--- page 1 ---
– 1 –
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as
those defined in the prospectus dated December 13, 2024 (the “ Prospectus ”) issued by SHENZHEN DOBOT
CORP LTD (ʮ̡ ) (the “ Company ”).
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 Hong Kong, the United States or elsewhere. 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”). The Offer Shares may not be offered or sold in the United States except pursuant to an exemption from, or
in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with
any applicable U.S. state securities laws. There will be no public offer of the Offer Shares in the United States.
The Offer Shares are being offered and sold 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 securities. This announcement is not a prospectus. Potential investors should read the
Prospectus for detailed information about the Global Offering described below before deciding whether or not to
invest in the H Shares thereby being offered.
In connection with the Global Offering, Guotai Junan Securities (Hong Kong) Limited (the “ Stabilizing
Manager ”), its affiliates or any person acting for it, on behalf of the Underwriters, may over-allocate and effect
transactions with a view to stabilizing or supporting the market price of the H Shares at a level higher than
that which might otherwise prevail for a limited period after Listing Date. However,  there is no obligation on
the Stabilizing Manager, its affiliates or any person acting for it, to conduct any such stabilizing action, which,
if commenced, will be done at the sole and absolute discretion of the Stabilizing Manager, its affiliates or any
person acting for it, and may be discontinued at any time. Any such stabilizing activity is required to be brought
to an end on Friday, January 17, 2025, being the 30th day after the last day for the lodging of applications under
the Hong Kong Public Offering. Such stabilization action, if taken, may be effected in all jurisdictions where it
is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements,
including the Securities  and Futures (Price  Stabilizing) Rules (Cha pter 571W of the Laws of Hong Kong), as
amended, made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that stabilizing action cannot be taken to support the price of the H Shares
for longer than the stabilization period which  begins on the Listing Date and is expected to expire on Friday,
January 17, 2025, being the 30th day after the last day for lodging applic ations under the H ong Kong Public
Offering. After this date, no further stabilizing action may be taken, and demand for the H Shares, and therefore
the price of the H Shares, could fall.
Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf
of the Hong Kong Underwriters and the Capital Market Intermediaries) shall be entitled to terminate their
obligations under the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any
of the events set out in the paragraph 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
Listing Date (which is currently expected to be on Monday, December 23, 2024).
In connection with the Global Offering, the Company is expected to grant the Over-allotment Option to the
International Underwriters, exercisable by the Overall Coordinators (for themselves and on behalf of the
International Underwriters). Pursuant to the Over-allotment Option, the International Underwriters will have the
right, exercisable by the Overall Coordinators (for themselves and on behalf of the International Underwriters)
at any time from the Listing Date until 30 days after the last day for lodging applications under the Hong Kong
Public Offering being Friday, January 17, 2025, to re quire the Company to issue and allot up to 6,000,000
additional Offer Shares, representing 15% of Offer Shares initially available under the Global Offering, at the
Offer Price, to cover over-allocations in the International Offering, if any.


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– 2 –
SHENZHEN DOBOT CORP LTD
ʮ̡
(A joint stock company incorporated in the People’s Republic of China with limited liability)
GLOBAL OFFERING
Total number of Offer Shares under
the Global Offering
: 40,000,000 H Shares (subject to the Over-
allotment Option)
Number of Hong Kong Offer Shares : 2,000,000 H Shares
Number of International Offer Shares : 38,000,000 H Shares (subject to the Over-
allotment Option)
Final Offer Price : HK$18.80 per H Share plus brokerage
fee 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 and
subject to refund)
Nominal value : RMB1.00 per H Share
Stock code : 2432
Joint Sponsors, Joint Sponsor-Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
PA SECURITIES (HK)


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- 3 -
SHENZHEN DOBOT CORP LTD / 深圳市越疆科技股份有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Warning:  In view of high concentration of shareholding in a small number of H Share Shareholders,
H Share Shareholders and prospective investors should be aware that the price of the H Shares could
move substantially even with a small number of H Shares traded and should exercise extreme caution
when dealing in the H Shares.
SUMMARY

Company information
Stock code  2432
Stock short name  DOBOT
Dealings commencement date  December 23, 2024*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$18.80
Offer Price Range HK$18.80 - HK$20.80
Offer Price adjustment exercised  N/A

Offer Shares and Share Capital
Number of Offer Shares  40,000,000
Number of Offer Shares in Hong Kong Public Offering 2,000,000
Number of Offer Shares in International Offering
(assuming the Over-allotment Option is not exercised)
38,000,000
Number of issued shares upon Listing (assuming the Over-
allotment Option is not exercised)
400,000,000

Over-allocation
No. of Offer Shares over-allocated  6,000,000
Such over-allocation may be covered by exercising the Over-allotment Option or by making purchases
in the secondary market at prices that do not exceed the Offer Price or through deferred delivery or a
combination of these means. In the event the Over-allotment Option is exercised, an announcement will
be made on the Stock Exchange’s website.

