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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.
Unless otherwise defined in this announcement, capitalised terms used herein shall have the
same meanings as those defined in the prospectus dated 21 March 2025 (the “Prospectus”)
issued by Jiangsu Horizon Chain Supermarket Company Limited (΅Ϟ
ʮ̡ ) (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
of the Company. 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 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.
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, and 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 (1) solely to qualified institutional buyers as
defined in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration
under the U.S. Securities Act and (2) 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 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 Joint 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 at or prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently
expected to be on Monday, 31 March 2025).
The Joint Overall Coordinators confirm that there has been no over-allocation of the Offer
Shares under the International Offering. Therefore, the Over-allotment Option will not be
exercised. In view of the fact that there has been no over-allocation of the Offer Shares under
the International Offering, no stabilising action as described in the Prospectus will be taken
during the stabilisation period.


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JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED
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
: 53,562,000 H Shares
Number of Hong Kong Offer Shares : 8,892,000 H Shares (as adjusted after
reallocation)
Number of International Offer Shares : 44,670,000 H Shares (as adjusted after
reallocation)
Final Offer Price : HK$2.50 per H Share plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015%
and Stock Exchange trading fee of
0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 2625
Sole Sponsor
Joint Overall Coordinators, Joint Global Coordinators, Joint Bookrunners
and Joint Lead Managers
Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


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JIANGSU HORIZON CHAIN SUPERMARKET COMPANY LIMITED
江蘇宏信超市連鎖股份有限公司
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 21 March 2025 (the “ Prospectus”) issued by
Jiangsu Horizon Chain Supermarket Company Limited (the “Company”).
Warning:  In view of high concentration of shareholding in a small number of H
Shareholders, H 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 2625
Stock short name JIANGSU HORIZON
Dealings commencement date 31 March 2025*
*see note at the end of the announcement
Price Information
Final Offer Price HK$2.50
Offer Price Range HK$2.50 - HK$3.00
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Initial number of Offer Shares 53,562,000
Number of Offer Shares in Hong Kong Public Offering
(after reallocation)
8,892,000
Number of Offer Shares in International Offering (after
reallocation)
44,670,000
Number of issued shares upon Listing 214,246,910
Over-allocation
Number of Offer Shares over-allocated 0
No
te: There has been no over-allocation of Offer Shares in the International Offering.
Therefore, the Over-allotment Option will not be exercised.
Proceeds
Gross proceeds (Note) HK$133.91 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$(41.36) million
Net proceeds HK$92.55 million
No
te: Gross proceeds refers to the amount which the Company is entitled to receive. For
details of the use of proceeds, please refer to the section headed “Future Plans and Use of
Proceeds” in the Prospectus. Approximately RMB12.4 million of the listing expenses has
been charged to the consolidated statements of profit or loss during the Track Record Period.
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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
Number of valid applications 9,084
Number of successful applications 2,491
Subscription level 46.96 times
Claw-back triggered No
Number of Offer Shares initially available under the Hong Kong
Public Offering
5,357,000
Final number of Offer Shares under the Hong Kong Public
Offering (after reallocation)
8,892,000
% of final number of Offer Shares under the Hong Kong Public
Offering to the Global Offering (after reallocation)
16.60%
No
te: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
www.iporesults.com.hk to perform a search by identification number or www.iporesults.com.hk for the full list of
allottees.
INTERNATIONAL OFFERING
Number of placees 130
Subscription Level 0.93 times
Number of Offer Shares initially available under the International
Offering
48,205,000
Final number of Offer Shares under the International Offering
(after reallocation)
44,670,000
% of final number of Offer Shares under the International
Offering to the Global Offering (after reallocation)
83.40%
T
he 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, 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 H Shares registered in
his/her/its name or otherwise held by him/her/it.
As the International Offer Shares are under-subscribed and the Hong Kong Offer Shares are over-subscribed,
the reallocation procedure as described in the paragraph headed “Structure of the Global Offering – The Hong
Kong Public Offering – Reallocation” in the Prospectus has taken place. The final number of Hong Kong Offer
Shares available under the Hong Kong Public Offering is 8,892,000 H Shares, representing approximately
16.60% of the total number of Offer Shares, and the final number of International Offer Shares available under
the International Offering is 44,670,000 H Shares, representing approximately 83.40% of the total number of
Offer Shares.
