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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (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 February 27, 2026 (the “Prospectus”) issued by MeiG Smart
Technology Co., Ltd. (the “Company”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire,
purchase or subscribe for securities of the Company. This announcement is not a prospectus. Potential
investors should read the Prospectus for detailed information about the Company and the Global Offering
described below before deciding whether or not to invest in the 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, 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 to sell or
solicitation to purchase or subscribe for any securities in the United States or in any other jurisdiction. The
Offer Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended
from time to time (the “U.S. Securities Act”) or securities law of any state or other jurisdiction of the
United States and may not be offered, sold, pledged or otherwise transferred within the United States, except
pursuant to an available exemption from, or in a transaction not subject to, 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 outside the United States in offshore transactions in reliance on Regulation S under
the U.S. Securities Act.
Potential investors of the Offer Shares should note that the Sole Sponsor and Sponsor-Overall Coordinator
(for itself 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. (Hong Kong time) on the Listing
Date (which is currently expected to be on Tuesday, March 10, 2026).


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MeiG Smart Technology Co., Ltd.
ʮ̡
(A joint stock company incorporated in the People’s Republic of China with limited liability)
(Stock code: 3268)
GLOBAL OFFERING
Number of Offer Shares under the
Global Offering
: 40,250,000 H Shares (taking into account
the full exercise of the Offer Size
Adjustment Option)
Number of Hong Kong Offer Shares : 3,500,000 H Shares
Number of International Offer Shares : 36,750,000 H Shares (taking into account
the full exercise of the Offer Size
Adjustment Option)
Final Offer Price : HK$28.86 per H Share, plus brokerage
of 1%, SFC transaction levy of
0.0027%, Stock Exchange trading fee
of 0.00565% and AFRC transaction
levy of 0.00015% (payable in full on
application in Hong Kong dollars and
subject to refund)
Nominal value : RMB1.00 per H Share
Stock code : 3268
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


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MEIG SMART TECHNOLOGY CO., LTD.
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE
AND ALLOTMENT RESULTS
Unless otherwise defined herein, capitalized terms used in this announcement shall have
the same meanings as those defined in the prospectus dated February 27, 2026 (the
“Prospectus”) issued by MeiG Smart Technology Co., Ltd. (the “Company”)
Warning: In view of high concentration of shareholding in a small number of
Shareholders, H Shareholders and prospective investors should be aware that the
price of the H Shares could move substantially even with a small number of H Shares
traded and should exercise extreme caution when dealing in the H Shares.
SUMMARY
Company information
Stock code 3268
Stock short name MEIG
Dealings commencement date March 10, 2026*
* see note at the end of the announcement
Price information
Final offer price HK$28.86
Maximum offer price HK$28.86
Offer price adjustment exercised N/A
Offer Shares and Share Capital
Number of Offer Shares (taking into account the full
exercise of the Offer Size Adjustment Option)
40,250,000
Number of Offer Shares in Hong Kong Public Offering 3,500,000
Number of Offer Shares in International Offering
(taking into account the full exercise of the Offer Size
Adjustment Option)
36,750,000
Number of issued Shares upon Listing 302,006,700


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The number of Offer Shares above is determined after taking into account the additional Offer Shares
issued under the following Offer Size Adjustment Option.
Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option 5,250,000
— Hong Kong Public Offering N/A
— International Offering 5,250,000
The Offer Size Adjustment Option has been exercised in full, pursuant to which the Company is issuing
and allotting 5,250,000 additional Offer Shares, representing approximately 15.00% of the total number of
Offer Shares initially available under the Global Offering, at the final Offer Price.
Proceeds
Gross proceeds (Note) HK$1,161.6 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$70.8 million
Net proceeds HK$1,090.8 million
Note: Gross proceeds refers to the amount to 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.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 57,965
No. of successful applications 15,506
Subscription level 174.12 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong
Kong Public Offering
3,500,000
No. of Offer Shares reallocated from the International
Offering
N/A
Final no. of Offer Shares under the Hong Kong Public
Offering
3,500,000
% of Offer Shares under the Hong Kong Public Offering to
the Global Offering
8.70%
Note: For details of the final allocation of H Shares to the Hong Kong Public Offering, investors
can refer to www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 69
Subscription Level 4.50 times
No. of Offer Shares initially available under the
International Offering
31,500,000
No. of Offer Shares reallocated to the Hong Kong Public
Offering
N/A
Final no. of Offer Shares under the International Offering
(taking into account the full exercise of the Offer Size
Adjustment Option)
36,750,000
% of Offer Shares under the International Offering to the
Global Offering (taking into account the full exercise of
the Offer Size Adjustment Option)
91.30%


