hk-ipo/data/extracted_text/01304/allotment_results_2025-07-08_2025070801154.txt

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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.
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 or solicitation to purchase or subscribe for securities in the United States or
in any other jurisdiction. The Offer Shares 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 and may not be offered,
sold, pledged or otherwise transferred within the United States, except in transactions exempt
from, or 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 and applicable
laws of each jurisdiction where those offers and sales occur.
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 Monday, June 30, 2025 (the “Prospectus”) issued
by Fortior Technology (Shenzhen) Co., Ltd. (ࢤ岹Ҧ(ଉέ)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. 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 Sponsor-Overall Coordinator (for itself
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 Wednesday, July 9, 2025).
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Fortior Technology (Shenzhen) Co., Ltd.
ࢤ岹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
: 18,744,400 H Shares (taking into
account full exercise of the Offer Size
Adjustment Option and subject to the
Over-allotment Option)
Number of Hong Kong Offer Shares : 8,149,800 H Shares
(taking into account reallocation)
Number of International Offer Shares : 10,594,600 H Shares (taking into account
reallocation, the full exercise of the
Offer Size Adjustment Option and
subject to the Over-allotment Option)
Final Offer Price : HK$120.5 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 : RMB1.00 per H Share
Stock code : 1304
Sole Sponsor, Sponsor-Overall Coordinator, Overall Coordinator, Joint Global
Coordinator, Joint Bookrunner and Joint Lead Manager
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and
Joint Lead Managers
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Fortior Technology (Shenzhen) Co., Ltd.
ࢤ岹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 June 30, 2025 (the “Prospectus”) issued by
Fortior Technology (Shenzhen) Co., Ltd. (the “Company”).
SUMMARY
Company information
Stock code 1304
Stock short name FORTIOR
Dealings commencement date July 9, 2025*
* see note at the end of this announcement
Price Information
Final Offer Price HK$120.500
Maximum Offer Price HK$120.500
Offer Shares and Share Capital
Number of Offer Shares 18,744,400
Final Number of Offer Shares in Public Offer
(after reallocation) 8,149,800
Final Number of Offer Shares in International Offer
(after reallocation) 10,594,600
Number of issued shares upon Listing
(before exercise of the Over-allotment Option) 111,107,780
The number of Offer Shares above is determined after taking into account the additional
shares issued under the following Offer Size Adjustment Option:
Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option 2,444,900
– International Offer 2,444,900
Over-allocation
No. of Offer Shares over-allocated 2,811,600
– International Offer 2,811,600
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.
Proceeds
Gross proceeds (Note) HK$2,258.70 million
Less: Estimated listing expenses payable based on
Final Offer Price
HK$(122.38) million
Net proceeds HK$2,136.32 million
Note: Gross proceeds refers to the amount to which the Company is entitled to receive. For details of the use
of proceeds, please refer to the Prospectus.
The Company will adjust the allocation of the net proceeds from the exercise of the Over-allotment
Option (if any) for the purposes as set out in the section headed “Future Plans and Use of Proceeds” of
the Prospectus on a pro rata basis.
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ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
No. of valid applications 66,796
No. of successful applications 30,868
Subscription level 138.26 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Public
Offer 1,630,000
No. of Offer Shares reallocated from the International
Offer (claw-back) 6,519,800
Final no. of Offer Shares under the Public Offer (after
exercise of Offer Size Adjustment Option and/or
reallocation, if any) 8,149,800
% of Offer Shares under the Public Offer to the Global
Offering 43.48%
Note: For details of the final allocation of 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.
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INTERNATIONAL OFFER
No. of placees 103
Subscription Level 8.61 times
No. of Offer Shares initially available under the
International Offer 14,669,500
