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Shenghui Cleanness Group Holdings Limited
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 27 November 2023 (the “Prospectus”) issued by Shenghui Cleanness Group Holdings Limited (the
“Company”).
SUMMARY
Company information
Stock code 2521
Stock short name SHENGHUI CLEAN
Dealings commencement date 5 December 2023*
* See note at the end of the announcement
Price Information
Final Offer Price HK$0.320
Offer Price Range HK$0.320 – HK$0.400
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Number of Offer Shares 414,375,000
Number of Offer Shares in Public Offer (after Offer Size Adjustment Option and reallocation) 124,312,500
Number of Offer shares in Placing (after Offer Size Adjustment Option and reallocation) 290,062,500
Number of issued shares upon Listing 1,625,000,000
The number of offer shares above is determined after taking into account the additional shares issued under the following Offer Size
Adjustment Option
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$119.6 million
Less:  Estimated listing expenses payable by the Company based on Final Offer Price HK$(46.1) million
Net proceeds HK$73.5 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 27 November 2023.


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ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
No. of valid applications 6,063
No. of successful applications 5,462
Subscription level 33.35 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Public Offer 41,437,500
No. of Offer Shares reallocated from the Placing (claw-back) 82,875,000
Final no. of Offer Shares under the Public Offer (after exercise of Offer Size Adjustment Option
and reallocation) 124,312,500
% of Offer Shares under the Public Offer to the Share Offer 30.00%
Note: For details of the final allocation of shares to the Public Offer, investors can refer to www.hkeipo.hk/IPOResult to perform a search
by name or identification number or www.hkeipo.hk/IPOResult for the full list of allottees.
PLACING
No. of placees 152
Subscription Level 1.33 times
No. of Offer Shares initially available under the Placing 372,937,500
No. of Offer Shares reallocated to the Public Offer (claw-back) 82,875,000
Final no. of Offer Shares under the Placing (after reallocation) 290,062,500
% of Offer Shares under the Placing to the Share Offer 70.00%
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 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.
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
Li Chenghua,
Prosperity
Cleanness
Investment Holdings
Limited╱李承華，
豐盛清潔投資控股
有限公司
586,543,750 36.10% 4 June 2024
(First Six-Month
Period) Note 1
4 December 2024
(Second Six-Month
Period) Note 2


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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
Last day subject
to the lock-up
undertakings
Chen Liming,
Sunrise Cleanness
Investment Holdings
Limited╱陳黎明，
日出清潔投資控股
有限公司
586,543,750 36.10% 4 June 2024
(First Six-Month
Period) Note 1
4 December 2024
(Second Six-Month
Period) Note 2
Subtotal 1,173,087,500 72.19%
In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month period ends on 4 June 2024 and
for the second six-month period, on 4 December 2024.
Notes:
1. 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.
2. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after the indicated date.
PLACEE CONCENTRATION ANALYSIS
Placees
Number of
Shares allotted
Allotment as %
of Placing (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
total Offer Shares
(assuming no
exercise of the Over-
allotment Option)
Number of Shares
held upon Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the Over-
allotment Option)
Top 1 24,982,500 8.61% 6.03% 24,982,500 1.54%
Top 5 89,595,000 30.89% 21.62% 89,595,000 5.51%
Top 10 145,890,000 50.30% 35.21% 145,890,000 8.98%
Top 25 255,615,000 88.12% 61.69% 255,615,000 15.73%
Note: Ranking of placees is based on the number of Shares allotted to the placees.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of
Shares allotted
Allotment as % of
Placing (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
total Offer Shares
(assuming no
exercise of the Over-
allotment Option
Number of Shares
held upon Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the Over-
allotment Option)
Top 1 0 0.00% 0.00% 586,543,750 36.10%
Top 5 44,632,500 15.39% 10.77% 1,255,257,500 77.25%
Top 10 115,740,000 39.90% 27.93% 1,326,365,000 81.62%
Top 25 239,145,000 82.45% 57.71% 1,449,770,000 89.22%
Note: Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.


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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
7,500 2,018 7,500 Shares 100.00%
15,000 344 7,500 Shares 50.00%
22,500 461 7,500 Shares 33.33%
30,000 155 7,500 Shares
26.52%30,000 10 15,000 Shares
37,500 128 7,500 Shares
22.93%37,500 22 15,000 Shares
45,000 80 7,500 Shares
20.39%45,000 23 15,000 Shares
52,500 41 7,500 Shares
18.47%52,500 17 15,000 Shares
60,000 50 7,500 Shares
16.99%60,000 28 15,000 Shares
67,500 24 7,500 Shares
15.87%67,500 18 15,000 Shares
75,000 412 7,500 Shares
14.70%75,000 366 15,000 Shares
150,000 28 7,500 Shares
9.44%150,000 220 15,000 Shares
225,000 187 15,000 Shares
7.29%225,000 43 22,500 Shares
300,000 81 15,000 Shares
6.06%300,000 60 22,500 Shares
375,000 21 15,000 Shares
5.25%375,000 35 22,500 Shares
450,000 27 15,000 Shares
4.67%450,000 111 22,500 Shares
525,000 1 15,000 Shares
4.25%525,000 35 22,500 Shares
600,000 34 22,500 Shares
3.91%600,000 5 30,000 Shares
675,000 17 22,500 Shares
3.62%675,000 6 30,000 Shares
750,000 85 22,500 Shares
3.38%750,000 51 30,000 Shares
1,500,000 65 30,000 Shares
2.16%1,500,000 32 37,500 Shares
2,250,000 32 37,500 Shares
1.68%2,250,000 1 45,000 Shares
3,000,000 11 37,500 Shares
1.39%3,000,000 14 45,000 Shares
3,750,000 7 45,000 Shares
1.23%3,750,000 1 52,500 Shares


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4,500,000 5 45,000 Shares
1.07%4,500,000 4 52,500 Shares
5,250,000 1 52,500 Shares 1.00%
6,000,000 6 52,500 Shares
0.89%6,000,000 1 60,000 Shares
6,750,000 1 52,500 Shares
0.83%6,750,000 1 60,000 Shares
7,500,000 3 52,500 Shares
0.78%7,500,000 9 60,000 Shares
15,000,000 22 2,512,500 Shares 16.75%
20,715,000 1 3,435,000 Shares
16.60%20,715,000 1 3,442,500 Shares
Total 5,462 124,312,500 Shares
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
Based on the Offer Price of HK$0.32 per Offer Share and 414,375,000 Offer Shares, comprising 373,750,000 new Shares and 40,625,000
Sale Shares, (i) the net proceeds from the Share Offer to be received by the Company (excluding the net proceeds from the Sale Shares),
after deduction of the underwriting fees and commissions and other offering expenses, is estimated to be approximately HK$73.52 million,
and (ii) the net proceeds to the Selling Shareholders from the sale of the Sale Shares, after deducting the proportional underwriting fees
and the estimated expenses payable by the Selling Shareholders, will be approximately HK$12.09 million. The Company intends to use
the net proceeds from the Share Offer in the manner set out in the section headed “Future Plans and Use of Proceeds” in the Prospectus
dated 27 November 2023.
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.
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 27 November 2023 issued by
Shenghui Cleanness Group Holdings Limited for detailed information about the Share Offer 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 Sole Overall Coordinator and the Joint Global Coordinators (for themselves
and on behalf of the 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 – 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 5 December 2023).
