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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and Hong
Kong Securities Clearing Company Limited (the “ 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, capitalised terms used in this announcement shall have the same meanings as those defined in
the prospectus dated November 28, 2024 (the “ Prospectus ”) issued by Dmall Inc. (the “ Company”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any
person to acquire, purchase or subscribe for any securities or any Shares under the Global Offering. 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.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Offer
Shares in any jurisdiction in which such offer, solicitation or sales would be unlawful. 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) or any other jurisdiction where such release, publication or distribution
is prohibited by law. This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or
subscribe for securities in the United States or in any other jurisdiction. The Offer Shares have not been, and will not be,
registered under the U.S. Securities Act or any states securities laws of the United States and may not be offered or sold within or
to the United States or for the account or benefit of U.S. persons (as defined in Regulation S) except in transactions exempt from,
or 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 accordance
with Regulation S.
In connection with the Global Offering, UBS AG Hong Kong Branch, as stabilizing manager (the “ Stabilizing Manager ”),
its affiliates or any person acting for it, on behalf of the Underwriters, may effect transactions with a view to stabilizing or
supporting the market price of the Shares at a level higher than that which might otherwise prevail for a limited period after the
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, (a) will be conducted at the sole and absolute discretion of the Stabilizing
Manager, its affiliates or any person acting for it, and in what the Stabilizing Manager reasonably regards as the best interest
of the Company, (b) may be discontinued at any time and (c) is required to be brought to an end on the 30th day after the last
day for the lodging of applications under the Hong Kong Public Offering. Such stabilizing action, if commenced, 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 (Chapter 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 Shares for longer than the
stabilization period which begins on the Listing Date, and is expected to expire on January 2, 2025 being the 30th day after the
last day for the lodging of applications under the Hong Kong Public Offering. After this date, no further stabilizing action may be
taken, and demand for the Shares and the price of the Shares, could fall.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms and conditions set out in the
Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside Hong Kong and/or not resident in Hong
Kong. Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf of the other
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 Listing Date.


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2
Dmall Inc.
多點數智有限公司
(Incorporated in the British Virgin Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under
the Global Offering
: 25,774,000 Offer Shares
Number of Hong Kong Offer Shares : 2,577,400 Offer Shares
Number of International Offer Shares : 23,196,600 Offer Shares
Final Offer Price : HK$30.21 per Offer Share plus brokerage
of 1%, 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 : US$0.0001 per Share
Stock code : 2586
Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and
Joint Lead Managers
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers (in alphabetical order)
Joint Bookrunners, and Joint Lead Managers (in alphabetical order)


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Dmall INC. / 多点数智有限公司

ANNOUNCEMENT OF 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 November 2024 (the “Prospectus”) issued by Dmall Inc. (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  2586
Stock short name  DMALL
Dealings commencement date  6 December 2024*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$30.210
Offer Price Adjustment exercised  No

Offer Shares and Share Capital
Number of Offer Shares  25,774,000
Number of Offer Shares in Hong Kong Public Offering  2,577,400
Number of offer shares in International Offer  23,196,600
Number of issued shares upon Listing  886,690,124



Over-allocation
No. of Offer Shares over-allocated  0

The Overall Coordinators confirmed that there has been no over-allocation of the Offer Shares in the
International Placing. Therefore, it is expected that the Over-Allotment Option will not be exercised and
the Stock Borrowing Agreement will not be entered into for the purpose of covering over-allocations in the
International Placing.

Proceeds
Gross proceeds (Note)  HK$ 778.63 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (154.89) million
Net proceeds  HK$ 623.74 million

Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
proceeds, please refer to the Prospectus dated 28 November 2024.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING

No. of valid applications  2,988
No. of successful applications  2,988
Subscription level  1.94 times
Claw-back triggered  No
No. of Offer Shares initially available under the Hong Kong Public
Offering
2,577,400
Final no. of Offer Shares under the Hong Kong Public Offering  2,577,400
% 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 OFFER

No. of placees  119
Subscription Level  1.36 times
No. of Offer Shares initially available under the International
Offer
23,196,600
Final no. of Offer Shares under the International Offer  23,196,600
% of Offer Shares under the International Offer to the Global
Offering
90%

The Directors confirm that, to the best of their knowledge, information and belief, save for waivers from
strict compliance with Rule 9.09(b) and/or Rule 10.04 of the Listing Rules and consents 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 Offer Shares in the International Offering to the Cornerstone Investor (as
defined below) and an existing convertible bond investor of the Company, (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.


