Tongshifu Cultural Launches Offering Patrons Serves as Joint Bookrunner and Joint Lead Manager and Capital Market Intermediary

Hangzhou Tong Shifu Cultural and Creative (Group) Co., Ltd. (hereinafter referred to as "Tongshifu" or the "Company"), stock code 0664.HK, has officially launched its public offering from March 23 to March 25, 2026. The Patrons team is serving as the Joint Bookrunner and Joint Lead Manager for this IPO project. The company is expected to list on the Main Board of the Hong Kong Stock Exchange on March 31, 2026.

According to Patrons, the IPO plans to globally offer approximately 7.4068 million H-shares, with an offer price range of HK$60 to HK$68 per share. The maximum net proceeds are estimated at approximately HK$500 million.

As disclosed in the prospectus, Tongshifu has focused on integrating traditional Chinese craftsmanship with modern design and contemporary usage scenarios since its inception. Originally a traditional bronze workshop, it has evolved into a leading Chinese cultural and creative brand. With strong original design capabilities, the company has successfully tapped into the "Goods Economy" currently popular among young consumers.

The company’s product core centers on bronze, expanding into gold, silver, and plastic materials to reach a broader audience:

• Bronze Cultural Products: The core business featuring decorative ornaments, bronze carvings, and artistic statues crafted using the ancient lost-wax casting method. This includes self-developed IPs and licensed global IPs such as The Avengers, Kung Fu Panda, and Batman.

• Multi-Material Expansion: "Xijiang Gold Shop": A sub-brand dedicated to pure gold cultural and creative products.

• "Huanxi Xiaojiang": A sub-brand focused on plastic figurines and designer toys blending cultural elements with "Pop Mart" style aesthetics.

• Omni-channel Sales Network: A robust system combining online direct sales (including e-commerce flagship stores) and strategic offline retail stores located in core business districts of New First-tier and Second-tier cities.

From 2022 to 2024, Tongshifu reported revenues of RMB 503 million, RMB 506 million, and RMB 571 million, respectively. The company has established a dominant position in its niche:

• Market Share: According to Frost & Sullivan, the company ranks No. 1 in China’s bronze cultural and creative product market with a 35% market share by 2024 revenue.

• Online Dominance: The company holds a leading position in digital channels, with an online market share of 44.1% in 2024.

In Tongshifu's journey to the Hong Kong stock market, Patrons Financial Holdings has provided critical support as Joint Bookrunner, Joint Lead Manager and Capital Market Intermediary. Leveraging extensive experience in capital markets, Patrons accurately assisted the company in communicating its unique "Traditional Craft + Modern IP" value proposition, ensuring the successful international debut of this leader in the "Guochao" (China-chic) movement.

If there is any inconsistency or ambiguity between these two versions, the Chinese version shall prevail.