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The placees in the International Offering include the following:
Cornerstone Investor
Investor
Number of
Offer
Shares
allocated
Approximate %
of Offer
Shares
Approximate %
of total
issued share
capital after the
Global Offering
Existing
Shareholders or
their close
associates
Top Legend
SPC for and on
behalf of Ocean
One SP 15,444,000
 28.83% 7.21% No
Total 15,444,000 28.83% 7.21%
F
or details of the Cornerstone Investor and the Cornerstone Investment Agreement, please refer to
the section headed “Cornerstone Investor” in the Prospectus.
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
Gao Feng (高峰)
Jiangsu Ruichuanda
Investment Co.,
Ltd.* (江蘇瑞川達投
資有限公司)
Yuan Yuan (袁原)
Zhang Jiaan (張佳
安)
66,674,976 31.11% 30 March 2026Note 2
Subtotal 66,674,976 31.11%
Not
es
1. Mr. Gao Feng, Jiangsu Ruichuanda Investment Co., Ltd., Mr. Yuan Yuan and Mr. Zhang Jiaan are a group of
Controlling Shareholders acting in concert.
2. The expiry day of the lock-up period shown in the table above is pursuant to the PRC Company Law. In accordance
with the relevant Listing Rules and guidance materials, the required lock-up for the first six month period ends on
30 September 2025 and for the second six-month period ends on 30 March 2026.
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Cornerstone Investor
Other Existing Shareholders (i.e. all shareholders of the Company excluding the Controlling
Shareholders holding the Shares issued prior to the Listing)
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
Top Legend SPC for
and on behalf of Ocean
One SP
15,444,000
 7.21% 30 September 2025
Total 15,444,000 7.21%
The expiry date of the lock-up period shown in the table above is pursuant to the Cornerstone
Investment Agreement. Top Legend SPC for and on behalf of Ocean One SP has agreed on a lock-
up period of 6 months ending on and including 30 September 2025. Please refer to the paragraph
headed “Cornerstone Investor – Restrictions on the Cornerstone Investor” in the Prospectus for
further details.
 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
Jiangsu Jiequan Supply
and Marketing
Cooperative Industrial
Development Fund
(Limited Partnership)*
(江蘇省疌泉供銷合作產
業發展基金(有限合夥))
 21,558,441 10.06%
 30 March 2026 Note 2
Yangzhou Jiangdu
District Major Projects
Special Investment
Fund Co., Ltd.* (揚州市
江都區重大項目專項投
資基金有限公司)
 16,393,442 7.65% 30 March 2026 Note 2
Xu Shihe (許世和)  10,870,051 5.07% 30 March 2026 Note 2
Yin Qin (印勤)  9,060,000 4.23% 30 March 2026 Note 2
Hu Qinghua (胡慶華)  6,650,000 3.10% 30 March 2026 Note 2
Zhu Zheng (朱政) 4,130,000 1.93% 30 March 2026 Note 2
Yangzhou Jiaqi
Management Consulting
Partnership Enterprise
(Limited Partnership)*
 2,790,000 1.30% 30 March 2026 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
(揚州佳祺管理諮詢合夥
企業(有限合夥))
Zhan Mingyu (詹明玉)  2,700,000 1.26% 30 March 2026 Note 2
Jiang Xianyue (江顯月)  2,600,000 1.21% 30 March 2026 Note 2
Yao Xinhua (姚新華)  2,410,000 1.12% 30 March 2026 Note 2
Guo Xia (郭霞)  2,200,000 1.03% 30 March 2026 Note 2
Yangzhou Yongqi
Management Consulting
Partnership Enterprise
(Limited Partnership)*
(揚州永祺管理諮詢合夥
企業(有限合夥))
 2,138,000 1.00% 30 March 2026 Note 2
Lu Shouping (陸壽萍)  1,950,000 0.91% 30 March 2026 Note 2
Shen Yongsheng (沈永
生)
 1,000,000 0.47% 30 March 2026 Note 2
Kan Chuanling (闞傳玲)  970,000 0.45% 30 March 2026 Note 2
Huang Haiyan (黃海燕) 900,000 0.42% 30 March 2026 Note 2
Zhen Yizuo (殷義左) 860,000 0.40% 30 March 2026 Note 2
Shen Zhigen (沈志艮)  600,000 0.28% 30 March 2026 Note 2
Xia Zhonglin (夏忠林)  550,000 0.26% 30 March 2026 Note 2
Zhu Hairong (朱海榮)  520,000 0.24% 30 March 2026 Note 2
Wang Ying (汪穎)  500,000 0.23% 30 March 2026 Note 2
Yangzhou Jiangdu
District Minsheng
Agricultural Service Co.,
Ltd.* (揚州市江都區民生
農業服務有限公司)
 500,000 0.23%
 30 March 2026 Note 2
Yao Jun (姚駿)  500,000 0.23% 30 March 2026 Note 2
Xu Chunling (徐春玲)  300,000 0.14% 30 March 2026 Note 2
Li Qian (李倩)  290,000 0.14% 30 March 2026 Note 2
Wu Jie (吳潔)  250,000 0.12% 30 March 2026 Note 2
Guan Jianzhong (管建
忠)
 200,000 0.09% 30 March 2026 Note 2
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Not
es
1. The existing Shareholders will cease to be prohibited from disposing of or transferring Shares after the indicated
date.
