--- 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 in this announcement, capitalized terms used herein shall have the same meanings as those defined in the prospectus dated October 31, 2024 (the “Prospectus ”) issued by AuGroup (SHENZHEN) Cross-Border Business Co., Ltd. ( ශਿ(ଉέ)ʮ̡ ) (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 Global Offering described below before deciding whether or not to invest in the H Shares. Any investment decision in relation to the Offer Shares should be taken solely in reliance on the information provided in the Prospectus. This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not, and is not intended to, constitute or form a part of any offer to sell or solicitation to purchase or subscribe for any securities in the United States or in any other jurisdiction. The Offer Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act ”) or securities law of any state or other jurisdiction of the United States and may not be offered, sold, pledged or otherwise transferred within the United States, except pursuant to an available exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws. There will be no public offer of the Offer Shares in the United States. The Offer Shares are being offered and sold solely outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act. In connection with the Global Offering, Huatai Financial Holdings (Hong Kong) Limited as stabilizing manager (the “Stabilizing Manager ”), its affiliates 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 Shares at a level higher than that which might otherwise prevail in an open market for a limited period after the Listing Date. However, there is no obligation on the Stabilizing Manager, its affiliates or any person acting for it, to conduct any such stabilizing action, which, if commenced, will be conducted at the sole and absolute discretion of the Stabilizing Manager, its affiliates or any person acting for it, 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 date for lodging applications under the Hong Kong Public Offering. Such stabilization action, if commenced, 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 actions cannot be taken to support the price of the Shares for longer than the stabilization period which will begin 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 (which is Thursday, December 5, 2024). After this date, no further stabilizing action may be taken, and demand for the Shares and therefore the price of the Shares could fall. Potential investors of the Offer Shares should note that the Sole Sponsor and 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 Friday, November 8, 2024). In connection with the Global Offering, the Company is expected to grant the Over-allotment Option to the International Underwriters, exercisable by the Overall Coordinators (for themselves and on behalf of the International Underwriters). Pursuant to the Over-allotment Option, the International Underwriters will have the right, exercisable by the Overall Coordinators (for themselves and on behalf of the International Underwriters) at any time from the Listing Date until 30 days after the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, December 5, 2024), to require the Company to issue and allot up to an additional 4,484,100 H Shares, representing 15% of the total number of Offer Shares initially available under the Global Offering, at the Offer Price, to cover over-allocations in the International Offering, if any. --- page 2 --- AuGroup (SHENZHEN) Cross-Border Business Co., Ltd. ශਿ ( ଉέ )ʮ̡ (A joint stock company incorporated in the People ’s Republic of China with limited liability) GLOBAL OFFERING Number of Offer Shares under the Global Offering : 29,894,700 H Shares (subject to the Over- allotment Option) Number of Hong Kong Offer Shares : 8,968,500 H Shares (as adjusted after reallocation) Number of International Offer Shares : 20,926,200 H Shares (as adjusted after reallocation and subject to the Over- allotment Option) Final Offer Price : HK$15.60 per H Share, plus brokerage of 1.0%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015%, and Hong Kong Stock Exchange trading fee of 0.00565% (payable in full on application in Hong Kong dollars and subject to refund) Nominal value : RMB1.00 per H Share Stock code : 02519 Sole Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers Joint Bookrunner and Joint Lead Manager --- page 3 --- 1 AuGroup (SHENZHEN) Cross-Border Business Co., Ltd./傲基(深圳)跨境商務股份有限 公司 ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS Unless otherwise defined herein, ca pitalised terms used in this announc ement shall have the same meanings as those defined in the prospect us dated October 31, 2024 (the “ Prospectus”) issued by AuGroup (SHENZHEN) Cross-Border Business Co., Ltd. (傲基(深圳)跨境商務股份有限公司) (the “Company”). Warning: In view of high concen tration of shareholding in a small number of H Share Shareholders, H Share 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 *see note at the end of the announcement The number of offer shares above is determined after taking into account the additional shares issued under the following Offer Size Adjustment Option Over-allocation No. of Offer Shares over-allocated 4,484,100 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. Company information Stock code 02519 Stock short name AUGROUP Dealings commencement date November 8, 2024* Price Information Final Offer Price HK$15.60 Offer Price Range HK$14.56 - HK$15.60 Offer Price Adjustment exercised No Offer Shares and Share Capital Number of Offer Shares 29,894,700 Number of Offer Shares in Hong Kong Public Offering (after reallocation) 8,968,500 Number of offer shares in International Offering (after reallocation) 20,926,200 Number of issued shares upon Listing (assuming the Over- allotment Option is not exercised) 415,205,916 Offer Size Adjustment Option (Upsize option) Number of additional shares issued under the option 0 - Hong Kong Public Offering 0 - International Offering 0 --- page 4 --- 2 Note: Gross proceeds refers to the amount to which the issuer is entitled to receive, assuming the Over- allotment Option is not exercised. For details of the use of proceeds, please refer to the section headed "Future Plans and Use of Proceeds" in the Prospectus. Proceeds Gross proceeds (Note) HK$ 466.4 million Less: Estimated listing expenses payable based on Final Offer Price HK$ 78.8 million Net proceeds HK$ 387.5 million ALLOTMENT RESULTS DETAILS PUBLIC OFFER Number of valid applications 5,570 Number of successful applications 4,896 Subscription level 17.74 times Claw-back triggered Yes Number of Offer Shares initially available under the Hong Kong Public Offering 2,989,500 Number of Offer Shares reallocated from the International Offering (claw-back) 5,979,000 Final number of Offer Shares under the Hong Kong Public Offering (after reallocation) 8,968,500 % of final Offer Shares under the Hong Kong Public Offering to the Global Offering 30% Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to https://www.hkeipo.hk/iporesult to perform a search by identification number or https://www.hkeipo.hk/iporesult for the full list of allottees. INTERNATIONAL OFFERING Number of placees 120 Subscription Level 2.45 times Number of Offer Shares initially available under the International Offering 26,905,200 Number of Offer Shares reallocated to the Hong Kong Public Offering (claw-back) 5,979,000 Final number of Offer Shares under the International Offering 20,926,200 % of final Offer Shares under the International Offering to the Global Offering 70% The Directors confirm that, to the best of their knowledge, information and belief, save for waivers from strict compliance with Rule 10.04 of the Listing Rules and consents under paragraphs 5(1) and 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 Internat ional Offering to certain existing shareholders 1 and to Huatai 1 For details, please see "Others / Additional information " in this announcement. --- page 5 --- 3 Capital Investment Limited (" Huatai Capital ") and CITIC Securities Inte rnational Capital Management Limited ("CSI"), to subscribe for and hold the relevant Offer Shares on a non-discretionary basis on behalf of their respective ultimate clients 2, (i) none of the Offer Shares subscr ibed by the placees and the public have been financed directly or indirectly by the Company, any of the Directors, Supervisors, chief executive of the Company, controlling shareholders, substantial shareholders, existing shareholders of the Company or any of its subsidiaries or their respectiv e close associates; and (ii) none of the placees and the public who have purchased the Offer Shares are accust omed to taking instructions from the Company, any of the Directors, Supervisors, chief executive of the Company, controlli ng shareholders, substantial shareholders, existing shareholders of the Company or any of its subsidiaries or their respective close asso ciates in relation to the acquisition, disposal, voting or other disposition of H Shares registered in his/her/its name or otherwise held by him/her/it. The placees in the International Offering include the following: Cornerstone Investors Investor Number of Offer Shares allocated % of Offer Shares (assuming the Over- allotment Option is not exercised) % of total issued H Shares after the Global Offering % of total issued share capital after the Global Offering (assuming the Over-allotment Option is not exercised) Existing shareholders or their close associates Hongkong Valsun Technology Limited (香港華 成雲商科技有 限公司) ("Valsun Technology") 3,487,500 11.67% 1.53% 0.84% Yes LC Logistics, Inc. (樂艙物 流股份有限 公司) ("LC Logistics") 1,602,300 5.36% 0.70% 0.39% Yes Ms. Wong, Ka Wai Vivian ("Ms. Wong") 1,923,000 6.43% 0.84% 0.46% No Total 7,012,800 23.46% 3.08% 1.69% Allotees with waivers/consents obtained 2 For details, please see "Others / Additional information " in this announcement. --- page 6 --- 4 Invest or Number of Offer Shares allocated % of Offer Shares (assuming the Over- allotment Option is not exercised) % of total issued H Shares after the Global Offering % of total issued share capital after the Global Offering (assumin g the Over- allotment Option is not exercised) Relationship Valsun Technology 3,487,500 11.67% 1.53% 0.84% Valsun Technology is a close associate of an existing shareholder of the Compan y. Note 1 LC Logistics 1,602,300 5.36% 0.70% 0.39% LC Logistics is a close associate of an existing shareholder of the Compan y. Note 2 Ms. Yao Huiqiong ( 姚慧瓊) ("Ms. Yao") 818,100 2.74% 0.36% 0.20% Ms. Yao is an existing shareholder of the Company. Note 3 Huatai Capital 747,300 2.50% 0.33% 0.18% Huatai Capital is a connected client of Huatai Financial Holdings (Hong Kong) Limited ("Huatai Financial") by virtue of both of them being indirect wholly-owned subsidiaries of Huatai Securities Co., Ltd. Note 4 CSI 99,000 0.33% 0.04% 0.02% CSI is a connected client of CLSA Limited (“CLSA”) by virtue of both of them being indirect wholly-owned subsidiaries of CITIC Securities Co., Ltd. Note 5 Total 6,754,200 22.59% 2.97% 1.63% Notes: 1. The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04 of the Listing Rules and a written consent under Paragraph 5(2) of the Placing Guidelines in relati on to allocation to Valsun Technology, a close associate of an existing shareholder and pr e-IPO investor of the Company, Sailvan Times. Please refer to the “Waivers from Strict Compliance with the Listing Rules” section in the Prospectus for further detail s. The allocation of Offer Shares to Valsun Technology is in compliance with all the c onditions under the waiver and consent --- page 7 --- 5 granted by the Stock Exchange. 2. The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04 of the Listing Rules and a written consent under Paragraph 5(2) of the Placing Guidelines in relation to allocation to LC Logistics, a close associate of an existing shareholder of the Company, Ms. Li Yan ( 李豔). Please refer to the “Waivers from Strict Compliance with the Listing Rules” section in the Prospectus for further details. The allocation of Offer Shares to LC Logistics is in compliance with all the conditions under the waiver and consent granted by the Stock Exchange. 3. Ms. Yao is an existing shareholder of the Com pany. The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04 of the Listing Rules and a written consent under paragraph 5(2) of the Placing Guidelines to permit th e Company to allocate such Offer Shares in the International Offering to Ms. Yao. The a llocation of Offer Shares to Ms. Yao is in compliance with all the conditions under the waiver and consent granted by the Stock Exchange. For details, please refer to the section headed “Others / Additional Information” in this announcement below. 