Proceeds
Gross proceeds (Note 1)  HK$752.00 million
Less: Estimated listing expenses payable based on Final
Offer Price (Note 2)
HK$(70.58) million
Net proceeds  HK$681.42 million

Notes:

1.
Gross proceeds refers to the amount to which the issuer is entitled to receive. Net proceeds represent
the estimated net proceeds calculated by the gross proceeds deducted by the estimated listing
expenses payable based on Final Offer Price. For details of the use of proceeds, please refer to the
section headed “Future Plans and Use of Proceeds” of the Prospectus. The Company will adjust
the allocation of the net proceeds from the exercise of the Over -allotment Option (if any) for the
purposes as set out in the section headed “Future Plans and Use of Proceeds” of the Prospectus on


--- page 4 ---
- 4 -
a pro rata basis.

2. Assuming the incentive fee is fully paid.


ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING

No. of valid applications  4,243
No. of successful applications  2,674
Subscription level  9.25 times
Claw-back triggered  No
No. of Offer Shares initially available under the Public Offer  2,000,000
Final no. of Offer Shares under the Public Offer 2,000,000
% of Offer Shares under the Public Offer to the Global Offering 5.0%

Note: For details of the final allocation of shares to the Public Offer, investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.
INTERNATIONAL OFFERING

No. of placees  124
Subscription Level  2.64 times
No. of Offer Shares initially available under the International
Offer
38,000,000
Final no. of Offer Shares under the International Offer (assuming
the Over-allotment Option is not exercised)
38,000,000
% of Offer Shares under the International Offer to the Global
Offering
95.0%

The Directors confirm that, to the best of their knowledge, information and belief, s ave for the waiver from
strict compliance with Rule 10.04 of the Listing Rules  and Chapter 4.15 of the Guide for New Listing
Applicants and consent under paragraph 5(2) of Appendix F1 to the Listing Rules (the “Placing Guidelines”)
granted by the Stock Exchange to permit the Company to allocate certain Offer Shares in the International
Offering to Nanshan Emerging Industry Investment (Hong Kong) Co., Limited (南山新興産業投資(香港)有
限公司) (“Nanshan Emerging Industry”) (a close associate of existing Shareholders), (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, Supervisors, chief executive of the Company, 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, Supervisors, chief executive of the Company,
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.


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The placees in the International Offering include the following:
Allottees with waivers/consents obtained

Investor
No. of Offer
Shares allocated
% of Offer
shares (Note 1)
% of total
issued
H Shares
after
the Global
Offering
(Note 1)
% of total
issued
Shares after
the Global
Offering (Note
1) Relationship*
Allotees with waivers from strict compliance with Rule 10.04 of the Listing Rules and Chapter 4.15 of the
Guide for New Listing Applicants and consents under paragraph 5(1) of the Placing Guidelines in relation
to allocations to connected clients (Note 2)
Guotai Junan
Investments (Hong
Kong) Limited
(“GTJA
Investments”)
5,680,800 14.20% 1.61% 1.42%
Connected client
Zheshang
International
Financial Holdings
Co., Limited
(“Zheshang
International”)
2,659,400 6.65% 0.75% 0.66%
Connected client
Leading Securities
Company Limited
(“Leading
Securities”)
2,106,200 5.27% 0.60% 0.53%
Connected client
Allotees with waiver from strict compliance with Rule 10.04 of the Listing Rules and Chapter 4.15 of the
Guide for New Listing Applicants and consent under paragraph 5(2) of the Placing Guidelines in relation
to allocations to close associates of existing Shareholders (Note 3)
Nanshan Emerging
Industry 19,680,000 49.20% 5.56% 4.92%
A close
associate of
existing
Shareholders
Total 30,126,400 75.32% 8.51% 7.53%
Notes:

(1) Assuming the Over-allotment Option is not exercised.

(2) For details of the consent under paragraph 5(1)  of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing
Applicants in relation to allocations to connected clients, please refer to the section headed “Others / Additional Information
– Placing to Connected Clients with a Prior Consent under Paragraph 5(1) of the Placing Guidelines” in this announcement.

