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HONGKONG, CHINA - Media OutReach - 11 December 2018 - Natural Food International Holding Limited ("Natural FoodInternational", together with its subsidiaries, the "Group"; stock code: 1837), a natural health foodcompany in China, announcedthe subscription results for its shares (the "Shares") under the public offer(the "Public Offer") and placing (the "Placing", collectively, the "ShareOffer"). The Shares under the Public Offer havebeen over-subscribed by approximately 0.44 times. The Offer Price per Share has been set at HK$1.62 per Offer Share. Dealings in the Shares on the Main Board ofThe Stock Exchange of Hong Kong Limited ("SEHK") is expected to commence on 12 December2018 (Wednesday).
Basedon the final OfferPrice ofHK$1.62 per OfferShare, the netproceeds from the Share Offer to be received by the Company (after deductingunderwriting fees and estimated expenses in connection with the ShareOffer) isestimated to be approximately HK$609.2 million.
Natural Food International intends to use these net proceedsfor the following purposes: 1) approximately 35% toenhance its integrated distribution platform and optimize its channel mix; 2)approximately 60% for the construction of its new Nansha Manufacturing Facilityin Guangzhou, Guangdong Province and the procurement of machinery and equipmentfor this planned processing facility; 3) approximately 5% for its workingcapital and general corporate purposes.
China International Capital CorporationHong Kong SecuritiesLimited and CMBC International Capital Limited are the Joint Sponsors. ChinaInternational Capital Corporation Hong Kong Securities Limited and CMBCSecurities Company Limited are the Joint Global Coordinators. ChinaInternational Capital Corporation Hong Kong Securities Limited, CMBC SecuritiesCompany Limited, Haitong International Securities Company Limited and BluestoneSecurities (HK) Co., Limited are the Joint Bookrunners and Joint Lead Managers.
Ms. GUI Changqing, Chairman and executive Director of NaturalFood International Holding Limited, said, "We believe that the resultof the Share Offer hasaffirmedmarket's recognition of the Group's future prospects. Listing on the Main Board of SEHKenables the Group tofurther enhance its integrated distribution platform, strengthen its brandequity and capture greater market opportunities in the natural health food industry."
About the Group
Natural FoodInternational Holding Limited is the second largest natural health food company in Chinaas measured by retail sales value in 2017, according to Frost & Sullivan.Its "Wugu Mofang"(五谷磨房) brand is the most widely-recognized naturalhealth food brand in China and ranked first in terms oftop-of-mind brand awareness and customer satisfaction among all the naturalhealth food brands in China and as the most frequently consumed brand among allthe natural health food products in China, according to Frost & Sullivan Survey.Infused with modern nutrition science and food processing technologies, its extensive diversifiedproduct portfolio includes approximately 90 types of products.
As of June 30, 2018, the Group has anoffline network of 3,916 concessionary counters, and distributes its productsthrough major e-commerce platforms, such as Tmall, JD.com and Vipshop.com, aswell as WeChat member store.