4. Huatai Capital subscribed for the relevant Offer Shares as a placee under the International Placing, which will be held on behalf of an independent third party on a non-discretionary basis. For details, refer to the section headed “Others / Additional Information” in this announcement below. 5. CSI subscribed for the relevant Offer Shares as a placee under the International Placing, which will be held on behalf of an independent third party on a non- discretionary basis. For detail s, refer to the section he aded “Others / Additional Information”in this announcement below. LOCK-UP UNDERTAKINGS Single Largest Shareholders Group Name Number of shares held in the Company subject to lock- up undertakings upon listing % of total issued H- shares after the Global Offering subject to lock-up undertakings upon listing % of shareholding in the Company subject to lock-up undertakings upon listing (assuming the Over-allotment Option is not exercised) Last day subject to the lock-up undertakings Mr. Lu Haizhuan ( 陸海傳) ("Mr. Lu")Notes 1, 3 70,783,101 (including 28,313,240 H Shares) 12.43% 17.05% Novemb er 7, 2025 Note 4 Mr. Ze Kuaiyue ( 迮會越)("Mr. Ze")Notes 1, 3 43,213,194 (including 10,800,000 H Shares) 4.74% 10.41% Novemb er 7, 2025 Note 4 --- page 8 --- 6 Yueqing Aoji Growth IV Enterprise Management Partnership (Limited Partnership) (樂清市 傲基成長肆號企業 管理合夥企業(有限 合夥)) ("Yueqing Aoji Growth IV") Notes 1, 2, 3 4,087,750 (including 123,000 H Shares) 0.05% 0.98% N ovember 7, 2025 Note 4 Subtotal 118,084,045 17.2 3% 28.44% Notes: 1. Immediately before completion of the Global Offering, Mr. Lu (directly and through Yueqing Aoji Growth IV, an entity controlled by Mr. Lu) and Mr. Ze owned 19.43% and 11.22% of the issued share capital of the Company, respectively, and pursuant to the concer t party agreement entered into by Mr. Lu and Mr. Ze on March 6, 2015 and renewed on March 1, 2019, together they are collectively entitled to exercise control of approximately 30.65% voting powers of the Company. Immediately fo llowing the comple tion of the Global Offering (assuming the Over-allotment Option is not exercised), Mr. Lu, Mr. Ze and Yueqing Aoji Growth IV will hold approximately 28.44% of the enlarged issued share capital of the Company. Accordingly, Mr. Lu, Mr. Ze and Yueqing Aoji Growth IV are the Single Largest Shareholders Group upon Listing. 2. Yueqing Aoji Growth IV is owned as to approximately i) 96.43% by Mr. Lu as its executive partner and ii) 3.01% by Mr. Hu Dianfeng ( 胡典峰), the brother- in law of Mr. Lu; and iii) 0.56% by Ms. Lu Ji ( 陸冀), the sister of Mr. Lu. As Mr. Hu Dianfeng and Ms. Lu Ji are not involved in the management of Yueqing Aoji Growth IV, and are only entitled to the passive economic interest in Yueqing Aoji Growth IV, Mr. Hu Dianfeng and Ms. Lu Ji should not be treated as Single Largest Shareholders Group of the Company. 3. Pursuant to the concert party agreement, each of Mr. Lu, Mr. Ze and Yueqing Aoji Growth IV is deemed to be interested in the interest of each other under the SFO. 4. The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Laws. In accordance with the relevant Lis ting Rules/guidance materials, the required lock-up for exis ting Shareholders ends on November 7, 2025, being 12 months following the Listing Date. Directors Name Number of shares held in the Company subject to lock-up undertakings upon listing % of total issued H Shares after the Global Offering subject to lock-up undertakings upon Listing (assuming the % of shareholding in the Company subject to lock-up undertakings upon listing (assuming the Over-allotment Option is not exercised) Last day subject to the lock-up undertakings Note 1 --- page 9 --- 7 Over-allotment Option is not exercised) Lu Songdu / 陸頌督 18,693,490 (including 7,300,000 H Shares) 3.21% 4.50% November 7, 2025 Zhuang Liyan / 莊麗 艷 7,019,095 (including 3,650,644 H Shares) 1.60% 1.69% November 7, 2025 Subtotal 25,712,585 4.81% 6.19% Notes: 1. The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. Pre-IPO Investors (as defined in the "History, Development and Corporate Structure" section of the Prospectus) Name Number of shares held in the Company subject to lock-up undertakings upon listing % of total issued H Shares after the Global Offering subject to lock-up undertakings upon Listing (assuming the Over-allotment Option is not exercised) % of shareholding in the Company subject to lock-up undertakings upon listing (assuming the Over-allotment Option is not exercised) Last day subject to the lock-up undertakingsNote 1 Shenzhen Capital Group Co., Ltd. (深 圳市創新投資集團 有限公司) 34,491,368 (including 34,491,368 H Shares) 15.15% 8.31% November 7, 2025 Ningbo HongShan Baosheng Equity Investment Partnership (Limited Partnership) (寧波紅 杉保盛股權投資合夥 企業(有限合夥)) 25,799,996 (including 12,899,998 H Shares) 5.67% 6.21% November 7, 2025 Starquest New Economy Equity Investment Fund (Shenzhen) L.P. (星界 15,968,407 (including 15,968,407 H Shares) 7.01% 3.85% November 7, 2025 --- page 10 --- 8 新經濟股權投資基金 (深圳)合夥企業(有限 合夥)) Gongqingcheng Greenwoods Jing’an Investment Management Partnership (Limited Partnership) (共青城 景林景安投資管理合 夥企業(有限合夥)) 14,259,899 (including 9,506,599 H Shares) 4.18% 3.43% November 7, 2025 CITIC Securities Investment Co., Ltd ( 中信証券投資有限公 司) 6,450,000 (including 6,450,000 H Shares) 2.83% 1.55% November 7, 2025 Zhuhai Wendi Design Consulting Co., Ltd. (珠海溫迪設計諮詢 有限公司) 4,381,638 (including 372,460 H Shares) 0.16% 1.06% November 7, 2025 Zhuhai Wendi Technology Co., Ltd. (珠海温迪科技有限 公司) 4,285,276 (including 364,269 H Shares) 0.16% 1.03% November 7, 2025 NewTrails SPV I Limited 4,221,592 N/A 1.02% November 7, 2025 Guangdong Midea Intelligent Technology Industry Investment Fund Management Center (Limited Partnership) (廣東美的智能科技 產業投資基金管理中 心(有限合夥)) 3,885,000 (including 1,942,500 H Shares) 0.85% 0.94% November 7, 2025 Zhuhai Yinshan Modern Logistics Industry Equity Investment Fund (Limited Partnership) (珠海隱山現代物流 產業股權投資基金( 有限合夥)) 3,682,950 (including 3,682,950 H Shares) 1.62% 0.89% November 7, 2025 Sailvan Times Co., Ltd. (賽維時代科技 股份有限公司)Note 2 1,785,532 (including 1,785,532 H Shares) 0.78% 0.43% November 7, 2025 Wuhan Shunying Equity Investment Partnership (Limited Partnership) (武漢順 1,726,932 (including 863,466 H Shares) 0.38% 0.42% November 7, 2025 --- page 11 --- 9 贏股權投資合夥企業 (有限合夥)) Suzhou Cathay Growth Investment Fund Partnership (Limited Partnership) (蘇州凱輝成長投資 基金合夥企業(有限 合夥)) 1,143,556 (including 1,143,556 H Shares) 0.50% 0.28% November 7, 2025 Zhejiang SilkRoad Industrial Investment Fund Partnership (Limited Partnership) (浙江絲路產業投資 基金合夥企業(有限 合夥)) 500,000 (including 500,000 H Shares) 0.22% 0.12% November 7, 2025 Ningbo Meishan Free Trade Port Zone Hongdao Zhixin Investment Management Partnership (Limited Partnership) (寧波梅 山保稅港區鴻道致鑫 投資管理合夥企業( 有限合夥)) 228,712 (including 228,712 H Shares) 0.10% 0.06% November 7, 2025 Wuhan Shunhong Equity Investment Partnership (Limited Partnership) (武漢順 宏股權投資合夥企業 (有限合夥)) 178,995 (including 89,498 H Shares) 0.04% 0.04% November 7, 2025 Hainan Hongdao Equity Investment Fund Management Co., Ltd. (海南鴻道 股權投資基金管理有 限公司) 151,479 (including 151,479 H Shares) 0.07% 0.04% November 7, 2025 Subtotal 123,141,332 39.71% 29.71% Notes: 1. The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. 2. The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04 of the Listing Rules and a written consent under Paragraph 5(2) of the Placing Guidelines in relation to allocation to Valsun Technology, a close associate of an existing shareholder and pre-IPO investor of the Company, Sailvan Times. Please refer to the “Waivers from Strict Compliance with the Listing Rules” section in the Prospectus for further details. The allocation of Offer Shares to Valsun Technolo gy is in compliance w ith all the cond itions under the waiver and --- page 12 --- 10 consent granted by the Stock Exchange. Existing Shareholders (other than the Single Largest Shareholders Group, Directors and Pre-IPO Investors as defined in the "History, Development and Corporate Structure" section of the Prospectus) Name Number of shares held in the Company subject to lock-up undertakings upon listing % of total issued H Shares after the Global Offering subject to lock-up undertakings upon Listing (assuming the Over-allotment Option is not exercised) % of shareholding in the Company subject to lock-up undertakings upon listing (assuming the Over-allotment Option is not exercised) Last day subject to the lock-up undertakings Note 1 Zhang Xiuhua / 張秀 華 19,307,673 (including 6,000,000 H Shares) 2.64% 4.65% November 7, 2025 Shenzhen Greenwoods Jingying Equity Investment Fund Partnership (Limited Partnership) / 深圳景 林景盈股權投資基金 合夥企業(有限合夥) 12,302,917 (including 8,201,944 H Shares) 3.60% 2.96% November 7, 2025 Bao Xueyang / 包雪 陽 9,992,415 N/A 2.41% November 7, 2025 Shanghai Greenwoods Jinghui Equity Investment Center (Limited Partnership) / 上海景林景惠股權投 資中心(有限合夥) 9,741,545 (including 6,494,363 H Shares) 2.85% 2.35% November 7, 2025 Zhang Xiao / 張嘯 9,108,400 (including 3,000,000 H Shares) 1.32% 2.19% November 7, 2025 Tibet Shangcai Capital Management Co., Ltd. / 西藏上財資本管理 有限公司 7,740,000 (including 7,740,000 H Shares) 3.40% 1.86% November 7, 2025 Lin Zhijie / 林志傑 6,996,100 (including 6,996,100 H Shares) 3.07% 1.68% November 7, 2025 --- page 13 --- 11 Zhang Xiaolu / 張曉 璐 4,135,000 (including 2,000,000 H Shares) 0.88% 1.00% November 7, 2025 Wang Zhijie / 王智傑 3,987,217 (including 1,500,000 H Shares) 0.66% 0.96% November 7, 2025 Qingdao Jiahong One Venture Capital Fund Enterprise (Limited Partnership) / 青島嘉 鴻壹號創業投資基金 企業(有限合夥) 3,582,877 N/A 0.86% November 7, 2025 Li Guangyu / 黎光宇 2,158,600 (including 2,158,600 H Shares) 0.95% 0.52% November 7, 2025 Hu Dianfeng / 胡典峰 2,013,690 (including 407,000 H Shares) 0.18% 0.48% November 7, 2025 Li Yan / 李艷 Note 2 1,934,326 N/A 0.47% November 7, 2025 Yueqing Aoji Growth V Enterprise Management Partnership (Limited Partnership) / 樂清市 傲基成長伍號企業管 理合夥企業(有限合 夥) 1,441,405 (including 751,125 H Shares) 0.33% 0.35% November 7, 2025 Lu Zuohua / 陸佐華 1,281,400 (including 380,000 H Shares) 0.17% 0.31% November 7, 2025 Weng Hai / 翁海 1,075,000 (including 268,750 H Shares) 0.12% 0.26% November 7, 2025 Yueqing Ao X Enterprise Management Partnership (Limited Partnership) / 樂清市 傲拾企業管理合夥企 業(有限合夥) 1,058,999 (including 443,534 H Shares) 0.19% 0.26% November 7, 2025 Du Bo / 杜波 1,026,616 N/A 0.25% November 7, 2025 Deng Bin / 鄧斌 1,023,000 (including 1,023,000 H Shares) 0.45% 0.25% November 7, 2025 --- page 14 --- 12 Tao Wenzhong / 陶文 忠 860,000 (including 500,000 H Shares) 0.22% 0.21% November 7, 2025 Xue Kexian / 薛可仙 800,000 (including 200,000 H Shares) 0.09% 0.19% November 7, 2025 Chen Wei / 陳偉 780,031 (including 390,016 H Shares) 0.17% 0.19% November 7, 2025 Yueqing Aoji Growth IX Enterprise Management Partnership (Limited Partnership) / 樂清市 傲基成長玖號企業管 理合夥企業(有限合 夥) 735,590 (including 297,500 H Shares) 0.13% 0.18% November 7, 2025 Liao Haixing / 廖海星 731,000 (including 731,000 H Shares) 0.32% 0.18% November 7, 2025 Yueqing Aoji Growth VI Enterprise Management Partnership (Limited Partnership) / 樂清市 傲基成長陸號企業管 理合夥企業(有限合 夥) 689,144 (including 436,590 H Shares) 0.19% 0.17% November 7, 2025 Long Shenghua / 龍勝 華 666,500 N/A 0.16% November 7, 2025 Hu Xiuhong / 胡秀紅 645,000 (including 645,000 H Shares) 0.28% 0.16% November 7, 2025 Zhang Qiang / 張強 624,025 (including 624,025 H Shares) 0.27% 0.15% November 7, 2025 Huang Zhaoping / 黄 招平 618,100 (including 9,000 H Shares) 0.00% 0.15% November 7, 2025 Chen Wensheng / 陳 文生 516,000 (including 316,000 H Shares) 0.14% 0.12% November 7, 2025 Yueqing Aoji Growth VIII Enterprise Management Partnership (Limited Partnership) / 樂清市 傲基成長捌號企業管 理合夥企業(有限合 夥) 510,650 (including 307,780 H Shares) 0.14% 0.12% November 7, 2025 Yao Huiqiong / 姚慧 瓊 Note 3 485,900 (including 485,900 H Shares) 0.21% 0.12% November 7, 2025 --- page 15 --- 13 Chen Zheng / 陳徵 473,000 (including 473,000 H Shares) 0.21% 0.11% November 7, 2025 Tang Ting / 唐婷 430,000 (including 430,000 H Shares) 0.19% 0.10% November 7, 2025 Zhang Ruijun / 張瑞 軍 430,000 N/A 0.10% November 7, 2025 Shi Qing / 石青 430,000 N/A 0.10% November 7, 2025 Li Linwei / 李林偉 421,400 N/A 0.10% November 7, 2025 Qiu Dan / 邱丹 392,201 N/A 0.09% November 7, 2025 Pan Xiangling / 潘香 玲 390,054 (including 117,016 H Shares) 0.05% 0.09% November 7, 2025 Dong Junzi / 董俊姿 390,015 (including 390,015 H Shares) 0.17% 0.09% November 7, 2025 Lin Ajing / 林阿静 388,500 N/A 0.09% November 7, 2025 Zheng Yu / 鄭宇 386,865 (including 386,865 H Shares) 0.17% 0.09% November 7, 2025 Lin Jingwei / 林敬偉 356,900 (including 356,900 H Shares) 0.16% 0.09% November 7, 2025 Yu Fenglu / 余鳳祿 349,132 (including 274,032 H Shares) 0.12% 0.08% November 