(3) For details of the consent under paragraph 5(2) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing
Applicants in relation to allocation to  Nanshan Emerging Industry, please refer to the sections headed “Others/ Additional
Information – Placing to Close Associate of Existing Shareholders with a Prior Consent under Paragraph 5(2) of the Placing
Guidelines” in this announcement.


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LOCK-UP UNDERTAKINGS
Key Persons (as defined under Rule 18C.14 of the Listing Rules)
 Name
Number of Shares
held in the
Company subject to
lock-up
undertakings upon
Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 1)
% of total issued
Shares subject to
lock-up
undertakings upon
Listing (Note 1)
Last day subject to
the lock-up
undertakings (Note 2)
Mr. Liu (Note 3) 95,847,016
(including
76,677,613 H
Shares)
21.67% 23.96% December 22, 2025
Yuejiang LP (Note 4) 12,599,991 H
Shares
3.56% 3.15%

December 22, 2025
Qinmo LP (Note 5) 3,441,999 H Shares 0.97% 0.86%

December 22, 2025
Mr. Lang Xulin (Note 6) 7,968,213
(including
6,374,570 H
Shares)
1.80% 1.99% December 22, 2025
Mr. Wu Zhiwen (Note
7)
7,968,213
(including
6,374,570 H
Shares)
1.80% 1.99% December 22, 2025
Lumo LP (Note 8) 14,897,259
(including
11,917,807 H
Shares)
3.37% 3.72% December 22, 2025
Qimo LP (Note 8) 12,961,193
(including
10,368,954 H
Shares)
2.93% 3.24% December 22, 2025
Chumo LP (Note 8) 11,633,873
(including
9,307,098 H
Shares)
2.63% 2.91% December 22, 2025
Subtotal 167,317,757
 (including
137,062,602 H
Shares)
38.73% 41.82%
Notes:

(1) Assuming the Over-allotment Option is not exercised.

(2) All existing Shareholders shall not dispose of any of the Shares held by them within the 12 months following the Listing
Date as required under the applicable PRC laws.  In accordance with Rule 18C.14(1)  of the Listing Rules , the required
lock-up period commence on the date by reference to which disclosure of its shareholding is made in the Prospectus and
end on the date which is 12 months from the Listing Date, i.e. December 22 , 2025, being the same date on which the
restriction against disposal of Shares under the applicable PRC laws ends.

(3) Mr. Liu is the founder, chairman of the Board, executive Director, general man ager and core R&D team member of the
Group.

(4) Yuejiang LP is a share incentive platform controlled by Mr. Liu.

(5) Qinmo LP is a share incentive platform controlled and managed by Mr. Liu.


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- 7 -
 Name
Number of Shares
held in the
Company subject to
lock-up
undertakings upon
Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 1)
% of total issued
Shares subject to
lock-up
undertakings upon
Listing (Note 1)
Last day subject to
the lock-up
undertakings (Note 2)

(6) Mr. Lang Xulin is a co-founder, executive Director, chief scientist and core R&D member of the Group.

(7) Mr. Wu Zhiwen is a co-founder.

(8) Lumo LP, Qimo LP and Chumo LP are share incentive platform s where the Company’s founder, executive Directors,
senior management and core R&D team members hold partnership interest.


Pathfinder SIIs
 Name (Note 1)
Number of
Shares held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 2)
% of total issued
Shares subject to
lock-up
undertakings upon
Listing (Note 2)
Last day subject to
the lock-up
undertakings (Note
3)
SCGC 10,352,962 H
Shares
2.93% 2.59% December 22,
2025
Nanshan Hongtu 8,258,657 H
Shares
2.33% 2.06%

December 22,
2025
Hongtu Chuangke 3,154,420 H
Shares
0.89% 0.79%

December 22,
2025
Greenpine Growth 21,698,003 H
Shares
6.13% 5.42% December 22,
2025
Qianhai Equity 19,572,616
(including
16,636,724 H
Shares)
4.70% 4.89% December 22,
2025
CICC Qizhi 16,168,502 H
Shares
4.57% 4.04% December 22,
2025
Subtotal 79,205,160
(including
76,269,268 H
Shares)
21.55% 19.79%
Notes:

(1) Each of the Shareholders listed in the above table is a pathfinder SII of the Company as defined under Chapter 2.5 of the
Guide for New Listing Applicants.

(2) Assuming the Over-allotment Option is not exercised.

(3) All existing Shareholders shall not dispose of any of the Shares held by them within the 12 months following the Listing
Date as required under the applicable PRC laws, i.e. ending on December 22, 2025. In accordance with Rule 18C.14(2)
of the Listing Rules , the required lock -up period commences on the date by reference to which disclosure of its
shareholding is made in the Prospectus and ends on the date which is six months from the Listing Date, i.e. June 22, 2025.


