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– 1 –
Unless otherwise defined herein, capitalised terms used in this announcement shall have
the same meanings as those defined in the prospectus dated 21 June 2024 (the
“Prospectus”) of Metasurface Technologies Holdings Limited ( ʩ續ʮ̡ )
(the “ Company”).
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 for information purposes only and does not constitute an
invitation or offer by any person to acquire, purchase or subscribe for any securities.
This announcement is not a prospectus. Potential investors should read the Prospectus
for detailed information about the Share Offer described below before deciding whether
or not to invest in the Offer Shares.
This announcement does not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States. The Offer Shares are being
offered and sold outside the United States in offshore transactions in reliance on
Regulation S. The Offer Shares have not been and will not be registered under the U.S.
Securities Act and may not be offered, sold, pledged or transferred within the United
States, except pursuant to an exemption from or in a transaction not subject to the
registration requirements of the U.S. Securities Act. There is not and it is not currently
intended for there to be any public offer of securities of the Company in the United
States.
Potential investors of the Offer Shares should note that the Overall Coordinator (for
itself and on behalf of the Public Offer Underwriters) shall be entitled to terminate the
Public Offer Underwriting Agreement with immediate effect upon the occurrence of any
of the events set out in the section headed “Underwriting — Underwriting arrangements
and expenses — Public Offer — 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, 2 July 2024).


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– 2 –
METASURFACE TECHNOLOGIES HOLDINGS LIMITED
ʩ 續ʮ̡
(Incorporated in the Cayman Islands with limited liability)
LISTING ON GEM OF
THE STOCK EXCHANGE OF HONG KONG LIMITED
BY WAY OF SHARE OFFER
Number of Offer Shares : 27,000,000 Shares
Number of Public Offer Shares : 13,500,000 Shares
Number of Placing Shares : 13,500,000 Shares
Offer Price : HK$2.42 per Offer Share, plus brokerage of 1%,
SFC transaction levy of 0.0027%, AFRC
transaction levy of 0.00015% and Stock Exchange
trading fee of 0.00565% (payable in full on
application in Hong Kong dollars and subject to
refund)
Nominal value : HK$0.001 per Share
Stock code : 8637
Sole Sponsor, Sole Overall Coordinator, Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners (in alphabetical order)
Joint Lead Managers (in alphabetical order)


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METASURFACE TECHNOLOGIES HOLDINGS LIMITED / 元续科技控股有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
as those defined in the prospectus dated 21 June 2024 (the “Prospectus”) issued by Metasurface
Technologies Holdings Limited (the “Company”).

Warning:  In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Shares could move
substantially even with a small number of Shares traded and should exercise extreme caution when
dealing in the Shares.
SUMMARY

Company Information
Stock code  8637
Stock short name  METASURFACE
Dealings commencement date  2 July 2024*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$2.420
Offer Price Range HK$2.380 - HK$3.000
Offer Price Adjustment exercised  No

Offer Shares and Share Capital
Number of Offer Shares  27,000,000
Number of Offer Shares in Public Offer (after reallocation) 13,500,000
Number of Offer Shares in Placing (after reallocation) 13,500,000
Number of issued shares upon Listing  150,000,000


Proceeds
Gross proceeds (Note)  HK$ 65.34 million
Less: Estimated listing expenses paid and payable based
on Final Offer Price
HK$ (53.31) million
Net proceeds  HK$ 12.03 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 Prospectus dated 21 June 2024.


ALLOTMENT RESULTS DETAILS
PUBLIC OFFER

No. of valid applications  30,583
No. of successful applications  6,862
Subscription level  2,480.61 times


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Claw-back triggered  Yes
No. of Offer Shares initially available under the Public Offer  2,700,000
No. of Offer Shares reallocated from the Placing (claw-back) 10,800,000
Final no. of Offer Shares under the Public Offer (after exercise of
reallocation)
13,500,000
% of Offer Shares under the Public Offer to the Share Offer 50.00%

Note: For details of the final allocation of shares to the Public Offer, investors can refer to
http://www.hkeipo.hk/IPOResult to perform a search by name or identification number or
http://www.tricor.com.hk/ipo/result for the full list of allottees.
PLACING

No. of placees  181
Subscription Level  1.43 times
No. of Offer Shares initially available under the Placing 24,300,000
No. of Offer Shares reallocated to the Public Offer (claw-back)  10,800,000
Final no. of Offer Shares under the Placing (after reallocation) 13,500,000
% of Offer Shares under the Placing to the Share Offer 50.00%

The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer
Shares subscribed by the placees and the public have been financed directly or indirectly by the Company,
any of the Directors, chief executive of the Company, controlling shareholders, substantial shareholders,
existing shareholders of the Company or any of its subsidiaries or their respective close associates; and (ii)
none of the placees and the public who have purchased the Offer Shares are accustomed to taking
instructions from the Company, any of the Directors, chief executive of the Company, controlling
shareholders, substantial shareholders, existing shareholders of the Company or any of its subsidiaries or
their respective close associates in relation to the acquisition, disposal, voting or other disposition of Shares
registered in his/her/its name or otherwise held by him/her/it.