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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 Offer Shares in the International Offering to be placed to
certain Existing Minority Shareholders and/or their close associates; (b) a consent under
paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing
Applicants to permit the Company to allocate certain Offer Shares in the International
Offering to connected clients; and (c) a consent under paragraph 18 of 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 a Cornerstone Investor and/
or its 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,
supervisors of the Company, chief executive of the Company, controlling Shareholders,
substantial Shareholders, existing Shareholders of the Company or any of its subsidiaries
or their respective close associates; and (ii) none of the placees and the public who have
purchased the Offer Shares are accustomed to taking instructions from the Company, any
of the Directors, supervisors of the Company, chief executive of the Company, controlling
Shareholders, substantial Shareholders, existing Shareholders of the Company or any of
its subsidiaries or their respective close associates in relation to the acquisition, disposal,
voting or other disposition of H Shares registered in his/her/its name or otherwise held by
him/her/it.
The placees in the International Offering include the following:
Cornerstone Investors
Investor
No. of Offer
Shares
allocated
% of total
issued H Shares
immediately
following
completion
of the Global
Offering(1)(2)(3)
% of total
issued share
capital
immediately
following
completion
of the Global
Offering(1)(2)(3)
Existing shareholders or
their close associates
Baoyue Lake Shenzhen Industrial
Investment Win-Win Enterprise
Management Limited (ᘒ˜ಳଉପ
ʮ̡)
(“Baoyue Win-Win”) 7,726,900 19.20% 2.56% No
Meiko Elec. Hong Kong Co., Limited
(“Meiko HK”) 1,354,100 3.36% 0.45% No


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Investor
No. of Offer
Shares
allocated
% of total
issued H Shares
immediately
following
completion
of the Global
Offering(1)(2)(3)
% of total
issued share
capital
immediately
following
completion
of the Global
Offering(1)(2)(3)
Existing shareholders or
their close associates
Streamax Electronics Limited (ቚ
ʮ̡) (“Streamax
Electronics”) 1,083,300 2.69% 0.36% No
Harvest International Premium Value
(Secondary Market) Fund SPC
on behalf of Harvest Oriental SP
(“Harvest”) 1,732,500 4.30% 0.57% No
Jinyi Capital Multi-Strategy Fund SPC
Ltd. (“JinYi Capital”) 406,200 1.01% 0.13% No
Open Wealth Management Limited
(ʮ̡)
(“Open Wealth”) 1,039,500 2.58% 0.34% No
China Winning Limited
(“China Winning”) 812,400 2.02% 0.27% No
Chau Tsang Cheong (׹  )
“(Mr. Chau”) 1,732,500 4.30% 0.57% No
Subtotal 15,887,400 39.47% 5.26% —
Notes:
(1) Taking into account the full exercise of the Offer Size Adjustment Option.
(2) Only taking into account the H Shares allocated to the relevant investors as cornerstone investors
under the Global Offering. In addition to the Offer Shares subscribed for as Cornerstone Investors,
a close associate of China Winning was allocated further Offer Shares as placee in the International
Offering. Please refer to the section headed “Allotment Results Details — International Offering
— Allotees 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.
(3) Discrepancies in the above table between the sum of the percentage of Offer Shares allocated to
each investor and the percentage of the total Offer Shares allocated to such investors are due to
rounding.


