hk-ipo/data/extracted_text/06613/allotment_results_2025-07-08_2025070801180.txt

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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange ’’)a n d
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 purc hase or subscribe for any securities in the United States or in
any other jurisdictions. The Offer Shares have not been, and w ill not be, registered under the United States Securities Act
of 1933, as amended (the ‘‘U.S. Securities Act ’’) or securities law of any state or other jurisdiction of the United States.
The Offer Shares may not be offered, sold, pledged or otherwis e transferred within the United States, except pursuant to an
available exemption from, or in a transaction not subject to, the registration r equirements of the U.S. Securities Act. There
will be no public offer of the Offer Shares in the United State s. The Offer Shares are being offered and sold solely (1) to
qualified institutional buyers as defined in Rule 144A under t he U.S. Securities Act pursu ant to Rule 144A or another
available exemption from registratio n under the U.S. Securities Act and (2) outside the United States in offshore
transactions in relianc e on Regulation S under the U.S. Securities Act.
This announcement is for in formation purposes only and does not constitute an invitation or offer to acquire, purchase or
subscribe for securities. This announcemen t is not a prospectus. Potential investors should read the prospectus dated June
30, 2025 (the ‘‘Prospectus ’’) issued by Lens Technology Co., Ltd. ( 藍思科技股份有限公司)( t h e ‘‘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 S hares should be taken solely in r eliance 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, C LSA Limited, as stabilizing manager (the ‘‘Stabilizing Manager ’’) (or its affiliates
or any person acting for it), on behalf of the Underwriters, th e extent permitted by the applicable laws and regulatory
requirements of Hong Kong or elsewhere, may over-allocate or e ffect 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 lev el higher than that which mi ght 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. Suc h stabilizing action, if taken, (a) will be conducted at the
absolute discretion of the Stabilizing Manager (or its affilia tes 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 Sunday, August 3, 2025 ). Such stabilizing action, if taken, may be e ffected 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 Stabiliz ing) Rules (Chapter 571W of the Laws of Hong Kong), as amen ded, made under the
Securities and Futures Ordinance (C hapter 571 of the Laws of Hong Kong).
Potential investors should be aware that no stabilizing actio n can be taken to support the price of the H Shares for longer
than the stabilization period, which will begin on the Listin g Date, and is expected to expire on the 30th day after the last
day for lodging applications under the Hong Kong Public Offe ring (which is Sunday, August 3, 2025). After this date, when
no further stabilizing action may be taken, demand for the H S hares, and therefore the price of the H Shares, could fall.
Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf of the Hong
Kong Underwriters) shall be entitled to terminate their ob ligations under the Hong Kong Underwriting Agreement with
immediate effect upon the occurrence of any of the events set out in the section headed ‘‘Underwriting — Hong Kong
Underwriting Arrangements — Hong Kong Public Offering — Hong Kong Underwriting Agreement — Grounds for
Termination ’’in the Prospectus at any time prior to 8:00 a.m. (Hon g Kong time) on the Listing Date (which is currently
expected to be on Wednesday, July 9, 2025).
– 1 –


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Lens Technology Co., Ltd.
藍 思 科 技 股 份 有 限 公 司
(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
: 262,256,800 H Shares (subject to the Over-allotment
Option)
Number of Hong Kong Offer Shares : 118,015,600 H Shares (as adjusted after reallocation)
Number of International Offer Shares : 144,241,200 H Shares (as adjusted after reallocation
and subject to the Over-allotment Option)
Final Offer Price : HK$18.18 per H Share plus brokerage of 1.0%, SFC
transaction levy of 0.0027%,
Hong Kong Stock Exchange trading fee of 0.00565%
and AFRC transaction levy of 0.00015%
Nominal value : RMB1.00 per H Share
Stock Code : 6613
Sole Sponsor, Sponsor-Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
– 2 –


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3

LENS TECHNOLOGY CO., LTD.
藍思科技股份有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as
those defined in the prospectus dated June 30, 2025 (the “Prospectus”) issued by Lens Technology Co., Ltd. (the
“Company”).

Warning: In view of high concentration of sh areholding 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 num ber of H Shares traded and should  exercise extreme caution when
dealing in the H Shares.
SUMMARY
Company Information
Stock Code 6613
Stock short name LENS
Dealings commencement date July 9, 2025*
*see note at the end of the announcement
Price Information
Final Offer Price HK$18.18
Offer Price Range HK$17.38 – HK$18.18
Offer Price Adjustment N/A

Offer Shares and Share Capital
Number of Offer Shares 262,256,800
Number of Offer Shares in Hong Kong Public Offering (after
reallocation)
118,015,600
Number of Offer Shares in International Offering (after
reallocation)
144,241,200
Number of issued Shares upon Listing (before exercise of the
Over-allotment Option)
5,245,028,971

Offer Size Adjustment Option (Upsize option)
Number of additional Shares issued under the option 0*
- Hong Kong Public Offering -
- International Offering -
*The Offer Size Adjustment Option has not been exercised.


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4

Over-allocation
No. of Offer Shares over-allocated 39,338,400
Such over-allocation may be covered by exercising the Over-allotment Option or by making purchases in
the secondary market at prices that do not exceed the Offer Price or through deferred delivery or a
combination of these means. In the event the Over-allotment Option is exercised, an announcement will be
made on the Stock Exchange’s website.