2. The expiry day of the lock-up period shown in the table above is pursuant to the PRC Company Law.
 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
Yan Shuqin (嚴書琴)  200,000 0.09% 30 March 2026 Note 2
Zhu Aizhen (朱愛珍)  200,000 0.09% 30 March 2026 Note 2
Chen Yan (陳豔)  120,000 0.06% 30 March 2026 Note 2
Qi Xiaoli (戚曉莉)  100,000 0.05% 30 March 2026 Note 2
Subtotal 94,009,934 43.88%
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P
LACEE 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 15,444,000 34.57% 28.83% 15,444,000 7.21%
Top 5 26,532,000 59.40% 49.54% 26,532,000 12.38%
Top 10 34,871,000 78.06% 65.10% 34,871,000 16.28%
Top 25 44,053,000 98.62% 82.25% 44,053,000 20.56%
Not
e:
* Ranking of placees is based on the number of 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 - -% -% 66,674,976  31.12% 66,674,976
Top 5 15,444,000  34.57% 28.83% 130,940,910  61.12% 130,940,910
Top 10 21,780,000  48.76% 40.66% 157,116,910  73.33% 157,116,910
Top 25 34,871,000  78.06% 65.10% 187,995,910  87.75% 187,995,910
Not
e:
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
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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 - -% -% 66,674,976  66,674,976  31.12%
Top 5 15,444,000  34.57% 28.83% 130,940,910  130,940,910  61.12%
Top 10 21,780,000  48.76% 40.66% 157,116,910  157,116,910  73.33%
Top 25 34,871,000  78.06% 65.10% 187,995,910  187,995,910  87.75%
Not
e:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
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NUMBER OF
SHARES
APPLIED FOR
NUMBER OF
VALID
APPLICATIONS  BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NUMBER OF
SHARES APPLIED FOR
1,000 4,199 164 out of 4,199 to receive 1,000 Shares 3.91%
2,000 701 54 out of 701 to receive 1,000 Shares 3.85%
3,000 679 77 out of 679 to receive 1,000 Shares 3.78%
4,000 221 33 out of 221 to receive 1,000 Shares 3.73%
5,000 360 67 out of 360 to receive 1,000 Shares 3.72%
6,000 167 37 out of 167 to receive 1,000 Shares 3.69%
7,000 105 27 out of 105 to receive 1,000 Shares 3.67%
8,000 78 22 out of 78 to receive 1,000 Shares 3.53%
9,000 51 16 out of 51 to receive 1,000 Shares 3.49%
10,000 500 173 out of 500 to receive 1,000 Shares 3.46%
15,000 215 111 out of 215 to receive 1,000 Shares 3.44%
20,000 256 175 out of 256 to receive 1,000 Shares 3.42%
25,000 111 94 out of 111 to receive 1,000 Shares 3.39%
30,000 255 1,000 Shares 3.33%
35,000 114 1,000 Shares plus 14 out of  114 to receive
additional 1,000 Shares
3.21%
40,000 84 1,000 Shares plus 20 out of  84 to receive
additional 1,000 Shares
3.10%
45,000 48 1,000 Shares plus 17 out of  48 to receive
additional 1,000 Shares
3.01%
50,000 126 1,000 Shares plus 60 out of  126 to receive
additional 1,000 Shares
2.95%
60,000 126 1,000 Shares plus 93 out of  126 to receive
additional 1,000 Shares
2.90%
70,000 83 2,000 Shares 2.86%
80,000 37 2,000 Shares plus 6 out of  37 to receive
additional 1,000 Shares
2.70%
90,000 30 2,000 Shares plus 10 out of  30 to receive
additional 1,000 Shares
2.59%
100,000 143 2,000 Shares plus 72 out of  143 to receive
additional 1,000 Shares
2.50%
150,000 156 2,000 Shares plus 109 out of  156 to
receive additional 1,000 Shares
1.80%
200,000 56 3,000 Shares 1.50%
250,000 30 3,000 Shares plus 12 out of  30 to receive
additional 1,000 Shares
1.36%
300,000 27 4,000 Shares 1.33%
350,000 21 4,000 Shares plus 10 out of  21 to receive
additional 1,000 Shares
1.28%
400,000 12 5,000 Shares 1.25%
450,000 4 5,000 Shares plus 2 out of  4 to receive
additional 1,000 Shares
1.22%
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 9,084 valid
applications mad e by the public will be conditionally allocate d on the basis set out below:
Pool A
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500,000 9 6,000 Shares 1.20%
600,000 5 6,000 Shares plus 2 out of  5 to receive
additional 1,000 Shares
1.07%
700,000 9 7,000 Shares 1.00%
800,000 8 8,000 Shares 1.00%
900,000 1 9,000 Shares 1.00%
1,000,000 14 10,000 Shares 1.00%
1,250,000 4 11,000 Shares 0.88%
