TC006431)
F0031646 (28), 3449296 (8) & 3153530 (9)
02555.HK), all relevant corporate entities and individuals are entitled to the presumption of innocence under Hong Kong common law prior to any final judicial or tribunal adjudication. 86hc.com maintains strict institutional neutrality and presents objective statutory records for compliance due diligence purposes only.
Founded in Chengdu, Sichuan in 2008, fresh tea beverage chain leader ChaPanda (Chabaidao) listed on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) on 23 April 2024 under the corporate issuer Sichuan Baicha Baidao Industrial Co., Ltd. (Stock Code: 02555.HK, gross IPO proceeds approx. HK$2.586 billion), and opened its first Hong Kong retail store at Far East Bank Mongkok Building on Sai Yeung Choi Street South, Mong Kok on 11 October 2024[1][4]. However, overseas suppliers, commercial landlords, and institutional counterparties frequently encounter confusion when screening "ChaPanda" or "Chabaidao" entities in the Hong Kong Companies Registry (CR).
Cross-verification by 86hc.com against official ICRIS dockets and Note disclosures in the Group's 2024–2025 Annual Reports confirms that three distinct Hong Kong corporate records are associated with ChaPanda, each carrying a fundamentally different legal status[1][2][5]: (1) the HKEX-listed parent company registered under Part 16 of the Companies Ordinance (Cap. 622) as a Registered Non-Hong Kong Company — Sichuan Baicha Baidao Industrial Co., Ltd. (四川百茶百道實業股份有限公司, CR No.: F0031646, BRN: 75635719, Status: Registered / Live on Register); (2) the Group's 100% directly wholly-owned Hong Kong local subsidiary incorporated on 6 September 2024 — Chazhiyun (Hong Kong) Limited (茶之韻香港有限公司, CR No.: 3449296, BRN: 77034797, paid-up capital HK$50,000, Status: Live); and (3) a homonymous private company incorporated in May 2022 that was formally dissolved by deregistration on 13 June 2025 — Chabaidao Group Hongkong Limited (茶百道集團香港有限公司, CR No.: 3153530, BRN: 74051865, Status: Dissolved).
Meanwhile, on 13 October 2026, the Hong Kong Securities and Futures Commission (SFC) exercised its statutory power under Section 8(1) of the Securities and Futures (Stock Market Listing) Rules (Cap. 571V) to direct SEHK to suspend trading in the shares of 02555.HK, while issuing Restriction Notices to 6 licensed brokers freezing up to HK$4,379,463,215 (approx. HK$4.38 billion) in client assets linked to a suspected market manipulation syndicate (involving Sun Ran and 8 corporate entities, including Hong Kong-incorporated FORTUNA CAPITAL MANAGEMENT LIMITED and GEMSTONE CAPITAL MANAGEMENT LIMITED)[6][7]. This flagship dossier provides an end-to-end forensic breakdown of all three Hong Kong corporate records, the cross-border shareholding tree, Wan Chai & Kwun Tong TCSP co-location clusters, FY2025 financial performance, Joint Company Secretary changes, the October 2026 SFC enforcement action, and all 45 official ICRIS filing barcodes.
View "Sichuan Baicha Baidao (F0031646)" Dossier & 28 Filings→View Wholly-Owned Subsidiary "Chazhiyun (Hong Kong) Limited (3449296)"→Verify Dissolved Entity "Chabaidao Group Hongkong (3153530)"→
1. Forensic Comparison of the Three ChaPanda Hong Kong Corporate Entities
When conducting a Hong Kong Company Search or Business Registration Number (BRN) Verification, distinguishing between a Part 16 Registered Non-Hong Kong Company, a Part 1 local wholly-owned subsidiary, and a dissolved homonymous company is critical for contract validity and counterparty KYC. The table below compares the verified statutory particulars of all three entities[1][2][5]:
| Statutory Dimension | Entity 1: Listed Parent (Part 16) Sichuan Baicha Baidao Industrial Co., Ltd. | Entity 2: 100% HK Local Subsidiary Chazhiyun (Hong Kong) Limited | Entity 3: Dissolved Homonymous Entity Chabaidao Group Hongkong Limited |
|---|---|---|---|
| Statutory Chinese Name | 四川百茶百道實業股份有限公司 | 茶之韻香港有限公司 | 茶百道集團香港有限公司 |
| HK Companies Registry No. (CR No.) | F0031646 (F prefix denotes Non-HK Company) | 3449296 | 3153530 |
| Business Registration No. (BRN / UBI) | 75635719 (UBI Barcode: SH001823716) | 77034797 | 74051865 (UBI Barcode: SH001625789) |
| HK Registration / Incorporation Date | 2023-08-22 (Registered under Part 16, Cap. 622) | 2024-09-06 (1 month prior to Mong Kok store opening) | 2022-05-18 Inc. → 2025-06-13 Dissolved |
