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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and Hong
Kong Securities Clearing Company Limited (“ HKSCC”) take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those defined in
the prospectus dated April 21, 2026 (the “ Prospectus”) issued by Shanghai Sunmi Technology Co., Ltd. (΅
ʮ̡ ) (the “ Company”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or
subscribe for securities. 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.
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). 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 jurisdiction.
The Offer Shares have not been and will not be registered under the United States Securities Act of 1933, as amended from time
to time (the “ U.S. Securities Act ”) or securities law of any state or other jurisdiction of the United States and may not be offered,
sold, pledged or transferred within the United States, except in transactions exempt from, or not subject to, the registration
requirements of the U.S. Securities Act. The Offer Shares may only be offered and sold outside the United States in offshore
transactions in reliance on Regulation S. There will be no public offer of the Offer Shares in the United States.
No stabilizing manager will be appointed, and it is anticipated that no stabilization activities will be carried out in relation to the
Global Offering.
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 their obligations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed “Underwriting —
Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus at any
time prior to 8:00 a.m. (Hong Kong time) on the Listing Date.
The Company is controlled through weighted voting rights. Prospective investors should be aware of the potential risks of
investing in a company with a WVR structure, in particular that the WVR Beneficiary, whose interests may not necessarily be
aligned with those of our Shareholders as a whole, will be in a position to exert significant influence over the outcome of our
Shareholders’ resolutions, irrespective of how other Shareholders vote. For further information about the risks associated with
the WVR structure, see “Risk Factors — Risks Related to the WVR Structure” in the Prospectus. Prospective investors should
make the decision to invest in the Company only after due and careful consideration.


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2
Shanghai Sunmi Technology Co., Ltd.
ʮ̡
(A joint stock company controlled through weighted voting rights and incorporated in the People’s Republic of China with limited liability)
Global Offering
Number of Offer Shares under the
Global Offering
: 42,626,800 H Shares
Number of Hong Kong Offer Shares : 4,262,700 H Shares
Number of International Offer Shares : 38,364,100 H Shares
Offer Price : HK$24.86 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 6810
Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and
Joint Lead Managers
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


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3
Shanghai Sunmi Technology Co., Ltd.
ʮ̡
ANNOUNCEMENT OF 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 H Shares traded and should exercise
extreme caution when dealing in the H Shares.
SUMMARY
Company information
Stock code 6810
Stock short name SUNMI TECH-W
Dealings commencement date April 29, 2026*
* see note at the end of the announcement
Price Information
Offer Price HK$24.86
Offer Shares and Share Capital
Number of Offer Shares 42,626,800
Number of Offer Shares in Hong Kong Public Offering 4,262,700
Number of Offer Shares in International Offering 38,364,100
Number of issued Shares upon Listing 402,626,800
Proceeds
Gross proceeds
(Note)
HK$1,059.7 million
 Less: Estimated listing expenses payable based on
 Offer Price
HK$(137.7) million
Net proceeds HK$922.0 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 section headed “Future Plans and Use of Proceeds” of the Prospectus. During the Track Record
Period, the listing expenses charged to consolidated statement of profit or loss and comprehensive income were
RMB26.2 million.


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4
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 204,939
No. of successful applications 32,542
Subscription level 2,003.16 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong Public
Offering
4,262,700
No. of Offer Shares reallocated from the International Offering to
Hong Kong Public Offering
N/A
Final no. of Offer Shares under the Hong Kong Public Offering 4,262,700
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10.00%
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.


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5
INTERNATIONAL OFFERING
No. of placees 181
Subscription Level 7.91 times
No. of Offer Shares initially available under the International
Offering
38,364,100
No. of Offer Shares reallocated to the Hong Kong Public Offering N/A
Final no. of Offer Shares under the International Offering 38,364,100
% of Offer Shares under the International Offering to the Global
Offering
90.00%
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 the Company to allocate certain Offer Shares in the International Offering to
a close associate of an existing minority Shareholder as a cornerstone investor and (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
the connected clients, (i) none of the Offer Shares subscribed by the placees and the public have
been financed directly or indirectly by the Company, any of the Directors, chief executive of the
Company, Controlling Shareholders, substantial Shareholders, existing Shareholders or any of its
subsidiaries or their respective close associates; and (ii) none of the placees and the public who
have purchased the Offer Shares are accustomed to taking instructions from the Company, any of
the Directors, chief executive of the Company, Controlling Shareholders, substantial Shareholders,
existing Shareholders or any of its subsidiaries or their respective close associates in relation to
the acquisition, disposal, voting or other disposition of H Shares registered in his/her/its name or
otherwise held by him/her/it.


