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Source: Ryanben Capital

Impression Dahongpao Co., Ltd. (Impression Shares, 870608.NQ), a listed company on the New Third Board, recently announced the results of the bidding for the Hong Kong H-share listed securities firms, accountants, and securities firms' Hong Kong lawyer services. The Impression Shares' temporary shareholders' meeting held on June 18 reviewed and approved the "Proposal on Fully Launching the Company's Listing on the Hong Kong Stock Exchange", agreeing that the company will officially start its listing in Hong Kong.

Impression Holdings (870608.NQ) was listed on the New Third Board on January 20, 2017. Its controlling shareholders are Wuyishan Cultural Tourism Co., Ltd. and Wuyishan Tourism and Holiday Industry Development Co., Ltd., and its actual controller is the Wuyishan Municipal Government.

Impression Shares had previously planned to go public on the Beijing Stock Exchange and had signed a listing guidance agreement with Industrial Securities. After that, the two parties reached an agreement and signed the Termination Agreement of the Guidance Agreement on May 16, 2024. Industrial Securities submitted the application materials for the termination of the guidance filing to the Fujian Securities Regulatory Bureau, and the Fujian Securities Regulatory Bureau confirmed the termination of the company's guidance on May 20, 2024.

Impression Shares, the main business income currently comes mainly from the ticket revenue of the performance and operation of the large-scale real-life landscape drama "Impression Dahongpao". The company's main product "Impression Dahongpao" is a large-scale real-life landscape performance with Wuyi Mountain, a world natural and cultural dual heritage site, as the regional background and Wuyi tea culture as the theme. The company mainly uses its own geographical resource advantages and management and operation advantages, through professional drama copyright, general director service and consulting service procurement, equipped with revolving stage, light fort, sound, costume props and other carriers and art presentation equipment, integrating modern technology of sound, light, electricity and audio-visual system technology, forming the core elements of the performance and operation of the "Impression Dahongpao" project, and presenting the special artistic expression form of "Impression Dahongpao" real-life landscape performance to the audience. In addition, in order to make up for the seasonality, single form and regional limitations of the company's business income, the company invested in the establishment of two projects, Tea Soup Hot Spring and Dahongpao Experience Center, hoping that it can be derived from the existing business in terms of seasonal counter-supplementation, form expansion and regional coverage.