| Legal Entity Category | Registered Non-Hong Kong Company (PRC Joint-Stock Co., SEHK: 02555.HK) | Private company limited by shares incorporated in HK under Cap. 622 | Private company limited by shares (Dissolved under Cap. 622 s.751(3)) |
| Current Statutory Status | Registered / Live on Register | Live (Active Corporation) | Dissolved by Deregistration |
| Share Capital & Ownership | Registered Capital RMB 147,763,425; Global Offering of 147,763,400 H Shares at HK$17.50 | Issued & paid-up capital HK$50,000; 100% directly held by Sichuan Baicha Baidao Industrial Co., Ltd.[5] | Not a subsidiary in listed Group reports; filed Form NDR1 deregistration on 2025-01-17 |
| Statutory Address in Hong Kong | 46/F, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong | Unit 11-12, Block 1, 29/F, The Millennity, 98 How Ming Street, Kwun Tong, HK | Formerly Rm 04-05, 16/F, Broadway Centre, 54-62 Lockhart Rd, Wan Chai (Now Dissolved) |
| Verified ICRIS Filings | 28 Filings (NN1, Prospectus, 2024–2026 NN3, Audited Accounts, NN5–NN9) | 8 Filings (NNC1, A&A, CI, ND2A/B, NR1, 2025/2026 NAR1) | 9 Filings (NNC1, 2023/2024 NAR1, NDR1 & s.751 Gazette Notices) |
1.1 Forensic Insight 1: Why Does the Listed Issuer Carry an "F" Prefix Company Number (F0031646)?
Under the Hong Kong Companies Ordinance (Cap. 622), companies incorporated outside Hong Kong that establish a place of business in Hong Kong must register under Part 16 (Non-Hong Kong Companies). Sichuan Baicha Baidao Industrial Co., Ltd. was incorporated as a joint-stock company in Chengdu, Sichuan on 31 December 2020. In preparation for its HKEX Main Board H-share listing, the company submitted Form NN1 (Barcode: 22802574007, 11 pages) and certified copies of its PRC incorporation certificate (Barcode: 22802574009) to the Hong Kong Companies Registry, receiving its Certificate of Registration of Non-Hong Kong Company (Barcode: 40020881878) on 22 August 2023 under registration number F0031646[1]. Following the implementation of Phase 2 of the Unique Business Identifier (UBI) regime on 27 December 2023, its 8-digit Business Registration Number 75635719 (Barcode: SH001823716) serves as its unified statutory identifier across Hong Kong regulatory agencies[2].
1.2 Forensic Insight 2: Why Is the Official Hong Kong Subsidiary Named "Chazhiyun (Hong Kong) Limited (3449296)"?
According to the "Particulars of Principal Subsidiaries" Note in the Group's audited consolidated financial statements for FY2024 and FY2025, the listed company's sole 100% directly wholly-owned Hong Kong local subsidiary is Chazhiyun (Hong Kong) Limited (CR No.: 3449296, BRN: 77034797), incorporated on 6 September 2024 with an issued and fully paid-up share capital of HK$50,000 and principal activity designated as "Investment holding"[1][5]:
- Name Pre-emption & Cleanup of Homonymous Entity (
3153530): Prior to the listed Group's Hong Kong subsidiary incorporation, a private company named Chabaidao Group Hongkong Limited (CR No.:3153530) had been incorporated on 18 May 2022. That entity filed an Application for Deregistration (Form NDR1, Barcode:22702840484) on 17 January 2025, was gazetted under Section 751(1) on 14 February 2025 (Barcode:40023578076), and was officially dissolved on 13 June 2025 under Section 751(3) (Barcode:40024232107)[1]; - Pre-Opening Incorporation for Hong Kong Retail Launch: The listed parent incorporated Chazhiyun (Hong Kong) Limited (
3449296) on 6 September 2024 — exactly 35 days before the grand opening of ChaPanda's first Hong Kong flagship store at Shop 30, G/F, Far East Bank Mongkok Building, 26–36 Sai Yeung Choi Street South, Mong Kok on 11 October 2024[5].
Any commercial contract, master franchise agreement, or procurement order purporting to be executed by Chabaidao Group Hongkong Limited (CR No.: 3153530) after 13 June 2025 is legally void for lack of corporate capacity, as the company was dissolved upon publication of the Section 751(3) Gazette Notice (Barcode: 40024232107). Counterparties contracting with ChaPanda's official Hong Kong operations must verify either the listed parent Sichuan Baicha Baidao Industrial Co., Ltd. (F0031646) or its wholly-owned subsidiary Chazhiyun (Hong Kong) Limited (3449296).
