Hongxing Coldchain (Hunan) Co., Ltd. (Ticker: 1641 HK) is a Chinese logistics services provider specializing in integrated frozen food storage and space leasing. Headquartered in Changsha, Hunan province, the company operates a business model that connects wholesalers and retailers by combining cold storage facilities with trading space leasing. According to the CIC Report cited in its filings, the company was the largest frozen food storage service provider in Central China and the leading provider of frozen food space leasing services in Hunan province by revenue in 2024. Its facilities in Changsha offer a designed storage capacity exceeding one million cubic meters.

Hongxing Coldchain plans to list on the Hong Kong Exchange on January 13, 2026. The company is offering approximately 23.26 million H-shares at a fixed price of HKD 12.26 per share. This IPO is expected to raise HKD 285.20 million (USD 36.64 million), implying a market capitalization of approximately USD 154.76 million. Reportedly, the company plans to use the proceeds for R&D and product capacity expansion, brand promotion, business development, working capital, and strategic acquisitions. The offering is sponsored by ABCI Capital and CCB International Capital.