No. of Offer Shares reallocated to the Public Offer (claw-
back) 6,519,800
Final no. of Offer Shares under the International Offer
(after exercise of Offer Size Adjustment Option and/or
reallocation, if any) 10,594,600
% of Offer Shares under the International Offer to the
Global Offering 56.52%
The Directors confirm that, to the best of their knowledge, information and belief, save for (a) a
consent under paragraph 17 of Chapter 4.15 of the Guide for New Listing Applicants to permit
the Company to allocate certain Offer Shares in the International Offering to certain Cornerstone
Investors and/or their close associates; (b) 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 Existing Minority Shareholders and their
close associates as cornerstone investor and (c) a consent under paragraph 5(1) of the Placing
Guidelines to permit the Company to allocate certain Offer Shares in the International Offering to
connected clients, (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 Shares registered in his/her/its name or otherwise held by him/her/it.
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The placees in the International Offer include the following:
Cornerstone Investors
Investor
No. of Offer
Shares
allocated Note 3
% of total
issued H
Shares after
the Global
Offering Note 1
% of total
issued share
capital after
the Global
Offering Notes 1, 4
Existing
shareholders
or their close
associates
Taikang Life/
इੰɛྪ
1,628,600 8.69% 1.47% YesNote 2
Pinpoint/ვ 977,100 5.21% 0.88% No
3W Fund 651,400 3.48% 0.59% No
Wind Sabre 651,400 3.48% 0.59% No
ChinaAMC (HK)/
ږ(ಥ)
651,400 3.48% 0.59% YesNote 2
Mega Prime 651,400 3.48% 0.59% No
Sanhua International
Singapore/਷ყ
อ̋ս
521,100 2.78% 0.47% No
Fourier Capital 521,100 2.78% 0.47% No
Torus 521,100 2.78% 0.47% No
Intac 521,100 2.78% 0.47% No
Notes:
(1) Taking into account the full exercise of the Offer Size Adjustment Option and before any exercise of the
Over-allotment Option.
(2) For details of a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under
paragraph 5(2) of the Placing Guidelines granted by the Stock Exchange to permit the Company to allocate
certain Offer Shares in the International Offering to a close associate of minority existing Shareholder as
cornerstone investor, please refer to the section headed “Other Information” in this announcement.
(3) The number of Offer Shares allocated to such investors only represents the number of Offer Shares allocated
to the investors as cornerstone investors in the International Offering. For allocations of Offer Shares to
the relevant investors as placees (if any), please refer to the section headed “Allotment Results Details –
International Offering – Allotees with waiver/consents obtained” in this announcement.
(4) Not taking into account any A Shares held by the relevant investors. The figures take into account the full
exercise of the Offer Size Adjustment Option and assume the Over-allotment Option is not exercised.
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Allotees with waiver/consents obtained
Investor
No. of Offer
Shares
allocated
Approximate
% of Offer
Shares Note 1
Approximate
% of total
issued share
capital after
the Global
Offering Notes 1, 5 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 H Shares by Existing Minority
Shareholders holding more than 1% of the issued share capital of the Company immediately prior
to the completion of the Global Offering and/or their close associates Notes 2, 3
Taikang Life/
इੰɛྪ
1,628,600 8.69% 1.47% Existing
Minority
Shareholders
and/or
their close
associates
Fullgoal Fund
Management
Company Limited/
ࠢ
ʮ̡
17,700 0.09% 0.02% Existing
Minority
Shareholders
and/or
their close
associates
Allotees with consent under paragraph 17 of Chapter 4.15 of the Guide in relation to allocations
of Offer Shares to certain Cornerstone Investors and/or their close associates Note 2
CITIC Securities
International Capital
Management
Limited
52,000 0.3% 0.05% A close
associate of
ChinaAMC
(HK), a
Cornerstone
Investor
ChinaAMC (HK)/
ږ(ಥ)
260,000 1.4% 0.23% A Cornerstone
Investor Note 4
Pinpoint/ვ 162,500 0.9% 0.15% A Cornerstone
Investor Note 4
3W Fund 260,000 1.4% 0.23% A Cornerstone
Investor Note 4
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Investor
No. of Offer
Shares
allocated
Approximate
% of Offer
Shares Note 1
Approximate
% of total
issued share
capital after
the Global
Offering Notes 1, 5 Relationship
Wind Sabre Capital
Limited
32,500 0.2% 0.03% A close
associate of
Wind Sabre,
a Cornerstone
Investor
Sanhua International
Singapore/਷ყ
อ̋ս
