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hk-ipo/data/extracted_text/03388/allotment_results_2026-05-28_2026052802543.txt
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--- page 1 ---
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.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdictions. The 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 (1) to qualified institutional buyers as defined
in Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under the U.S. Securities Act;
and (2) 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
May 20, 2026 (the “Prospectus ”) issued by Shenzhen Creality 3D Technology Co., Ltd. (΅Ϟ
ʮ̡) (the “Company ”) for detailed information about the Global Offering described below before deciding whether
or not to invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should
be taken solely in reliance on the information in the Prospectus.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited,
as stabilizing manager (the “Stabilizing Manager ”) (or its affiliates or any person acting for it), on behalf of the
Underwriters, to the extent permitted by the applicable laws and regulatory requirements of Hong Kong or elsewhere,
may over-allocate or effect transactions with a view to stabilizing or supporting the market price of the H Shares at
such price, in such amounts and in such manners as the Stabilizing Manager, its affiliates or any person acting for it
may determine and at a level higher than that which might otherwise prevail for a limited period after the Listing Date.
However, there is no obligation on the Stabilizing Manager (or its affiliates or any person acting for it) to conduct
any such stabilizing action. Such stabilizing action, if taken, (a) will be conducted at the absolute discretion of the
Stabilizing Manager (or its affiliates or any person acting for it) and in what the Stabilizing Manager reasonably
regards as the best interest of our Company, (b) may be discontinued at any time and (c) is required to be brought to an
end within 30 days of the last day for lodging applications under the Hong Kong Public Offering (which is Thursday,
June 25, 2026). Such stabilizing action, if taken, may be effected in all jurisdictions where it is permissible to do so,
in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and
Futures (Price Stabilizing) Rules (Chapter 571 W of the Laws of Hong Kong), as amended, made under the Securities
and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that no stabilizing action can be taken to support the price of the H Shares for
longer than the stabilization period, which will begin on the Listing Date, and is expected to expire on the 30th day
after the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, June 25, 2026).
After this date, when no further stabilizing action may be taken, demand for the H Shares, and therefore the price of
the H Shares, could fall.
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 section headed
“Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for Termination ”
in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to
be on Friday, May 29, 2026).
--- page 2 ---
2
Shenzhen Creality 3D 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
: 73,427,550 H Shares (subject to the
Over-allotment Option)
Number of Hong Kong Offer Shares : 7,342,800 H Shares
Number of International Offer Shares : 66,084,750 H Shares (subject to the
Over-allotment Option)
Offer Price : HK$18.80 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
(payable in full on application in Hong
Kong dollars and subject to refund)
Nominal Value : RMB1.00 per H Share
Stock Code : 3388
Sole Sponsor, Sponsor-Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator and Joint Bookrunner
Joint Bookrunner and
Joint Lead Manager Joint Bookrunners
--- page 3 ---
3
Shenzhen Creality 3D Technology Co., Ltd.
ʮ̡
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same
meanings as those defined in the prospectus dated May 20, 2026 (the “Prospectus ”) issued by
Shenzhen Creality 3D Technology Co., Ltd. (the “Company ”).
Warning: In view of high concentration of shareholding in a small number of Shareholders,
H 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 3388
Stock short name CREALITY
Dealings commencement date May 29, 2026 #
# see note at the end of the announcement
Price Information
Offer Price HK$18.80
Offer Shares and Share Capital
Number of Offer Shares (before exercise of the
Over-allotment Option)
73,427,550
Final Number of Offer Shares in Hong Kong Public Offering 7,342,800
Final Number of Offer Shares in International Offering
(before exercise of the Over-allotment Option)
66,084,750
Number of issued Shares upon Listing (before exercise of the
Over-allotment Option)
466,840,101
Over-allocation
No. of Offer Shares over-allocated 11,014,050
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.
--- page 4 ---
4
Proceeds
Gross proceeds (Note) HK$1,380.44 million
Less: Estimated listing expenses payable based on the Offer
Price
HK$(108.12) million
Net proceeds HK$1,272.32 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 section headed “Future Plans and Use of Proceeds ” of 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.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 251,375
No. of successful applications 44,336
Subscription level 3,829.42 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong
Public Offering
7,342,800
No. of Offer Shares reallocated from the International Offering 0
Final no. of Offer Shares under the Hong Kong Public Offering 7,342,800
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering (before the exercise of the Over-allotment
Option)
10%
Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to www.
hkeipo.hk/IPOResult to perform a search by identification number or www.hkeipo.hk/IPOResult for the full list of
allottees.
--- page 5 ---
5
INTERNATIONAL OFFERING
No. of placees 183
Subscription Level 26.80 times
No. of Offer Shares initially available under the International
Offering
66,084,750
Final no. of Offer Shares under the International Offering 66,084,750
% of Offer Shares under the International Offering to the Global
Offering (before the exercise of the Over-allotment Option)
90%
The Directors confirm that, to the best of their knowledge, information and belief, save for a
consent under Chapter 4.15 of the Guide for New Listing Applicants to permit the Company to,
among other things, allocate further H Shares in the International Offering to the Cornerstone
Investors and/or their close associate (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, supervisors, 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, supervisors, 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.
