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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”)
and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act”)
or securities law of any state or other jurisdiction of the United States. The securities may not be offered, sold,
pledged or otherwise transferred within 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 May 19, 2025 (the “Prospectus”) issued by Xiamen Jihong Co., Ltd (ʮ̡) (the
“Company”) for detailed information about the Global Offering described below before deciding whether or not
to invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should be
taken solely in reliance on the information in the Prospectus.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as
those defined in the Prospectus.
Potential investors of the Offer Shares should note that 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 Offering – 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 Tuesday, May 27, 2025).
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Xiamen Jihong Co., Ltd
ʮ̡
(a joint stock company incorporated in the People’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares under
the Global Offering
: 67,910,000 H Shares
Number of Hong Kong Offer Shares : 20,373,000 H Shares (as adjusted after
 reallocation)
Number of International Offer Shares : 47,537,000 H Shares (as adjusted after
 reallocation)
Final Offer Price : HK$7.68 per H Share (plus brokerage
 of 1%, SFC transaction levy of
 0.0027%, AFRC transaction levy
 of 0.00015% and the Stock Exchange
 trading fee of 0.00565%, payable in full
 in Hong Kong dollars on application
 and subject to refund)
Nominal value : RMB1.00 per H Share
Stock code : 2603
Joint Sponsors, Sponsor-Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
(in alphabetical order)
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
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Xiamen Jihong Co., Ltd
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same
meanings as those defined in the prospectus dated May 19, 2025 (the “Prospectus”) issued by
Xiamen Jihong Co., Ltd (ʮ̡) (the “Company”).
SUMMARY
Company information
Stock code 2603
Stock short name JIHONG CO
Dealings commencement date May 27, 2025*
* see note at the end of the announcement
Price Information
Final Offer Price HK$7.680
Offer Price Range HK$7.480 - HK$10.680
Offer Shares and Share Capital
Number of Offer Shares 67,910,000
Final Number of Offer Shares in Hong Kong Public Offering (after
reallocation) 20,373,000
Final Number of offer shares in International Offering (after
reallocation) 47,537,000
Number of issued Shares upon Listing 452,679,288
Proceeds
Gross proceeds (Note) HK$521.5 million
 Less:  Estimated listing expenses payable based on
 Final Offer Price HK$(106.40) million
Net proceeds HK$415.2 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 section headed “Future Plans and Use of Proceeds” of the Prospectus dated
May 19, 2025.
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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 18,521
No. of successful applications 11,937
Subscription level 49.39 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Hong Kong Public
Offering 6,791,000
No. of Offer Shares reallocated from the International Offering
(claw-back) 13,582,000
Final no. of Offer Shares under the Hong Kong Public Offering (after
reallocation) 20,373,000
% of Offer Shares under the Hong Kong Public Offering to the Global
Offering 30.00%
Note: For details of the final allocation of the H Shares to the Hong Kong Public Offering, 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 132
Subscription level 1.62 times
No. of Offer Shares initially available under the International Offering 61,119,000
No. of Offer Shares reallocated to the Hong Kong Public Offering
(claw-back) 13,582,000
Final no. of Offer Shares under the International Offering (after
reallocation) 47,537,000
% of Offer Shares under the International Offering to the Global
Offering 70.00%
The Directors confirm that, to the best of their knowledge, information and belief, save for a
consent under paragraph 5(1) of Appendix F1 to the Listing Rules (the “Placing Guidelines”) and
Chapter 4.15 of the Guide for New Listing Applicants granted by the Stock Exchange to permit
the Company to, among other things, place certain H Shares in the International Offering to a
connected client, (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, Single Largest Group of 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, Single Largest Group of 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 H 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:
Cornerstone Investors
Investor
No. of Offer
Shares
allocated
% of total
issued
H Shares after
the Global
Offering Note 1
% of total
issued share
capital after
the Global
Offering
Existing
shareholders
or their close
associates
Timber Kangaroo
Capital Limited
(“Timber
Kangaroo”) 3,036,000 4.47% 0.67% No
Yulong International
Capital Limited
(“Yulong
International”) 7,084,000 10.43% 1.56% No
Ms. Shen Zhenyu
(“Ms. Shen”) 10,120,000 14.90% 2.24% No
Subtotal 20,240,000 29.80% 4.47%
Note:
1. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares
to be issued under the Global Offering.
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Allottee with Consent Obtained
Investor
No. of Offer
Shares
allocated
% of total
issued
H Shares
 after the
Global
Offering Note 1
% of total
issued share
capital after
the Global
Offering Relationship
Allottee with 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 a connected client Note 2
CICC Financial
Trading Limited
(“CICC FT”)
10,000 0.015% 0.002% Connected
Client
Note:
1. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares
to be issued under the Global Offering.
