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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Hong Kong 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 or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act ”) or
securities law of any state or other jurisdiction of the United States. The securities may not be offered, sold, pledged
or otherwise transferred within 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.
No stabilizing manager will be appointed, and it is anticipated that no stabilization activities will be carried out in
relation to the Global Offering.
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
Tuesday, 25 November 2025 (the “Prospectus ”) issued by Lemo Services Co., Ltd (ʮ̡ ) (the
“Company ”) for detailed information about the Global Offering described below before deciding whether or not to
invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information in the Prospectus. The Company has not been and will not be registered under the
U.S. Investment Company Act of 1940, as amended.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
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 their obligations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed “Underwriting
– Underwriting Arrangements and Expenses – The 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
Wednesday, 3 December 2025).


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2
Lemo Services Co., Ltd
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
: 5,555,600 H Shares
Number of Hong Kong Offer Shares : 555,600 H Shares
Number of International Offer Shares : 5,000,000 H Shares
Final Offer Price : HK$40.0 per H Share plus brokerage
of 1.0%, SFC transaction levy of
0.0027% and Hong Kong Stock
Exchange trading fee of 0.00565% and
AFRC transaction levy of 0.00015%
Nominal value : RMB1.00 per H Share
Stock code : 2539
Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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3
LEMO SERVICES CO., LTD
ʮ̡
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 25 November 2025 (the “Prospectus ”) issued
by Lemo Services Co., Ltd (ʮ̡ ) (the “Company ”).
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares
could move substantially even with a small number of H Shares traded and should exercise
extreme caution when dealing in the H Shares.
SUMMARY
Company Information
Stock Code 2539
Stock Short Name LEMO SERVICES
Dealings commencement date 3 December 2025*
* see note at the end of the announcement
Price Information
Final Offer Price HK$40.00
Offer Price Range HK$27.00 – HK$40.00
Offer Shares and Share Capital
Number of Offer Shares 5,555,600
Final Number of Offer Shares in Public Offer 555,600
Final Number of Offer Shares in International Offer 5,000,000
Number of issued Shares upon Listing 55,555,600
Proceeds
Gross proceeds (Note) HK$222.22 million
 Less:  Estimated listing expenses payable based on Final
Offer Price HK$(40.06) million
Net Proceeds HK$182.16 million
Note: Gross proceeds refer to the amount 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.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFER
No. of valid applications 173,139
No. of successful applications 5,556
Subscription level 7,324.29 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong
Public Offer 555,600
Final no. of Offer Shares under the Hong Kong Public Offer 555,600
% of Offer Shares under the Hong Kong Public Offer to the
Global Offering 10.00%
Note: For details of the final allocation of H Shares to the Hon Kong Public Offering, investors can refer to
www.hkeipo.hk/iporesult to perform a search by identification number or www.hkeipo.hk/iporesult for the full
list of allottees.


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5
INTERNATIONAL OFFER
No. of placees 131
Subscription Level 6.78 times
No. of Offer Shares initially available under the International
Offer 5,000,000
Final no. of Offer Shares under the International Offer 5,000,000
% of Offer Shares under the International Offer to the Global
Offering 90.00%
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the
Offer Shares subscribed by the placees and the public have been financed directly or indirectly
by the Company, any of the Directors, Supervisors, chief executive of the Company, Controlling
Shareholders, substantial Shareholders, existing Shareholders of the Company or any of its
subsidiaries or their respective close associates; and (ii) none of the placees and the public who
have purchased the Offer Shares are accustomed to taking instructions from the Company, any of
the Directors, Supervisors, chief executive of the Company, Controlling Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective
close associates in relation to the acquisition, disposal, voting or other disposition of H Shares
registered in his/her/its name or otherwise held by him/her/it.


