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FUJING HOLDINGS CO., LIMITED / 富景中國控股有限公司
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 20 March 2024 (the “Prospectus”) issued by Fujing Holdings Co.,
Limited (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  2497
Stock short name  FUJING HOLDINGS
Dealings commencement date  28 March 2024*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$1.080
Offer Price Range HK$1.080 - HK$1.280
Offer Price Adjustment exercised  No

Offer Shares and Share Capital
Number of Offer Shares  100,000,000
Number of Offer Shares in Public Offer (after reallocation) 14,620,000
Number of Offer Shares in Placing (after reallocation) 85,380,000
Number of issued shares upon Listing  500,000,000


Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option  -
- Public Offer  -
- Placing  -

Over-allocation
No. of Offer Shares over-allocated  -

Proceeds
Gross proceeds (Note)  HK$ 108.00 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (59.79) million
Net proceeds  HK$ 48.21 million

Note: Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of the use
of proceeds, please refer to the Prospectus dated 20 March 2024.


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ALLOTMENT RESULTS DETAILS
PUBLIC OFFER

No. of valid applications  12,820
No. of successful applications  3,833
Subscription level  294.13 times
Re-allocation Yes
No. of Offer Shares initially available under the Public Offer  10,000,000
No. of Offer Shares reallocated from the Placing 4,620,000
Final no. of Offer Shares under the Public Offer (after
reallocation)
14,620,000
% of Offer Shares under the Public Offer to the Share Offer 14.62%

Note: For details of the final allocation of shares to the Public Offer, 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.
PLACING

No. of placees  143
Subscription Level  0.96 times
No. of Offer Shares initially available under the Placing 90,000,000
No. of Offer Shares reallocated to the Public Offer  4,620,000
Final no. of Offer Shares under the Placing (after reallocation) 85,380,000
% of Offer Shares under the Placing to the Share Offer 85.38%

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 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, chief executive of the Company, controlling shareholders, substantial
shareholders, existing shareholders of the Company or any of its subsidiari es 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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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 (assuming
the  Over-allotment
Option is not  exercised)
Last day subject  to the
lock-up  undertakings
Wider International
Group Limited 滙得國際
集團有限公司 Note 1
273,636,275 54.73% 27 September 2024 Note 2
(First Six-Month
Period)
27 March 2025 Note 3
(Second Six-Month
Period)
Notes

1. Immediately following completion of the Capitalisation Issue and the Share Offer, Wider International Group Limited ( 滙
得國際集團有限公司)(“Wider International”) will be interested in approximately 54.73% of the Company’s total issued
share capital. Wider International is a company wholly-owned by Mr. Zhang Yongang (張永剛)(“Mr. Zhang”). Hence,
Wider International and Mr. Zhang will be regarded as a group of Controlling Shareholders and each of them is subject to
the same lock-up as Wider International as disclosed above.
2. The Controlling Shareholder may dispose of or transfer of Shares after the indicated date subject to that the Controlling
Shareholder will not cease to be a Controlling Shareholder.
3. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after the indicated date.

In accordance with the relevant Listing Rule/guidance materials, the required lock -up for the first six -month period ends
on 27 September 2024 and for the second six -month period, on 27 March 2025.

Pre-IPO Investors (as defined in the “History, Reorganisation and Corporate Structure” section of the
Prospectus)
 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 (assuming
the  Over-allotment
Option is not  exercised)
Last day subject  to the
lock-up  undertakings
Beauty Sources Holdings
Limited 美源控股有限
公司 Note 1
74,878,018 14.98% 27 September 2024 Note 2
Vortex Festive Holdings
Limited 豐順控股有限
公司 Note 3
17,820,018 3.56% 27 September 2024 Note 2
Caring Plentiful
Holdings Limited 嘉沃控
股有限公司 Note 4
9,900,010 1.98% 27 September 2024 Note 2
Xie Xing 謝星 3,999,601 0.80% 27 September 2024 Note 2
Subtotal 106,597,647 21.32%
Notes

1. Beauty Sources Holdings Limited is owned as to 100% equity interest by Ms. Geng Qi.
2. The expiry date of the lock -up period shown is p ursuant to the voluntary lock -up undertakings signed on 14 March


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 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 (assuming
the  Over-allotment
Option is not  exercised)
Last day subject  to the
lock-up  undertakings
2024.
3. Vortex Festive Holdings Limited is owned as to 100% equity interest by Mr. Li Changbai.
4. Caring Plentiful Holdings Limited is owned as to 100% equity interest by Mr. Cui Wei.