Proceeds
Gross proceeds (Note) HK$4,767.83 million
Less: Estimated listing expenses payable based on Final Offer
Price
HK$(74.14) million
Net proceeds HK$4,693.69 million

Note: Gross proceeds refers to the amount which the Company is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds” of the Prospectus.
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 Us e of Proceeds” of the Prospectus
on a pro rata basis.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING

No. of valid applications 229,080
No. of successful applications 161,996
Subscription level  462.76 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Hon g Kon g Public
Offering
28,848,400
No. of Offer Shares reallocated from the International Offering (claw-
back)
89,167,200
Final no. of Offer Shares under the Hong Kong Public Offering (as
adjusted after reallocation)
118,015,600

% of Offer Shares under the Hong Kong Public Offering to the Global
Offering
Approximately 45.0%

Note: For details of the final alloca tion of H Shares to the Hong Kong Pub lic Offering, investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a sear ch by identification document number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.


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5

INTERNATIONAL OFFERING

No. of placees 165
Subscription Level  16.68 times
No. of Offer Shares initially available under the International Offering 233,408,400
Final no. of Offer Shares under the International Offering (as adjusted
after reallocation and subject to the Over-allotment Option)
144,241,200
% of Offer Shares under the Intern ational Offering to the Global
Offering
Approximately 55.0%

The Directors confirm that, to the best of their know ledge, information and belief, save for (a) a waiver from
strict compliance with the requirements under Rule 10.04 of the Listing Rules and consent under paragraph 5(2)
of Appendix F1 to the Listing Rules (the “ Placing Guidelines”) granted by the Sto ck Exchange to permit H
Shares in the International Offering to be placed to certain Exis ting Minority Shareholde rs and/or their close
associates; and (b) 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 th e International Offering to the Cornerstone Investors
and/or their respective close associat es, (i) none of the Offer Shares subs cribed by the placees and the public
have been financed directly or indir ectly by the Company, any of the Dir ectors, Supervisors, chief executive of
the Company, controlling Shareholders, substantial Shareholders, existing Shareholders of the Company or any
of its subsidiaries or their respective close associ ates; and (ii) none of the placees and the public who have
purchased the Offer Shares are accust omed to taking instructions from the Company, any of the Directors,
Supervisors, chief executive of th e 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
(assuming the
Over-allotment
Option is not
exercised) Note 2
% of total issued
share capital in the
Company after the
Global Offering
(assuming the Over-
allotment Option is
not exercised)
Existing shareholders
or their close
associates
Green Better Limited
(“Green Better”)
4,317,800 1.65% 0.08% No
Olympic Country
Company Limited
(“Olympic Country”)
4,317,800 1.65% 0.08% No
UBS Asset
Management
(Singapore) Ltd. (“UBS
AM Singapore”)
21,589,800 8.23% 0.41% No
Oaktree Capital
Management, L.P.
(“Oaktree”)
10,794,800 4.12% 0.21% No


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6

Investor
No. of Offer
Shares allocated
Note 1
% of total issued H
Shares after the
Global Offering
(assuming the
Over-allotment
Option is not
exercised) Note 2
% of total issued
share capital in the
Company after the
Global Offering
(assuming the Over-
allotment Option is
not exercised)
Existing shareholders
or their close
associates
LMR Multi-Strategy
Master Fund Limited
(“LMR”)
12,953,800 4.94% 0.25% No
Redwood Elite Limited
(“Redwood”)
2,590,600 0.99% 0.05% No
QRT Master Fund SPC
(“QRT”)
8,635,800 3.29% 0.16% No
Poly Platinum
Enterprise Limited
(“Poly Platinum”)
6,476,800 2.47% 0.12% No
Infini Global Master
Fund (“Infini”)
6,476,800 2.47% 0.12% No
Verition Multi-Strategy
Master Fund Ltd.
(“Verition”)
4,317,800 1.65% 0.08% No
Total 82,471,800 31.45% 1.57%
Notes:
1. In addition to the Offer Shares subscribed for as Cornerstone Investors as shown here, Green Better,
Olympic Country, UBS AM Singapore, LMR, QRT,  Poly Platinum, Infini, Verition and a close
associate of Redwood were allocated further Offer Shares as placees in the International Offering.
Please refer to the section headed “Allotment Resu lts Details – International Offering – Allotees
with Waivers/Consents Obtained” in this an nouncement 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 U ndertakings – Cornerstone Investors” in this
announcement.
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.