65,000 0.3% 0.06% A Cornerstone
Investor Note 4
Mega Prime 32,500 0.2% 0.03% A Cornerstone
Investor Note 4
QRT Master
Fund SPC for and
on behalf of its
segregated portfolio
Torus Fund SP
32,500 0.2% 0.03% A close
associate
of Torus, a
Cornerstone
Investor
Allotees with consent under paragraph 5(1) of Appendix F1 to the Listing Rules in relation to
subscription of shares by connected clients Note 2
CICC Financial
Trading Limited (in
connection with the
OTC Swaps)/CICC
Financial Trading
Limited (ၾఙ̮દ
Ϟᗫ)
5,200 0.028% 0.005% Connected
client
Guotai Junan
Investments (Hong
Kong) Limited (in
connection with the
GTHT Back-to-back
TRS)/਷इёτᗇՎ
ҳ༟(ಥ)ʮ̡
(ߠ
ᐼΫజદಂϞᗫ)
30,700 0.16% 0.03% Connected
client
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Notes:
(1) Taking into account the full exercise of the Offer Size Adjustment Option and before any exercise of the
Over-allotment Option.
(2) For details of (a) a consent under paragraph 17 of Chapter 4.15 of the Guide for New Listing Applicants
to permit the Company to allocate certain Offer Shares in the International Offering to close associate of
certain Cornerstone Investors and/or their close associates; (b) a waiver from strict compliance with Rule
10.04 of the Listing Rules and a consent under paragraph 5(2) of the Placing Guidelines granted by the Stock
Exchange to permit the Company to allocate certain Offer Shares in the International Offering to Existing
Minority Shareholders and their close associates as cornerstone investor and (c) a consent under paragraph
5(1) of the Placing Guidelines to permit the Company to allocate certain Offer Shares in the International
Offering to connected clients, please refer to the section headed “Other Information” in this announcement.
(3) Among the Cornerstone Investors, ChinaAMC (HK) and Taikang Life are close associates of the Company’s
Existing Minority Shareholders. 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 H Shares in the International Offering to be placed to certain Existing Minority Shareholders and/
or their close associates. Please refer to the section headed “Waivers from strict compliance with the Listing
Rules – Allocation of H shares to existing minority shareholders and their close associates” of the Prospectus
for details. In accordance with the condition of the waiver, details of the allocation to the Existing Minority
Shareholders holding more than 1% of the issued share capital has been disclosed in this announcement.
(4) The number of Offer Shares allocated to such investors only represents the number of Offer Shares allocated to
the investors as placees in the International Offering. For allocations of Offer Shares to the relevant investors
as Cornerstone Investors, please refer to the section headed “Allotment Results Details – International
Offering – Cornerstone Investors” in this announcement.
(5) Not taking into account any A Shares held by the relevant investors. The figures take into account the full
exercise of the Offer Size Adjustment Option and assume the Over-allotment Option is not exercised.
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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
(assuming
the Over-
allotment
Option is not
exercised)
Last day
subject to
the lock-up
undertakings
Fortior HK/
ࢤ岹ಥ Note 4
35,154,431 0 0.00% 31.64% January 8,
2026
(First Six-
Month
Period) Note 1
July 8, 2026
(Second
Six Month
Period) Note 2
Xinyun
Technology/
Ҧ Note 4
1,350,716 0 0.00% 1.22% January 8,
2026
(First Six-
Month
Period) Note 1
July 8, 2026
(Second
Six Month
Period) Note 2
Subtotal 36,505,147 0 0.00% 32.86%
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Notes
(1) The Controlling Shareholder may dispose of or transfer H Shares after the indicated date subject to that the
Controlling Shareholder will not cease to be a Controlling Shareholder.
(2) The Controlling Shareholder will cease to be prohibited from disposing of or transferring H Shares after the
indicated date.
(3) In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month period
ends on January 8, 2026 and for the second six-month period, on July 8, 2026.
(4) Immediately before completion of the Global Offering, the Company was held as to (i) 38.06% by Fortior
HK, which was majority-controlled by Mr. Bi Lei and Dr. Bi Chao, and (ii) 1.46% by Xinyun Technology,
which was wholly owned by Ms. Gao Shuai, the spouse of Mr. Bi Lei, representing 38.14% and 1.47% of
the voting power at general meetings of the Company, respectively (excluding the 193,000 A Shares held
by our Company as treasury Shares). Mr. Bi Lei, Dr. Bi Chao and Ms. Gao Shuai have entered into, and will
