hk-ipo/data/extracted_text/02768/allotment_results_2026-02-03_2026020302602.txt

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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms in this announcement shall have the same meanings as those defined
in the prospectus dated 27 January 2026 ( “Prospectus ”) issued by Qingdao Gon Technology Co., Ltd. (߅ࢸ
ʮ̡ ) (the “Company ”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer
by any person to acquire, purchase or subscribe for securities of the Company. This announcement is not a prospectus.
Potential investors should read the Prospectus for detailed information about the Company, the Hong Kong Public
Offering and the International Offering described below before deciding whether or not to invest in the Offer Shares.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of Offer Shares in any jurisdiction in which such offer, solicitation or sales would be unlawful. This announcement is
not for release, publication or distribution, directly or indirectly, in or into the United States for sale or solicitation to
purchase or subscribe for securities in the United States or any other jurisdictions. The Offer Shares have not been,
and will not be, registered under the United States Securities Act 1933, as amended or supplemented from time to
time (the “U.S. Securities Act ”) or any state securities law of the United States and may not be offered, sold, pledged,
transferred or delivered within the United States, except pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the U.S. Securities Act and state securities laws of the United States. The Offer
Shares are being offered and sold outside of the United States as offshore transactions in accordance with Regulation
S under the U.S. Securities Act and the applicable laws of each jurisdiction where those offers and sales occur. There
will not be and is not currently intended to be any public offering of securities of the Company in the United States.
Potential investors of the Offer Shares should note that the Sole Overall Coordinator (for itself and on behalf of the
other Hong Kong Underwriters) shall be entitled to terminate the Hong Kong Underwriting Agreement with immediate
effect upon the occurrence of any of the events set out in “Underwriting – Underwriting Arrangements and Expenses
– Hong Kong Public Offering – Grounds for Termination ” in the Prospectus at any time at or prior to 8:00 a.m. (Hong
Kong time) on the Listing Date (which is currently expected to be on 4 February 2026).


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QINGDAO GON TECHNOLOGY 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
: 30,000,000 H Shares
Number of Hong Kong Offer Shares :  3,000,000 H Shares
Number of International Offer Shares : 27,000,000 H Shares
Final Offer Price :  HK$36.00 per H 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 : 2768
Sole Sponsor, Sponsor-Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Joint Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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Qingdao Gon Technology 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 27 January 2026 (the “Prospectus ”) issued by
Qingdao Gon Technology Co., Ltd. (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 2768
Stock short name GON TECHNOLOGY
Dealings commencement date 4 February 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$36.00
Offer Price Range HK$34.00 – HK$42.00
Offer Shares and Share Capital
Number of Offer Shares 30,000,000
Number of Offer Shares in Hong Kong Public Offering 3,000,000
Number of Offer Shares in International Offering 27,000,000
Number of issued Shares upon Listing 301,250,000
Proceeds
Gross proceeds  (Note) HK$1,080.0 million
Less: Estimated listing expenses payable based on final Offer Price HK$(79.6) million
Net proceeds HK$1,000.4 million
Note:  Gross proceeds refers to the amount to which the Company is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds ” of the Prospectus dated 27
January 2026.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 171,047
No. of successful applications 14,819
Subscription level 2,251.85 times
Reallocation No
No. of Offer Shares initially available under the Hong Kong Public
Offering
3,000,000
No. of Offer Shares reallocated from the International Offering 0
Final no. of Offer Shares under the Hong Kong Public Offering 3,000,000
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering (Note)
10%
Note:
1. For details of the final allocation of Shares to the Hong Kong Public Offering, investors can
refer to www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 88
Subscription level 10.03 times
No. of Offer Shares initially available under the International
Offering
27,000,000
No. of Offer Shares reallocated to the Hong Kong Public Offering 0
Final no. of Offer Shares under the International Offering 27,000,000
% of Offer Shares under the International Offering to the Global
Offering
90%


