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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 ( “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, and is not intended to, 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 Offer Shares mentioned herein have
not been and will not be registered under the U.S. Securities Act or any state 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. The Offer Shares are being offered and sold outside the United States in offshore transactions in accordance 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
October 23, 2025 (the “Prospectus ”) issued by Mininglamp Technology (Ҧ ) (the “Company ”) for detailed
information about the Global Offering described below before deciding whether or not to invest in the Offer 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. The Company has not been and will not be registered under the U.S. Investment
Company Act of 1940, as amended.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited,
as stabilizing manager (the “Stabilizing Manager ”) (or its affiliates or any person acting for it), on behalf of the
Underwriters, to the extent permitted by the applicable laws and regulatory requirements of Hong Kong or elsewhere,
may over-allocate or effect transactions with a view to stabilizing or supporting the market price of the Class A Shares
at such price, in such amounts and in such manners as the Stabilizing Manager, its affiliates or any person acting for it
may determine and 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 (or its affiliates or any person acting for it) to conduct
any such stabilizing action. Such stabilizing action, if taken, (a) will be conducted at the absolute discretion of the
Stabilization Manager (or its affiliates or any person acting for it) and in what the Stabilizing Manager reasonably
regards as the best interest of our Company, (b) may be discontinued at any time and (c) is required to be brought to an
end within 30 days of the last day for lodging applications under the Hong Kong Public Offering (which is Thursday,
November 27, 2025). Such stabilizing action, if taken, 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 no stabilizing action can be taken to support the price of the Class A Shares
for longer than the stabilization period, which will begin on the Listing Date, and is expected to expire on the 30th day
after the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, November 27,
2025). After this date, when no further stabilizing action may be taken, demand for the Class A Shares, and therefore
the price of the Class A Shares, could fall.
Potential investors of the Offer Shares should note that the Sole Sponsor-Overall Coordinator (for itself 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 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. (Hong Kong time) on the Listing Date.
The Company will be controlled through weighted voting rights upon Listing. Prospective investors should be aware
of the potential risks of investing in a company with a WVR structure, in particular that the WVR Beneficiary, whose
interests may not necessarily be aligned with those of our Shareholders as a whole, will be in a position to exert
significant influence over the outcome of Shareholders ’ resolution. For further information about the risks associated
with our WVR structure, please refer to the section headed “Risk Factors {  Risks Relating to the Global Offering. ”
Prospective investors should make the decision to invest in the Company only after due and careful consideration.


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2
Mininglamp Technology
Ҧ
(A company controlled through weighted voting rights
and registered by way of continuation in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the
Global Offering
: 7,219,000 Class A Shares (subject to
 the Over-allotment Option)
Number of Hong Kong Offer Shares : 721,920 Class A Shares
Number of International Offer Shares : 6,497,080 Class A Shares (subject to the
 Over-allotment Option)
Offer Price : HK$141.00 per Offer 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%
Nominal value : US$0.001 per Share
Stock code : 2718
Sole Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and
Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and
Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


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3
Mininglamp Technology
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
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 2718
Stock short name MININGLAMP-W
Dealings commencement date November 3, 2025*
* see note at the end of the announcement
Price Information
Final Offer Price HK$141.00
Offer Price Range N/A
Offer Price Adjustment exercised - N/A
Offer Shares and Share Capital
Number of Offer Shares (before exercise of
the Over-allotment Option)
7,219,000
Number of Offer Shares in Hong Kong Public Offering 721,920
Number of Offer Shares in International Offering 6,497,080
Number of issued Shares upon Listing (before
exercise of the Over-allotment Option)
144,378,361
Over-allocation
No. of Offer Shares over-allocated 1,082,800
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through
deferred delivery or a combination of these means. In the event the Over-allotment Option is
exercised, an announcement will be made on the Stock Exchange ’s website.


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4
Proceeds
Gross proceeds (Note) HK$1,017.9 million
Less: Estimated listing expenses payable based on Offer Price HK$115.7 million
Net proceeds HK$902.2 million
Note: 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 ” of the Prospectus. The Company
will adjust the allocation of the net proceeds from the exercise of the Over-allotment Option (if any) for the
purposes as set out in the section headed “Future Plans and Use of Proceeds ” of the Prospectus on a pro rata basis.
ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
No. of valid applications 283,629
No. of successful applications 18,048
Subscription level 4,452.86 times
Claw-back triggered N/A
No. of Offer Shares initially available under the
Hong Kong Public Offering 721,920
No. of Offer Shares reallocated from the International
Offering (clawback) N/A
Final no. of Offer Shares under the Hong Kong Public Offering 721,920
% of Offer Shares under the Hong Kong Public Offering
to the Global Offering 10%
Note: For details of the final allocation of Class A Shares to the Hong Kong Public Offering, 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.


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5
INTERNATIONAL OFFER
No. of placees 117
Subscription Level 13.93 times
No. of Offer Shares initially available under the International Offering 6,497,080
Final no. of Offer Shares under the International Offering 6,497,080
% of Offer Shares under the International Offering to
the Global Offering 90%
The Directors confirm that, to the best of their knowledge, information and belief, save for (a) a
waiver from strict compliance with Rules 9.09(b) and 10.04 of the Listing Rules and a consent
under paragraphs 1C(1) and 1C(2) of Appendix F1 to the Listing Rules (the “Placing Guidelines ”)
granted by the Stock Exchange to permit the Company to allocate certain Offer Shares in
the International Offering to the Tencent Investor (defined below) and certain Participating
Shareholders and/or their close associates, and (b) a consent under Chapter 4.15 of the Guide for
New Listing Applicants to permit the Company to, among other things, allocate further Offer
Shares in the International Offering to existing Shareholders and/or their close associates and
Cornerstone Investors, (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
Class A Shares registered in his/her/its name or otherwise held by him/her/it.


