hk-ipo/data/extracted_text/06658/allotment_results_2026-06-12.txt

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Hong Kong Exchanges and Clearing Limite d, 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 complet eness 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 relea se, publication, distribution, directly or indirectly, in or
into the United States (including its territo ries and possessions, any state of the United
States and the District of Columbia). This an nouncement does not constitute or form a part
of any offer or solicitation to purchase or subscr ibe for securities in the United States or in
any other jurisdictions. The securities ment ioned herein 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. The securities 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 in compliance with any applicable state securities laws, or outside
the United States unless in compliance wit h Regulation S under the U.S. Securities Act.
There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not consti tute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a
prospectus. Potential investors shoul d read the prospectus dated June 5, 2026(the
“Prospectus ”) issued by Liuliumei Co., Ltd. (
溜溜梅股份有限公司)( t h e“ Company ”)
for detailed information about the Global Offering described b elow 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 relianc e on the information in the Prospectus. The
Company has not been and will not be register ed under the U.S. Investment Company Act of
1940, as amended.
Unless otherwise defined in th is announcement, capitalized ter ms used herein shall have the
same meanings as those defined in the Prospectus.
No stabilizing manager will be appointed, and it is anticipated that no stabilization
activities will be carried out in relation to the Global Offering.
Potential investors of the Offer Shares should n ote that the Overall Coordinators (for
themselves and on behalf of the Hong Kong Unde rwriters) shall be entitled to terminate
their obligations under the H ong 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 Monday, June 15, 2026).
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Liuliumei Co., Ltd.
溜溜 梅 股 份 有 限 公 司
(A joint stock company incorporated in the Peopl e’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the
Global Offering
: 11,464,100 H Shares
Number of Hong Kong Offer Shares : 1,146,500 H Shares
Number of International Offer Shares : 10,317,600 H Shares
Offer Price : HK$43.58 per H Share plus brokerage of
1.0%, SFC transaction levy of
0.0027%, Stock Exchange trading fee of
0.00565% and AFRC transaction levy
of 0.00015%
Nominal value : RMB1.00 per H Share
Stock Code : 6658
Joint Sponsors, Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and
Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
⳪暲@:9)
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LIULIUMEI CO., LTD./ 溜溜梅股份有限公司
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalise d terms used in this announcement shall have the
same meanings as those defined in the prospectus dated June 5, 2026 (the “ Prospectus ”)
issued by Liuliumei Co., Ltd. ( 溜溜梅股份有限公司)( t h e“ Company ”).
Warning: In view of high concentratio n of shareholding in a small number of
Shareholders, Shareholders and prospect ive investors should be aware that the price of
the H Shares could move substantially even with a small number of the H Shares traded
and should exercise extreme caution when dealing in the H Shares.
SUMMARY
Company information
Stock code 6658
Stock short name LIULIUMEI
Dealings commencement date June 15, 2026*
* see note at the end of the announcement
Price Information
Offer Price HK$43.58
Offer Shares and Share Capital
Number of Offer Shares 11,464,100
Final Number of Offer Shares in Hong Kong Public Offering 1,146,500
Final Number of Offer Shares in International Offering 10,317,600
Number of issued Shares upon Listing 78,811,208
Over-allocation
No. of Offer Shares over-allocated 0
Note: There has been no over-allocation of Offer Shares in the International Placing. Therefore, the
Over-allotment Option will not be exercised.
Proceeds
Gross proceeds Note HK$499.6 million
Less: Estimated listing expenses payable based on the Offer Price HK$59.5 million
Net proceeds HK$440.1 million
Note: Gross proceeds refer 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.