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The Directors confirm that, to the best of their knowledge, information and belief, save for (a)
consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants (the “Guide ”)
to permit the Company to, among other things, allocate further H Shares in the International
Offering to the Cornerstone Investors and/or their close associates and (b) a consent under
paragraph 1C(1) of Appendix F1 to the Listing Rules (the “Placing Guidelines ”) granted by the
Stock Exchange to permit H Shares in the International Offering to be placed to certain 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, 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, 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.
The placees in the International Offering include the following:
Cornerstone Investors
Investor
No. of Offer
Shares
Allocated Note 1
% of total issued
H Shares after
the Global
Offering Note 2 & 3
% of total issued
share capital in
the Company
after the Global
Offering Note 3
Existing
shareholders
or their close
associates
Nice First Investments Limited
 ( “Nice First ”) 1,072,000 3.57% 0.36% No
SLD International Enterprises
 Limited ( “SLD”) 2,222,200 7.41% 0.75% No
Cheng A International Co., Limited 498,000 1.66% 0.17% No
Shenwan Hongyuan Securities
 Co., Ltd. 216,400 0.72% 0.07% No
First Seafront Fund Series SPC 3,055,400 10.18% 1.04% No
New Harvest Wealth Securities
 Company Limited 416,600 1.39% 0.14% No
Luminous Horizon Limited 1,111,000 3.70% 0.38% No
Fullgoal Asset Management (HK)
 Limited ( “Fullgoal HK ”) 277,600 0.93% 0.09% No


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Notes:
1. Excluding Offer Shares allotted to Cornerstone Investors and/or their close associates with consent under Chapter 4.15 of the Guide (if
any).
2. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be issued under the Global
Offering.
3. Not taking into account of the 6,250,000 treasury shares.
4. In addition to the Offer Shares subscribed for as Cornerstone Investors, Nice First Investment Limited, SLD International Enterprises
Limited, Shenwan Hongyuan Securities Co., Ltd., New Harvest Wealth Securities Company Limited and Fullgoal HK and/or their close
associates, where applicable, were allocated further Offer Shares as placees in the International Offering. Please refer to the section
headed “Allotment Results Details – International Offering – Allotees with Waivers/Consents Obtained ” in this announcement for further
details. Only the Offer Shares subscribed for as Cornerstone Investors are subject to lock-up as indicated below. For details, please refer
to the section headed “Lock-up Undertakings – Cornerstone Investors ” in this announcement.


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Allottees with Waivers/Consents Obtained
Investor
No. of
Offer Shares
Allocated
% of total issued
H Shares after
the Global
Offering Notes 4 & 5
% of total issued
share capital
in the Company
after the Global
Offering Note 5 Relationship
Allottees with consent under paragraph 18 of Chapter 4.15 of the Guide in relation to allocations of further H
Shares to Cornerstone Investors and/or their close associates
Nice First Investments Limited 1,063,000 3.54% 0.36% Same entity as the
 Cornerstone Investor
Zhou Wanyuan 2,361,000 7.87% 0.80% Close associate of the
 Cornerstone
 Investor (3)
Shenwan Hongyuan
 Securities Co., Ltd.
833,000 2.78% 0.28% Same entity as the
 Cornerstone Investor
New Harvest Wealth
 Securities Company Limited
833,000 2.78% 0.28% Same entity as the
 Cornerstone Investor
Fullgoal HK 416,000 1.39% 0.14% Same entity as the
 Cornerstone Investor
Allotees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide in relation
to allocations to connected clients Note 2
CITIC Securities International
 Capital Management Limited
56,000 0.19% 0.02% Connected Client as a
placee
GF Securities Asset
 Management (Guangdong)
 Co., Ltd. Note 6
1,049,400 3.5% 0.36% Connected Client
as a placee and a
Cornerstone Investor
GF Global Capital Limited 555,000 1.85% 0.19% Connected Client as a
placee
Bosera Asset Management
 (International) Co., Limited
416,000 1.39% 0.14% Connected Client as a
placee
China Asset Management
 (Hong Kong) Limited
13,600 0.05% 0.005% Connected Client as a
placee
CMBI (Singapore) Pte. Limited 2,200 0.01% 0.0007% Connected Client as a
placee
Fullgoal HK Note 7 693,600 2.31% 0.24% Connected Client
as a placee and a
Cornerstone Investor
GF International Investment
 Management Limited
750,000 2.50% 0.25% Connected Client as a
placee
E Fund Management Co., Ltd. 444,000 1.48% 0.15% Connected Client as a
placee
E Fund Management (Hong
Kong) Co., Ltd.
111,000 0.37% 0.04% Connected Client as a
placee