2. Cross-Border Shareholding Architecture, Key Subsidiaries & Overseas Retail Footprint
Per the Global Offering Prospectus (Barcode: 22702748406, 2,516 pages) and the FY2025 Audited Financial Statements (Barcode: 70006161351, 150 pages), founder and Chairman Wang Xiaokun and his spouse Liu Weihong constitute the controlling shareholder group of 02555.HK. The Group operates a dual-loop corporate structure combining domestic supply chain subsidiaries with offshore holding vehicles in Hong Kong, Singapore, and South Korea[1][4][5]:
| Subsidiary Legal Name | Place & Date of Inc. | Issued / Registered Capital | Group Equity | Statutory Role & Principal Activity |
|---|---|---|---|---|
Chazhiyun (Hong Kong) Limited茶之韻香港有限公司 | Hong Kong2024-09-06 | HK$ 50,000 | 100% (Direct) | Hong Kong & overseas investment holding hub (CR: 3449296 / BRN: 77034797) |
| FRESH TEA EVERYDAY PTE. LTD. | Singapore2024-10-21 | SGD 10,000 | 100% (Wholly-owned) | Southeast Asia investment holding & Singapore store operations |
| ChaPanda Korea Co., Ltd. | Republic of Korea2025-01 | KRW Statutory Capital | 55% (Controlling) | South Korea store operations & brand franchising (Seoul Gangnam, Hongdae, Myeongdong) |
| Sichuan Shuxin Tongyuan Enterprise Management Consulting Co., Ltd. | Chengdu, PRC2020-12-29 | RMB 150,000,000 | 100% (Direct) | Core operating hub managing 8,600+ franchised stores & brand licensing |
| Hainan Kafu Rui Supply Chain Technology Co., Ltd. | Hainan, PRC2021-06-07 | RMB 30,000,000 | 100% (Indirect) | Core tea base, fruit preparation & dairy supply chain procurement |
| Sichuan Chabaidao New Agriculture Development Co., Ltd. | Chengdu, PRC2021-01-13 | RMB 62,000,000 | 100% (Indirect) | Upstream tea leaf cultivation & processing base |
| Chengdu Senmian New Materials Technology Co., Ltd. | Chengdu, PRC2021-04-06 | RMB 50,000,000 | 100% (Indirect) | In-house manufacturing of biodegradable straws & eco-friendly packaging |
As of 31 December 2025, ChaPanda operated 8,621 stores in Mainland China (with 46.1% located in Tier-3 and below cities) and 38 overseas stores across Hong Kong (Mong Kok Sai Yeung Choi Street South flagship opened on 11 October 2024), South Korea, Singapore, Thailand, Malaysia, and Australia[5].
3. Wan Chai Hopewell Centre & Kwun Tong The Millennity Address Clusters & Licensed TCSP Penetration
Using the 86hc.com Hong Kong Registered Address & Co-Tenant Penetration Tool, we can map the distinct corporate secretarial ecosystems hosting the listed parent company in Wan Chai and its local subsidiary in Kwun Tong[1][3]:
| Spatial Dimension | Listed Issuer Principal Place of Business: 46/F, Hopewell Centre, 183 Queen's Road East, Wan Chai | Wholly-Owned Subsidiary Registered Office: Unit 11-12, Block 1, 29/F, The Millennity, 98 How Ming St, Kwun Tong |
|---|---|---|
| ChaPanda Entity | Sichuan Baicha Baidao Industrial Co., Ltd. (F0031646) | Chazhiyun (Hong Kong) Limited (3449296) |
| Co-Located Corporations | 45 Active & Historical Corporations | 137 Active & Historical Corporations |
| Resident Licensed TCSPs & Licences |
• Computershare Hong Kong Development Limited (CR: 1831934 · TCSP: TC006310)• Computershare Hong Kong Trustees Limited (CR: 1383986 · TCSP: TC000778)• Computershare Hong Kong Investor Services Limited (CR: 0027040 · H-Share Registrar)
|
• UNION PROFESSIONAL LIMITED (CR: 2383382 · BRN: 66225923 · TCSP Licence: TC003683)• UP CPA & Co. (AFRC Registered CPA Firm Reg. No.: 2477)
|
| Sample Co-Located Issuers |
• KELUN-BIOTECH (HONG KONG) CO., LIMITED (3331650)• CRRC TIMES ELECTRIC (HONG KONG) CO., LIMITED ( 1637621)
| 137 cross-border trading, investment holding, and private limited corporations |