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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 180,507
No. of successful applications 11,465
Subscription level 6,586.73 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong
Kong Public Offering
1,146,500
Final no. of Offer Shares under the Hong Kong Public
Offering
1,146,500
% of Offer Shares under the Hong Kong Public
Offering to the Global Offering
10%
Note: For details of the final allocation of H Shares t o the Hong Kong Public Offering, investors can
refer to www.eipo.com.hk/eIPOAllotment to p erform a search by identification number or
www.eipo.com.hk/eIPOAllotmen t for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 64
Subscription level 2.64 times
No. of Offer Shares initially available under the
International Offering
10,317,600
Final no. of Offer Shares under the International
Offering
10,317,600
% of Offer Shares under the International Offering to
the Global Offering
90%
The Directors confirm that, to the best of thei r knowledge, information and belief, save for
(a) a waiver under Rule 10.04 of the Listing Rules and a consent under paragraph 1C(2) of
Appendix F1 to the Listing Rules (the “ Placing Guidelines ”) granted by the Stock
Exchange to permit H Shares in the Inter national Offering to be placed to Fanchang
Revitalization , a close associate of Huaan Fund and Xingnong Fund (collectively, the
“Existing Shareholders ”), as a Cornerstone Investor; and (b) a consent under paragraph
1C(1) of the Placing Guidelines and Chapter 4 .15 of the Guide for New Listing Applicants
to permit the Company to allocate certain Off er Shares in the Inter national Offering to
connected clients, (i) none of the Offer Shares subscribed by the placees and the public have
been financed directly or indi rectly by the Company, any of the Directors, chief executive of
the Company, Controlling Sharehol ders, substantial Shareholders , existing Shareholders of
the Company or any of its subsidiaries or thei r respective close asso ciates; and (ii) none of
the placees and the public who have purchased th e Offer Shares are accustomed to taking
instructions from the Company, any of the Dir ectors, chief executive of the Company,
Controlling Shareholders, su bstantial Shareholders, exis ting Shareholders of the Company
or any of its subsidiaries or their respective clo se associates in relation to the acquisition,
disposal, voting or other disposition of the H Shares registered in his/her/its name or
otherwise held by him/her/it.
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The placees in the International O ffering include the following:
Cornerstone Investors
Investor
No. of Offer
Shares allocated
Approximate %
of the Offer
Shares
Approximate %
of total issued
share capital
after the Global
Offering
Existing
Shareholders or
their close
associates Note 2
Fanchang Revitalization Note 1 1,610,000 14.04% 2.04% Yes Note 2
Top New 1,777,100 15.50% 2.26% No
Total 3,387,100 29.55% 4.30%
Notes:
1. The Offer Shares subscribed for by Fanchang Revit alization as a Cornerston e Investor are subject to
lock-up restrictions as indicated below. For det ails, please refer to the section headed “Lock-up
Undertakings — Cornerstone Investors” in this announcement.
2. As disclosed in the section headed “Waivers from Strict Compliance with the Listing Rules” in the
Prospectus, solely for the purpose of the Global Of fering, Fanchang Revitalization is considered to be
a close associate of the Existing Shareholders (i.e., Wuhu Huaan Zhanxin Equity Investment Fund
Partnership (Limited Partnership)* (
蕪湖華安戰新股權投資基金合夥企業（有限合夥） (“Huaan
Fund ”) and Wuhu Fanchang District Xingnong Industrial Investment Fund Co., Ltd.* ( 蕪湖市繁昌區
興農產業投資基金有限公司)( “ Xingnong Fund ”)), which in aggregate hold less than 5% voting rights
of the Company. For details of the prior waiver under Rule 10.04 of the Listing Rules and consent
under paragraph 1C(2) of the Placing Guidelines in relation to subscription of H Shares by a close
associate of an existing Shareholder as a Cornerstone Investor, please refer to the section headed
“Others/Additional Information — Allocation of Offer Shares to a close associate of Existing
Shareholders as a cornerstone investor” in this announcement.
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Allottees with Consents Obtained
Investor
No. of Offer
Shares allocated
%o ft h eO f f e r
Shares
%o ft o t a l
issued share
capital after the
Global Offering 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 t o allocations to connected clients Note 1
CSI Capital Management
Limited (“ CSICM ”)
520,000 4.54% 0.66% Connected
client as a
placee
CITIC Securities Asset
Management Company
Limited (“ CITICS AM ”)
20,000 0.17% 0.03% Connected
client as a
placee
Note:
1. 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
sections headed “Others/Additional Information — Placing to connected clie nts with a consent under
paragraph 1C(1) of the Placing Guidelines” in this announcement.