--- page 6 ---
6
The placees in the International Offering include the following :
Cornerstone Investors
Investor
No. of Offer
Shares allocated
% of total number
of Offer Shares
(assuming the Over-
allotment Option is
not exercised)
Note 1/Note 2
% of total issued
share capital in the
Company after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
Note 1/Note 2/Note 3
Existing
Shareholders
or their close
associates
Taikang Life Insurance Co., Ltd (“Taikang Life”) 8,327,250 11.34% 1.78% No
CITIC Industrial International Investment Limited
(“CITIC Industrial International”) 6,245,400 8.51% 1.34% No
CPE Greater China Enterprises Growth Fund (“CPE
Greater China”) 4,163,550 5.67% 0.89% No
Martis Fund, L.P. (“Martis Fund”) 3,330,900 4.54% 0.71% No
Hong Kong BoYue International Investment Fund Co.,
Limited (“BoYue Fund”) 2,081,700 2.84% 0.45% No
Greater Bay Area Homeland Investments Limited
(“GBAHIL”) 2,081,700 2.84% 0.45% No
Apex Insight Investment L.P. (“Apex”) 2,081,700 2.84% 0.45% No
Oasis Investments II Master Fund Ltd. (“Oasis Fund”) 1,665,450 2.27% 0.36% No
Jump Trading Pacific Pte. Ltd. (“Jump Trading”) 1,665,450 2.27% 0.36% No
Polymer Asia Fund LP (“Polymer”) 832,650 1.13% 0.18% No
Dingxin (Securities) Limited (“Dingxin Securities”) 832,650 1.13% 0.18% No
Colloway Group Limited (“Colloway”) 832,650 1.13% 0.18% No
Seven Grand Managers, LLC (“Seven Grand”) 832,650 1.13% 0.18% No
Integrated Core Strategies (Asia) Pte. Ltd. (“ICSA”) 832,650 1.13% 0.18% No
Optimas Capital Limited (“Optimas Capital”) 832,650 1.13% 0.18% No
Total 36,639,000 49.90% 7.85%
Notes:
1. For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” of
the Prospectus.
2. Only taking into account the Offer Shares allocated to the relevant investors as Cornerstone Investors under the
Global Offering. In addition to the Offer Shares subscribed for as Cornerstone Investors, Taikang Life, CITIC
Industrial International, Martis Fund, BoYue Fund, GBAHIL, Apex, Oasis Fund, Jump Trading, Polymer,
Dingxin Securities, Colloway, Seven Grand, ICSA and Optimas Capital and/or their respective close associates
was allocated further Offer Shares as placees in the International Offering. Please refer to the section headed
“Allotment Results Details International Offering Allottees with Waivers/Consents Obtained ” in this
announcement for 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.
3. The number of H Shares immediately after the Global Offering is the same as the number of total issued shares
of the Company after the Global Offering.
--- page 7 ---
7
Allottee with Waiver/Consent Obtained
Investor
No. of Offer
Shares
allocated
% of total
number of
Offer Shares
(assuming the
Over-allotment
Option is not
exercised)
% of total issued
share capital in the
Company after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 3 Relationship
Allottees with consent under Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further H Shares to
Cornerstone Investors and/or their close associates Note 1
Taikang Life 2,498,100 3.40% 0.54% A Cornerstone Investor
CITIC Industrial International, CITIC
Securities Asset Management Company
Limited, CITIC Securities International
Capital Management Limited, CITIC
Securities Asset Management (HK)
Limited, and China Asset Management
(Hong Kong) Limited
1,921,950 2.62% 0.41% A Cornerstone Investor and
close associates of CITIC
Industrial International, a
Cornerstone Investor
Martis Fund 999,150 1.36% 0.21% A Cornerstone Investor
BoYue Fund 570,000 0.78% 0.12% A Cornerstone Investor
GBAHIL (Mega Prime Development
Limited, Poly Platinum Enterprises
Limited and GIGA Industries Limited)
624,450 0.85% 0.13% A Cornerstone Investor
Apex 5,229,900 7.12% 1.12% A Cornerstone Investor
Oasis Fund 499,500 0.68% 0.11% A Cornerstone Investor
Jump Trading 499,500 0.68% 0.11% A Cornerstone Investor
Polymer Capital Management (HK)
Limited and Pacific Alliance Investment
Management (HK) Limited
262,200 0.36% 0.06% Close associates of Polymer, a
Cornerstone Investor
Dingxin Securities 83,250 0.11% 0.02% A Cornerstone Investor
Colloway 249,750 0.34% 0.05% A Cornerstone Investor
Optimas Capital, and Optimas Capital
Management Pte. Ltd.
