--- page 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, capitalised terms used in this announcement shall have the
same meanings as those defined in the prospectus dated 31 December 2025 (the “Prospectus”)
issued by BBSB International Limited (the “Company”).
This announcement is for information purposes only and does not constitute an offer or an
invitation to induce an offer by any person to acquire, purchase or subscribe for any securities
of the Company. This announcement is not a prospectus. Potential investors should read the
Prospectus for detailed information about the Company and the Share Offer 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 constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States or in any other jurisdictions.
The Offer Shares have not been and will not be registered under the U.S. Securities Act of
1933, as amended, supplemented or otherwise modified from time to time (the “U.S. Securities
Act”) or any state securities laws in the United States, and may not be offered, sold, pledged
or transferred within the United States or to, or for the account or benefit of, U.S. persons (as
defined in Regulation S under the U.S. Securities Act) except in transactions exempt from, or not
subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being
offered and sold outside the United States in offshore transactions in reliance on Regulation S
under the U.S. Securities Act. There will not be and is not currently intended to be any public
offer of securities of the Company in the United States.
Potential investors of the Offer Shares should note that the Sole 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 paragraphs headed “Underwriting – Underwriting arrangement 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, 13 January 2026).
– 1 –


--- page 2 ---
BBSB International Limited
(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 : 125,000,000 Shares
Number of Public Offer Shares : 12,500,000 Shares
Number of Placing Shares : 112,500,000 Shares
Offer Price : HK$0.60 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%
Nominal value : HK$0.01 per Share
Stock code : 8610
Sole Sponsor
Sole Overall Coordinator
Joint Bookrunners and Joint Lead Managers
Co-Managers (in alphabetical order)
ᮍᮍ ౗౗ 㔠㔠 ⼥⼥
– 2 –


--- page 3 ---
BBSB INTERNATIONAL LIMITED
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 31 December 2025 (the “Prospectus”)
issued by BBSB International 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 8610
Stock short name BBSB INTL
Dealings commencement date 13 January 2026 *
* see note at the end of the announcement
Price Information
Final Offer Price HK$0.60
Offer Price Range HK$0.60 – HK$0.70
Offer Price Adjustment exercised N/A
Offer Shares and Share Capital
Number of Offer Shares 125,000,000
Number of Public Offer Shares 12,500,000
Number of Placing Shares 112,500,000
Number of issued Shares upon Listing 500,000,000
Offer Size Adjustment Option (Upsize option)
Number of additional Shares issued under the option 0*
– Public Offer –
– Placing –
* The Offer Size Adjustment Option has not been exercised.
Over-allocation
No. of Offer Shares over-allocated 0
Proceeds
Gross proceeds (Note) HK$75.00 million
Less: Estimated listing expenses payable based on
Final Offer Price
HK$ (25.00) million
Net proceeds HK$50.00 million
Note: Gross proceeds refers to the amount to which the Company is entitled receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds” in the Prospectus.
– 3 –


--- page 4 ---
ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
Number of valid applications 145,089
Number of successful applications 3,125
Subscription level 10,745.13 times
Claw-back triggered No
Number of Offer Shares initially available under the
Public Offer 12,500,000
Number of Offer Shares reallocated from the Placing N/A
Final number of Offer Shares under the Public Offer 12,500,000
% of Offer Shares under the Public Offer to the Share
Offer 10.00%
Note: For details of the final allocation of shares to the Public Offer, investors can refer to
http://www.ewhiteform.com.hk/results to perform a search by name or identification number or
https://www.ewhiteform.com.hk/eAnnouncement/  for the full list of allottees.
– 4 –


--- page 5 ---
PLACING
Number of placees 108
Subscription Level 1.01 times
Number of Offer Shares initially available under the
Placing 112,500,000
Final number of Offer Shares under the Placing 112,500,000
% of final number of Offer Shares under the Placing to
the Share Offer 90.00%
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.
– 5 –


--- page 6 ---
The placees in the Placing include the following:
Cornerstone Investors
Investor Note
No. of Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the Share
Offer
Existing
Shareholders
or their close
associates
Choy Joo Seong 11,664,000 9.33% 2.33% No
Tan Nam Joo 11,664,000 9.33% 2.33% No
Total 23,328,000 18.66% 4.66%
Note: For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors”
in the Prospectus.
– 6 –


--- page 7 ---
Allottees who are customer(s) or client(s)/supplier(s) or subcontractor(s) of the issuer
Investor
No. of Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the Share
Offer Relationship
LOWBROS Holdings
 Sdn Bhd
1,560,000 1.25% 0.31% The ultimate
beneficial
owners of
the investor
are also the
ultimate
beneficial
owners of a
supplier of the
issuer
Lam Kek Boon Note 1 2,648,000 2.12% 0.53% The investor
is a substantial
shareholder of
a subcontractor
of the issuer
Total 4,208,000 3.37% 0.84%
Note:
1. As at the date of this announcement, Mr. Lam Kek Boon held 50% equity interest in PSL Concrete Sdn
Bhd, which is one of the Company’s major subcontractors during the Track Record Period.
– 7 –


