On July 4, 2025, Anjoy Foods Group Co., Ltd. (stock short name: “Anjoy Foods”, stock code: 02648.HK) was successfully listed on the Main Board of the Hong Kong Stock Exchange, marking it as the first Chinese frozen food enterprise to complete dual listings on both the Shanghai and Hong Kong stock exchanges. The company offered approximately 39.99 million shares globally at an offer price of HKD 60.00 per share, raising approximately HKD 2.4 billion in total proceeds.
In this transaction, Davis Polk & Wardwell and Tian Yuan Law Firm acted as the issuer’s legal advisors on Hong Kong & U.S. law and PRC law, respectively.

Goldman Sachs and China International Capital Corporation served as joint sponsors. Clifford Chance and Haiwen & Partners provided legal services to the joint sponsors and underwriters on Hong Kong & U.S. law and PRC law, respectively.
Founded in 2001, Anjoy Foods specializes in the R&D, production, and sales of frozen prepared foods, frozen ready meals, and frozen rice and flour products. The company has grown into a leading enterprise in China’s frozen food industry, serving a wide range of consumption scenarios including households, restaurants, and out-of-home dining. On February 22, 2017, Anjoy Foods completed its initial public offering and was listed on the Main Board of the Shanghai Stock Exchange.