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6
The placees in the International Offering include the following:
Cornerstone Investors
Investor Notes
No. of Offer Shares
allocated
% of total number
of Offer Shares after
the Global Offering
(assuming the Over-
allotment Option is
not exercised)
% of total issued
share capital after
the Global Offering
(assuming the Over-
allotment Option is
not exercised)
Existing shareholders
or their close
associates
Huang River Investment Limited 386,160 5.3% 0.3% Yes
Ms. Minfang Guo (ٹ1,103,320 15.3% 0.8% No
Treasure-stone Investment Group
Limited
551,640 7.6% 0.4% No
Ms. Lina Bao (ࢆ551,640 7.6% 0.4% No
Hundreds Capital 275,800 3.8% 0.2% Yes
GFH Financial Group B.S.C. 275,800 3.8% 0.2% No
QuantumPharm Limited 110,320 1.5% 0.1% No
Total 3,254,680 45.1% 2.3%
Notes:
(1) For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.
(2) In addition to the Offer Shares subscribed for as Cornerstone Investors, Ms. Minfang Guo (ٹand
Treasure-stone Investment Group Limited, and/or their respective close associates, where applicable, were
allocated further Offer Shares as placees in the International Offering. Please refer to the section headed
“Allotment Results Details – International Offer – Allottees with Waivers/Consents Obtained ” in this
announcement for details. Only the Offer Shares subscribed for as Cornerstone Investors are subject to lock-
up as indicated below. For details, please refer to the section headed “Lock-up Undertakings – Cornerstone
Investors ” in this announcement.


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7
Allottees with Waivers/Consents Obtained
Investor
No. of Offer
Shares allocated
% of total
number of Offer
Shares after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 4
% of total
issued Class A
Ordinary Shares
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
% of total
issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 5 Relationship
Allottees with waiver from strict compliance with the requirements under Rules 9.09(b) and 10.04 of the Listing Rules and consent
under paragraph 1C(2) of the Placing Guidelines in relation to subscription for Offer Shares by the Tencent Shareholders and/or
their close associates (the “Tencent Investor ”) Note 1.
Huang River Investment
 Limited
386,160 5.3% 0.3% 0.3% A close associate
 of an existing
 shareholder.
Allottees with waiver from strict compliance with the requirements under Rule 10.04 of the Listing Rules and consent under
paragraph 1C(2) of the Placing Guidelines in relation to subscription for Offer Shares by Participating Shareholders and/or their
close associates Note 2
Hundreds Capital 275,800 3.8% 0.2% 0.2% A Participating
 Shareholder.
Allottees with consent under Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further Offer
Shares to existing Shareholders and/or their close associates and Cornerstone Investors Note 3
Ms. Minfang Guo
 (ٹ)
1,103,280 15.3% 0.8% 0.8% Cornerstone
 Investor.
Treasure-stone
Investment Group
Limited
165,480 2.3% 0.1% 0.1% Cornerstone
 Investor.
Mega Prime
 Development
 Limited Note 6
41,360 0.6% 0.03% 0.03% Close Associate of
 Existing Minority
 Shareholder
Oakwise Value Fund
 SPC – Greater China
 High Yield SP  Note 7
19,280 0.3% 0.01% 0.01% Close Associate of
 Existing Minority
 Shareholder


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8
Investor
No. of Offer
Shares allocated
% of total
number of Offer
Shares after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 4
% of total
issued Class A
Ordinary Shares
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
% of total
issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 5 Relationship
Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants
in relation to allocations to connected clients Note 4
CITIC Securities
International Capital
Management Limited 161,000 2.23% 0.12% 0.11% Connected Client
China AMC HK 1,360 0.02% 0.001% 0.0009% Connected Client
Huatai Capital
Investment Limited 5,480 0.08% 0.004% 0.0037% Connected Client
Notes:
1. The Stock Exchange has granted a waiver from strict compliance with the requirements under Rules 9.09 and 10.04 of the Listing Rules and consent under
Paragraph 1C(2) of the Placing Guidelines to permit Offer Shares in the International Offering to be placed to the Tencent Investor. Please refer to the
section headed “Waivers and Exemptions – Subscription for Shares by Existing Shareholders ” of the Prospectus for more details.
2. The Stock Exchange has granted a waiver from strict compliance with the requirements under Rule 10.04 of the Listing Rules and consent under Paragraph
1C(2) of the Placing Guidelines to permit Offer Shares in the International Offering to be placed to certain Participating Shareholders. Please refer to the
section headed “Waivers and Exemptions – Subscription for Shares by Existing Shareholders ” of the Prospectus for more details.
3. The number of Offer Shares allocated to the relevant investors listed in this subsection only represents the number of Offer Shares allocated to the investors
as placees in the International Offering. For allocations of Offer Shares to the relevant investors as Cornerstone Investors, please refer to the section headed
“Allotment Results Details – International Offer – Cornerstone Investors ” in this announcement. For details of the consent under Chapter 4.15 of the Guide
for New Listing Applicants in relation to allocations of further Offer Shares to the existing Shareholders and/or their close associates and Cornerstone
investors, please refer to the section headed “Others/Additional Information – Allocations of Offer Shares to the existing Shareholders and/or their close
associates and Cornerstone investors with a consent under Chapter 4.15 of the Guide for New Listing Applicants ” in this announcement.
4. For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in relation to
allocations to connected clients, please refer to the section headed “Others/Additional Information – Placing to connected clients with a prior consent under
paragraph 1C(1) of the Placing Guidelines ” in this announcement.
5. Only taking into account the Offer Shares allocated to the relevant investors under the Global Offering.
6. Mega Prime Development Limited ( “Mega Prime ”) is a company incorporated in the British Virgin Islands with limited liability and is a wholly-owned
subsidiary of GBA Homeland Limited, which in turn is wholly owned by Greater Bay Area Homeland Investments Limited ( “GBAHIL ”). GBAHIL is a
company incorporated in Hong Kong with limited liability and is jointly owned by a number of international large-scale industrial institutions, financial
institutions and new economic enterprises, each of which holds less than 15% equity interest therein. Giga Industries is also a wholly-owned subsidiary of
GBA Homeland Limited. Accordingly, Mega Prime is considered as a close associate of Giga Industries.
7. Oakwise Value Fund SPC – Greater China High Yield SP ( “Oakwise Value ”) is managed by Oakwise Capital Management Limited, and Oakwise is
managed by Oakwise Asset Management Limited. Both Oakwise Capital Management Limited and Oakwise Asset Management Limited are wholly-owned
by Oakwise Capital Holding Limited. Accordingly Oakwise Value is considered as a close associate of Oakwise.