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Allottees with waivers/consents obtained
Investor
No. of Offer
Shares
allocated
% of total
issued
H Shares
immediately
following
completion
of the Global
Offering(1)(6)
% of total
issued share
capital
immediately
following
completion
of the Global
Offering(1) Relationship
Allotees with a consent under paragraph 1C(1) of the Placing Guidelines in relation to allocations to connected clients
CICC Financial Trading Limited
(“CICC FT”)
762,000 1.89% 0.25% A connected client of China
International Capital
Corporation Hong Kong
Securities Limited
(“CICC”)
Bosera Asset Management
(International) Co., Ltd (“Bosera
AM”)
1,291,500 3.21% 0.43% A connected client of China
Merchants Securities
(HK) Co., Limited
(“CMS”)
Huatai Capital Investment Limited
(“HTCI”)
1,501,000 3.73% 0.50% A connected client of
Huatai Financial
Holdings (Hong Kong)
Limited (“HTFH”)
Allotees with consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants in relation to allocation of
further H Shares to a Cornerstone Investor and/or its close associate(3)
China Winning Limited (“China
Winning HK”)
804,000 2.00% 0.27% A close associate of a
Cornerstone Investor(4)
Notes:
(1) Taking into account the full exercise of the Offer Size Adjustment Option.
(2) For details of (i) a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent
under paragraph 1C(2) of the Placing Guidelines in relation to subscription for Offer Shares by an
existing Shareholder or close associate of existing Shareholders, (ii) a 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, and (iii) a consent under paragraph 18 of Chapter 4.15
of the Guide for New Listing Applicants in relation to allocation of Offer Shares to a Cornerstone
Investor and/or its close associates, please refer to the section headed “Others/Additional
Information” in this announcement.


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(3) The number of Offer Shares allocated to the relevant investor listed in this subsection only represents
the number of Offer Shares allocated to the relevant investor as placee in the International Offering.
For allocation of Offer Shares to the relevant investor as Cornerstone Investor, please refer to the
section headed “Allotment Results Details — International Offering — Cornerstone Investors” in
this announcement.
(4) China Winning HK is a close associate of China Winning, which is a Cornerstone Investor.
(5) Only taking account the H Shares allocated to the relevant investors under the Global Offering.
(6) The number of H Shares immediately following the Global Offering is the same as the number of
Offer Shares to be issued under the Global Offering.
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number and
description
of Shares
held in the
Company
subject to
lock-up
undertakings
upon Listing
% of total
issued H
Shares
immediately
upon the
Global
Offering
subject to
lock-up
undertakings
upon
Listing(1)(2)
% of
shareholding
in the
Company
subject to
lock-up
undertakings
upon
Listing(1)
Last day subject to the
lock-up undertakings (3)
Mr. WANG Ping 102,417,560
A Shares
— 33.91% September 9, 2026 (First
Six-month Period) (3)
March 9, 2027 (Second
Six-month Period) (4)
ZhaoGe Investment 26,248,240
A Shares
— 8.69% September 9, 2026 (First
Six-month Period) (3)
March 9, 2027 (Second
Six-month Period) (4)
Subtotal 128,665,800
A Shares
— 42.60% —


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Notes:
1. Taking into account the full exercise of the Offer Size Adjustment Option.
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 September 9, 2026 and for the second six-month period will end on March 9, 2027.
4. The Controlling Shareholders may dispose of or transfer Shares after the indicated date subject to
that each of 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.
6. For illustrative purposes only, this subsection lists only those members of the Controlling
Shareholders who hold Shares directly in the Company. Pursuant to Rule 10.07 of the Listing
Rules, each of the Controlling Shareholders (namely, Mr. WANG Ping and ZhaoGe Investment) has
undertaken to the Company and the Stock Exchange that, except pursuant to the Global Offering,
he/it shall, and shall procure that the relevant registered holders of the Shares in which he/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 —
Undertakings to the Hong Kong Stock Exchange pursuant to the Listing Rules” in the Prospectus.


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Cornerstone Investors
Name
Number and
description of
Shares held in
the Company
subject
to lockup
undertakings
upon Listing
% of total
issued H
Shares after the
Global Offering
subject to
lock-up
undertakings
upon
Listing(1)(2)
% of
shareholding in
the Company
subject to
lock-up
undertakings
upon Listing(1)
Last day subject to the lock-up
undertakings(3)
Baoyue Win-Win 7,726,900
H Shares
19.20% 2.56% September 9, 2026
Meiko HK 1,354,100
H Shares
3.36% 0.45% September 9, 2026
Streamax Electronics 1,083,300
H Shares
2.69% 0.36% September 9, 2026
Harvest 1,732,500
H Shares
4.30% 0.57% September 9, 2026
JinYi Capital 406,200
H Shares
1.01% 0.13% September 9, 2026
Open Wealth 1,039,500
H Shares
2.58% 0.34% September 9, 2026
China Winning 812,400
H Shares
2.02% 0.27% September 9, 2026
Mr. Chau 1,732,500
H Shares
4.30% 0.57% September 9, 2026
Subtotal 15,887,400
H Shares
39.47% 5.26% —