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 a connected client, please refer to the section
headed “Others/Additional Information – Placing to our Connected Client with a Prior Consent under
Paragraph 5(1) of the Placing Guidelines” in this announcement.
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LOCK-UP UNDERTAKINGS
Single Largest Group of Shareholders
Name
No. of
Shares held in
the Company
subject to
lock-up
undertakings
upon listing
Note 1
% of
shareholding
in the
Company
subject to
lock-up
undertakings
upon listing
Last day
subject to
the lock-up
undertakings Note 2
ZHUANG Hao (୿ख) 69,623,082 15.38% November 26, 2025
ZHUANG Shu (୿ዓ) 34,671,025 7.66% November 26, 2025
HE Jingying (൭᎑጑) 6,638,925 1.47% November 26, 2025
ZHANG Heping (ੵձ̻) 6,236,125 1.38% November 26, 2025
Tibet Yongyue Shichao Corporate
Management Co., Limited*
(ʮ̡)
(“Tibet Yongyue”) Note 3
5,444,928 1.20% November 26, 2025
LU Tashan (௔̴ʆ) 875,000 Note 4 0.19% November 26, 2025
Subtotal 123,489,085 27.28%
Notes:
1. The number of shares represent the number of A shares of the Company held by each of the members of
the Single Largest Group of Shareholders which are listed on the Shenzhen Stock Exchange.
2. In accordance with the relevant Listing Rules and guidance materials, the required lock-up for the First
Six-month Period ends on November 26, 2025. The Single Largest Group of Shareholders will cease to
be prohibited from disposing of or transferring Shares after the indicated date.
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3. Tibet Yongyue was owned as to approximately 71.4% by Mr. Zhuang Zhenhai (ऎ), 15.4% by Ms.
Gong Hongying, a director of three subsidiaries of the Company and a supervisor of six subsidiaries of
the Company, 11.4% by Mr. Li Jiadong, and 1.71% by Ms. Xu Ping. Mr Li Jiadong and Ms. Xu Ping are
independent third parties.
4. Out of the 875,000 Shares held by Mr. Lu Tashan, 568,750 restricted A Shares were granted under
the 2023 Restricted Share Incentive Plan, which shall only become saleable upon the expiration of the
corresponding lock-up periods (the next expiration period being 24 months after October 23, 2023)
with satisfaction of performance targets of the Group and Mr. Lu Tashan. Please refer to “Appendix VI
– Statutory and General Information – E. 2023 Restricted Share Incentive Plan” of the Prospectus for
details of the 2023 Restricted Share Incentive Plan and the performance targets.
* For identification purpose only
Cornerstone Investors
Name
No. of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon listing
% of total
issued
H Shares after
the Global
Offering
subject to
lock-up
undertakings
upon listing
Note 1
% of
shareholding
in the
Company
subject to
lock-up
undertakings
upon listing
Last day
subject to
the lock-up
undertakings
Note 2
Timber Kangaroo 3,036,000 4.47% 0.67% November 26,
2025
Yulong International 7,084,000 10.43% 1.56% November 26,
2025
Ms. Shen 10,120,000 14.90% 2.24% November 26,
2025
Subtotal 20,240,000 29.80% 4.47%
Notes:
1. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares
to be issued under the Global Offering.
2. In accordance with the relevant cornerstone investment agreements, the required lock-up ends on November
26, 2025. The Cornerstone Investors will cease to be prohibited from disposing of or transferring H Shares
subscribed for pursuant to the relevant cornerstone investment agreements after the indicated date.