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9
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of Shares held
in the Company subject
to lock-up undertakings
upon Listing
% of shareholding in the
Company subject to lock-
up undertakings upon
Listing (assuming the
Over-allotment Option is
not exercised)
Last day subject to the
lock-up undertakings
Mine Mine International
Limited Note 4
14,835,491 Class B Shares 10.28% November 2, 2026 Note 1, 2,3
Zhuhai Hengqin Minglue Wanxiang
Equity Investment Enterprise
(Limited Partnership) Note 5
431,996 Class A Shares 0.30% November 2, 2026 Note 1
Total 431,996 Class A Shares
14,835,491 Class B Shares
10.57%
Notes:
1. The relevant Listing Rule and guidance materials, (i) require the Controlling Shareholder not to dispose
of or transfer Shares during the first six-month period; and (ii) require the Controlling Shareholders not to
dispose of or transfer Shares to the effect that, immediately following any such transaction, any one of the
Controlling Shareholders will cease to be a Controlling Shareholder, during the second six-month period. For
details, please refer to the sections headed “Underwriting {  Undertakings to the Stock Exchange pursuant to
the Listing Rules {  Undertakings by the Controlling Shareholders ” of the Prospectus.
2. In accordance with the Hong Kong Underwriting Agreement, each of Mr. Wu, Mine Mine International
Limited, Equation Holding Limited and Market Pro Holdings Limited has undertaken (i) certain lock-up
restrictions for the first six-month period; and (ii) not to dispose of or transfer Shares to the effect that,
immediately following any such transaction, any one of the Controlling Shareholders will cease to be a
Controlling Shareholder, during the second six-month period. For details, please refer to the sections headed
“Underwriting { Undertakings Pursuant to the Hong Kong Underwriting Agreement {  Undertakings by the
Controlling Shareholders in respect of themselves ” of the Prospectus.
3. Mr. Wu as the WVR Beneficiary agreed to a lock-up of all of its Class B Shares for a period of 12 months
from the Listing Date (which is in addition to the lock-up requirement under Rule 10.07 of the Listing Rules
applicable to the Controlling Shareholders).
4. The Class B Shares held by Mine Mine International Limited which is owned as to (i) 97% by Equation
Holding Limited, the holding vehicle wholly-owned by Equation Trust, a family trust established by Mr. Wu
as the settlor and protector, Vistra Trust (Singapore) Pte. Limited as the trustee, and Market Pro Holdings
Limited (a wholly-owned company of Mr. Wu) as the sole beneficiary; and (ii) 3% by Market Pro Holdings
Limited. The Class B Shares are subject to the Voluntary WVR Voting Restriction.
5. Class A Shares held by Zhuhai Hengqin Minglue Wanxiang Equity Investment Enterprise (Limited
Partnership) is controlled by Mr. Wu, who acts as its general partner.


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10
Cornerstone Investors
Name
Number of Offer
Shares held in the
Company subject to
lock-up undertakings
upon Listing
% of total Class
A Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing (assuming
the Over-allotment
Option is not
exercised)
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-allotment
Option is not
exercised)
Last day subject
to the lock-up
undertakings Note 1
Huang River Investment Limited 386,160 0.30% 0.27% July 30, 2026
Ms. Minfang Guo (ٹ1,103,320 0.85% 0.76% July 30, 2026
Treasure-stone Investment Group
Limited
551,640 0.43% 0.38% July 30, 2026
Ms. Lina Bao (ࢆ551,640 0.43% 0.38% July 30, 2026
Hundreds Capital 275,800 0.21% 0.19% July 30, 2026
GFH Financial Group B.S.C. 275,800 0.21% 0.19% July 30, 2026
QuantumPharm Limited 110,320 0.09% 0.08% July 30, 2026
Total 3,254,680 2.51% 2.25%
Notes:
1. In accordance with the relevant cornerstone investment agreements, the required lock-up ends on July 30,
2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring Class A Shares
subscribed for pursuant to the relevant cornerstone investment agreements after the indicated date.