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Notes:
1. The number of Offer Shares allocated to the relevant investors listed in this subsection 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. For details of the consent under paragraph 18 of Chapter 4.15 of the Guide in relation to allocations of further H Shares
to the Cornerstone Investors and/or their close associates, please refer to the section headed “Others/Additional Information – Allocations
of Offer Shares to the Cornerstone Investors and their Close Associates with a Consent under paragraph 18 of Chapter 4.15 of the Guide ”
in this announcement.
2. For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide in relation to allocations to
connected clients, please refer to the section headed “Others/Additional Information – Placing to Connected Clients with a Consent under
Paragraph 1C(1) of the Placing Guidelines ” in this announcement.
3. SLD International is a cornerstone investor. SLD International is owned as to Shen Zhenyu ( “Ms. Shen ”). Ms. Shen ’s husband, Zhou
Wanyuan (who is Ms. Shen ’s close associate) is an anchor investor under the International Offering.
4. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be issued under the Global
Offering.
5. Not taking into account of the 6,250,000 treasury shares.
6. Shenwan Hongyuan Securities Co., Ltd. ( “SWHY Securities ”) is a cornerstone investor of the Company. SWHY Securities ’ investment
into the Company was completed through QDII program in the PRC, of which it has engaged GF Securities Asset Management
(Guangdong) Co., Ltd.
7. Fullgoal HK is also allocated with 277,600 Offer Shares (which amounts to approximately 0.72% of the Offer Shares and 0.073% of the
issued share capital in the Company after the Global Offering, respectively), in its capacity as a cornerstone investor.


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LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of 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 (Note 4)
Last day subject
to the lock-up
undertakings (Notes 1, 2)
Wang Aiguo 126,000,000 – 41.83% 3 February 2027
Xu Bo (Note 3) 9,000,000 – 2.98% 3 February 2027
Xinghao Investment 18,000,000 – 5.98% 3 February 2027
Notes:
1. In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month period ends on 3 August
2026 and for the second six-month period ends on 3 February 2027.
2. According to the PRC Company Law, all the Shares held by existing Shareholders (including the Controlling Shareholders) prior to the
Global Offering are subject to a lock-up period of one year from the Listing Date.
3. As of the Latest Practicable Date, Xinghao Investment directly held 18,000,000 A Shares and Xinghao Investment is controlled and held
as to 83.30% by Ms. Xu. By virtue of the SFO, Ms. Xu is deemed to be interested in all the Shares held by Xinghao Investment.
4. Not taking into account of the 6,250,000 treasury shares.


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Cornerstone Investors
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued
H Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing Note 1 & 3
% of
shareholding in
the Company
subject to lock-
up undertakings
upon Listing
Last day subject
to the lock-up
undertakings Note 2 & 3
Nice First Investments Limited 1,072,000 3.57% 0.36% 3 August 2026
SLD International Enterprises Limited 2,222,200 7.41% 0.75% 3 August 2026
Cheng A International Co., Limited 498,000 1.66% 0.17% 3 August 2026
Shenwan Hongyuan Securities
Co., Ltd.
216,400 0.72% 0.07% 3 August 2026
First Seafront Fund Series SPC 3,055,400 10.18% 1.04% 3 August 2026
New Harvest Wealth Securities
Company Limited
416,600 1.39% 0.14% 3 August 2026
Luminous Horizon 1,111,000 3.70% 0.38% 3 August 2026
Fullgoal Asset Management (HK)
 Limited
277,600 0.93% 0.09% 3 August 2026
Subtotal 8,869,200 29.56% 3.01%
Notes:
1. The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be issued under the Global Offering.
2. In accordance with the relevant cornerstone investment agreements, the required lock-up ends on 3 August 2026. The Cornerstone Investors will
cease to be prohibited from disposing of or transferring H Shares subscribed pursuant to the relevant cornerstone investment agreements after the
indicated date.
3. Not taking into account of the 6,250,000 treasury shares.
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 4,583,200 16.97% 15.28% 4,583,200 15.28%
Top 5 14,772,600 54.71% 49.24% 14,772,600 49.24%
Top 10 20,958,600 77.62% 69.86% 20,958,600 69.86%
Top 25 26,451,400 97.97% 88.17% 26,451,400 88.17%
Note:
1. Ranking of placees is based on the number of H Shares allotted to the placees


