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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 Wednesday, October 16, 2024 (the “Prospectus ”) issued by Horizon Robotics (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, 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. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (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. There will be no public offer of the Offer Shares in the United States. The Offer Shares are
being offered and sold (1) solely to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act
pursuant to an exemption from registration under the U.S. Securities Act and (2) outside the United States in offshore
transactions in reliance on Regulation S under the U.S. Securities Act.
In connection with the Global Offering, Goldman Sachs (Asia) L.L.C., as the stabilizing manager (the “Stabilizing
Manager ”), or any person acting for it, on behalf of the Underwriters, may over-allocate or effect transactions with
a view to stabilizing or supporting the market price of the Class B Ordinary Shares at a level higher than that which
might otherwise prevail for a limited period after the Listing Date. However, there is no obligation on the Stabilizing
Manager, or any person acting for it, to conduct any such stabilizing action, which, if taken, will be conducted at the
absolute discretion of the Stabilizing Manager and may be discontinued at any time. Any such stabilizing activity
is required to be brought to an end on the 30th day after the last day for lodging applications under the Hong Kong
Public Offering. Such stabilization action, if taken, may be effected in all jurisdictions where it is permissible to do
so, in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and
Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong), as amended, made under the Securities
and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that stabilizing action cannot be taken to support the price of the Class B Ordinary
Shares for longer than the stabilization period which begins on the Listing Date and is expected to expire on the
30th day after the last day for lodging applications under the Hong Kong Public Offering. After this date, no further
stabilizing action may be taken, and demand for the Class B Ordinary Shares and the price of the Class B Ordinary
Shares could fall.
Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf of the
Hong Kong Underwriters) shall be entitled to terminate the Hong Kong Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the section headed “Underwriting {  Underwriting Arrangements
and Expenses {  Hong Kong Public Offering {  Grounds for Termination ” in the Prospectus at any time prior to 8:00
a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Thursday, October 24, 2024).
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 Beneficiaries, 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 Shareholders ’ resolutions, irrespective of how other Shareholders vote. For further information
about the risks associated with our 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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Horizon Robotics
(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the
Global Offering
: 1,355,106,600 Offer Shares (subject to
 the Over-allotment Option)
Number of Hong Kong Offer Shares : 203,266,200 Offer Shares (as adjusted after
 reallocation)
Number of International Offer Shares : 1,151,840,400 Offer Shares (as adjusted
 after reallocation and subject to
 the Over-allotment Option)
Final Offer Price : HK$3.99 per Offer 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 : US$0.0000025 per Offer Share
Stock code : 9660
Joint Sponsors, Joint Sponsor-Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and
Joint Lead Manager
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunner and Joint Lead Manager
Joint Lead Managers


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HORIZONS ROBOTICS
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 October 16, 2024 (the “Prospectus ”) issued by
Horizon Robotics (the “Company ”).
SUMMARY
Company information
Stock code 9660
Stock short name HORIZONROBOT-W
Dealings commencement date October 24, 2024*
* see note at the end of the announcement
Price Information
Final Offer Price HK$3.990
Offer Price Range HK$3.730-HK$3.990
Offer Price Adjustment exercised No
Offer Shares and Share Capital*
Number of Offer Shares 1,355,106,600
Number of Offer Shares in Public Offer (after reallocation) 203,266,200
Number of Offer Shares in International Offer (after reallocation) 1,151,840,400
Number of issued Shares upon Listing 13,029,866,082
* without taking into account any exercise of the Over-allotment Option
Over-allocation
No. of Offer Shares over-allocated 203,265,600
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through
deferred delivery or a combination of these means. In the event the Over-allotment Option is
exercised, an announcement will be made on the Stock Exchange ’s website.