7, 2025 Li Mingxing / 黎明興 344,000 (including 344,000 H Shares) 0.15% 0.08% November 7, 2025 Li Fan / 李帆 332,301 N/A 0.08% November 7, 2025 Pan Suying / 潘素英 300,000 (including 300,000 H Shares) 0.13% 0.07% November 7, 2025 Li Xiuying / 李秀英 292,400 (including 250,000 H Shares) 0.11% 0.07% November 7, 2025 Ji Siyi / 季思誼 281,357 N/A 0.07% November 7, 2025 Cao Weijun / 曹偉鈞 258,000 (including 258,000 H Shares) 0.11% 0.06% November 7, 2025 Wu Can / 吳燦 254,901 N/A 0.06% November 7, 2025 --- page 16 --- 14 Wang Wenxuan / 王 文軒 215,000 N/A 0.05% November 7, 2025 Guan Jing / 管静 200,600 (including 20,060 H Shares) 0.01% 0.05% November 7, 2025 Liu Minglong / 劉明 隆 185,701 N/A 0.04% November 7, 2025 Zhang Li / 張麗 180,701 (including 180,701 H Shares) 0.08% 0.04% November 7, 2025 Yin Junjun / 殷鈞鈞 172,000 N/A 0.04% November 7, 2025 Chen Gang / 陳剛 171,280 N/A 0.04% November 7, 2025 Zhong Niannian / 鍾 年年 156,006 (including 156,006 H Shares) 0.07% 0.04% November 7, 2025 Yang Yuanyuan / 楊 元元 150,500 (including 100,000 H Shares) 0.04% 0.04% November 7, 2025 Ma Min / 馬敏 129,000 (including 129,000 H Shares) 0.06% 0.03% November 7, 2025 Cui Fangjie / 崔芳潔 129,000 N/A 0.03% November 7, 2025 Zhou Shengxian / 周 聖仙 116,100 N/A 0.03% November 7, 2025 Shenzhen Yongxiaoyunshang Co., Ltd. / 深圳甬曉 雲商有限公司 110,000 N/A 0.03% November 7, 2025 Geng Ruixia / 耿瑞霞 98,900 (including 98,900 H Shares) 0.04% 0.02% November 7, 2025 Mao Yan / 毛燕 87,201 (including 87,201 H Shares) 0.04% 0.02% November 7, 2025 Chen Liang / 陳亮 86,000 (including 43,000 H Shares) 0.02% 0.02% November 7, 2025 Kong Debo / 孔德博 68,800 (including 68,800 H Shares) 0.03% 0.02% November 7, 2025 Li Shiyong / 李仕勇 55,614 (including 55,614 H Shares) 0.02% 0.01% November 7, 2025 Qian Xiangfeng / 錢祥 豐 51,600 N/A 0.01% November 7, 2025 Wan Aigang / 萬愛鋼 51,600 N/A 0.01% November 7, 2025 --- page 17 --- 15 Song Zongsong / 宋宗 松 45,402 (including 45,402 H Shares) 0.02% 0.01% November 7, 2025 Li Mingyang / 李明洋 45,401 N/A 0.01% November 7, 2025 Peng Zhangling / 彭章 玲 43,000 (including 43,000 H Shares) 0.02% 0.01% November 7, 2025 Li Dan / 李丹 43,000 (including 43,000 H Shares) 0.02% 0.01% November 7, 2025 Wang Tao / 王濤 43,000 (including 43,000 H Shares) 0.02% 0.01% November 7, 2025 Qi Yuhua / 戚玉華 43,000 (including 43,000 H Shares) 0.02% 0.01% November 7, 2025 Ji Minfeng / 季閩峰 25,800 (including 25,800 H Shares) 0.01% 0.01% November 7, 2025 Mao Zhenwei / 毛振 衛 25,800 (including 25,800 H Shares) 0.01% 0.01% November 7, 2025 Chen Shanlin / 陳山林 25,000 (including 25,000 H Shares) 0.01% 0.01% November 7, 2025 Zhuo Yanping / 卓燕 萍 24,000 N/A 0.01% November 7, 2025 Huang Haihua / 黃海 華 22,701 (including 22,701 H Shares) 0.01% 0.01% November 7, 2025 Li Wei / 李威 22,701 N/A 0.01% November 7, 2025 Liu Xuming / 劉旭鳴 21,500 N/A 0.01% November 7, 2025 Jiang Lifen / 姜利芬 20,000 (including 20,000 H Shares) 0.01% less than 0.01% November 7, 2025 Lin Qiao / 林樵 20,000 N/A less than 0.01% November 7, 2025 Shan Gonghua / 單貢 華 8,600 N/A less than 0.01% November 7, 2025 Lin Yuxian / 林玉仙 4,300 (including 4,300 H Shares) less than 0.01% less than 0.01% November 7, 2025 Wang Mingjin / 王明 金 4,300 (including 4,300 H Shares) less than 0.01% less than 0.01% November 7, 2025 Subtotal 11,8373,254 23.97% 30.69% --- page 18 --- 16 Notes: 1. The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. 2. Close associate of Ms. Li Yan (李豔), LC Logistics, was allocated Offer Shares as a cornerstone investor. For details, please refer to the sections headed “International Offe ring – Cornerstone Investors” and “International Offering – Allotees with waivers/consents obtained” in this announcement. 3. Ms. Yao Huiqiong ( 姚慧瓊) was allocated Offer Shares as a placee. For details, please refer to the section headed “ International Offering – Allotees with waivers/consents obtained” in this announcement.. --- page 19 --- 17 Cornerstone Investors Name Number of shares held in the Company subject to lock-up undertakings upon listing % of total issued H Shares after the Global Offering subject to lock-up undertakings upon Listing % of shareholding in the Company subject to lock-up undertakings upon listing (assuming the Over-allotment Option is not exercised) Last day subject to the lock-up undertakings Note 1 Valsun TechnologyNote 2 3,487,500 11.67% 0.84% May 7, 2025 LC Logistics Note 2 1,602,300 5.36% 0.39% May 7, 2025 Ms. Wong 1,923,000 6.43% 0.46% May 7, 2025 Subtotal 7,012,800 23.46% 1.69% Notes: 1. The Cornerstone Investors shall not dispose of any of the Offer Shares subscribed pursuant to the Cornerstone Investment Agreements on or before the indicated date. 2. Each of Valsun Technology and LC Logistics are cl ose associates of exis ting Shareholders of the Company. For details, please refer to the sectio ns headed “International Offering – Cornerstone Investors” and “International Offering – Allotees with waivers/consents obtained” in this announcement. Shares subscribed by Valsun Technology and LC Logistics as cornerstone investors are subject to lock-up undertakings as indicated above. --- page 20 --- 18 PLACEE CONCENTRATION ANALYSIS Placees* Number of H 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 H 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 H 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 H Shares are issued) Top 1 5,836,000 27.89% 22.97% 19.52% 16.98% 5,836,000 1.41% 1.39% Top 5 14,323,600 68.45% 56.37% 47.91% 41.66% 18,043,458 4.35% 4.30% Top 10 19,207,600 91.79% 75.59% 64.25% 55.87% 23,413,358 5.64% 5.58% Top 25 25,094,700 119.92% 98.76% 83.94% 72.99% 29,300,458 7.06% 6.98% Notes * Ranking of placees is based on the number of Shares allotted to the placees. --- page 21 --- 19 H SHAREHOLDERS CONCENTRATION ANALYSIS H Sharehold ers Number of H Shares all otted 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 H 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 H Shares are issued) Number of H Shares held upon Listing % of total issued H Shares capital upon Listing (assuming no exercise of the Over-allotment Option ) % of total issued H Share capital upon Listin g (assuming the Over- allotment Optio n is exercised and new H Shares are issued ) Top 1 0 0.00% 0.00% 0.00% 0.00% 39,236,240 17.23% 16.90% Top 5 0 0.00% 0.00% 0.00% 0.00% 133,248,919 58.52% 57.39% Top 10 5,836,000 27.89% 22.97% 19.52% 16.98% 167,121,019 73.40% 71.98% Top 25 16,616,500 79.41% 65.39% 55.58% 48.33% 