On December 21, 2016, Hebei Yichen Industrial Group Corp. Ltd. (“Yichen Industrial”, 01596.HK) was successfully listed on the Main Board of HKEX. The company issues 224,460,000 H shares with a price of HK$ 3.00/share. Net proceeds from the issuance total around HK$ 608 million.

Yichen Industrial is China’s leading rail fastening system supplier, one of the seven suppliers certified by China Railway Test & Certification Center to provide pre-assembled high-speed rail fastening system, as well as the only certified private enterprise. According to Frost & Sullivan, in terms of annual turnover by December 31, 2015, Yichen Industrial is China’s largest rail fastening system supplier, taking up 17.1% of market share.

Yichen Industrial has over a decade of experience in supplying fastening system to China’s rail industry. Its network covers the whole country. Its fastening system covers high-speed rail, heavy-load rail, normal rail and urban rail systems. With its rich experience, Yichen Industrial has already come the few rail fastening system suppliers in China who are able to produce core parts of the system.

Jingtian & Gongcheng is the PRC legal counsel of the issuer, and provides comprehensive legal services throughout the listing of the company.