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The placees in the International Offer include the following:
Cornerstone Investor

Investor
No. of
Offer
Shares
allocated
% of Offer
Shares(1)
% of total
issued share
capital after the
Global Offering(1)
Existing
shareholders or
their close
associates
DFI Development
Holdings Limited 10,065,000 39.05% 1.14% Yes(2)
Total 10,065,000 39.05% 1.14%

Allottees with waivers/consents obtained

Investor
No. of
shares
allocated
% of offer
shares(1)
% of total issued
share capital after
the Global
Offering(1) Relationship*
DFI Development
Holdings Limited#  10,065,000 39.05% 1.14%
DFI Development
Holdings Limited is
a close associate of a
substantial
shareholder of a
subsidiary of the
Company
BEIJING HEYIN
INVESTMENT
CENTER
(LIMITED
PARTNERSHIP)
(“Beijing
Heyin”)(3)# 4,122,000 15.99% 0.46%
Beijing Heyin
is an existing
convertible
bond investor
of the
Company.
Total 14,187,000 55.04% 1.60%

#The Shares placed to the above allottees are in compliance with all the conditions under the consent  and
waiver granted by the Stock Exchange.
Allottees who are customer(s) or client(s) / supplier(s) of the issuer

Investor
No. of shares
allocated
% of offer
shares(1)
% of total issued
share capital after
the Global
Offering(1) Relationship*
CAPRET (SG)
PTE. LTD. 2,548,200 9.89% 0.29%
Customer of the
Company
Total 2,548,200 9.89% 0.29%

Notes:
(1) The Over-allotment Option has not been exercised and will not be exercised.
(2) DFI Development Holdings Limited is a close associate of a substantial shareholder of a subsidiary of the Company. The Company has applied for,
and the Stock Exchange has approved, a waiver from strict compliance with Rule 9.09(b) of  the Listing Rules. Please refer to the “Waivers and
Exemptions — Cornerstone Subscription by a Close Associate of a  Substantial Shareholder of our Subsidiary” in the Prospectus and the section
headed “Others/Additional Information — Placing to a close associate of a substantial  shareholder of the Company’s subsidiary as a cornerstone
5


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investor with a waiver from strict compliance with Rule 9.09(b) of the Listing Rules” in this announcement for further details.
(3)  Beijing Heyin is an existing convertible bond investor of the Company. For details of the waiver from the strict compliance with Rule 10.04 of the
Listing Rules and consent under paragraph 5(2)  of the Placing Guidelines in relation to allocations to existing shareholders and/or their close
associates, please refer to the section headed “Others/Additional Information — Placing to an existing convertible bondholder of the Company with
a waiver from the strict compliance with Rule 10.04 of the Listing Rules and a prior consent under paragraph 5(2) of the Placing Guidelines” in this
announcement.

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
Celestial Limited  423,470,475 47.76% 5 June 2025 (First Six-
Month Period) Note 1
   5 December 2025
(Second Six-Month
Period) Note 2
Odor Nice Limited  68,880,650 7.77% 5 June 2025 (First Six-
Month Period) Note 1
   5 December 2025
(Second Six-Month
Period) Note 2
Retail Enterprise
Corporation Limited
10,101,010 1.14% 5 June 2025 (First Six-
Month Period) Note 1
   5 December 2025
(Second Six-Month
Period) Note 2
Subtotal 502,452,135 56.67%

In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-
month period ends on 5 June 2025 and for the second six-month period, on 5 December 2025.


Cornerstone Investor
 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
DFI Development
Holdings Limited
10,065,000 1.14% 5 June 2025
Subtotal 10,065,000 1.14%

In accordance with the relevant Listing Rule/guidance materials, the required lock-up ends on 5 June
2025.


