--- page 1 ---
– 1 –
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
Exchange”, or the “Hong Kong 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 herein, capitalized terms used in this announcement shall have the same meanings
as those defined in the prospectus dated January 29, 2026 (the “Prospectus”) of Shenzhen Han’s CNC
Technology Co., Ltd. (ʮ̡ ) (the “ Company”). This announcement is
made by the order of the board (the “Board”) of directors (the “Directors”) of the Company. The Board
collectively and individually accept responsibility for the accuracy of this announcement.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire,
purchase or subscribe for any securities. This announcement is not a prospectus. Potential investors should
read the Prospectus for detailed information about the Global Offering described below before deciding
whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be
taken solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication or distribution, directly or indirectly, in or into the United
States (including its territories and possessions, any state of the United States and the District of Columbia
or any other jurisdiction where such distribution is prohibited by laws). 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.
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 H 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 Stabilizing Manager (or its affiliates or any
person acting for it) and in what the Stabilizing Manager reasonably regards as the best interest of the
Company, (b) may be discontinued at any time and (c) is required to be brought to an end within 30 days
of the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, March 5,
2026). 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 H
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, March 5, 2026). After this date, when no further stabilizing action may be taken, demand for the H
Shares, and therefore the price of the H Shares, could fall.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to 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
Sponsors and the Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall
be entitled to terminate the Hong Kong Underwriting Agreement with immediate effect upon the occurrence
of any of the events set out in the section headed “Underwriting — Underwriting Arrangements and
Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus at any time prior to
8:00 a.m. on the Listing Date.


--- page 2 ---
– 2 –
SHENZHEN HAN’S CNC TECHNOLOGY 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
: 50,451,800 H Shares (subject to the
Over-allotment Option)
Number of Hong Kong Offer Shares : 5,045,200 H Shares
Number of International Offer Shares : 45,406,600 H Shares (subject to the Over-
allotment Option)
Final Offer Price : HK$95.80 per H Share, plus brokerage of 1.0%,
SFC transaction levy of 0.0027%, Hong Kong
Stock Exchange trading fee of 0.00565% and
AFRC transaction levy of 0.00015% (payable
in full on application in Hong Kong dollars
and subject to refund)
Nominal value : RMB1.00 per H Share
Stock code : 3200
Sole Sponsor, Sponsor-Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers


--- page 3 ---
3

SHENZHEN HAN’S CNC TECHNOLOGY CO., LTD. / 深圳市大族數控科技股份有限
公司
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 H Shares could move
substantially even with a small number of the H Shares traded and should exercise extreme caution
when dealing in the H Shares.
SUMMARY

Company information
Stock code  3200
Stock short name  HANS CNC
Dealings commencement date February 6, 2026*
*see note at the end of the announcement

Price Information
Final Offer Price HK$95.80
Maximum Offer Price HK$95.80

Offer Shares and Share Capital
Number of Offer Shares 50,451,800
Final Number of Offer Shares in Hong Kong Public Offering 5,045,200
Final Number of Offer Shares in International Offering 45,406,600
Number of issued Shares upon Listing (before exercise of the
Over-allotment Option)
475,960,952

Over-allocation
No. of Offer Shares over-allocated 7,567,700
- International Offering 7,567,700
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.

Proceeds
Gross proceeds (Note)  HK$4,833.3 million
Less: Estimated listing expenses payable based on final
Offer Price
HK$202.6 million
Net proceeds  HK$4,630.7 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.


--- page 4 ---
4

ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING

No. of valid applications  159,985
No. of successful applications  38,958
Subscription level 446.39 times
Claw-back triggered  N/A
No. of Offer Shares initially available under the Hong Kong Public
Offering
5,045,200
Final no. of Offer Shares under the Hong Kong Public Offering 5,045,200
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10%

Note: For details of the final allocation of H 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.
INTERNATIONAL OFFERING

No. of placees 218
Subscription level 21.07 times
No. of Offer Shares initially available under the International
Offering
45,406,600
Final no. of Offer Shares under the International Offering 45,406,600
% of Offer Shares under the International Offering to the Global
Offering
90%
% of final no. of Offer Shares under the International Offering to
the Global Offering (after over-allocation)
91.30%

The Directors confirm that, to the best of their knowledge, information and belief, save for (a) a waiver from
strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph 1C(2) of Appendix F1
to the Listing Rules (the “Placing Guidelines”) granted by the Stock Exchange to permit H Shares in the
International Offering to be placed to certain Existing Minority 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 H Shares in the International Offering to certain existing Shareholders
and Cornerstone Investors and/or their respective close associates, (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, members of the Controlling Shareholders Group, 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, members of the Controlling
Shareholders Group, 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 the H
Shares registered in his/her/its name or otherwise held by him/her/it.
The placees in the International Offering include the following:
Cornerstone Investors


--- page 5 ---
5


Investor
No. of Offer
Shares
allocated
% of H Shares
(assuming the
Over-allotment
Option is not
exercised) Note 1
% of total issued
share capital after
the Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders or
their close
associates Note 2
Hongxing International
Technology Limited (宏興國
際科技有限公司) (“Hongxing
International”) 4,884,200 9.68% 1.03% No
GIC Private Limited 7,326,300 14.52% 1.54% No
Schroder Investment
Management (Singapore) Ltd
and Schroder Investment
Management (Hong Kong)
Limited (“Schroders”) 6,105,200 12.10% 1.28% No
HHLR Advisors, Ltd.
(“HHLRA”) 2,035,000 4.03% 0.43% No
Morgan Stanley & Co.
International plc (“MSIP”) 814,000 1.61% 0.17% Yes
Fullgoal 814,000 1.61% 0.17%
Fullgoal Asset Management
(HK) Limited (“ Fullgoal
HK”) Note 3 244,200 0.48% 0.05% No
Fullgoal Fund Management
Co., Ltd. (“Fullgoal Fund”)
Note 3 569,800 1.13% 0.12% No
Tibet Longrising Asset
Management Co., Ltd. (“Tibet
Longrising”) Note 4  and CICC
Financial Trading Limited
(“CICC FT ”) (in connection
with the Tibet Longrising OTC
Swaps) 814,000 1.61% 0.17% Yes
ICBC Wealth Management
Co., Ltd. (“ICBC Wealth”) 814,000 1.61% 0.17% No
Wind Sabre Fund SPC on
behalf of Wind Sabre
Opportunities Fund SP (“Wind
Sabre”) 814,000 1.61% 0.17% No
WILL Semiconductor Limited
(“OmniVision HK”) 797,700 1.58% 0.17% No
Total 25,218,400 49.99% 5.30%
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


--- page 6 ---
6


Investor
No. of Offer
Shares
allocated
% of H Shares
(assuming the
Over-allotment
Option is not
exercised) Note 1
% of total issued
share capital after
the Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders or
their close
associates Note 2
Global Offering.

