Annual Listing Fees

Initial Public Offerings (IPO)

Annual Listing Fees

	Initial Listing Fees
	Annual Listing Fees

Initial Listing Fees

In the case of an issue of equity securities by a new applicant, an initial listing fee shall be payable on the application for listing based on the monetary value of the equity securities to be listed. The initial listing fee is payable at the same time as the submission of the listing application.

Monetary Value of Equity Securities to be Listed (HK$ million)		Initial Listing Fee (HK$)
Not exceeding	100	150,000
	200	175,000
	300	200,000
	400	225,000
	500	250,000
	750	300,000
	1,000	350,000
	1,500	400,000
	2,000	450,000
	2,500	500,000
	3,000	550,000
	4,000	600,000
	5,000	600,000
Over	5,000	650,000

Notes:

1.	For secondary listings on the Main Board, the initial listing fee is normally 25% of the fees listed above, subject to a minimum payment of HK$150,000.

2.	For transfer from GEM to the Main Board, the initial listing fee payable by GEM listed issuer is at 50% discount.

Annual Listing Fee

Listed companies are required to pay an annual listing fee which shall be calculated by reference to the nominal value of the securities which are or are to be listed on the Exchange. This fee is payable in advance in one instalment.

Nominal Value of Listed Equity Securities (HK$ million)		Annual Listing Fee (HK$)
Not exceeding	200	145,000
	300	172,000
	400	198,000
	500	224,000
	750	290,000
	1,000	356,000
	1,500	449,000
	2,000	541,000
	2,500	634,000
	3,000	726,000
	4,000	898,000
	5,000	1,069,000
Over	5,000	1,188,000

Notes:

1.	Where an issuer has shares which have a nominal value of less than HK$0.25, then for the purpose of calculating the annual listing fee, the nominal value of each share shall be deemed to be HK$0.25.

2.	For secondary listings on the Main Board, the annual fee is normally 25% of the fees listed above.

3.	For HDR issuers, the "nominal value of listed equity securities" refers to the nominal value of the shares represented by the DRs.

(Source: Hong Kong Exchanges and Clearing Limited)

For any enquiries, please contact Mr. Ivan Wong at 2317 4045, via fax 2317 4049 or via email.