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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 and Cornerstone Investors will cease to be prohibited from disposing of or transferring Shares after the indicated date.
7


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PLACEE CONCENTRATION ANALYSIS
Placees Number of Shares allotted

Allotment as % of International Offering
(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 10,065,000  43.39% 39.05% 10,065,000  1.14%
Top 5 20,828,600  89.79% 80.81% 20,828,600  2.35%
Top 10 23,184,900 99.95% 89.95% 23,184,900 2.61%
Top 25 23,187,200 99.96% 89.96% 23,187,200 2.62%

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  Share
s allotted

Allotment as % of
International Offering
(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% 502,452,135  56.67%
Top 5 0 0.00% 0.00% 689,417,213  77.75%
Top 10 0 0.00% 0.00% 776,958,772  87.62%
Top 25 14,187,000  61.16% 55.04% 858,830,011  96.86%

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 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:

NO. OF SHARES APPLIED FOR
NO. OF VALID
APPLICATIONS
BASIS OF
ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NO. OF
SHARES APPLIED FOR
100 1,543 100 Shares 100.00%
200 74 100 Shares 84.65% 200 167 200 Shares
300 186 200 Shares 76.06% 300 73 300 Shares
400 16 200 Shares 70.88% 400 81 300 Shares
500 105 300 Shares 67.04% 500 57 400 Shares
600 8 300 Shares 64.15% 600 45 400 Shares
700 22 400 Shares 61.90% 700 11 500 Shares
800 8 400 Shares 59.56% 800 26 500 Shares
900 8 500 Shares 58.59% 900 3 600 Shares
1,000 64 500 Shares 56.36% 1,000 112 600 Shares
1,500 31 700 Shares 50.96% 1,500 56 800 Shares
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2,000 26 900 Shares 47.45% 2,000 25 1,000 Shares
2,500 15 1,100 Shares 44.84% 2,500 4 1,200 Shares
3,000 6 1,200 Shares 42.87% 3,000 37 1,300 Shares
3,500 8 1,400 Shares 41.22% 3,500 6 1,500 Shares
4,000 12 1,600 Shares 40.00%
4,500 4 1,700 Shares 38.89% 4,500 4 1,800 Shares
5,000 3 1,800 Shares 37.76% 5,000 22 1,900 Shares
6,000 6 2,100 Shares 36.11% 6,000 12 2,200 Shares
7,000 5 2,400 Shares 34.82% 7,000 3 2,500 Shares
8,000 3 2,700 Shares 33.75%
9,000 3 2,900 Shares 32.67% 9,000 2 3,000 Shares
10,000 11 3,100 Shares 31.74% 10,000 32 3,200 Shares
20,000 7 5,300 Shares 26.73% 20,000 6 5,400 Shares
30,000 7 7,200 Shares 24.00%
40,000 4 9,000 Shares 22.50%
50,000 5 10,500 Shares 21.00%
60,000 1 12,200 Shares 20.33%
80,000 2 15,200 Shares 19.00%
90,000 1 16,600 Shares 18.44%
100,000 6 18,000 Shares 18.00%
200,000 2 200,000 Shares 100.00%
400,000 2 400,000 Shares 100.00%
Total 2,988 2,577,400 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
10


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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.

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 o ffer 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 securi ties 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
complianc e 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 28 November 2024 issued by Dmall Inc. for 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 Overall Coordinator s (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 Offering – 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 6 December 2024 ).