--- page 8 ---
- 8 -
Controlling Shareholders
 Name
Number of
Shares held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 1)
% of total issued
Shares subject to
lock-up
undertakings upon
Listing (Note 1)
Last day subject to
the lock-up
undertakings (Note
2)
Mr. Liu 95,847,016
(including
76,677,613 H
Shares)
21.67% 23.96% December 22,
2025
Yuejiang LP 12,599,991 H
Shares
3.56% 3.15%

December 22,
2025
Qinmo LP 3,441,999 H
Shares
0.97% 0.86%

December 22,
2025
Subtotal 111,889,006
(including
92,719,603 H
Shares)
26.20% 27.97%
Notes:

(1) Assuming the Over-allotment Option is not exercised.

(2) All existing Shareholders (including the Controlling  Shareholders) shall not dispose of any of the Shares held by them
within the 12 months following the Listing Date as required under the applicable PRC laws.


--- page 9 ---
- 9 -
Pre-IPO Investors (as defined in the Prospectus)
 Name (Note 1)
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 2)
% of total issued
Shares subject to
lock-up
undertakings
upon Listing (Note
2)
Last day subject
to the lock-up
undertakings
(Note 3)
All Pre-IPO
Investors (except
for the Key
Persons and
Pathfinder SIIs)
113,477,083
(including 100,511,277
H Shares)
28.41% 28.37% December 22,
2025
Subtotal 113,477,083
(including 100,511,277
H Shares)
28.41% 28.37%
Notes:

(1) Please see “History and Corporate Structure—Pre-IPO Investments” in the Prospectus for the identities of the Pre -IPO
Investors other than the Pathfinder SIIs.

(2) Assuming the Over-allotment Option is not exercised.

(3) All existing Shareholders (including the Controlling  Shareholders) shall not dispose of any of the Shares held by them
within the 12 months following the Listing Date as required under the applicable PRC laws.


Placees with voluntary lock-up undertakings
Name
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued
H Shares
subject to lock-up
undertakings
upon
Listing (Note 1)
% of total issued
Shares subject to
lock-up
undertakings
upon Listing (Note
1)
Last day subject
to the lock-up
undertakings
(Note 2)
Zheshang
International
2,659,400 H Shares 0.75% 0.66% June 22, 2025
Leading Securities 2,106,200 H Shares 0.60% 0.53% June 22, 2025
Subtotal 4,765,600 H Shares  1.35% 1.19%
Notes:

(1) Assuming the Over-allotment Option is not exercised.

(2) Each of the place es listed in the above table has given a voluntary lock-up undertaking with the Company, pursuant to
which such placee shall not dispose of the Shares placed to it under the International Offering the within six months from
the Listing Date.


--- page 10 ---
- 10 -
PLACEE CONCENTRATION ANALYSIS
Placees*
Note 1
Number of H
Shares allotted

Allotment as % of
International Offering
(assuming no exercise of the
Over-allotment Option)
Allotment as % of
International Offering
(assuming the Over-
allotment Option is fully
exercised and new H Shares
are issued)
Allotment as % of total Offer
Shares (assuming no exercise
of the Over- allotment
Option)
Allotment as % of total
Offer Shares (assuming
the Over-allotment Option
is fully exercised and
new H Shares are issued)
Number of
 Shares held upon Listing

Number of Shares held upon
Listing as % of total issued
share capital upon Listing
(assuming no exercise of the
Over-allotment Option)
Number of Shares held upon
Listing as % of total issued
share capital upon Listing
(assuming the Over-
allotment Option is fully
exercised and new H Shares
are issued)

Top 1 Note 2 19,680,000  51.79% 44.73% 49.20% 42.78% 24,865,594 6.22% 6.12%
Top 5

35,929,000  94.55% 81.66% 89.82% 78.11% 41,114,594 10.28% 10.13%

Top 10 42,630,600 112.19% 96.89% 106.58% 92.68% 47,816,194 11.95% 11.78%

Top 25 43,971,200 115.71% 99.93% 109.93% 95.59% 49,156,794 12.29% 12.11%

Note:
1. Ranking of placees is based on the number of H Shares allotted to the placees.