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6
The placees in the International Offering include the following:
Cornerstone Investors
Investor
No. of
Offer Shares
allocated
Approximate
% of Offer
Shares
Approximate
% of the total
issued H Shares
immediately
following
completion of the
Global Offering
Approximate %
of total issued
share capital
after the Global
Offering
Existing
Shareholders
or their close
associates
China Orient Enhanced Income Fund 1,575,100 3.70% 0.52% 0.39% No
XINWUTANG CO., LIMITED
(1)
9,945,700 23.33% 3.27% 2.47% Yes
Notes:
(1) As disclosed in the section headed “Cornerstone Investors” in the Prospectus, XINWUTANG CO., LIMITED is a close
associate of Shanshang Investment, an existing minority Shareholder of our Company, and Jiashan Xinwutang Equity
Investment Partnership Enterprise (Limited Partnership) (ᛆҳ༟ΥྫΆุ （Υྫ）), which wholly
owns XINWUTANG CO., LIMITED, has entered into a cornerstone investment agreement with the Company. For further
details of the cornerstone investment, please refer to the sections headed “Cornerstone Investors” and “Waivers -
Waiver from Strict Compliance with Rule 10.04 of and Consent under Paragraph 1C(2) of Appendix F1 to the Listing
Rules in respect of Subscriptions of Offer Shares by a Close Associate of an Existing Shareholder as Cornerstone
Investor” of the Prospectus.
Allotees with Waivers/Consents Obtained
Investor
No. of
Offer Shares
allocated
Approximate
% of Offer
Shares
Approximate
% of the total
issued H Shares
immediately
following
completion of the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering Relationship
Allotee with a consent under paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by a
close associate of an existing minority Shareholder
(1)
XINWUTANG CO., LIMITED 9,945,700 23.33% 3.27% 2.47% A cornerstone
investor and a
close associate
of an existing
minority
Shareholder.
Allotees with a consent under paragraph 1C(1) of the Placing Guidelines in relation to allocations to connected clients
(2)


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7
Investor
No. of
Offer Shares
allocated
Approximate
% of Offer
Shares
Approximate
% of the total
issued H Shares
immediately
following
completion of the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering Relationship
CITIC Securities Asset Management
Company Limited (“ CITIC Asset
Management ”)
7,000 0.01642% 0.00230% 0.00174% A connected
client of
CLSA Limited
(“CLSA”) as
placee
China Asset Management (Hong
Kong) Limited (“ China AMC HK ”)
2,000 0.00469% 0.00066% 0.00050% A connected
client of CLSA
as placee
ABCI Asset Management Limited
(“ABCI AM”)
(3)
1,300 0.00305% 0.00043% 0.00032% ABCI AM,
ABCI Capital
Limited (“ ABCI
Capital”) and
ABCI Securities
Company
Limited (“ ABCI
Securities”) are
group companies
within the same
group.
ABCI AM
(3)
1,300 0.00305% 0.00043% 0.00032% ABCI AM,
ABCI Capital
and ABCI
Securities are
group companies
within the same
group.
Notes:
(1) For details of a consent under paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by a close associate of an existing
minority Shareholder, please refer to the section headed “Others/Additional Information — Placing to a close associate of an existing minority
Shareholder as a cornerstone investor” in this announcement.
(2) For details of 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, please refer to the section headed “Others/Additional Information — Placing to connected clients with a prior consent
under paragraph 1C(1) of the Placing Guidelines” in this announcement.
(3) The 1,300 Offer Shares to be allocated to ABCI AM as a connected client of each of ABCI Capital and ABCI Securities will be allotted solely through
ABCI Securities as the connected distributor. For the avoidance of doubt, such allocation of 1,300 Offer Shares to ABCI AM is a single allocation and
should not be double-counted by reason of ABCI AM being a connected client of both ABCI Capital and ABCI Securities.