2. In addition to the Offer Shares subscribed for as Cornerstone Investors, GIC Private Limited, Schroders, HHLRA, MSIP, Fullgoal
HK, Fullgoal Fund, Tibet Longrising, IBCB Wealth, Wind Sabre, OmniVision HK and/or their close associates were allocated
further Offer Shares as placees in the International Offering. Please refer to the section headed “Allotment Results Details —
International Offering — Allottees with Waivers/Consents Obtained” in this announcement for details. Only the Offer Shares
subscribed for as Cornerstone Investors are subject to lock-up restrictions as indicated below. For details, please refer to the
section headed “Lock-up Undertakings — Cornerstone Investors” in this announcement.

3. It was stated in the Prospectus (see page 315 thereof) that (i) Fullgoal HK will acquire 569,800 Offer Shares and which represent
1.13% of the Offer Shares and 0.12% of the Company’s total issued share capital immediately upon completion of the Global
Offering, assuming the Over-allotment Option is not exercised, and 0.98% of the Offer Shares and 0.12% of the Company’s total
issued share capital, assuming the Over-allotment Option is exercised in full; and (ii) Fullgoal Fund will acquire 244,200 Offer
Shares and which represent 0.48% of the Offer Shares and 0.05% of the Company’s total issued share capital immediately upon
completion of the Global Offering, assuming the Over-allotment Option is not exercised, and 0.42% of the Offer Shares and 0.05%
of the Company’s total issued share capital, assuming the Over-allotment Option is exercised in full. There were typos in respect
of these figures stated in the Prospectus. The accurate figures regarding the number of Offer Shares to be acquired by Fullgoal HK
and Fullgoal Fund as Cornerstone Investors, and their respective percentages of the Offer Shares and the Company’s total issued
share capital are those stated in the above table of this announcement. Such amendments are not material and the total number of
Offer Shares to be acquired by Fullgoal HK and Fullgoal Fund in aggregate as Cornerstone Investors stated in this announcement
is the same as such number stated in the Prospectus.

4. To the best of the knowledge, information and belief of the Company, one of the ultimate clients in connection with the Tibet
Longrising OTC Swaps (the “CICC FT Ultimate Clients (Tibet Longrising)”) managed by Tibet Longrising is an existing minority
Shareholder, holding not more than 1% of the issued share capital of the Company as of the date of this announcement.


--- page 7 ---
7


Allottees with Waivers/Consents Obtained


Investor
No. of Offer
Shares allocated
% of H Shares
(assuming the
Over-allotment
Option is not
exercised) Note 1
% of total issued
share capital after
the Global Offering
(assuming the Over-
allotment Option is
not exercised) Relationship
Allottees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under
paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by Existing Minority
Shareholders holding more than 1% of the issued share capital of the Company immediately prior to the
completion of the Global Offering and/or their close associates
Nil Nil Nil Nil Nil
Allottees with consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations of further H Shares to existing Shareholders and Cornerstone Investors and/or
their close associates Note 2
GIC Private Limited 975,000 1.93% 0.20%
Same entity as the
Cornerstone
Investor
Schroder Investment
Management
(Singapore) Ltd 814,000 1.61% 0.17%
Same entity as the
Cornerstone
Investor
Hillhouse Investment
Management Limited 81,400 0.16% 0.02%
A close associate
of the
Cornerstone
Investor
MSIP 40,800 0.08% 0.01%
Same entity as the
Cornerstone
Investor and
existing
Shareholder
Morgan Stanley
Investment
Management
Company  13,800 0.03% 0.00%
A close associate
of the
Cornerstone
Investor
Fullgoal 40,800 0.08% 0.01%
Fullgoal HK 15,200 0.03% 0.00%
Same entity as the
Cornerstone
Investor
Fullgoal Fund 25,600 0.05% 0.01%
Same entity as the
Cornerstone
Investor
Tibet Longrising and
CICC FT (in
connection with the
Tibet Longrising
OTC Swaps) 30,600 0.06% 0.01%
Same entity as the
Cornerstone
Investor and
existing
Shareholder


--- page 8 ---
8


Investor
No. of Offer
Shares allocated
% of H Shares
(assuming the
Over-allotment
Option is not
exercised) Note 1
% of total issued
share capital after
the Global Offering
(assuming the Over-
allotment Option is
not exercised) Relationship
Longrising
Prosperous China
Fund 10,200 0.02% 0.00%
A close associate
of the
Cornerstone
Investor
ICBC Wealth 40,800 0.08% 0.01%
Same entity as the
Cornerstone
Investor
Wind Sabre Capital
Limited 40,800 0.08% 0.01%
A close associate
of the
Cornerstone
Investor
OmniVision HK 40,800 0.08% 0.01%
Same entity as the
Cornerstone
Investor
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 3
CICC FT
CICC FT Ultimate
Clients (Tibet
Longrising):
814,000 1.61% 0.17%
Connected client
as a Cornerstone
Investor
CICC FT Ultimate
Clients (Tibet
Longrising):
30,600 0.06% 0.01%
Connected client
as a placee
Other ultimate
clients (the
“Other CICC FT
Ultimate
Clients”):
9,371,200 18.57% 1.97%
Connected client
as a placee
Bosera Asset
Management
(International) Co.,
Ltd (“Bosera AM”) 40,800 0.08% 0.01%
Connected client
as a placee
CITIC Securities
International Capital
Management Limited
(“CSICM”) 13,800 0.03% 0.00%
Connected client
as a placee
China Asset
Management (Hong
Kong) Limited
(“China AMC HK”) 24,500 0.05% 0.01%
Connected client
as a placee