2. The Top 1 placee is Nanshan Emerging Industry. As disclosed in the Prospectus, each of Shenzhen Qianfan and Haikou Guoying is an existing shareholder of the Company,
holding 5,097,899 Shares and 87,695 Shares, respectively. Shenzhen Qianfan is managed by its general partner and sole fund manager, Shenzhen Investment Holdings Capital
Co., Ltd. ( 深圳市投控資本有限公司 ) ( “Shenzhen Investment Holdings ”). Haikou Guoying is controlled and managed by its general partner, Shenzhen Investment
Holdings. Shenzhen Investment Holdings is a wholly -owned subsidiary of Shenzhen Investment Holdings Company Limited, which in turn is wholly owned by State -owned
Assets Supervision and Management Commission of Shenzhen Municipal People’s Government (深圳市國有資產監督管理委員會) (“Shenzhen SASAC”). It is indirectly
wholly owned by the State-owned Assets Supervision and Management Bureau of Nanshan District of Shenzhen Municipal People ’s Government (深圳市南山區國有資産
監督管理局), which is an affiliate of Shenzhen SASAC, and a department under the People ’s Government of Nanshan District, Shenzhen City. As such, Nanshan Emerging
Industry is a close associate of Shenzhen SASAC under the Listing Rules, and its shareholding shall be aggregated with that of Shenzhen Qianfan and Haikou Guoyi ng.


--- page 11 ---
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H SHARE SHAREHOLDERS CONCENTRATION ANALYSIS

H Shareholders
Note 1
Number of H Shares
allotted

Allotment as % of
International
Offering (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
International
Offering (assuming
the Over-
allotment Option is
exercised and
new H Shares are
issued
Allotment as % of
total Offer Shares
(assuming no
exercise of the Over-
allotment Option)
Allotment as % of
total Offer Shares
(assuming the
Over-allotment
Option is exercised
and new H Shares
are issued)
Number of H Shares held upon
Listing

Number of H Shares held upon
Listing as % of total issued H
share capital upon Listing
(assuming no exercise of the
Over-allotment Option)
Number of H Shares held upon
Listing as % of total issued H share
capital upon Listing (assuming the
Over-allotment Option is fully
exercised and new H Shares are issued)
 Top 1Note 2  -    0.00% 0.00% 0.00% 0.00% 92,719,603 26.20% 25.77%
 Top 5  19,680,000  51.79% 44.73% 49.20% 42.78% 187,457,504 52.98% 52.09%
 Top 10 19,680,000 51.79% 44.73% 49.20% 42.78% 260,421,505 73.60% 72.37%
 Top 25 35,929,000 94.55% 81.66% 89.82% 78.11% 336,248,114 95.03% 93.44%

Notes:
1. Ranking of H Share Shareholders is based on the number of H Shares held by the H Share Shareholders upon Listing.

2. The Top 1 H Shareholder refers to the Controlling Shareholders, namely Mr. Liu, Yuejiang LP and Qinmo LP.  For details, please see “Relationship with our Controlling
Shareholders – Overview” in the Prospectus.

3. The H Shares held by Lumo LP, Qimo LP and Chumo LP are aggregated for the purpose of this analysis as each of Lumo LP, Qimo LP and Chumo LP is controlled by the
same general partner, namely Mr. Liu Yang. For details, please see “History and Corporate Structure –  Share Incentive Platforms” in the Prospectus.

4. The H Shares held by Nanshan Emerging Industry, Shenzhen Qianfan and Haikou Guoying are aggregated for the purpose of this analysis for the reason set out in “Placee
Concentration Analysis” above in this announcement.

5. The H Shares held by Qianhai Equity and Zhongyuan Qianhai are aggregated solely for the purpose of this analysis as (i) Qianhai Equity is controlled and managed by its
general partner, Qianhai Ark Assets Management Co., Ltd. (
前海方舟資產管理有限公司) (“Qianhai Ark”); and (ii) Zhongyuan Qianhai is controlled and managed by
its general partner, Qianhai Ark (Zhengzhou) Venture Capital Management Enterprise (Limited Partnership) (前海方舟（鄭州）創業投資管理企業（有限合夥）), which
is in turn controlled and managed by its general partner, Qianhai Ark.


--- page 12 ---
- 12 -
SHAREHOLDER CONCENTRATION ANALYSIS

Shareholders
Note 1
Number of H
Shares allotted

Allotment as % of
International
Offering (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
International
Offering (assuming
the Over- allotment
Option is fully
exercised and new H
Shares are issued)
Allotment as % of
total Offer Shares
(assuming no
exercise of the Over-
allotment Option)
Allotment as % of
total Offer Shares
(assuming the Over-
allotment Option is
fully exercised and
new H Shares are
issued)
Number of H
Shares held upon
Listing
Number of Shares
held upon Listing