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Notes:
1. Taking into account the full exercise of the Offer Size Adjustment Option.
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 relevant cornerstone investment agreements, the required lockup ends on
September 9, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or
transferring H Shares subscribed for pursuant to the relevant cornerstone investment agreements
after the indicated date. For details, please refer to the section headed “Cornerstone Investors —
Restrictions on the Cornerstone Investors” of the Prospectus.
4. Discrepancies in the above table between the sum of the percentage of Shares held by each investor
and the percentage of the total Shares held by such investors are due to rounding.
PLACEE CONCENTRATION ANALYSIS1
Placees2
Number of
H Shares
allotted
Allotment
as % of the
International
Offering
Allotment as
% of total
Offer Shares
Number of
H Shares
held upon
Listing
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
Top 1 7,726,900 21.03% 19.20% 7,726,900 7,726,900 2.56%
Top 5 16,230,400 44.16% 40.32% 16,230,400 16,230,400 5.37%
Top 10 23,522,500 64.01% 58.44% 23,522,500 23,522,500 7.79%
Top 25 32,969,200 89.71% 81.91% 32,969,200 32,969,200 10.92%
Notes:
1. Taking into account the full exercise of the Offer Size Adjustment Option.
2. Ranking of placees is based on the number of H Shares allotted to the placees.


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H SHAREHOLDERS CONCENTRATION ANALYSIS1
H Shareholders2
Number of
H Shares
allotted
Allotment
as % of the
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
Number
of Shares
held upon
Listing
% of total
issued share
capital
upon
Listing
Top 1 7,726,900 21.03% 19.20% 7,726,900 7,726,900 2.56%
Top 5 16,230,400 44.16% 40.32% 16,230,400 16,230,400 5.37%
Top 10 23,522,500 64.01% 58.44% 23,522,500 23,522,500 7.79%
Top 25 32,969,200 89.71% 81.91% 32,969,200 32,969,200 10.92%
Notes:
1. Taking into account the full exercise of the Offer Size Adjustment Option.
2. Ranking of H Shareholders is based on the number of H Shares held by H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS1
Shareholders2
Number of
H Shares
allotted
Allotment
as % of the
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
Number
of Shares
held upon
Listing
% of total
issued share
capital
upon
Listing
Top 1 0 0.00% 0.00% 0 128,665,800 42.60%
Top 5 10,364,400 28.20% 25.75% 10,364,400 155,593,827 51.52%
Top 10 17,906,400 48.72% 44.49% 17,906,400 164,884,227 54.60%
Top 25 30,479,800 82.94% 75.73% 30,479,800 179,768,511 59.52%
Notes:
1. Taking into account the full exercise of the Offer Size Adjustment Option.
2. Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders
upon Listing.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications
made by the public will be conditionally allocated on the basis set out below:
POOL A
NO. OF OFFER
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
100 23,828 1,191 out of 23,828 to receive 100 Shares 5.00%
200 4,687 412 out of 4,687 to receive 100 Shares 4.40%
300 9,033 1,165 out of 9,033 to receive 100 Shares 4.30%
400 1,421 239 out of 1,421 to receive 100 Shares 4.20%
500 1,699 348 out of 1,699 to receive 100 Shares 4.10%
600 585 140 out of 585 to receive 100 Shares 3.99%
700 554 151 out of 554 to receive 100 Shares 3.89%
800 432 131 out of 432 to receive 100 Shares 3.79%
900 349 116 out of 349 to receive 100 Shares 3.69%
1,000 3,404 1,225 out of 3,404 to receive 100 Shares 3.60%
1,500 1,553 815 out of 1,553 to receive 100 Shares 3.50%
2,000 1,046 690 out of 1,046 to receive 100 Shares 3.30%
2,500 406 305 out of 406 to receive 100 Shares 3.00%
3,000 745 581 out of 745 to receive 100 Shares 2.60%
3,500 412 361 out of 412 to receive 100 Shares 2.50%
4,000 323 284 out of 323 to receive 100 Shares 2.20%
4,500 177 159 out of 177 to receive 100 Shares 2.00%
5,000 652 587 out of 652 to receive 100 Shares 1.80%
6,000 351 326 out of 351 to receive 100 Shares 1.55%
7,000 290 274 out of 290 to receive 100 Shares 1.35%
8,000 256 246 out of 256 to receive 100 Shares 1.20%
9,000 210 208 out of 210 to receive 100 Shares 1.10%
10,000 1,525 100 Shares 1.00%
20,000 844 100 Shares plus 188 out of 844 to receive additional 100 Shares 0.61%
30,000 424 100 Shares plus 212 out of 424 to receive additional 100 Shares 0.50%
40,000 297 100 Shares plus 178 out of 297 to receive additional 100 Shares 0.40%
50,000 263 100 Shares plus 175 out of 263 to receive additional 100 Shares 0.33%
60,000 173 200 Shares 0.33%
70,000 138 200 Shares plus 33 out of 138 to receive additional 100 Shares 0.32%
80,000 112 200 Shares plus 54 out of 112 to receive additional 100 Shares 0.31%
90,000 83 200 Shares plus 58 out of 83 to receive additional 100 Shares 0.30%
100,000 761 300 Shares 0.30%
Total 57,033 Total number of Pool A successful applicants: 14,574