Allottees with waivers/consents obtained

Investor
No. of
shares
allocated
% of
offer
shares
% of total
issued share
capital after
the Share
Offer
No. of Shares
held upon
Listing
% of total
issued share
capital upon
Listing  Relationship
*
TAN BENG
KIAT 240,000 0.89% 0.16%




1,508,261




1.01%
Existing
shareholder/
Director or its
close
associate
HONG
HAICHENG 120,000 0.44% 0.08%




1,794,107




1.20%
Existing
shareholder/
Director or its
close
associate
Total 360,000 1.33% 0.24% 3,302,368 2.21%


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*The Company has applied for, and the Exchange has approved, a waiver from strict compliance with
GEM Rule 13.02(1). Details of the waiver are set out as follows:

Tan Beng Kiat (“Mr. Tan”) is an existing shareholder of the Company. Mr. Tan holds 1,508,261 Shares,
representing approximately 1.01% of the total issued share capital of the Company upon Listing. Mr. Tan,
in his individual capacity, has been placed with 240,000 Offer Shares at the Offer Price, representing
approximately 0.89% of the total number of Offer Shares available under the Share Offer. Hong Haicheng
(“Ms. Hong”) is an existing shareholder of the Company. Ms. Hong holds 1,794,107 Shares, representing
approximately 1.20% of the total issued share capital of the Company upon Listing. Ms. Hong, in her
individual capacity, has been placed with 120,000 Offer Shares at the Offer Price, representing
approximately 0.44% of the total number of Offer Shares available under the Share Offer.

The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a waiver from
strict compliance with 10.12(1A)(b) and 13.02(1) of the GEM Listing Rules to permit the Company to
allocate such Offer Shares in the Placing to each of Mr. Tan and Ms. Hong. The allocation of Offer Shares
to each of Mr. Tan and Ms. Hong is in compliance with all the conditions under the waiver and consent
granted by the Stock Exchange.


Existing or past employee of the issuer
Investor
No. of shares
allocated
% of offer
shares
% of total issued share capital after the
Share Offer
GEENA HUI 120,000 0.44% 0.08%
OOI ENG LENG 18,000 0.07% 0.01%
CHONG AH
LOONG 14,000 0.05% 0.01%
PAN YUNG
CHEONG 5,000 0.02% 0.00%
Total 157,000 0.58% 0.10%

LOCK-UP UNDERTAKINGS

Controlling Shareholders
 Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
SGP Capital Holdings
Limited (CHUA Chwee
Lee (CAI Shuili) / 蔡水
理)
58,647,335 39.10% 1 January 2025 (First
Six-Month Period) Note 1
   1 July 2025 (Second
Six-Month Period) Note 2
Baccini Capital Holdings
Limited (JEE Wee Jene /
余偉娟)
24,748,479 16.50% 1 January 2025 (First
Six-Month Period) Note 1
   1 July 2025 (Second
Six-Month Period) Note 2
Subtotal 83,395,814 55.60%


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Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings

In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-
month period ends on 1 January 2025 and for the second six-month period, on 1 July 2025.


Pre-IPO Investors (as defined in the “History and Development” section of the Prospectus)
 Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
Accelerate Technologies
Pte. Ltd.
6,150,010 4.10% 1 January 2025
MMI Holdings Limited 3,075,005 2.05% 1 January 2025
Zou Shuling 1,775,579 1.18% 1 January 2025
Hong Haicheng 1,674,107 1.11% 1 January 2025
Soo Siew Har and Ho
Gim Hai
1,521,909 1.01% 1 January 2025
Chua Lee Chai 1,268,261 0.85% 1 January 2025
Tan Beng Kiat 1,268,261 0.85% 1 January 2025
Deborah Chua Wee Wei 1,268,261 0.85% 1 January 2025
Tan Kok Thye George 634,130 0.42% 1 January 2025
Poh Seng Kah 507,296 0.34% 1 January 2025
Subtotal 19,142,819 12.76%

The expiry date of the lock-up period shown in the table above is pursuant to a voluntary lock-up deed
dated 18 June 2024.