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7

Allotees with Waivers/Consents Obtained
Investor
No. of Offer
Shares
allocated
% of total issued H
Shares after the
Global Offering
(assuming the Over-
allotment Option is
not exercised) Note 4
% of total issued share
capital in the
Company after the
Global Offering
(assuming the Over-
allotment Option is not
exercised) Relationship
Allotees with waiver from strict  compliance with the requirements under Rule 10.04 of the Listing Rules
and consent under paragraph 5(2) of the Placing Guid elines in relation to subscription for H Shares by
Existing Minority Shareholders holding more than 1% of the issued share capital of the Company
immediately prior to the completion of the Global Offering and/or their close associates Note 1
E FUND
MANAGEMENT
CO., LTD. (“E Fund
Management”)
1,797,600 0.69% 0.03% E Fund Management
also manages other
fund products, each
holding less than 1%
of the issued share
capital but in
aggregate holding
more than 1% of the
issued share capital of
the Compan
y.
E Fund Management
(Hong Kong) Co Ltd
362,400 0.14% 0.01% E F und Management
(Hong Kong) Co Ltd i
s wholly owned by E
Fund Management, w
hich also manages oth
er fund products, each
 holding less than 1%
of the issued share cap
ital but in aggregate h
olding more than 1%
of the issued share cap
ital of the Compan
y.
AEGON-
INDUSTRIAL FUND
MANAGEMENT
CO., LTD.
560,000 0.21% 0.01% AEGON-
INDUSTRIAL FUND
MANAGEMENT
CO., LTD. also
manages other fund
products, each holding
less than 1% of the
issued share capital
but in aggregate
holding more than 1%
of the issued share
capital of the
Compan
y.


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8

Allotees with 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 respective close associates Note 2
Green Better 4,317,800 1.65% 0.08% Cornerstone Investor
Olympic Country 432,000 0.16% 0.01%  Cornerstone Investor
UBS AM Singapore  11,918,400 4.54% 0.23%  Cornerstone Investor
LMR 8,635,800 3.29% 0.16% Cornerstone Investor
Goldstream Capital
Management Limited
1,274,000 0.49% 0.02% close associate of
Redwood, a
Cornerstone Investor
QRT and its
segregated portfolio
Torus Fund SP, which
is managed by Qube
Research &
Technologies Hong
Kong Limited (“QRT
HK”) and certain
affiliates of QRT HK
(collectively “QRT
Fund”)
4,530,000 1.73% 0.09% Cornerstone Investor
Poly Platinum 3,240,000 1.24% 0.06% Cornerstone Investor
Infini 3,240,000 1.24% 0.06% Cornerstone Investor
Verition 2,160,000 0.82% 0.04% Cornerstone Investor
Allotees with consent under paragraph 5(1) of the Placing Guidelines and Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations to connected clients Note 3
CITIC Securities
International Capital
Management Limited
(“CSI”)
2,336,400 0.89% 0.04% Connected client
CITIC Securities
Asset Management
(HK) Limited
(“CITICS AM HK”)
646,000 0.25% 0.01% Connected client
China Asset
Management (Hong
Kong) Limited
(“China AM HK”)
560,000 0.21% 0.01% Connected client
China Galaxy
International
Investment Company
Limited (“Galaxy
Investment”)
43,200 0.02% 0.001% Connected client


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9

Notes:
1. The Stock Exchange has granted a waiver from st rict compliance with the requirements under Rule
10.04 of the Listing Rules and consent under Paragraph 5(2) of the Placing Gu idelines to permit H
Shares in the International Offeri ng to be placed to certain Ex isting Minority Shareholders. Please
refer to the section headed “Wai vers from Strict Compliance with  the Hong Kong Listing Rules –
Allocation of H Shares to Existing Minority Shar eholders and their Close Associates” of the
Prospectus for more details.
To the best knowledge, information and belief of the Company after due enquiry, details of the
allocations to the Existing Minority Shareholders holding more than 1% of the issued share capital of
the Company immediately prior to the completion of the Global Offering have b een disclosed in this
announcement.
2. The number of Offer Shares allocated to the relevant investors listed in this subsection only represents
the number of Offer Shares allocated to the invest ors as placees in the International Offering. For
allocations of Offer Shares to the relevant invest ors 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  Cornerstone Investors and/or  their respective close
associates and, please refer to the section headed  “Others/Additional Information – Allocations of
Offer Shares to Cornerstone Investors and/or their respective close associates with a consent under
Chapter 4.15 of the Guide for New Listing Applicants” in this announcement.
3. For details of the consent under paragraph 5(1) of  the Placing Guidelines and Chapter 4.15 of the
Guide for New Listing Applicants in relation to alloca tions to connected clients, please refer to the
section headed “Others / Additiona l Information – Placing to connect ed clients with a prior consent
under paragraph 5(1) of the Placing Guidelines” in this announcement.
4. The number of H Shares immediatel y after the Global Offe ring is the same as the number of Offer
Shares to be issued under the Global Offering.