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name Note 1
Number and
description of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
%o ft o t a l
issued H Shares
after the Global
Offering subject
to lock-up
undertakings
Note 2
%o f
shareholding in
the Company
subject to
lock-up
undertakings
Last day
subject to the
lock-up
undertakings
Note 3
Mr. Yang 59,108,359
HS h a r e s
75.00% 75.00% June 14, 2027
Ms. Li 59,108,359
HS h a r e s
75.00% 75.00% June 14, 2027
Jurun Investment 24,600,000
HS h a r e s
31.21% 31.21% June 14, 2027
Kaixuan Star 3,600,000
HS h a r e s
4.57% 4.57% June 14, 2027
Kailai Star 2,400,000
HS h a r e s
3.05% 3.05% June 14, 2027
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Name Note 1
Number and
description of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
%o ft o t a l
issued H Shares
after the Global
Offering subject
to lock-up
undertakings
Note 2
%o f
shareholding in
the Company
subject to
lock-up
undertakings
Last day
subject to the
lock-up
undertakings
Note 3
Notes:
1. For illustrative purposes only, th is subsection lists only those membe rs of the Controlling Shareholders
who hold Shares directly in the Company. Pursuant to Rule 10.07 of the Listing Rules, each
Controlling Shareholder (namely, Mr. Yang, Ms. Li , Jurun Investment, Kaixuan Star, Kailai Star and
Liuliu Star) has undertaken to the Stock Exchange and the Company that, except pursuant to the
Global Offering, it/he/she will not, and shall procure that the relevant registered holder(s) will not,
without the prior written consent of the Stock E xchange or unless otherwise permitted under the
Listing Rules, at any time in the period commencin g on the date by reference to which disclosure of
its/his shareholding is made in the Prospectus and ending on the date which is six months from the
Listing Date (the “ First Six Month Period ”), either directly or indirect ly, dispose of, nor enter into
any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in
respect of, any of the securities of the Company in respect of which it/he is shown by the Prospectus
to be the beneficial owner; or, during the period of six months immediately following the expiry of
such six-month period(the “ Second Six Month Period ”), directly or indirectly dispose of, nor enter
into any agreement to dispose of or otherwise create any options, rights, interests or encumbrances in
respect of, any such securities if, immediately following such disposal or upon the exercise or
enforcement of any such options, rights, intere sts or encumbrances, it/he would cease to be a
Controlling Shareholder of the Company (or would t ogether with other Controlling Shareholders cease
to be Controlling Shareholders of the Company). For further details, please refer to the section
headed “Underwriting — Lock Up Arrangement — Undertakings to the Stock Exchange pursuant to
the Listing Rules — (B) Undertakings by Each of Ou r Controlling Shareholders” in the Prospectus.
2. Upon completion of the Global Offering, 67,347, 108 Unlisted Shares are converted into H Shares on a
one-for-one basis.
3. The expiry day of the lock-up period shown in the table above is pursuant to the PRC Company Law.
In accordance with the relevant Listing Rule, the r equired lock-up for First Six Month Period ends on
December 14, 2026 and the Second Six Month Period ends on June 14, 2027.
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Cornerstone Investors
Name
Number and
description of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
% of total Offer
Shares after the
Global Offering
subject to
lock-up
undertakings
%o f
shareholding in
the Company
subject to
lock-up
undertakings
Last day
subject to the
lock-up
undertakings
Note 1
Fanchang Revitalization 1,610,000
HS h a r e s
14.04% 2.04% March 14, 2027
Top New 1,777,100
HS h a r e s
15.50% 2.26% March 14, 2027
Note:
1. In accordance with the relevant cornerstone inves tment agreements, the required lock-up periods will
end on March 14, 2027. The Cornerstone Investors will cease to be prohibited from disposing of or
transferring the H Shares subscribed for pursuant t o the relevant cornerstone investment agreements
after the indicated date.
Pre-IPO Investors
Name
Number and
description of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
%o ft o t a l
issued H Shares
after the Global
Offering subject
to lock-up
undertakings
Note 1
%o f
shareholding in
the Company
subject to
lock-up
undertakings
Last day
subject to the
lock-up
undertakings
Note 2
Shenzhen Junrong 3,715,170 H
Shares
4.71% 4.71% June 14, 2027
Nuoxiang Dongchen 1,361,977 H
Shares
1.73% 1.73% June 14, 2027
Huaan Fund 1,210,646 H
Shares
1.54% 1.54% June 14, 2027
Xingnong Fund 1,059,315 H
Shares
1.34% 1.34% June 14, 2027
Nuoxiang Jinhong 891,641 H
Shares
1.13% 1.13% June 14, 2027
Notes:
1. Upon completion of the Global Offering, 67,347, 108 Unlisted Shares are converted into H Shares on a
one-for-one basis.