Number of Shares held upon Listing
as % of total issued share capital
upon Listing (assuming no exercise of
the Over-allotment Option)
Number of Shares held upon
Listing as % of total issued
share capital upon Listing
(assuming the Over-allotment
Option is fully exercised and
new H Shares are issued)
Top 1 Note 2  -    0.00% 0.00% 0.00% 0.00%  92,719,603   111,889,006  27.97% 27.56%
Top 5 19,680,000 51.79% 44.73% 49.20% 42.78% 185,321,163 221,026,684 55.26% 54.44%
Top 10 19,680,000 51.79% 44.73% 49.20% 42.78% 260,421,505 296,127,026 74.03% 72.94%
Top 25 35,929,000 94.55% 81.66% 89.82% 78.11% 333,699,182 379,856,035 94.96% 93.56%

Notes:
1.  Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.

2. The Top 1 Shareholder refers to the Controlling Shareholders, namely Mr. Liu, Yuejiang LP and Qinmo LP . For details, please see “Relationship with our Controlling
Shareholders – Overview” in the Prospectus.

3. The Shares held by Lumo LP, Qimo LP and Chumo LP are aggregated for the purpose of this analysis as each of Lumo LP, Qimo LP and Chumo LP is controlled by the same
general partner, namely Mr. Liu Yang. For details, please see “History and Corporate Structure – Share Incentive Platforms” in the Prospectus.

4. The Shares held by Nanshan Emerging Industry, Shenzhen Qianfan and Haikou Guoying are aggregated for the purpose of this anal ysis for the reason set out in “Placee
Concentration Analysis” above in this announcement.

5. The Shares held by Qianhai Equity and Zhongyuan Qianhai are aggregated solely for the purpose of this analysis for the reason set out in “H Share Shareholders Concentration
Analysis” above in this announcement.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFER
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:

    Approximate
    percentage
    allotted of the
 Number    Number    total number of
 of H Shares   of valid    shares applied
 applied for   applications   Basis of allocation/ballot for
Pool A
200 2,120  1,060 out of 2,120 to receive 200 Shares 50.00%
400 479  257 out of 479 to receive 200 Shares 26.83%
600 241  131 out of 241 to receive 200 Shares 18.12%
800 113  63 out of 113 to receive 200 Shares 13.94%
1,000 315  213 out of 315 to receive 200 Shares 13.52%
1,200 63  49 out of 63 to receive 200 Shares 12.96%
1,400 39  34 out of 39 to receive 200 Shares 12.45%
1,600 35  31 out of 35 to receive 200 Shares 11.07%
1,800 34  32 out of 34 to receive 200 Shares 10.46%
2,000 278  200 Shares 10.00%
3,000 77  200 Shares plus 37 out of 77 to receive
additional 200 Shares 9.87%
4,000 82  200 Shares plus 66 out of 82 to receive
additional 200 Shares 9.02%
5,000 81  400 Shares 8.00%
6,000 27  400 Shares plus 9 out of 27 to receive additional
200 Shares 7.78%
7,000 13  400 Shares plus 9 out of 13 to receive additional
200 Shares 7.69%
8,000 19  600 Shares 7.50%
9,000 13  600 Shares plus 4 out of 13 to receive additional
200 Shares 7.35%
10,000 89  600 Shares plus 58 out of 89 to receive
additional 200 Shares 7.30%
20,000 36  1,200 Shares 6.00%
30,000 18  1,800 Shares 6.00%
40,000 9  2,400 Shares 6.00%
50,000 11  3,000 Shares 6.00%
60,000 4  3,600 Shares 6.00%
80,000 5  4,800 Shares 6.00%
90,000 1  5,400 Shares 6.00%
100,000 8  6,000 Shares 6.00%
150,000 3  9,000 Shares 6.00%
200,000 11  12,000 Shares 6.00%


--- page 14 ---
- 14 -

 Total   4,224
Total number of Pool A successful applicants:
2,655

Pool B

250,000 8  33,200 Shares plus 4 out of 8 to receive
additional 200 Shares 13.32%
300,000 2  39,000 Shares 13.00%
350,000 1  45,200 Shares 12.91%
400,000 1  51,200 Shares 12.80%
450,000 1  57,200 Shares 12.71%
500,000 4  63,000 Shares 12.60%
1,000,000 2  125,000 Shares 12.50%

 Total   19
Total number of Pool B successful
applicants: 19


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 inquiri es.

COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived  and/or in respect of
which consent has been obtained, 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, 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 trading fee payable.
The Directors and the Overall Coordinators confirm that at least 50% of the total number of the Offer
Shares have been allocated to and taken up by independent price setting investors in compliance with
Rule 18C.08 of the Listing Rules.
The Directors further confirm that at least 20% of the issued share capital of the Company will be held
by sophisticated independent investors at the time of Listing in compliance with Chapter 2.5 of the
Guide for New Listing Applicants.

