--- page 1 ---
– 1 –
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited
(the “ Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC”)
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the
same meanings as those defined in the prospectus dated 28 May 2026 (the “ Prospectus ”) of
Lung Fung Group Holdings Limited (ʮ̡) (the “ Company ”).
This announcement is for information purposes only and does not constitute an invitation
or offer to acquire, purchase or subscribe for any securities. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about the
Company and the Global Offering described below before deciding whether or not to invest
in the Offer Shares. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication, distribution, directly or indirectly, in or
into the United States (including its territories and possessions, any state of the United States
and the District of Columbia). This announcement does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in the United States or in any other
jurisdictions. The Offer Shares have not been, and will not be, registered under the United
States Securities Act of 1933 as amended from time to time (the “ U.S. Securities Act ”) or
securities law of any state or other jurisdiction of the United States. The Offer Shares may not
be offered, sold, pledged or otherwise transferred within the United States, except pursuant to
an available exemption from, or in a transaction not subject to, the registration requirements
of the U.S. Securities Act. There will be no public offer of the Offer Shares in the United
States. The Offer Shares are being offered and sold solely outside the United States in offshore
transactions in reliance on Regulation S under the U.S. Securities Act.
In connection with the Global Offering, DBS Asia Capital Limited acts as the Sole Sponsor,
Sponsor-Overall Coordinator and Overall Coordinator.
Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinator (for
itself and on behalf of the Hong Kong Underwriters) shall be entitled to terminate the Hong
Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events
set out in the section headed “Underwriting — Underwriting Arrangements and Expenses —
Hong Kong Public Offering — Grounds for Termination” in the Prospectus at any time prior
to 8:00 a.m. on the day that trading in the Shares commences on the Stock Exchange (which is
currently expected to be on Friday, 5 June, 2026).


--- page 2 ---
– 2 –
Lung Fung Group Holdings Limited
ʮ ̡
(Incorporated in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under
the Global Offering
: 125,000,000 Shares
Number of Hong Kong Offer Shares : 12,500,000 Shares
Number of International Offer Shares : 112,500,000 Shares
Final Offer Price : HK$5.18 per Offer Share plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
Stock Exchange trading fee of 0.00565%,
and AFRC transaction levy of 0.00015%
(payable in full on application in Hong
Kong dollars, subject to refund)
Nominal value : HK$0.0001 per Share
Stock code : 2290
Sole Sponsor, Overall Coordinator, Sole Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers
(in alphabetical order)


--- page 3 ---
– 3 –
LUNG FUNG GROUP HOLDINGS LIMITED (ʮ̡)
ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the
same meanings as those defined in the prospectus dated 28 May 2026 (the “ Prospectus ”)
issued by Lung Fung Group Holdings Limited (ʮ̡) (the “ Company ”).
Warning: In view of high concentration of shareholding in a small number of
Shareholders, Shareholders and prospective investors should be aware that the price
of the Shares could move substantially even with a small number of Shares traded and
should exercise extreme caution when dealing in the Shares.
SUMMARY
Company information
Stock code 2290
Stock short name LUNG FUNG GROUP
Dealings commencement date 5 June 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$5.18
Offer Price Range HK$5.18 to HK$6.38
Offer Shares and Share Capital
Number of Offer Shares 125,000,000
Final Number of Offer Shares in Hong Kong Public
Offering
12,500,000
Final Number of Offer Shares in International
Offering
112,500,000
Number of issued Shares upon Listing 500,000,000
Over-allocation
No. of Offer Shares over-allocated 0
Proceeds
Gross proceeds (1) HK$647.5 million
Less: Estimated listing expenses payable based on
the final Offer Price
HK$47.9 million
Net proceeds
(2) HK$599.6 million
Notes:
1. Gross proceeds refer to the amount to which the Company is entitled to receive.
2. For details of the use of proceeds, please refer to the section headed “Future Plans and Use of
Proceeds” in the Prospectus.