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11
Existing Shareholders
Name
Number of shares held
in the Company subject
to lock-up undertakings
upon listing
% of total issued
shares after the Global
Offering subject to lock-
up undertakings upon
listing (assuming the
Over-allotment Option is
not exercised)
Last day subject
to the lock-up
undertakings Note 1
Aplus Alliance Group Limited 2,778,299 1.92% July 30, 2026
Light Winner Holdings Limited 1,160,524 0.80% July 30, 2026
Tianyou Good Luck Forever Limited 616,845 0.43% July 30, 2026
Linking Globe Limited 2,371,598 1.64% July 30, 2026
Raymond Amc Holdings Limited 1,106,709 0.77% July 30, 2026
Shanghai Ruiji Huachang Enterprise
 Management Partnership (Limited
 Partnership) 238,815 0.17% July 30, 2026
Shanghai Yulian Investment Center
 (Limited Partnership) 10,319,145 7.15% July 30, 2026
Cavendish Square Holdings B.V. 1,675,231 1.16% July 30, 2026
Media Junction Limited 1,022,522 0.71% July 30, 2026
Marvel Plan Holdings Limited 479,785 0.33% July 30, 2026
Zhuhai Hengqin Minglue Wanxiang
 Equity Investment Enterprise
 (Limited Partnership) 431,996 0.30% July 30, 2026
Jiaxing Dida Investment Partnership
 (Limited Partnership) 333,897 0.23% July 30, 2026
Zhuhai Yishizhijie Equity Investment
 Enterprise (Limited Partnership) 287,046 0.20% July 30, 2026
Super System Holdings Limited 135,436 0.09% July 30, 2026
iTop Limited 1,557,397 1.08% July 30, 2026
Ying Hui Christina Lee 167,987 0.12% July 30, 2026
Ling Ying Foundation 800,314 0.55% July 30, 2026
Cai Yi-cheng 800,314 0.55% July 30, 2026
GSR Ventures III, L.P. 3,037,910 2.10% July 30, 2026
Oakwise Innovation Fund SPC – New
 Opportunity SP 1,042,972 0.72% July 30, 2026
Banean Holdings LTD. 42,437 0.03% July 30, 2026


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12
Name
Number of shares held
in the Company subject
to lock-up undertakings
upon listing
% of total issued
shares after the Global
Offering subject to lock-
up undertakings upon
listing (assuming the
Over-allotment Option is
not exercised)
Last day subject
to the lock-up
undertakings Note 1
KPCB China Fund II, L.P. 2,371,229 1.64% July 30, 2026
China Broadband Capital
 Partners II, L.P. 943,554 0.65% July 30, 2026
PV Ace 1 Limited 3,679,891 2.55% July 30, 2026
Tibet Changyan Equity Investment
 Partnership (Limited Partnership) 1,900,082 1.32% July 30, 2026
Shanghai Yingben Investment
 Partnership (Limited Partnership) 674,743 0.47% July 30, 2026
Shangri La Consulting Pte Ltd 24,536 0.02% July 30, 2026
Homaer Asset Management Master
 Fund SPC – Unicorn Equity
 Investment Portfolio III (Managed
 by HAMCO Capital Limited) 1,089,864 0.75% July 30, 2026
Image Frame Investment (HK) Limited 27,802,452 19.26% July 30, 2026
Shanghai Huasheng Lingfei
 Equity Investment Partnership
 (Limited Partnership) 5,611,043 3.89% July 30, 2026
Gold Endeavor Bolai Fund
 (Shenzhen), L.P. 1,294,950 0.90% July 30, 2026
Gold Endeavor Erqi Fund
 (Shenzhen), L.P. 2,658,633 1.84% July 30, 2026
Gold Endeavor Capital (HK) Limited 306,191 0.21% July 30, 2026
Shenzhen Hangjing Jinggong Equity
 Investment Fund Partnership
 (Limited Partnership) 1,042,524 0.72% July 30, 2026
Grace Gate Holding Limited 3,854,274 2.67% July 30, 2026
Master Power Holding Limited 5,824,195 4.03% July 30, 2026
Gomq (BVI) Limited 5,056,617 3.50% July 30, 2026
Hundreds ANTA Fund Limited
 Partnership 326,983 0.23% July 30, 2026
Hundreds Golden Vision Fund L.P. 1,022,603 0.71% July 30, 2026
Hundreds Six Fund Limited Partnership 1,697,396 1.18% July 30, 2026