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Proceeds
Gross proceeds (Note) HK$5,407 million
 Less: Estimated listing expenses payable based on
 Final Offer Price
HK$(265) million
Net proceeds HK$5,142 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. In the
event that the Over-allotment Option is exercised in full, the Company intends to apply the additional net
proceeds to purposes and in the proportions stated in the section headed “Future Plans and Use of Proceeds ”
of the Prospectus. As of June 30, 2024, the Company incurred listing expenses of HK$46.8 million expensed
through the statement of profit or loss and expected HK$32.1 million to be charged to the statement of profit
or loss after the Track Record Period.
ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
No. of valid applications 28,115
No. of successful applications 28,115
Subscription level 33.83 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Public Offer 135,511,200
No. of Offer Shares reallocated from the International Offering
(claw-back)
67,755,000
Final no. of Offer Shares under the Public Offer
(after reallocation)
203,266,200
% of Offer Shares under the Public Offer to the Global Offering 15%
Note: For details of the final allocation of Class B Ordinary Shares to the Public Offer, investors can refer to  https://www.
hkeipo.hk/iporesult   to perform a search by name or identification number or  https://www.hkeipo.hk/iporesult   for
the full list of allottees.
INTERNATIONAL OFFER
No. of placees 163
Subscription Level 13.81 times
No. of Offer Shares initially available under the
International Offer
1,219,595,400
No. of Offer Shares reallocated to the Hong Kong
Public Offering (clawback)
67,755,000
Final no. of Offer Shares under the International Offer
(after reallocation)
1,151,840,400
% of Offer Shares under the International Offer to the
Global Offering
85%


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The Directors confirm that, to the best of their knowledge, information and belief, save for a
waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph
5(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
certain existing Shareholders and/or their close associates, (i) none of the Offer Shares subscribed
by the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, chief executive, 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, 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 Class B
Ordinary Shares registered in his/her/its name or otherwise held by him/her/it.
As the Hong Kong Public Offering has been over-subscribed by more than 13 times but less
than 46 times of the total number of Offer Shares initially available under the Hong Kong Public
Offering, the reallocation procedure as disclosed in the section headed “Structure of the Global
Offering – The Hong Kong Public Offering – Reallocation and Clawback ” in the Prospectus has
been applied. As a result of such reallocation, the final number of Offer Shares under the Hong
Kong Public Offering and the International Offering is adjusted to 203,266,200 Offer Shares
and 1,151,840,400 Offer Shares, representing 15% and 85% of the total number of Offer Shares
available under the Global Offering, respectively (without taking into account any exercise of the
Over-allotment Option).
The placees in the International Offer include the following:
Cornerstone Investors
Investor
No. of
Offer
Shares
allocated
% of total number
of Offer
Shares (1)
% of the Company ’s
total issued shares
immediately
following the
completion of the
Global Offering (1)(3)
Existing
shareholders or
their close
associates
Alisoft China Holding Limited 97,326,000 7.18% 0.75% No
Baidu (Hong Kong) Limited 97,326,000 7.18% 0.75% No
PARTICIPATIONS 1 19,266,600 1.42% 0.15% No
JSC International
Investment Fund SPC (acting for and
on behalf of Ning Bo Yong Ning Gao
Xin SP) (2)
213,805,200 15.78% 1.64% Yes
Total 427,723,800 31.56% 3.28%
Notes:
(1) Assuming the Over-allotment Option is not exercised.
(2) Ning Bo Yong Ning Gao Xin SP is an existing Shareholder and has entered into a cornerstone investment agreement with the Company. For further details
of the cornerstone investment, please refer to the section headed “Cornerstone Investors ” of the Prospectus. Ning Bo Yong Ning Gao Xin SP is also a close
associate of Shan Xin SP, an existing shareholder of the Company. Immediately following completion of the Global Offering, Ning Bo Yong Ning Gao Xin
SP will hold 507,453,805 Class B Ordinary Shares, representing 3.89% of the Company ’s total issued Shares and Shan Xin SP will hold 27,795,717 Class
B Ordinary Shares, representing 0.21% of the Company ’s total issued Shares. Please refer to the section headed “History, Reorganization and Corporate
Structure { Capitalization ” of the Prospectus for further details.
(3) Only taking into account the Class B Ordinary Shares allocated to the relevant investors under the Global Offering.