continue to renew, the Acting-in-Concert Agreement, pursuant to which they agreed, among other things, to
act in concert when voting at general meetings of our Company and meetings of our Board. Upon Listing,
each of Mr. Bi Lei, Dr. Bi Chao, Ms. Gao Shuai, Fortior HK and Xinyun Technology will constitute a group
of our Controlling Shareholders and each of them is subject to the same lock-up as disclosed above.
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Cornerstone Investors
NameNote 1
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
(assuming
the Over-
allotment
Option is not
exercised)
Last day
subject to
the lock-up
undertakings
Note 2
Taikang Life/
इੰɛྪ
1,628,600 1,628,600 8.69% 1.47% January 8,
2026
Pinpoint/ვ 977,100 977,100 5.21% 0.88% January 8,
2026
3W Fund 651,400 651,400 3.48% 0.59% January 8,
2026
Wind Sabre 651,400 651,400 3.48% 0.59% January 8,
2026
ChinaAMC
(HK)/ਿ
ږ(ಥ)
651,400 651,400 3.48% 0.59% January 8,
2026
Mega Prime 651,400 651,400 3.48% 0.59% January 8,
2026
Sanhua
International
Singapore/ɧ
਷ყอ̋ս
521,100 521,100 2.78% 0.47% January 8,
2026
Fourier Capital 521,100 521,100 2.78% 0.47% January 8,
2026
Torus 521,100 521,100 2.78% 0.47% January 8,
2026
Intac 521,100 521,100 2.78% 0.47% January 8,
2026
Subtotal 7,295,700 7,295,700 38.92% 6.57%
Notes:
(1) For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors”
in the Prospectus.
(2) In accordance with the relevant Listing Rule/guidance materials, the required lock-up ends on 8 January,
2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring H Shares after
the indicated date.
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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 1,628,600 15.37% 12.15% 8.69% 7.56% 2,999,491 2.70% 2.63%
Top 5 6,152,600 58.07% 45.89% 32.82% 28.54% 7,523,491 6.77% 6.60%
Top 10 9,667,900 91.25% 72.12% 51.58% 44.85% 11,538,946 10.39% 10.13%
Top 25 12,918,500 121.93% 96.36% 68.92% 59.93% 14,789,546 13.31% 12.98%
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
(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
Shares capital
upon Listing
(assuming
the Over-
allotment
Option is
exercised and
new H Shares
are issued)
Top 1 1,628,600 15.37% 12.15% 8.69% 7.56% 1,628,600 8.69% 7.56%
Top 5 6,152,600 58.07% 45.89% 32.82% 28.54% 6,152,600 32.82% 28.54%
Top 10 9,667,900 91.25% 72.12% 51.58% 44.85% 9,667,900 51.58% 44.85%
Top 25 12,920,900 121.96% 96.38% 68.93% 59.94% 12,920,900 68.93% 59.94%
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
(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
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% 0 36,505,147 32.86% 32.04%
Top 5 1,628,600 15.37% 12.15% 8.69% 7.56% 1,628,600 56,398,867 50.76% 49.51%
Top 10  3,923,200 37.03% 29.26% 20.93% 18.20% 3,923,200 65,286,828 58.76% 57.31%
Top 25  10,760,300 101.56% 80.26% 57.41% 49.92% 10,760,300 76,792,946 69.12% 67.41%
Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
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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 H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of H
Shares applied for
Pool A
100 30,215 6,043 out of 30,215 applicants to receive 100 shares 20.00%
200 4,069 1,188 out of 4,069 applicants to receive 100 shares 14.60%
300 2,206 804 out of 2,206 applicants to receive 100 shares 12.15%
400 6,399 2,726 out of 6,399 applicants to receive 100 shares 10.65%
500 1,800 866 out of 1,800 applicants to receive 100 shares 9.62%
600 689 367 out of 689 applicants to receive 100 shares 8.88%
700 482 279 out of 482 applicants to receive 100 shares 8.27%
800 1,442 897 out of 1,442 applicants to receive 100 shares 7.78%
900 662 439 out of 662 applicants to receive 100 shares 7.37%
1,000 4,568 3,207 out of 4,568 applicants to receive 100 shares 7.02%
1,500 1,711 1,499 out of 1,711 applicants to receive 100 shares 5.84%
2,000 1,814 100 shares plus 44 out of 1,814 applicants to receive
an additional 100 shares
5.12%
2,500 774 100 shares plus 122 out of 774 applicants to receive
an additional 100 shares
4.63%
3,000 1,134 100 shares plus 315 out of 1,134 applicants to
receive an additional 100 shares
4.26%
3,500 527 100 shares plus 206 out of 527 applicants to receive
an additional 100 shares
3.97%
4,000 676 100 shares plus 335 out of 676 applicants to receive
an additional 100 shares
3.74%
4,500 506 100 shares plus 301 out of 506 applicants to receive
an additional 100 shares
3.54%
5,000 1,072 100 shares plus 738 out of 1,072 applicants to
receive an additional 100 shares
3.38%
– 15 –