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H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders (1)
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 4,583,200 16.97% 15.28% 4,583,200 15.28% 4,583,200
Top 5 14,772,600 54.71% 49.24% 14,772,600 49.24% 14,772,600
Top 10 20,958,600 77.62% 69.86% 20,958,600 69.86% 20,958,600
Top 25 26,451,400 97.97% 88.17% 26,451,400 88.17% 26,451,400
Note:
1. Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders (1)
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% 0 126,000,000 42.71%
Top 5 0 0.00% 0.00% 0 166,890,754 55.57%
Top 10 6,805,200 25.20% 22.68% 6,805,200 192,074,904 65.11%
Top 25 17,548,600 64.99% 58.50% 17,548,600 230,214,397 78.04%
Notes:
1. 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, 171,047 valid applications
made by the public will be conditionally allocated on the basis set out below:
Approximate
percentage
allotted of the
Number of total number of
H Shares Number of valid H Shares
applied for applications Basis of allocation/ballot applied for
Pool A
200 60,113 1,202 out of 60,113 to receive 200 Shares 2.00%
400 10,905 284 out of 10,905 to receive 200 Shares 1.30%
600 8,297 222 out of 8,297 to receive 200 Shares 0.89%
800 3,340 94 out of 3,340 to receive 200 Shares 0.70%
1,000 17,387 490 out of 17,387 to receive 200 Shares 0.56%
2,000 8,923 269 out of 8,923 to receive 200 Shares 0.30%
3,000 3,605 121 out of 3,605 to receive 200 Shares 0.22%
4,000 2,973 108 out of 2,973 to receive 200 Shares 0.18%
5,000 2,469 96 out of 2,469 to receive 200 Shares 0.16%
6,000 1,821 77 out of 1,821 to receive 200 Shares 0.14%
7,000 1,437 65 out of 1,437 to receive 200 Shares 0.13%
8,000 1,356 65 out of 1,356 to receive 200 Shares 0.12%
9,000 1,024 52 out of 1,024 to receive 200 Shares 0.11%
10,000 4,871 255 out of 4,871 to receive 200 Shares 0.10%
15,000 3,018 215 out of 3,018 to receive 200 Shares 0.09%
20,000 2,967 224 out of 2,967 to receive 200 Shares 0.08%
25,000 2,159 191 out of 2,159 to receive 200 Shares 0.07%
30,000 1,604 163 out of 1,604 to receive 200 Shares 0.07%
35,000 1,184 136 out of 1,184 to receive 200 Shares 0.07%
40,000 1,384 175 out of 1,384 to receive 200 Shares 0.06%
45,000 1,098 154 out of 1,098 to receive 200 Shares 0.06%
50,000 2,024 304 out of 2,024 to receive 200 Shares 0.06%
60,000 1,554 272 out of 1,554 to receive 200 Shares 0.06%
70,000 1,317 263 out of 1,317 to receive 200 Shares 0.06%
80,000 1,237 279 out of 1,237 to receive 200 Shares 0.06%
90,000 973 244 out of 973 to receive 200 Shares 0.06%
100,000 5,463 1,480 out of 5,463 to receive 200 Shares 0.05%
Total 154,503 Total number of Pool A successful applicants: 7,500


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Approximate
percentage
allotted of the
Number of total number of
H Shares Number of valid H Shares
applied for applications Basis of allocation/ballot applied for
Pool B
150,000 7,258 2,417 out of 7,258 to receive 200 Shares 0.04%
200,000 2,390 882 out of 2,390 to receive 200 Shares 0.04%
250,000 1,520 616 out of 1,520 to receive 200 Shares 0.03%
300,000 1,039 459 out of 1,039 to receive 200 Shares 0.03%
350,000 614 294 out of 614 to receive 200 Shares 0.03%
400,000 548 282 out of 548 to receive 200 Shares 0.03%
450,000 468 258 out of 468 to receive 200 Shares 0.02%
500,000 677 398 out of 677 to receive 200 Shares 0.02%
600,000 503 332 out of 503 to receive 200 Shares 0.02%
700,000 285 209 out of 285 to receive 200 Shares 0.02%
800,000 234 189 out of 234 to receive 200 Shares 0.02%
900,000 152 134 out of 152 to receive 200 Shares 0.02%
1,000,000 153 146 out of 153 to receive 200 Shares 0.02%
1,100,000 109 200 Shares 0.02%
1,200,000 58
200 Shares plus 8 out of 58 to receive
 additional 200 Shares 0.02%
1,300,000 49
200 Shares plus 9 out of 49 to receive
 additional 200 Shares 0.02%
1,400,000 45
200 Shares plus 12 out of 45 to receive
 additional 200 Shares 0.02%
1,500,000 442
200 Shares plus 152 out of 442 to receive
 additional 200 Shares 0.02%
Total 16,544 Total number of Pool B successful applicants: 7,319
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 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, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for or
purchased by them was the same as the final Offer Price in addition to any brokerage, AFRC
transaction levy, SFC transaction levy and Stock Exchange trading fee payable.