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10

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 (assuming
the Over-allotment
Option is not
exercised) Note 2
% 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 Note 3
Lens Technology
(HK) Co., Limited
(藍思科技 (香港 )
股份有限公司 )
(“Lens
Technology
(HK)”)
Note 1
2,804,509,821 - 53.47% January 8, 2026
(First Six-month
Period) Note 4
July 8, 2026
(Second Six-month
Period) Note 5
Changsha Qunxin
Investment
Consulting
Company Limited
(長沙群欣投資諮
詢有限公司 )
(“Changsha
Qunxin”)
Note 1
288,025,612 - 5.49% January 8, 2026
(First Six-month
Period) Note 4
July 8, 2026
(Second Six-month
Period) Note 5
Mr. Cheng Chun
Lung ( 鄭俊龍 )
(“Mr. Cheng ”) Note
1
3,347,879 - 0.06% January 8, 2026
(First Six-month
Period) Note 4
July 8, 2026
(Second Six-month
Period) Note 5
Total 3,095,883,312 - 59.03%
Notes:
1. Lens Technology (HK) is wholly owned by Ms. Chau Kwan Fei ( 周群飛 ) (“ Ms. Chau ”), and
Changsha Qunxin is held as to 97.90% by Ms . Chau and 2.10% by Mr. Cheng. Ms. Chau and Mr.
Cheng are spouses.
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. In accordance with the relevant Li sting Rule/guidance materials, the required lock-up for the first six-
month period ends on January 8, 2026 and for the second six-month period, on July 8, 2026.
4. The Controlling Shareholders may dispose of or tr ansfer Shares after the indicated date subject to
that the Controlling Shareholders will not cease to be a Controlling Shareholder.
5. The Controlling Shareholders will cease to be prohi bited from disposing of  or transferring Shares
after the indicated date.


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11

Cornerstone Investors
Name
Number of H Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing (assuming the
Over-allotment
Option is not
exercised) Note 1
% 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
undertakingsNote 2
Green Better 4,317,800 1.65% 0.08% January 8, 2026
Olympic Country 4,317,800 1.65% 0.08% January 8, 2026
UBS AM Singapore 21,589,800 8.23% 0.41% January 8, 2026
Oaktree 10,794,800 4.12% 0.21% January 8, 2026
LMR 12,953,800 4.94% 0.25% January 8, 2026
Redwood 2,590,600 0.99% 0.05% January 8, 2026
QRT 8,635,800 3.29% 0.16% January 8, 2026
Poly Platinum 6,476,800 2.47% 0.12% January 8, 2026
Infini 6,476,800 2.47% 0.12% January 8, 2026
Verition 4,317,800 1.65% 0.08% January 8, 2026
Total 82,471,800 31.45% 1.57%
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 inve stment agreements, the required lock-up ends on
January 8, 2026. The Cornerstone Investors will cease  to be prohibited from disposing of or
transferring H Shares subscribed for pursuant to the relevant cornerstone investment agreements
after the indicated date.


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12

PLACEE CONCENTRATION ANALYSIS
Placees(1)
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 and new
H Shares are
issued)
Allotment as % of
total Offer Shares
(assuming no
exercise of the
Over- allotment
Option)
Allotment as % of
total Offer Shares
(assuming the
Over- allotment
Option is fully
exercised and new
H Shares are
issued)
Number of H
Shares held upon
Listing
% of total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option) (2)
% of total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is fully
exercised and new
H Shares are
issued) (2)
Top 1 33,508,200 23.23% 18.25% 12.78% 11.11% 33,508,200 0.64% 0.63%
Top 5 88,775,200 61.55% 48.36% 33.85% 29.44% 88,775,200 1.69% 1.68%
Top 10 123,105,000 85.35% 67.06% 46.94% 40.82% 123,105,000 2.35% 2.33%
Top 25 158,193,200 109.67% 86.17% 60.32% 52.45% 158,193,200 3.02% 2.99%

Notes:
(1) Ranking of placees is based on the number of H Shares allotted to the placees.
(2) For the avoidance of doubt, the number of A Shares used for calculating the total issued share capital upon Listing here is as of June 30, 2025.


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13

H SHAREHOLDER CONCENTRATION ANALYSIS
H
Shareholders
(1)
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 and
new H Shares
are issued)
Allotment as %
of total Offer
Shares
(assuming no
exercise of the
Over-
allotment
Option)
Allotment as %
of total Offer
Shares
(assuming the
Over-
allotment
Option is fully
exercised and
new H Shares
are issued)
Number of H
Shares held
upon Listing
% of total
issued H share
capital upon
Listing
(assuming no
exercise of the
Over-allotment
Option)
% of total
issued H share
capital upon
Listing
(assuming the
Over-allotment
Option is fully
exercised and
new H Shares
are issued)
Number of
Shares held
upon Listing
Top 1 33,508,200  23.23% 18.25% 12.78% 11.11% 33,508,200 12.78%  11.11% 33,508,200
Top 5 88,775,200  61.55% 48.36% 33.85% 29.44% 88,775,200 33.85%  29.44% 88,775,200
Top 10 123,105,000  85.35% 67.06% 46.94% 40.82% 123,105,000 46.94%  40.82% 123,105,000
Top 25 158,193,200 109.67% 86.17% 60.32% 52.45% 158,193,200 60.32%  52.45% 259,073,219

Note:
(1) Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.


