PIZU GROUP (09893.HK): THE FIRST COMPANY TO SUCCESSFULLY TRANSFER LISTING UNDER THE NEW HKEX GEM RULES

HONG KONG, Feb. 18, 2025 /PRNewswire/ -- Pizu Group Holdings Limited ("Pizu" or "the Company", together with its subsidiaries, collectively referred to as "the Group," is pleased to announce that, it has successfully transferred its listing from the GEM of the Hong Kong Stock Exchange to the Main Board (Main Board Stock Code: 09893.HK) on 18 February 2025.

This marks Pizu Group as the first company to successfully complete the transfer of its listing since the HKEX implemented the streamlined GEM transfer mechanism on 1 January 2024. Following the transfer, the Company's stock abbreviation in both Chinese and English, the trading lot size, the trading currency of the shares, and the Company's share transfer registrar will remain unchanged.

This transfer listing is not only an important practice of institutional innovation in the Hong Kong capital market, but also a key measure for the Hong Kong Stock Exchange (HKEX) to enhance market vitality and optimize its listing system. By simplifying the transfer process and reducing compliance costs, HKEX has further strengthened Hong Kong's inclusivity and competitiveness as an international financial center, providing a more efficient capital growth channel for high-quality small and medium-sized enterprises. The groundbreaking reform of the transfer listing mechanism is a strategic move in Hong Kong's efforts to solidify its position as an international financial hub. Against the backdrop of intensifying global financial competition and cooperation, HKEX continues to enhance its market attractiveness through institutional innovation, creating a more resilient capital platform for local enterprises while sending a positive signal to international investors about Hong Kong's deepening capital market reforms.

As the first company to benefit from the new rules, Pizu Group's successful transition validates the catalytic effect of the GEM reform on the market ecosystem. This landmark achievement will serve as a practical benchmark for other companies and support Hong Kong's position as a leading global market for new stock listings and refinancing. Its successful case will strongly demonstrate the efficiency and openness of Hong Kong's capital markets, attracting more domestic and international companies to leverage Hong Kong as a hub for global capital operations, further solidifying Hong Kong's role as a super-financial gateway connecting China and the world.

Pizu Group is principally engaged in manufacturing and sale of explosives and provision of blasting operation and related services in China and Tajikistan. Additionally, the Group is involved in the mining, processing, and sales of mineral products in China. In terms of manufacture and sale of civil explosives, the Group principally manufactures and sells emulsion explosives and ANFO explosives, which may be used in mine blasting, infrastructure construction, and other fields. The Group also provides blasting operations and related services such as drilling, blasting project design, and related consultation. In terms of mining operations, the Group owns the Anhui Jinding Project and the Tibet Tianren Project. The Anhui Jinding Project has already commenced commercial production, with main products including sulfur concentrates, copper concentrates, iron ore concentrates, and gold. The Tibet Tianren Project is currently in the pre-construction preparation stage, with plans to re-commence mining construction in 2025 and to complete the project in 2027, proceeding to trial production phase as early as in 2027.

The Board believes that, given the Main Board's larger market capitalisation, higher trading volume, and relatively higher international recognition, the transfer of listing will enhance the corporate profile and public recognition of the Company. The more stringent listing requirements of the Main Board and its corresponding premium status will act as a recognition of the Company's established business performance and achievements, thereby improving the Company's ability to attract high-quality clients, suppliers, and business partners, seize new business opportunities, and attract and retain talent. Listing on the Main Board will also broaden the Company's debt financing options and enable more competitive financing terms, providing the Company with greater flexibility in balancing its debt and equity mix, and enhancing its ability to optimise its overall capital structure.

On the other hand, the Main Board attracts a broad spectrum of active base of professional, institutional, private, and public investors from international to regional and local markets. The transfer of listing will provide the Company with access to a much boarder international investor base, enhancing its investor exposure and international profile. The transfer will also allow the shares to be traded on an exchange platform with notably higher liquidity, providing the shareholders and potential investors with an improved liquidity environment, which is in the overall interests of the Company and its shareholders.

Mr. Ma Tianyi, Executive Director, Chairman, and CEO of Pizu Group, stated: "The successful transfer to the Hong Kong Main Board is an important milestone in Pizu Group's strategic development, marking further recognition of our leading position in the global civil explosives industry. This will not only help us broaden our financing channels and enhance our capital management capabilities, but also open up broader international markets, continuously driving the Company's long-term growth in the future."

About Pizu Group Holdings Limited

Pizu Group Holdings Limited (Main Board Stock Code: 09893.HK) is principally engaged in manufacturing and sale of civil explosives and provision of blasting operation and related services in the PRC and Tajikistan, and mining, processing and sales of mineral products in the PRC. The Group holds a significant market share in the domestic market and is actively expanding its business to boarder markets in Central Asian countries.

Company Website: http://www.pizugroup.com/

This press release is issued by Zhenzhuo Media on behalf of Pizu Group Holdings Limited.

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SOURCE Pizu Group Holdings Limited