--- page 4 ---
– 4 –
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 133,189
No. of successful applications 16,359
Subscription level 664.92 times
No. of Offer Shares initially available under the Hong Kong
Public Offering
12,500,000
No. of Offer Shares reallocated from the International Offering
(reallocation)
0
Final no. of Offer Shares under the Hong Kong Public Offering
(after reallocation)
12,500,000
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10%
Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
https://www.hkeipo.hk/iporesult to perform a search by name or identification number or https://www.hkeipo.hk/
iporesult for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 78
Subscription Level 3.18 times
No. of Offer Shares initially available under the International
Offering
112,500,000
No. of Offer Shares reallocated to the Hong Kong Public
Offering (reallocation)
0
Final no. of Offer Shares under the International Offering (after
reallocation)
112,500,000
% of Offer Shares under the International Offering to the
Global Offering
90%
The Directors confirm that, to the best of their knowledge, information and belief, (i) none
of the Offer Shares subscribed by the placees and the public have been financed directly or
indirectly by the Company, any of the Directors, chief executives, controlling shareholders,
substantial shareholders, existing shareholders of the Company or any of its subsidiaries
or their respective close associates; and (ii) none of the placees and the public who have
purchased the Offer Shares are accustomed to taking instructions from the Company, any of
the Directors, chief executives, controlling shareholders, substantial shareholders, existing
shareholders of the Company or any of its subsidiaries or their respective close associates in
relation to the acquisition, disposal, voting or other disposition of Shares registered in his/
her/its name or otherwise held by him/her/it.


--- page 5 ---
– 5 –
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of shareholding in
the Company subject to
lock-up undertakings
upon Listing
Last day subject to the lock-
up undertakings (1)
TTK Holding Limited (2) 375,000,000 Shares 75.00% 4 December 2026
(First Six-Month Period) (3)
4 June 2027
(Second Six-Month Period) (4)
Subtotal 375,000,000 Shares 75.00%
Notes:
1. In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-
month period ends on 4 December 2026 and for the second six-month period, on 4 June 2027. For further
details, please refer to “Underwriting — Underwriting Arrangements and Expenses — Undertakings to
the Stock Exchange Pursuant to the Listing Rules — Undertakings by our Controlling Shareholders” in
the Prospectus.
2. TTK Holding Limited (“ TTK Holding ”) is an investment holding company owned by Mr. Tse Siu
Hoi (“ Mr. Tse ”), Ms. Chan Yuen Fong Shirley (“ Mrs. Tse ”) and Ms. Tse Chui Ying (“ Ms. Tse ”) as
to 97.29%, 2.70% and 0.01%, respectively. TTK Holding, Mr. Tse, Mrs. Tse and Ms. Tse will be the
controlling shareholders of the Company and will continue to hold a controlling interest in the Company
upon completion of the Global Offering. For further details, please refer to “Relationship with Our
Controlling Shareholders” in the Prospectus.
3. The Controlling Shareholder may dispose of or transfer Shares after the indicated date subject to that the
Controlling Shareholder will not cease to be a controlling shareholder (as defined in the Listing Rules)
of the Company.
4. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after
the indicated date.


--- page 6 ---
– 6 –
PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
Shares allotted
Allotment as % of
the International
Offering
Allotment
as % of total
Offer Shares
Number of
Shares held
upon Listing
% of total issued
share capital
upon Listing
Top 1 9,200,000 8.18% 7.36% 9,200,000 1.84%
Top 5 38,025,000 33.80% 30.42% 38,025,000 7.61%
Top 10 62,345,000 55.42% 49.88% 62,345,000 12.47%
Top 25 97,706,500 86.85% 78.17% 97,706,500 19.54%
Notes:
* Ranking of placees is based on the number of Shares allotted to the placees.
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders*
Number of
Shares allotted
Allotment as % of
the International
Offering
Allotment
as % of total
Offer Shares
Number of
Shares held
upon Listing
% of total issued
share capital
upon Listing
Top 1 0 0.00% 0.00% 375,000,000 75.00%
Top 5 32,025,000 28.47% 25.62% 407,025,000 81.41%
Top 10 58,545,000 52.04% 46.84% 433,545,000 86.71%
Top 25 96,606,500 85.87% 77.29% 471,606,500 94.32%
Notes:
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.


