geometrybase
8a0dfd88f0
Request: - Add extracted PDF text generation to the archivist workflow as a standard step. Changes: - Run PDF text extraction automatically for newly archived HKEX PDF sources. - Make the PDF text extractor incremental and manifest-preserving. - Document extracted-text handling in the archivist skill and README. - Mark generated extracted text as no-diff data evidence. - Backfill extracted text for all archived PDF source references. Verification: - Ran git diff --cached --check. - Ran .venv/bin/python -m py_compile scripts/extract_pdf_text.py scripts/archive_hkex_documents.py. - Ran full PDF extraction, then confirmed an incremental rerun skips unchanged files. - Verified 557 PDF source_refs, 557 manifest rows, all status ok, and zero missing text/hash/path issues. Next useful context: - HKEX HTML notices and Yahoo JSON market data remain under data/raw and are not expected in data/extracted_text.
386 lines
14 KiB
Plaintext
386 lines
14 KiB
Plaintext
--- page 1 ---
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PERSISTENCE RESOURCES GROUP LTD / 集海資源集團有限公司
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ANNOUNCEMENT OF FINAL OFFER PRICE AND
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ALLOTMENT RESULTS
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Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
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as those defined in the prospectus dated 14 December 2023 (the “ Prospectus”) issued by Persistence
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Resources Group Ltd (the “Company”).
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Warning: In view of high concentration of shareholding in a small number of Shareholders,
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Shareholders and prospective investors should be aware that the price of the Shares could move
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substantially even with a small number of Shares traded and should exercise extreme caution when
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dealing in the Shares.
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SUMMARY
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Company information
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Stock code 2489
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Stock short name PERSISTENCE RES
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Dealings commencement date 22 December 2023*
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*see note at the end of the announcement
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Price Information
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Final Offer Price HK$0.55
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Offer Price Range HK$0.55 - HK$0.75
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Offer Price Adjustment exercised No
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Offer Shares and Share Capital
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Number of Offer Shares 500,000,000
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Number of Offer Shares in Hong Kong Public Offering 50,000,000
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Number of offer shares in International Offering 450,000,000
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Number of issued shares upon Listing 2,000,000,000
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Over-allocation
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No. of Offer Shares over-allocated 0
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No Over-allotment Option has been granted.
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Proceeds
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Gross proceeds (Note) HK$ 275.00 million
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Less: Estimated listing expenses payable based on Final
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Offer Price
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HK$ (58.00) million
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Net proceeds HK$ 217.00 million
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Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
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proceeds, please refer to the Prospectus dated 14 December 2023.
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--- page 2 ---
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ALLOTMENT RESULTS DETAILS
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HONG KONG PUBLIC OFFERING
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No. of valid applications 6,134
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No. of successful applications 4,640
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Subscription level 8.76 times
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Claw-back triggered No
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No. of Offer Shares initially available under the Hong Kong Public
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Offering
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50,000,000
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Final no. of Offer Shares under the Hong Kong Public Offering 50,000,000
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% of Offer Shares under the Hong Kong Public Offering to the
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Global Offering
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10.00%
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Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
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https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
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https://www.hkeipo.hk/iporesult for the full list of allottees.
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INTERNATIONAL OFFERING
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No. of placees 145
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Subscription Level 1.03 times
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No. of Offer Shares initially available under the International
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Offering
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450,000,000
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Final no. of Offer Shares under the International Offering 450,000,000
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% of Offer Shares under the International Offering to the Global
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Offering
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90.00%
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The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
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subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
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Directors, chief executive of the Company, controlling shareholders, substantial shareholders, existing
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shareholders of the Company or any of its subsidiaries or their respective close associates ; and (ii) none of
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the placees and the public who have purchased the Offer Shares are accustomed to taking instructions from
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the Company, any of the Directors, chief executive of the Company, controlling shareholders, substantial
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shareholders, existing shareholders of the Company or any of its subsidiari es or their respective close
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associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
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name or otherwise held by him/her/it.
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--- page 3 ---
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The placees in the International Offering include the following:
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Cornerstone Investor
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Investor
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No. of
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Offer
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Shares
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allocated
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% of Offer
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Shares
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% of total
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issued share
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capital after the
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Global Offering
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Existing
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shareholders or
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their close
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associates
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Dongfang Gold
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Industry (Hong
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Kong) Limited / 東
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方金業(香港)有限
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公司 198,000,000 39.60% 9.90% No
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Total 198,000,000 39.60% 9.90%
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LOCK-UP UNDERTAKINGS
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Controlling Shareholder
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Name
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Number of shares held
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in the Company subject
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to lock-up
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undertakings upon
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listing
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% of shareholding in
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the Company subject to
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lock-up undertakings
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upon listing
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Last day subject to the
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lock-up undertakings
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Majestic Gold Corp. / - 1,410,000,000 70.50% 21 June 2024 (First Six-
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Month Period) Note 1
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21 December 2024
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(Second Six-Month
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Period) Note 2
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Total 1,410,000,000 70.50%
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Notes
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1. The Controlling Shareholder may dispose of or transfer Shares after the indicated date subject to that the Controlling
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Shareholder will not cease to be a Controlling Shareholder.