OTHERS / ADDITIONAL INFORMATION
Placing to Connected Clients with a Prior Consent under Paragraph 5(1) of the Placing
Guidelines


--- page 15 ---
- 15 -
Under the International Offering, certain Offer Shares were placed to connected clients of certain
distributors pursuant to the Placing Guidelines. Details o f the placement to connected clients are set
out below.

Placee
Connected
distributor Relationship
Whether the
connected client
will hold
beneficial
interests of Offer
Shares on a
non-
discretionary or
discretionary
basis for
independent
third parties
Number of
Offer Shares
to be allocated
to the
connected
client
% of Offer
Shares (Note 1)
% of total
issued Shares
after the
Global
Offering (Note 1)
GTJA
Investments
(Note 2)
Guotai Junan
Securities
(Hong Kong)
Limited
(“GTJA
HK”)

GTJA
Investments
is a member
of the same
group of
companies as
GTJA HK
Non-
discretionary
basis
5,680,800 14.20% 1.42%
Zheshang
International
(in the
capacity of
SFO Type 9
licence
holder)
(Note
3)
Zheshang
International
(in the
capacity of
SFO Type 1
licence
holder)
(Note 3)

N/A Discretionary
basis
2,659,400 6.65% 0.66%
Leading
Securities
(in the
capacity of
SFO Type 9
licence
holder)
 (Note
4)
Leading
Securities (in
the capacity
of SFO Type
1 licence
holder)
 (Note 4)

N/A Discretionary
basis
2,106,200 5.27% 0.53%
Notes:

(1) Assuming the Over-allotment Option is not exercised.

(2) GTJA Investments shall hold the Offer Shares for hedging purpose as the single underlying asset of a cross
border delta one back -to-back total return swap transaction to be entered into between GTJA Investments and
Guotai Junan Securities Co., Ltd. (“GTJAS”) in connection with a total return swap order to be entered into by
GTJAS and their onshore clients. And, in effect, GTJA Investments will hold the beneficial interests of the Offer
Shares on behalf of GTJAS (and accordingly such ultimate onshore clients) on a non-discretionary basis. GTJA
Investments shall hold the legal  title and the voting right  of the Offer Shares allocated to them, and the full
economic exposure of  such Offer Shares will be passed on to GTJAS and accordingly  the onshore clients of
GTJAS.

(3) The aforementioned Offer Shares are placed through Zheshang International, which is regarded as a distributor
in the capacity of a licence holder of Type 1 (dealing in securities) regulated activities under the SFO, to a
discretionary account managed by Zheshang International  in the capacity of a licence holder of Type 9 ( asset
management) regulated activities under the SFO for and on behalf of an independent third party.

(4) The aforementioned Offer Shares are placed through Leading Securities, which is regarded as a distributor in
the capacity of a licence holder of Type 1 (dealing in secur ities) regulated activities under the SFO, to a


--- page 16 ---
- 16 -
Placee
Connected
distributor Relationship
Whether the
connected client
will hold
beneficial
interests of Offer
Shares on a
non-
discretionary or
discretionary
basis for
independent
third parties
Number of
Offer Shares
to be allocated
to the
connected
client
% of Offer
Shares (Note 1)
% of total
issued Shares
after the
Global
Offering (Note 1)
discretionary account managed by Leading Securities  in the capacity of a licence holder of Type 9 (asset
management) regulated activities under the SFO for and on behalf of an independent third party.