201,025,326 88.29% 86.58% Notes * Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing. SHAREHOLDERS CONCENTRATION ANALYSIS Sharehold ers Number of H Shares all otted Allotment as % o f International Offerin g (assuming no exercise of the Over- allotment Option) Allotment as % of International Offering (assuming the Over- allotment Option is exercised and new H 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 H 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 H Shares are issued) Top 1 0 0.00% 0.00% 0.00% 0.00% 118,084,045 28.44% 28.14% Top 5 0 0.00% 0.00% 0.00% 0.00% 237,098,177 57.10% 56.49% Top 10 0 0.00% 0.00% 0.00% 0.00% 302,867,069 72.94% 72.16% Top 25 12,848,800 61.40% 50.57% 42.98% 37.37% 370,299,253 89.18% 88.23% Notes * Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders upon Listing. --- page 22 --- 20 BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING Subject to the satisfaction of the conditions set out in the Prospectus, 5,570 valid applications made by the public will be conditionally allocated on the basis set out below: Approximate Pool A percentage allotted of the Number Number total number of of H Shares of valid H Shares applied applied for applications Basis of allocation/ballot for 300 2,248 1,574 out of 2,248 applicants to receive 300 H Shares 70.02% 600 839 300 H Shares 50.00% 900 260 300 H Shares plus 91 out of 260 applicants to receive an additional 300 H Shares 45.00% 1,200 183 300 H Shares plus 110 out of 183 applicants to receive an additional 300 H Shares 40.03% 1,500 195 300 H Shares plus 165 out of 195 applicants to receive an additional 300 H Shares 36.92% 1,800 89 600 H Shares 33.33% 2,100 69 600 H Shares plus 17 out of 69 applicants to receive an additional 300 H Shares 32.09% 2,400 49 600 H Shares plus 24 out of 49 applicants to receive an additional 300 H Shares 31.12% 2,700 39 600 H Shares plus 28 out of 39 applicants to receive an additional 300 H Shares 30.20% 3,000 495 600 H Shares plus 446 out of 495 applicants to receive an additional 300 H Shares 29.01% 4,500 99 900 H Shares 20.00% 6,000 227 900 H Shares plus 182 out of 227 applicants to receive an additional 300 H Shares 19.01% 7,500 77 1,200 H Shares 16.00% 9,000 65 1,200 H Shares plus 33 out of 65 applicants to receive an additional 300 H Shares 15.03% 10,500 43 1,500 H Shares 14.29% 12,000 48 1,500 H Shares plus 29 out of 48 applicants to receive an additional 300 H Shares 14.01% 13,500 35 1,800 H Shares 13.33% 15,000 162 1,800 H Shares plus 81 out of 162 applicants to receive an additional 300 H Shares 13.00% 30,000 127 2,400 H Shares 8.00% 45,000 41 3,300 H Shares 7.33% 60,000 38 4,200 H Shares 7.00% 75,000 10 5,100 H Shares 6.80% 90,000 18 6,000 H Shares 6.67% 105,000 11 6,900 H Shares 6.57% 120,000 12 7,800 H Shares 6.50% 135,000 6 8,700 H Shares 6.44% 150,000 35 9,600 H Shares 6.40% --- page 23 --- 21 300,000 26 18,900 H Shares 6.30% Total 5,546 Total number of Pool A successful applicants: 4,872 Pool B Approximate percentage allotted of the Number Number total number of of H Shares of valid H Shares applied applied for applications Basis of allocation/ballot for 450,000 12 131,100 H Shares 29.13% 600,000 5 174,300 H Shares 29.05% 750,000 3 217,800 H Shares 29.04% 900,000 2 261,000 H Shares 29.00% 1,494,600 2 432,000 H Shares 28.90% Total 24 Total number of Pool B successful applicants: 24 --- page 24 --- 22 As of the date of this announcem ent, the relevant subscription m onies previously deposited in the designated nominee accounts have been remitted ba ck to the accounts of all HKSCC participants. Investors should contact their rele vant brokers for any inquiries. COMPLIANCE WITH LISTING RULES AND GUIDANCE The Directors confirm that, except for the Listing Rules that have be en waived and/or in respect of which consent has been obtained, the Company ha s complied with the Lis ting 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. OTHERS / ADDITIONAL INFORMATION Close associates of existing Shareholders as co rnerstone investors (with Waivers from Strict Compliance with Rule 10.04 of the Listing Rule s and Prior Written Consents under Paragraph 5(2) of the Placing Guidelines) Each of Valsun Technology and LC Logistics are clos e associates of existi ng shareholders of the Company, Sailvan Times and Ms. Li Yan ( 李豔), respectively. As of the date of the Prospectus, Sailvan Times held 1,785,532 Domestic Unlisted Shares, representing approximately 0.46% of the shares of the Company. Valsun Technology has been placed 3,487,500 H Shares at the Offer Price as a cornerstone investor, representing approximately 11.67% of the total number of Offer Shares initially available under the Global Offering (assuming the Over- allotment Option is not exercised) and approximatel y 0.84% of the total issued Shares of the Company upon completion of the Global Offeri ng (assuming the Over-allotment Option is not exercised). As at the date of the Prospectus, Ms. Li Yan ( 李豔) held 1,934,326 Domestic Unlisted Shares, representing approximately 0.50% of the shares of the Company. LC Logistics has been placed 1,602,300 H Shares at the Offer Price as a cornerstone investor, representing approximately 5.36% of the total number of Offer Shares initially available under the Global Offering (assuming the Over- allotment Option is not exercised) and approximatel y 0.39% of the total issued Shares of the Company upon completion of the Global Offeri ng (assuming the Over-allotment Option is not exercised). The Company has applied for, and the Stock Exchange has granted, waivers from strict compliance with Rule 10.04 of the Listing Rules and written consents under Paragraph 5(2) of the Placing Guidelines in relation to allocation to each of Valsun Technology, a close associate of an existing shareholder of the Company, Sailvan Times, and to LC Logistics, a close associate of an existing shareholder of the Company, Ms. Li Yan (李豔). Please refer to the “Waivers from Strict Compliance with the Listing Rules” section in the Prospectus for further details. The allocation of Offer Shares to each of Valsun Technology and LC Logistics is in compliance with all the conditions under the waivers and consents granted by the Stock Exchange. --- page 25 --- 23 Existing Shareholder as placee (with Waiver from Strict Compliance with Rule 10.04 of the Listing Rules and Prior Written