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2. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after the indicated
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date.
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--- page 4 ---
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Cornerstone Investor
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Name
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Number of shares held
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in the Company subject
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to lock-up
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undertakings upon
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listing
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% of shareholding in
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the Company subject to
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lock-up undertakings
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upon listing
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Last day subject to the
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lock-up undertakings
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Dongfang Gold Industry
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(Hong Kong) Limited /
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東方金業(香港)有限公
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司
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198,000,000 9.90% 21 December 2024 Note 1
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Total 198,000,000 9.90%
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Notes
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1. The Cornerstone Investor will cease to be prohibited from disposing of or transfer ring Shares after the indicated
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date.
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--- page 5 ---
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PLACEE CONCENTRATION ANALYSIS
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Placees Number of Shares allotted
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Allotment as % of International
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Offering Allotment as % of total Offer Shares
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Number of
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Shares held upon Listing
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% of total issued share capital upon
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Listing
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Top 1 198,000,000 44.00% 39.60% 198,000,000 9.90%
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Top 5 285,265,000 63.39% 57.05% 285,265,000 14.26%
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Top 10 364,455,000 80.99% 72.89% 364,455,000 18.22%
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Top 25 436,735,000 97.05% 87.35% 436,735,000 21.84%
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Notes
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* Ranking of placees is based on the number of Shares allotted to the placees.
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--- page 6 ---
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SHAREHOLDER CONCENTRATION ANALYSIS
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Shareholders
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Number of
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Shares allotted
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Allotment as % of
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International Offering
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Allotment as % of total
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Offer Shares
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Number of Shares held
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upon Listing
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% of total issued share
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capital upon Listing
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Top 1 0 0.00% 0.00% 1,410,000,000 70.50%
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Top 5 267,085,000 59.35% 53.42% 1,677,085,000 83.85%
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Top 10 352,705,000 78.38% 70.54% 1,762,705,000 88.14%
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Top 25 437,215,000 95.07% 87.44% 1,856,215,000 92.81%
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Notes
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* 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
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Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
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the public will be conditionally allocated on the basis set out below:
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Pool A:
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No. of Shares
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Applied For
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No. of Valid
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Application Basis of Allocation
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Approx. % Allotted
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of the Total No. of
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Hong Kong Offer
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Shares Applied For
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5,000 2,560 1,536 out of 2,560 applicants to receive 5,000 shares 60.00%
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10,000 1,025 683 out of 1,025 applicants to receive 5,000 shares 33.32%
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15,000 210 156 out of 210 applicants to receive 5,000 shares 24.76%
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20,000 126 100 out of 126 applicants to receive 5,000 shares 19.84%
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25,000 115 97 out of 115 applicants to receive 5,000 shares 16.87%
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30,000 98 86 out of 98 applicants to receive 5,000 shares 14.63%
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35,000 160 146 out of 160 applicants to receive 5,000 shares 13.04%
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40,000 71 67 out of 71 applicants to receive 5,000 shares 11.80%
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45,000 18 5,000 shares 11.11%
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50,000 159 5,000 shares 10.00%
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60,000 821 5,000 shares plus 27 out of 821 applicants to receive an
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additional 5,000 shares
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8.61%
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70,000 25 5,000 shares plus 2 out of 25 applicants to receive an
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additional 5,000 shares
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7.71%
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80,000 18 5,000 shares plus 2 out of 18 applicants to receive an
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additional 5,000 shares
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6.94%
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90,000 18 5,000 shares plus 3 out of 18 applicants to receive an
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additional 5,000 shares
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6.48%
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100,000 214 5,000 shares plus 36 out of 214 applicants to receive an
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additional 5,000 shares
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5.84%
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150,000 97 5,000 shares plus 28 out of 97 applicants to receive an
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additional 5,000 shares
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4.30%
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--- page 7 ---
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200,000 61 5,000 shares plus 23 out of 61 applicants to receive an
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additional 5,000 shares
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3.44%
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250,000 87 5,000 shares plus 40 out of 87 applicants to receive an
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additional 5,000 shares
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2.92%
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300,000 37 5,000 shares plus 20 out of 37 applicants to receive an
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additional 5,000 shares
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2.57%
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350,000 14 5,000 shares plus 9 out of 14 applicants to receive an
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additional 5,000 shares
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2.35%
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400,000 43 5,000 shares plus 29 out of 43 applicants to receive an
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additional 5,000 shares
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2.09%
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450,000 5 5,000 shares plus 4 out of 5 applicants to receive an
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additional 5,000 shares
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2.00%
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500,000 36 5,000 shares plus 29 out of 36 applicants to receive an