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14
OTHERS/ADDITIONAL INFORMATION
Allocations of Offer Shares to the Cornerstone Investors and their Close Associates with a
Consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants
The Company has applied to, and the Stock Exchange has granted, a consent under paragraph
18 of Chapter 4.15 of the Guide to permit Cornerstone Investors and/or their close associates to
subscribe for further Offer Shares as placees in the International Offering on the conditions as set
out below:
(i) the final offering size of the proposed listing (excluding any over-allocation) will be of a
total value of at least HK$1 billion;
(ii) each Director, chairman, and Controlling Shareholder has confirmed that no securities have
been allocated to them or their respective close associates under the Size-based Exemption (as
defined in the Guide);
(iii) the Company will comply with the public float requirement under Rule 19A.13A(2) and the
free float requirement under Rule 8.08A of the Listing Rules; and
(iv) details of the allocation to such investors under the Size-based Exemption will be disclosed
in the allotment results 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 Cornerstone Investors, please refer to the section
headed “Allotment Results Details – International Offering – Allotees with Waivers/Consents
Obtained ” in this announcement.
Placing to Connected Clients with a Consent under Paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their
connected distributors pursuant to the Placing Guidelines. Details of the placement to connected
clients are set out below. The Company has applied to the Stock Exchange for, and the Stock
Exchange has granted, consents under paragraph 1C(1) of the Placing Guidelines to permit
Connected Clients to subscribe for Offer Shares as placees in the International Offering on the
conditions set out below.


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15
In respect of the placing to the Connected Clients on a non-discretionary basis:
(i) no preferential treatment has been given, nor will be given, to each of the Connected Clients
by virtue of its relationship with the relevant Connected Distributor in any allocation of Offer
Shares in the International Offering;
(ii) the Offer Shares to be allocated to the Connected Clients will be held on behalf of
independent third parties;
(iii) the details of the allocation (including the name and the relevant Connected Client ’s
relationship, the number of Shares allotted to and the percentage of Shares allocated) to the
relevant Connected Clients will be disclosed in the allotment results announcement of the
Company;
(iv) based on the discussions between the Company and the Joint Overall Coordinators and the
confirmations provided to the Stock Exchange by the Company, the Connected Distributors
and the Connected Clients, to the best of their knowledge and belief, they have no reasons to
believe that preferential treatment has been given to each of the Connected Clients by virtue
of its relationship with the relevant Connected Distributor in any allocation of Offer Shares
in the International Offering;
(v) identities of ultimate beneficial owners of the securities, or where applicable, details of the
structured products under which the subscription by the Connected Clients was made, would
be confirmed to the Stock Exchange
(vi) the Connected Clients have agreed to furnish such information (to the extent relating to them)
to the Stock Exchange and the Sole Sponsor as and when it is required for the purpose of
facilitating the Stock Exchange ’s vetting process, and consent to the disclosure of the details
of the allocation in the allotment results announcement to be published by the Company
In respect of the placing to the Connected Clients on a discretionary basis:
no preferential treatment has been given, nor will be given, to each of the Connected Clients by
virtue of its relationship with the relevant Connected Distributor in any allocation of Offer Shares
in the International Offering
(i) the Offer Shares to be allocated to the Connected Clients will be held on behalf of
independent third parties;
(ii) details of the allocation (including the name and the relevant Connected Client ’s relationship,
the number of Shares allotted to and the percentage of Shares allocated) to the relevant
Connected Clients will be disclosed in the allotment results announcement of the Company;