499,500 0.68% 0.11% A Cornerstone Investor and the
investment manager of ICSA, a
Cornerstone Investor, through
separately managed account
structure
Seven Grand 249,750 0.34% 0.05% A Cornerstone Investor
--- page 8 ---
8
Investor
No. of Offer
Shares
allocated
% of total
number of
Offer Shares
(assuming the
Over-allotment
Option is not
exercised)
% of total issued
share capital in the
Company after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 3 Relationship
Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants
in relation to allocations to connected clients Note 2
CICC Financial Trading Limited
(“CICC FT”)
15,900 0.02% 0.003% Connected client
Huatai Capital Investment Limited
(“HTCI”)
1,950 0.003% 0.0004% Connected client
Harvest Global Investments Limited
(“Harvest”)
12,450 0.02% 0.003% Connected client
HSBC Global Asset Management
(Hong Kong) Limited (“HSBC GAM”)
124,800 0.17% 0.03% Connected client
China Southern Asset Management Co.,
Ltd. (“China Southern”)
41,550 0.06% 0.009% Connected client
Funde Ivy OFC-Funde Pioneers Equity
Sub-Fund (“Funde Pioneers”)
1,950 0.003% 0.0004% Connected client
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 Chapter 4.15 of the Guide for New Listing Applicants 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 Allottees with consent under Chapter 4.15 of the Guide for New Listing Applicants
in relation to allocations of further H Shares to Cornerstone Investors and/or their close associates ” in this
announcement.
2. For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations to connected clients, please refer to the section headed “Others/
Additional Information Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing
Guidelines ” in this announcement.
3. The number of H Shares immediately after the Global Offering is the same as the number of total issued shares
of the Company after the Global Offering.
--- page 9 ---
9
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of H
Shares held in
the Company
subject to lock-up
undertakings upon
Listing
% of total issued share
capital 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
undertakingsNote1
Chen Chun (“Mr. Chen”) Note 2 51,600,000 11.05% May 28, 2027
Shenzhen Creality Chuangwei Technology
Co., Ltd. (“Creality Chuangwei”) Note 2 25,800,000 5.53% May 28, 2027
Shenzhen Creality Huida Technology
Enterprise (Limited Partnership) (“Creality
Huida”) Note 2 6,450,000 1.38% May 28, 2027
Ao Danjun (“Mr. Ao”) Note 2 51,600,000 11.05% May 28, 2027
Shenzhen Longgeer Investment Technology
Co., Ltd. (“Longgeer Investment”) Note 2 25,800,000 5.53% May 28, 2027
Liu Huilin (“Mr. Liu”) Note 2 51,600,000 11.05% May 28, 2027
Shenzhen Creality Industrial Development
Co., Ltd. (“Creality Industrial”) Note 2 25,800,000 5.53% May 28, 2027
Tang Jingke (“Mr. Tang”) Note 2 51,600,000 11.05% May 28, 2027
Shenzhen Creality Chuangtou Shiye Co., Ltd.
(“Creality Chuangtou”) Note 2 25,800,000 5.53% May 28, 2027
Shenzhen Creality Changsheng Technology
Enterprise (Limited Partnership) (“Creality
Changsheng”) Note 2 6,450,000 1.38% May 28, 2027
Total 322,500,000 69.08%
Notes:
1. The expiry date of the lock-up period shown in the table above is pursuant to applicable PRC laws and relevant
lock-up undertakings as disclosed in the Prospectus.
2. Upon Listing, Mr. Chen, Mr. Ao, Mr. Liu and Mr. Tang, Creality Chuangwei, Creality Huida, Longge er
Investment, Creality Industrial, Creality Chuangtou and Creality Changsheng will constitute a group of
Controlling Shareholders. For further details, please refer to “Relationship with our Controlling Shareholders ” in
the Prospectus. This subsection illustrates their direct shareholding in the Company, and each of them is subject
to the same lock-up as disclosed above.
--- page 10 ---
10
Cornerstone Investors
Name
Number of H Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% total issued
share capital in the
Company subject to
lock-up undertakings
upon Listing
(assuming
the Over-allotment
Option is not
exercised)
Last day subject
to the lock-up
undertakings Note 1
Taikang Life 8,327,250 1.78% November 28, 2026
CITIC Industrial
International
6,245,400 1.34% November 28, 2026
CPE Greater China 4,163,550 0.89% November 28, 2026
Martis Fund 3,330,900 0.71% November 28, 2026
BoYue Fund 2,081,700 0.45% November 28, 2026
GBAHIL 2,081,700 0.45% November 28, 2026
Apex 2,081,700 0.45% November 28, 2026
Oasis Fund 1,665,450 0.36% November 28, 2026
Jump Trading 1,665,450 0.36% November 28, 2026
Polymer 832,650 0.18% November 28, 2026
Dingxin Securities 832,650 0.18% November 28, 2026
Colloway 832,650 0.18% November 28, 2026
Seven Grand 832,650 0.18% November 28, 2026
ICSA 832,650 0.18% November 28, 2026
Optimas Capital 832,650 0.18% November 28, 2026
Total 36,639,000 7.85%
Note:
1. In accordance with the relevant cornerstone investment agreements, the required lock-up period ends on
November 28, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring
Shares subscribed for pursuant to the relevant cornerstone investment agreements after the indicated date.