| Statutory Address Filing | Confirmed via Form NN9 (Barcode: 22802719443) filed on 2024-07-18 | Relocated via Form NR1 (Barcode: 23002516294) filed on 2025-08-15 |
4. FY2024–FY2025 Financial Breakdown (RMB 5.395B Revenue) & Corporate Governance Evolution
4.1 Audited Financial Highlights: 94.9% Revenue Driven by B2B Supply Chain Sales
According to the FY2025 Audited Consolidated Financial Statements filed with the Hong Kong Companies Registry on 3 September 2026 (Barcode: 70006161351, 150 pages, audited by Deloitte Touche Tohmatsu), ChaPanda generates nearly 95% of its revenue from selling tea leaves, dairy products, fruit preparations, packaging materials, and equipment to its franchisee network[1][5]:
| Audited Financial & Operational Metric | FY2024 (RMB) | FY2025 (RMB) | YoY Change & Revenue Mix |
|---|---|---|---|
| Total Revenue | 4,918.0 Million | 5,395.07 Million (RMB 5.395B) | +9.7% YoY |
| — Sales of Goods & Equipment | 4,652.0 Million (94.6%) | 5,121.0 Million (94.9%) | Core supply chain sales to franchised stores |
| — Royalty & Franchising Income | 213.0 Million (4.3%) | 216.0 Million (4.0%) | Brand licensing & ongoing operational support |
| Gross Profit | 1,535.0 Million | 1,754.0 Million | Consolidated gross margin approx. 32.5% |
| Profit for the Year (Net Profit) | 479.8 Million | 821.36 Million | +71.2% YoY |
| Profit Attributable to Owners | 472.0 Million | 804.90 Million | +70.5% YoY · Basic EPS RMB 0.547 |
| Adjusted Net Profit (Non-IFRS) | 645.0 Million | 833.34 Million | +29.2% YoY |
| Year-End Store Network | 8,395 Stores (8,381 PRC + 14 Overseas) | 8,659 Stores (8,621 PRC + 38 Overseas) | Q4 2025 product launches drove same-store GMV recovery |
4.2 Governance Trajectory in ICRIS Filings: Joint Company Secretary & Authorized Representative Changes (2024–2026)
Examination of the 28 ICRIS filings for F0031646 reveals three key governance transitions since its April 2024 IPO[1]:
- 23 September 2025 (Filed 29 September 2025): Lee Chung Shing Resigns → Chow Shing Lung Appointed
PerForm NN6(Barcode:22001884402) andForm NN8(Barcode:22001884401), Lee Chung Shing resigned as Joint Company Secretary and Part 16 Authorized Representative effective 23 September 2025, succeeded by Chow Shing Lung (serving alongside PRC Joint Company Secretary Xue Zenghui); - 27 March 2026 Filing: Chow Shing Lung Resigns → Chan Ching Nga Appointed
Six months later, on 27 March 2026, the company filedForm NN6(Barcode:70005577661, 3 pages) andForm NN8(Barcode:70005577766, 3 pages), recording the resignation of Chow Shing Lung and the appointment of Chan Ching Nga as Joint Company Secretary, SEHK Listing Rule 3.05 Authorized Representative (alongside Executive Director Chen Keyuan), and Part 16 Process Agent in Hong Kong; - 28 May 2026 Filing: 3rd Session of the Board & Constitutional Overhaul (
Form NN5)
On 28 May 2026, the company filedForm NN5(Barcode:22002046720, 53 pages) and its revised constitutional instrument (Barcode:22002046721, 51 pages), consolidating internal financial and governance oversight under the Board's Audit Committee in alignment with the revised PRC Company Law, with Executive Directors Wang Xiaokun (Chairman), Wang Hongxue (General Manager), Dai Li, Chen Keyuan, and Gu Jilin.
5. October 2026 SFC Rule 8(1) Trading Suspension & HK$4.38 Billion Restriction Notice Breakdown
The following timeline is compiled objectively from the official enforcement press release of the Hong Kong Securities and Futures Commission (SFC) dated 13 October 2026, Board announcements of Sichuan Baicha Baidao Industrial Co., Ltd. (02555.HK) dated 14–15 October 2026, and index/Stock Connect notices dated 22–23 October 2026[6][7][8]. All parties remain entitled to the presumption of innocence while regulatory inquiries proceed.
