On December 22, Shanghai Chicmax Cosmetic Co., Ltd. ("Chicmax Cosmetic ") was listed on the main board of the Hong Kong Stock Exchange, with the stock code of "02145. HK". It sold 36.958 million shares worldwide, becoming "the first Hong Kong stock of domestic beauty products".

 

Founded in 2002, Chicmax Cosmetic focuses on the development, production and sales of skin care, washing, and maternal and infant care products. With 20 years of development history, it has grown into one of the few demonstrative large-scale beauty companies in China. After years of basic R&D efforts, Chicmax Cosmetic has obtained more than 200 patents at home and abroad, occupying two major platform technologies with high growth, namely, biological fermentation products and plant extracts.

 

J.P. Morgan Securities, CICC and CLSA Capital Markets Limited acted as co-sponsors of this listing.

 

Clifford Chance acted as the legal adviser of the issuer in Hong Kong and the United States, and Commerce & Finance Law Offices acted as the legal adviser of the issuer in China.

 

Freshfields Bruckhaus Deringer acted as the legal adviser of the underwriter in Hong Kong and the United States, and JunHe LLP acted as the legal adviser of the underwriter in China.

 

Ernst & Young is the auditor.

 

Frost & Sullivan is an industry consultant.