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6
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number
of Shares
held in the
Company
subject to
lock-up
undertakings
upon Listing
Number of
H 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
Last day subject
to the lock-up
undertakings Note 2
Xie Zhonghui (౉) Note 1
 ( “Mr. Xie ”)
10,487,769 1,048,777 4.52% 18.88% 2 December 2026
Pingtan Zhangchuang Gongying
Future Investment Partnership
Enterprise (LLP) ( ̻ᆐ౛௴
΍ᙊ͊Ըҳ༟ΥྫΆุ (ࠢ
Υྫ)) Note 1 (“Zhangchuang
Gongying Platform ”)
3,663,791 1,831,896 7.89% 6.59% 2 December 2026
Pingtan Lemo Gongchuang
Investment Partnership
Enterprise (LLP) ( ̻ᆐᆀᅙ
΍௴ҳ༟ΥྫΆุ (Υ
ྫ)) Note 1 (“Lemo Gongchuang
Platform ”)
1,897,910 948,955 4.09% 3.42% 2 December 2026
Pingtan Lemo Gongying
Investment Partnership
Enterprise (LLP) ̻ᆐᆀᅙ΍ᙊ
ҳ༟ΥྫΆุ (Υྫ ) Note 1
(“Lemo Gongying Platform ”)
1,153,620 576,810 2.48% 2.08% 2 December 2026
Subtotal 17,203,090 4,406,438 18.97% 30.97%
Notes:
1. As of the date of this announcement, Mr. Xie was able to exercise 34.4% of the voting rights in the Company through (i) 21.0% Shares directly held by
him; (ii) an aggregate of 13.4% Shares held by Zhangchuang Gongying Platform, Lemo Gongchuang Platform and Lemo Gongying Platform by virtue of
his capacity as their respective general partner. Zhangchuang Gongying Platform, Lemo Gongchuang Platform and Lemo Gongying Platform are incentive
platforms of the Group.
2. According to the PRC Company Law, all existing Shareholders (including Controlling Shareholders) are subject to a lock-up period of 12 months following
the Listing Date.


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7
Pre-IPO Investors (as defined in the “History and Corporate Structure ” section of the
Prospectus)
Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
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
Last day subject
to the lock-up
undertakings Note
Pan Jianzhong (׀ܔ2,709,424 2,167,539 9.33% 4.88% 2 December 2026
Li Bin ( ҽⅳ) 2,533,809 2,027,047 8.73% 4.56% 2 December 2026
Ma’anshan Cornerstone
Yixiang Equity Investment
Partnership Enterprise (LLP)
(ᛆҳ༟Υ
ྫΆุ(Υྫ ))
1,304,123 1,304,123 5.61% 2.35% 2 December 2026
Shanghai Qimai Consulting
Management Partnership
Enterprise (LLP) (এ
ፔ༔၍ଣΥྫΆุ (Υ
ྫ))
1,030,000 1,030,000 4.43% 1.85% 2 December 2026
Wang Zhenghua ( ˮ͍ശ) 500,000 500,000 2.15% 0.90% 2 December 2026
Dai Chusheng (͛) 400,000 400,000 1.72% 0.72% 2 December 2026
Fang Xin ( ˙ː) 400,000 400,000 1.72% 0.72% 2 December 2026
Chen Guohai ( ௓਷ऎ) 400,000 400,000 1.72% 0.72% 2 December 2026
Subtotal 9,277,356 8,228,709 35.43% 16.70%
Note: The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. According to the PRC Company Law, all existing
Shareholders (including the Pre-IPO Investors) are subject to a lock-up period of 12 months following the Listing Date.


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8
Other existing Shareholders (other than the Controlling Shareholders and Pre-IPO Investors)
Name
Number
of Shares
held in the
Company
subject to
lock-up
undertakings
upon Listing
Number of
H 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
Last day subject
to the lock-up
undertakings Note
Han Daohu (ډ9,762,254 976,225 4.20% 17.57% 2 December 2026
Wu Jinghua ( ю౻ശ) 7,582,439 758,244 3.26% 13.65% 2 December 2026
Li Jianzheng ( ҽ਺͍) 4,472,196 3,130,537 13.48% 8.05% 2 December 2026
Feng Baocai (ᘒৌ) 1,702,665 170,267 0.73% 3.06% 2 December 2026
Subtotal 23,519,554 5,035,273 21.67% 42.33%
Note: The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law. According to the PRC Company
Law, all existing Shareholders are subject to a lock-up period of 12 months following the Listing Date.


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PLACEE CONCENTRATION ANALYSIS
Placees
Number of H
Shares allotted
Allotment as
% of
International
Offering
Allotment as
% of total
Offer Shares
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
Top 1 1,060,000 21.20% 19.08% 1,060,000 1.91%
Top 5 2,993,000 59.86% 53.87% 2,993,000 5.39%
Top 10 4,398,000 87.96% 79.16% 4,398,000 7.92%
Top 25 4,922,200 98.44% 88.60% 4,922,200 8.86%
Notes
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares
allotted
Allotment as
% of
International
Offering
Allotment as
% of total
Offer Shares
Number of H
Shares held
upon Listing
% of total
issued H
Shares
capital upon
Listing
Number of
Shares held
upon Listing
Top 1 0 0.00% 0.00% 4,406,438 18.97% 17,203,090
Top 5 0 0.00% 0.00% 13,035,684 56.13% 28,222,642
Top 10 1,723,000 34.46% 31.01% 17,523,153 75.45% 48,320,335
Top 25 4,803,000 96.06% 86.45% 22,473,420 96.76% 54,803,000
Notes
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.


