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hk-ipo/data/extracted_text/06682/allotment_results_summary_2023-09-27_2023092700072.txt
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geometrybase 6d05056609 Backfill structured T1 demand from archived text 
Request:
- Use archivist to close the 137 T1 ipo_demand source-only gaps using extracted PDF text.

Changes:
- Add an incremental T1 demand text backfill script.
- Parse existing allotment-result extracted text into ipo_demand.
- Archive linked Summary PDFs from old HKEX HTML allotment-result pages.
- Correct allotment-result selection to prefer primary result announcements over clarification or supplemental notices.
- Add robust line-aware allotment parsing and document the workflow in archivist and README.
- Record the backfill result in a report.

Execution:
- Selected 137 source-only T1 demand gaps.
- Wrote 137 ipo_demand rows, increasing ipo_demand from 154 to 291 rows.
- Archived 38 new HKEX allotment-result PDFs and extracted their text.
- Confirmed an incremental rerun selects 0 gaps and writes 0 rows.

Verification:
- Ran git diff --cached --check.
- Ran py_compile for archive_hkex_documents.py and backfill_t1_demand_from_text.py.
- Checked SQLite integrity and foreign keys.
- Confirmed DB row counts match CSV snapshots.
- Verified no T1 complete row is missing ipo_demand.
- Verified source_refs paths/files/hashes and PDF extracted-text manifest hashes.

Next useful context:
- T1 demand structure is complete for listed rows; 06106 and 06675 remain pending_not_due.
- T2 grey-market and due price-performance gaps remain separate archivist priorities.
- Analyst output should be regenerated before using the new T1 demand facts for scoring.
2026-06-15 13:59:06 +00:00

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57 KiB
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--- page 1 ---
3
ANNOUNCEMENT OF OFFER PRICE
AND ALLOTMENT RESULT
SUMMARY
Offer Price
• The Offer Price has been determined at HK$55.60 per Offer Share (exclusive of brokerage
of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.00565% and
AFRC transaction levy of 0.00015%).
Net Proceeds from the Global Offering
• Based on the Offer Price of HK$55.60 per Offer Share, the net proceeds from the Global
Offering to be received by the Company, after deduction of the underwriting fees and
commissions and other estimated expenses payable by the Company in connection with the
Global Offering, are estimated to be approximately HK$835.5 million (assuming the Over-
allotment Option is not exercised). The Company intends to use the net proceeds from the
Global Offering in the manner as set out in the paragraph headed “Net Proceeds from the
Global Offering ” in this announcement.
• If the Over-allotment Option is exercised in full, the Company will receive additional
net proceeds of approximately HK$148.3 million for 2,759,400 additional H Shares to be
issued and allotted upon the exercise of the Over-allotment Option.
Applications and Indications of Interest Received in the Hong Kong Public Offering
• The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have
been moderately over-subscribed. A total of 12,653 valid applications have been received
pursuant to the Hong Kong Public Offering through the HK eIPO White Form service
and through the CCASS EIPO service for a total of 20,967,500 Hong Kong Offer Shares,
representing approximately 11.40 times of the total number of 1,839,600 H Shares initially
available for subscription under the Hong Kong Public Offering.
• As the over-subscription in the Hong Kong Public Offering represents less than 15 times of
the total number of Offer Shares initially available under the Hong Kong Public Offering,
no reallocation procedure as disclosed in the section headed “Structure of the Global
Offering – The Hong Kong Public Offering – Reallocation ” in the Prospectus has been
applied and no H Shares have been reallocated from the International Offering to the Hong
Kong Public Offering. The final number of H Shares under the Hong Kong Public Offering
is 1,839,600 H Shares, representing 10% of the total number of Offer Shares initially
available under the Global Offering (before any exercise of the Over-allotment Option).
The total number of successful applicants under the Hong Kong Public Offering is 7,348,
among which 6,616 Shareholders were allocated with one board lot of the H Shares.
--- page 2 ---
4
International Offering
• The H Shares initially offered under the International Offering have been over-subscribed,
representing approximately 1.57 times of the total number of H Shares initially available
under the International Offering. The final number of H Shares under the International
Offering is 16,556,400 H Shares, representing 90% of the total number of H Shares initially
available under the Global Offering (before any exercise of the Over-allotment Option).
There has been an over-allocation of 2,759,400 H Shares.