--- page 16 ---
16
(iii) based on discussions between the Company and the Joint Overall Coordinators and the
confirmations provided to the Stock Exchange by the Company, the Connected Distributors
and the Connected Clients, to the best of their knowledge and belief, they have no reasons to
believe that preferential treatment has been given to each of the Connected Clients by virtue
of its relationship with the relevant Connected Distributor in any allocation of Offer Shares
in the International Offering;
(iv) to the best of the Joint Overall Coordinators ’ knowledge and belief, they have no reason
to believe that the relevant Connected Client received any preferential treatment in the
allocation of securities in the IPO as a cornerstone investor by virtue of its relationship with
the relevant Connected Distributor other than the preferential treatment of assured entitlement
under a cornerstone investment following the principles set out in Chapter 4.15 of the Guide,
and details of the allocation will be disclosed in the prospectus and the allotment results
announcement;
(v) the relevant Connected Distributor has not participated in, and will not participate in, the
decision-making process or relevant discussions relating to allocation of securities to the
relevant Connected Client among the Company, the Joint Overall Coordinators and the
underwriters as to whether securities should be allocated to the relevant Connected Client;
(vi) for CMBI SG which is not a collective investment scheme authorised by the SFC or expected
to hold the securities on behalf of such scheme, the background and details of such scheme
has been provided to the Stock Exchange.
(vi) the cornerstone investment agreement with the relevant Connected Client does not contain
any material terms which are more favourable to the relevant Connected Client than those
in other cornerstone investment agreements and no preferential treatment has been, nor will
be, given to the relevant Connected Client other than the preferential treatment of assured
entitlement under a cornerstone investment following the principles set out in Chapter 4.15 of
the Guide


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17
Details of the placement to the Connected Clients are set out below:
No.
Connected
Distributors Connected Client
Relationship
with the
Connected
Distributor(s)
Basis of holding
securities
Number
of Offer
Shares
subscribed
Percentage
to total
Offer
Shares
under
Global
Offering (Note 11)
Percentage
to total
issued
Shares
immediately
upon the
completion
of Global
Offering (Note 11)
1. CLSA CITIC Securities
International Capital
Management Limited
(“CSICM ”)
See Note 1 Non-discretionary 56,000 0.19% 0.019%
2. CLSA China Asset Management
(Hong Kong) Limited
(“China AMC HK ”)
See Note 2 Discretionary 13,600 0.05% 0.005%
3. GF Securities (Hong
Kong) Brokerage
GF Securities Asset
Management
(Guangdong) Co., Ltd.
(“GF Securities Asset
Management ”)
See Note 3 Non-discretionary 27,000 0.09% 0.009%
4. GF Securities (Hong
Kong) Brokerage
GF Global Capital Limited
(“GFGC”)
See Note 4 Non-discretionary 555,000 1.85% 0.188%
5. GF Securities (Hong
Kong) Brokerage
GF International
Investment
Management Limited
(“GF International
Investment ”)
See Note 5 Discretionary 750,000 2.50% 0.254%
6. CMS and CMBI
Connected
Distributors
Bosera Asset Management
(International) Co.,
Limited ( “Bosera Asset
Management ”)
See Note 6 Discretionary 416,000 1.39% 0.141%


--- page 18 ---
18
No.
Connected
Distributors Connected Client
Relationship
with the
Connected
Distributor(s)
Basis of holding
securities
Number
of Offer
Shares
subscribed
Percentage
to total
Offer
Shares
under
Global
Offering (Note 11)
Percentage
to total
issued
Shares
immediately
upon the
completion
of Global
Offering (Note 11)
7. CMB International
Capital Limited
(“CMBI”), CMB
International
Securities Limited
(“CMBI Securities ”)
and CMB
International Global
Market Limited
(“CMBI Global
Markets ”)
CMBI (Singapore) Pte.
Limited ( “CMBI SG ”)
See Note 7 Discretionary 2,200 0.01% 0.001%
8. GTJA Fullgoal HK See Note 8 Discretionary 416,000 1.39% 0.141%
9. GF Securities
(HongKong)
Brokerage
E Fund Management
Co., Ltd. ( “E Fund
Management ”)
See Note 9 Discretionary 444,000 1.48% 0.15%
10. GF Securities
(HongKong)
Brokerage
E Fund Management
(Hong Kong) Co., Ltd.
(“E Fund HK ”)
See Note 10 Discretionary 111,000 0.37% 0.04%
Notes:
1. CSICM is a member of the same group of companies as CLSA. CSICM and CITIC Securities Company
Limited will enter into a series of cross border OTC swap transactions (the “OTC Swaps ”) with the
investment managers (ʮ̡ (Shandong Wangshui Private Equity Fund
Company Limited*), ʮ̡ (Shanghai QuantPi Investment Limited)), who act for
and on behalf of certain ultimate clients (collectively, the “CSICM Ultimate Clients ”), pursuant to which
CSICM will hold the Offer Shares to be subscribed for and on behalf of the investment managers 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 CSICM Ultimate Clients, subject to customary fees and commissions. CSICM will
not take part in any economic returns or bear any economic losses in relation to the Offer Shares. The OTC
Swaps will be fully funded by the CSICM Ultimate Clients.
* For identification purpose only