5.1 Timeline of the October 2026 Regulatory Suspension & Index Removal
13 October 2026 (09:00 HKT): SFC Directs Trading Suspension Under Cap. 571V Section 8(1)
Exercising its statutory power under Section 8(1) of the Securities and Futures (Stock Market Listing) Rules (Cap. 571V), the SFC directed SEHK to suspend all trading in the H shares of Sichuan Baicha Baidao Industrial Co., Ltd. (02555.HK) effective 09:00 on 13 October 2026 (last closing price prior to suspension: HK$4.035, down 76.9% from its HK$17.50 IPO offer price; market capitalization approx. HK$5.962 billion)[6].
Record HK$4,379,463,215 Asset Freeze Across 6 Brokers via SFC Restriction Notices
Simultaneously, the SFC announced that it had issued Restriction Notices to 6 licensed brokers, freezing up to HK$4,379,463,215 (approx. HK$4.38 billion) in client accounts linked to a suspected syndicate — the largest asset freeze via restriction notices in SFC history[6]. The SFC stated that its investigation concerns suspected market manipulation during Baicha Baidao's April 2024 IPO and placing to create a false or misleading appearance of demand, alleging that undisclosed arrangements were made to siphon off IPO proceeds under the guise of "financial product investments" back to key placees, alongside wash-style trading during the first three listing days.
14–15 October 2026: Board Response Confirming Normal Store & Business Operations
The Board of 02555.HK published formal announcements on HKEXnews confirming receipt of the SFC's Section 8(1) notice, stating that the Company is urgently seeking legal advice and cooperating with the SFC, while confirming that the Group's daily business and retail store operations remain normal[7].
22–23 October 2026: Hang Seng Index Write-Down to HK$0.0001 & Stock Connect Removal
Hang Seng Indexes Company Limited wrote down the index calculation price of 02555.HK to HK$0.0001 after market close on 22 October 2026 and removed the stock from the Hang Seng Composite Index (HSCI) series effective 23 October 2026; on the same date, the Shanghai and Shenzhen Stock Exchanges removed 02555.HK from the eligible securities list of Southbound Stock Connect[8].
5.2 Corporate Penetration of the 8 Entities Named in the SFC Restriction Notices
The SFC's Restriction Notices targeted accounts controlled by or associated with Sun Ran and 8 corporate entities suspected of participating in IPO placing manipulation across Baicha Baidao and two other HKEX issuers[6]. Cross-referencing against the 86hc.com Hong Kong corporate registry confirms that 2 of the 8 named entities are Hong Kong-incorporated private companies:
| No. | Entity Named in SFC Restriction Notice | Jurisdiction / HK Identifiers | 86hc.com Statutory Registry Penetration |
|---|---|---|---|
01 | FORTUNA CAPITAL MANAGEMENT LIMITED ( 沃富資產管理有限公司) | Hong Kong Local Co. CR: 1779891 · BRN: 60155916 | Incorporated in HK on 2012-07-30 (formerly Goldocean Fortuna Capital Management Limited); registered office at Rm 2115-16, 21/F, China Merchants Tower, Shun Tak Centre, Sheung Wan; Status: Live. |
02 | GEMSTONE CAPITAL MANAGEMENT LIMITED ( 卓石資本有限公司) | Hong Kong Local Co. CR: 2510236 · BRN: 67501116 | Incorporated in HK on 2017-03-13; registered office at Rm 1501, Low Block, Grand Millennium Plaza, 181 Queen's Road Central, Hong Kong; Status: Live. |
03 | Fortuna Fund SPC | Cayman Islands SPC | Offshore segregated portfolio company named in the 2026-10-13 SFC asset freeze. |
04 | Trade Power Investments Limited | Offshore Entity (BVI) | Named in the 2026-10-13 SFC Restriction Notice asset freeze. |
05 | Wisdom Steps Limited | Offshore Entity (BVI) | Named in the 2026-10-13 SFC Restriction Notice asset freeze. |
06 | Joyrone Limited | Offshore Entity (BVI) | Named in the 2026-10-13 SFC Restriction Notice asset freeze. |
07 | Toprank Capital Limited | Offshore Entity | Named in the 2026-10-13 SFC Restriction Notice asset freeze. |
08 | Blue Amber International Selection SPC | Cayman Islands SPC | Offshore segregated portfolio company named in the 2026-10-13 SFC asset freeze. |
6. Complete Schedule of 45 Official ICRIS Filing Barcodes Across All Three Entities