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14

SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders(1)
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 and
new H Shares
are issued)
Allotment as %
of total Offer
Shares
(assuming no
exercise of the
Over-
allotment
Option)
Allotment as %
of total Offer
Shares
(assuming the
Over-allotment
Option is fully
exercised and
new H Shares
are issued)
Number of H
Shares held
upon Listing
Number of
Shares held
upon Listing(2)
% of total
issued share
capital upon
Listing
(assuming no
exercise of
the Over-
allotment
Option) (3)
% of total
issued share
capital upon
Listing
(assuming the
Over-allotment
Option is fully
exercised and
new H Shares
are issued) (3)
Top 1 0 0.00% 0.00% 0.00% 0.00% 0  3,119,700,479 (4) 59.48% (4)  59.04% (4)
Top 5 2,720,000 1.89% 1.48% 1.04% 0.90% 2,720,000  3,625,090,996 69.11% 68.60%
Top 10 57,817,800 40.08% 31.49% 22.05% 19.17% 57,817,800  3,762,331,978 71.73% 71.20%
Top 25 109,847,600 76.16% 59.84% 41.89% 36.42% 109,847,600 3,931,416,787  74.96% 74.40%

Notes:
(1) Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders upon Listing.
(2) Among the top 25 placees, certain placees  are also existing Shareholders. To the best knowledge, information and belief of the Company after due enquiry, details of the allocations
to the Existing Minority Shareholders holding more than 1% of the issued share capital of the Company immediately prior to the completion of the Global Offering have been disclosed
in this announcement. Please refer to the section headed “Allotees with Waivers/Consents Obtained - Allotees with waiver from strict compliance with Rule 10.04 of the Listing Rules
and consent under paragraph 5(2) of the Placing Guidelines in relation to subscription for H Shares by Existing Minority Shareh olders holding more than 1% of the issued share
capital of the Company immediately prior to the completion of the Global Offering and/or their close associates”. As the top 25 placees who are also existing shareholders held less
than 1% of the issued share capital of the Company immediately prior to the completion of the Global Offering, the number of A Shares held by them are not counted into the number
of Shares held upon Listing.
(3) For the avoidance of doubt, the number of A Shares used for calculating the total issued share capital upon Listing here is  as of June 30, 2025.
(4) Including the 23,817,167 treasury shares of the Company.


--- page 15 ---
15

BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Pr ospectus, a total of 229,080 valid
applications made by the public will be conditionally allocated on the basis set out below:
   Approximate
  Pool A percentage
   allotted of the
Number of Number  total number of
H Shares of valid  H Shares applied
applied for a pplications Basis of allocation/ballot for
200 38,880 7,776 out of 38,880 to receive 200 Shares 20.00%
400 14,164 3,932 out of 14,164 to receive 200 Shares 13.88%
600 6,851 2,365 out of 6,851 to receive 200 Shares 11.51%
800 3,825 1,530 out of 3,825 to receive 200 Shares 10.00%
1,000 8,628 4,098 out of 8,628 to receive 200 Shares 9.50%
1,200 4,348 2,348 out of 4,348 to receive 200 Shares 9.00%
1,400 3,707 2,206 out of 3,707 to receive 200 Shares 8.50%
1,600 4,081 2,612 out of 4,081 to receive 200 Shares 8.00%
1,800 4,178 2,820 out of 4,178 to receive 200 Shares 7.50%
2,000 22,601 15,821 out of 22,601 to receive 200 Shares 7.00%
3,000 13,286 11,957 out of 13,286 to receive 200 Shares 6.00%
4,000 12,374 200 Shares 5.00%
5,000 6,675 200 Shares plus 1,335 out of  6,675 to receive additional 200 Shares 4.80%
6,000 5,635 200 Shares plus 2,141 out of  5,635 to receive additional 200 Shares 4.60%
7,000 3,128 200 Shares plus 1,580 out of  3,128 to receive additional 200 Shares 4.30%
8,000 2,402 200 Shares plus 1,441 out of  2,402 to receive additional 200 Shares 4.00%
9,000 1,678 200 Shares plus 1,040 out of  1,678 to receive additional 200 Shares 3.60%
10,000 16,509 200 Shares plus 10,731 out of  16,509 to receive additional 200 Shares 3.30%
20,000 9,635 200 Shares plus 8,672 out of  9,635 to receive additional 200 Shares 1.90%
30,000 5,858 200 Shares plus 5,565 out of  5,858 to receive additional 200 Shares 1.30%
40,000 4,192 400 Shares 1.00%
50,000 9,401 400 Shares plus 4,465 out of  9,401 to receive additional 200 Shares 0.99%
100,000 5,646 800 Shares 0.80%
150,000 3,194 1,000 Shares 0.67%
200,000 2,656 1,200 Shares 0.60%
250,000 7,862 1,400 Shares 0.56%
Total 221,394 Total number of Pool A successful a pplicants: 154,310


--- page 16 ---
16

  Pool B Approximate
   percentage
   allotted of the
Number Number  total number of
of H Shares of valid  H Shares applied
applied for applications Basis of allocation/ballot for
500,000 4,632 3,600 Shares plus 4,631 out of  4,632 to receive additional 200 Shares 0.76%
750,000 899 5,600 Shares 0.75%
1,000,000 870 7,400 Shares 0.74%
1,500,000 409 10,800 Shares 0.72%
2,000,000 252 14,200 Shares 0.71%
2,500,000 130 17,600 Shares 0.70%
3,000,000 148 20,800 Shares 0.69%
4,000,000 104 27,000 Shares 0.68%
5,000,000 42 33,400 Shares 0.67%
6,000,000 66 39,400 Shares 0.66%
8,000,000 29 51,800 Shares 0.65%
10,000,000 35 63,800 Shares 0.64%
12,000,000 14 75,200 Shares 0.63%
14,424,200 56 88,800 Shares 0.62%
Total 7,686 Total number of Pool B successful applicants: 7,686

As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to th e accounts of all HKSCC participants.
Investors should contact their rele vant brokers for any inquiries.