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13
Name
Number of shares held
in the Company subject
to lock-up undertakings
upon listing
% of total issued
shares after the Global
Offering subject to lock-
up undertakings upon
listing (assuming the
Over-allotment Option is
not exercised)
Last day subject
to the lock-up
undertakings Note 1
Tulando Holdings Limited 774,175 0.54% July 30, 2026
Flarensi Holdings Limited 86,564 0.06% July 30, 2026
Shanghai Oriental Pearl Media
 Industry Equity Investment Fund
 Partnership (Limited Partnership) 1,186,386 0.82% July 30, 2026
Asean China Investment Fund IV L.P. 978,169 0.68% July 30, 2026
Asean China Investment Fund
 (US) IV L.P. 111,773 0.08% July 30, 2026
CapThrone Capital Limited Partnership 1,089,941 0.75% July 30, 2026
Giga Industries Limited 817,456 0.57% July 30, 2026
Pluto Connection LTD 790,208 0.55% July 30, 2026
China Sky Global Investment Limited 762,960 0.53% July 30, 2026
Dahlia Investments Pte. Ltd. 5,970,401 4.14% July 30, 2026
Cosmic Blue Investments Limited 3,582,241 2.48% July 30, 2026
Ziyang Mingtuo Equity Investment Fund
 Partnership (Limited Partnership) 6,340,154 4.39% July 30, 2026
Jinhanwang Technology Co., Ltd. 911,192 0.63% July 30, 2026
Note:
1. Each of the Existing Shareholder set out above has entered into a deed of lock-up undertaking in favor
of the Company and the Sole Sponsor, Sole Sponsor-Overall Coordinator (for itself and on behalf of the
Underwriters in connection with the Global Offering) and the Joint Global Coordinators pursuant to which
certain lock-up restrictions have been imposed on its Shares during the period ending on the date that is 270
days from the Listing Date. For details, please refer to the section headed “Underwriting –Undertakings by
our Shareholders as of the date of this Prospectus pursuant to Lock-up Undertakings ” of the Prospectus.


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14
PLACEE CONCENTRATION ANALYSIS
Placees
Number of
Shares allotted
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is fully
exercised)
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)
Allotment as
% of total
Offer Shares
(assuming the
Over-allotment
Option is fully
exercised)
Number of
Class A Shares
held upon
Listing
% of total
issued Class
A Shares
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total
issued Class
A Shares
upon Listing
(assuming the
Over-allotment
Option is fully
exercised)
% of total
issued share
capital upon
Listing
(assuming no
exercise of the
Over-allotment
Option)**
% of total
issued share
capital upon
Listing
(assuming the
Over-allotment
Option is fully
exercised)**
Top 1 2,205,080 33.94% 29.09% 30.55% 26.56% 2,205,080 1.70% 1.69% 1.53% 1.52%
Top 5 4,356,440 67.05% 57.47% 60.35% 52.48% 41,837,361 32.30% 32.03% 28.98% 28.76%
Top 10 5,735,440 88.28% 75.67% 79.45% 69.09% 46,263,343 35.71% 35.42% 32.04% 31.80%
Top 25 7,325,840 112.76% 96.65% 101.48% 88.24% 49,714,171 38.38% 38.06% 34.43% 34.18%
Notes
*
Ranking of placees is based on the number of Class A Shares allotted to the placees.
**
Total issued share capital upon Listing includes share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company, please refer to the
“Share Capital
” section of the Prospectus.


--- page 15 ---
15
CLASS A SHAREHOLDER CONCENTRATION ANALYSIS
Class A
Shareholders*
Number of
Class A Shares
allotted
Allotment as %
of International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is fully
exercised)
Allotment as
% of total
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Allotment as
% of total
Offer Shares
(assuming the
Over-allotment
Option is fully
exercised)
Number of
Class A Shares
held upon
Listing
% of total
issued Class A
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total
issued Class A
share capital
upon Listing
(assuming the
Over-allotment
Option is fully
exercised)
% of total
issued share
capital upon
Listing
(assuming no
exercise of the
Over-allotment
Option**
% of total
issued share
capital upon
Listing
(assuming the
Over-allotment
Option is fully
exercised and
new Shares
are issued**
Top 1 386,160 5.94% 5.09% 5.35% 4.65% 37,867,081 29.23% 28.99% 26.23% 26.03%
Top 5 386,160 5.94% 5.09% 5.35% 4.65% 71,410,122 55.12% 54.67% 49.46% 49.09%
Top 10 661,960 10.19% 8.73% 9.17% 7.97% 90,297,259 69.70% 69.13% 62.54% 62.08%
Top 25 2,886,320 44.42% 38.08% 39.98% 34.77% 115,697,691 89.31% 88.57% 80.14% 79.54%
Notes
*
Ranking of Class A Shareholders is based on the number of Class A Shares held by the Class A Shareholders upon Listing.
**
Total issued share capital upon Listing includes share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company, please refer to the
“Share Capital
” section of the Prospectus.


--- page 16 ---
16
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
Class A Shares
allotted
Allotment as %
of International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is fully
exercised)
Allotment as
% of total
Offer Shares
 (assuming no
exercise of the
Over-allotment
Option)
Allotment as
% of total
Offer Shares
(assuming the
Over-allotment
Option is fully
exercised)
Number of
Class A Shares
held upon
Listing
Number of
Class A Shares
held upon
Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total
issued share
capital upon
Listing
(assuming the
Over-allotment
Option is fully
exercised)
Top 1 386,160 5.94% 5.09% 5.35% 4.65% 37,867,081 37,867,081 26.23% 26.03%
Top 5 386,160 5.94% 5.09% 5.35% 4.65% 66,231,075 81,066,566 56.15% 55.73%
Top 10 661,960 10.19% 8.73% 9.17% 7.97% 87,483,649 102,319,140 70.87% 70.34%
Top 25 2,867,040 44.13% 37.82% 39.72% 34.54% 115,067,435 129,902,926 89.97% 89.30%
Note
*
Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
Total issued share capital upon Listing includes share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company, please refer to the
“Share Capital
” section of the Prospectus.