To assist legal counsel, sponsor compliance teams, auditors, and commercial counterparties in retrieving primary statutory documents, the tables below catalogue the verified ICRIS filing barcodes across all three Hong Kong corporate records (28 + 8 + 9 = 45 filings)[1]:
6.1 Listed Parent "Sichuan Baicha Baidao Industrial Co., Ltd. (CR: F0031646)" — Key ICRIS Filings (28 Total)
| Filing Date | Form Code | Statutory Document Title | ICRIS Barcode | Pages | Forensic Verification Value |
|---|---|---|---|---|---|
2026-09-03 | NN3 | 2026 Annual Return of Registered Non-Hong Kong Company (Form NN3) | 70006161349 | 15 p | [Latest Priority] 2026 statutory register of directors, joint company secretaries & HK process agent |
2026-09-03 | ACCTS | Accounts (FY2025 Audited Consolidated Financial Statements) | 70006161351 | 150 p | Audited FY2025 revenue (RMB 5.395B), net profit (RMB 821.4M) & subsidiary schedule |
2026-05-28 | NN5 | Notice of Approval of Alteration of Constitutional Documents (Form NN5) | 22002046720 | 53 p | 3rd Board transition & internal oversight consolidation (with revised charter 22002046721, 51p) |
2026-03-27 | NN6 / NN8 | Change of Company Secretary/Director (NN6) & Authorized Representative (NN8) | 7000557766170005577766 | 3 p 3 p | Resignation of Chow Shing Lung; appointment of Chan Ching Nga as Joint Co. Secretary & Process Agent |
2026-02-12 | NN7 | Notice of Change in Particulars of Company Secretary and Director (Form NN7) | 70005437950 | 3 p | Statutory update of director and company secretary particulars |
2025-09-29 | NN6 / NN8 | Change of Company Secretary/Director (NN6) & Authorized Representative (NN8) | 2200188440222001884401 | 3 p 3 p | Resignation of Lee Chung Shing; appointment of Chow Shing Lung effective 2025-09-23 |
2025-09-23 | NN3 / ACCTS | 2025 Annual Return (Form NN3) & FY2024 Audited Accounts | 7000497989270004979894 | 15 p 150 p | 2025 Annual Return & first post-IPO full-year audited financial report |
2024-09-25 | NN3 / ACCTS | 2024 Annual Return (Form NN3) & FY2023 Audited Accounts | 2340227316623402273167 | 15 p 74 p | First post-IPO Form NN3 & FY2023 audited financial statements |
2024-07-18 | NN9 / NN5 | Notice of Change of Address (Form NN9) & Alteration of Charter (Form NN5) | 2280271944322802719444 | 2 p 48 p | Confirms 46/F Hopewell Centre principal place of business (with charter 22802719445) |
2024-05-20 | NN5 / NN6 / SFO | Post-IPO Charter Alteration (NN5), Officer Change (NN6) & Cap. 571 Register Notices | 220015956822200159568422001595807 | 48 p 7 p 1 p | Post-IPO charter activation (plus 22001595683 & s.336 register notice 22001595808) |
2024-04-12 | PROSP | Global Offering Prospectus & Certificate of Authorization for Registration | 2270274840622702748408 | 2516 p 2 p | Full statutory IPO Prospectus (plus ancillary filings 22702748404 & 22702748407) |
2023-08-22 | NN1 / CI | Application for Registration as Non-HK Company (NN1) & Certificate of Reg. | 2280257400740020881878 | 11 p 1 p | Initial Part 16 registration (plus PRC CI 22802574009, charter 22802574010 & UBI SH001823716) |
6.2 Wholly-Owned Subsidiary "Chazhiyun (Hong Kong) Limited (CR: 3449296)" — All 8 ICRIS Filings
| Filing Date | Form Code | Statutory Document Title | ICRIS Barcode | Pages | Forensic Verification Value |
|---|---|---|---|---|---|
2026-09-07 | NAR1 | 2026 Annual Return (Form NAR1) | 22903118382 | 9 p | [Latest Priority] Confirms 100% shareholding by Sichuan Baicha Baidao (HK$50,000) & current directors |
2025-09-09 | NAR1 | 2025 Annual Return (Form NAR1) | 22902995951 | 9 p | First anniversary statutory Annual Return |
2025-08-15 | ND2A / ND2B | Notice of Change of Company Secretary & Director (ND2A) & Particulars (ND2B) | 2300251629323002516295 | 3 p 3 p | Appointment of Union Professional Limited (TC003683) as Company Secretary |
2025-08-15 | NR1 | Notice of Change of Address of Registered Office (Form NR1) | 23002516294 | 1 p | Relocation to Unit 11-12, Block 1, 29/F, The Millennity, 98 How Ming Street, Kwun Tong |
2024-09-06 | NNC1 / A&A / CI | Incorporation Form (NNC1) · Articles of Association (A&A) · Certificate of Inc. (CI) | 228027395342280273953540022754110 | 8 p 16 p 1 p | Founding incorporation dockets (35 days prior to Mong Kok store launch) |