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8
LOCK-UP UNDERTAKINGS
Controlling Shareholders and/or Shareholders of Unlisted Shares
Name
Number of
H Shares held
in the Company
subject to lock-up
undertakings upon
Listing
Number of
Shares held in
the Company
subject to lock-up
undertakings upon
Listing
Approximate
% of the total
issued H
Shares subject
to lock-up
undertakings
upon Listing
Approximate
% of the total
issued share
capital subject
to lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings
(2)
Mr. Lin
(1)
—
(1)
98,584,276
Class A Shares
— 24.49% April 28, 2027
Subtotal — 98,584,276
Class A Shares
— 24.49%
Woyou ESOP 28,877,670
Class B Ordinary
Shares
(1)
28,877,670
Class B Ordinary
Shares
9.50% 7.17% April 28, 2027
Woyou Partnership 10,622,371
Class B Ordinary
Shares
(1)
10,622,371
Class B Ordinary
Shares
3.49% 2.64% April 28, 2027
Ningbo Woyou 1,751,241
Class B Ordinary
Shares
(1)
1,751,241
Class B Ordinary
Shares
0.58% 0.43% April 28, 2027
Subtotal 41,251,282
Class B Ordinary
Shares
41,251,282
Class B Ordinary
Shares
13.57% 10.25%
Total 41,251,282
Class B Ordinary
Shares
98,584,276
Class A Shares
41,251,282
Class B Ordinary
Shares
13.57% 34.73%


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9
Name
Number of
H Shares held
in the Company
subject to lock-up
undertakings upon
Listing
Number of
Shares held in
the Company
subject to lock-up
undertakings upon
Listing
Approximate
% of the total
issued H
Shares subject
to lock-up
undertakings
upon Listing
Approximate
% of the total
issued share
capital subject
to lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings
(2)
Notes:
(1) Mr. Lin will directly hold 98,584,276 Class A Shares (all being Unlisted Shares which will not be converted into H
Shares upon Listing) and will control a total of 41,251,282 Class B Ordinary Shares (all of which will be converted into
H Shares upon Listing) through Woyou ESOP, Woyou Partnership and Ningbo Woyou as their general partner.
(2) The expiry day of the lock-up period shown in the table above is pursuant to the PRC Company Law. In accordance with
the relevant Listing Rules and guidance materials, the required lock-up for the First Six-Month Period ends on October
28, 2026 and the Second Six-Month Period ends on April 28, 2027.
Pre-IPO Investors
Name
(1)
Number of
H Shares held
in the Company
subject to lock-
up undertakings
upon Listing
Approximate
% of the total
issued H Shares
subject to lock-
up undertakings
upon Listing
Approximate
% of the total
issued share
capital subject
to lock-up
undertakings
upon Listing
Last day subject to the
lock-up undertakings
(2)
Yunxin Venture 98,182,427 32.29% 24.39% April 28, 2027
Hantao Consulting 29,515,358 9.71% 7.33% April 28, 2027
Jinxing Venture 28,011,271 9.21% 6.96% April 28, 2027
Shenzhen Capital Group 24,777,737 8.15% 6.15% April 28, 2027
Shanshang Investment 14,832,000
(3)
4.88% 3.68% April 28, 2027
Ding Di 9,444,524 3.11% 2.35% April 28, 2027
Jiang Nanchun
(4)
5,042,068 1.66% 1.25% April 28, 2027
Nongyin Wenying 4,660,874 1.53% 1.16% April 28, 2027
Baolong Investment 3,559,097 1.17% 0.88% April 28, 2027
Guangyi Investment 2,139,086 0.70% 0.53% April 28, 2027
Subtotal 220,164,442 72.41% 54.68%