--- page 9 ---
9


Investor
No. of Offer
Shares allocated
% of H Shares
(assuming the
Over-allotment
Option is not
exercised) Note 1
% of total issued
share capital after
the Global Offering
(assuming the Over-
allotment Option is
not exercised) Relationship
CITIC Securities
Asset Management
Co., Ltd. (“CITICS
AM”) 2,500 0.00% 0.00%
Connected client
as a placee
ICBC UBS Asset
Management Co.,
Ltd. (“ICBC UBS”) 40,800 0.08% 0.01%
Connected client
as a placee
UBS Asset
Management
(Singapore) Limited
(“UBS AM
Singapore”) 81,400 0.16% 0.02%
Connected client
as a placee
Huatai Capital
Investment Limited
(“HTCI”) 89,300 0.18% 0.02%
Connected client
as a placee
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. 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 and/or
their close associates as Cornerstone Investors, please refer to the section headed “Allotment Results Details — International
Offering — Cornerstone Investors” in this announcement. For details of the consent under paragraph 18 of Chapter 4.15 of the
Guide for New Listing Applicants in relation to allocations of further H Shares to the existing Shareholders and Cornerstone
Investors and/or their close associates, please refer to the section headed “Others / Additional Information — Allocations of Offer
Shares to the existing Shareholders and Cornerstone Investors and/or their close associates with a consent under paragraph 18 of
Chapter 4.15 of the Guide for New Listing Applicants” in this announcement.

3. 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 sections headed “Others / Additional Information —
Placing to connected clients with a consent under paragraph 1C(1) of the Placing Guidelines” and “Others / Additional
Information — Allocations of Offer Shares to the existing Shareholders and the Cornerstone Investors and/or their close associates
with a consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants” in this announcement.


LOCK-UP UNDERTAKINGS
Controlling Shareholders Group


--- page 10 ---
10

Name Note 1
Number and
description of
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
(assuming the Over-
allotment Option is not
exercised) Note 2
% of shareholding in
the Company subject
to lock-up
undertakings
(assuming the Over-
allotment Option is
not exercised)
Last day subject to
the lock-up
undertakings Note 3
Han’s
Laser
355,868,100 A
Shares
- 74.77% August 5, 2026 (First
Six-month Period)
Note 4
February 5, 2027
(Second Six-month
Period) Note 5
Dazu
Holdings
3,231,900 A
Shares
- 0.68% August 5, 2026 (First
Six-month Period)
Note 4
February 5, 2027
(Second Six-month
Period) Note 5
Notes:

1. For illustrative purposes only, this subsection lists only those members of the Controlling Shareholders Group who hold Shares
directly in the Company. Pursuant to Rule 10.07 of the Listing Rules, each member of the Controlling Shareholders Group
(namely, Mr. Gao, Han’s Laser, Dazu Holdings and Han’s Global) has undertaken to the Stock Exchange and the Company
that, except in connection with the Global Offering (including the Over-allotment Option), he or it shall, and shall procure that
the relevant registered holders of the Shares in which he or it is beneficially interested shall, comply with the applicable lock-
up requirements. For further details, please refer to the section headed “Underwriting — Underwriting Arrangements and
Expenses — Hong Kong Public Offering — Undertakings to the Stock Exchange pursuant to the Listing Rules — Undertakings
by the Controlling Shareholders Group” in the Prospectus.

2. 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.

3. In accordance with the applicable Listing Rules, the required lock-up for the first six-month period will end on August 5, 2026
and for the second six-month period will end on February 5, 2027.

4. The Controlling Shareholders may dispose of or transfer Shares after the indicated date subject to that the Controlling
Shareholders will not cease to be a Controlling Shareholder.

5. The Controlling Shareholders will cease to be prohibited from disposing of or transferring Shares after the indicated date.


Cornerstone Investors
Name
Number and
description of
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
(assuming the Over-
allotment Option is
not exercised) Note 1
% of shareholding in
the Company subject
to lock-up
undertakings
(assuming the Over-
allotment Option is
not exercised)
Last day
subject to the
lock-up
undertakings
Note 2
Hongxing
International
4,884,200 H Shares 9.68% 1.03% August 5,
2026
GIC Private
Limited
7,326,300 H Shares 14.52% 1.54% August 5,
2026


--- page 11 ---
11

Name
Number and
description of
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
(assuming the Over-
allotment Option is
not exercised) Note 1
% of shareholding in
the Company subject
to lock-up
undertakings
(assuming the Over-
allotment Option is
not exercised)
Last day
subject to the
lock-up
undertakings
Note 2
Schroders 6,105,200 H Shares 12.10% 1.28% August 5,
2026
HHLRA 2,035,000 H Shares 4.03% 0.43% August 5,
2026
MSIP 814,000 H Shares 1.61% 0.17% August 5,
2026
Fullgoal 814,000 H Shares 1.61% 0.17% August 5,
2026
Fullgoal HK
244,200 H Shares 0.48% 0.05%
August 5,
2026
Fullgoal Fund
569,800 H Shares 1.13% 0.12%
August 5,
2026
Tibet Longrising
and CICC FT (in
connection with
the Tibet
Longrising OTC
Swaps)
814,000 H Shares 1.61% 0.17% August 5,
2026
ICBC Wealth 814,000 H Shares 1.61% 0.17% August 5,
2026
Wind Sabre 814,000 H Shares 1.61% 0.17% August 5,
2026
OmniVision HK 797,700 H Shares 1.58% 0.17% August 5,
2026
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 periods will end on August 5, 2026. The
Cornerstone Investors will cease to be prohibited from disposing of or transferring the H Shares subscribed for pursuant to the relevant
cornerstone investment agreements after the indicated date.