6.3 Dissolved Homonymous Entity "Chabaidao Group Hongkong Limited (CR: 3153530)" — All 9 ICRIS Filings
| Filing Date | Form Code | Statutory Document Title | ICRIS Barcode | Pages | Forensic Verification Value |
|---|---|---|---|---|---|
2025-06-13 | GAZ_751_3 | Gazette Notice Published Pursuant to Section 751(3) of the Companies Ordinance | 40024232107 | 1 p | [Proof of Dissolution] Officially deregistered and dissolved upon publication |
2025-02-14 | GAZ_751_1 | Gazette Notice Published Pursuant to Section 751(1) of the Companies Ordinance | 40023578076 | 1 p | First Gazette notice of proposed deregistration (3-month objection window) |
2025-01-17 | NDR1 | Application for Deregistration of Private Company (Form NDR1) | 22702840484 | 5 p | Voluntary deregistration application with IRD Notice of No Objection |
2022–2024 | NAR1 / NNC1 | 2024 NAR1 (22902859702), UBI (SH001625789), 2023 NAR1 (22502304629), 2022 NNC1/A&A/CI | 22902859702 etc. | 9 p etc. | Historical filings prior to dissolution (including 2022-05-18 NNC122902550001 & CI40019024425) |
7. Frequently Asked Questions (FAQ) on ChaPanda Hong Kong Entities & SFC Suspension
Q1: What is the official legal name, CR number, and BRN of ChaPanda (Chabaidao) in Hong Kong?
ChaPanda maintains two active statutory registrations in Hong Kong: (1) its HKEX-listed parent company, Sichuan Baicha Baidao Industrial Co., Ltd. (02555.HK), registered on 22 August 2023 under Part 16 of the Companies Ordinance (Cap. 622) with CR No. F0031646 and BRN 75635719; and (2) its 100% directly wholly-owned Hong Kong local subsidiary, Chazhiyun (Hong Kong) Limited, incorporated on 6 September 2024 with CR No. 3449296, BRN 77034797, and paid-up share capital of HK$50,000.
Q2: Is "Chabaidao Group Hongkong Limited (CR No.: 3153530)" an active subsidiary of ChaPanda?
No. While Chabaidao Group Hongkong Limited (CR No.: 3153530, BRN: 74051865) was incorporated on 18 May 2022, it was never disclosed as a principal subsidiary in the listed Group's annual reports, filed Form NDR1 for deregistration on 17 January 2025 (Barcode: 22702840484), and was officially dissolved on 13 June 2025 pursuant to Section 751(3) of the Companies Ordinance (Barcode: 40024232107). It no longer possesses legal capacity to enter into contracts.
Q3: Where are ChaPanda's Hong Kong registered offices and first retail store located?
The listed parent company (F0031646) maintains its principal place of business in Hong Kong at 46/F, Hopewell Centre, 183 Queen's Road East, Wan Chai (co-located with Computershare's licensed TCSPs TC006310 and TC000778, with Chan Ching Nga serving as Joint Company Secretary and Part 16 Authorized Representative). The wholly-owned local subsidiary Chazhiyun (Hong Kong) Limited (3449296) is registered at Unit 11-12, Block 1, 29/F, The Millennity, 98 How Ming Street, Kwun Tong, hosted by licensed TCSP UNION PROFESSIONAL LIMITED (Licence No.: TC003683). Its first Hong Kong retail store opened on 11 October 2024 at Shop 30, G/F, Far East Bank Mongkok Building, 26–36 Sai Yeung Choi Street South, Mong Kok.
Q4: Why did the Hong Kong SFC suspend trading in 02555.HK and freeze HK$4.38 billion on 13 October 2026?
On 13 October 2026, the SFC directed SEHK to suspend trading in 02555.HK under Section 8(1) of Cap. 571V and issued Restriction Notices to 6 brokers freezing up to HK$4,379,463,215 in assets linked to a suspected syndicate (involving Sun Ran and 8 corporate entities, including HK-registered FORTUNA CAPITAL MANAGEMENT LIMITED [CR: 1779891] and GEMSTONE CAPITAL MANAGEMENT LIMITED [CR: 2510236]). The SFC's investigation concerns suspected manipulation of Baicha Baidao's April 2024 IPO and undisclosed arrangements to siphon off IPO proceeds back to key placees under the guise of "financial product investments". The Board of 02555.HK stated that it is cooperating with the SFC and that store operations remain normal; the stock was subsequently removed from the Hang Seng Composite Index and Southbound Stock Connect effective 23 October 2026.
Q5: Which official ICRIS filings should counterparties retrieve before contracting with ChaPanda in Hong Kong?