• A total of 154 placees have been allotted five board lots of H Shares or less, representing
approximately 85.56% of the 180 placees under the International Offering. These placees
have been allotted 30,500 H Shares in total, representing approximately 0.18% of the Offer
Shares available under the International Offering and 0.17% of the Offer Shares available
under the Global Offering (both assuming the Over-allotment Option is not exercised).
• A total of 99 placees have been allotted one board lot of H Shares or less, representing
approximately 55.00% of the 180 placees under the International Offering. These placees
have been allotted 9,900 H Shares in total, representing approximately 0.06% of the Offer
Shares available under the International Offering and 0.05% of the Offer Shares available
under the Global Offering (both assuming the Over-allotment Option is not exercised).
Cornerstone Investors
• Based on the Offer Price of HK$55.60 per Offer Share (exclusive of brokerage of 1%,
SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.00565% and AFRC
transaction levy of 0.00015%), pursuant to the Cornerstone Investment Agreements, the
Cornerstone Investors have subscribed for a total of 13,566,300 H Shares, representing in
aggregate (a) approximately 2.92% of the issued share capital of the Company immediately
upon completion of the Global Offering and (b) approximately 73.75% of the number
of Offer Shares under the Global Offering, in each case assuming the Over-allotment
Option is not exercised. Please refer to the section headed “Cornerstone Investors ” in the
Prospectus for further details of the Cornerstone Investors.
Placing of Offer Shares with Consent under the Placing Guidelines
• Under the International Offering, 920,100 H Shares, representing approximately 5.00% of
the H Shares initially available under the Global Offering (assuming the Over-allotment
Option is not exercised), were placed to CICC Financial Trading Limited as connected
client within the meaning of the Placing Guidelines. An application has been made to the
Stock Exchange for, and the Stock Exchange has granted a consent under paragraph 5(1)
of the Placing Guidelines to permit the Company to allocate H Shares in the International
Offering to the above connected client. The H Shares placed to the above connected client
are held on behalf of independent third parties on a non-discretionary basis and are in
compliance with all the conditions under the consent granted by the Stock Exchange.
--- page 3 ---
5
• The International Offering is in compliance with the Placing Guidelines for Equity
Securities in Appendix 6 to the Listing Rules (the “Placing Guidelines ”). Save as disclosed
in the section headed “International Offering { Placees with the Consent under Paragraph
5(1) of Placing Guidelines ”, none of the Sole Sponsor, the Overall Coordinators, the Joint
Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Underwriters,
the Capital Market Intermediaries and their respective affiliated companies and connected
clients of the lead broker or of any distributors (as defined in the Placing Guidelines) has
taken up any Offer Shares for its own benefit under the Global Offering.
• The Directors confirm that, to the best of their knowledge and information, save as
disclosed in the section headed “International Offering { Placees with the Consent
under Paragraph 5(1) of Placing Guidelines ”, no Offer Shares under the International
Offering placed by or through the Overall Coordinators, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers, the Underwriters or the Capital Market
Intermediaries under the Global Offering have been placed with any core connected person
(as defined in the Listing Rules) of the Company, or to any connected clients (as set out
in paragraph 5(1) of the Placing Guidelines), or persons set out in paragraph 5(2) of the
Placing Guidelines, whether in their own names or through nominees.
Confirmations of Cornerstone Investors, public Shareholders in the Hong Kong Public
Offering and placees in the International Offering
• To the best knowledge of the Company, (i) none of the Offer Shares subscribed by
public Shareholders in the Hong Kong Public Offering and placees in the International
Offering has been directly or indirectly financed by the Company, the Directors, chief
executive, Supervisors, the Controlling Shareholders, Substantial Shareholders, existing
Shareholders or any of their subsidiaries or their respective close associates; and (ii)
none of the public Shareholders in the Hong Kong Public Offering and placees in the
International Offering who has subscribed for the Offer Shares is accustomed to taking
instructions from the Company, the Directors, chief executive, Supervisors, the Controlling
Shareholders, Substantial Shareholders, existing Shareholders or any of their subsidiaries
or their respective close associates in relation to the acquisition, disposal, voting or other
disposition of the H Shares registered in their name or otherwise held by them; (iii) there
is no side agreement or arrangement between the Company, any of the Directors, chief
executive, the Controlling Shareholders, substantial Shareholders, existing Shareholders
of the Company or any of its subsidiaries or their respective close associates, on one
hand, and the public subscribers or the placee who has subscribed for the Offer Shares, on
the other hand; (iv) no rebate has been, directly or indirectly, provided by the Company,
the Directors, chief executive of the Company, the Controlling Shareholders, substantial
Shareholders of the Company, existing Shareholders of the Company or any of their
subsidiaries or their respective close associates or syndicate members or any other brokers
or underwriters to any public Shareholders in the Hong Kong Public Offering or placees
in the International Offering; and (v) the consideration payable by the public Shareholders
in the Hong Kong Public Offering and placees in the International Offering for each Share
subscribed for or purchased by them is the same as the final Offer Price as determined by
the Company, in additional to brokerage of 1.0%, SFC transaction levy of 0.0027%, AFRC
transaction levy of 0.00015% and Stock Exchange trading fee of 0.00565%.