--- page 12 ---
12

PLACEE CONCENTRATION ANALYSIS
Placees*
Number of H Shares
allotted
Allotment as %
of the
International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of the
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 H
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 9,371,200 20.64% 17.69% 18.57% 16.15% 9,371,200 1.97% 1.94%
Top 5 34,156,600 75.22% 64.48% 67.70% 58.87% 34,156,600 7.18% 7.06%
Top 10 40,031,200 88.16% 75.57% 79.35% 69.00% 40,031,200 8.41% 8.28%
Top 25 47,974,500 105.66% 90.56% 95.09% 82.69% 47,974,500 10.08% 9.92%

Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.


--- page 13 ---
13

H SHAREHOLDERS CONCENTRATION ANALYSIS
H
Shareholders*
Number of H
Shares
allotted
Allotment as %
of the
International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of the
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 H
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 9,371,200 20.64% 17.69% 18.57% 16.15% 9,371,200 1.97% 1.94%
Top 5 34,156,600 75.22% 64.48% 67.70% 58.87% 34,156,600 7.18% 7.06%
Top 10 40,031,200 88.16% 75.57% 79.35% 69.00% 40,031,200 8.41% 8.28%
Top 25 47,974,500 105.66% 90.56% 95.09% 82.69% 47,974,500 10.08% 9.92%

Note:
* Ranking of H Shareholders is based on the number of H Shares held by the Shareholders upon Listing.


--- page 14 ---
14

SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders*
Number of H Shares
allotted
Allotment
as % of the
International
Offering
(assuming no
exercise of
the Over-
allotment
Option)
Allotment
as % of the
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
H Shares
held upon
Listing
Number of
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 0 0 0 0 0 0 359,100,000 75.45% 74.27%
Top 5 24,591,700 54.16% 46.42% 48.74% 42.39% 24,591,700 390,344,249 82.01% 80.73%
Top 10 36,273,000 79.88% 68.47% 71.90% 62.52% 36,273,000 408,064,366 85.73% 84.39%
Top 25 45,021,300 99.15% 84.99% 89.24% 77.60% 45,021,300 421,912,428 88.64% 87.26%

Notes:
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.


--- page 15 ---
15

BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:

NO. OF H
SHARES
APPLIED
FOR
NO. OF VALID
APPLICATIONS
BASIS OF ALLOTMENT /
BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF THE
TOTAL NO. OF H
SHARES APPLIED
FOR

POOL A

100 62,539
6,254 out of 62,539 applicants to
receive 100 H Shares 10.00%
200 6,977
831 out of 6,977 applicants to
receive 100 H Shares 5.96%
300 5,932
782 out of 5,932 applicants to
receive 100 H Shares 4.39%
400 2,815
399 out of 2,815 applicants to
receive 100 H Shares 3.54%
500 12,684
1,901 out of 12,684 applicants to
receive 100 H Shares 3.00%
600 2,064
324 out of 2,064 applicants to
receive 100 H Shares 2.62%
700 938
153 out of 938 applicants to
receive 100 H Shares 2.33%
800 1,066
180 out of 1,066 applicants to
receive 100 H Shares 2.11%
900 930
162 out of 930 applicants to
receive 100 H Shares 1.94%
1,000 8,571
1,529 out of 8,571 applicants to
receive 100 H Shares 1.78%
1,500 3,069
606 out of 3,069 applicants to
receive 100 H Shares 1.32%
2,000 3,093
657 out of 3,093 applicants to
receive 100 H Shares 1.06%
2,500 2,035
457 out of 2,035 applicants to
receive 100 H Shares 0.90%
3,000 2,111
496 out of 2,111 applicants to
receive 100 H Shares 0.78%
3,500 1,356
332 out of 1,356 applicants to
receive 100 H Shares 0.70%
4,000 1,542
390 out of 1,542 applicants to
receive 100 H Shares 0.63%
4,500 1,131
295 out of 1,131 applicants to
receive 100 H Shares 0.58%
5,000 2,779
743 out of 2,779 applicants to
receive 100 H Shares 0.53%


--- page 16 ---
16

6,000 2,075
581 out of 2,075 applicants to
receive 100 H Shares 0.47%
7,000 1,872
545 out of 1,872 applicants to
receive 100 H Shares 0.42%
8,000 1,431
431 out of 1,431 applicants to
receive 100 H Shares 0.38%
9,000 1,358
421 out of 1,358 applicants to
receive 100 H Shares 0.34%
10,000 7,230
2,298 out of 7,230 applicants to
receive 100 H Shares 0.32%
20,000 4,366
1,652 out of 4,366 applicants to
receive 100 H Shares 0.19%
30,000 2,554
1,070 out of 2,554 applicants to
receive 100 H Shares 0.14%
40,000 1,632
735 out of 1,632 applicants to
receive 100 H Shares 0.11%
50,000 2,103
1,002 out of 2,103 applicants to
receive 100 H Shares 0.10%
Total 146,253
Total number of Pool A
successful applicants: 25,226

POOL B
60,000 6,272
100 H Shares plus 3,136 out of
6,272 applicants to receive an
additional 100 H Shares 0.25%
70,000 1,178
100 H Shares plus 703 out of
1,178 applicants to receive an
additional 100 H Shares 0.23%
80,000 847
100 H Shares plus 580 out of 847
applicants to receive an
additional 100 H Shares 0.21%
90,000 602
100 H Shares plus 462 out of 602
applicants to receive an
additional 100 H Shares 0.20%
100,000 2,684
100 H Shares plus 2,263 out of
2,684 applicants to receive an
additional 100 H Shares 0.18%
200,000 1,095
200 H Shares plus 480 out of
1,095 applicants to receive an
additional 100 H Shares 0.12%
300,000 401
200 H Shares plus 350 out of 401
applicants to receive an
additional 100 H Shares 0.10%
400,000 206
300 H Shares plus 47 out of 206
applicants to receive an
additional 100 H Shares 0.08%
500,000 107
300 H Shares plus 57 out of 107
applicants to receive an
additional 100 H Shares 0.07%