--- page 16 ---
Number
of H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of H
Shares applied for
Pool A
6,000 537 100 shares plus 465 out of 537 applicants to receive
an additional 100 shares
3.11%
7,000 400 200 shares plus 12 out of 400 applicants to receive
an additional 100 shares
2.90%
8,000 422 200 shares plus 77 out of 422 applicants to receive
an additional 100 shares
2.73%
9,000 343 200 shares plus 112 out of 343 applicants to receive
an additional 100 shares
2.59%
10,000 1,732 200 shares plus 803 out of 1,732 applicants to
receive an additional 100 shares
2.46%
20,000 821 300 shares plus 488 out of 821 applicants to receive
an additional 100 shares
1.80%
30,000 383 400 shares plus 186 out of 383 applicants to receive
an additional 100 shares
1.50%
40,000 267 500 shares plus 66 out of 267 applicants to receive
an additional 100 shares
1.31%

Total 65,651 Total number of Pool A successful applicants: 29,723

– 16 –


--- page 17 ---
Number
of H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number of H
Shares applied for
Pool B
50,000 579 1,700 shares plus 435 out of 579 applicants to
receive an additional 100 shares
3.55%
60,000 126 2,100 shares plus 26 out of 126 applicants to receive
an additional 100 shares
3.53%
70,000 80 2,400 shares plus 52 out of 80 applicants to receive
an additional 100 shares
3.52%
80,000 47 2,800 shares plus 4 out of 47 applicants to receive an
additional 100 shares
3.51%
90,000 61 3,100 shares plus 30 out of 61 applicants to receive
an additional 100 shares
3.50%
100,000 120 3,400 shares plus 107 out of 120 applicants to
receive an additional 100 shares
3.49%
200,000 50 6,800 shares plus 29 out of 50 applicants to receive
an additional 100 shares
3.43%
300,000 24 10,100 shares plus 20 out of 24 applicants to receive
an additional 100 shares
3.39%
400,000 14 13,500 shares 3.38%
500,000 10 16,700 shares plus 6 out of 10 applicants to receive
an additional 100 shares
3.35%
600,000 3 20,000 shares 3.33%
815,000 31 26,900 shares plus 21 out of 31 applicants to receive
an additional 100 shares
3.31%

Total 1,145 Total number of Pool B successful applicants: 1,145

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.
– 17 –


--- page 18 ---
OTHERS/ADDITIONAL INFORMATION
Offer Size Adjustment Option and reallocation
As the Hong Kong Public Offering has been oversubscribed by 100 times or more, the reallocation
as described in the section headed “Structure of the Global Offering – The Hong Kong Public
Offering – Reallocation” of the Prospectus has been applied.
The Offer Size Adjustment Option has been fully exercised by the Sponsor-Overall Coordinator,
pursuant to which the Company is issuing and allotting 2,444,900 additional Offer Shares,
representing approximately 15% of the total number of Offer Shares initially available under
the Global Offering, at the Offer Price. All of the additional Offer Shares that would be allotted
and issued by the Company pursuant to the full exercise of the Offer Size Adjustment Option
will be allocated to the International Offering. Accordingly, the total number of Offer Shares
finally available under the Global Offering (taking into account the full exercise of the Offer
Size Adjustment Option and before any exercise of the Over-allotment Option) that would be
allotted and issued by the Company is 18,744,400 Offer Shares and the total issued share capital
of the Company upon Listing (taking into account the full exercise of the Offer Size Adjustment
Option and before any exercise of the Over-allotment Option) will be 111,107,780 Shares.
As a result of the above, the final number of Offer Shares under the Hong Kong Public Offering
is adjusted to 8,149,800 Shares, representing approximately 43.48% of the total number of Offer
Shares available under the Global Offering (assuming the Over-allotment Option is not exercised
and no additional Shares are issued pursuant to our Restricted Share Incentive Plans), and the
final number of Offer Shares under the International Offering is adjusted to 10,594,600 Shares,
representing approximately 56.52% of the total number of Offer Shares under the Global Offering
(assuming the Over-allotment Option is not exercised).
– 18 –