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10
Name
(1)
Number of
H Shares held
in the Company
subject to lock-
up undertakings
upon Listing
Approximate
% of the total
issued H Shares
subject to lock-
up undertakings
upon Listing
Approximate
% of the total
issued share
capital subject
to lock-up
undertakings
upon Listing
Last day subject to the
lock-up undertakings
(2)
Notes:
(1) For details on the background of the Pre-IPO Investors, please refer to the section headed “History, Development and
Corporate Structure — Pre-IPO Investments — Information of the Pre-IPO Investors” in the Prospectus.
(2) The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
(3) Only represents the number of H Shares held by Shanshang Investment as a Pre-IPO Investor. For the lock-up of the
Offer Shares allocated to a close associate of Shanshang Investment as a Cornerstone Investor, please refer to the
section headed “Allotment Results Details — Lock-up Undertakings — Cornerstone Investors” in this announcement.
(4) To the best knowledge of the Company, the Shares held by Mr. Jiang Weiqiang were transferred to Mr. Jiang Nanchun,
the son of Mr. Jiang Weiqiang.
Cornerstone Investors
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of the total
issued H Shares
subject to lock-
up undertakings
upon Listing
% of the total
issued share
capital subject
to lock-up
undertakings
upon Listing
Last day subject to the
lock-up undertakings
(1)
China Orient Enhanced Income
Fund
1,575,100 0.52% 0.39% March 28, 2027
XINWUTANG CO., LIMITED 9,945,700 3.27% 2.47% October 28, 2026
Subtotal 11,520,800 3.79% 2.86%
Notes:
(1) Each Cornerstone Investor shall not dispose of any of the Offer Shares acquired in the Global Offering at any time
during the respective periods as set out above pursuant to their respective Cornerstone Investment Agreement, save
for certain limited circumstances, such as transfers to any of its wholly-owned subsidiaries who will be bound by the
same obligations of such cornerstone investor, including the lock-up period restriction. For details, please refer to the
section headed “Cornerstone Investors — Restrictions on the Cornerstone Investors” of the Prospectus.


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11
PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
% of
total issued
H Share
capital upon
Listing
% of
total issued
share capital
upon Listing**
Top 1 12,241,500 31.91% 28.72% 12,241,500 4.03% 3.04%
Top 5 25,302,300 65.95% 59.36% 40,134,300 13.20% 9.97%
Top 10 27,463,100 71.59% 64.43% 42,295,100 13.91% 10.50%
Top 25 32,941,500 85.87% 77.28% 47,773,500 15.71% 11.87%
Notes
* Ranking of placees is based on the number of H Shares allotted to the placees.
** Total issued share capital upon Listing includes Class A Shares (i.e. Shares with weighted voting rights which will not be converted into H Shares upon Listing). For details on
the weighted voting rights structure of the Company, please refer to the section headed “Share Capital” of the Prospectus.


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12
H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
% of
total issued
H Share
capital upon
Listing**
% of
total issued
Share capital
upon Listing
Number of
Shares held
upon Listing
Top 1 0 0.00% 0.00% 98,182,427 32.29% 24.39% 98,182,427
Top 5 0 0.00% 0.00% 221,738,075 72.93% 55.07% 320,322,351
Top 10 22,187,200 57.83% 52.05% 277,904,741 91.40% 69.02% 376,489,017
Top 25 29,474,100 76.83% 69.14% 290,889,824 95.67% 72.25% 389,474,100
Notes
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
** Total issued share capital upon Listing includes Class A Shares (i.e. Shares with weighted voting rights which will not be converted into H Shares upon Listing). For details on
the weighted voting rights structure of the Company, please refer to the section headed “Share Capital” of the Prospectus.


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13
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
Number of
Shares held
upon Listing
% of
total issued
Share capital
upon Listing**
Top 1 0 0.00% 0.00% 41,251,282 139,835,558 34.73%
Top 5 0 0.00% 0.00% 221,738,075 320,322,351 79.56%
Top 10 22,187,200 57.83% 52.05% 277,904,741 376,489,017 93.51%
Top 25 29,474,100 76.83% 69.14% 290,889,824 389,474,100 96.73%
Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
** Total issued share capital upon Listing includes Class A Shares (i.e. Shares with weighted voting rights which will not be converted into H Shares upon Listing). For details on
the weighted voting rights structure of the Company, please refer to the section headed “Share Capital” of the Prospectus.