--- page 4 ---
6
Over-allotment Option
• In connection with the Global Offering, we have granted the Over-allotment Option to the
International Underwriters, exercisable by the Overall Coordinators (for themselves and on
behalf of the International Underwriters), at any time from the Listing Date until 30 days
after the last day for lodging applications under the Hong Kong Public Offering, to require
us to allot and issue up to an aggregate of 2,759,400 additional H Shares, representing not
more than 15% of the total number of Offer Shares initially available under the Global
Offering, at the Offer Price to cover the over-allocations in the International Offering.
• There has been an over-allocation of 2,759,400 H Shares in the International Offering and
such over-allocation will be settled by H Shares purchased by the Stabilizing Manager (or
through its affiliates or any person acting for it) in the secondary market at prices that do
not exceed the Offer Price, the exercise of the Over-allotment Option or a combination of
both. In the event the Over-allotment Option is exercised, an announcement will be made
on the Company ’s website and the website of the Stock Exchange at www.4paradigm.com
and www.hkexnews.hk , respectively. As at the date of this announcement, the Over-
allotment Option has not been exercised.
Public Float
• Immediately following the completion of the Global Offering, assuming the Over-
Allotment Option is not exercised, the number of H Shares in the public hands represents
no less than 25% of the total issued share capital of the Company.
• The Directors confirm that there will be at least 300 Shareholders at the time of the Listing
in compliance with Rule 8.08(2) of the Listing Rules, and that the three largest public
Shareholders do not hold more than 50% of the shares held in public hands at the time of
the Listing in compliance with Rule 8.08(3) of the Listing Rules.
Results of Allocation
Results of applications in the Hong Kong Public Offering, the level of indications of interests in
the International Offering, the level of applications in the Hong Kong Public Offering and the
basis of allocation of the Hong Kong Offer Shares will be published on Wednesday, September
27, 2023, on the websites of the Company at www.4paradigm.com and the Stock Exchange at
www.hkexnews.hk .
• The results of allocations of the Hong Kong Offer Shares under the Hong Kong Public
Offering successfully applied for through the HK eIPO White Form service or through
the CCASS EIPO service, including the Hong Kong identity card numbers, passport
numbers or Hong Kong business registration numbers, certificate of incorporation numbers
of successful applicants (where applicable) and the number of Hong Kong Offer Shares
successfully applied for, will be made available at the times and dates and in the manner
specified below:
• in the announcement to be posted on the Company ’s website and the website at
www.4paradigm.com and the Stock Exchange ’s website at www.hkexnews.hk by no later
than 8:00 a.m. on Wednesday, September 27, 2023;
--- page 5 ---
7
• from the “IPO Results ” function in the IPO App and the designated results of allocations
website at www.tricor.com.hk/ipo/result or www.hkeipo.hk/IPOResult with a “search
by ID ” function on a 24-hour basis from 8:00 a.m. on Wednesday, September 27, 2023 to
12:00 midnight, on Tuesday, October 3, 2023; and
• from the allocation results telephone enquiry line by calling +852 3691 8488 between
9:00 a.m. and 6:00 p.m. on Wednesday, September 27, 2023 to Tuesday, October 3, 2023
(except Saturday, Sunday and public holiday in Hong Kong).
This announcement contains a list of identification document numbers. Identification document
numbers shown in the section headed “Results of Applications Made by HK eIPO White
Form ” in this announcement refer to Hong Kong identity card numbers/passport numbers/
Hong Kong business registration numbers/certificate of incorporation numbers/beneficial owner
identification codes (if such applications are made by nominees as agent for the benefit of
another person) whereas those displayed in the section headed “Results of Applications Made
by Giving Electronic Application Instructions to HKSCC via CCASS ” in this announcement are
provided by CCASS Participants via CCASS. Therefore, the identification document numbers
shown in the two sections are different in nature.