--- page 17 ---
17

600,000 63
300 H Shares plus 51 out of 63
applicants to receive an
additional 100 H Shares 0.06%
700,000 38
400 H Shares plus 2 out of 38
applicants to receive an
additional 100 H Shares 0.06%
800,000 33
400 H Shares plus 9 out of 33
applicants to receive an
additional 100 H Shares 0.05%
900,000 25
400 H Shares plus 12 out of 25
applicants to receive an
additional 100 H Shares 0.05%
1,000,000 89
400 H Shares plus 60 out of 89
applicants to receive an
additional 100 H Shares 0.05%
1,500,000 35
500 H Shares plus 18 out of 35
applicants to receive an
additional 100 H Shares 0.04%
2,000,000 15
600 H Shares plus 3 out of 15
applicants to receive an
additional 100 H Shares 0.03%
2,522,600 42
600 H Shares plus 33 out of 42
applicants to receive an
additional 100 H Shares 0.03%
Total 13,732
Total number of Pool B
successful applicants: 13,732

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 is 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

Allocation of H Shares to Existing Minority Shareholders and their close associates

The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance
with Rule 10.04 of, and a consent under paragraph 1C(2) of Appendix F1 to, the Listing Rules to
permit H Shares in the International Offering to be placed to certain existing minority Shareholders
who (i) hold less than 5% of the total number of A Shares in issue of the Company prior to the
completion of the Global Offering and (ii) are not and will not become (upon the completion of the
Global Offering) core connected persons of the Company or the close associates of any such core
connected person (together, the “Existing Minority Shareholders”), on the following conditions:


--- page 18 ---
18

(i) each Existing Minority Shareholder to whom the Company may allocate the H Shares in
the International Offering holds less than 5% of the total number of A Shares in issue of
the Company before Listing;

(ii) each Existing Minority Shareholder is not, and will not be, a core connected person of the
Company or any close associate of any such core connected person immediately prior to or
following the Global Offering;

(iii) none of the Existing Minority Shareholders has the right to appoint a Director and/or have
any other special rights;

(iv) allocation to the Existing Minority Shareholders or their close associates will not affect the
Company’s ability to satisfy the public float requirement as prescribed by the Stock
Exchange under Rule 8.08 (as amended and replaced by Rule 19A.13A) of the Listing
Rules;

(v) no preferential treatment is given to the Existing Minority Shareholders or their respective
close associates (other than the assured entitlement for a cornerstone investor); and

(vi) details of the allocation to the Existing Minority Shareholders and/or their respective close
associates holding more than 1% of the issued share capital of the Company immediately
prior to the completion of the Global Offering has been disclosed in this announcement.

Please refer to the section headed “Waivers from Strict Compliance with the Listing Rules and
Exemptions from the Companies (Winding Up and Miscellaneous Provisions) Ordinance —
Allocation of H Shares to Existing Minority Shareholders and Their Close Associates” in the
Prospectus for further details of the waiver and consent. As the A Shares are listed on the Shenzhen
Stock Exchange since 2022, the Company has a highly extensive base of existing Shareholders and
disclosure of details of allocations to all Existing Minority Shareholders and/or their respective close
associates will not be meaningful to investors, the proposed disclosure threshold, i.e. condition (vi) of
the waiver and consent which provides that details of the allocation to the Existing Minority
Shareholders and/or their respective close associates holding more than 1% of the issued share capital
of the Company immediately prior to the completion of the Global Offering will be disclosed in this
announcement, is appropriate.

Allocations of Offer Shares to existing Shareholders and Cornerstone Investors and/or their
close associates 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 certain existing Shareholders and Cornerstone Investors and/or their close
associates as placees, subject to the following conditions (the “Allocation to Size-based Exemption
Participants”):

(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)  the Offer Shares allocated to all existing Shareholders (whether as Cornerstone Investors and/or
as placees) as permitted under this exemption do not exceed 30% of the total number of Offer
Shares offered under the Global Offering;


--- page 19 ---
19


(c)  the Allocation to Size-based Exemption Participants will not affect the Company’s ability to
satisfy its public float requirement under Rule 8.08(1) (as amended and replaced by Rule
19A.13A) of the Listing Rules;

(d) each of the Directors, chief executive of the Company and member of the Controlling
Shareholders Group confirms that no securities have been allocated to them or their respective
close associates under this exemption; and

(e) details of the Cornerstone Investors and/or their close associates under this 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 Cornerstone Investors, please refer to the section
headed “Allotment Results Details – International Offering – Allottees with Waivers/Consents
Obtained” in this announcement.

Placing to connected clients with a consent under paragraph 1C(1) of 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 CICC FT (in connection with the Tibet
Longrising OTC Swaps), as a connected client, to participate in the Global Offering as a Cornerstone
Investor. For details of the consent granted, please refer to “Waivers from Strict Compliance with the
Listing Rules and Exemptions from the Companies (Winding Up and Miscellaneous Provisions)
Ordinance — Consent in respect of the Proposed Subscription of Offer Shares by a Cornerstone
Investor Who Is a Connected Client” in the Prospectus.