--- page 8 ---
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
BBSB Overseas Note 1
Datuk Tan Note 1
Datin Pan Note 1
375,000,000 75.00% 12 July 2026 (First Six-
Month Period) Note 2
12 January 2027
(Second Six-Month
Period) Note 3
Subtotal 375,000,000 75.00%
In accordance with the GEM Listing Rules/guidance materials, the required lock-up for the
first six-month period ends on 12 July 2026 and for the second six-month period, on 12 January
2027.
Notes:
1. BBSB Overseas Private Ltd (“BBSB Overseas”) is owned as to 70% by Tan Chin Nyan (“Datuk Tan”)
and as to 30% by Pan Shao-Ping (“Datin Pan”), respectively. As such, BBSB Overseas, Datuk Tan and
Datin Pan are the Controlling Shareholders of the Company under the GEM Listing Rules.
2. 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.
3. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after the
indicated date.
– 8 –


--- page 9 ---
Cornerstone Investors
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 Note 1
Choy Joo Seong 11,664,000 2.33% 12 July 2026
Tan Nam Joo 11,664,000 2.33% 12 July 2026
Subtotal 23,328,000 4.66%
Note:
1. In accordance with the relevant cornerstone investment agreements, the required lock up ends on 12 July
2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring 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 disposal by the
Cornerstone Investors” of the Prospectus.
– 9 –


--- page 10 ---
PLACEE CONCENTRATION ANALYSIS
Placees*
Number
of Placing
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 30,296,000 26.93% 24.24% 30,296,000 6.06%
Top 5 68,620,000 61.00% 54.90% 68,620,000 13.72%
Top 10 87,248,000 77.55% 69.80% 87,248,000 17.45%
Top 25 107,332,000 95.41% 85.87% 107,332,000 21.47%
Note
* Ranking of placees is based on the number of Shares allotted to the placees.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
Placing Shares
allotted
Number of
Public Offer
Shares allotted
Total
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 0 0 0 0.00% 0.00% 375,000,000 75.00%
Top 5 61,956,000 0 61,956,000 55.07% 49.56% 436,956,000 87.39%
Top 10 84,600,000 0 84,600,000 75.20% 67.68% 459,600,000 91.92%
Top 25 106,500,000 0 106,500,000 94.67% 85.20% 481,500,000 96.30%
Note
* Ranking of Shareholders is based on the number of Shares held by the Shareholder upon Listing.
– 10 –


--- page 11 ---
BASIS OF ALLOCATION UNDER THE PUBLIC OFFER
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 145,089 valid
applications made by the public will be conditionally allocated on the basis set out below:
NUMBER
OF SHARES
APPLIED
FOR
NUMBER
OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NUMBER OF
SHARES APPLIED
FOR
4,000 41,854 21 out of 41,854 to receive 4,000 Shares 0.05%
8,000 11,007 7 out of 11,007 to receive 4,000 Shares 0.03%
12,000 34,340 22 out of 34,340 to receive 4,000 Shares 0.02%
16,000 3,281 2 out of 3,281 to receive 4,000 Shares 0.02%
20,000 3,300 2 out of 3,300 to receive 4,000 Shares 0.01%
24,000 1,461 1 out of 1,461 to receive 4,000 Shares 0.01%
28,000 1,336 1 out of 1,336 to receive 4,000 Shares 0.01%
32,000 1,225 1 out of 1,225 to receive 4,000 Shares 0.01%
36,000 879 1 out of 879 to receive 4,000 Shares 0.01%
40,000 4,920 5 out of 4,920 to receive 4,000 Shares 0.01%
48,000 1,233 1 out of 1,233 to receive 4,000 Shares 0.01%
56,000 988 1 out of 988 to receive 4,000 Shares 0.01%
64,000 2,110 3 out of 2,110 to receive 4,000 Shares 0.01%
72,000 1,186 2 out of 1,186 to receive 4,000 Shares 0.01%
80,000 3,451 6 out of 3,451 to receive 4,000 Shares 0.01%
120,000 2,527 7 out of 2,527 to receive 4,000 Shares 0.01%
160,000 2,007 7 out of 2,007 to receive 4,000 Shares 0.01%
200,000 2,638 12 out of 2,638 to receive 4,000 Shares 0.01%
300,000 1,398 10 out of 1,398 to receive 4,000 Shares 0.01%
400,000 1,399 13 out of 1,399 to receive 4,000 Shares 0.01%
500,000 940 11 out of 940 to receive 4,000 Shares 0.01%
600,000 721 10 out of 721 to receive 4,000 Shares 0.01%
700,000 574 9 out of 574 to receive 4,000 Shares 0.01%
– 11 –