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POOL B
NO. OF OFFER
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF OFFER
SHARES
APPLIED FOR
200,000 565 1,000 Shares plus 70 out of 565 to receive additional 100 Shares 0.51%
300,000 107 1,400 Shares 0.47%
400,000 61 1,800 Shares 0.45%
500,000 31 2,200 Shares 0.44%
600,000 15 2,600 Shares 0.43%
700,000 14 3,000 Shares 0.43%
800,000 18 3,400 Shares 0.43%
900,000 5 3,800 Shares 0.42%
1,000,000 36 4,200 Shares 0.42%
1,250,000 7 5,200 Shares 0.42%
1,500,000 12 6,200 Shares 0.41%
1,750,000 61 7,000 Shares 0.40%
Total 932 Total number of Pool B successful applicants: 932
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 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 Offer Price in addition to any
brokerage, AFRC transaction levy, SFC transaction levy and Stock Exchange trading fee
payable.


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OTHERS/ADDITIONAL INFORMATION
Offer Size Adjustment Option
The Offer Size Adjustment Option has been exercised by the Overall Coordinators in full,
pursuant to which the Company is issuing and allotting 5,250,000 additional H Shares,
representing approximately 15.00% of the total number of H Shares initially available
under the Global Offering, at the Offer Price. All of the additional Offer Shares that would
be allotted and issued by the Company pursuant to the full exercise of the Offer Size
Adjustment Option will be allocated to the International Offering. Accordingly, the total
number of Offer Shares finally available under the Global Offering (after taking into account
the full exercise of the Offer Size Adjustment Option) that would be allotted and issued by
the Company is 40,250,000 Offer Shares and the total issued share capital of the Company
upon Listing (after taking into account the full exercise of the Offer Size Adjustment
Option) will be 302,006,700 Shares.
Allocation of H Shares to Existing Minority Shareholders and/or their close associates
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted to
the Company, a waiver from strict compliance with the requirements under Rule 10.04 and
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 voting rights in 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”) and/or their close associates,
subject to the conditions as follows:
(a) each Existing Minority Shareholder to whom the Company may allocate the H
Shares in the International Offering holds less than 5% of the total voting rights in the
Company before Listing;
(b) 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;
(c) none of the Existing Minority Shareholders has the right to appoint a Director and/or
have any other special rights;
(d) 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 19A.13A(2) of the Listing Rules or otherwise approved by the
Stock Exchange;