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12
OTHERS/ADDITIONAL INFORMATION
Placing to a close associate of a substantial shareholder of the Company’s subsidiary as a
cornerstone investor with a waiver from strict compliance with Rule 9.09(b) of the Listing
Rules
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a waiver under Rule 9.09(b) of the Listing Rules to allow DFI Retail Group Holdings
Limited and/or its subsidiary to subscribe for the Offer Shares in the Global Offering as a
cornerstone investor. As DFI Retail Group Holdings Limited is an associate of DFI Retail Group
Management Limited, which is a substantial shareholder of an insignificant subsidiary (as defined
under Rule 14A.09 of the Listing Rules) of the Company, it is regarded as a core connected person
of the Company.
The allocation of Offer Shares to DFI Retail Group Holdings Limited is in compliance with all
the conditions under the waiver granted by the Stock Exchange, including but not limited to (i)
no preferential treatment or special benefit has been directly or indirectly given to DFI Retail
Group Holdings Limited during the Company’s bookbuilding and Shares allocation processes; and
(ii) other than being an associate of DFI Retail Group Management Limited, DFI Retail Group
Holdings Limited is an independent third party of the Company.
For details, please refer to the section headed “Waivers and Exemptions — Cornerstone
Subscription by a Close Associate of a Substantial Shareholder of our Subsidiary” in the Prospectus.
Placing to an existing convertible bondholder of the Company with a waiver from the strict
compliance with Rule 10.04 of the Listing Rules and a prior consent under paragraph 5(2) of
the Placing Guidelines
As disclosed in the section headed “History, Reorganization and Corporate Structure — Issuance
of Convertible Bond” of the Prospectus, Dmall Life Network and Bejing Heyin entered into a
convertible bond investment agreement on 27 May 2022, and on the same day, the Company,
Beijing Heyin and Dmall Life Network entered into a convertible bond investment tripartite
agreement, pursuant to which the Company agreed to issue, and Beijing Heyin agreed to subscribe
for a convertible bond in the principal amount of RMB190 million, of which RMB50 million
has been repaid as reflected in the amendment agreement dated 22 March 2024 following which
the outstanding principal amount of the Convertible Bond was RMB140 million. For further
information of Beijing Heyin, please refer to the section headed “History, Reorganization and
Corporate Structure — Information about the Convertible Bond Investor” of the prospectus.
Assuming the Convertible Bond is fully converted into Shares at a conversion price of USD3.93 per
Share, up to 5,011,029 Shares, representing approximately 0.57% of the enlarged issued shares of
the Company upon Listing (assuming the Overallotment Option is not exercised, and no Shares are
issued under the Share Incentive Plans) will be issued to Beijing Heyin.


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13
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the
Company, a waiver under strict compliance with Rule 10.04 of the Listing Rules and a consent
under paragraph 5(2) of Appendix F1 to the Listing Rules to permit the Company to allocate such
Offer Shares in the International Offering to Beijing Heyin Investment Fund as listed above.
The allocation of Offer Shares to such an existing convertible bondholder is in compliance with all
the conditions under the waiver/consent granted by the Stock Exchange, including but not limited
to (i) Beijing Heiyin is interested in less than 5% of our Company’s voting rights before the Global
Offering, and (ii) Beijing Heyin and its close associates are not core connected person (as defined in
the Listing Rules) of our Company or our close associate.
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.
PUBLIC FLOAT
Immediately following the completion of the Global Offering, 299,172,989 Shares, representing
approximately 33.7% of the issued share capital of the Company will be held in the public hands,
satisfying the minimum percentage as prescribed by Rule 8.08 of the Listing Rules.
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 do not
hold more than 50% of the Shares held in the 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
Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, December 6,
2024, provided that the Global Offering has become unconditional in all respects and the right
of termination described in the section headed “Underwriting” in the Prospectus has not been
exercised. Investors who trade Shares prior to the receipt of Share certificates or the Share
certificates becoming valid evidence of title do so entirely at their own risk.


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14
Assuming that the Hong Kong Public Offering becomes unconditional at or before 8:00 a.m. on
Friday, December 6, 2024 (Hong Kong time), it is expected that dealings in the Shares on the Stock
Exchange will commence at 9:00 a.m. on Friday, December 6, 2024 (Hong Kong time). The Shares
will be traded in board lots of 100 Shares each and the stock code of the Shares will be 2586.
By order of the board
Dmall Inc.
多点數智有限公司
Mr. Curtis Alan Ferguson
Chairman
Hong Kong, December 5, 2024
As at the date of this announcement, the Board comprises (i) Mr. ZHANG Feng as executive Director;
(ii) Mr. Curtis Alan FERGUSON, Mr. CHEN Zhiyu, Ms. SUN Yuhan and Mr. WANG Zhenghao as non-executive Directors; and
(iii) Dr. HOU Yang, Ms. CAI Lin, Dr. MAO Jiye and Mr. LI Wei as proposed independent non-executive Directors.