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Allotees with Waivers/Consents Obtained
Investor
No. of
Offer
Shares
allocated
% of Offer
Shares (1)
% of the Company ’s
total issued shares
immediately
following the
completion of the
Global Offering (1)(6) Relationship
Allotees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under paragraph 5(2) of the Placing
Guidelines in relation to subscription for Class B Ordinary Shares by existing Shareholders and/or their close associates (2)
JSC International Investment
Fund SPC (acting for and on
behalf of Ning Bo Yong Ning
Gao Xin SP) (3)
213,805,200 15.78% 1.64% A Cornerstone Investor and an existing
Shareholder.
HCEP Management Limited 8,210,400 0.61% 0.06%
A close associate of HSG Venture V
Holdco I, Ltd. and HSG Growth VI
Holdco E, Ltd., existing Shareholders.
Baillie Gifford Overseas Limited 507,000,000 37.41% 3.89%
A close associate of Scottish Mortgage
Investment Trust plc, an existing
Shareholder.
CloudAlpha Capital Management
Limited 4,926,600 0.36% 0.04% A close associate of CloudAlpha Master
Fund, an existing Shareholder.
Huangpu River Capital SPC 1,642,200 0.12% 0.01% An existing Shareholder.
CITIC Securities International
Capital Management Limited
(“CSI Capital ”) (4)
2,494,800 0.18% 0.02% A close associate of Pluto Connection
Limited, an Existing Shareholder.
Hel Ved Master Fund 1,642,200 0.12% 0.01% A close associate of Hel Ved Turbo
Investment V, an existing Shareholder.
Blackstone Aqua Master Sub-
Fund, a sub-fund of Blackstone
Global Master Fund ICAV
8,210,400 0.61% 0.06% An existing Shareholder.
Glory Assets Allocation II, L.P. 492,600 0.04% 0.004% An existing Shareholder.
Allotees with consent under paragraph 5(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations to connected clients (2)
CSI Capital (4) 2,494,800 0.18% 0.02%
A connected client of CLSA Limited
(“CLSA”). CSI Capital is a member of
the same group of companies as CLSA.
HSBC Global Asset
Management (Hong Kong)
Limited ( “HSBC AM ”) (5)
19,521,000 1.44% 0.15%
A connected client of The Hongkong
and Shanghai Banking Corporation
Limited ( “HSBC”). HSBC AM is a
fellow subsidiary of HSBC.


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Notes:
(1) Assuming the Over-allotment Option is not exercised.
(2) For details of (i) the consent under paragraph 5(1) of the Placing Guidelines and Chapter 4.15 of the Guide
for New Listing Applicants in relation to allocations to connected clients and (ii) the waiver from the strict
compliance with Rule 10.04 of the Listing Rules and consent under paragraph 5(2) of the Placing Guidelines
and Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations to existing shareholders
and/or their close associates, please refer to the sections headed “Others/Additional Information – Placing
to connected clients with a prior consent under paragraph 5(1) of the Placing Guidelines ” and “Others/
Additional Information – Placing to existing Shareholders and/or their close associates with a waiver from
the strict compliance with Rule 10.04 of the Listing Rules and a prior consent under paragraph 5(2) of the
Placing Guidelines ” in this announcement, respectively.
(3) Among the Cornerstone Investors, Ning Bo Yong Ning Gao Xin SP is an existing Shareholder. Ning Bo Yong
Ning Gao Xin SP is also a close associate of Shan Xin SP, an existing shareholder of the Company. The
Stock Exchange has granted a waiver from strict compliance with the requirements under Rule 10.04 of the
Listing Rules and consent under paragraph 5(2) of the Placing Guidelines to permit Class B Ordinary Shares
in the International Offering to be placed to Ning Bo Yong Ning Gao Xin SP. Please refer to the section
headed “Waivers and Exemptions – Waiver from Strict Compliance with Rule 10.04 of and Consent under
Paragraph 5(2) of Appendix F1 to the Listing Rules in respect of Subscriptions of Offer Shares by an Existing
Shareholder as Cornerstone Investor ” of the Prospectus for details.
(4) CSI Capital is a close associate of Pluto Connection Limited, an existing Shareholder, and a connected
client of CLSA Limited, which acts as one of the Overall Coordinators, Joint Global Coordinators, Joint
Bookrunners, Joint Lead Managers and Capital Market Intermediaries for the purpose of the Global Offering.
CSI Capital subscribed for the relevant Offer Shares on behalf of independent third parties on a non-
discretionary basis.
CSI Capital will act as the single counterparty of a back-to-back total return swap transaction (the “CSI
Back-to-back TRS ”) to be entered into by CSI Capital in connection with a total return swap order (the “CSI
Client TRS ”) placed by and fully funded by its ultimate clients (the “CSI Ultimate Clients ”), by which
CSI Capital will pass the full economic exposure of the Offer Shares to the CSI Ultimate Clients, which in
effect, CSI Capital will hold the beneficial interest of the Offer Shares on behalf of the CSI Ultimate Clients
on a non-discretionary basis. The CSI Ultimate Clients may exercise an early termination right to early
terminate the CSI Client TRS at any time from the trade date of the CSI Client TRS which should be on or
after the date on which the Offer Shares are listed on the Stock Exchange. Upon the final maturity or early
termination of the CSI Client TRS by the CSI Ultimate Clients, CSI Capital will dispose the Offer Shares on
the secondary market and the CSI Ultimate Clients will receive a final termination amount of the CSI Back-
to-back TRS which should have taken into account all the economic returns or economic loss in relation to
the Offer Shares and the fixed amount of transaction fees of the CSI Back-to-back TRS and the CSI Client
TRS. CSI Capital will not exercise the voting right of the Offer Shares during the tenor of the CSI Back-to-
back TRS.
To the best of CSI Capital ’s knowledge, after making all reasonable inquiries, each of the CSI Ultimate
Clients is a third party independent from each of the Company, CSI Capital, CLSA and the companies which
are members of the same group of CLSA.
(5) HSBC AM will hold the Offer Shares on a discretionary basis on behalf of independent third parties.
(6) Only taking into account the Class B Ordinary Shares allocated to the relevant investors under the Global
Offering.


