The story of Yip’s Chemical Holdings Limited (Hong Kong Stock Code: 408), formerly known as Hang Cheung Hong, begins in 1971 in a tiny store of 40 square feet selling thinner in Sai Wan, Hong Kong. From these humble beginnings, the business has grown into one of the largest chemical companies in the world. Yip’s Chemical Holdings expanded gradually, until in 1991, it became a chemical enterprise listed on the Main Board of the Hong Kong Stock Exchange. Over half a century, the Group has focused on the production, sales and marketing of chemical products, including architectural and industrial coatings, inks, resins and lubricants. In addition, the Group has invested significantly in upstream acetate solvents through Handsome Chemical, the largest producer of acetate solvents in the world and an associate of the Group.

Headquartered in Hong Kong, Yip’s Chemical has several production plants in Mainland China, and a team of staff totaling around 2,500. The Group’s core businesses have established leading positions in China with an extensive manufacturing and sales network covering all major provinces and cities across China. Its “Bauhinia Variegata” ink subsidiary is the largest inks manufacturer in China; ‘Hang Cheung’ coatings holds the top market share in China’s high-end toy coatings segment; Bauhinia Advanced Materials Group also operates well-known brands including “Bauhinia” and “Camel” paints as well as “Da Chang” polymers; while “Hercules” and “Pacoil” lubricants rank among the market leaders. In 2025, the Group acquired a 60% stake in “Sino-Hypro”, a leading enterprise in chemical vapours emissions recovery and treatment in China. The acquisition enables the Group to further expand its business footprint into the chemical vapours emissions recovery and treatment sector, reinforce its strategy in green chemical development, and fortify its positioning as “a leading development platform for chemical businesses”.

Leveraging its stable shareholder structure, extensive nationwide manufacturing and sales network, and a dynamic portfolio of strong brands, the Group has built a robust foundation in the domestic chemical industry. Going forward, the Group will drive sustainable innovation in chemical operations and accelerate the development of a more scalable and resilient platform.