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PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment as %
of International
Offering
Allotment as
% of total
Offer Shares
Number of
Shares held
upon Listing
% of total issued
share capital
upon Listing
Top 1 18,733,500 39.41% 27.59% 18,733,500 4.14%
Top 5 41,403,500 87.10% 60.97% 41,403,500 9.15%
Top 10 47,050,000 98.98% 69.28% 47,050,000 10.39%
Top 25 47,455,500 99.83% 69.88% 47,451,000 10.48%
Notes
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDERS CONCENTRATION ANALYSIS
H
Shareholders*
Number of
H Shares
allotted
Allotment as %
of International
Offering
Allotment as
% of total
Offer Shares
Number of
H Shares
held upon
Listing
% of total issued
H Shares capital
upon Listing
Number of
Shares
held upon
Listing
Top 1 18,733,500 39.41% 27.59% 18,733,500 27.59% 18,733,500
Top 5 41,403,500 87.10% 60.97% 41,403,500 60.97% 41,403,500
Top 10 47,050,000 98.98% 69.28% 47,050,000 69.28% 47,050,000
Top 25 49,260,000 103.62% 72.54% 49,260,000 72.54% 49,260,000
Notes
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment as %
of International
Offering
Allotment as %
of total
Offer Shares
Number of
H Shares
held upon
Listing
Number of
Shares
held upon
Listing
% of total issued
share capital
upon Listing
Top 1 0 0.00% 0.00% 0 123,489,085 27.28%
Top 5 28,853,500 60.70% 42.49% 28,853,500 201,605,782 44.54%
Top 10 41,403,500 87.10% 60.97% 41,403,500 223,180,650 49.30%
Top 25 46,544,000 97.91% 68.54% 46,544,000 242,309,382 53.53%
Notes
* 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 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:
XIAMEN JIHONG CO., LTD FINAL
BASIS OF ALLOTMENT FOR PRESS ANNOUNCEMENT
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
500 8,910 4,455 out of 8,910 to receive 500 Shares 50.00%
1,000 2,003 1,002 out of 2,003 to receive 500 Shares 25.01%
1,500 696 376 out of 696 to receive 500 Shares 18.01%
2,000 696 423 out of 696 to receive 500 Shares 15.19%
2,500 492 311 out of 492 to receive 500 Shares 12.64%
3,000 417 290 out of 417 to receive 500 Shares 11.59%
3,500 149 110 out of 149 to receive 500 Shares 10.55%
4,000 205 164 out of 205 to receive 500 Shares 10.00%
4,500 281 240 out of 281 to receive 500 Shares 9.49%
5,000 1,057 951 out of 1,057 to receive 500 Shares 9.00%
6,000 168 500 Shares 8.33%
7,000 157 500 Shares plus 23 out of 157 to receive
additional 500 Shares
8.19%
8,000 128 500 Shares plus 36 out of 128 to receive
additional 500 Shares
8.01%
9,000 178 500 Shares plus 53 out of 178 to receive
additional 500 Shares
7.21%
10,000 891 500 Shares plus 267 out of 891 to receive
additional 500 Shares
6.50%
15,000 279 500 Shares plus 181 out of 279 to receive
additional 500 Shares
5.50%
20,000 289 1,000 Shares 5.00%
25,000 173 1,000 Shares plus 52 out of 173 to receive
additional 500 Shares
4.60%
30,000 131 1,000 Shares plus 92 out of 131 to receive
additional 500 Shares
4.50%
35,000 61 1,500 Shares 4.29%
40,000 83 1,500 Shares plus 30 out of 83 to receive
additional 500 Shares
4.20%
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XIAMEN JIHONG CO., LTD FINAL
BASIS OF ALLOTMENT FOR PRESS ANNOUNCEMENT
NO. OF SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
45,000 56 1,500 Shares plus 39 out of 56 to receive
additional 500 Shares
4.11%
50,000 203 2,000 Shares 4.00%
60,000 55 2,000 Shares plus 34 out of 55 to receive
additional 500 Shares
3.85%
70,000 41 2,500 Shares 3.57%
80,000 36 2,500 Shares plus 22 out of 36 to receive
additional 500 Shares
3.51%
90,000 29 3,000 Shares plus 9 out of 29 to receive
additional 500 Shares
3.51%
100,000 202 3,500 Shares 3.50%
200,000 99 7,000 Shares 3.50%
300,000 48 10,000 Shares 3.33%
400,000 91 12,500 Shares 3.13%
18,304 Total number of Pool A successful
applicants: 11,720
POOL B
500,000 129 32,500 Shares 6.50%
600,000 16 38,000 Shares 6.33%
700,000 5 44,000 Shares 6.29%
800,000 15 50,000 Shares 6.25%
900,000 4 56,000 Shares 6.22%
1,000,000 32 61,000 Shares 6.10%
1,500,000 6 91,000 Shares 6.07%
2,000,000 2 120,000 Shares 6.00%
2,500,000 1 147,000 Shares 5.88%
3,000,000 2 173,500 Shares 5.78%
3,395,500 5 192,000 Shares 5.65%
217 Total number of Pool B successful
applicants: 217
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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 H 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
Reallocation
The number of Offer Shares initially available under the Hong Kong Public Offering is 6,791,000
H Shares, representing 10% of the total number of Offer Shares initially available under the
Global Offering. As the Hong Kong Public Offering has been oversubscribed by more than 15
times but less than 50 times of the total number of Offer Shares initially available under the Hong
Kong Public Offering, the reallocation procedure as disclosed in the section headed “Structure
of the Global Offering – The Hong Kong Public Offering – Reallocation” of the Prospectus has
been applied.