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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 (1)
Last day subject to the
lock-up undertakings
Everest Robotics Limited (2) 1,733,612,127
Class A Ordinary Shares
13.30% October 23, 2025 (3)(4)
Subtotal 1,733,612,127
Class A Ordinary Shares
13.30%
Notes:
(1) Assuming the Over-allotment Option is not exercised.
(2) Everest Robotics Limited is held by Bigsur Robotics Limited as to 99% and Horizon Robotics, Inc. as to 1%.
Horizon Robotics, Inc. is wholly-owned by Dr. Yu. Bigsur Robotics Limited is wholly-owned by Trident
Trust Company (HK) Limited as the trustee of Rock Street Trust, the family trust established by Dr. Yu (as
settlor) for the benefit of Dr. Yu and his family.
(3) The relevant Listing Rule and guidance materials and the relevant provisions under the Hong Kong
Underwriting Agreement (i) impose certain lock-up restrictions on the Controlling Shareholders for the first
six-month period; and (ii) require the Controlling Shareholders not to dispose of or transfer Shares to the
effect that, immediately following any such transaction, any one of the Controlling Shareholders will cease
to be a Controlling Shareholder, during the second six-month period. For details, please refer to the sections
headed “Underwriting { Undertakings by the Controlling Shareholders to the Stock Exchange pursuant to
the Listing Rules ” and “Underwriting {  Undertakings by the Controlling Shareholders pursuant to the Hong
Kong Underwriting Agreement ” of the Prospectus.
(4) Everest Robotics Limited has executed a deed of lock-up undertaking in favor of the Company, the Joint
Sponsors and the Overall Coordinators pursuant to which it will not, and will procure its affiliates will
not, dispose of its Locked-up Securities from (and be inclusive of) the Listing Date and ending on the date
that is six months from the Listing Date. Furthermore, Dr. Yu, as one of the WVR Beneficiaries, has also
procured Everest Robotics Limited to undertake to the Company to retain all of its beneficial interests in
the Company ’s shares from the date falling on the end of six months from the Listing Date to one year from
the Listing Date, subject to limited exceptions. For details, please refer to the sections headed “History,
Reorganization and Corporate Structure {  Principal Terms of the Pre-IPO Investments ” and “Underwriting
{ Lock-up Arrangements {  Undertakings by all of our Shareholders as of the date of this Prospectus
pursuant to Lock-up Undertakings ” of the Prospectus.


