On July 13, the reporter inquired about the information disclosed by the Hong Kong Stock Exchange and noticed that since there had been no progress six months after the prospectus was submitted, the prospectus of Henan Jinxing Beer Co., Ltd. had already been shown to be “invalid.” On January 13 of this year, Golden Star Beer submitted a prospectus to the Hong Kong Stock Exchange to apply for listing on the main board as the “first Chinese craft brewing stock”. The co-sponsors were CITIC Securities and BOC International. According to the regulations of the Hong Kong Stock Exchange, if it fails to advance to the listing hearing within 6 months after submitting the prospectus, the submitted prospectus will automatically expire. It's been exactly 6 months until July 13th. The failure of Golden Star Brewery to proceed in a timely manner is related to regulatory inquiries. In April of this year, the International Department of the Securities Regulatory Commission issued an inquiry letter on overseas issuance filing, raising questions about the shareholding structure and capital increase pricing of Golden Star Brewery. According to the prospectus, Zhang Tieshan and Zhang Feng's father and son together hold 93.45% of the shares in Golden Star Beer and are in absolute control. At the same time, according to the prospectus, the actual controller's father and son increased their capital by 1 yuan/share, and the maximum number of shares invested by external shareholders of the dealer was 18 yuan/share. Since then, no progress has been reported on the listing of Golden Star Beer. Golden Star Brewery has already launched a listing plan three times. The first was to introduce a foreign joint venture as a village-run collective enterprise in 2003, but it failed to advance due to the inherent property rights issues of village-run enterprises; the second time it sought to go public again after starting the shareholding system reform in 2010, but no formal application materials were made during the listing window and were later put on hold; the third time was submitted to the Hong Kong Stock Exchange in January of this year. Will Golden Star Beer continue to be listed and submitted again in the future? On the morning of the 13th, Golden Star Brewery responded: “The failure of the prospectus is not an IPO failure; the company is still arranging related work according to the established pace.”

On July 13, the reporter inquired about the information disclosed by the Hong Kong Stock Exchange and noticed that since there had been no progress six months after the prospectus was submitted, the prospectus of Henan Jinxing Beer Co., Ltd. had already been shown to be “invalid.” On January 13 of this year, Golden Star Beer submitted a prospectus to the Hong Kong Stock Exchange to apply for listing on the main board as the “first Chinese craft brewing stock”. The co-sponsors were CITIC Securities and BOC International. According to the regulations of the Hong Kong Stock Exchange, if it fails to advance to the listing hearing within 6 months after submitting the prospectus, the submitted prospectus will automatically expire. It's been exactly 6 months until July 13th. The failure of Golden Star Brewery to proceed in a timely manner is related to regulatory inquiries. In April of this year, the International Department of the Securities Regulatory Commission issued an inquiry letter on overseas issuance filing, raising questions about the shareholding structure and capital increase pricing of Golden Star Brewery. According to the prospectus, Zhang Tieshan and Zhang Feng's father and son together hold 93.45% of the shares in Golden Star Beer and are in absolute control. At the same time, according to the prospectus, the actual controller's father and son increased their capital by 1 yuan/share, and the maximum number of shares invested by external shareholders of the dealer was 18 yuan/share. Since then, no progress has been reported on the listing of Golden Star Beer. Golden Star Brewery has already launched a listing plan three times. The first was to introduce a foreign joint venture as a village-run collective enterprise in 2003, but it failed to advance due to the inherent property rights issues of village-run enterprises; the second time it sought to go public again after starting the shareholding system reform in 2010, but no formal application materials were made during the listing window and were later put on hold; the third time was submitted to the Hong Kong Stock Exchange in January of this year. Will Golden Star Beer continue to be listed and submitted again in the future? On the morning of the 13th, Golden Star Brewery responded: “The failure of the prospectus is not an IPO failure; the company is still arranging related work according to the established pace.”