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14
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 SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
100 51,358 2,568 out of 51,358 to receive 100 H Shares 5.00%
200 9,702 494 out of 9,702 to receive 100 H Shares 2.55%
300 24,962 1,285 out of 24,962 to receive 100 H Shares 1.72%
400 5,399 281 out of 5,399 to receive 100 H Shares 1.30%
500 5,126 268 out of 5,126 to receive 100 H Shares 1.05%
600 3,367 177 out of 3,367 to receive 100 H Shares 0.88%
700 2,582 136 out of 2,582 to receive 100 H Shares 0.75%
800 2,874 152 out of 2,874 to receive 100 H Shares 0.66%
900 1,879 100 out of 1,879 to receive 100 H Shares 0.59%
1,000 10,233 550 out of 10,233 to receive 100 H Shares 0.54%
1,500 13,957 755 out of 13,957 to receive 100 H Shares 0.36%
2,000 3,817 207 out of 3,817 to receive 100 H Shares 0.27%
2,500 1,722 94 out of 1,722 to receive 100 H Shares 0.22%
3,000 2,186 130 out of 2,186 to receive 100 H Shares 0.20%
3,500 3,457 220 out of 3,457 to receive 100 H Shares 0.18%
4,000 2,363 155 out of 2,363 to receive 100 H Shares 0.16%
4,500 1,421 95 out of 1,421 to receive 100 H Shares 0.15%
5,000 2,970 205 out of 2,970 to receive 100 H Shares 0.14%
6,000 2,300 180 out of 2,300 to receive 100 H Shares 0.13%
7,000 2,119 175 out of 2,119 to receive 100 H Shares 0.12%
8,000 2,222 189 out of 2,222 to receive 100 H Shares 0.11%
9,000 1,804 160 out of 1,804 to receive 100 H Shares 0.10%
10,000 7,625 708 out of 7,625 to receive 100 H Shares 0.09%
20,000 4,790 735 out of 4,790 to receive 100 H Shares 0.08%
30,000 3,578 720 out of 3,578 to receive 100 H Shares 0.07%
40,000 2,798 728 out of 2,798 to receive 100 H Shares 0.07%
50,000 8,523 2,772 out of 8,523 to receive 100 H Shares 0.07%
100,000 4,322 2,820 out of 4,322 to receive 100 H Shares 0.07%
150,000 1,922 100 H Shares 0.07%
200,000 2,212
100 H Shares plus 121 out of
 2,212 to receive additional 100 H Shares 0.05%

Total 193,590
Total number of Pool A successful
 applicants: 21,193


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15
POOL B
NO. OF SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
250,000 3,990
100 H Shares plus 1,391 out of 3,990 to receive
 additional 100 H Shares 0.05%
300,000 1,236
100 H Shares plus 532 out of 1,236 to receive
 additional 100 H Shares 0.05%
350,000 860
100 H Shares plus 441 out of 860 to receive
 additional 100 H Shares 0.04%
400,000 787
100 H Shares plus 470 out of 787 to receive
 additional 100 H Shares 0.04%
450,000 545
100 H Shares plus 377 out of 545 to receive
 additional 100 H Shares 0.04%
500,000 777 200 H Shares 0.04%
600,000 560
200 H Shares plus 10 out of 560 to receive
 additional 100 H Shares 0.03%
700,000 370
200 H Shares plus 42 out of 370 to receive
 additional 100 H Shares 0.03%
800,000 355
200 H Shares plus 100 out of 355 to receive
 additional 100 H Shares 0.03%
900,000 218
200 H Shares plus 99 out of 218 to receive
 additional 100 H Shares 0.03%
1,000,000 565 300 H Shares 0.03%
1,500,000 311
300 H Shares plus 145 out of 311 to receive
 additional 100 H Shares 0.02%
2,131,300 775 400 H Shares 0.02%

Total 11,349
Total number of Pool B successful
 applicants: 11,349

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.