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Existing 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 (1)
Last day subject to the
lock-up undertakings
String Theory Robotics Limited (2)
(3)(4)
390,777,143
Class A Ordinary Shares
3.00%  October 23, 2025 (3)(4)
Certain Pre-IPO Investors (3)(5) 434,281,221
Class B Ordinary Shares
3.33% October 23, 2025 (3)(5)
All other Shareholders as of the
date of the Prospectus (other
than Everest Robotics Limited,
String Theory Robotics Limited
and certain Pre-IPO Investors as
mentioned above) (3)
9,116,088,991
Class B Ordinary Shares
69.96% April 23, 2025 (3)
Subtotal 390,777,143
Class A Ordinary Shares
9,550,370,212
Class B Ordinary Shares
76.30%
Notes:
(1) Assuming the Over-allotment Option is not exercised.
(2) String Theory Robotics Limited is held by Gravitational Wave Technology Limited as to 99% and Grace
Robotics, Inc. as to 1%. Grace Robotics, Inc. is wholly-owned by Dr. Huang. Gravitational Wave Technology
Limited is wholly-owned by the trustee of Gravitational Wave Trust, the family trust established by Dr.
Huang (as settlor) for the benefit of Dr. Huang and his family.
(3) Each of the existing Shareholders as of the date of the Prospectus has entered into a deed of lock-up
undertakings in favor of the Company, the Joint Sponsors and the Overall Coordinators pursuant to which
certain lock-up restrictions have been imposed on its Locked-up Securities from (and be inclusive of) the
Listing Date and ending on the date that is six months from the Listing Date. For details, please refer to the
section headed “Underwriting {  Lock-up Arrangements {  Undertakings by all of our Shareholders as of the
date of this Prospectus pursuant to Lock-up Undertakings ” of the Prospectus.
(4) String Theory Robotics Limited has executed a deed of lock-up undertaking in favor of the Company, the
Joint Sponsors and the Overall Coordinators pursuant to which it will not, and will procure its affiliates will
not, dispose of its Locked-up Securities from (and be inclusive of) the Listing Date and ending on the date
that is six months from the Listing Date. Furthermore, Dr. Huang, as one of the WVR Beneficiaries, has also
procured String Theory Robotics Limited to undertake to the Company to retain all of its beneficial interests
in the Company ’s shares from the date falling on the end of six months from the Listing Date to one year
from the Listing Date, subject to certain limited exceptions. For details, please refer to the sections headed
“History, Reorganization and Corporate Structure {  Principal Terms of the Pre-IPO Investments ” and
“Underwriting { Lock-up Arrangements {  Undertakings by all of our Shareholders as of the date of this
Prospectus pursuant to Lock-up Undertakings ” of the Prospectus.
(5) Certain of the Pre-IPO Investors (i.e. Wu Capital Limited, Bright Rhythm Limited, Everbay Investment
Limited, Grace Future Development Limited and Intel Capital Corporation), in aggregate and together with
the WVR Beneficiaries (comprising Dr. Yu and Dr. Huang), held a total of approximately 22% in the issued
share capital of the Company as of the date of the Prospectus. Apart from the deed of lock-up undertaking
as referred to in item (3) above, they have also undertaken to the Company to retain all of their beneficial
interests in the Company ’s shares for 12 months from the Listing Date, subject to certain conditions (as
applicable, including but not limited to Everest Robotics Limited, String Theory Robotics Limited and
HOPE Robotics Holdings Inc. do not sell Shares held by them immediately prior to Listing for a period
of no less than 12 months from the Listing Date). For details, please refer to the sections headed “History,
Reorganization and Corporate Structure {  Principal Terms of the Pre-IPO Investments ” of the Prospectus.


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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 (1)
Last day subject to the
lock-up undertakings
Alisoft China Holding Limited 97,326,000 0.75% April 23, 2025 (2)
Baidu (Hong Kong) Limited 97,326,000 0.75% April 23, 2025 (2)
PARTICIPATIONS 1 19,266,600 0.15% April 23, 2025 (2)
JSC International Investment Fund
SPC (acting for and on behalf of
Ning Bo Yong Ning Gao Xin SP)
213,805,200 1.64% April 23, 2025 (2)
Subtotal 427,723,800 3.28%
Notes
(1) Assuming the Over-allotment Option is not exercised.
(2) Each of the Cornerstone Investors shall not dispose of any of the Offer Shares acquired in the Global Offering
during the period of six months from and including the Listing Date save for certain limited circumstances
pursuant to the relevant Cornerstone Investment Agreements. For details, please refer to the section headed
“Cornerstone Investors – Restrictions on the Cornerstone Investors ” of the Prospectus.


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PLACEE CONCENTRATION ANALYSIS
Placees
Number of Class
B Ordinary
Shares allotted
Allotment as %
of International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is
exercised and new
Class B Ordinary
Shares are issued)
Allotment as %
of total Offer
Shares (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
total Offer Shares
(assuming the
Over-allotment
Option is
exercised and new
Class B Ordinary
Shares are issued)
Number of Shares
held upon Listing
% of total issued
share capital upon
Listing (assuming
no exercise of the
Over-allotment
Option)
% of total issued
share capital upon
Listing (assuming
the Over-
allotment Option
is exercised and
new Class B
Ordinary Shares
are issued)
Top 1 507,000,000 44.02% 37.41% 37.41% 32.53% 613,906,601 4.71% 4.64%
Top 5 985,784,400 85.58% 72.75% 72.75% 63.26% 1,414,135,323 10.85% 10.69%
Top 10 1,083,135,000 94.04% 79.93% 79.93% 69.50% 1,511,485,923 11.60% 11.42%
Top 25 1,220,986,200 106.00% 90.10% 90.10% 78.35% 2,021,546,430 15.51% 15.28%
Notes
* Ranking of placees is based on the number of Class B Ordinary Shares allotted to the placees.
Total issued share capital upon Listing includes share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company,
please refer to the “Share Capital ” section of the Prospectus.