2. The expiry day of the lock-up period shown in the table above is pursuant to the PRC Company Law.
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PLACEE CONCENTRATION ANALYSIS
Placees *
Number of
HS h a r e s
allotted
Allotment as
%o ft h e
International
Offering
Allotment as
%o ft o t a l
Offer Shares
Number of
HS h a r e s
held upon
Listing
%o ft o t a l
issued share
capital upon
Listing
Top 1 1,777,100 17.22% 15.50% 1,777,100 2.25%
Top 5 5,495,700 53.27% 47.94% 7,765,661 9.85%
Top 10 7,284,200 70.60% 63.54% 9,554,161 12.12%
Top 25 9,421,100 91.31% 82.18% 11,691,061 14.83%
Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders *
Number of
HS h a r e s
allotted
Allotment as
%o ft h e
International
Offering
Allotment as
%o ft o t a l
Offer Shares
Number of
HS h a r e s
held upon
Listing
%o ft o t a l
issued share
capital upon
Listing
Top 1 — — — 59,108,359 75.00%
Top 5 3,387,100 32.83% 29.55% 69,842,567 88.62%
Top 10 6,015,700 58.31% 52.47% 73,362,808 93.09%
Top 25 9,146,100 88.65% 79.78% 76,493,208 97.06%
Note:
* Ranking of H Shareholders is based on the number of H Shares held by the Shareholders upon Listing.
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders *
Number of
HS h a r e s
allotted
Allotment as
%o ft h e
International
Offering
Allotment as
% of total
Offer Shares
Number of
H Shares
held upon
Listing
Number of
Shares held
upon Listing
%o ft o t a l
issued share
capital upon
Listing
Top 1 — — — 59,108,359 59,108,359 75.00%
Top 5 3,387,100 32.83% 29.55% 69,842,567 69,842,567 88.62%
Top 10 6,015,700 58.31% 52.47% 73,362,808 73,362,808 93.09%
Top 25 9,146,100 88.65% 79.78% 76,493,208 76,493,208 97.06%
Notes:
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.
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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of t he conditions set out in the Prospectus, valid applications
made by the public will be conditionally allocated on the basis set out below:
NO. OF H
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS O F ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL A
100 32,294 485 out of 32,294 to receive 100 Shares 1.50%
200 29,943 454 out of 29,943 to receive 100 Shares 0.76%
300 5,619 86 out of 5,619 to receive 100 Shares 0.51%
400 5,393 84 out of 5,393 to receive 100 Shares 0.39%
500 4,675 73 out of 4,675 to receive 100 Shares 0.31%
600 2,275 36 out of 2,275 to receive 100 Shares 0.26%
700 2,004 32 out of 2,004 to receive 100 Shares 0.23%
800 1,612 26 out of 1,612 to receive 100 Shares 0.20%
900 1,655 27 out of 1,655 to receive 100 Shares 0.18%
1,000 11,045 182 out of 11,045 to receive 100 Shares 0.16%
1,500 3,375 58 out of 3,375 to receive 100 Shares 0.11%
2,000 6,216 113 out of 6,216 to receive 100 Shares 0.09%
2,500 2,711 51 out of 2,711 to receive 100 Shares 0.08%
3,000 2,091 41 out of 2,091 to receive 100 Shares 0.07%
3,500 1,575 32 out of 1,575 to receive 100 Shares 0.06%
4,000 1,582 34 out of 1,582 to receive 100 Shares 0.05%
4,500 1,977 44 out of 1,977 to receive 100 Shares 0.05%
5,000 2,397 55 out of 2,397 to receive 100 Shares 0.05%
6,000 1,896 47 out of 1,896 to receive 100 Shares 0.04%
7,000 1,654 43 out of 1,654 to receive 100 Shares 0.04%
8,000 1,475 41 out of 1,475 to receive 100 Shares 0.03%
9,000 1,517 45 out of 1,517 to receive 100 Shares 0.03%
10,000 7,970 248 out of 7,970 to receive 100 Shares 0.03%
20,000 5,494 261 out of 5,494 to receive 100 Shares 0.02%
30,000 3,206 205 out of 3,206 to receive 100 Shares 0.02%
40,000 2,498 200 out of 2,498 to receive 100 Shares 0.02%
50,000 2,560 247 out of 2,560 to receive 100 Shares 0.02%