The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a consent
under paragraph 5(1) of the Placing Guidelines to permit the Company to allocate such Offer Shares
in the International Offering to the connected clients listed ab ove. The allocation of Offer Shares to
such connected clients is in compliance with all the conditions under the consent granted by the Stock
Exchange.
Placing to Close Associate of existing Shareholders with a Prior Consent under Paragraph 5(2)
of the Placing Guidelines
As disclosed in the Prospectus, each of Shenzhen Qianfan and Haikou Guoying is an existing
shareholder of the Company, holding 1.42% and 0.02% of the total issued share capital of the Company
respectively as of the date of this application. Shenzhen Qianfan is managed by its general partner and
sole fund manager, Shenzhen Investment Holdings Capital Co., Ltd. ( 深圳市投控資本有限公司)
(“Shenzhen Investment Holdings”). Haikou Guoying is controlled and managed by its general partner,
Shenzhen Investment Holdings. Shenzhen Investment Holdings is a wholly -owned subsidiary of
Shenzhen Investment Holdings Company Limited, which in turn is wholly owned by Shenzhen
SASAC.
Nanshan Emerging Industry is a limited company incorporated in Hong Kong. It is indirectly wholly
owned by the State -owned Assets Supervision and Management Bureau of Nanshan District of
Shenzhen Municipal People ’s Government ( 深圳市南山區國有資産監督管理局), which is an
affiliate of Shenzhen SASAC, and a department under the People’s Government of Nanshan District,
Shenzhen City. As such, Nanshan Emerging Industry is a close associate of Shenzhen SASAC  under
the Listing Rules.
For details of the allocations of Offer Shares to Nanshan Emerging Industry, please refer to the section
headed “Allotment Results Details – International Offer ing – Allotees with Waivers/Consents
Obtained” in this announcement.
Nanshan Emerging Industry intends to participate as a placee in the Global Offering. The Company
has applied to the Stock Exchange, and the Stock Exchange has  granted, waivers from the strict
compliance with Rule 10.04 of the Listing Rules and a consent under paragraph 5(2) of the Placing
Guidelines to permit the Company to allocate such Offer Shares in the International Offering to
Nanshan Emerging Industry.


--- page 17 ---
- 17 -
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. The securities mentioned
herein have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the U.S. Securities
Act and in compliance with any applicable state securities laws, or outside the United States
unless in compliance with Regulation S under the U.S. Securities Act. There will be no public offer
of securities in the United States.
The Offer Shares are being offered and sold 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 securities. This announcement is not a prospectus. Potential
investors should read the Prospectus dated  December 13, 2024 issued by the Company for detailed
information about the Global Offering described below before deciding whether or not to invest
in the Offer Shares thereby being offered.
*Potential investors of  the Offer Shares should note that the Joint Sponsors and the Overall
Coordinators  (for themselves and on behalf of  the Hong Kong Underwriters) shall be entitled to
terminate their obligations under the Hong Kong Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the paragraph headed “Underwriting –
Underwriting Arrangements and Expenses – Hong Kong Public Offer – Hong Kong Underwriting
Agreement – Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong
Kong time) on  the  Listing  Date (which is currently  expected  to be on Monday, December 23,
2024 ).


--- page 18 ---
– 18 –
PUBLIC FLOAT AND FREE FLOAT
Immediately following the  completion of the  Global Offering, (i)  approximately 55.79% of
the total issued share capital of the Company will be held by the public and will satisfy the
minimum percentage as prescribed under Rule 8.08(1)(a) of the Listing Rules; (ii) the three
largest public Shareholders do not  hold more than 50% of the Sh ares in public ha nds at the
time of Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; (iii) there
will not be any new substantial shareholder (as defined in the Listing Rules) of the Company
immediately after the Global Offering; (iv) no placee will, individually, be placed more
than 10% of the enlarged issued  share capital of the Company  immediately after the Global
Offering; and (v) there will be at least 300 Shareholders at the time of Listing in compliance
with Rule 8.08(2) of the Listing Rules.
The Directors confirm  that Shares with  a market capitalization of approximately HK$662.4
million will not be subject to any disposal restrictions (whether under contract, the Listing
Rules, applicable laws or otherwise) at the time of Listing and will satisfy the minimum
requirement as prescribed under Rule 18C.10 of the Listing Rules.
COMMENCEMENT OF DEALINGS
Share certificates will only become valid at 8:00 a.m. on Monday, December 23, 2024 (Hong
Kong time), provided that the Global Offering has become unconditional and the right of
termination described in the section headed “Underwriting” in the Prospectus has not been
exercised. Investors who trade H Shares prior to the receipt of H Share certificates or the
Share certificates becoming valid do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Monday,
December 23, 2024 (Hong Kong time), it is expected that dealings in our Shares on the Stock
Exchange will commence at 9:00 a.m. on Monday, December 23, 2024 (Hong Kong time).
The H Shares will be traded in board lots of 200 H Shares each. The stock code of the Shares
will be 2432.
By order of the Board
SHENZHEN DOBOT CORP LTD
ʮ̡
Mr. Liu Peichao
Chairman of the Board, Executive Director and General Manager
Hong Kong, December 20, 2024
As at the date of this announcement, the Board comprises (i) Mr. Liu Peichao, Mr. Wang Yong
and Mr. Lang Xulin as executive Directors; (ii) Mr. Jing Liang as a non-executive Director;
and (iii) Mr. Li Yibin, Mr. Ng Jack Ho Wan and Dr. Hou Lingling as independent non-
executive Directors.