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19
2. China AMC HK is a member of the same group of companies as CLSA and China AMC HK is therefore
considered as a connected client of CLSA pursuant to paragraph 1B(7) of the Placing Guidelines. China AMC
HK will hold the Offer Shares in its capacity as the discretionary fund manager managing on behalf of its
underlying clients, each of which is an Independent Third Party.
3. GF Securities Asset Management is a direct wholly-owned subsidiary of GF Securities Co., Ltd. (Stock Code:
1776) ( “GF Securities ”) and GF Securities (Hong Kong) Brokerage is an indirect wholly-owned subsidiary
of GF Securities. Each of GF Securities Asset Management and GF Securities (Hong Kong) Brokerage is a
member of the same group of companies.
GF Securities Asset Management will hold the Offer Shares as product manager on behalf of GF Asset
Management WANXIANG No. 1 (QDII) Single Asset Management Plan ( ᄿ೯༟၍ຬԮ 1໮(QDII) ఊɓ༟ପ
ྌ ), with the ultimate client being Shenwan Hongyuan Group Co., Ltd. (ʮ̡ )
(the “GF Securities AM Ultimate Client AMS ”). Shenwan Hongyuan Securities Co., Ltd. as a cornerstone
investor is a wholly-owned subsidiary of Shenwan Hongyuan Group Co., Ltd. (Stock Code: 6806).
4. Both GF Securities (Hong Kong) Brokerage and GFGC is an indirect wholly-owned subsidiary of GF
Securities. Each of GF Securities (Hong Kong) Brokerage and GFGC is a member of the same group of
companies.
GFGC is to invest on non-discretionary basis. GFGC and GF Securities will enter into a series of cross border
delta one OTC swap transactions (the “OTC Swaps ”) with each other and the ultimate clients (the “GFGC
Ultimate Clients ”), pursuant to which GFGC 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
GFGC Ultimate Clients, subject to customary fees and commissions. The OTC swaps will be fully funded by
the GFGC Ultimate Clients. During the terms of the OTC Swaps, all economic returns of the Offer Shares
subscribed by GFGC will be passed to the GFGC Ultimate Clients and all economic loss shall be borne by
the GFGC Ultimate Clients through the OTC Swaps, and GFGC will not take part in any economic return or
bear any economic loss in relation to the Offer Shares. The OTC Swaps are linked to the Offer Shares and
the GFGC Ultimate Clients may request GFGC to redeem it at their own discretions, upon which GFGC shall
dispose of the Offer Shares and settle OTC Swaps in cash in accordance with the terms and conditions of
the OTC Swap. Despite that GFGC 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.
GFGC will hold the Offer Shares for and on behalf of one ultimate client on non-discretionary basis, namely
ྗ 1ྌ (with no ultimate beneficial owner holding 30% or more of the interests).
5. GF Securities (Hong Kong) Brokerage is an indirect wholly-owned subsidiary of GF Securities and GF
International Investment is an indirect non-wholly owned subsidiary of GF Securities. Each of GF Securities
(Hong Kong) Brokerage and GF International Investment is a member of the same group of companies.