60,000 1,750 197 out of 1,750 to receive 100 Shares 0.02%
70,000 1,877 242 out of 1,877 to receive 100 Shares 0.02%
80,000 1,481 215 out of 1,481 to receive 100 Shares 0.02%
90,000 1,296 210 out of 1,296 to receive 100 Shares 0.02%
100,000 9,089 1,619 out of 9,089 to receive 100 Shares 0.02%
Total 162,202 Total number of Pool A successful applicants: 5,733
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NO. OF H
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS O F ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL B
150,000 6,257 1,388 out of 6,257 to receive 100 Shares 0.01%
200,000 2,683 676 out of 2,683 to receive 100 Shares 0.01%
250,000 1,665 470 out of 1,665 to receive 100 Shares 0.01%
300,000 1,136 355 out of 1,136 to receive 100 Shares 0.01%
350,000 885 303 out of 885 to receive 100 Shares 0.01%
400,000 697 260 out of 697 to receive 100 Shares 0.01%
450,000 1,319 532 out of 1,319 to receive 100 Shares 0.01%
573,200 3,663 1,748 out of 3,663 to receive 100 Shares 0.01%
Total 18,305 Total number of Pool B successful applicants: 5,732
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules in respect of which waiver and
consent has been obtained, the Company ha s complied with the Listing Rules and
guidance materials in relation to the placing, allotment and listing of the H Shares.
The Directors confirm that, to the best of the ir knowledge, the consideration paid by the
placees or the public (as the case may be) di rectly or indirectly for each Offer Share
subscribed for or purchased by them is the sam e as the final Offer Price in addition to any
brokerage, AFRC transaction levy, SFC trans action levy and Stock Exchange trading fee
payable.
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OTHERS/ADDITIONAL INFORMATION
Allocation of Offer Shares to a close associat e of Existing Shareholders as a cornerstone
investor
The Company has applied to the Stock Exchange for, and the Stock Exchange has
granted to the Company, a cons ent under paragraph 1C(2) of Appendix F1 to the Listing
Rules to allow Fanchang Revitalization, being a close associate of the Existing
Shareholders, to participate in the Global Offering as a cornerstone investor. Please
r e f e rt ot h es e c t i o nh e a d e d“ W a i v e r sF r o mStrict Compliance with the Listing Rules —
Consent under paragraph 1C(2) of Appendi x F1 to the Listing Rules in respect of
subscription of Offer Shares by a close as sociate of an existing shareholder as a
cornerstone investor” in the Prospectus for details.
Such allocations of Offer Shares are in co mpliance with all the conditions under the
consent granted by the Stock Exchange.
For details of the allocations of Offer Shares t o Fanchang Revitalization, please refer to
the section headed “Allotment Results Det ails — International Offering — Cornerstone
Investors” in this announcement.
Placing to connected clients with a consent und er paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain O ffer Shares were placed to connected clients
of their connected distributors pursuant to th e Placing Guidelines as placees. Please refer
to the section headed “Allotment Results De tails — International Offering — Allottees
with Consents Obtained” in this announcemen t for details. The Company has applied to
the Stock Exchange for, and the Stock Exch ange 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 cl ients as placees. The allocations of Offer
Shares to such connected clients are in compliance with all the conditions under the
consent granted by the Stock Exchange. Deta ils of the placement to connected clients as
placees are set out below:
No.
