Tong Ren Tang Healthcare Launches IPO Patrons Serves as Joint Bookrunner and Joint Lead Manager

Beijing Tong Ren Tang Healthcare Investment Co., Ltd. (hereinafter referred to as "Tong Ren Tang Healthcare"), stock code 2667.HK, has officially launched its public offering from June 26 to July 2, 2026. The Patrons Financial Group team is serving as the Joint Bookrunner and Joint Lead Manager for this IPO.

According to Patrons Financial Group, the IPO plans to globally offer approximately 108 million H-shares, of which 10% will be offered in Hong Kong and the remainder offered internationally. The offer price range is HK$5.48 to HK$6.21 per share, and the maximum net proceeds are expected to be approximately HK$671 million. The company is scheduled to list on the Main Board of the Hong Kong Stock Exchange on July 7, 2026.

As disclosed in the prospectus, Tong Ren Tang Healthcare is the flagship platform under the centuries-old "Tong Ren Tang" brand, focusing on integrated medical and eldercare services with Traditional Chinese Medicine (TCM) characteristics. It provides comprehensive TCM medical services for individual customers, standardized management services for institutional clients, and various health products and other products. 

The company has established a "trinity" layout:

• TCM Medical Services: Operates multiple TCM hospitals and chain clinics, with a deep presence in the Beijing-Tianjin-Hebei and Yangtze River Delta regions, , and has also established a digital internet hospital.

• Medical & Healthcare Management: Provides strategic planning and guidance for medical institutions to optimize internal operations and control systems.

• Health Products: Sells Tong Ren Tang branded and self-developed Chinese wellness products, including flagship items like Angong Niuhuang Wan (Natural) and Niuhuang Qingxin Wan.

Based on 2025 total revenue from TCM medical services, Tong Ren Tang Healthcare ranks second in the non-public TCM hospital medical service industry with a 0.2% market share. Leveraging over 350 years of brand heritage, Tong Ren Tang Healthcare has become one of China’s largest private TCM integrated medical and eldercare service groups, featuring a high-standard TCM talent echelon and a standardized chain operation system.

As the Joint Bookrunner and Joint Lead Manager for Tong Ren Tang Healthcare's IPO project, Patrons Financial Group has deeply coordinated this public offering and listing. Leveraging its advantages in industry research and extensive experience in cross-border projects, Patrons has effectively established connection channels with international investors, strongly ensuring the smooth and orderly progress of the project.

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