--- page 17 ---
17

COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of which
consent has been obtained, the Company has complied with the Listing Rules and guidance materials in
relation to the placing, allotment and listing of the Company’s H Shares.
The Directors confirm that, to the best of their knowledge, no rebate ha s been, directly or indirectly,
provided by the Company, Directors or syndicate members to any placees or the public (as the case may
be) and the consideration paid by them for each Offe r 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 Hong Kong Stock Exchange trading fee payable.
OTHERS / ADDITIONAL INFORMATION
Shareholding prior to the Global Offering
For the avoidance of doubt, the shareholding in the Company prior to the Gl obal Offering (i.e., the A
Shares held by existing shareholders) disclosed or referred to herein is as of June 30, 2025.
Offer Size Adjustment Option and reallocation
The Offer Size Adjustment Option has not been exercised. As the Hong Kong Public Offering has been
oversubscribed 70 times or more, the reallocation as de scribed in the section headed “Structure of the
Global Offering – The Hong Kong Public Offering – Reallocation and Clawback” of the Prospectus has
been applied.
As a result of the above, the final number of Offe r Shares under the Hong Kong Public Offering is
adjusted to 118,015,600 Shares, representing approximately 45.00% of the total number of Offer Shares
available under the Global Offering (assuming the Over-allotment Option is not exercised), and the final
number of Offer Shares under the International Offering is adjusted to 144,241,200 Shares, representing
approximately 55.00% of the total number of Offe r Shares under the Global Offering (assuming the
Over-allotment Option is not exercised).
Allocation of H Shares to existing minority Shareholders and their close associates
The Company has applied to, and the Stock Exchange has granted, a waiver from strict compliance with
the requirements under Rule 10.04 and consent under paragraph 5(2) of the Placing Guidelines to permit
H Shares in the International Offering to be placed to certain existing minority Shareholders who (i) hold
less than 5% of the total number of A Shares in i ssue of the Company prior to the completion of the
Global Offering and (ii) are not and will not become (upon the completion of the Global Offering) core
connected persons of the Company or the close associates of any such core connected person (together,
the “Existing Minority Shareholders”), subject to the conditions as disclosed in the paragraphs headed
“Waivers from Strict Compliance with the Hong Kong Listing Rules – Allocation of H Shares to Existing
Minority Shareholders and their Close Associates” in the Prospectus, including, among others, the details
of allocation to the Existing Minority Shareholders holding more than 1% of the issued share capital of
the Company immediately prior to the completion of th e Global Offering, and/or their close associates
will be disclosed in this announcement (for both co rnerstone investors and placees). To the best
knowledge, information and belief of  the Company after due enquiry, de tails of the allocations to the
Existing Minority Shareholders holding more than 1%  of the issued share capital of the Company
immediately prior to the completion of the Global Offering have been disclosed in this announcement.
Please refer to the section headed “Allotment Results Details – Internat ional Offering – Allotees with
Waivers/Consents Obtained” in this announcement for more details. All allocations of Offer Shares to


--- page 18 ---
18

the Existing Minority Shareholders are in complia nce with all the conditi ons under the waiver and
consent granted by the Stock Exchange.
Allocations of Offer Shares to Cornerstone Investors and/or their respective 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 to permit the Company to allocate further Offer Shares in the
International Offering to certain Cornerstone Investor s and/or their close associ ates as placees, subject
to the following conditions (“Allocation to Size-based Exemption Participants”):
1. the final offering size of the Global Offering, excluding any over-allocation, will be of a total
value of at least HK$1 billion;
2. the Offer Shares allocated to all existing Share holders 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;
3. each Director, chief executive, Controlling Shar eholder and Supervisor of the Company has
confirmed that, no Offer Shares have been allocated to them or their respective close associates
pursuant to this exemption;
4. the Allocation to Size-based Exemption Participan ts will not affect the Company’s ability to
satisfy its public float requireme nt as prescribed by the Stock Exchange under the waiver from
strict compliance with the requirements of Rule 8.08(1)(a) of the Listing Rules; and
5. details of the Allocation to Size-based Exemption Participants under this 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 De tails – International Offe ring – Allotees with
Waivers/Consents Obtained” in this announcement.
Placing to connected clients with a prior consent under paragraph 5(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 Exch ange for, and the Stock Exchange has granted, a
consent under paragraph 5(1) of th e Placing Guidelines to permit the Company to allocate such Offer
Shares in the International Offering  to the connected clients. The a llocation of Offer Shares to such
connected clients is in compli ance with all the conditions under the consent granted by the Stock
Exchange. Details of the placement to connected clients are set out below:


--- page 19 ---
19


No. Connected
distributor
Connected client Relationship Whether the
connected clients
will hold the
beneficial interests
of the Offer Shares
on a non-
discretionary basis
or discretionary
basis for
independent third
parties
Number of Offer
Shares to be
allocated to the
connected client
Approximate
percentage of Offer
Shares allocated to
the connected client
(assuming no
exercise of the
Over-allotment
Option)
Approximate
percentage of total
issued share capital
after the Global
Offering (assuming
no exercise of the
Over-allotment
Option)
1.
CLSA Limited
(“CLSA”)
CSI (1)  CSI is a member of
the same group of
companies as CLSA.
Non-discretionary 2,336,400  0.89% 0.04%
2.  CITICS AM HK (2)  CITICS AM HK is a
member of the same
group of companies as
CLSA.
Discretionary 646,000

0.25% 0.01%
3.  China AM HK (3) China AM HK is a
member of the same
group of companies as
CLSA.
Discretionary 560,000  0.21% 0.01%


--- page 20 ---
20

4.  China Galaxy
International
Securities (Hong
Kong) Co., Limited
(“Galaxy
Securities”)
(4)
Galaxy Investment (5) Galaxy Investment is
a member of the same
group of companies as
Galaxy Securities.
Non-discretionary 43,200 0.02% 0.001%

Notes:
(1) The Offer Shares placed to CSI will be held by CSI acting as the single counterparty of a back to-back total return swap transa ction (the “CSI Back-to-back TRS”) to
be entered into by CSI in connection with a total return swap order (the “CSI Client TRS”) placed by its ultimate clients (the “CSI Ultimate Clients”). As confirmed by
CSI and CLSA, CSI will hold the legal title and beneficial interest in the Offer Share, but will contractually agree to pass on the full economic exposure and return of the
Offer Shares placed to the CSI Ultimate Clients, on a non-discret ionary basis. CSI will hold the beneficial interest of the Off er Shares on behalf of the CSI Ultimate
Clients on a non-discretionary basis. The CSI Ultimate Clients may exercise an early termination right to early terminate the CSI Client TRS at any time from the trade
date of the CSI Client TRS which should be on or after the date on which the Offer Shares are listed on the Stock Exchange. Upon the final maturity or termination of the
CSI Client TRS by the CSI Ultimate Clients, CSI will dispo se of the Offer Shares on the secondary market and the CSI Ultimate C lients will receive a final termination
amount of the CSI Back-to-back TRS which should have taken into account all the economic returns or economic loss in relation to the Offer Shares and the fixed amount
of transaction fees of the CSI Back-to-ba ck TRS and the CSI Client TRS. CSI will not  exercise the voting right of the Offer Sha res during the terms of the CSI Back-to-
back TRS. To the best knowledge of CSI after making all reasonabl e enquiries, (i) each of the CSI Ultimate Clients is an indepe ndent third party of CSI, CLSA and the
companies which are members of the same group of CLSA; (ii) the ultimate beneficial owner(s) each of the individuals or entitie s holding 30% or more interest of CSI
Ultimate Clients is an independent third party of the CSI, CLSA and the companies which are memb ers of the same group of CLSA; and (iii) each of the CSI Ultimate
Clients is an independent third party of the Company, the subsidiaries, Controlling Shareholders, and substantial shareholders of the Company.
(2) CITICS AM HK will hold the Offer Shares in accounts in its capacity as the discretionary investment manager managing assets on behalf of its underlying clients. To the
best knowledge of CITICS AM HK after due enquiry, each of the underlying clients of CITICS AM HK is an independent third party of CITICS AM HK and CLSA and
the companies which are members of the same group of CLSA.
(3) China AM HK will hold the Offer Shares in accounts in its capac ity as the discretionary investment manager managing assets on behalf of its underlying clients. To the
best knowledge of China AM HK after due enquiry, each of the u nderlying clients of China AM HK is an independent third party of China AM HK and CLSA and the
companies which are members of the same group of CLSA.
(4) Galaxy Securities is a non-syndicate distributor in relation to the Global Offering.


--- page 21 ---
21

(5) The Offer Shares propose to be pla ced to Galaxy Investment (the “ Connected Client Shares”) will be held by Galaxy Investment as the single counterparty of a back-
to-back total return swap transaction (the “ Back-to-back TRS”) to be entered between Galaxy Investment and China Galaxy Securiti es Co., Ltd. in connection with a
total return swap order placed by and fully funded by Yingfu Zhenxiang No. 20 Private Equity Investment Fund (
盈富臻享20
號私募證券投資基金) (the “Client TRS”),
its ultimate client (the “Galaxy Ultimate Client”), by which Galaxy Investment will pass the full economic exposure of the Connected Client Shares to the Galaxy Ultimate
Client, which in effect, Galaxy Investment will hold the beneficial interest of the Connected Client Shares on behalf of the Galaxy Ultimate Client on a non-discretionary
basis. Galaxy acts as the asset manager of the Galaxy Ultimate Client. Galaxy Investment will hold the legal title and beneficial interest in the Connected Client Shares,
but will contractually agree to pass on the full economic exposure and return of the Connected Client Shares to the Galaxy Ultimate Client. The Galaxy Ultimate Client
may exercise an early termination right to early terminate the Client TRS at any time from the trade date of the Client TRS which should be on or after the date on which
the Connected Client Shares are listed on the Stock Exchange. Upon th e final maturity or early termination of the Client TRS by  the Galaxy Ultimate Client, Galaxy
Investment will dispose the Connected Client Shares on the secondary market and the Galaxy Ultimate Client will receive a final termination amount of the Back-to-back
TRS which should have taken into account all the economic returns or economic loss in relation to the Connected Client Shares, the fixed amount of management fees of
the Back-to-back TRS and the Client TRS. Due to its internal policy, Galaxy Investment will not exercise the voting right of the Connected Client Shares during the tenor
of the Back-to-back TRS. To the best knowledge of Galaxy Investment after making all reasonable inquiries, (i) the Galaxy Ultimate Client is an independent third party
of Galaxy Investment, Galaxy Securities and th e companies which are members of the same  group of Galaxy Securities; and (ii) th e Galaxy Ultimate Client is an
independent third party of the Company, the subsidiaries, Controlling Shareholders, and substantial shareholders of the Company.