--- page 17 ---
17
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:
BASIS OF ALLOTMENT FOR PRESS ANNOUNCEMENT
Number of Shares
applied for
Number of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number
of Shares
applied for
Pool A
40 116,865 1,169 out of 116,865 applicants to receive 40 shares 1.00%
80 15,485 208 out of 15,485 applicants to receive 40 shares 0.67%
120 8,927 143 out of 8,927 applicants to receive 40 shares 0.53%
160 6,417 116 out of 6,417 applicants to receive 40 shares 0.45%
200 7,086 141 out of 7,086 applicants to receive 40 shares 0.40%
240 2,761 60 out of 2,761 applicants to receive 40 shares 0.36%
280 2,534 58 out of 2,534 applicants to receive 40 shares 0.33%
320 7,545 183 out of 7,545 applicants to receive 40 shares 0.30%
360 2,001 51 out of 2,001 applicants to receive 40 shares 0.28%
400 10,738 286 out of 10,738 applicants to receive 40 shares 0.27%
600 6,704 212 out of 6,704 applicants to receive 40 shares 0.21%
800 4,714 168 out of 4,714 applicants to receive 40 shares 0.18%
1,000 3,625 142 out of 3,625 applicants to receive 40 shares 0.16%
1,200 2,615 111 out of 2,615 applicants to receive 40 shares 0.14%
1,400 2,192 99 out of 2,192 applicants to receive 40 shares 0.13%
1,600 2,027 97 out of 2,027 applicants to receive 40 shares 0.12%
1,800 1,563 79 out of 1,563 applicants to receive 40 shares 0.11%
2,000 7,041 370 out of 7,041 applicants to receive 40 shares 0.11%
3,000 5,354 335 out of 5,354 applicants to receive 40 shares 0.08%
4,000 4,599 325 out of 4,599 applicants to receive 40 shares 0.07%
5,000 3,401 264 out of 3,401 applicants to receive 40 shares 0.06%
6,000 2,826 237 out of 2,826 applicants to receive 40 shares 0.06%
7,000 2,622 235 out of 2,622 applicants to receive 40 shares 0.05%
8,000 2,316 219 out of 2,316 applicants to receive 40 shares 0.05%
9,000 1,626 162 out of 1,626 applicants to receive 40 shares 0.04%
10,000 10,180 1,059 out of 10,180 applicants to receive 40 shares 0.04%
20,000 6,958 971 out of 6,958 applicants to receive 40 shares 0.03%
30,000 9,198 1,524 out of 9,198 applicants to receive 40 shares 0.02%
Total 259,920 Total number of Pool A successful applicants: 9,024


--- page 18 ---
18
Number of Shares
applied for
Number of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number
of Shares
applied for
Pool B
40,000 6,091 1,219 out of 6,091 applicants to receive 40 shares 0.02%
50,000 2,770 651 out of 2,770 applicants to receive 40 shares 0.02%
60,000 2,025 542 out of 2,025 applicants to receive 40 shares 0.02%
70,000 1,640 490 out of 1,640 applicants to receive 40 shares 0.02%
80,000 1,487 489 out of 1,487 applicants to receive 40 shares 0.02%
90,000 947 339 out of 947 applicants to receive 40 shares 0.02%
100,000 3,177 1,225 out of 3,177 applicants to receive 40 shares 0.02%
150,000 1,717 886 out of 1,717 applicants to receive 40 shares 0.01%
200,000 1,063 674 out of 1,063 applicants to receive 40 shares 0.01%
250,000 623 464 out of 623 applicants to receive 40 shares 0.01%
300,000 449 381 out of 449 applicants to receive 40 shares 0.01%
360,960 1,720 1,664 out of 1,720 applicants to receive 40 shares 0.01%
Total 23,709 Total number of Pool B successful applicants: 9,024
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 Class A 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.


--- page 19 ---
19
OTHERS/ADDITIONAL INFORMATION
Voluntary WVR Voting Restriction
The Company has a WVR structure, pursuant to which Mr. Wu (through Mine Mine International
Limited) is the WVR Beneficiary. To encourage greater Shareholder participation at general
meetings of the Company and to enhance the effective voting weight of other Shareholders at
general meetings of the Company during the first 4 years after Listing, Mr. Wu has voluntarily
undertaken to abide by the Voluntary WVR Voting Restriction. Under the Voluntary WVR Voting
Restriction, for a period of 4 years commencing from the Listing Date, for any resolution proposed
at a general meeting of the Company (other than the Reserved Matters), Mr. Wu (through Mine
Mine International Limited) will exercise the voting rights attached to all of its then-held Class B
Shares up to an amount equal to 30% of the total voting rights of the Company (excluding treasury
shares, if any) on the date of such general meeting. The Voluntary WVR Voting Restriction is in
addition to the requirements under Chapter 8A of the Listing Rules and is reflected in Article 3.2
of the Articles of Association (which takes effect upon Listing). For illustration purposes only,
based on the total number of issued Class A Shares and Class B Shares immediately upon Listing,
the effective voting power of the Class B Shares held by the WVR Beneficiary under the Voluntary
WVR Voting Restriction would be 39.16%. For more information on the WVR structure and the
Voluntary WVR Voting Restriction, please see the section headed “Share Capital ÑWeighted
Voting Rights Structure ” in the Prospectus.
Allocations of Offer Shares to the existing Shareholders and/or their close associates and
Cornerstone Investors with a consent under Chapter 4.15 of the Guide for New Listing
Applicants
The Company has applied to, and the Stock Exchange has granted, a consent under Chapter 4.15
of the Guide for New Listing Applicants to permit the Company to allocate further Offer Shares
in the International Offering to existing Shareholders and/or their close associates and certain
Cornerstone Investors as placees, subject to the following conditions:
(a) the final offering size of the Global Offering, excluding any over-allocation, will be of a total
value of at least HK$1 billion;
(b) each Director, chief executive and Supervisor and member of the group of Controlling
Shareholders of the Company confirms that no securities have been allocated to them or their
respective close associates under the Size-based Exemption; and
(c) details of the allocation to existing Shareholders and/or their close associates and Cornerstone
Investors under the Size-based Exemption will be disclosed in this announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange.
For details of the allocations of Offer Shares to existing Shareholders and/or their close associates
and Cornerstone Investors, please refer to the section headed “Allotment Results Details –
International Offer – Allottees with Waivers/Consents Obtained ” in this announcement.