Existing Shareholders (other than the Pre-IPO Investors as defined in the “History and Development”
section of the Prospectus)
 Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
Angelling Capital
Holdings Limited
(THNG Chong Kim / 程
章金)
12,299,998 8.20% 1 January 2025
PANG Chen May / 彭菁
咪
8,161,369 5.44% 1 January 2025
Subtotal 20,461,367 13.64%


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Name
Number of shares held
in the Company subject
to lock-up
undertakings  upon
listing
% of shareholding in
the Company subject to
lock-up  undertakings
upon listing
Last day subject  to the
lock-up  undertakings
The expiry date of the lock-up period shown in the table above is pursuant to a voluntary lock-up deed
dated 18 June 2024.


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

2. The Controlling Shareholder  will cease to be prohibited from  disposing of or transfer ring Shares after the indicated
date.


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PLACEE CONCENTRATION ANALYSIS
Placees Number of Shares allotted

Allotment as % of Placing  Allotment as % of total Offer Shares
Number of
 Shares held upon Listing

% of total issued share capital upon
Listing
Top 1 4,400,000 32.59% 16.30% 4,400,000 2.93%
Top 5 9,840,000 72.89% 36.44% 9,840,000 6.56%
Top 10 12,828,000 95.02% 47.51% 15,770,368 10.51%
Top 25 13,213,000 97.87% 48.94% 16,155,368 10.77%

Notes
* Ranking of placees is based on the number of Shares allotted to the placees.


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SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of  Share
s allotted

Allotment as % of
Placing
Allotment as % of total
Offer Shares
Number of Shares held
upon Listing

% of total issued share
capital upon Listing
Top 1 0 0.00% 0.00% 83,395,814 55.60%
Top 5 4,400,000 32.59% 16.30% 114,407,191 76.27%
Top 10 7,620,000 56.44% 28.22% 124,151,882 82.77%
Top 25 13,089,000 96.96% 48.48% 136,089,000 90.73%

Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.

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

NO. OF SHARES APPLIED FOR
NO. OF VALID
APPLICATIONS
BASIS OF
ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NO. OF
SHARES APPLIED FOR
1,000 7,574 0 Shares 3.01% 1,000 235 1,000 Shares
2,000 762 0 Shares 2.02% 2,000 32 1,000 Shares
3,000 7,935 0 Shares 1.66% 3,000 416 1,000 Shares
4,000 261 0 Shares 1.44% 4,000 16 1,000 Shares
5,000 325 0 Shares 1.32% 5,000 23 1,000 Shares
6,000 161 0 Shares 1.25% 6,000 13 1,000 Shares
7,000 124 0 Shares 1.16% 7,000 11 1,000 Shares
8,000 99 0 Shares 1.15% 8,000 10 1,000 Shares
9,000 57 0 Shares 1.06% 9,000 6 1,000 Shares
10,000 848 0 Shares 1.04%


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10,000 98 1,000 Shares
15,000 2,874 0 Shares 0.90% 15,000 449 1,000 Shares
20,000 259 0 Shares 0.81% 20,000 50 1,000 Shares
25,000 104 0 Shares 0.78% 25,000 25 1,000 Shares
30,000 845 0 Shares 0.70% 30,000 225 1,000 Shares
35,000 121 0 Shares 0.68% 35,000 38 1,000 Shares
40,000 110 0 Shares 0.65% 40,000 39 1,000 Shares
45,000 75 0 Shares 0.62% 45,000 29 1,000 Shares
50,000 202 0 Shares 0.56% 50,000 79 1,000 Shares
60,000 148 0 Shares 0.53% 60,000 69 1,000 Shares
70,000 115 0 Shares 0.51% 70,000 63 1,000 Shares
80,000 113 0 Shares 0.49% 80,000 72 1,000 Shares
90,000 66 0 Shares 0.46% 90,000 47 1,000 Shares
100,000 434 0 Shares 0.45% 100,000 350 1,000 Shares
200,000 109 0 Shares 0.40% 200,000 438 1,000 Shares
300,000 373 1,000 Shares 0.33%
400,000 249 1,000 Shares 0.30% 400,000 63 2,000 Shares
500,000 205 1,000 Shares 0.25% 500,000 69 2,000 Shares
600,000 94 1,000 Shares 0.24% 600,000 74 2,000 Shares
700,000 46 1,000 Shares 0.23% 700,000 73 2,000 Shares
800,000 30 1,000 Shares 0.22% 800,000 99 2,000 Shares
900,000 7 1,000 Shares 0.21% 900,000 62 2,000 Shares
1,000,000 205 2,000 Shares 0.20%
1,200,000 70 2,000 Shares 0.19% 1,200,000 35 3,000 Shares
1,400,000 44 2,000 Shares 0.18% 1,400,000 61 3,000 Shares
1,600,000 24 2,000 Shares 0.17%