--- page 11 ---
11
Other Existing Shareholders (including the Pre-IPO Investors as defined in the “History,
Development and Corporate Structure ” section of the Prospectus)
Name
Number of H
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued
share capital 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 Note1
Shenzhen Creality 3D Enterprise
(Limited Partnership) ( ଉέ̹௴ซɧၪ
Άุ(Υྫ ))
6,450,000 1.38% May 28, 2027
Shenzhen Creality Yunding Technology
Enterprise (Limited Partnership) ( ଉέ̹
ҦΆุ (Υྫ ))
6,450,000 1.38% May 28, 2027
Qianhai Equity Investment Fund (Limited
Partnership) (ږ( Υ
ྫ))
15,949,070 3.42% May 28, 2027
Zhongyuan Qianhai Equity Investment
Fund (Limited Partnership) (ٰ
ږ( Υྫ ))
3,417,658 0.73% May 28, 2027
Smart Internet Telecom Ark (Shenzhen)
Venture Capital Fund Partnership Limited
Partnership (˙Ћ (ଉέ)௴
ΥྫΆุ (Υྫ ))
3,505,290 0.75% May 28, 2027
Shenzhen Capital Group Co., Ltd. ( ଉέ
ʮ̡ )
7,361,109 1.58% May 28, 2027
Shenzhen Nanshan Hongtu Equity
Investment Fund Partnership Limited
Partnership (ᛆҳ༟ਿ
ΥྫΆุ (Υྫ ))
9,639,548 2.06% May 28, 2027
--- page 12 ---
12
Name
Number of H
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
% of total issued
share capital 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 Note1
Guangxi Tencent Venture Capital Co.,
Ltd. (ʮ̡ )
8,500,328 1.82% May 28, 2027
Shenzhen Pingshan Kaisheng Integrated
Circuit Venture Investment Partnership
(Limited Partnership) ( ଉέջʆ௱᳅ණ
ϓཥ༩௴ุҳ༟ΥྫΆุ (Υྫ )
5,696,096 1.22% May 28, 2027
Wuhan Renzhe Buyou Equity Investment
Partnership LP (ᛆҳ༟
ΥྫΆุ (Υྫ ))
3,417,658 0.73% May 28, 2027
Shenzhen Guoxin South No. 4 Investment
Partnership Enterprise Limited
Partnership (˙̬໮ҳ༟Υྫ
Άุ(Υྫ ))
525,794 0.11% May 28, 2027
Total 70,912,551 15.19%
Notes:
1. Pursuant to the applicable PRC laws, all existing Shareholders are not permitted to dispose of any of the Shares
held by them within 12 months following the Listing Date.
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 fully
exercised)
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 fully
exercised)
Number of H
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 fully
exercised)**
Top 1 10,825,350 16.38% 14.04% 14.74% 12.82% 10,825,350 2.32% 2.27%
Top 5 34,797,900 52.66% 45.13% 47.39% 41.21% 34,797,900 7.45% 7.28%
Top 10 50,572,350 76.53% 65.59% 68.87% 59.89% 50,572,350 10.83% 10.58%
Top 25 71,767,350 108.60% 93.08% 97.74% 84.99% 71,767,350 15.37% 15.02%
* Ranking of placees is based on the number of Offer Shares allotted to the placees.
** The number of H Shares immediately after the Global Offering is the same as the number of total issued shares
of the Company after the Global Offering.
--- page 13 ---
13
H SHAREHOLDER 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 fully
exercised)
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
fully
exercised)
Number of
H 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
fully
exercised)**
Top 1 0 0.00% 0.00% 0.00% 0.00% 322,500,000 69.08% 67.49%
Top 5 10,825,350 16.38% 14.04% 14.74% 12.82% 381,698,353 81.76% 79.88%
Top 10 26,304,300 39.80% 34.12% 35.82% 31.15% 415,773,399 89.06% 87.01%
Top 25 64,353,900 97.38% 83.47% 87.64% 76.21% 457,240,657 97.94% 95.69%
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholder upon Listing.
** The number of H Shares immediately after the Global Offering is the same as the number of total issued shares
of the Company after the Global Offering.
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
fully
exercised)
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
fully
exercised)
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
fully
exercised)
Top 1 0 0.00% 0.00% 0.00% 0.00% 322,500,000 322,500,000 69.08% 67.49%
Top 5 10,825,350 16.38% 14.04% 14.74% 12.82% 381,698,353 381,698,353 81.76% 79.88%
Top 10 26,304,300 39.80% 34.12% 35.82% 31.15% 415,773,399 415,773,399 89.06% 87.01%
Top 25 64,353,900 97.38% 83.47% 87.64% 76.21% 457,240,657 457,240,657 97.94% 95.69%
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
--- page 14 ---
14
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 251,375 valid
applications made by the public will be conditionally allocated on the basis set out below:
BASIS OF ALLOTMENT UNDER THE HONG KONG PUBLIC OFFERING
Pool A
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
150 38,516 1,156 out of 38,516 applicants to receive 150 H Shares 3.00%
300 12,146 463 out of 12,146 applicants to receive 150 H Shares 1.91%
450 24,358 1,068 out of 24,358 applicants to receive 150 H Shares 1.46%
600 6,408 311 out of 6,408 applicants to receive 150 H Shares 1.21%
750 5,163 270 out of 5,163 applicants to receive 150 H Shares 1.05%
900 3,385 189 out of 3,385 applicants to receive 150 H Shares 0.93%
1,050 3,838 226 out of 3,838 applicants to receive 150 H Shares 0.84%
1,200 2,925 180 out of 2,925 applicants to receive 150 H Shares 0.77%