--- page 19 ---
Allocations of Offer Shares to certain Cornerstone Investors and/or their close associates
with a consent under paragraph 17 of Chapter 4.15 of the Guide
The Company has applied to, and the Stock Exchange has granted, a consent under paragraph
17 of Chapter 4.15 of the Guide for New Listing Applicants to permit the Company to allocate
further Offer Shares in the International Offering to certain Cornerstone Investors and/or their
close associates as placees, subject to the following conditions:
(a) the final offering size of the Global Offering, excluding any over-allocation, will be of a
total value of at least HK$1 billion;
(b) the Offer Shares allocated to all existing Shareholders and their close associates as permitted
under the Size-based Exemption (as defined in the Guide) do not exceed 30% of the total
number of the Shares offered under the Global Offering;
(c) each Director, chief executive, Controlling Shareholders and Supervisors of the Company
confirms that no Offer Shares have been allocated to them or their respective close associates
under the Size-based Exemption;
(d) the allocation to certain Cornerstone Investors and/or their close associates will not affect
the Company’s ability to satisfy the public float requirement under Rule 8.08(1) of the
Listing Rules; and
(e) details of the allocation to the Cornerstone Investors and/or their close associates under
the Size-based Exemption will be disclosed in this announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange.
For details of the allocations of Offer Shares to certain Cornerstone Investors and/or their close
associates, please refer to the section headed “Allotment Results Details – International Offering
– Allotees with Waivers/Consents Obtained” in this announcement.
– 19 –


--- page 20 ---
Allocation of H Shares to Existing Minority Shareholders and 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 Appendix F1 to the Listing Rules
As disclosed in the Prospectus, 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 Appendix F1 to the Listing Rules to permit the Company
to allocate such Offer Shares certain Existing Minority Shareholders and their close associates
on the following conditions:
(i) each Existing Minority Shareholder to whom our Company may allocate the H Shares in
the International Offering holds less than 5% of our Company’s voting rights prior to the
completion of the Global Offering;
(ii) each Existing Minority Shareholder is not, and will not be, a core connected person of our
Company or any close associate of any such core connected person immediately prior to
or following the Global Offering;
(iii) none of the Existing Minority Shareholders has the right to appoint any Directors and/or
any other special rights;
(iv) allocation to the Existing Minority Shareholders and/or their close associates will not affect
our Company’s ability to satisfy the public float requirement as prescribed under Rule 8.08
of the Listing Rules;
(v) each of our Company, the Sole Sponsor and the Overall Coordinators shall confirm to the
Stock Exchange in writing that, to the best of its knowledge and belief, it has no reason
to believe that the Existing Minority Shareholders or their close associates received any
preferential treatment in any allocation in the International Offering by virtue of their
relationship with our Company; and
(vi) details of the allocation to the Existing Minority Shareholders holding more than 1% of
the issued share capital of our Company immediately prior to the completion of the Global
Offering will be disclosed in the Prospectus and/or this announcement, as the case may be.
Please refer to the section headed “Waivers from strict compliance with the Listing Rules
– Allocation of H shares to existing minority shareholders and their close associates” in the
Prospectus for further details of the waiver and consent.
– 20 –


--- page 21 ---
For details of the allocations of Offer Shares to the Minority Existing Shareholders holding more
than 1% of the issued share capital of the Company immediately prior to the completion of the
Global Offering, please refer to the section headed “Allotment Results Details – International
Offering – Allotees with Waivers/Consents Obtained” in this announcement.
The allocation of Offer Shares to such Minority Existing Shareholders is in compliance with all
the conditions under the waiver/consent granted by the Stock Exchange.
Placing to connected clients with a prior consent under paragraph 5(1) of Appendix F1 to
the Listing Rules
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a consent
under paragraph 5(1) of Appendix F1 to the Listing Rules to permit the Company to allocate
certain Offer Shares in the International Offering to connected clients. The allocation of Offer
Shares to such connected client is in compliance with all the conditions under the consent granted
by the Stock Exchange.
– 21 –