--- page 12 ---
NUMBER
OF SHARES
APPLIED
FOR
NUMBER
OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NUMBER OF
SHARES APPLIED
FOR
800,000 763 14 out of 763 to receive 4,000 Shares 0.01%
900,000 448 9 out of 448 to receive 4,000 Shares 0.01%
1,000,000 1,884 43 out of 1,884 to receive 4,000 Shares 0.01%
1,500,000 1,525 53 out of 1,525 to receive 4,000 Shares 0.01%
2,000,000 1,171 54 out of 1,171 to receive 4,000 Shares 0.01%
2,500,000 671 39 out of 671 to receive 4,000 Shares 0.01%
3,000,000 672 46 out of 672 to receive 4,000 Shares 0.01%
3,500,000 553 45 out of 553 to receive 4,000 Shares 0.01%
4,000,000 542 50 out of 542 to receive 4,000 Shares 0.01%
4,500,000 475 49 out of 475 to receive 4,000 Shares 0.01%
5,000,000 2,115 243 out of 2,115 to receive 4,000 Shares 0.01%
7,500,000 2,955 510 out of 2,955 to receive 4,000 Shares 0.01%
10,000,000 1,123 258 out of 1,123 to receive 4,000 Shares 0.01%
12,500,000 5,417 1,557 out of 5,417 to receive 4,000 Shares 0.01%
Total 145,089 Total number of successful applicants: 3,125

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.
– 12 –


--- page 13 ---
COMPLIANCE WITH THE 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, no rebate has been, directly or
indirectly, provided by the Company, the Controlling Shareholders, Directors or syndicate
members to any placees or the public (as the case may be) and the consideration paid by them
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.
OTHERS/ADDITIONAL INFORMATION
Reallocation
The re-allocation procedure as disclosed in the paragraph headed “Structure and Conditions
of the Share Offer – The Public Offer – Re-allocation” in the Prospectus has not been applied.
– 13 –


--- page 14 ---
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
mentioned herein have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “U.S. Securities Act”). The securities may not be offered or sold
in the United States except pursuant to an exemption from the registration requirements of the
U.S. Securities Act and in compliance with any applicable state securities laws, or outside the
United States unless in compliance with Regulation S under the U.S. Securities Act. There
will be no public offer of securities of the Company in the United States.
The Offer Shares are being offered and sold outside the United States in offshore transactions
in reliance on Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated 31 December 2025 issued by BBSB
INTERNATIONAL 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 Overall Coordinator (for
itself and on behalf of the Public Offer Underwriters) shall be entitled to terminate their
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
arrangement 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, 13 January 2026).
– 14 –


--- page 15 ---
PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Share Offer, 125,000,000 Shares, representing 25% of
the issued share capital of the Company will be held in the public hands. Therefore, the number
of Shares in the public hands represents no less than 25% of the total issued share capital of the
Company, satisfying the minimum percentage prescribed by Rule 11.23(7) of the GEM Listing
Rules.
Based on the final Offer Price of HK$0.60 per Share, the Company satisfies the free float
requirement under Rule 11.23A of the GEM Listing Rules.
The Directors confirm that, immediately following the completion of the Share 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 Rule 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 evidence of title at 8:00 a.m. on Tuesday, 13 January
2026 (Hong Kong time), provided that the Share Offer has become unconditional and the right
of termination described in the paragraph headed “Underwriting – Underwriting arrangement and
expenses – Public Offer – Grounds for termination” in the Prospectus has not been exercised.
Investors who trade the Shares on the basis of publicly available allocation details prior to the
receipt of Share certificates or prior to the Share certificates becoming valid evidence of title
do so entirely at their own risk.
– 15 –


--- page 16 ---
Assuming that the Share Offer becomes unconditional at or before 8:00 a.m. on Tuesday, 13
January 2026 (Hong Kong time), it is expected that dealings in the Shares on the Stock Exchange
will commence at 9:00 a.m. on Tuesday, 13 January 2026 (Hong Kong time). The Shares will be
traded in board lots of 4,000 Shares each, and the stock code of the Shares will be 8610.
By order of the Board
BBSB International Limited
Datuk Tan Chin Nyan
Chairman and Executive Director
Hong Kong, 12 January 2026
As at the date of this announcement, the executive Directors are Datuk Tan Chin Nyan, Mr. Tan
Tze Tung and Ms. Tan Xin Yi; and the independent non-executive Directors are Mr. Lee Tuan
Meng, Mr. Ooi Kim Chai and Ms. Norkamaliah Binti Hashim.
This announcement is available for viewing on the website of the Company at
https://bbsbholdings.com.my /and the website of the Stock Exchange at www.hkexnews.hk .
– 16 –