In addition, under the International Offering, certain Offer Shares were placed to connected clients of
their connected distributors pursuant to the Placing Guidelines as placees. Please refer to the section
headed “Allotment Results Details — International Offering — Allottees with Waivers/Consents
Obtained” in this announcement for details. 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 as
placees. 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 as placees are set out below:


--- page 20 ---
20


No. Connected
Distributor
Connected
Client
Relationship 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
Whether the
connected client will
hold the beneficial
interests of the Offer
Shares on a non-
discretionary basis
or discretionary
basis for
independent third
parties
Number 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
immediately following the
Global Offering (assuming
the Over-allotment Option is
not exercised)
1.  China
International
Capital
Corporation
Hong Kong
Securities
Limited
(“CICCHKS”)
CICC FT CICC FT is a
member of the
same group of
CICCHKS.
N Non-discretionary
basis
CICC FT Ultimate
Clients (Tibet
Longrising) Note 1 :
30,600
0.06% 0.01%
2.  Other CICC FT
Ultimate Clients Note
2: 9,371,200
18.57% 1.97%
3.  CMB
International
Securities
Limited
(“CMBI”) and
China Merchants
Securities (HK)
Co., Limited
(“CMS HK”)
Bosera AM Note 3 Bosera AM is a
member of the
same group of
CMBI and CMS
HK.
N Discretionary basis 40,800 0.08% 0.01%
4.  CITIC Securities
Brokerage (Hong
Kong) Limited
(“CSB”)
CSICM Note 4 CSICM is a
member of the
same group of
CSB.
N Non-discretionary
basis
13,800 0.03% 0.00%
5.  China AMC HK
Note 5
China AMC HK
is a member of
the same group
of CSB.
N Discretionary basis 24,500 0.05% 0.01%


--- page 21 ---
21

__________
Notes:
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 CICC FT Ultimate Clients (Tibet Longrising), 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 Clients (Tibet Longrising), subject to customary fees and
commissions. The OTC Swaps will be fully funded by the CICC FT Ultimate Clients (Tibet Longrising). 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 Clients (Tibet Longrising) and all economic loss shall be borne by the CICC FT Ultimate
Clients (Tibet Longrising) 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 Clients (Tibet Longrising) 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
No. Connected
Distributor
Connected
Client
Relationship 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
Whether the
connected client will
hold the beneficial
interests of the Offer
Shares on a non-
discretionary basis
or discretionary
basis for
independent third
parties
Number 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
immediately following the
Global Offering (assuming
the Over-allotment Option is
not exercised)
6.  CITICS AM Note
6
CITICS AM is a
member of the
same group of
CSB.
N Discretionary basis 2,500 0.00% 0.00%
7.  UBS AG Hong
Kong Branch
(“UBS AG”)
ICBC UBS Note 7 ICBC UBS is a
member of the
same group of
UBS AG.
N Discretionary basis 40,800 0.08% 0.01%
8.  UBS AM
Singapore Note 8
UBS AM
Singapore is a
member of the
same group of
UBS AG.
N Discretionary basis 81,400 0.16% 0.02%
9.  Huatai Financial
Holdings (Hong
Kong) Limited
(“HTFH”)
HTCI Note 9 HTCI is a
member of the
same group of
HTFH.
N Non-discretionary
basis
89,300 0.18% 0.02%


--- page 22 ---
22

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.

Details of the CICC FT Ultimate Clients (Tibet Longrising) are set out as below:

Name of the CICC FT Ultimate Clients (Tibet Longrising) Ultimate beneficial owner(s) holding 30% or more interest (if any)
Longrising Shengshi No. 8 Private Securities Investment Fund ( 源樂晟晟世 8 號私
募證券投資基金)
Zeng Xiaojie (曾曉潔)
Longrising Qiangshu Private Securities Investment Fund ( 源樂晟強樹私募證券投
資基金)
Zeng Xiaojie (曾曉潔)
Longrising Xinyun Private Securities Investment Fund ( 源乐晟新雲私募证券投资
基金)
Yang Jianhai (楊建海)
Longrising Xinsheng No.1 Private Securities Investment Fund ( 源樂晟新晟 1 號私
募證券投資基金)
N/A
Longrising Xinhengsheng Private Securities Investment Fund ( 源乐晟新恒晟私募
证券投资基金)
N/A

To the best knowledge of CICC FT after making all reasonable enquiries, each of the CICC FT Ultimate Clients (Tibet Longrising) is an independent third party of CICC
FT, CICCHKS, and the companies which are members of the same group of companies as CICCHKS.

2. CICC FT and China International Capital Corporation Limited will enter into the OTC Swaps with each other and the Other CICC FT Ultimate Clients, 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 Other CICC FT Ultimate Clients, subject to customary fees and commissions. The OTC Swaps will be fully funded by the Other CICC FT Ultimate Clients. During
the terms of the OTC Swaps, all economic returns of the Offer Shares subscribed by CICC FT will be passed to the Other CICC FT Ultimate Clients and all economic
loss shall be borne by the Other CICC FT Ultimate Clients 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 Other CICC FT Ultimate Clients 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.

Details of the Other CICC FT Ultimate Clients are set out as below:

Name of the Other CICC FT Ultimate Clients Ultimate beneficial owner(s) holding 30% or more interest (if any)
Lingding Jiahe No. 2 Securities Private Investment Fund ( 凌頂嘉禾二號證券私募
投資基金)
Zeng Yan (曾艷)


--- page 23 ---
23

Xiaoe Huisheng No. 1 Private Securities Investment Fund ( 小鱷慧昇 1 號私募證券
投資基金)
N/A
Pinpoint Jinqu No. 1 Private Securities Investment Fund ( 保銀進取 1 號私募證券
投資基金)
N/A
Pinpoint Long-Short Stable No. 2 Private Securities Investment Fund ( 保銀多空穩
健 2 號私募證券投資基金)
Wang Qiang (王強)
Pinpoint Long-Short Stable No. 11 Private Securities Investment Fund ( 保銀多空
穩健 1 號私募證券投資基金)
Wang Qiang (王強)

To the best knowledge of CICC FT after making all reasonable enquiries, each of the Other CICC FT Ultimate Clients is an independent third party of CICC FT,
CICCHKS, and the companies which are members of the same group of companies as CICCHKS.

3. Each of CMBI and CMS HK is a distributor of the Global Offering. Bosera AM intends to subscribe and hold the Offer Shares in its capacity as the discretionary fund
manager on behalf of its sub-funds, which are all independent third parties. To the best knowledge of Bosera AM after due enquiry, each of the sub-funds and their
respective ultimate beneficial owner holding 30% or more interest is an independent third party of Bosera AM, CMBI and CMS HK, and the companies which are
members of the same group of CMBI and CMS HK.