--- page 22 ---
Details of the placement to the connected clients are set out below.
No.
Connected
client
Connected
distributor
Relationship with the
connected distributor
Basis of
holding
securities
Number
of Offer
Shares
Ultimate beneficial owner of the Offer
Shares allocated to the connected client
Percentage of
the Offer Shares
(taking into
account the full
exercise of Offer
Size Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
Percentage of
the issued
Shares of
the Company
immediately
upon completion
of the Global
Offering (taking
into account
the full exercise
of Offer Size
Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
1. CICC Financial
Trading Limited
(“CICC FT”)
China International
Capital Corporation
Hong Kong
Securities Limited
(“CICCHKS”)
CICC FT is a wholly-
owned subsidiary of
China International
Capital Corporation
Limited (“CICCL”),
of which its shares are
listed on the Shanghai
Stock Exchange (stock
code: 601995) and the
Stock Exchange (stock
code: 3908). CICCHKS
is an indirectly wholly
owned subsidiary of
CICCL. Therefore,
CICC FT and
CICCHKS are members
of the same group of
companies.
Non-
discretionary
on behalf of
independent
third parties
5,200 CICC FT and CICCL will enter into a series of
cross border delta-one OTC swap transactions
(collectively, the “OTC Swaps”) with each
other and the ultimate client (the “CICC
FT Ultimate Client”), pursuant to which
CICC FT will hold the Offer Shares on a
non-discretionary basis to hedge the OTC
Swaps while the economic risks and returns
of the underlying Offer Shares are passed
to the CICC FT Ultimate Client, subject to
customary fees and commissions. The OTC
Swaps will be fully funded by the CICC FT
Ultimate Client. During the terms of the OTC
Swaps, all economic returns of the Offer Shares
subscribed by CICC FT will be passed to the
CICC FT Ultimate Client and all economic loss
shall be borne by the CICC FT Ultimate Client
through the OTC Swaps, and CICC FT will not
take part in any economic return or bear any
economic loss in relation to the Offer Shares.
Despite that CICC FT will hold the legal title
of the Offer Shares by itself, it will not exercise
the voting rights attaching to the relevant Offer
Shares during the terms of the OTC Swaps
according to its internal policy.
The CICC FT Ultimate Client is Shenzhen Ci
Yao Asset Management Co., Ltd – Ci Yao Kai
Xi No. 6 Private Equity Securities Investment
Fund (ʮ̡ – ฉᓚ௱
Ҏ6ږwith 5,200 Offer
Shares allocated to it. No ultimate beneficial
owner holds 30% or more interest therein.
0.028% 0.005%
– 22 –


--- page 23 ---
No.
Connected
client
Connected
distributor
Relationship with the
connected distributor
Basis of
holding
securities
Number
of Offer
Shares
Ultimate beneficial owner of the Offer
Shares allocated to the connected client
Percentage of
the Offer Shares
(taking into
account the full
exercise of Offer
Size Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
Percentage of
the issued
Shares of
the Company
immediately
upon completion
of the Global
Offering (taking
into account
the full exercise
of Offer Size
Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
2. Guotai Junan
Investments
(Hong Kong)
Limited
(“GTJA
Investments”)
Guotai Junan
Securities (Hong
Kong) Limited
(“GTJA HK”)
GTJA Investments is
a member of the same
group of companies as
GTJA HK.
Non-
discretionary
on behalf of
independent
third parties
30,700
(total)
GTJA Investments shall hold the Offer
Shares for hedging purpose as the single
underlying asset of a cross border delta one
back-to-back total return swap transaction (the
“GTHT Back-to-back TRS”) to be entered
into between GTJA Investments and Guotai
Haitong Securities Co. Ltd. (“GTHTS”) in
connection with a total return swap order (the
“GTHT Clients TRS”) to be entered into by
GTHTS and the GTHT Clients (the “GTHT
Clients”). Such GTHT Clients TRS is to be
fully funded by the GTHT Clients. The full
economic exposure of the Offer Shares will be
passed to GTHTS and accordingly to the GTHT
Clients under the GTHT Back-to-back TRS
and GTHT Clients TRS, which in effect, GTJA
Investments will hold the beneficial interest
of the Offer Shares on behalf of GTHTS (and
accordingly the GTHT Clients). The GTHT
Clients may exercise an early termination right
to early terminate the GTHT Clients TRS at
any time from the trade date of the GTHT
Clients TRS which should be on or after the
date on which the Offer Shares are listed on
the Hong Kong Stock Exchange. Accordingly,
GTHTS may exercise an early termination right
to early terminate the GTHT Back-to-back TRS
at any time from the trade date of the GTHT
Back-to-back TRS which should be on or after
the date on which the Offer Shares are listed on
the Hong Kong Stock Exchange.
0.16% 0.03%
– 23 –