1,350 2,114 136 out of 2,114 applicants to receive 150 H Shares 0.71%
1,500 26,899 1,786 out of 26,899 applicants to receive 150 H Shares 0.66%
3,000 7,941 670 out of 7,941 applicants to receive 150 H Shares 0.42%
4,500 8,961 869 out of 8,961 applicants to receive 150 H Shares 0.32%
6,000 4,075 437 out of 4,075 applicants to receive 150 H Shares 0.27%
7,500 2,977 345 out of 2,977 applicants to receive 150 H Shares 0.23%
9,000 2,690 332 out of 2,690 applicants to receive 150 H Shares 0.21%
10,500 2,710 352 out of 2,710 applicants to receive 150 H Shares 0.19%
12,000 1,931 263 out of 1,931 applicants to receive 150 H Shares 0.17%
13,500 1,609 228 out of 1,609 applicants to receive 150 H Shares 0.16%
15,000 11,928 1,752 out of 11,928 applicants to receive 150 H Shares 0.15%
30,000 7,771 1,450 out of 7,771 applicants to receive 150 H Shares 0.09%
45,000 5,993 1,286 out of 5,993 applicants to receive 150 H Shares 0.07%
60,000 4,413 1,046 out of 4,413 applicants to receive 150 H Shares 0.06%
75,000 3,542 906 out of 3,542 applicants to receive 150 H Shares 0.05%
90,000 2,477 675 out of 2,477 applicants to receive 150 H Shares 0.05%
105,000 2,781 799 out of 2,781 applicants to receive 150 H Shares 0.04%
120,000 2,430 731 out of 2,430 applicants to receive 150 H Shares 0.04%
135,000 1,946 610 out of 1,946 applicants to receive 150 H Shares 0.03%
150,000 18,284 5,940 out of 18,284 applicants to receive 150 H Shares 0.03%
Total 220,211 Total number of Pool A successful applicants: 24,476
--- page 15 ---
15
Pool B
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
300,000 13,174 5,270 out of 13,174 applicants to receive 150 H Shares 0.02%
450,000 4,830 2,686 out of 4,830 applicants to receive 150 H Shares 0.02%
600,000 3,013 2,117 out of 3,013 applicants to receive 150 H Shares 0.02%
750,000 2,073 1,746 out of 2,073 applicants to receive 150 H Shares 0.02%
900,000 1,427 1,394 out of 1,427 applicants to receive 150 H Shares 0.02%
1,050,000 1,129
150 H Shares plus 121 out of 1,129 applicants to receive an
additional 150 H Shares 0.02%
1,200,000 944
150 H Shares plus 221 out of 944 applicants to receive an
additional 150 H Shares 0.02%
1,350,000 604
150 H Shares plus 216 out of 604 applicants to receive an
additional 150 H Shares 0.02%
1,500,000 2,460
150 H Shares plus 1,178 out of 2,460 applicants to receive
an additional 150 H Shares 0.01%
3,000,000 500
300 H Shares plus 299 out of 500 applicants to receive an
additional 150 H Shares 0.01%
3,671,400 1,010
450 H Shares plus 61 out of 1,010 applicants to receive an
additional 150 H Shares 0.01%
Total 31,164 Total number of Pool B successful applicants: 19,860
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company s H Shares.
The Directors confirm that, to the best of their knowledge, 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.
--- page 16 ---
16
OTHERS/ADDITIONAL INFORMATION
Allocations of Offer Shares to the Cornerstone Investors and/or their close associates with a
consent under Chapter 4.15 of the Guide for New Listing Applicants
The Company has applied to, and the Stock Exchange has granted, a consent under Chapter 4.15
of the Guide for New Listing Applicants (the “Size-based Exemption ”) to permit the Company
to allocate further Offer Shares in the International Offering to certain Cornerstone Investors and
their close associates, as placees, subject to the following conditions ( “Allocation to Size-based
Exemption Participants ”):
(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) H Shares allocated to all existing shareholders and their close associates (whether as
cornerstone investors and/or as placees) as permitted under this exemption do not exceed
30% of the total number of H Shares offered under the Global Offering;
(c) each of the Directors, chief executives and members of the group of Controlling Shareholders
of the Company confirms that no securities have been allocated to them or their respective
close associates under the Size-based Exemption;
(d) the Allocation to Size-based Exemption Participants is not expected to affect the Company s
ability to satisfy its public float requirement; and
(e) details of the Allocation to Size-based Exemption Participants 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 Cornerstone Investors and/or their close associates,
please refer to the section headed “Allotment Results Details International Offering Allottees
with Waivers/Consents Obtained ” in this announcement.
Placing to connected clients with a prior 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 the
Company to allocate such Offer Shares in the International Offering to the connected clients. The
allocation of Offer Shares to such connected clients is in compliance with all the conditions under
the consent granted by the Stock Exchange.