Connected
Distributor Connected Client Relationship
Whether the
connected client is a
collective investment
scheme which is not
authorized by the
SFC or is expected
to hold the Offer
Shares on behalf of
such scheme
Whether the
Connected Client 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
a l l o c a t e dt ot h e
Connected Client
Approximate
percentage of total
number of Offer
Shares under the
Global Offering
Approximate
percentage of total
issued share capital
immediately
following
completion of the
Global Offering
1. CLSA Limited
(CLSA)
CSI Capital Management
Limited (“ CSICM ”)
(Note 1)
CSI Capital is a member of
the same group of
companies as CLSA
Limited
N N 520,000 4.54% 0.66%
2. CLSA Limited
(CLSA)
CITIC Securities Asset
Management Company
Limited ( CITICS AM )
(Note 2)
CITICS AM is a member
of the same group of
companies as CLSA
Limited
Y Y 20,000 0.17% 0.03%
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Notes:
1. CSICM and CITIC Securities Company Limited will enter into a series of cross border OTC swap
transactions (the “ OTC Swaps ”) with the investment managers, who act for and on behalf of certain
ultimate clients (collectively, the “ CSICM Ultimate Clients ”), pursuant to which CSICM will hold the
O f f e rS h a r e st ob es u b s c r i b e df o ra n do nb e h a l fof the investment managers on a nondiscretionary
basis to hedge the OTC Swaps while the economic risk s and returns of the underlying Offer Shares are
passed to the CSICM Ultimate Clients, subject to c ustomary fees and commissions. CSICM will not
take part in any economic returns or bear any econ omic losses in relation t o the Offer Shares. The
OTC Swaps will be fully funded by the CSICM Ultima te Clients. Each of the investment managers
and their ultimate beneficial owner is independent from each of the Company, its subsidiaries and
substantial shareholders. The CSICM Ultimate C lients for purpose of this placee subscription
include: 睿元進取一號私募證券投資基金 (“Ruiyuan Fund ”) and 睿景金瑞6號私募證券投資基金,
(“Ruijing Fund ”), which are managed by Shenzhen Qianh ai Ruijing Kaiyuan Capital Management
Co., Ltd. ( 深圳前海睿景開元基金管理有限公司)( “ Shenzhen Qianhai ”). No ultimate beneficial owner
holds 30% or more interest in Ruiyuan Fund. Th e ultimate beneficial owner holds 30% or more
interest in Ruijing Fund is Liao Chang ( 廖暢). Cai Zhiguo ( 蔡志國) and Zhang Lili ( 張麗麗)e a c h
holds 30% or more interest in Shenzhen Qianhai.
2. CITICS AM is a member of the same group of companies as CLSA. CITICS AM will hold the Offer
Shares in its capacity as the discretionary fund manager managing the funds on behalf of their
investors (the “ CITICS AM Ultimate Clients ”), each of which is, to the best knowledge of CITICS
AM, (i) an independent third party of the Company, its subsidiaries, its substantial shareholders,
CITICS AM, CLSA and the companies which are members of the same group of companies as CLSA;
and (ii) a collective investment scheme which is not authorized by the SFC. No ultimate beneficial
owner holds 30% or more interest in the funds.
The details of the CITICS AM Ultimate Clients are as follow.
No. Fund Name
Fund
Manager
UBO of
Fund Manager
Limited Partner/
Shareholding
holding 30% or
more in the
CITICS AM
Ultimate Clients
1. CITIC SECURITIES COMPANY
LIMITED-XINHANG ZHIYUAN
NO.1 ( 中信證券信航致遠1號集合資產
管理計劃)
CITICS AM CITIC Securities
Company Limited
N/A
2. CITIC SECURITIES COMPANY
LIMITED-XINHANG ZHIYUAN
NO.3 ( 中信證券信航致遠3號集合資產
管理計劃)
CITICS AM CITIC Securities
Company Limited
N/A
To the best of knowledge of CITICS AM and a fter making all reasonable enquiries,
CITICS AM Ultimate Client, together with eac h of their ultimate beneficial owners, is an
independent third party of the Company, its s ubsidiaries, its substantial shareholders,
CITICS AM, CLSA and the companies which are members of the same group of CLSA.
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DISCLAIMERS
Hong Kong Exchanges and Clearing Li mited, 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 o r distribution, direct ly or indirectly, in
or into the United States (including its terr itories and possessions, any state of the United
States and the District of Columbia or any oth er jurisdiction where such distribution is
prohibited by laws). This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for secu rities in the United States or in any other
jurisdictions. The securities mentioned her ein have not been, and will not be, registered
under the United States Securities Act o f 1933 as amended from time to time (the “ U.S.
Securities Act ”) or securities law of any state or oth er jurisdiction of the United States.