--- page 22 ---
22

DISCLAIMERS

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong Kong
Securities Clearing Company Limited take no responsibil ity for the contents of this announcement, make
no representation as to its accuracy or completene ss 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 the Offer Shares in the United States or in any other jurisdictions. The Offer Shares have not been, and
will not be, registered under the United States Securi ties Act of 1933 as amended from time to time (the
“U.S. Securities Act”) or securities law of any state or other jurisdiction of the United States. The Offer
Shares may not be offered, sold, pledged or otherwise transferred within the United States, except pursuant
to an exemption from the registration requirements of the U.S. Securities Act and U.S. Investment Company
Act of 1940, as amended (“U.S. Investment Company 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) solely to qualified institutional buyers as defined in Rule
144A under the U.S. Securities Act in accordance with Rule 144A under the U.S. Securities Act, or pursuant
to another available exemption from, or in a transaction not subject to, the registration requirements of the
U.S. Securities Act and any applicable state securities law, 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 June 30, 2025 issued by Lens Technology Co., Ltd. for detailed
information about the Global Offering described below befo re deciding whether or not to invest in the H
Shares thereby being offered.
*Potential investors of the Offer Shares should not e that the Sole Sponsor and the Overall Coordinators
(for themselves and on behalf of the Hong Kong Underwriters) sh all be entitled to terminate their
obligations under the Hong Kong Underwriting Agreem ent with immediate effect upon the occurrence
of any of the events set out in the se ction headed “Underwriting – Hong Kong Underwriting
Arrangements – Hong Kong Public Offering – Hong Kong Underwriting Agreement – Grounds for
Termination” in the Prospectus at any time prior to 8: 00 a.m. (Hong Kong time) on the Listing Date
(which is currently expected to be on July 9, 2025).


--- page 23 ---
PUBLIC FLOAT
The Stock Exchange has granted the Company a waive r from strict compliance with Rule 8.08(1)(b)
and Rule 19A.13A of the Listing Rules to allow t he minimum percentage of the H Shares of the
Company to be held by the public from time to tim e shall be no less than 5.00%, or such higher
percentage upon the completion of any exercise of th e Offer Size Adjustment Option and/or the Over-
allotment Option, of the Company ’s total issued share capital (e xcluding treasury Shares) (the ‘‘Public
Float Waiver ’’).
Immediately following the completion of the Gl obal Offering (before any exercise of the Over-
allotment Option), the number of H Shares held in pub lic hands represents approximately 5.02% of the
total issued share capital of the Company (excl uding treasury Shares), satisfying the minimum
percentage as prescribed by the Public Float Waiver.
The Directors confirm that, immediately following the completion of the Global Offering (before any
exercise of the Over-allotment Opt ion), (i) no placee will, individua lly, be placed more than 10% of the
enlarged issued share capital of the Company immedi ately after the Global Off ering; (ii) there will not
be any new substantial Shareholder i mmediately after the Global Offer ing; (iii) the three largest public
Shareholders do not hold more than 50% of the Shares in public hands at the time of the Listing in
compliance with Rules 8.08(3) and 8.24 of the Li sting Rules; and (iv) there will be at least 300
Shareholders at the time of the Listing in compl iance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evi dence of title at 8:00 a.m. on Wednesday, July 9,
2025 (Hong Kong time), provided that the Global Off ering 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 avai lable allocation details prior to
the receipt of H Share certificates or prior to the H Sha re certificates becoming valid evidence of title
do so entirely at their own risk.
Assuming that the Global Offering becomes uncondi tional at or before 8:00 a.m. on Wednesday, July
9, 2025 (Hong Kong time), it is expected that dea lings in the H Shares on the Stock Exchange will
commence at 9:00 a.m. on Wednesday, July 9, 2025 (Hong Kong time). The H Shares will be traded in
board lots of 200 H Shares each, and the stock code of the H Shares will be 6613.
By order of the Board
Lens Technology Co., Ltd.
Chau Kwan Fei
Chairman of the Board
Hong Kong, July 8, 2025
As of the date of this announcement, the board of directors of the Company comprises: (i) Ms. Chau Kwan Fei,
Mr. Cheng Chun Lung and Mr. Rao Qiaobing as executive dir ectors; and (ii) Ms. Wan Wei, Mr. Liu Yue, Mr. Tian Hong
and Mr. Xie Zhiming as independent non-executive directors.
– 23 –