--- page 17 ---
17
Part A Connected Clients holding the beneficial interest of the Offer Shares on a non-
discretionary basis on behalf of independent third parties
No. Connected Distributor
Connected
Client
Relationship with
the Connected
Distributor
Identities of the ultimate
beneficial owners of the Offer
Shares or, where applicable,
details of the structured
products under which the
subscription by the Connected
Client was made (e.g. OTC
total return swaps)
Whether the
Connected Client
is a collective
investment scheme
which is not
authorised by the
SFC or is expected
to hold the Offer
Shares on behalf of
such scheme
Number of Offer
Shares allocated
to the connected
client
Approximate
percentage of total
number of Offer
Shares (assuming
the Over-allotment
Option is not
exercised)
Approximate
percentage of
total Shares in
issue immediately
following the
completion of
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
1. China International
Capital Corporation Hong
Kong Securities Limited
(“CICC”)
CICC FT Same group entities Please refer to note 1 No 15,900 0.02% 0.003%
2. Huatai Financial Holdings
(Hong Kong) Limited
(“Huatai”)
HTCI Same group entities Please refer to note 2 No 1,950 0.003% 0.0004%
Notes:
1. CICC FT and China International Capital Corporation Limited will enter into a series of cross border delta-one
OTC swap transactions (the “OTC Swaps ”) with each other and the ultimate clients (the “CICC FT Ultimate
Clients ”), 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 Clients, subject to customary fees and commissions. The OTC Swaps will be fully funded by the CICC
FT Ultimate Clients. 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 Clients and all economic loss shall be borne by the CICC
FT Ultimate Clients 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. The OTC Swaps are linked to the Offer Shares and the CICC
FT Ultimate Clients may request CICC FT to redeem it at their own discretions, upon which CICC FT 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 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 Clients for purpose of this placee subscription include (i) Yuanlesheng
Qiangye Private Securities Investment Fund (ږwhose fund manager is Tibet
Yuanlesheng Asset Management Company Ltd.( “Tibet Longrising ”, ʮ̡ ) and
ultimate beneficial owners holding 30% or more interest are Zeng Xiaojie and Hu Caiyang, (ii) Yuanlesheng
Qiangshu Private Securities Investment Fund (ږwhose fund manager is Tibet
Longrising and ultimate beneficial owner holding 30% or more interest is Zeng Xiaojie, (iii) Yuanlesheng
Qiangshi Private Securities Investment Fund (ږwhose fund manager is Tibet
Longrising and ultimate beneficial owner holding 30% or more interest is Zeng Xiaojie, (iv) Baoyin Long/Short
Steady No. 1 Private Securities Investment Fund (ᖢ਄ 1ږwhose fund manager
is Pinpoint Investment Management Limited ( “Pinpoint Investment ”, ʮ̡ ) and
ultimate beneficial owner holding 30% or more interest is Wang Qiang, and (v) Baoyin Long/Short Steady No.
2 Private Securities Investment Fund (ᖢ਄ 2 ږwhose fund manager is Pinpoint
Investment and ultimate beneficial owner holding 30% or more interest is Wang Qiang.
To the best of CICC FT s knowledge having made all reasonable enquiries, each of the CICC FT Ultimate
Clients is an independent third party of CICC FT, CICC and the companies which are members of the same
group of companies as each of the Underwriters.
--- page 18 ---
18
2. Pursuant to an ISDA Agreement (the “ISDA Agreement ”), HTCI, which intends to participate in the Global
Offering as a placee, will hold the beneficial interest of the Shares on a non-discretionary basis as the single
underlying holder under a back-to-back total return swap (the “Back-to-back TRS ”) to be entered by HTCI in
connection with a Client TRS (as defined below) placed by and fully funded (i.e. with no financing provided
by HTCI) by the Huatai Ultimate Client (as defined below), by which, HTCI will, subject to customary fees
and commissions, pass the full economic exposure of the Shares to the Huatai Ultimate Client, which in effect,
HTCI will hold the beneficial interest of the Shares on behalf of the Huatai Ultimate Client.
Huatai is a sub-broker under the International Offering. HTCI is a member of the same group as Huatai, and
accordingly HTCI is considered as a “connected client ” of Huatai pursuant to paragraph 1B of the Placing
Guidelines.
The offshore investor (the “Huatai Ultimate Client ”), through its investment manager, will place a total
return swap order (the “Client TRS ”) with HTCI in connection with the Company s IPO. In order to hedge its
exposure under the Client TRS, HTCI participates in the Company s IPO and subscribes the Shares through
placing order with Huatai during the International Offering.
The purpose of HTCI to subscribe for the Shares is for hedging the Client TRS order placed by the Huatai
Ultimate Client. Pursuant to the terms of the Client TRS, during the tenor of the Client TRS, subject to
customary fees and commissions, all economic returns of the Shares will be passed to the Huatai Ultimate Client
through the Client TRS and all economic loss shall be borne by the Huatai Ultimate Client. HTCI will not take
any economic return or bear any economic loss in relation to the Shares.
The Huatai Ultimate Client may exercise an early termination right to terminate the Client TRS at any time from
the issue date of the Client TRS which should be on or after the date on which the Shares are listed on the Stock
Exchange at its own discretion. Upon the termination upon maturity or early termination of the Client TRS
by the Huatai Ultimate Client, HTCI will dispose the Shares on the secondary market and the Huatai Ultimate
Client will receive a final settlement amount of the Client TRS in cash in accordance with the terms and
conditions of the Client TRS which should have taken into account all the economic returns or economic loss in
relation to the Shares. If upon the maturity of the Client TRS, the Huatai Ultimate Client intends to extend the
investment period, subject to further agreement between HTCI and the relevant Huatai Ultimate Client, the term
of the Client TRS could be extended by way of a new issuance or a tenor extension.