The securities may not be offered, sold, pledge d or otherwise transferred within the United
States except pursuant to an exemption from t he registration requirements of the U.S.
Securities Act and in compliance with any appl icable state securities laws. The Offer
Shares are being offered and sold solely outsi de 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 subscrib e for securities. This announcement is not a
prospectus. Potential investors should r ead the Prospectus dat ed June 5, 2026 issued by
Liuliumei Co., Ltd. (
溜溜梅股份有限公司) for detailed information about the Global
Offering described below before deciding whether or not to invest in the Offer Shares
thereby being offered.
* Potential investors of the Offer Shares should note that the Joint Sponsors and the
Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters)
shall be entitled to terminate their oblig ations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in
the section headed “Underwriting — Und erwriting 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 June 15, 2026).
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PUBLIC FLOAT AND FREE FLOAT
Out of the 67,347,108 H Shares to be converted from Domestic Shares and listed on the
Stock Exchange following the Global Offe ring: (i) 8,238,749 H Shares, representing
approximately 10.45% of the total issued sh are capital of our Com pany immediately
after the Global Offering, which will be held by Shenzhen Junrong, Nuoxiang Dongchen,
Nuoxiang Jinhong, Huaan Fund and Xingn ong Fund, will be counted towards the public
float; and (ii) 59,108,359 H Shares, repres enting approximately 75.00% of the total
issued share capital of our Company immediat ely after the Global Offering, which will be
held by Mr. Yang, Ms. Li, Jurun Investment, Kaixuan Star and Kailai Star, who/which
are core connected persons of our Company, w ill not be counted towards the public float.
Based on the Offer Price of HK$43.58 per Off er Share, immediately following the
conversion of the Domestic Shares into H Sha res and completion of the Global Offering,
the expected market capitalization of th eHS h a r e sa tt h et i m eo fL i s t i n gw i l lb e
approximately HK$3.44 billion. To th e best knowledge of our Directors, upon
completion of the Global Offering and Con version of the Domestic Shares into H
Shares, 19,702,849 H Shares held or control led by our Shareholders who are not our core
connected persons, representing 25.0001% of the total issued H Shares, will be counted
towards the public float which is higher th an 25%, the minimum prescribed percentage of
H Shares required to be held in public hands under Rule 19A.13A(1) of the Listing Rules
applicable to the Company. Therefore, the Company will be able to meet the public float
requirement under Rule 19A.13A of the Listing Rules at the time of the Listing.
FREE FLOAT
Based on the Offer Price of HK$43.58 per Offe r Share, it is expected that 8,077,000 H
Shares will not be subject to any disposal re strictions (whether under contract, the
Listing Rules, applicable laws or otherwise ), representing approximately 10.25% of our
total issued share capital upon Listing and a market capitalization of approximately
HK$352.0 million. Therefore, our Company will be able to satisfy the free float
requirement under Rule 19A.13C(1)(a) of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become val id evidence of title at 8 : 00 a.m. on Monday,
June 15, 2026 (Hong Kong time), provided that the Global Offering has become
unconditional and the right of termination des cribed in the section headed “Underwriting
— Underwriting Arrangements and Expen ses — 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 alloc ation details prior to the receipt of H Share
certificates or prior to the H Share certific ates becoming valid evidence of title do so
entirely at their own risk.
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--- page 16 ---
Assuming that the Global Offering become s unconditional at or before 8 : 00 a.m. on
Monday, June 15, 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 Monday, June 15, 2026 (Hong Kong
time). The H Shares will be traded in board lots of 100 H Shares each, and the stock code
of the H Shares will be 6658.
By order of the Board
Liuliumei Co., Ltd.
溜溜梅股份有限公司
Mr. Yang Fan
Chairman of the Board and Chief Executive Officer
Hong Kong, June 12, 2026
As at the date of this announcement, the Boar d comprises (i) Mr. Yang Fan, Mr. Ning
Pengfei, Ms. Hu Yan, Mr. Gou Bin and Mr. Mei Huixiang as executive Directors; (ii) Mr.
Xu Lianzheng as non-executive Directors; and (iii) Mr. Liu Feng, Mr. Xiong Hui and Mr.
Lu Jian as independent non-executive Directors.
–1 6–