Existing Shareholders (other than the Pre-IPO Investors as defined in the “History, Reorganisation and
Corporate Structure” section of the Prospectus)
 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 (assuming
the  Over-allotment
Option is not  exercised)
Last day subject  to the
lock-up  undertakings
Great Winner Investment
Holdings Limited 宏勝
投資控股有限公司 Note 1
9,376,724 1.88% 27 September 2024 Note 2
Yuen Sang Tai Holdings
Limited 源生態控股有
限公司 Note 3
7,716,351 1.54% 27 September 2024 Note 2
Well Resourced
Holdings Limited 康源控
股有限公司 Note 4
2,673,003 0.53% 27 September 2024 Note 2
Subtotal 19,766,078 3.95%
Notes

1. Great Winner Investment Holdings Limited  (“Great Winner”) is owned as to approximately 81.18% equity interest by
Ms. Bi Ailing (“Ms. Bi”). Ms. Bi has voluntarily undertaken, among others, that she shall not, and procure Great Winner
not to (i) dispose of any of the Shares in respect of which she is the beneficial owner; or (ii) dispose of any of her shares in
Great Winner (where applicable).
2. The expiry date of the lock-up period shown is pursuant to the voluntary lock-up undertakings signed on 14 March 2024.
3.  Yuen Sang Tai Holdings Limited (“ Yuen Sang Tai”) is owned as to approximately 60.85% equity interests by Ms. Bi. Ms.
Bi has voluntarily undertaken, among others,  that she shall not, and procure Yuen Sang Tai not to (i) dispose of any of the
Shares in respect of which she is the beneficial owner; or (ii) dispose of any of her shares in Yuen Sang Tai (where applicable).
4.    Well Resourced Holdings Limited is owned as to 100% equity interest by Ms. Zhang Chunyan, sister of Mr. Zhang , the
Controlling Shareholder.


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PLACEE CONCENTRATION ANALYSIS
Placees* Number of Shares allotted

Allotment as % of Placing (no exercise of
the Over-allotment Option)
Allotment as % of total Offer Shares (no
exercise of the Over- allotment Option)
Number of
 Shares held upon Listing

% of total issued share capital upon
Listing (no exercise of the Over-allotment
Option)
Top 1 4,582,000 5.37% 4.58% 4,582,000 0.92%
Top 5 22,910,000 26.83% 22.91% 22,910,000 4.58%
Top 10 40,500,000 47.44% 40.50% 40,500,000 8.10%
Top 25 67,678,000 79.27% 67.68% 67,678,000 13.54%

Notes
* Ranking of placees is based on the number of Shares allotted to the placees.


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SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
Shares allotted

Allotment as % of
Placing (no exercise of
the Over-allotment
Option)
Allotment as % of total
Offer Shares (no
exercise of the Over-
allotment Option)
Number of Shares held
upon Listing

% of total issued share
capital upon Listing (no
exercise of the Over-
allotment Option)
Top 1 0 0.00% 0.00% 273,636,275 54.73%
Top 5 0 0.00% 0.00% 385,611,045 77.12%
Top 10 18,328,000 21.47% 18.33% 411,655,396 82.33%
Top 25 55,728,000 65.27% 55.73% 455,728,000 91.15%

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

BASIS OF ALLOCATION UNDER THE 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:

NO. OF SHARES APPLIED FOR
NO. OF VALID
APPLICATIONS
BASIS OF
ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NO. OF
SHARES APPLIED FOR

Pool A

2,000 3,514 352 out  of 3,514 applicants to receive
2,000 Shares 10.02%
4,000 774 93 out of 774 applicants to receive 2,000
Shares  6.01%
6,000 1,255 189 out  of 1,255 applicants to receive
2,000 Shares  5.02%
8,000 366 59 out of 366 applicants to receive 2,000
Shares  4.03%
10,000 367 68 out of 367 applicants to receive 2,000
Shares  3.71%
12,000 136 27 out of 136 applicants to receive 2,000
Shares  3.31%
14,000 88 19 out of 88 applicants to receive 2,000
Shares  3.08%
16,000 108 24 out of 108 applicants to receive 2,000
Shares  2.78%
18,000 74 18 out of 74 applicants to receive 2,000
Shares  2.70%
20,000 477 116 out  of 477 applicants to receive 2.43%