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16
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 consents have been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for or
purchased by them was the same as the Offer Price in addition to any brokerage, AFRC transaction
levy, SFC transaction levy and Stock Exchange trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Placing to a close associate of an existing minority Shareholder as a cornerstone investor
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a
consent under paragraph 1C(2) of the Placing Guidelines to allow XINWUTANG CO., LIMITED
to participate in the Global Offering as a cornerstone investor. For details, see the section headed
“Waivers — Waiver from Strict Compliance with Rule 10.04 of and Consent Under Paragraph
1C(2) of Appendix F1 to the Listing Rules in respect of Subscriptions of Offer Shares by a Close
Associate of an Existing Shareholder as Cornerstone Investor” in the Prospectus. Such allocations
of Offer Shares are in compliance with all the conditions under the consent granted by the Stock
Exchange.
For details of the allocations of Offer Shares to existing Shareholders and/or their close associates,
please refer to the section headed “Allotment Results Details — International Offering —
Cornerstone Investors” in this announcement.


--- page 17 ---
17
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their connected distributors pursuant to the
Placing Guidelines.
The Company has applied to the Stock Exchange, 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 listed below. The
allocation of Offer Shares to such connected clients is in compliance with all the conditions under a consent granted by the Stock Exchange.
Details of the placement to connected clients are set out below:
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
CLSA CITIC Asset
Management
(1)
CITIC Asset
Management is
a member of the
same group of
companies as
CLSA.
Discretionary
basis
7,000 Yes 0.01642% 0.00230% 0.00174%


--- page 18 ---
18
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
CLSA China AMC
HK
(2)
China
AMC HK is a
member of the
same group of
companies as
CLSA.
Discretionary
basis
2,000 No 0.00469% 0.00066% 0.00050%
ABCI
Capital
ABCI AM
(3)
ABCI AM,
ABCI Capital
and ABCI
Securities
are  group
companies
within the same
group.
Discretionary
basis
1,300 Yes
(3)
0.00305% 0.00043% 0.00032%


--- page 19 ---
19
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
ABCI
Securities
ABCI AM
(3)
ABCI AM,
ABCI Capital
and ABCI
Securities
are  group
companies
within the same
group.
Discretionary
basis
1,300 Yes
(3)
0.00305% 0.00043% 0.00032%
Notes:
(1) CITIC Asset Management will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds on behalf of their investors (the “ CITIC Asset
Management Ultimate Clients ”), each of which is, to the best knowledge of CITIC Asset Management, (i) an independent third party of the Company, its subsidiaries, its
substantial shareholders, CITIC Asset Management, CLSA and the companies which are members of the same group of companies as CLSA; and (ii) a collective investment
scheme which is not authorized by the SFC. No ultimate beneficial owner holds 30% or more interest in the funds.


--- page 20 ---
20
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
The details of the CITIC Asset Management Ultimate Clients, which are the collective investment schemes not authorized by the SFC, are as follow:
Fund Name
Values of Assets
under Management
Whether the Scheme
is Publicly Marketed Fund Manager
UBO of Fund
Manager
Limited Partner of the CITIC
Asset Management Ultimate
Clients
CITIC SECURITIES COMPANY LIMITED-
XINHANG ZHIYUAN NO.1
(Ⴣ
1ྌ )
RMB26,274,974.36 Not publicly marketed CITIC Asset
Management
CITIC Securities
Company Limited
26 limited partners in total, all of
which are individuals
CITIC SECURITIES COMPANY LIMITED-
XINHANG ZHIYUAN NO.3
(Ⴣ
3ྌ )
RMB62,521,444.68 Not publicly marketed CITIC Asset
Management
CITIC Securities
Company Limited
48 limited partners in total, all of
which are individuals
CITIC Securities AM-Guibinfengyuan
No.118 QDII
(ᗇՎ༟၍൮Ⴗᔮʩ
118
໮
QDII
ྌ )
RMB226,629,029.61 Not publicly marketed CITIC Asset
Management
CITIC Securities
Company Limited
Eight limited partners in total,
each of which is either a single
asset management scheme or
a collective asset management
scheme
To the best of knowledge of CITIC Asset Management and after making all reasonable enquiries, (i) each of the CITIC Asset Management Ultimate Client, together with each of
their ultimate beneficial owners, is an independent third party of the Company, its subsidiaries, its substantial shareholders, CITIC Asset Management, CLSA and the companies
which are members of the same group of companies as CLSA, and (ii) none of CLSA and any companies which are members of the same group of companies as CLSA hold any
beneficial interest in any of CITIC Asset Management Ultimate Clients.