--- page 7 ---
– 7 –
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made
by the public will be conditionally allocated on the basis set out below:
Number
of Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of
Shares applied
for
POOL A
500 46,124 2,307 out of 46,124 applicants to receive 500 Shares 5.00%
1,000 9,299 576 out of 9,299 applicants to receive 500 Shares 3.10%
1,500 25,001 1,753 out of 25,001 applicants to receive 500 Shares 2.34%
2,000 3,063 235 out of 3,063 applicants to receive 500 Shares 1.92%
2,500 2,111 174 out of 2,111 applicants to receive 500 Shares 1.65%
3,000 1,604 140 out of 1,604 applicants to receive 500 Shares 1.45%
3,500 940 86 out of 940 applicants to receive 500 Shares 1.31%
4,000 1,002 95 out of 1,002 applicants to receive 500 Shares 1.19%
4,500 806 80 out of 806 applicants to receive 500 Shares 1.10%
5,000 4,594 467 out of 4,594 applicants to receive 500 Shares 1.02%
6,000 1,330 143 out of 1,330 applicants to receive 500 Shares 0.90%
7,000 9,591 1,080 out of 9,591 applicants to receive 500 Shares 0.80%
8,000 1,014 119 out of 1,014 applicants to receive 500 Shares 0.73%
9,000 672 82 out of 672 applicants to receive 500 Shares 0.68%
10,000 2,937 369 out of 2,937 applicants to receive 500 Shares 0.63%
15,000 2,287 326 out of 2,287 applicants to receive 500 Shares 0.48%
20,000 1,160 181 out of 1,160 applicants to receive 500 Shares 0.39%
25,000 898 150 out of 898 applicants to receive 500 Shares 0.33%
30,000 858 152 out of 858 applicants to receive 500 Shares 0.30%
35,000 551 102 out of 551 applicants to receive 500 Shares 0.26%
40,000 535 103 out of 535 applicants to receive 500 Shares 0.24%
45,000 432 87 out of 432 applicants to receive 500 Shares 0.22%
50,000 1,223 252 out of 1,223 applicants to receive 500 Shares 0.21%
60,000 745 163 out of 745 applicants to receive 500 Shares 0.18%
70,000 750 172 out of 750 applicants to receive 500 Shares 0.16%
80,000 755 180 out of 755 applicants to receive 500 Shares 0.15%
90,000 604 150 out of 604 applicants to receive 500 Shares 0.14%
100,000 3,414 871 out of 3,414 applicants to receive 500 Shares 0.13%


--- page 8 ---
– 8 –
Number
of Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of
Shares applied
for
200,000 1,545 488 out of 1,545 applicants to receive 500 Shares 0.08%
300,000 1,070 383 out of 1,070 applicants to receive 500 Shares 0.06%
400,000 708 277 out of 708 applicants to receive 500 Shares 0.05%
500,000 582 244 out of 582 applicants to receive 500 Shares 0.04%
600,000 424 188 out of 424 applicants to receive 500 Shares 0.04%
700,000 701 325 out of 701 applicants to receive 500 Shares 0.03%
Total 129,330 Total number of Pool A successful applicants: 12,500
Number
of Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of
Shares applied
for
POOL B
800,000 1,432 1,000 Shares plus 940 out of 1,432 applicants to receive
 an additional 500 Shares
0.17%
900,000 538 1,000 Shares plus 386 out of 538 applicants to receive
 an additional 500 Shares
0.15%
1,000,000 1,109 1,000 Shares plus 888 out of 1,109 applicants to receive
 an additional 500 Shares
0.14%
2,000,000 370 2,000 Shares 0.10%
3,000,000 137 2,500 Shares 0.08%
4,000,000 94 3,000 Shares 0.08%
5,000,000 33 3,500 Shares 0.07%
6,250,000 146 4,000 Shares 0.06%
Total 3,859 Total number of Pool B successful applicants: 3,859
As of the date of this announcement, the relevant subscription monies previously deposited
in the designated nominee accounts have been remitted back to the accounts of all HKSCC
participants. Investors should contact their relevant brokers for any inquiries.


--- page 9 ---
– 9 –
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s Shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or
indirectly, provided by the Company, the Controlling Shareholders, the Directors or syndicate
members to any placees or the public (as the case may be) and the consideration paid by
the placees or the public (as the case may be) directly or indirectly for each Offer Share
subscribed for or purchased by them was the same as the final Offer Price in addition to any
brokerage, AFRC transaction levy, SFC transaction levy and Stock Exchange trading fee
payable.