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(e) the Sole Sponsor confirms the matters set out in (a) to (d) above and confirm to the
Stock Exchange in writing that, to the best of their knowledge and belief, they have
no reason to believe that any of the Existing Minority Shareholders or their close
associates received any preferential treatment, or is in a position to exert influence
on the Company to obtain actual or perceived preferential treatment in the allocation
either as a cornerstone investor or as a placee by virtue of their relationship with
the Company other than the preferential treatment of assured entitlement under a
cornerstone investment following the principles set out in Chapter 4.15 of the Guide
for New Listing Applicants, and details of the allocation to the Existing Minority
Shareholders holding 1% or more of the issued share capital of the Company
immediately prior to the completion of the Global Offering will be disclosed in the
Prospectus and/or this announcement, as the case may be;
(f) the Company confirms to the Stock Exchange in writing that:
(i) in the case of participation as cornerstone investors, no preferential treatment
has been, nor will be, given to the Existing Minority Shareholders or their close
associates by virtue of their relationship with the Company, other than the
preferential treatment of assured entitlement under a cornerstone investment
following the principles set out in Chapter 4.15 of the Guide for New Listing
Applicants, nor is the Existing Minority Shareholder in a position to exert
influence on the Company to obtain actual or perceived preferential treatment,
and the Existing Minority Shareholders or their close associates’ cornerstone
investment agreements do not contain any material terms which are more
favorable to the Existing Minority Shareholders or their close associates than
those in other cornerstone investment agreements; or
(ii) in the case of participation as placees, no preferential treatment has been, nor
will be, given to the Existing Minority Shareholders or their close associates,
nor is the Existing Minority Shareholder in a position to exert influence on the
Company to obtain actual or perceived preferential treatment, by virtue of their
relationship with the Company in any allocation in the placing tranche;
(g) in the case of participation as placees, the Overall Coordinators will confirm to
the Stock Exchange that, to the best of their knowledge and belief, no preferential
treatment has been, nor will be, given to the Existing Minority Shareholders or their
close associates by virtue of their relationship with the Company in any allocation
in the placing tranche. Please refer to the section headed “Waivers and Exemptions
— Allocation of H Shares to Existing Minority Shareholders and Their Close
Associates” in the Prospectus for further details of the waiver and consent. Each
of the Sole Sponsor and the Company has provided the required confirmations as
elaborated in the Prospectus. In particular, as the Company’s A Shares are listed on
the Shenzhen Stock Exchange since June 2017, the Company has a highly extensive


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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 (e) 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. All allocations of
Offer Shares to the Existing Minority Shareholders are in compliance with all the
conditions under the waiver and consent granted by the Stock Exchange.
Placing to connected clients with prior consents 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 certain connected clients of distributors.
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
Whether the
connected
clients 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
% of Offer
Shares
allocated
to the
connected
client(1)
Approximate
% of total
issued share
capital after
the Global
Offering(1)
1. CICC FT (2) CICC CICC FT is a member
of the same group of
companies as CICC.
Non-discretionary 762,000 1.89% 0.25%
2. Bosera AM(3) CMS Bosera AM is a member
of the same group of
companies as CMS.
Discretionary 1,291,500 3.21% 0.43%
3. HTCI(4) HTFH HTFH is a member of
the same group of
companies as HTCI.
Non-discretionary 1,501,000 3.73% 0.50%


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Notes:
(1) Taking into account the exercise of the Offer Size Adjustment Option.
(2) CICC FT and China International Capital Corporation Limited will enter into a series of cross border
delta-one OTC swap transactions (the “OTC Swaps”) with each other and the ultimate clients (the
“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 CICC FT Ultimate Clients, subject to customary fees and commissions.
The OTC Swaps will be fully funded by the 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 CICC
FT Ultimate Clients and all economic loss shall be borne by the 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 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. The CICC FT Ultimate Clients for purpose of this placee subscription
include Hengde Yuanzheng Tianli No. 3 Private Equity Securities Investment Fund (૴л3໮
ږHengde Yuanzheng Jinxin No. 4 Private Equity Securities Investment Fund ( 㛬
ڦږּ4ږand Hengde Jinze No. E49 Private Equity Securities Investment
Fund (ዣE49ږcollectively, “Hengde Funds”), which are managed by
Beijing Hengde Times Private Equity Fund Management Co., Ltd. (၍ଣϞ
ʮ̡) (“Beijing Hengde”), each of which is an independent third party of CICC FT, CICC and the
companies which are members of the same group of companies as each of the Underwriters.
(3) Bosera AM will hold the Offer Shares in its capacity as the discretionary fund manager managing three
sub-funds on behalf of its underlying clients (“Bosera AM Ultimate Clients”), namely:
(i) Bosera China New Opportunities Fund SP, with no ultimate beneficial owner holding 30% or
more interest therein;
(ii) Bosera Growth Premium Global Equity Strategy Fund SP, the ultimate beneficial owner of
which is Mr. Guo Feng (ࢤholding 49.00% interest therein; and
(iii) Bosera Growth Premium Global Equity Strategy Fund SP 2, the ultimate beneficial owner of
which is Guangdong Dongfang Precision Science & Technology Co., Ltd. (߅
ʮ̡), the shares of which are listed on the Shenzhen Stock Exchange (stock code:
2611), holding 47.42% therein.
To the best knowledge of Bosera AM after making all reasonable enquiries, no other ultimate
beneficial owner holds 30% or more interest in each of the Bosera AM Ultimate Clients and each of
Bosera AM Ultimate Clients is an independent third party of Bosera AM, CMS and the companies
which are members of the same group of companies as each of the Underwriters.


