet + Entertainment” model represents the future of industry development.

As a comprehensive financial institution rooted in Hong Kong, based in the Greater Bay Area, neighbor to China and facing the world, AMTD has always been dedicated to serve as a “super connector”, providing professional capital market services for companies in the Chinese new economy sector, assisting and accompanying the leading players in this segment to expand into the international market. Since 2018, AMTD has completed Meituan Dianping and Xiaomi Corporation’s IPOs, all the 2 IPOs under “Weighted Voting Rights” structure in Hong Kong capital market history, and has assisted in the IPO for various Chinese leading new economy companies in Hong Kong and the USA, including Meitu, Weimob, 360 Finance, Fosun Tourism, BabyTree, Tongcheng-Elong. Mobvista, X Financial, Tuanche, Weidai, Wanka Online, 7 Road, etc., which made AMTD one of the “best partners” for Chinese innovative technology and new economy companies to enter the international capital markets.