It is proposed that HTCI will hold the legal title and the voting right of the Shares by itself, and pass through
the economic exposure to the Huatai Ultimate Client, being a client who places a Client TRS order with HTCI
in connection with the IPO of the Company. HTCI will not exercise the voting right of the Shares during the
tenor of the Client TRS.
During the life of the Client TRS, HTCI may continue to hold the Shares in its custodian account, or to hold
some or all of the Shares in a prime brokerage account for stock borrowing purposes, where HTCI will lend
out its holding of underlying Shares in the form of stock borrowing loans consistent with market practice to
lower its finance costs, provided that HTCI has the ability to call back the Shares on loan at any time in order to
satisfy its obligations under the Client TRS to ensure the economic interests are ultimately passed to the Huatai
Ultimate Client.
The Huatai Ultimate Client and its respective ultimate beneficial owner holding 30% or more interest include:
Huatai Ultimate Client UBO with 30% or more interests
MANTOU HOLDING LIMITED Meng Wang
HTCI has confirmed that, to the best of their knowledge having made all reasonable enquiries, the Huatai
Ultimate Client is an independent third party of HTCI, Huatai and the companies which are members of the
same group of companies as each of the Underwriters.
--- page 19 ---
19
Part B Connected Clients holding the beneficial interest of the Offer Shares on a
discretionary basis on behalf of independent third parties
No. Connected Distributor
Connected
Clients
Relationship with the Connected
Distributor
Whether the
Connected Client is a
collective investment
scheme which is not
authorised by the
SFC or is expected
to hold the Offer
Shares on behalf of
such scheme
Number of Offer
Shares allocated to
the connected client
Approximate
percentage of total
number of Offer
Shares (assuming
the Over-allotment
Option is not
exercised)
Approximate
percentage of total
Shares in issue
immediately following
the completion of
Global Offering
(assuming the Over-
allotment Option is
not exercised)
1. Deutsche Bank AG,
Hong Kong Branch
(“DBHK”)
Harvest Harvest is a wholly-owned
subsidiary of Harvest Financial
Group Limited, which in turn is
wholly owned by Harvest Fund
Management Co., Ltd. Harvest
Fund Management Co., Ltd. is
30% owned by DWS Investments
Singapore Limited. DWS
Investments Singapore Limited
is a wholly-owned subsidiary
of DWS Group GmbH & Co.
KGaA. DWS Group GmbH &
Co. KGaA is partially owned by
DB Beteiligungs-Holdings GmbH
(79.49%), Nippon Life Insurance
(5%) and outside shareholders
(15.51 %) as at December 31,
2025. DB Beteiligungs-Holdings
GmbH is wholly owned by
Deutsche Bank AG.
No 12,450 0.02% 0.003%
2. The Hongkong and
Shanghai Banking
Corporation Limited
(“HSBC”)
HSBC GAM HSBC and HSBC GAM are
members of the same group
No 124,800 0.17% 0.03%
3. Huatai China
Southern
China Southern and Huatai are
members of the same group
No 41,550 0.06% 0.009%
4. Funde Securities
Limited (“Funde
Securities”)
Funde
Pioneers
The investment manager of
Funde Pioneers is Funde Asset
Management (Hong Kong)
Company Limited, which is a
subsidiary of Funde Holdings
(Group) Co., Ltd. Funde Securities
is also a subsidiary of Funde
Holdings (Group) Co., Ltd.
Therefore, Funde Pioneers is a
member of the same group with
Funde Securities.
No 1,950 0.003% 0.0004%
--- page 20 ---
20
Notes:
1. Harvest will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds on
behalf of their investors, each of which is, to the best knowledge of Harvest, an independent third party of the
Company, its subsidiaries, its substantial shareholders, Harvest, DBHK and the companies which are members
of the same group of companies as Harvest and DBHK.
The funds are as follows:
• HARVEST ESG CHINA A RESEARCH SELECT FUND
• ASIA FRONTIER EQUITY FUND
• Harvest BOCHK Diverse Income Fund
• Harvest Total Return Fund
• HGI IPO MANDATE NO.1
No ultimate beneficial owner holds 30% or more interest in the funds.
2. HSBC is a sub-broker under the International Offering. HSBC GAM will hold the Offer Shares in its capacity
as the discretionary fund manager managing assets on behalf of its underlying clients. HSBC GAM is a member
of the same group of companies as HSBC. As a result, HSBC GAM is a connected client of HSBC. To the best
knowledge of HSBC GAM after due enquiry, each of its underlying clients is an independent third party of the
Company, its subsidiaries, HSBC, HSBC GAM and the companies which are members of the same group of
HSBC and HSBC GAM.
3. Huatai is a sub-broker under the International Offering. China Southern, a qualified domestic institutional
investor as approved by the relevant PRC authority to conduct asset management business, will hold the Offer
Shares as the independent agent and discretionary manager of certain QDII funds (the “China Southern
Ultimate Clients ”). China Southern has confirmed that, to the best of their knowledge, each of such China
Southern Underlying Clients are independent third parties of the Company, its subsidiaries, China Southern,
Huatai and the companies which are members of the same group of companies as Huatai and China Southern.