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SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of
H Shares
allotted
Allotment as
% of
International
Offering
Allotment as
% of total
Offer Shares
Number of H
Shares held
upon Listing
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
Top 1 0 0.00% 0.00% 4,406,438 17,203,090 30.97%
Top 5 0 0.00% 0.00% 11,438,983 41,729,403 75.11%
Top 10 1,060,000 21.20% 19.08% 17,030,420 49,360,000 88.85%
Top 25 4,803,000 96.06% 86.45% 22,473,420 54,803,000 98.65%
Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 173,139 valid
applications made by the public will be conditionally allocated on the basis set out below:
Pool A Approximate
percentage
allotted of the
total number
of H Shares
applied for
Number of
H Shares
applied for
Number of
valid
applications Basis of allocation/ballot
100 49,112 393 out of 49,112 applicants to receive 100 H Shares 0.80%
200 36,589 361 out of 36,589 applicants to receive 100 H Shares 0.49%
300 5,709 64 out of 5,709 applicants to receive 100 H Shares 0.37%
400 4,722 58 out of 4,722 applicants to receive 100 H Shares 0.31%
500 4,542 59 out of 4,542 applicants to receive 100 H Shares 0.26%
600 2,124 30 out of 2,124 applicants to receive 100 H Shares 0.24%
700 1,729 25 out of 1,729 applicants to receive 100 H Shares 0.21%
800 1,607 24 out of 1,607 applicants to receive 100 H Shares 0.19%
900 1,167 19 out of 1,167 applicants to receive 100 H Shares 0.18%
1,000 10,131 162 out of 10,131 applicants to receive 100 H Shares 0.16%
1,500 3,268 59 out of 3,268 applicants to receive 100 H Shares 0.12%
2,000 3,044 60 out of 3,044 applicants to receive 100 H Shares 0.10%
2,500 2,207 47 out of 2,207 applicants to receive 100 H Shares 0.09%
3,000 1,497 34 out of 1,497 applicants to receive 100 H Shares 0.08%


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Pool A Approximate
percentage
allotted of the
total number
of H Shares
applied for
Number of
H Shares
applied for
Number of
valid
applications Basis of allocation/ballot
3,500 972 23 out of 972 applicants to receive 100 H Shares 0.07%
4,000 970 24 out of 970 applicants to receive 100 H Shares 0.06%
4,500 726 19 out of 726 applicants to receive 100 H Shares 0.06%
5,000 1,901 50 out of 1,901 applicants to receive 100 H Shares 0.05%
6,000 1,072 30 out of 1,072 applicants to receive 100 H Shares 0.05%
7,000 939 27 out of 939 applicants to receive 100 H Shares 0.04%
8,000 917 28 out of 917 applicants to receive 100 H Shares 0.04%
9,000 716 23 out of 716 applicants to receive 100 H Shares 0.04%
10,000 5,354 170 out of 5,354 applicants to receive 100 H Shares 0.03%
20,000 3,883 152 out of 3,883 applicants to receive 100 H Shares 0.02%
30,000 2,894 128 out of 2,894 applicants to receive 100 H Shares 0.01%
40,000 1,954 94 out of 1,954 applicants to receive 100 H Shares 0.01%
50,000 1,754 91 out of 1,754 applicants to receive 100 H Shares 0.01%
60,000 1,236 68 out of 1,236 applicants to receive 100 H Shares 0.01%
70,000 1,187 68 out of 1,187 applicants to receive 100 H Shares 0.01%
80,000 1,056 63 out of 1,056 applicants to receive 100 H Shares 0.01%
90,000 772 48 out of 772 applicants to receive 100 H Shares 0.01%
100,000 1,540 98 out of 1,540 applicants to receive 100 H Shares 0.01%
120,000 2,667 179 out of 2,667 applicants to receive 100 H Shares 0.01%
Total 159,958 Total number of Pool A successful applicants: 2,778
Pool B Approximate
percentage
allotted of the
total number
of H Shares
applied for
Number of
H Share
 applied for
Number of
valid
applications Basis of allocation/ballot
140,000 4,062 569 out of 4,062 applicants to receive 100 H Shares 0.01%
160,000 1,087 174 out of 1,087 applicants to receive 100 H Shares 0.01%
180,000 728 131 out of 728 applicants to receive 100 H Shares 0.01%
200,000 648 129 out of 648 applicants to receive 100 H Shares 0.01%
220,000 448 98 out of 448 applicants to receive 100 H Shares 0.01%
240,000 715 170 out of 715 applicants to receive 100 H Shares 0.01%
277,800 5,493 1,507 out of 5,493 applicants to receive 100 H Shares 0.01%
Total 13,181 Total number of Pool B successful applicants: 2,778