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(4) HTCI proposes to subscribe for and hold the beneficial interest of the Offer Shares as a placee under
the International Offering on behalf of its underlying onshore clients (“HTCI Ultimate Clients”),
namely:
(i) Commando No. 003 Active Management Private Securities Investment Fund ( ੰਟᅃ003໮˴
ږwith no ultimate beneficial owner holding 30% or more interest
therein;
(ii) Commando No. 111 Private Securities Investment Fund (ੰਟᅃ111ږthe
ultimate beneficial owner holding 30% or more interest of which is Zhou Kun (մೢ);
(iii) Commando Kangding No. 2 Active Management Private Securities Investment Fund (ੰਟᅃੰ
֛2ږwith no ultimate beneficial owner holding 30% or more
interest therein;
(iv) Xinhong Commando Ying Active Management Private Securities Investment Fund (ᒿੰਟ
ږthe ultimate beneficial owner holding 30% or more
interest of which is Ding Ying (ɕๅ); and
(v) Commando Wagyu No. 1 Private Securities Investment Fund (ੰਟᅃձˬ1໮ӷ෍ᗇՎҳ༟ਿ
ږwith no ultimate beneficial owner holding 30% or more interest therein.
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. (“HTSC”), the A shares of which are listed on the Shanghai Stock
Exchange (stock code: 601688), the H shares of which are listed on the Stock Exchange (stock
code: 6886), and the global depositary receipts of which are listed on the London Stock Exchange
(LON: HTSC), is one of the domestic securities firms licensed to undertake cross-border derivatives
trading activities. HTSC 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
HTSC and HTCI.
HTFH is the Connected Distributor. Pursuant to the ISDA Agreement, HTCI, which intends to
participate in the International 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 “HT Back-to-back TRS”) to be entered by HTCI in connection with Huatai TRS (as defined
below) placed by and fully funded (i.e. with no financing provided by HTCI) by the HTCI Ultimate
Clients, by which, HTCI will, subject to customary fees and commissions, pass the full economic
exposure of the Offer Shares ultimately to the HTCI Ultimate Clients, which in effect, HTCI will hold
the beneficial interest of the Offer Shares on behalf of the HTCI Ultimate Clients. HTFH and HTCI
are indirectly wholly-owned subsidiaries of HTSC. Accordingly, HTCI is considered as a “connected
clients” of Huatai pursuant to paragraph 1B(7) of the Placing Guidelines.


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Pursuant to the Cross-border Derivatives Trading Regime, the HTCI 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 HTSC, with the Offer
Shares as the underlying assets. Instead of directly subscribing for the Offer Shares, the HTCI Ultimate
Clients will, through its investment manager, place a total return swap order (the “Huatai TRS”) with
HTSC in connection with the Company’s IPO and HTSC will place a HT Back-to-back TRS order to
HTCI on the terms of the ISDA Agreement. In order to hedge its exposure under the HT Back-to-back
TRS, HTCI participates in the Company’s IPO and subscribes for the Offer Shares through placing
order with HTFH during the International Offering.
To the best knowledge of HTCI after making all reasonable enquiries, no other ultimate beneficial
owner holds 30% or more interest in each of the HTCI Ultimate Clients and each of HTCI Ultimate
Clients is an independent third party of HTCI, HTFH and the companies which are members of the
same group of HTCI.
The purpose of HTCI to subscribe for the Offer Shares is for hedging the HT Back-to-back TRS
in connection with the Huatai TRS order placed by the HTCI Ultimate Clients. Pursuant to the
terms of the contracts of the HT Back-to-back TRS and the Huatai TRS, during the tenor of the HT
Back-to-back TRS and the Huatai TRS, subject to customary fees and commissions, all economic
returns of the Offer Shares will be ultimately passed to the HTCI Ultimate Clients through the HT
Back-to-back TRS and the Huatai TRS and all economic loss shall be ultimately borne by the HTCI
Ultimate Clients. HTCI will not take any economic return or bear any economic loss in relation to the
Offer Shares, save as customary fees and commissions.
Investment in the HT Back-to-back TRS and the Huatai TRS is similar to the investment in a qualified
domestic institutional investor fund (“QDII”) in the way that the HTCI 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 HT Back-to-back TRS and the Huatai TRS factor into
account the fluctuation in RMB exchange rate upon termination of the Huatai TRS by converting the
profit and loss using the current exchange rate at the time of termination. As such, the HTCI Ultimate
Clients would bear the exchange rate exposure of the profit and loss on settlement date.
The HTCI Ultimate Clients may exercise an early termination right to terminate the Huatai TRS at any
time from the issue date of the Huatai TRS which should be on or after the date on which the Offer
Shares are listed on the Stock Exchange at their own discretions. Upon the termination upon maturity
or early termination of the Huatai TRS by the HTCI Ultimate Clients, HTCI will dispose the Offer
Shares on the secondary market and the HTCI Ultimate Clients will receive a final settlement amount
in cash in accordance with the terms and conditions of the HT Back-to-back TRS and the Huatai
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 Huatai TRS, the HTCI Ultimate Clients intend to extend
the investment period, subject to further agreement between HTSC and the relevant HTCI Ultimate
Clients, the term of the Huatai TRS could be extended by way of a new issuance or a tenor extension.
Accordingly, HTSC will extend the term of the HT 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 HTCI Ultimate Clients, being onshore clients placing
Huatai TRS orders with HTSC in connection with the IPO of the Company. HTCI will not exercise the
voting rights of the Offer Shares during the tenor of the HT Back-to-back TRS.