The China Southern Ultimate Clients for purpose of this placing subscription include China Southern Hong
Kong Growth Dynamic Allocation Hybrid Fund (ৣໄ૿Υ ), China Southern Hong Kong
Digital Economy Hybrid Initiating Fund (QDII) (ᅰο຾᏶૿Υ೯ৎ (QDII)), China Southern Hong
Kong Select Equity Fund (ಥ LOF), China Southern China New Economy 9-Month Holding Period
Hybrid Fund (QDII) (˙ʕ਷อጳ຾᏶ 9Ϟಂ૿Υ (QDII)) and China Southern Global Dynamic
Allocation Fund (ୃ (QDII-FOF)), for each of which no ultimate beneficial owner holds
30% or more interest.
4. Funde Securities is a sub-broker under the International Offering. Funde Pioneers will hold the Offer Shares on
behalf of Huang Jinghua and Kong Weina ( “Funde Pioneers Ultimate Clients ”) on a discretionary basis. To
the best knowledge, information and belief of Funde Pioneers after making all reasonable enquiries, each of the
Funde Pioneers Ultimate Clients is an independent third party of the Company, its subsidiaries, its substantial
shareholders, Funde Pioneers, Funde Securities and the companies which are members of the same group of
companies as Funde Pioneers and Funde Securities.
--- page 21 ---
21
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and
the District of Columbia). This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act ”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the U.S. Securities
Act and in compliance with any applicable state securities laws, or outside the United States
unless in compliance with Regulation S under the U.S. Securities Act. There will be no public
offer of securities in the United States.
The Offer Shares are being offered and sold (1) to qualified institutional buyers as defined in
Rule 144A under the U.S. Securities Act pursuant to an exemption from registration under the
U.S. Securities Act and (2) 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 May 20, 2026 issued by Shenzhen Creality
3D 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 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 section
headed “Underwriting Underwriting Arrangements and Expenses Hong Kong Public Offering Grounds for
Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is
currently expected to be on May 29, 2026).
--- page 22 ---
22
PUBLIC FLOAT AND FREE FLOAT
Pursuant to Rule 19A.13A of the Listing Rules, assuming that the Over-allotment Option is
not exercised, based on the Offer Price of HK$18.80 per Offer Share, the expected market
capitalization upon the Listing is HK$8,776.6 million, and the minimum prescribed public float
percentage applicable to the Shares is the higher of (i) the percentage that would result in the
expected market value of H shares held by the public to be HK$1,500,000,000 at the time of
listing and (ii) 15%. Immediately following completion of the Global Offering (assuming the
Over-allotment Option is not exercised), an aggregate of 131,440,101 H Shares, representing
approximately 28.2% of the issued share capital of the Company and having an expected market
value (based on the Offer Price of HK$18.80 per Offer Share) at the time of Listing of HK$2.47
billion, will count towards the public float. Therefore, the number of H Shares held in public hands
is higher than the prescribed percentage of H Shares required to be held in public hands under Rule
19A.13A(1) of the Listing Rules.
Each of the Cornerstone Investors has agreed to a lock-up period of six months following the
Listing Date. The H Shares held by all existing Pre-IPO investors to be converted from Unlisted
Shares are subject to a lock-up period of 12 months following the Listing Date under the applicable
PRC laws. As such, H Shares held by the Cornerstone Investors and all existing Pre-IPO 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 Offer Price of HK$18.80 per H Share, 36,788,550 H Shares
with an expected market value of approximately HK$691.6 million, which is higher than HK$600
million as required under Rule 19A.13C of the Listing Rules, will not be subject to any disposal
restrictions (whether under contract, the Listing Rules, applicable laws or otherwise) at the time of
Listing. Therefore, the Company satisfies the free float requirement under Rule 19A.13C(1)(b) of
the Listing Rules.
The Directors confirm that, immediately after the completion of the Global Offering (assuming
the Over-allotment Option is not exercised), (i) no placee will, individually, be placed more than
10% of the enlarged issued share capital of the Company; (ii) there will not be any new substantial
shareholder (as defined in the Listing Rules) of the Company; (iii) the three largest public
shareholders of the Company do not hold more than 50% of the H Shares in public hands at the
time of the Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there
will be at least 300 H Shareholders at the time of the Listing in compliance with Rule 8.08(2) of
the Listing Rules.
--- page 23 ---
23
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, May 29,
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 the H Shares on the basis of publicly available allocation details
prior to the receipt of H Share certificates or prior to the H Share certificates becoming valid
evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Friday, May
29, 2026 (Hong Kong time), it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Friday, May 29, 2026 (Hong Kong time). The H Shares will be
traded in board lots of 150 H Shares each, and the stock code of the H Shares will be 3388.
By order of the Board
Shenzhen Creality 3D Technology Co., Ltd.
Mr. Ao Danjun
Executive Director and Vice Chairman of the Board
Hong Kong, May 28, 2026
Directors of the Company to which this announcement relates are: (i) Mr. Chen Chun, Mr. Ao
Danjun, Mr. Liu Huilin, Mr. Tang Jingke, and Mr. Fang Zongdi as executive directors; (ii) Mr.
Huang Hongman as non-executive director; and (iii) Ms. Gao Li, Ms. Wang Yating, and Mr. Liang
Huaquan as independent non-executive directors.