COL Digital Publishing Group to pursue Hong Kong H-share listing

COL Digital Publishing Group plans to issue H-shares and seek a primary listing on the Main Board of the Hong Kong Stock Exchange to advance its globalization strategy and enhance competitiveness. The proposal, approved by the board on December 15, 2025, includes an H-share offering not exceeding 20% of its total share capital (pre-over-allotment) and the appointment of KPMG as the auditor. The company also nominated Ms. Ni Hong as an independent non-executive director candidate.

Concurrently, the board approved a comprehensive overhaul of its corporate governance framework, including revisions to its Articles of Association and various internal policies to align with Hong Kong listing requirements. These updates cover investment management, external guarantees, related party transactions, and independent director duties. The company is also seeking a RMB570 million comprehensive credit line from banks for itself and its subsidiary, Beijing Hongda Yitai Technology Co.

These resolutions will be submitted for shareholder approval at an extraordinary general meeting on December 31, 2025. The H-share issuance is subject to regulatory approvals from the CSRC, HKEX, and other relevant authorities, with an anticipated validity period of 24 months from shareholder approval.