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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 Company ’s H Shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or
indirectly, provided by the Company, its Controlling Shareholders, Directors, Supervisors or
syndicate members to any placees or the public (as the case may be) and the consideration payable
by them for each Share of the Company subscribed for or purchased by them is the same as the
final Offer Price determined by agreement among the Company and the Overall Coordinators (for
themselves and on behalf of the Underwriters) in addition to any brokerage, AFRC transaction
levy, SFC transaction levy and trading fee payable.


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13
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited 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 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 25 November 2025 issued by Lemo Services
Co., Ltd (ʮ̡ ) for detailed information about the Global Offering
described below before deciding whether or not to invest in the H Shares thereby being offered.
*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 their obligations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed
“Underwriting { Underwriting Arrangements and Expenses { The  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 Wednesday, 3 December 2025).


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14
PUBLIC FLOAT AND FREE FLOAT
The Company has applied for H-share full circulation and the CSRC issued notice of filing on
23 September 2025 for the conversion of the 17,670,420 Unlisted Shares into H Shares upon the
Listing.
In addition, upon completion of the Global Offering and conversion of Unlisted Shares into
H Shares, (i) 4,406,438 H Shares held by the Controlling Shareholders, namely Mr. Xie,
Zhangchuang Gongying Platform, Lemo Gongchuang Platform and Lemo Gongying Platform, (ii)
976,225 H Shares held by Mr. Han Daohu and 758,244 H Shares held by Mr. Wu Jinghua, each a
substantial shareholder of the Company; and (iii) 170,267 H Shares held by Mr. Feng Baocai, an
executive Director, who are core connected persons of the Company, would not be counted towards
the public float. As a result of the foregoing, immediately upon the completion of the Global
Offering and conversion of Unlisted Shares into H Shares, an aggregate of 16,914,846 H Shares
representing approximately 30.4% of the total issued Shares will be counted towards the public
float, which is higher than the prescribed percentage of H Shares required to be held in public
hands of 25% under Rule 19A.13A(1) of the Listing Rules calculated based on the final Offer Price
of HK$40.00 per H Share, thereby satisfying Rule 19A.13A(1) of the Listing Rules.
To the best knowledge of the Directors, the 5,555,600 H Shares to be issued pursuant to the Global
Offering are expected to be held by the public and will not be subject to any disposal restrictions
(whether under contract, the Listing Rules, applicable laws or otherwise). Based on the final Offer
Price of HK$40.00 per H Share, the Company will satisfy the free float requirements under Rule
19A.13C of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering, (i)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder immediately after the Global Offering; (iii) the three largest public shareholders of
the Company do not hold more than 50% of the H shares 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.


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15
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday, 3
December 2025 (Hong Kong time), provided that the Global Offering has become unconditional
and the right of termination described in the section headed “Underwriting ” in the Prospectus has
not been exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to 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. in Hong Kong on
Wednesday, 3 December 2025, it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Wednesday, 3 December 2025. The H Shares will be traded in
board lots of 100 H Shares each and the stock code of the H Shares will be 2539.
By order of the Board
Lemo Services Co., Ltd
Han Daohu
Chairman and Non-executive Director
Hong Kong, 2 December 2025
As at the date of this announcement, the Board comprises: (i) Mr. Xie Zhonghui, Mr. Feng
Baocai and Mr. Chen Xing as executive directors; (ii) Mr. Han Daohu and Mr. Wu Jinghua as
non-executive directors and (iii) Mr. Lei Zhigang, Ms. Dong Hui and Mr. Suek Ka Lun Ernie as
independent non-executive directors.