--- page 20 ---
20
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their connected distributors pursuant to the
Placing Guidelines.
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a consent under paragraph 1C(1) of the Placing
Guidelines to permit the Company to allocate such Offer Shares in the International Offering to the connected clients. The allocation of
Offer Shares to such connected clients is in compliance with all the conditions under the consent granted by the Stock Exchange. Details of
the placement to connected clients are set out below:
No. Connected Distributor Connected Client Relationship
Identities of the
ultimate beneficial
owners of the Offer
Shares or, where
applicable, details
of the structured
products under which
the subscription by
the Connected Client
was made (e.g. OTC
total return swaps)
Whether the
Connected Client
is a collective
investment
scheme which is
not authorised
by the SFC or is
expected to hold
the Offer Shares
on behalf of such
scheme
Maximum
amount of Offer
Shares to be
allocated to the
Connected Client
Approximate
percentage of
total number
of Offer Shares
under the
Global Offering
(assuming no
exercise of the
Over-allotment
Option)
Approximate
percentage of
total issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Part A – Connected Clients holding the beneficial interest of the Offer Shares on a non-discretionary
 basis on behalf of independent third parties
1. CLSA Limited
 ( “CLSA”)
CITIC Securities
 International Capital
 Management Limited
 ( “CSI”) Note 1
CSI is a member of the
 same group of CLSA.
Please refer to
 Note (1) below
N/A 161,000 2.23% 0.11%
2. Huatai Financial Holdings
(Hong Kong) Limited
(“HTFH”)
Huatai Capital Investment
Limited ( “HTCI”)
Huatai Capital is a member
of the same group of
Huatai
Please refer to
Note (2) below
N/A 5,480 0.08% 0.0037%


--- page 21 ---
21
No. Connected Distributor Connected Client Relationship
Identities of the
ultimate beneficial
owners of the Offer
Shares or, where
applicable, details
of the structured
products under which
the subscription by
the Connected Client
was made (e.g. OTC
total return swaps)
Whether the
Connected Client
is a collective
investment
scheme which is
not authorised
by the SFC or is
expected to hold
the Offer Shares
on behalf of such
scheme
Maximum
amount of Offer
Shares to be
allocated to the
Connected Client
Approximate
percentage of
total number
of Offer Shares
under the
Global Offering
(assuming no
exercise of the
Over-allotment
Option)
Approximate
percentage of
total issued share
capital after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Part B – Connected Clients holding the beneficial interest of the Offer Shares on a discretionary basis on behalf of independent third parties
3. CLSA China Asset Management
(Hong Kong) Limited
(“China AMC HK ”)
China AMC HK is a
member of the same
group of CLSA
Please refer to
Note (3) below
N/A 1,360 0.02% 0.0009%
Note: (1) CSI will act as the single counterparty of a back-to-back total return swap transaction (the “CSI Back-to-back TRS ”) to be entered into by CSI in connection
with a total return swap order (the “CSI Client TRS ”) placed and fully funded by its ultimate clients, which are funds (the “CSI Ultimate Client(s) ”), by which
CSI will pass the full economic exposure of the Offer Shares placed to CSI to the CSI Ultimate Clients.
As confirmed by CSI and CLSA, CSI will hold the legal title and beneficial interest in the Offer Shares, but will contractually agree to pass on the full economic
exposure and return of the Offer Shares to the CSI Ultimate Clients, all being independent third parties, on a non-discretionary basis. The CSI Ultimate Clients
may exercise their early termination rights to terminate the CSI Client TRS at any time from the trade date of the CSI Client TRS which should be on or after
the date on which the Offer Shares are listed on the Stock Exchange. Upon the final maturity or termination of the CSI Client TRS by the CSI Ultimate Clients,
CSI will dispose of the Offer Shares on the secondary market and the CSI Ultimate Clients will receive a final termination amount of the CSI Back-to-back TRS
which will have taken into account all the economic returns or economic loss in relation to the Offer Shares and the fixed amount of transaction fees of the CSI
Back-to-back TRS and the CSI Client TRS. Due to its internal policy, CSI will not exercise the voting right of the Offer Shares during the terms of the CSI Back-
to-back TRS.