4. CSICM will enter into OTC total return swaps (TRS) with its end client (the “CSICM Ultimate Client”), pursuant to which CSICM will hold the allocated Offer Shares
for the CSICM Ultimate Client on a non-discretionary basis, and all the economic exposure will be passed to the CSICM Ultimate Client through OTC total return swaps
(TRS). The CSICM Ultimate Client is HY Capital Company Limited. Other than Xia Hui and Lu Ang, no single ultimate beneficial owner holds 30% or more interest in
the CSICM Ultimate Client. To best of knowledge of CSICM and after making all reasonable enquiries, the CSICM Ultimate Client is an independent third party of
CSICM, CSB and the companies which are members of the same group of CSB.

5. China AMC HK will hold the Offer Shares in its capacity as the discretionary fund manager managing assets on behalf of its underlying clients or mandates, which are
independent third parties. To the best knowledge of China AMC HK after due enquiry, each of the underlying clients or mandates of China AMC HK and their respective
ultimate beneficial owner holding 30% or more interest is an independent third party of China AMC HK, CSB and the companies which are members of the same group
of CSB.

6. CITICS AM will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds (the “Funds”) on behalf of their respective investors. To the
best knowledge of CITICS AM, each of the Funds above is an independent third party of CITICS AM, CSB and the companies which are members of the same group of
CSB.

7. ICBC UBS will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds on behalf of their investors (the “ICBC UBS Ultimate
Clients”), each of which is an independent third party. None of the ICBC UBS Ultimate Clients holds more than 30% ultimate beneficial interest in the relevant funds.
To the best of knowledge of ICBC UBS, each of the ICBC UBS Ultimate Clients is an independent party of ICBC UBS, UBS AG and the companies which are members
of the same group of UBS AG.


--- page 24 ---
24

8. UBS AM Singapore will hold the beneficial interests of the Offer Shares on a discretionary basis for and on behalf of the underlying clients. To the best knowledge of
UBS AM Singapore, each of the underlying clients is an independent third party of UBS AM Singapore, UBS AG and the companies which are members of the same
group of UBS AG.

9. 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 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 beneficial interest of 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, subject to customary fees and commissions, pass the full economic exposure of the Offer Shares
ultimately 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 and
HTCI are indirectly wholly-owned subsidiaries of Huatai Securities. Accordingly, HTCI is considered as a “connected client” of HTFH pursuant to paragraph 1B(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, each of the Huatai Ultimate Clients, through its investment manager, 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.

The purpose of HTCI to subscribe for the Offer Shares is for hedging the Back-to-back TRS in connection with the Client TRS order placed by the Huatai Ultimate
Clients. Pursuant to the terms of the contracts of the Back-to-back TRS and the Client TRS, during the tenor of the Back-to-back TRS and the Client TRS, subject to
customary fees and commissions, all economic returns of the Offer Shares will be ultimately passed to the Huatai Ultimate Clients through the Back-to-back TRS and
the Client TRS and all economic loss shall be ultimately borne by the Huatai Ultimate Clients. HTCI will not take any economic return or bear any economic loss in
relation to the Offer Shares.

Investment in the Back-to-back TRS and the Client TRS is similar to the investment in a qualified domestic institutional investor fund (“QDII”) in the way that the Huatai
Ultimate Clients would reap all the economic benefits of the underlying Offer Shares, except that a QDII fund would pass through the exchange rate exposure on both
the notional value of the investment and the profit and loss of the investment. In contrast, the profit and loss of the Back-to-back TRS and the Client TRS factor into


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account the fluctuation in RMB exchange rate upon termination of the Client TRS by converting the profit and loss using the current exchange rate at the time of
termination. As such, the Huatai Ultimate Clients would bear the exchange rate exposure of the profit and loss on settlement date.

The Huatai Ultimate Clients may exercise an early termination right to terminate the Client TRS at any time from the issue date of the Client TRS which should be on or
after the date on which the Offer Shares are listed on the Stock Exchange at their own discretion. Upon the termination upon maturity or early termination of the Client
TRS by the Huatai Ultimate Clients, HTCI will dispose the Offer Shares on the secondary market and the Huatai Ultimate Clients will receive a final settlement amount
in cash in accordance with the terms and conditions of the Back-to-back TRS and the Client TRS which should have taken into account all the economic returns or
economic loss in relation to the Offer Shares. If upon the maturity of the Client TRS, the Huatai Ultimate Clients intend to extend the investment period, subject to further
agreement between Huatai Securities and the relevant Huatai Ultimate Clients, the term of the Client TRS could be extended by way of a new issuance or a tenor extension.
Accordingly, Huatai Securities will extend the term of the Back-to-back TRS by way of a new issuance or a tenor extension.

It is proposed that HTCI will hold the legal title and the voting right of the Offer Shares by itself, and pass through the economic exposure to the Huatai Ultimate Clients,
each being an onshore client who places a Client TRS order with Huatai Securities in connection with the IPO of the Company. HTCI will not exercise the voting right
of the Offer Shares during the tenor of the Back-to-back TRS.

During the life of the Client TRS and Back-to-back TRS, HTCI may continue to hold the Offer Shares in its custodian account, or to hold some or all of the Offer Shares
in a prime brokerage account for stock borrowing purposes, where HTCI will lend out its holding of underlying Offer Shares in the form of stock borrowing loans
consistent with market practice to lower its finance costs, provided that HTCI has the ability to call back the Offer Shares on loan at any time in order to satisfy its
obligations under the Back-to-back TRS to ensure the economic interests are ultimately passed to the Huatai Ultimate Clients.