--- page 20 ---
20
6. Bosera Asset Management will hold the Offer Shares in its capacity as the discretionary fund manager
managing three sub-funds (namely, Bosera China New Opportunities Fund SP, Bosera Growth Premium
Global Equity Strategy Fund SP and Bosera Global Select Equity Fund SP) on behalf of its underlying client.
Bosera Asset Management is held as to 55% by Bosera Asset Management Co., Ltd. and 45% by China
Merchants Fund Management Co., Ltd.. China Merchants Securities Co., Ltd. currently holds 49% of the
equity interest of Bosera Asset Management Co., Ltd. and 45% of the equity interest of China Merchants
Fund Management Co., Ltd. CMS is a wholly-owned subsidiary of China Merchants Securities Co., Ltd..
China Merchants Bank Co., Ltd. currently holds 55% of the equity interest of China Merchants Fund
Management Co., Ltd. Each of the CMBI Connected Distributors is a indirectly wholly-owned subsidiary
of China Merchants Bank Co., Ltd. Therefore, Bosera Asset Management is a member of same group of
companies as CMS and CMBI Connected Distributors.
7. CMBI is one of the Joint Bookrunners of the Proposed Listing. Each of CMBI Securities and CMBI Global
Markets is a distributor of the Global Offering. CMBI, CMBI Securities and CMBI Global Markets are
indirectly wholly-owned subsidiaries of CMB International Capital Holdings Corporation Limited. CMBI SG
is a member of the same group with CMBI Connected Distributors. Accordingly, CMBI SG is considered as a
“connected client ” of CMBI Connected Distributors pursuant to paragraph 1B(7) of the Placing Guidelines.
8. Fullgoal HK and GTJA are indirectly owned by Guotai Haitong Securities Co., Ltd.
9. GF Securities (Hong Kong) Brokerage is an indirect wholly-owned subsidiary of GF Securities, which in
turn holds 22.65% of the issued share capital of E Fund Management. As of the date of this submission,
Accordingly, E Fund Management is a member of the same group of companies as GF Securities and
therefore is a “connected client ” of GF Securities (Hong Kong) Brokerage under paragraph 1B of the Placing
Guidelines.
10. GF Securities (Hong Kong) Brokerage is an indirect wholly-owned subsidiary of GF Securities, which in turn
holds 22.65% of the issued share capital of E Fund Management. As of the date of this submission, E Fund
HK is a wholly-owned subsidiary of E Fund Management. Accordingly, E Fund Management and E Fund HK
are members of the same group of companies as GF Securities and therefore is a “connected client ” of GF
Securities (Hong Kong) Brokerage under paragraph 1B of the Placing Guidelines.
11. Not taking into account of the 6,250,000 treasury shares.


--- page 21 ---
21
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 27 January 2026 issued by Qingdao Gon
Technology Co., Ltd. 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 Sole 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 4 February 2026).


--- page 22 ---
22
PUBLIC FLOAT AND FREE FLOAT
Immediately upon the completion of the Global Offering, the number of H Shares held in public
hands represent 10.17% of the total issued share capital of the Company (excluding treasury
Shares), which is higher than the prescribed percentage of H Shares required to be held in public
hands of 10.00% under Rule 19A.13A(2)(a) of the Listing Rules.
The Directors confirm that, immediately upon 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 public hands at the time of the Listing is 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.
Each of the Cornerstone Investors has agreed to a lock-up period of six months following the
Listing Date. As such, H Shares held by the Cornerstone Investors upon the Listing shall not be
counted towards the free float of the H Shares of the Company at the time of Listing. Based on the
final Offer Price of HK$36.00 per H Share, the Company confirms the free float requirement under
Rule 19A.13C(2)(a) of the Listing Rules.
COMMENCEMENT OF DEALINGS
H Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday, 4
February 2026 (Hong Kong time), provided that the Global Offering has become unconditional
and the right of termination described in the section headed “Underwriting – Underwriting
Arrangements and Expenses – Hong Kong Public Offering – Grounds for Termination ” in the
Prospectus has not been exercised. Investors who trade H Shares prior to the receipt of H Share
certificates or prior to the H Share certificates becoming valid evidence of title do so entirely at
their own risk.
Assuming that the Hong Kong Public Offering becomes unconditional at or before 8:00 a.m. in
Hong Kong on Wednesday, 4 February 2026, it is expected that dealings in the H Shares on the
Stock Exchange will commence at 9:00 a.m. on Wednesday, 4 February 2026. The H Shares will
be traded in board lots of 200 H Shares each and the stock code of the H Shares will be 2768.
By order of the Board
Qingdao Gon Technology Co., Ltd.
ʮ̡
Mr. Wang Aiguo
Chairman and executive Director
Hong Kong, 3 February 2026
As of the date of this announcement, the board of directors of the Company comprises: (i) Mr.
Wang Aiguo, Mr. Li Zonghao, Ms. Li Huiying and Mr. Han Bo as executive directors; and (ii) Mr.
Wang Yaping, Mr. Sun Jianqiang and Ms. Hong Ting as independent non-executive directors.