1,500,000 32 12,000 Shares 0.80%
9,077 Total number of Pool A successful applicants: 2,484
P
ool B
NUMBER OF
SHARES
APPLIED FOR
NUMBER OF
VALID
APPLICATIONS  BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NUMBER OF
SHARES APPLIED FOR
1,750,000 5 587,000 Shares plus 2 out of  5 to receive
additional 1,000 Shares
33.57%
2,250,000 2 754,000 Shares plus 1 out of  2 to receive
additional 1,000 Shares
33.53%
7 Total number of Pool B successful applicants: 7
A
s 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 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 Stock Exchange trading fee payable.
OTHERS / ADDITIONAL INFORMATION
Reallocation
Since the International Offering are undersubscribed and the Hong Kong Public Offering are
oversubscribed, the reallocation procedure as disclosed in the paragraph headed “Structure of the
Global Offering — The Hong Kong Public Offering — Reallocation” in the Prospectus has been
applied. The Joint Overall Coordinators and each of the Directors confirm that the maximum total
number of offer shares that may be allocated to the Hong Kong Public Offering following the
reallocation has not been exceeded.
The number of Offer Shares initially available under the Hong Kong Public Offering is 5,357,000 H
Shares, representing 10% of the total number of Offer Shares initially available under the Global
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited 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 (1) solely to qualified institutional buyers as defined
in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under
the U.S. Securities Act and (2) 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 21 March 2025 issued by Jiangsu Horizon
Chain Supermarket Company Limited 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 Overall Coordinators (for
themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their
obligations under the Hong Kong Underwriting Agreements 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 at or prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is
currently  expected to be on 31 March 2025).
Offering (before over-allocation) . As a result of such reallocation, the final number of Offer Shares
under the Hong Kong Public Offering is adjusted to 8,892,000 H Shares, representing approximately
16.60% of the total number of Offer Shares available under the Global Offering (assuming the Over-
allotment Option is not exercised).
DISCLAIMERS
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PUBLIC FLOAT
Immediately following the completion of the Global Offering, (i) at least 25% of the total
number of 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 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; (iii) there will not be any new substantial Shareholder (as defined in the
Listing Rules) of the Company; (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 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 Monday, 31
March 2025 (Hong Kong time), provided that the Global Offering has become unconditional
and the right of termination described in the paragraph 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 Monday,
31 March 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 Monday, 31 March 2025 (Hong Kong time).
The H Shares will be traded in board lots of 1,000 H Shares each, and the stock code of the H
Shares will be 2625.
By order of the Board
Jiangsu Horizon Chain Supermarket Company Limited
Mr. Gao Feng
Chairman and Executive Director
Hong Kong, 28 March 2025


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As at the date of this announcement, the directors of the Company are as follows:
Executive Directors:
Mr. Gao Feng (Chairman)
Mr. Yuan Yuan
Mr. Zhang Jiaan
Mr. Yao Jun
Ms. Shen Zhigen
Ms. Nai Jingjing
Mr. Wang Fei
Non-executive Director:
Ms. Wei Yan
Independent non-executive Directors:
Mr. Lam Ka Tak
Mr. Zheng Manjun
Mr. Zheng Yu
Mr. Zhu Bo
This announcement is available for viewing on the website of the Company at
www.hxsupermarket.cn and the website of the Stock Exchange at www.hkexnews.hk.