--- page 24 ---
No.
Connected
client
Connected
distributor
Relationship with the
connected distributor
Basis of
holding
securities
Number
of Offer
Shares
Ultimate beneficial owner of the Offer
Shares allocated to the connected client
Percentage of
the Offer Shares
(taking into
account the full
exercise of Offer
Size Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
Percentage of
the issued
Shares of
the Company
immediately
upon completion
of the Global
Offering (taking
into account
the full exercise
of Offer Size
Adjustment
Option and
assuming the
Over-allotment
Option is not
exercised)
Upon the final maturity or early termination of
the GTHT Clients TRS by the GTHT Clients
and accordingly the final maturity or early
termination of the GTHT Back-to-back TRS
by GTHTS, GTJA Investments will dispose
the Offer Shares on the secondary market and
the GTHT Clients ultimately will receive a
final termination amount of the GTHT Clients
TRS, which should have taken into account
all the economic returns or economic loss in
relation to the Offer Shares, the fixed amount
in relation to the GTHT Back-to-back TRS and
the GTHT Clients TRS. GTJA Investments
will hold the legal title and the voting right of
the Offer Shares by itself and pass through the
economic exposure to GTHTS and accordingly
the GTHT Clients.
The GTHT Clients are:
29,000 1. 29,000 Offer Shares allocated
to Eternal Grand Investment
Management Co., Ltd. The ultimate
beneficial owners who hold 30% or
more interest therein are Wu Chengzhi
and Wang Shuilin, respectively.
0.155% 0.0261%
400 2. 400 Offer Shares allocated to
Shanghai Yongjin Investment Co.,
Ltd. The ultimate beneficial owner
who holds 30% or more interest
therein is Xie Xiaoyong.
0.002% 0.0004%
1,300 3. 1,300 Offer Shares allocated to
Shandong Jinling Investment
Management Co., Ltd. The ultimate
beneficial owner who holds 30%
or more interest therein is Sun
Mengquan.
0.007% 0.0012%
– 24 –


--- page 25 ---
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 shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or
indirectly, provided by the issuer, its controlling shareholder(s), directors or syndicate members
to any placees or the public (as the case may be) and the consideration payable by them for
each share (or, where applicable, each unit of other equity securities or interests (which include
equity securities, interests in a REIT, stapled securities and securities of an investment company
(as defined in rule 21.01))) of the issuer subscribed for or purchased by them is the same as the
final offer price determined by the issuer, in addition to any brokerage, AFRC transaction levy,
SFC transaction levy and trading fee payable.
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
“Stock Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy
or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or
into the United States (including its territories and possessions, any state of the United States
and the District of Columbia). This announcement does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in the United States. The securities
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 June 30, 2025 issued by Fortior Technology
(Shenzhen) Co., Ltd. for detailed information about the Global Offering described herein before
deciding whether or not to invest in the Shares thereby being offered.
– 25 –


--- page 26 ---
*Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinator
(for itself 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 July 9, 2025).
PUBLIC FLOAT
Immediately following the completion of the Global Offering (after taking into account the full
exercise of the Offer Size Adjustment Option, before any exercise of the Over-allotment Option
and no additional Shares are issued pursuant to our Restricted Share Incentive Plans), over 25%
of the total issued share capital of the Company will be held in the public hands, satisfying the
minimum percentage requirement in compliance with Rule 8.08(1) of the Listing Rules.
The Directors confirm that, immediately following completion of the Global Offering: (i) 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; (ii) 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; (iii) no placee will, individually, be placed more than 10% of the enlarged
issued share capital of the Company immediately after the Global Offering; and (iv) 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
Wednesday, July 9, 2025, 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 Share certificates or the
Share certificates becoming valid evidence of title do so entirely at their own risk.
– 26 –


--- page 27 ---
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong
time) on Wednesday, July 9, 2025, it is expected that dealings in the H Shares on the Stock
Exchange will commence at 9:00 a.m. on Wednesday, July 9, 2025. The H Shares will be traded
in board lots of 100 H Shares each. The stock code of the H Shares is 1304.
By order of the Board
Fortior Technology (Shenzhen) Co., Ltd.
BI Lei
Chairman of the Board
Hong Kong, July 8, 2025
As of the date of this announcement, the Directors are: (i) Mr. BI Lei and Dr. BI Chao as
executive Directors, and (ii) Dr. LIN Mingyao, Dr. NIU Shuangxia and Mr. CHEN Jingyang as
independent non-executive Directors.
– 27 –