Consent under Paragraph 5(2) of the Placing Guidelines) Ms. Yao Huiqiong (姚慧瓊) ("Ms. Yao") is an existing shareholder of the Company. As at the date of the Prospectus, Ms. Yao held 485,900 Domestic Unlisted Shares, representing approximately 0.13% of the shares of the Company. Ms. Yao has been placed with 818,100 H Shares at the Offer Price as a placee under the Inte rnational Offering, representing approximately 2.74% of the total number of Offer Shares initially available under th e Global Offering (assuming the Over-allotment Option is not exercised) and approximately 0.31% of the total issued Shares of the Company upon completion of the Global Offering (assuming the Over-allotment Option is not exercised). The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, waivers from strict compliance with Rule 10.04 of the Listing Rules and its consent under paragraph 5(2) of the Placing Guidelines to permit the Company to a llocate such Offer Shares in the International Offering to Ms. Yao. The allocatio n of Offer Shares to Ms. Yao is in compliance with all the conditions under the waivers and consents granted by the Stock Exchange. Connected Clients as placees (with the Consent under Paragraph 5(1) of the Placing Guidelines) Subscribing for and Holding on a Non-Discretio nary Basis on Behalf of Independent Third Parties Under the International Offeri ng, 747,300 Offer Shares, representi ng approximately 2.50% of the total number of Offer Shares (assuming the O ver-allotment Option is not exercised) and approximately 0.18% of the total issued share capital after the Global Offering (assuming the Over- allotment Option is not exercised) were placed to Huatai Capital. Such Offer Shares will be held by Huatai Capital on a non-discretionary basis. As at the date of this announcement, Huatai Financial Holdings (Hong Kong) Limited, the Sponsor-Overall Coordinator, one of the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of the Proposed Listing, and Huatai Capital, are indirect wholly-owned subsidiaries of Huatai Securities Co., Ltd. ( 華泰證券股份有限 公司), the shares of which are listed on both the Shanghai Stock Exchange (stock code: 601688) and the Stock Exchange (stock code: 6886). Therefore, Huatai Capital and Huat ai Financial Holdings (Hong Kong) Limited are members of the same gr oup pursuant to paragraph 13(7) of the Placing Guidelines and Chapter 4.15 of the Guide for Ne w Listing Applicants. Pursuant to an ISDA Agreement, Huatai Capital, as placee, will hold the Offer Shares on a non-discretionary basis as the single underlying holder under a to tal return swap order (the “ Client TRS”) placed by and fully funded (i.e. with no financing provided by Huatai Capital) by Shanghai Qinchen Private Equity Fund Management Partnership (Limited Partnership) (上海勤辰私募基金管理合夥企業（有限合夥） ) (the “Huatai Ultimate Client”), by which, Huatai Capital will pass the full economic exposure of the Offer Shares to the Huatai Ultimate Client, which in effect, Huatai Capital will hold the beneficial interest of the Offer Shares on beha lf of the Huatai Ultimate Client. The purpose of Huatai Capital to subscribe for the Offer Shares is for hedging the Client TRS order placed by the Huatai Ultimate Client. Pursuant to the terms of the Client TRS, during the tenor of the Client TRS, all economic returns of the Offer Shares will be passed to the Huatai Ultimate Client through the Client TRS and all economic loss shall be borne by the Huatai U ltimate Client. Huatai Cap ital will not take any economic return or bear any economic loss in relation to the Offer Shares. To the best knowledge of Huatai Capital and Financial Holdings (Hong Kong) Limited after making all reasonable enquiries, the Huatai Ultimate Client and each of its ultimat e beneficial owners is an independent third party of Huatai Capital, Financial Holdings (Hong Kong) Limited and the companies which are members of the same group of Huatai Financial Holdings (Hong Kong) Limited. --- page 26 --- 24 Under the International Offering, 99,000 Offer Shares, representing approximately 0.33% of the total number of Offer Shares (assuming the O ver-allotment Option is not exercised) and approximately 0.02% of the total issued share capital after the Global Offering (assuming the Over- allotment Option is not exercised) were placed to CSI. Such Offer Shares will be held by CSI on a non-discretionary basis. As at the date of this announcement, CLSA Limite d, one of the Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers of the Proposed Listing, and CSI, are indirect wholly-owned subsidiaries of CITIC Securities Co., Ltd. ( 中 信證券股份有限公司), the shares of which are listed on both the Shanghai Stock Exchange (stock code: 600030) and the Stock Exchan ge (stock code: 6030). Therefore, CSI and CLSA Limited are members of the same group pursuant to paragraph 13(7) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants. CSI will act as the single counter party of a back-to-back total return swap transaction (the “CSI Back-to-back TRS”) to be entered into by CSI in connection with a total return swap order (the “ CSI Client TRS ”) placed by its ultimate client, namely Guangdong Xiyu Investment & Management Co., Ltd. 廣東西域投資管理有限公司 (" Xiyu Investment") (the “CSI Ultimate Client”), by which CSI will pass the full economic exposure of the relevant Offer Shares placed to CSI (the “ CSI Offer Shares”) to the CSI Ultimate Client, meaning in effect, CSI will hold the beneficial interest of the CSI Offer Shares on behalf of the CSI Ultimate Client on a non-discretionary basis. CSI will hold th e legal title and beneficia l interest in the CSI Offer Shares, but will cont ractually agree to pass on the full economic exposur e and return of the CSI Offer Shares to the CSI Ultimate Client. The CSI Ultimate Client may exercise an early termination right to early termin ate the CSI Client TRS at any tim e from the trade date of the CSI Client TRS which should be on or after the date on which the CSI Offer Shares are listed on the Stock Exchange. Upon the final maturity or early termina tion of the CSI Client TRS by the CSI Ultimate Clients, CSI will dispose of the CSI 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 CSI Offer Shares and the fixed amount of transaction fees of the CSI Back-to-back TRS and the CSI Client TRS. CSI will not exercise the voting right of