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CLASS B ORDINARY SHAREHOLDERS CONCENTRATION ANALYSIS
Class B
Ordinary
Shareholders*
Number of Class B
Ordinary allotted
Allotment as %
of International
Offering (assuming
no exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering (assuming
the Over-allotment
Option is exercised
and new Class B
Ordinary Shares
are issued)
Allotment as %
of total Offer
Shares (assuming
no exercise of the
Over-allotment
Option)
Allotment as % of
total Offer Shares
(assuming the
Over-allotment
Option is
exercised and new
Class B Ordinary
Shares are issued)
Number of Class B
Ordinary Shares
held upon Listing
% of total issued
Class B Ordinary
Shares capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total issued
Class B Ordinary
Shares capital
upon Listing
(assuming the
Over-allotment
Option is
exercised and new
Class B Ordinary
Shares are issued)
Number of Shares
held upon Listing
Top 1 0 0.00% 0.00% 0.00% 0.00% 1,025,310,055 9.40% 9.23% 1,025,310,055
Top 5 507,000,000 44.02% 37.41% 37.41% 32.53% 3,731,703,993 34.22% 33.59% 3,731,703,993
Top 10 729,015,600 63.29% 53.80% 53.80% 46.78% 5,417,010,163 49.67% 48.76% 5,417,010,163
Top 25 923,667,600 80.19% 68.16% 68.16% 59.27% 7,512,996,974 68.89% 67.63% 7,512,996,974
Notes
* Ranking of Class B Ordinary Shareholders is based on the number of Class B Ordinary Shares held by the Class B Ordinary Shareholders upon Listing.
Total issued share capital upon Listing includes share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company,
please refer to the “Share Capital ” section of the Prospectus.


--- page 13 ---
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of Class
B Ordinary
Shares allotted
Allotment as %
of International
Offering
(assuming no
exercise of the
Over-allotment
Option)
Allotment as %
of International
Offering
(assuming the
Over-allotment
Option is
exercised and
new Class B
Ordinary Shares
are issued)
Allotment as %
of total Offer
Shares (assuming
no exercise of the
Over-allotment
Option)
Allotment as %
of total Offer
Shares (assuming
the Over-
allotment Option
is exercised and
new Class B
Ordinary Shares
are issued)
Number of Class
B Ordinary
Shares held upon
Listing
Number of Class
A Ordinary
Shares held upon
Listing
Number of
Shares held upon
Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is
exercised and
new Class B
Ordinary Shares
are issued)
Top 1 0 0.00% 0.00% 0.00% 0.00% 0 1,733,612,127 1,733,612,127 13.30% 13.10%
Top 5 507,000,000 44.02% 37.41% 37.41% 32.53% 3,185,386,432 1,733,612,127 4,918,998,559 37.75% 37.17%
Top 10 729,015,600 63.29% 53.80% 53.80% 46.78% 4,929,500,949 2,124,389,270 7,053,890,219 54.14% 53.30%
Top 25 729,015,600 63.29% 53.80% 53.80% 46.78% 7,318,344,974 2,124,389,270 9,442,734,244 72.47% 71.36%
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 share class(es) with weighted-voting rights. For details on the weighted voting rights structure of the Company,
please refer to the “Share Capital ” section of the Prospectus.


