OREANDA-NEWS. January 4, 2013. China Machinery Engineering Corporation (CMEC) held a grand ceremony for its H-share launch on the Stock Exchange of Hong Kong (SEHK) at 9:00 a.m., December 21, 2012. The first day saw the share price of CMEC go up against the underperforming market, soaring from the opening quotation of HKD6.08 to the peak of HKD6.42 before closing at HKD6.30, nearly 17% higher than the issue price of HKD5.40. The total transaction volume reached 315 million shares in the amount of HKD1,955 million. Honored as the “King of Oversubscription”, CMEC has become the second most profitable new stock with overall encouraging performance. It also reflects the company’s strength and investors’ confidence in the company.

Ten senior management members attended the launch ceremony as guests of honor, including Xu Jian, President of China National Machinery Industry Corporation (SINOMACH), Luo Jiamang, CFO of SINOMACH, Liu Zuqing, Secretary of President of SINOMACH, Yang Wansheng, Chairman of CMEC, Zhang Chun, President of CMEC, Li Taifang, Vice Chairman of CMEC, Zhou Yamin, CFO of CMEC, Chen Jianhao, Independent Non-executive Director, Chen Minjian, Board Secretary, and Zhou Bing from BOCI Asia Limited. About 50 representatives were present as guests to witness this historic moment of CMEC’s Initial Public Offering (IPO). They are leaders and staff from SINOMACH and CMEC, cornerstone investors of CMEC’s IPO, significant institutional investors, investment banks and relevant agencies.

At 9:15 a.m., the ten guests of honor walked into the trading floor of the SEHK. Ma Xuezheng, Member of Listing Committee of the SEHK, first introduced the profile of CMEC to be listed on the SEHK, announced the stock name as “China Machinery Engineering Corporation” and the stock code of “1829”, and invited CMEC Chairman Yang Wansheng to deliver a speech.

Chairman Yang pointed out in his speech that on this memorable day, CMEC successfully went public on the main board of the SEHK, marking another milestone in the history of CMEC. Getting listed in Hong Kong will inject abundant capital into CMEC for its future development and broaden its growth space. CMEC will strictly abide by listing rules and prudently use every penny publicly raised to propel stable growth of CMEC’s value, so as to better repay investors, customers and the society at large.

At 9:30 a.m., Xu Jian, President of SINOMACH, and Yang Wansheng, Chairman of CMEC, jointly banged the gong for the company’s listing on the view platform of the SEHK. The resounding sound signified the formal start of CMEC stock trade on the main board of the SEHK and the listing of CMEC on the H-share market. At this critical moment, CMEC was in the spotlight of domestic and overseas media. All CMEC people present were so moved and excited, since they had been yearning for the moment for over six years. The successful listing represents a phrasal conclusion and recognition of the achievements that CMEC has made, as well as another starting point and greater expectation for further development.

Amid the echoing gong, the electronic screen right in the middle of the trading hall showed an eye-catching opening quotation of HKD6.08 per share, HKD0.68 higher than the issue price of HKD5.40.

In the ocean of applause, wishes and flashlight, President of SINOMACH Xu Jian and CMEC Chairman Yang Wansheng participated in the donation ceremony for the public welfare fund on behalf of the company, and exchanged presents with the SEHK. Chairman Yang presented an art ware “Dragon Flying through Heaven and Earth”, a nine-dragon seal, to the SEHK as a souvenir. In return, the SEHK presented a “golden bull” in a token to express its best wish for bullish performance of CMEC shares.

In the media area of the view platform, Chairman Yang received Hong Kong media’s collective interview in a pleasant, friendly and cordial atmosphere. The listing ceremony came to a successful end at 10:00 a.m.

The ceremonial luncheon was held at Island Shangri-La Hong Kong with “Tiger” Hu, the famous moderator with Phoenix Satellite Television, as the host for the event. The luncheon started with a lighting ceremony. Seven guests jointly lifted the lighting rod, namely, Xu Jian, President of SINOMACH, Song Zhe, Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the Hong Kong Special Administrative Region, Yang Wanshang, Chairman of CMEC, Luo Jiamang, CFO of SINOMACH, Liu Zuqing, Secretary of President of SINOMACH, Zhang Chun, President of CMEC, and Li Taifang, Vice Chairman of CMEC. CMEC’s stock code “1829.HK” and the date “2012.12.21” were illuminated at the same time. With colored streamers flying in the air, the luncheon hall was brimming with joy and excitement.

President of SINOMACH Xu Jian and CMEC Chairman Yang Wansheng delivered their respective speeches. President Xu expressed his congratulations to CMEC for its successful listing, and his hope for CMEC to take this precious opportunity to seek better and rapider development through bringing its advantages into greater play and turn CMEC into a people-oriented, innovative, competitive, cooperative, trustworthy, harmonious world-class engineering company committed to its field. He added that CMEC will take advantage of the H-share market as a financing and operating platform to further deepen structural adjustment, accelerate strategic transformation and bolster its core competitiveness, in a bid to reward investors, shareholders and customers and people from all walks of life for their trust and support with better performance and services.

Chairman Yang indicated in his speech that the successful listing of CMEC should be ascribed to its leapfrog development over the years enabled by the great support from SINOMACH, the responsible, powerful and reliable parent company. He also extended his warm greetings and heartfelt gratitude to all the shareholders, BOCI Asia Limited as the leading investment bank and other intermediaries that contributed to the successful listing of CMEC.

In the end, representatives from the four investment banks presented a “huge cheque” to and exchanged presents with CMEC. All the senior management of CMEC proposed a toast to the guests present for the successful listing of the company in Hong Kong.

Present at the luncheon were over 100 people, including department heads from SINOMACH, cornerstone investors of CMEC’s IPO, significant institutional investors, underwriters, relevant intermediaries and some CMEC staff.