Details of the Huatai Ultimate Clients are set out as below:

Name of the Other CICC FT Ultimate Clients Ultimate beneficial owner(s) holding 30% or more interest (if any)
Yuanfeng Stable Private Securities Investment Fund (源峰穩健私募證券投資基
金)
N/A
Yuanfeng Hongyu Private Securities Investment Fund (源峰泓聿私募證券投資基
金)
Zhou Yong (周勇)
Yuanfeng Value Private Securities Investment Fund ( 源峰價值私募證券投資基金) N/A
Zhonghe Capital Cultivation No. 8 Private Securities Investment Fund ( 中和資本耕
耘 8 號私募證券投資基金)
Zhang Jingting (張敬庭)
Greenwoods Harvest No. 2 Fund (景林豐收 2 號基金) N/A
Greenwoods Harvest No. 3 Private Fund (景林豐收 3 號私募基金) N/A
Greenwoods Harvest No. 6 Private Securities Investment Fund ( 景林豐收 6 號私募
證券投資基金)
N/A


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26

Greenwoods Jingtai Harvest Private Securities Investment Fund ( 景林景泰豐收私
募證券投資基金)
N/A
Greenwoods Shangyuan Private Securities Investment Fund ( 景林上元私募證券投
資基金)
Lin Yanlei (林燕蕾)
Shengquan Hengyuan Multi-Strategy Quantitative Hedge Fund No. 1 ( 盛泉恆元多
策略量化對沖 1 號基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage Specialised No. 48 Private Securities
Investment Fund (盛泉恆元量化套利專項 48 號私募證券投資基金)
N/A
Shengquan Hengyuan Multi-Strategy Vision No. 19 Private Securities Investment
Fund (盛泉恆元多策略遠見 19 號私募證券投資基金)
N/A
Shengquan Hengyuan Flexible Allocation Specialised No. 2 Private Securities
Investment Fund (盛泉恆元靈活配置專項 2 號私募證券投資基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage Specialised No. 5 Private Securities
Investment Fund (盛泉恆元量化套利專項 5 號私募證券投資基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage No. 1 Specialised Private Securities
Investment Fund (盛泉恆元量化套利 1 號專項私募證券投資基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage Specialised No. 46 Private Securities
Investment Fund (盛泉恆元量化套利專項 46 號私募證券投資基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage Specialised No. 29 Private Securities
Investment Fund (盛泉恆元量化套利專項 29 號私募證券投資基金)
N/A
Shengquan Hengyuan Quantitative Arbitrage Specialised No. 84 Private Securities
Investment Fund (盛泉恆元量化套利專項 84 號私募證券投資基金)
N/A
Tongyi Global Value No. 2 Private Securities Investment Fund ( 通怡全球價值 2 號
私募證券投資基金)
Liu Wei (劉偉)
Tongyi Yuxin No. 2 Private Securities Investment Fund ( 通怡裕鑫 2 號私募證券
投資基金)
Huang Shilin (黃世霖)
Tongyi Anxin No. 2 Private Securities Investment Fund ( 通怡安鑫 2 號私募證券
投資基金)
Huang Shilin (黃世霖)

To the best of the knowledge of HTCI and after making all reasonable enquiries, each of the Huatai Ultimate Clients is an independent third party of (i) the Company,
the connected person or the associates thereof, and (ii) HTCI, HTFH and the companies which are members of the same group of HTCI.


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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 or distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any state of the United States and the District
of Columbia or any other jurisdiction where such distribution is prohibited by laws). 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. The Offer Shares are being offered
and sold solely (a) to qualified institutional buyers as defined in Rule 144A under the U.S. Securities
Act pursuant to Rule 144A or another available 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 January 29, 2026 issued by Shenzhen Han’s CNC
Technology Co., Ltd. for detailed information about the Global Offering described below before
deciding whether or not to invest in the Offer Shares thereby being offered.
*Potential investors of the Offer Shares should note that the Sole Sponsor and the  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 (which is currently
expected  to be on February 6, 2026 ).


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PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Global Offering (before any exercise of the Over-allotment
Option), the total number of the H Shares expected to be held by the public represents approximately
10.60% of the total issued share capital of the Company, which is higher than the prescribed percentage
of H Shares required to be held in public hands of 10% under Rule 19A.13A(2)(a) of the Listing Rules,
thereby satisfying Rule 8.08(1) (as amended and replaced by Rule 19A.13A) of the Listing Rules.
Each of the Cornerstone Investors has agreed to a lock-up period of six months following the Listing
Date. As such, H Shares held by the Cornerstone Investors upon the Listing shall not be counted
towards the free float of the H Shares of the Company at the time of Listing. Based on the final Offer
Price of HK$95.80 per H Share, the Company confirmed that it complies with the free float
requirement under Rule 19A.13C(2)(b) of the Listing Rules.
The Directors confirm that, immediately following completion of the Global Offering (before any
exercise of the Over-allotment Option): (i) the Shares will be held by at least 300 Shareholders at the
time of Listing, in compliance with Rule 8.08(2) of the Listing Rules; (ii) the three largest public
Shareholders will not hold more than 50% of the H Shares held in public hands at the time of Listing,
in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; (iii) no placee will, individually, be
placed more than 10% of the enlarged issued share capital of the Company immediately after the
Global Offering; and (iv) there will not be any new substantial Shareholder (as defined in the Listing
Rules) immediately after the Global Offering.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, February 6,
2026 (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 Friday, February
6, 2026 (Hong Kong time), it is expected that dealings in the H Shares on the Stock Exchange will
commence at 9:00 a.m. on Friday, February 6, 2026 (Hong Kong time). The H Shares will be traded
in board lots of 100 H Shares each, and the stock code of the H Shares will be 3200.
By order of the Board
Shenzhen Han’s CNC Technology Co., Ltd.
Mr. Yang Chaohui
Chairman of the Board and Executive Director

Hong Kong, February 5, 2026
As of the date of this announcement, the Board comprises: (i) Mr. Yang Chaohui as an executive
Director; (ii) Mr. Zhang Jianqun, Mr. Zhou Huiqiang, Mr. Du Yonggang and Ms. Huang Linting as
non-executive Directors; (iii) Mr. Qiu Yunliang, Ms. Li Weiwei and Dr. Xin Guosheng as independent
non-executive Directors; and (iv) Ms. Xia Liya as a proposed independent non-executive Director.