--- page 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:
Number
of shares
applied for
Number
of valid
applications
Pool A Approximate
percentage
allotted of the
total number of
shares applied
forBasis of allocation/ballot
600 3,975 600 shares 100.00%
1,200 1,317 600 shares plus 499 out of 1,317 applicants to receive an additional
600 shares
68.94%
1,800 1,696 600 shares plus 1,124 out of 1,696 applicants to receive an additional
600 shares
55.42%
2,400 567 600 shares plus 511 out of 567 applicants to receive an additional
600 shares
47.53%
3,000 916 1,200 shares plus 98 out of 916 applicants to receive an additional
600 shares
42.14%
3,600 231 1,200 shares plus 68 out of 231 applicants to receive an additional
600 shares
38.24%
4,200 153 1,200 shares plus 71 out of 153 applicants to receive an additional
600 shares
35.20%
4,800 247 1,200 shares plus 153 out of 247 applicants to receive an additional
600 shares
32.74%
5,400 159 1,200 shares plus 122 out of 159 applicants to receive an additional
600 shares
30.75%
6,000 838 1,200 shares plus 757 out of 838 applicants to receive an additional
600 shares
29.03%
9,000 378 1,800 shares plus 190 out of 378 applicants to receive an additional
600 shares
23.35%
12,000 2,416 2,400 shares 20.00%
15,000 274 2,400 shares plus 120 out of 274 applicants to receive an additional
600 shares
17.75%
18,000 198 2,400 shares plus 164 out of 198 applicants to receive an additional
600 shares
16.09%


--- page 15 ---
Number
of shares
applied for
Number
of valid
applications
Pool A Approximate
percentage
allotted of the
total number of
shares applied
forBasis of allocation/ballot
21,000 177 3,000 shares plus 33 out of 177 applicants to receive an additional
600 shares
14.82%
24,000 3,401 3,000 shares plus 1,742 out of 3,401 applicants to receive an
additional 600 shares
13.78%
27,000 185 3,000 shares plus 152 out of 185 applicants to receive an additional
600 shares
12.94%
30,000 635 3,600 shares 12.00%
45,000 2,967 4,200 shares plus 1,106 out of 2,967 applicants to receive an
additional 600 shares
9.83%
60,000 744 4,800 shares plus 313 out of 744 applicants to receive an additional
600 shares
8.42%
75,000 353 5,400 shares plus 120 out of 353 applicants to receive an additional
600 shares
7.47%
90,000 590 6,000 shares plus 92 out of 590 applicants to receive an additional
600 shares
6.77%
105,000 430 6,000 shares plus 389 out of 430 applicants to receive an additional
600 shares
6.23%
120,000 482 6,600 shares 5.50%
135,000 413 7,200 shares 5.33%
150,000 1,566 7,800 shares 5.20%
300,000 599 10,800 shares 3.60%
450,000 200 12,600 shares 2.80%
600,000 452 14,400 shares 2.40%
750,000 125 16,200 shares 2.16%
900,000 128 17,400 shares 1.93%
1,050,000 52 19,200 shares 1.83%
1,200,000 231 21,600 shares 1.80%
Total 27,095 Total number of Pool A successful applicants: 27,095


--- page 16 ---
Number
of shares
applied for
Number
of valid
applications
Pool B Approximate
percentage
allotted of the
total number of
shares applied
forBasis of allocation/ballot
1,350,000 464 52,200 shares plus 348 out of 464 applicants to receive an additional
600 shares
3.90%
1,500,000 260 58,200 shares plus 55 out of 260 applicants to receive an additional
600 shares
3.89%
3,000,000 181 114,600 shares 3.82%
4,500,000 40 170,400 shares 3.79%
6,000,000 24 225,000 shares 3.75%
7,500,000 6 279,000 shares 3.72%
9,000,000 8 334,200 shares 3.71%
10,500,000 9 388,200 shares 3.70%
12,000,000 6 442,800 shares 3.69%
13,500,000 2 496,200 shares 3.68%
15,000,000 15 549,600 shares 3.66%
30,000,000 2 1,080,600 shares 3.60%
67,755,600 3 2,394,600 shares 3.53%
Total 1,020 Total number of Pool B successful applicants: 1,020
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 Class B Ordinary 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.