the CSI Offer Shares during the tenor of the CSI Back-to-back TRS. As confirmed by CSI, the CSI Ultimat e Client and the ultimate benefi cial owners of the CSI Ultimate Client are independent third parties of CSI and CLSA and the companies which are members of the same group of CLSA, and are independent from each of the Company, its subsidiaries and substantial shareholders. The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, consents under paragraph 5(1) of the Placing Guidelines to permit the Company to allocate such Offer Shares in the International Offering to each of Huatai Capital and CSI . The allocation of Offer Shares to each of Huatai Capital and CSI is in compliance with all the conditions under the consents granted by the Stock Exchange. Reallocation As the Hong Kong Public Offering has been over-s ubscribed by 15 times or more but less than 50 times the number of the Offer Shares initially available for subscription under the Hong Kong Public Offering, the reallocation procedure as disclosed in the paragraph headed "Structure of the Global Offering – The Hong Kong Public Offering – Reallocation" in the Prospectus has been applied. The number of Offer Shares initially available under the Hong Kong Public Offering was 2,989,500 H Shares, representin g approximately 10% o f the total number o f Offer Shares initiall y available --- page 27 --- 25 under the Global Offering (before any exercise of the Offer Size Adjustment Option and the Over- allotment Option). As a result of such reallocation, the final number of Offer Shares under the Hong Kong Public Offering is adjusted to 8,968,500 H Shares , representing approximately 30% of Offer Shares initially available under th e Global Offering (before any exer cise of the Over-allotment Option). DISCLAIMERS Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and Hong Kong Securities Cl earing 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 liab ility whatsoever for any loss howsoever arising from or in reliance upon the whole or any par t 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 stat e of the United States and the District of Columbia). This announcement does not, and is not intended to, constitute or form a part of any offer to sell or solicitation to purchase or subscribe for any securities in the United States or in any other jurisdiction. The Offer Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or securities law of any st ate or other jurisdiction of th e United States and may not be offered, sold, pledged or otherwise transferred within the United States, except pursuant to an available exemption from, or in a transaction not subject to, the regist ration requirements of the U.S. Securities Act and in compliance with any applicable state securi ties laws. There will be no public offer of the Offer Shares in the United States. The Offer Shares are being offered and sold solely 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 offer or an invitation to induce an offer by any pers on to acquire, purchase or subscr ibe for any securities of the Company. This announcement is not a prospectus. Po tential investors should read the Prospectus dated October 31, 2024 issued by the Company for detailed information about the Company and the Global Offering described below before deciding whether or not to invest in the H Shares. Any investment decision in relation to the Offer Shares should be ta ken solely in reliance on the information provided in the Prospectus. * Potential investors of the Offer Shares should note that the Sole Sponsor and 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 Friday, November 8, 2024). --- page 28 --- PUBLIC FLOAT Immediately after the completion of the Global Offering, 170,109,894 H Shares, representing approximately 40.97% of the issued share capital of our Company will count towards the public float (before any exercise of the Over-allotment Option), satisfying the minimum percentage prescribed by Rule 8.08 of the Listing Rules. The Directors confirm that, immediately following completion of the Global Offering: (i) at least 25% of the total number of issued Shares will be held by the public, in compliance with Rule 8.08(1) of the Listing Rules; (ii) the Shares will be held by at least 300 Shareholders at the time of Listing, in compliance with Rule 8.08(2) of the Listing Rules; (iii) the three largest public Shareholders will not hold more than 50% of the Shares held in public hands at the time of Listing, in compliance with Rule 8.08(3) of the Listing Rules; (iv) no placee will, individually, be placed more than 10% of the enlarged issued share capital of the Company immediately after the Global Offering; and (v) there will not be any new substantial Shareholder (as defined in the Listing Rules) of the Company. COMMENCEMENT OF DEALINGS Share certificates will only become valid evidence of title at 8:00 a.m. (Hong Kong time) on Friday, November 8, 2024, provided that the Global Offering has become unconditional and the right of termination described in the section headed “Underwriting { Underwriting Arrangements and Expenses { Hong Kong Public Offering { Grounds for Termination ” in the Prospectus has not been exercised. Investors who trade H Shares prior to the receipt of H Share certificates or the H Share certificates becoming valid evidence of title do so entirely at their own risk. Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong time) on Friday, November 8, 2024, it is expected that dealings in the Shares on the Stock Exchange will commence at 9:00 a.m. on Friday, November 8, 2024. The Shares will be traded in board lots of 300 H Shares each. The stock code of the H Shares will be 02519. By order of the Board AuGroup (SHENZHEN) Cross-Border Business Co., Ltd. Mr. Lu Haizhuan Chairperson, Executive Director and Chief Executive Officer Hong Kong, November 7, 2024 As at the date of this announcement, the Board comprises, (i) Mr. Lu Haizhuan, Mr. Ze Kuaiyue and Ms. Zhuang Liyan as executive Directors; (ii) Ms. Zou Jiajia, Mr. Jin Hao and Mr. Lu Songdu as non-executive Directors; and (iii) Ms. Meng Rongfang, Mr. Xu Jinke and Mr. Chen Xiaohuan as independent non-executive Directors. This announcement is available for viewing on the website of the Company at http://www.augroup.com and the website of the Stock Exchange at www.hkexnews.hk .