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2,000 Shares
30,000 2,003 562 out  of 2,003 applicants to receive
2,000 Shares  1.87%
40,000 206 65 out of 206 applicants to receive 2,000
Shares  1.58%
50,000 135 47 out of 135 applicants to receive 2,000
Shares  1.39%
60,000 133 49 out of 133 applicants to receive 2,000
Shares  1.23%
70,000 562 220 out of 562 applicants to receive
2,000 Shares  1.12%
80,000 138 57 out of 138 applicants to receive 2,000
Shares  1.03%
90,000 49 21 out of 49 applicants to receive 2,000
Shares  0.95%
100,000 393 176 out of 393 applicants to receive
2,000 Shares  0.90%
200,000 580 338 out  of 580 applicants to receive
2,000 Shares  0.58%
300,000 203 139 out  of 203 applicants to receive
2,000 Shares  0.46%
400,000 162 123 out  of 162 applicants to receive
2,000 Shares  0.38%
500,000 92 77 out of 92 applicants to receive 2,000
Shares  0.33%
600,000 75 67 out of 75 applicants to receive 2,000
Shares  0.30%
700,000 52 49 out of 52 applicants to receive 2,000
Shares  0.27%
800,000 70 2,000 Shares 0.25%
900,000 37 2,000 shares plus 2 out of 37 applicants
to receive an additional 2,000 shares 0.23%
1,000,000 170
2,000 shares plus 14 out of 170
applicants to receive an additional 2,000
shares
0.22%
1,500,000 77 2,000 shares plus 20 out of 77 applicants
to receive an additional 2,000 shares  0.17%
2,000,000 73 2,000 shares plus 30 out of 73 applicants
to receive an additional 2,000 shares  0.14%
2,500,000 37 2,000 shares plus 24 out of 37 applicants
to receive an additional 2,000 shares  0.13%
3,000,000 40 2,000 shares plus 32 out of 40 applicants
to receive an additional 2,000 shares  0.12%
3,500,000 37 4,000 Shares 0.11%
Total 12,483 Total number of Pool A successful
applicant: 3,496

Pool B

4,000,000 185
18,000 shares plus 181 out of 185
applicants to receive an additional 2,000
shares
0.50%
4,500,000 15 22,000 Shares 0.49%
5,000,000 137 24,000 Shares 0.48%
Total 337 Total number of Pool B successful


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applicant: 337


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.

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.

OTHERS / ADDITIONAL INFORMATION
Each of the Directors, the Sole Sponsor and Joint Overall Coordinators confirms that the reallocation of
4,620,000 Offer Shares from the Placing to the Public Offer, which results the total number of the Offer
Shares available under the Public Offer increased to 14,620,000 Offer Shares, representing 14.62% of
the number of the Offer Shares under the Share Offer, is in compliance with the restrictions set forth
under paragraphs 8 and 9 of the Chapter 4.14 of the Guide For New Listing Applicants.

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 o f 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 securit ies 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 20 March 2024 issued by Fujing Holdings Co., Limited for


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detailed information about the Global Offering described below before deciding whether or not to
invest in the Shares thereby being offered.
Potential investors of  the Offer Shares should note that the Joint Overall Coordinators and the Joint
Global Coordinators (for themselves and on behalf of  the Public Offer Underwriters) shall be entitled
to terminate their obligations under the Public Offer Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the paragraph headed “Underwriting –
Underwriting Arrangements and Expenses –Public Offering – Public Offer 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 28 March 2024).

PUBLIC FLOAT
Immediately after completion of the Share Offer and the Capitalisation Issue, (i) at least 25% of the
total issued Shares will be held by the public in compliance with Rule 8.08(1)(a) of the Listing Rules;
(ii) the three largest public Shareholders will not hold more than 50% of the Shares held in the public
hands at the time of Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iii)
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 immediately after the completion of the Share Offer and the Capitalisation
Issue, (i) no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company; and (ii) there will not be any new substantial shareholder (as defined in the Listing Rules)
of the Company.
COMMENCEMENT OF DEALINGS
Assuming the Share Offer becomes unconditional in all respects at or before 8:00 am. on Thursday,
28 March 2024, it is expected that dealings in the Shares on the Stock Exchange will commence at
9:00 a.m. on Thursday, 28 March 2024. The Shares will be traded in board lots of 2,000 Shares each.
The stock code of the Shares is 2497.
On behalf of the Board of Directors
Fujing Holdings Co., Limited
Mr. Zhang Yonggang
Chairman and Executive Director

Hong Kong, 27 March 2024

As of the date of this announcement, the Board of Directors of the Company comprises: (1) Mr.
Zhang Yonggang (Chairman), Mr. Lyu Zhonghua, Mr. Cui Wei, Ms. Guo Zeqing and Mr. Pang
Jinhong as the executive Directors; and (2) Mr. Lam Chik Tong, Dr. Li Junliang and Ms. Chow
Wai Mee May  as the independent  non-executive Directors.