--- page 17 ---
OTHERS/ADDITIONAL INFORMATION
Reallocation
The Company has applied for, and the Stock Exchange has granted the Company, a waiver from
strict compliance with Paragraph 4.2 of Practice Note 18 of the Listing Rules. As the Hong Kong
Public Offering has been over-subscribed by more than 13 times but less than 46 times of the total
number of Offer Shares initially available under the Hong Kong Public Offering, the reallocation
procedure as disclosed in the section headed “Structure of the Global Offering – The Hong Kong
Public Offering – Reallocation and Clawback ” in the Prospectus has been applied. The number of
Offer Shares initially available under the Hong Kong Public Offering is 135,511,200 Offer Shares,
representing 10% of the total number of Offer Shares initially available under the Global Offering.
As a result of such reallocation, the final number of Offer Shares under the Hong Kong Public
Offering and the International Offering is adjusted to 203,266,200 Offer Shares and 1,151,840,400
Offer Shares, representing 15% and 85% of the total number of Offer Shares available under the
Global Offering, respectively (without taking into account any exercise of the Over-allotment
Option).
Placing to connected clients with a prior consent under paragraph 5(1) of the Placing
Guidelines
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a consent
under paragraph 5(1) of the Placing Guidelines to permit the Company to allocate such Offer
Shares in the International Offering to the connected clients namely, CSI Capital and HSBC AM.
The allocation of Offer Shares to such connected clients is in compliance with all the conditions
under the consent granted by the Stock Exchange.
For details of the allocations of Offer Shares to connected clients, please refer to the section headed
“Allotment Results Details – International Offer – Allotees with Waivers/Consents Obtained ” in
this announcement.
Placing to existing Shareholders and/or their close associates with a waiver from the strict
compliance with Rule 10.04 of the Listing Rules and a prior consent under paragraph 5(2) of
the Placing Guidelines
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a waiver
from the strict compliance with Rule 10.04 of the Listing Rules and a  consent under paragraph
5(2) of the Placing Guidelines to permit the Company to allocate such Offer Shares in the
International Offering to the existing Shareholders and/or their close associates listed above.
The allocation of Offer Shares to such existing Shareholders and/or their close associates is in
compliance with all the conditions under the waiver/consent granted by the Stock Exchange,
including but not limited to (i) each of such existing Shareholders, together with its close
associate(s) (if applicable), has less than 5% of the Company ’s voting rights prior to the Listing,
and (ii) each of such existing Shareholders or its respective close associate (if applicable) is not or
will not be a core connected person of the Company or its close associate upon Listing.
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 Offer – Allotees with
Waivers/Consents Obtained ” in this announcement.


--- page 18 ---
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 in the United States.
The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined
in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under
the U.S. Securities Act and (2) outside the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or offer
to acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
investors should read the Prospectus dated October 16, 2024 issued by Horizon Robotics for
detailed information about the Global Offering described below before deciding whether or not
to invest in the Class B Ordinary 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 – 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 October 24, 2024).


--- page 19 ---
PUBLIC FLOAT
Upon Listing, approximately 73.23% of the total issued share capital of the Company (before any
exercise of the Over-allotment Option) will be counted towards the public float, satisfying the
minimum percentage prescribed by Rule 8.08 of the Listing Rules.
The Directors also confirm that (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 of the Company upon Listing (before any exercise of
the Over-allotment Option); (iii) the three largest public Shareholders do not hold more than 50%
of the Class B Ordinary Shares held in public hands at the time of the Listing in compliance with
Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300 Shareholders at the
time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
Share certificates for the Offer Shares will only become valid at 8:00 a.m. on Thursday, October
24, 2024 (Hong Kong time), provided that the Global Offering has become unconditional in all
respects at or before that time and the right of termination described in the paragraph headed
“Underwriting – Underwriting Arrangements and Expenses – Hong Kong Public Offering –
Grounds for Termination ” in the Prospectus has not been exercised. Investors who trade the Class
B Ordinary 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.
Assuming that the Global Offering becomes unconditional in all respects at or before 8:00 a.m.
on Thursday, October 24, 2024 (Hong Kong time), dealings in the Class B Ordinary Shares on
the Stock Exchange are expected to commence at 9:00 a.m. on Thursday, October 24, 2024 (Hong
Kong time). The Class B Ordinary Shares will be traded in board lots of 600 Class B Ordinary
Shares each. The stock code of the Class B Ordinary Shares is 9660.
By order of the Board
Horizon Robotics
Dr. Kai Yu
Chairman and Executive Director
Hong Kong, October 23, 2024
As at the date of this announcement, the board of directors of the Company comprises (i) Dr.
Kai Yu, Dr. Chang Huang, Ms. Feiwen Tao and Dr. Liming Chen as executive directors; (ii) Mr.
Liang Li, Mr. Qin Liu, Dr. André Stoffels and Dr. Juehui Zhang as non-executive directors; (iii)
Dr. Ya-Qin Zhang as independent non-executive director; and (iv) Mr. Xin Zhang as director.
The appointment of Dr. Jun Pu, Mr. Yingqiu Wu and Dr. Katherine Rong XIN as the independent
non-executive directors shall take effect upon the Listing.