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During the life of the Huatai TRS and HT 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 HT Back-to-back TRS to ensure the economic interests are ultimately passed to the HTCI
Ultimate Clients.
Allocation of Offer Shares to a Cornerstone Investor and/or its close associates with a
consent under paragraph 18 of 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 a Cornerstone Investor as placee, subject to the
following conditions:
(a) the final offering size of the Global Offering will exceed the minimum offering size
requirement of 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;
(c) each of the Directors, chief executive of the Company and the Controlling Shareholders
has confirmed that, no Offer Shares have been allocated to them or their respective
close associates pursuant to the Size-based Exemption Conditions (as defined in the
Guide for New Listing Applicants);
(d) allocation to the Size-based Exemption Participants will not affect the Company’s
ability to satisfy the public float requirement under Rule 19A.13(2) of the Listing
Rules; and
(e) the relevant information in respect of the Cornerstone Investor 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 further allocations of Offer Shares to
Cornerstone Investors, please refer to the section headed “Allotment Results Details —
International Offering — Allotees with waivers/consents obtained” in this announcement.


--- page 23 ---
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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, 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 to sell or solicitation to purchase or subscribe for
any securities in the United States or in any other jurisdiction. The Offer Shares have not
been, and will not be, registered under the U.S. Securities Act of 1933, as amended from
time to time (the “U.S. Securities Act”) or securities law of any state or other jurisdiction
of the United States and may not be offered, sold, pledged or otherwise transferred within
the United States, except pursuant to an available exemption from, or in a transaction not
subject to, 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 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 of the Company. This
announcement is not a prospectus. Potential investors should read the Prospectus for
detailed information about the Company and the Global Offering described below before
deciding whether or not to invest in the Offer Shares. Any investment decision in relation
to the Offer Shares should be taken solely in reliance on the information provided in the
Prospectus.
Potential investors of the Offer Shares should note that the Sole Sponsor and
Sponsor-Overall Coordinator (for itself 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. (Hong Kong time) on
the Listing Date (which is currently expected to be on Tuesday, March 10, 2026).


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PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Global Offering (after taking into account the full
exercise of the Offer Size Adjustment Option), the total number of the H Shares expected to
be held by the public represents approximately 13.33% 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$28.86 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: (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 Tuesday,
March 10, 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.


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Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on
Tuesday, March 10, 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 Tuesday, March 10, 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 3268.
By order of the Board
MeiG Smart Technology Co., Ltd.
Mr. WANG Ping
Chairman of the Board, Executive Director
and General Manager
Hong Kong, March 9, 2026
As of the date of this announcement, the directors and proposed directors of the Company: (i) Mr. WANG
Ping, Mr. DU Guobin, Mr. XIA Youqing and Mr. HUANG Min as executive directors; and (ii) Mr. YANG
Zheng, Dr. MA Lijun and Ms. LIU Jia as independent non-executive directors.
