Hangzhou Tongshifu Cultural & Creative Group Co Ltd (Ticker: 664 HK) is a China-domiciled company specializing in copper-based cultural and creative products. The company integrates traditional techniques with modern design to produce crafts, licensed toys, and artworks, expanding its portfolio to include gold, silver, and plastic materials. According to Frost & Sullivan, Tongshifu ranked first in China’s copper-based cultural and creative crafts market by revenue in 2024, holding a 35.0% market share. The company plans to list on the Main Board of the Hong Kong Stock Exchange on March 31, 2026.

Tongshifu is offering 7.41 million H shares at an expected price range of HKD 60.00 to HKD 68.00, aiming to raise approximately HKD 503.66 million (equivalent to USD 64.29 million). Based on this price range, the company’s estimated market capitalization is between USD 493 million and USD 558 million. According to the prospectus, the proceeds will be used for research and development, expanding production capacity, brand promotion, business development, working capital, and strategic acquisitions. The offering is sponsored by CMB International, with an underwriting group including ABCI Capital, CLSA, and Futu Securities.