--- page 22 ---
22
(2) PRC investors are currently not permitted under applicable PRC laws to participate directly in initial public offerings ( “IPOs”) in Hong Kong. However, PRC
investors are permitted to invest in products issued by appropriate domestic securities firms licensed to undertake cross-border derivatives trading activities. In
connection with such products, the licensed domestic securities firms, through their Hong Kong affiliates, may participate in Hong Kong IPOs either as placees or
cornerstone investors (the “Cross-border Derivatives Trading Regime ”).
Huatai Securities Co., Ltd. ( “Huatai Securities ”), the shares of which are listed on both the Shanghai Stock Exchange (stock code: 601688) and the Stock
Exchange (stock code: 6886), is one of the domestic securities firms licensed to undertake cross-border derivatives trading activities. Huatai Securities entered
into an ISDA agreement (the “ISDA Agreement ”) with its indirectly wholly-owned subsidiary, HTCI, to set out the principal terms of any future total return
swap between Huatai Securities and HTCI.
HTFH is a non-syndicate distributor in connection with the Global Offering. Pursuant to the ISDA Agreement, HTCI, which intends to participate in the Global
Offering as a placee, will hold the Offer Shares on a non-discretionary basis as the single underlying holder under a back-to-back total return swap (the “Back-to-
back TRS ”) to be entered by HTCI in connection with a Client TRS (as defined below) placed by and fully funded (i.e. with no financing provided by HTCI) by
the Huatai Ultimate Clients (as defined below), by which, HTCI will pass the full economic exposure of the Offer Shares to the Huatai Ultimate Clients, which
in effect, HTCI will hold the beneficial interest of the Offer Shares on behalf of the Huatai Ultimate Clients. HTFH, the Overall Coordinator, and HTCI are
indirectly wholly-owned subsidiaries of Huatai Securities. Accordingly, HTCI is considered as a “connected client ” of HTFH pursuant to paragraph 13(7) of the
Placing Guidelines.
Pursuant to the Cross-border Derivatives Trading Regime, the onshore investors (the “Huatai ultimate Clients ”) cannot directly subscribe for the Offer Shares
but may invest in derivative products issued by domestic securities firms licenced to undertake cross-border derivatives trading activities, such as Huatai
Securities, with the Offer Shares as the underlying assets. Instead of directly subscribing for the Offer Shares, the Huatai Ultimate Clients will place a total return
swap order (the “Client TRS ”) with Huatai Securities in connection with the Company ’s IPO and Huatai Securities will place a Back-to-back TRS order to HTCI
on the terms of the ISDA Agreement. In order to hedge its exposure under the Back-to-back TRS, HTCI participates in the Company ’s IPO and subscribes the
Offer Shares through placing order with HTFH during the International Offering.
(3) China AMC HK ’s ultimate clients for the purpose of this place subscription include (i) CHINAAMC CHINA FOCUS FUND (Authorised fund, AVK670;
LEI registration document (254900G5YFZ5OTQS0G14)), (ii) CHINAAMC FUND – CHINAAMC CHINA OPPORTUNITIES FUND (Authorised fund,
BCC109; LEI registration document (213800LFHQWQ1J2I7875)); and (iii) CHINAAMC CHINA GROWTH FUND (SICAV) (LEI registration document
(213800OL1K8299ZA3F59)); the ultimate beneficial owner holding 30% or more interest in CHINAAMC CHINA FOCUS FUND and CHINAAMC CHINA
GROWTH FUND (SICAV) is Manulife (International) Limited – 549300E1S6OED3RZ2B22 with 78.74% interest, and Yuanta Securities (HK) Company LTD –
3003006CJLCA4YV6DX47 with 68.53% interest, respectively.


--- page 23 ---
23
DISCLAIMERS
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 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 October 23, 2025 issued by Mininglamp
Technology for detailed information about the Global Offering described below before deciding
whether or not to invest in the Class A Shares thereby being offered.
* Potential investors of the Offer Shares should note that the Sole Sponsors and the Sole
Sponsor-Overall Coordinator (for itself 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 section 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
November 3, 2025).


--- page 24 ---
24
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering, the total number of the Class A
Shares held by the public represents approximately 68.91% of the total issued Class A Shares of
the Company, which is higher than the prescribed percentage of Class A Shares required to be held
in public hands of 15% under Rule 8.08(1) of the Listing Rules calculated based on the Offer Price
of HK$141.00, thereby satisfying Rule 8.08(1) of the Listing Rules.
Further, based on the Offer Price of HK$141.00, upon completion of the Global Offering, the
Company satisfies the free float requirement under Rule 8.08A of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering (before
any exercise of the Over-allotment Option), (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 (as defined in the Listing Rules) immediately
after the Global Offering; (iii) the three largest public shareholders of the Company do not hold
more than 50% of the Class A 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 Share certificates for the Offer Shares will only become valid evidence of title at 8:00
a.m. on Monday, November 3, 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 Class A Shares on
the basis of publicly available allocation details prior to the receipt of Share certificates for the
Offer Shares or prior to the Share certificates for the Offer Shares 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,
November 3, 2025 (Hong Kong time), it is expected that dealings in the Class A Shares on the
Stock Exchange will commence at 9:00 a.m. on Monday, November 3, 2025 (Hong Kong time).
The Class A Shares will be traded in board lots of 40 Class A Shares each, and the stock code of
the Class A Shares will be 2718.
By order of the Board
Mininglamp Technology
Mr. Minghui Wu
Chairman of the Board and Executive Director
Hong Kong, October 31, 2025
As at the date of this announcement, the board of directors of the Company comprises: (i) Mr.
Minghui Wu, Mr. Ping Jiang, Ms. Jie Zhao and Mr. Qi Yu as executive Directors; (ii) Mr. Leiwen
Yao as non-executive Director; and (iii) Mr. Yunan Ren, Mr. Hing Yuen Ho and Mr. Qingfei Zeng
as proposed independent non-executive Directors.
