We are pleased to announce that on 23rd December 2025, China Merchants Securities (HK) Co., Limited (“CMS (HK)”, a subsidiary of China Merchants Securities International Company Limited), acting as one of the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of QingSong Health Corporation (“the Company”, stock code: 2661.HK), successfully assisted the Company to commence trading of its shares on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEx”). A total of approximately 26.54 million shares are issued and offered under the Global Offering, at an offer price of HK$22.68 per share, raising a total of approximately HK$602 million.
As one of the Joint Sponsors, CMS (HK) accompanied the Company to overcome difficulties and challenges along the way and has contributed significantly in terms of execution and marketing to the successful listing.
By fully utilizing our accurate grasp of the market window and deep understanding of the company's investment value, CMS (HK) selectively arranged nearly 40 online/offline roadshow meetings since the inception of the project, and invited more than 30 long-only funds, multi-strategy funds, healthcare specialist investors, PE funds, strategic investors, and corporate investors to meet with the Company and thus enabled them to have a better understanding of the Company’s brand and business model.
After extensive investor outreach and marketing work, CMS (HK) assisted the Company to complete the listing successfully. Overall, the International Placing received 2.9 times subscription and the Hong Kong Public Offering received 1421.47 times subscription.
About QingSong Health Corportaion
The Company provides healthcare-related and insurance-related solutions in China. It ranked 10th in China’s digital integrated healthcare and health insurance services market in terms of revenue in 2024, according to the F&S Report. Specifically, the Company ranked seventh in China’s digital healthcare services market in terms of revenue in 2024, according to the same source. The Company strives to build protection and support for people in need with a suite of accessible, targetable and affordable healthcare solutions.
The Company offers corporate and individual customers, as applicable, various healthcare-related services, ranging from digital marketing through healthcare-related educational articles and videos, digital medical research assistance, integrated health service packages with various self-operated and outsourced services, and promotion and consultancy to support early disease screening. To finance users’ healthcare spending and address their protection needs, the Company also provides users with convenient access to a wide array of health insurance products through insurance brokerage services under Insurance-related Services, the Company’s online insurance marketplace. In addition to facilitating sales of the insurer partners’ insurance products, the Company also provides insurance technical services, enabling them with improved operating efficiency and risk management capabilities.