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additional 5,000 shares
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1.81%
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600,000 19 5,000 shares plus 16 out of 19 applicants to receive an
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additional 5,000 shares
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1.54%
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700,000 21 5,000 shares plus 19 out of 21 applicants to receive an
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additional 5,000 shares
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1.36%
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800,000 7 10,000 shares 1.25%
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900,000 6 10,000 shares 1.11%
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1,000,000 28 10,000 shares plus 1 out of 28 applicants to receive an
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additional 5,000 shares
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1.02%
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1,500,000 12 10,000 shares plus 3 out of 12 applicants to receive an
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additional 5,000 shares
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0.75%
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2,000,000 5 10,000 shares plus 2 out of 5 applicants to receive an
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additional 5,000 shares
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0.60%
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2,500,000 3 10,000 shares plus 2 out of 3 applicants to receive an
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additional 5,000 shares
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0.53%
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3,000,000 2 15,000 shares 0.50%
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5,000,000 1 15,000 shares 0.30%
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6,000,000 3 15,000 shares plus 1 out of 3 applicants to receive an
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additional 5,000 shares
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0.28%
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Total 6,125 25,000,000 shares
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--- page 8 ---
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Pool B:
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No. of Shares
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Applied For
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No. of Valid
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Application Basis of Allocation
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Approx. % Allotted
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of the Total No. of
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Hong Kong Offer
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Shares Applied For
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7,000,000 7 2,230,000 shares 31.86%
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10,000,000 1 3,150,000 shares 31.50%
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20,000,000 1 6,240,000 shares 31.20%
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Total: 9 25,000,000 shares
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As of the date of this announcement, the relevant subscription monies previously deposited in the
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designated nominee accounts have been remitted back to the accounts of all HKSCC participants .
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Investors should contact their relevant brokers for any inquiri es.
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COMPLIANCE WITH LISTING RULES AND GUIDANCE
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The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
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which consent has been obtained, the Company has complied with the Listing Rules and guidance
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materials in relation to the placing, allotment and listing of the Company’s shares.
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The Directors confirm that, to the best of their knowledge, the consideration paid by the placees or the
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public (as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by
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them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
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transaction levy and trading fee payable.
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DISCLAIMERS
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
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“Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take
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no responsibility for the contents of this announcement, make no representation as to its
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accuracy or completeness and expressly disclaim any liability whatsoever for any loss
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howsoever arising from or in reliance upon the whole or any part of the contents of this
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announcement.
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This announcement is not for release, publication, distribution, directly or indirectly, in or into
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the United States (including its territories and possessions, any state of the United States and
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the District of Columbia). This announcement does not constitute or form a part of any o ffer or
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solicitation to purchase or subscribe for securities in the United States. The securities
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mentioned herein have not been, and will not be, registered under the United States Securities
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Act of 1933, as amended (the “U.S. Securities Act”). The secu rities may not be offered or sold
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in the United States except pursuant to an exemption from the registration requirements of the
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U.S. Securities Act and in compliance with any applicable state securities laws, or outside the
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United States unless in compliance with Regulation S under the U.S. Securities Act. There will
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be no public offer of s ecurities in the United States.
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The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined
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in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under the
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U.S. Securities Act and (2) outside the United States in offshore transactions in reliance on
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Regulation S under the U.S. Securities Act.
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--- page 9 ---
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This announcement is for information purposes only and does not constitute an invitation or
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offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
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Potential investors should read the Prospectus dated 14 December 2023 issued by Persistence
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Resources Group Ltd for detailed information about the Global Offering described below before
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deciding whether or not to invest in the Shares thereby being offered.
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*Potential investors of the Offer Shares should note that the Overall Coordinator (for itself
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and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations
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under the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of
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any of the events set out in the paragraph headed “Underwriting – Underwriting
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Arrangements and Expenses – Hong Kong Public Offering – Hong Kong Underwriting
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Agreement – Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong
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Kong time) on the Listing Date (which is currently expected to be on 22 December 2023 ).
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By order of the Board
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Persistence Resources Group Ltd
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SHAO Xuxin
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Chairman, Chief Executive Officer and Executive Director
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Hong Kong, 21 December 2023
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As at the date of this announcement, the Board comprises Dr. Shao Xuxin, Mr. Mackie James Thomas,
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Mr. Lo Cheuk Kwong Raymond and Mr. Chen Shaohui as executive Directors; and Dr. Malaihollo
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Jeffrey Francis A, Mr. Chan Ngai Fan, Dr. Zeng Ming and Ms. Liu Li as independent non-executive
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Directors.
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