--- page 10 ---
– 10 –
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited
(the “ Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC”)
take no responsibility for the contents of this announcement, make no representation as to
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in
or into the United States (including its territories and possessions, any state of the United
States and the District of Columbia). This announcement does not constitute or form a
part of any offer or solicitation to purchase or subscribe for securities in the United States
or in any other jurisdictions. The Offer Shares have not been, and will not be, registered
under the United States Securities Act of 1933 as amended from time to time (the “ U.S.
Securities Act ”) or securities law of any state or other jurisdiction of the United States. The
Offer Shares may not be offered, sold, pledged or otherwise transferred within the United
States, except pursuant to an available exemption from, or in a transaction not subject to,
the registration requirements of the U.S. Securities Act. There will be no public offer of
the Offer Shares in the United States. The Offer Shares are being offered and sold solely
outside the United States in offshore transactions in reliance on Regulation S under the U.S.
Securities Act.
This announcement is for information purposes only and does not constitute an invitation
or offer to acquire, purchase or subscribe for any securities. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about
the Company and the Global Offering described below before deciding whether or not to
invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be
taken solely in reliance on the information provided in the Prospectus.
* Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinator (for itself and
on behalf of the Hong Kong Underwriters) shall be entitled to terminate the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed
“Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds
for Termination” in the Prospectus at any time prior to 8:00 a.m. on the day that trading in the Shares
commences on the Stock Exchange (which is currently expected to be on Friday, 5 June, 2026).


--- page 11 ---
– 11 –
PUBLIC FLOAT AND FREE FLOAT
Based on (i) the final Offer Price of HK$5.18 per Offer Share and (ii) 500,000,000 Shares
in issue immediately upon completion of the Global Offering, it is expected that the market
capitalization of our Shares at the time of Listing will be HK$2,590,000,000. Under Rule
8.08(1) of the Listing Rules, in the event the expected market value of the class of securities
new to listing upon Listing does not exceed HK$6,000,000,000, at least 25% of the total
issued Shares must be held by the public upon Listing. Immediately following the completion
of the Global Offering, the total number of the Shares held by the public represents 25% of the
total issued Shares. Therefore, the Company will be able to satisfy the public float requirement
under Rule 8.08(1) of the Listing Rules immediately upon Listing.
Based on the final Offer Price of HK$5.18 per Offer Share, the Company will be able to
satisfy the free float requirement under Rule 8.08A of the Listing Rules immediately upon
Listing.
The Directors confirm that, immediately following the completion of the Global Offering, (i)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder immediately after the Global Offering; (iii) the three largest public Shareholders
of the Company do not hold more than 50% of the Shares in public hands at the time of the
Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will
be at least 300 Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the
Listing Rules.
COMMENCEMENT OF DEALINGS
The Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, 5 June,
2026, provided that the Global Offering has become unconditional and the right of termination
described in the section headed “Underwriting — Underwriting Arrangements and Expenses
— Hong Kong Public Offering — Grounds for Termination” in the Prospectus has not been
exercised. Investors who trade the Shares on the basis of publicly available allocation details
prior to the receipt of Share certificates or prior to the Share certificates becoming valid
evidence of title do so entirely at their own risk.


--- page 12 ---
– 12 –
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. in Hong
Kong on Friday, 5 June, 2026, it is expected that dealings in the Shares on the Stock Exchange
will commence at 9:00 a.m. on Friday, 5 June, 2026. The Shares will be traded in board lots of
500 Shares each and the stock code of our Shares will be 2290.
By Order of the Board
Lung Fung Group Holdings Limited
Tse Siu Hoi
Executive Director and Chairman of the Board
Hong Kong, 4 June 2026
As at the date of this announcement, Directors of the Company are: (i) Mr. Tse Siu Hoi and
Ms. Tse Chui Ying as executive Directors; and (ii) Mr. Chu Woon Ming, Mr. Yau Sheung Yu
and Ms. Woo Pui Yan Joyce as independent non-executive Directors.