--- page 21 ---
21
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
(2) China AMC HK will hold the Offer Shares in its capacity as the discretionary fund manager managing on behalf of its underlying clients (the “ China AMC HK Underlying
Clients”), each of which is an independent third party. To the best of knowledge of China AMC HK and after making all reasonable enquiries, (i) the underlying clients is
an independent third party of the Company, its subsidiaries, its substantial shareholders, China AMC HK, CLSA and the companies which are members of the same group
of companies as CLSA, and (ii) none of CLSA and any companies which are members of the same group of companies as CLSA hold any beneficial interest in any of the
underlying clients of China AMC HK.
The details of the China AMC HK Underlying Clients are as follow:
Fund Name UBO/Shareholding holding 30% or more in the Fund
CHINAAMC SELECT GREATER CHINA TECHNOLOGY FUND Futu Securities International (Hong Kong) Limited — client account
CHINAAMC FUND — CHINAAMC
CHINA OPPORTUNITIES FUND
N/A
CHINAAMC CHINA FOCUS FUND Manulife (International) Limited
CHINAAMC CHINA GROWTH FUND (SICAV) Yuanta Securities (HK) Company Limited


--- page 22 ---
22
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
(3) ABCI AM intends to hold the Offer Shares in its capacity as manager managing investment portfolios on behalf of underlying investors (the “ ABCI AM Ultimate Clients ”)
who are independent third parties on a discretionary basis. To the best of knowledge of ABCI AM and after making all reasonable enquiries, (i) each of the ABCI AM
Ultimate Client, together with each of their ultimate beneficial owners, is an independent third party of the Company, its subsidiaries, its substantial shareholders, ABCI
Capital, ABCI Securities and the companies which are members of the same group of companies as ABCI Capital and ABCI Securities, and (ii) none of ABCI Capital, ABCI
Securities and the companies which are members of the same group of companies as ABCI Capital and ABCI Securities hold any beneficial interest in any of ABCI Asset AM
Ultimate Clients.
 The 1,300 Offer Shares proposed to be allocated to ABCI AM as a connected client of each of ABCI Capital and ABCI Securities will be placed solely through ABCI
Securities as the connected distributor. For the avoidance of doubt, such allocation of 1,300 Offer Shares to ABCI AM is a single allocation and should not be double-counted
by reason of ABCI AM being a connected client of both ABCI Capital and ABCI Securities.


--- page 23 ---
23
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
No. of Offer
Shares allocated
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorized
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Approximate %
of Offer Shares
Approximate %
of the total
issued H Shares
immediately
following
completion of
the
Global Offering
Approximate %
of the total issued
share capital
immediately
following
completion of the
Global Offering
The details of the ABCI AM Ultimate Clients are as follow:
Fund Name
Whether the Scheme
is Publicly Marketed
Number of Offer
Shares intended to be
allocated to the Fund Fund Manager
UBO of Fund
Manager
Limited Partner of the ABCI AM
Ultimate Clients
ABCI Asset Management Limited — Client A/
C — ABCI Global Opportunities SPC — ABCI
China Rising 6 SP
Not publicly marketed 700 ABCI Asset
Management Limited
Agricultural Bank of
China
3 limited partners in total, all of
which are individuals, WEI Dezhi
holds 55%, CHEN Dong holds
30%.
ABCI Asset Management Limited — Client A/
C — E-Star
Not publicly marketed 600 ABCI Asset
Management Limited
Agricultural Bank of
China
1 limited partner in total, which
is a HK listed company, E-Star
Commercial Management
Company Limited (6668HK).
ABCI Asset Management Limited — Client A/C — ABCI Global Opportunities SPC — ABCI China Rising 6 SP is a collective investment schemes not authorized by the SFC.