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1,600,000 87 3,000 Shares
1,800,000 512 3,000 Shares 0.17%
2,000,000 135 3,000 Shares 0.17% 2,000,000 64 4,000 Shares
2,200,000 33 3,000 Shares 0.16% 2,200,000 37 4,000 Shares
2,400,000 8 3,000 Shares 0.16% 2,400,000 43 4,000 Shares
2,700,000 1,227 4,000 Shares 0.15%
Total 30,583 13,500,000 Shares


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 GEM LISTING RULES AND GUIDANCE
The Directors confirm that, except for the GEM Listing Rules that have been waived and/or in
respect of which consent has been obtained, the Company has complied with the GEM 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 final Offer Price in addition to any brokerage, AFRC transaction levy,
SFC transaction levy and trading fee payable.

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, distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any state of the United States and the
District of Columbia). This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in   the United States. The securities ment ioned
herein have not been, and will not be, registered under the United States Securities Act of 1933, as
amended (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United States
except pursuant to an exemption from the registra tion requirements of the U.S. Securities Act and in
compliance with any applicable state securities laws, or outside the United States unless in
compliance with Regulation S under the U.S. Securities Act. There will be no public offer of
securities in the United States.
The Offer Shares are being offered and outside the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or offer to
acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential


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investors should read the Prospectus dated 21 June 2024 issued by Metasurface Technologies
Holdings Limited for detailed information about the Share Offer  described below before deciding
whether or not to invest in the Shares thereby being offered.
*Potential investors of  the Offer Shares should note that the Sole Sponsor and the Sole Overall
Coordinator  (for themselves and on behalf of  the Public Offer  Underwriters) shall be entitled to
terminate its obligations under the Public Offer  Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the paragraph headed “Underwriting –
Underwriting Arrangements and Expenses – Public Offer  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 2 July 2024).


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– 3 –
PUBLIC FLOAT
Immediately after the completion of the Share Offer, 46,142,819 Shares, representing
approximately 30.8% of the issued share capital of the Company will count towards the
public float, satisfying the minimum percentage prescribed by Rule 11.23(7) of the GEM
Listing Rules. The Directors confirm that, immediately following the completion of the
Public Offer, (i) the three largest public Shareholders do not hold more than 50% of the
Shares in public hands at the time of Listing in compliance with Rules 11.23(8) of the
GEM Listing Rules; (ii) there will not be any new substantial Shareholder (as defined in
the GEM Listing Rules) of the Company; and (iii) there will be at least 100 Shareholders
at the time of Listing in compliance with Rule 11.23(2)(b) of the GEM Listing Rules.
COMMENCEMENT OF DEALINGS
Share certificates will only become valid at 8:00 a.m. (Hong Kong time) on Tuesday, July
2, 2024, provided that the Share Offer has become unconditional and the right of
termination described in the section headed “Underwriting — Underwriting
Arrangements and Expenses — Public Offer Underwriting Agreement — Grounds for
termination” in the Prospectus has not been exercised.
Investors who trade Shares prior to the receipt of Share certificates or the Share
certificates becoming valid evidence of title do so entirely at their own risk. Assuming
that the Share Offer becomes unconditional at or before 8:00 a.m. (Hong Kong time) on
Tuesday, July 2, 2024, it is expected that dealings in the Shares on the Stock Exchange
will commence at 9:00 a.m. on Tuesday, July 2, 2024. The Shares will be traded in board
lots of 1,000 Shares each. The stock code of the Shares is 8637.
By order of the Board
Metasurface Technologies Holdings Limited
CHUA Chwee Lee (Cai Shuili)
Chairman, Chief Executive Officer and Executive Director
Hong Kong, 28 June 2024
As at the date of this announcement, the Board comprises  (i) Dato’ Sri CHUA Chwee
Lee (CAI Shuili), Ms. JEE Wee Jene and Mr. THNG Chong Kim as executive directors;
and (ii) Mr. TAN Chek Kian, Mr. ANG Yong Sheng, Jonathan (HONG Yongsheng)
and Mr. CHAN Yang Kang as independent non-executive directors.
This announcement is available for viewing on the website of the Company at
www.metatechnologies.com.sg and the website of the Stock Exchange at
www.hkexnews.hk.