Counterparties contracting with the local subsidiary Chazhiyun (Hong Kong) Limited (3449296) should retrieve its 2026 Annual Return (Form NAR1, Barcode: 22903118382, filed 2026-09-07) and Form ND2A (Barcode: 23002516293) to verify signing directors. Counterparties contracting with the listed parent Sichuan Baicha Baidao Industrial Co., Ltd. (F0031646) should retrieve its 2026 Annual Return of Registered Non-Hong Kong Company (Form NN3, Barcode: 70006161349) and March 2026 Form NN8 (Barcode: 70005577766).
8. Authoritative References & Statutory Sources
- Hong Kong Companies Registry Integrated Companies Registry Information System (ICRIS): Official statutory dockets for Sichuan Baicha Baidao Industrial Co., Ltd. (CR No.:
F0031646, 28 filings including Cert. of Reg.40020881878, Prospectus22702748406, 2026 Form NN370006161349, FY2025 Audited Accounts70006161351, and 2026 Form NN6/NN870005577661/70005577766); Chazhiyun (Hong Kong) Limited (CR No.:3449296, 8 filings including Form NNC122802739534and 2026 Form NAR122903118382); and Chabaidao Group Hongkong Limited (CR No.:3153530, 9 filings including Form NDR122702840484and s.751(3) Dissolution Gazette Notice40024232107). Official Registry: www.e-services.cr.gov.hk ↗ | Live Profiles: Sichuan Baicha Baidao · Chazhiyun HK · Chabaidao Group HK. - Inland Revenue Department — Business Registration Office (BRO): Statutory Business Registration Numbers (UBI) issued under the Business Registration Ordinance (Cap. 310):
75635719,77034797, and74051865. - Companies Registry Register of Trust or Company Service Providers (TCSP) & Accounting and Financial Reporting Council (AFRC) Public Register:UNION PROFESSIONAL LIMITED (CR:
2383382, TCSP Licence:TC003683), Computershare Hong Kong Development Limited (CR:1831934, TCSP Licence:TC006310), Computershare Hong Kong Trustees Limited (CR:1383986, TCSP Licence:TC000778), and UP CPA & Co. (AFRC Reg. No.:2477). Platform Directory: Hong Kong Licensed TCSP Register. - HKEXnews (The Stock Exchange of Hong Kong Limited): Global Offering Prospectus of Sichuan Baicha Baidao Industrial Co., Ltd. (Stock Code:
02555.HK, ISIN:CNE100006G23, published 15 April 2024, listed 23 April 2024, Sole Sponsor: CICC) and March/May 2026 corporate governance announcements. Portal: www.hkexnews.hk ↗. - Sichuan Baicha Baidao Industrial Co., Ltd. (02555.HK) 2024 & 2025 Annual Reports (Audited by Deloitte Touche Tohmatsu, ICRIS Barcodes: 70004979894 & 70006161351): Notes to the Consolidated Financial Statements — Particulars of Principal Subsidiaries (Chazhiyun (Hong Kong) Limited, incorporated in Hong Kong on 2024-09-06, issued & paid-up capital HK$50,000, 100% direct equity attributable to the Group, principal activity: investment holding; FRESH TEA EVERYDAY PTE. LTD.; Sichuan Shuxin Tongyuan, etc.) and FY2025 Financial Highlights.
- Securities and Futures Commission (SFC) Enforcement Press Release (13 October 2026):"SFC directs suspension of trading in shares of Sichuan Baicha Baidao (02555.HK) and issues restriction notices to six brokers to freeze HK$4.38 billion over suspected market manipulation in three IPOs" (Pursuant to Section 8(1) of Cap. 571V, naming Sun Ran and 8 corporate entities including FORTUNA CAPITAL MANAGEMENT LIMITED [CR:
1779891] and GEMSTONE CAPITAL MANAGEMENT LIMITED [CR:2510236]). Official Portal: www.sfc.hk ↗ | Platform Profiles: Fortuna Capital · Gemstone Capital. - HKEXnews Regulatory Announcements (14–15 October 2026): Inside Information & Trading Suspension Announcements of Sichuan Baicha Baidao Industrial Co., Ltd. (02555.HK) in response to the SFC's direction under Section 8(1) of Cap. 571V and confirming normal business operations.
- Hang Seng Indexes Company Limited Index Notice & Shanghai/Shenzhen Stock Exchange Southbound Stock Connect Notices (22–23 October 2026): Write-down of
02555.HKindex price toHK$0.0001on 2026-10-22, removal from the Hang Seng Composite Index series effective 2026-10-23, and removal from Southbound Stock Connect effective 2026-10-23.