--- page 24 ---
24
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
“Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from
or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication 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). 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
jurisdiction. The Offer Shares have not been and will not be registered under the United States
Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”) or securities
law of any state or other jurisdiction of the United States and may not be offered, sold, pledged
or transferred within the United States, except in transactions exempt from, or not subject to, the
registration requirements of the U.S. Securities Act. The Offer Shares may only be offered and
sold outside the United States in offshore transactions in reliance on Regulation S. There will be
no public offer of the Offer Shares in the United States.
The Offer Shares are being offered and sold outside the United States to investors that are not
U.S. persons nor persons acquiring for the account or benefit of U.S. persons 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 April 21, 2026 issued by Shanghai Sunmi Technology
Co., Ltd. (ʮ̡ ) for detailed information about the Global Offering
described above before deciding whether or not to invest in the H Shares thereby being offered.
Potential investors of the Offer Shares should note that the Joint Sponsors and Overall
Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall be entitled
to terminate their obligations under the Hong Kong Underwriting Agreement with immediate
effect upon the occurrence of any of the events set out in the paragraph headed “Underwriting
— Underwriting Arrangements and Expenses — Hong Kong Public Offering — Hong Kong
Underwriting Agreement — Grounds for Termination” in the Prospectus at any time prior to 8:00
a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on April 29, 2026).


--- page 25 ---
25
PUBLIC FLOAT AND FREE FLOAT
Based on the Offer Price, the minimum percentage of H Shares required to be held in public
hands under Rule 8.08(1) (as amended and replaced by Rule 19A.13A(1)) of the Listing Rules
is 15%, being the higher of (i) the percentage that would result in the expected market value of
such securities in public hands to be HK$1.5 billion at the time of Listing, and (ii) 15%. Upon
completion of the Global Offering, 164,608,815 H Shares, representing approximately 54.14% of
the total number of H Shares of our Company, will be counted towards the public float, thereby
satisfying the minimum public float requirements under Rule 8.08(1) (as amended and replaced by
Rule 19A.13A(1)) of the Listing Rules.
Pursuant to the PRC Company Law, all Shares issued prior to the Listing shall not be transferred
within one year from the Listing Date. In addition, each of the cornerstone investors has agreed to
a lock-up period of six months or longer 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. Immediately following completion of the Listing, a market
capitalization of approximately HK$773 million of the H Shares listed on the Stock Exchange
are not subject to such disposal restrictions at the time of the Listing (based on the Offer Price),
representing 10.23% of our total number of H Shares, which will be counted as the free float.
Accordingly, our Company will be able to satisfy the requirements under Rule 19A.13C(1)(b) of the
Listing Rules.
The Directors also confirm that immediately following the completion of the Global Offering,
(i) no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder upon Listing; and (iii) there will be at least 300 Shareholders at the time of the Listing
in compliance with Rule 8.08(2) of the Listing Rules.


--- page 26 ---
26
COMMENCEMENT OF DEALINGS
Share certificates for the Offer Shares will only become valid evidence of title at 8:00 a.m. on
Wednesday, April 29, 2026 (Hong Kong time), provided that (i) the Global Offering has become
unconditional in all respects at or before that time, and (ii) the right of termination as described
in the paragraph headed “Underwriting — Underwriting Arrangements and Expenses — Hong
Kong Public Offering — Hong Kong Underwriting Agreement — Grounds for Termination” in the
Prospectus has not been exercised. Investors who trade H Shares on the basis of publicly available
allocation details before the receipt of H Share certificates or before the H Share certificates become
valid evidence of title do so entirely at their own risk.
Assuming that the Hong Kong Public Offering becomes unconditional at or before 8:00 a.m. in
Hong Kong on Wednesday, April 29, 2026, it is expected that dealings in the H Shares on the Stock
Exchange will commence at 9:00 a.m. on Wednesday, April 29, 2026. The H Shares will be traded
in board lots of 100 H Shares each and the stock code of the H Shares will be 6810.
By order of the Board
Shanghai Sunmi Technology Co., Ltd.
Mr. Lin Zhe
Executive Director, Chairman of the
Board and General Manager
Hong Kong, April 28, 2026
Directors of the Company named in the application to which this announcement relates are Mr. Lin Zhe, Mr. Chen Xiaojing,
Mr. Zhang Jinpu and Mr. Chen Guihong as executive directors; Mr. Wang Huan and Ms. Zhang Yi as non-executive directors;
Mr. Li Shihong, Ms. Wang Xia and Mr. Poon Wing Shing, Anthony as independent non-executive directors.