As a result of such reallocation, the final number of Offer Shares under the Hong Kong Public
Offering was adjusted to 20,373,000 H Shares, representing 30% of the total number of Offer
Shares available under the Global Offering.
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Placing to a connected client with a prior consent under paragraph 5(1) of the Placing
Guidelines
Under the International Offering, certain Offer Shares were placed to a connected client of its
connected distributor pursuant to the Placing Guidelines. Details of the placement to the connected
client are set out below.
Placee
Connected
Distributor
Relationship
with the
Connected
Distributor
Whether the
connected
client will
hold beneficial
interests of Offer
Shares on a
nondiscretionary
or discretionary
basis for
independent
third parties
No. of Offer
Shares to be
allocated to
the connected
client
Appropriate
percentage
of total no. of
Offer Shares
Approximate
% of total
Shares
in issue
immediately
following the
completion
of Global
Offering
CICC FT Note 1 China
International
Capital
Corporation
Hong Kong
Securities
Limited
(“CICCHKS”)
CICC FT is a
member of the
same group of
companies as
CICCHKS
Non-discretionary
basis
10,000 0.015% 0.002%
Note:
1. CICC FT and China International Capital Corporation Limited will enter into a series of cross border delta-
one OTC swap transactions (the “OTC Swaps”) with each other and the ultimate client(s) (the “CICC FT
Ultimate Client(s)”), pursuant to which CICC FT will hold the Offer Shares on a non-discretionary basis
to hedge the OTC Swaps while the economic risks and returns of the underlying Offer Shares are passed to
the CICC FT Ultimate Client(s), subject to customary fees and commissions. The OTC Swaps will be fully
funded by the CICC FT Ultimate Client(s). During the terms of the OTC Swaps, all economic returns of the
Offer Shares subscribed by CICC FT will be passed to the CICC FT Ultimate Client(s) and all economic
loss shall be borne by the CICC FT Ultimate Client(s) through the OTC Swaps, and CICC FT will not take
part in any economic return or bear any economic loss in relation to the Offer Shares. The OTC Swaps are
linked to the Offer Shares and the CICC FT Ultimate Client(s) may request CICC FT to redeem it at their
own discretions, upon which CICC FT shall dispose of the Offer Shares and settle OTC Swaps in cash in
accordance with the terms and conditions of the OTC Swap. Despite that CICC FT will hold the legal title of
the Offer Shares by itself, it will not exercise the voting rights attaching to the relevant Offer Shares during
the terms of the OTC Swaps according to its internal policy.
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 client listed above. The allocation of
Offer Shares to such connected client is in compliance with all the conditions under the consent
granted by the Stock Exchange.
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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 May 19, 2025 issued by Xiamen Jihong
Co., Ltd 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 Joint Representatives (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 May 27, 2025).
PUBLIC FLOAT
Immediately after the completion of the Global Offering, the number of H Shares held in public
hands represents approximately 15% of the total issued share capital of the Company.
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The Directors confirm that, immediately following the completion of the Global Offering, (i)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder immediately after the Global Offering; (iii) the three largest public shareholders of
the Company do not hold more than 50% of the Shares in public hands at the time of the Listing
in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least
300 Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Tuesday, May
27, 2025 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting – Underwriting Arrangements
and Expenses – Hong Kong Public Offering – Grounds for Termination” in the Prospectus has
not been exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to the H Share certificates becoming
valid evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Tuesday, May
27, 2025 (Hong Kong time), it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Tuesday, May 27, 2025 (Hong Kong time). The H Shares will
be traded in board lots of 500 H Shares each, and the stock code of the H Shares will be 2603.
By order of the Board
Xiamen Jihong Co., Ltd
ʮ̡
ZHUANG Hao
Executive Director and General Manager
Hong Kong, May 26, 2025
As at the date of this announcement, the Board of Directors comprises of Mr. WANG Yapeng as
the chairman of the Board of Directors and executive Director; Ms. ZHUANG Hao, Mr. ZHANG
Heping, Mr. ZHUANG Shu and Mr. LU Tashan as executive Directors; Mr. LIAO Shengxing
as a non-executive Director; and Dr. ZHANG Guoqing, Dr. YANG Chenhui, Mr. HAN Jianshu,
Professor Alfred SIT Wing Hang and Ms. NG Weng Sin as independent non-executive Directors.
– 15 –