Please note that the list of identification document numbers set out in this announcement
may not be a complete list of successful applicants since only successful applicants whose
identification document numbers are provided to HKSCC by CCASS Participants or via the
HK eIPO White Form service are disclosed. Applicants with beneficial names only but not
identification document numbers are not disclosed due to personal privacy issue as elaborated
below. Applicants who applied for the Hong Kong Offer Shares through their brokers can
consult their brokers to enquire about their application results.
Since applications are subject to personal information collection statements, beneficial owner
identification codes displayed in the sections headed “Results of Applications Made by HK
eIPO White Form ” and “Results of Applications Made by Giving Electronic Application
Instructions to HKSCC via CCASS ” are redacted and not all details of applications are disclosed
in this announcement.
Despatch/Collection of H Share Certificates/e-Auto Refund Payment Instructions/Refund
Checks
• Applicants who applied for 500,000 Hong Kong Offer Shares or more through the HK
eIPO White Form service and who have been successfully or partially successfully
allocated Hong Kong Offer Shares and are eligible to collect H Share certificates in person
may collect H Share certificates from the H Share Registrar, Tricor Investor Services
Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong from 9:00 a.m. to
1:00 p.m. on Wednesday, September 27, 2023, or any other place or date the Company may
notify.
• Applicants being individuals who are eligible for personal collection cannot authorize any
other person to make collection on their behalf. Corporate applicants which are eligible
for personal collection must attend by their authorised representatives bearing letters
of authorisation from their corporations stamped with the corporations ’ chops. Both
individuals and authorised representatives (if applicable) must produce, at the time of
collection, evidence of identity acceptable to Tricor Investor Services Limited.
--- page 6 ---
8
• H Share certificates for Hong Kong Offer Shares allocated to applicants who applied
through the HK eIPO White Form service which are either not available for personal
collection or which are available but are not collected in person by 1:00 p.m. on
Wednesday, September 27, 2023, are expected to be despatched by ordinary post to those
entitled to them at their own risk on or before Wednesday, September 27, 2023.
• Wholly or partially successful applicants who applied by giving electronic application
instructions to HKSCC via CCASS will have their H Share certificates issued in the
name of HKSCC Nominees Limited and deposited into CCASS for credit to their CCASS
Investor Participant stock accounts or the stock accounts of their designated CCASS
Participants who gave electronic application instructions on their behalf on Wednesday,
September 27, 2023.
• Applicants who applied through a designated CCASS Participant (other than a CCASS
Investor Participant) should check the number of Hong Kong Offer Shares allocated to
them with that CCASS Participant.
• Applicants who applied through the HK eIPO White Form service and paid the
application monies from a single bank account will have refund monies (if any) despatched
to their application payment accounts in the form of e-Auto Refund payment instructions
on Wednesday, September 27, 2023. Applicants who applied through the HK eIPO White
Form service and paid the application monies from multiple bank accounts will have
refund monies (if any) despatched to the addresses specified on their HK eIPO White
Form applications in the form of refund check(s) in favour of the applicant (or, in the case
of joint applications, the first-named applicant) by ordinary post at their own risk on or
before Wednesday, September 27, 2023.
• Refund monies for applicants who have applied by giving electronic application
instructions to HKSCC via CCASS are expected to be credited to the relevant applicants ’
designated bank accounts or the designated bank accounts of their brokers or custodians on
Wednesday, September 27, 2023.
• H Share certificates will only become valid certificates of title at 8:00 a.m. on the Listing
Date which is expected to be Thursday, September 28, 2023, provided that the Global
Offering has become unconditional in all respects at or before that time 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.
• The Company will not issue any temporary documents of title in respect of the Offer
Shares and will not issue any receipt for application monies received.
Commencement of Dealings
• Assuming that the Global Offering becomes unconditional in all respects at or before 8:00
a.m. on Thursday, September 28, 2023 (Hong Kong time), dealings in the H Shares on the
Main Board of the Stock Exchange are expected to commence at 9:00 a.m. on Thursday,
September 28, 2023 (Hong Kong time). The H Shares will be traded in board lots of 100 H
Shares each. The stock code of the H Shares is 6682.
In view of the high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares
could move substantially even with a small number of H Shares traded, and should exercise
extreme caution when dealing in H Shares.
--- page 7 ---
9
OFFER PRICE
The Offer Price has been determined at HK$55.60 per H Share (exclusive of brokerage of 1%, SFC
transaction levy of 0.0027%, Stock Exchange trading fee of 0.00565% and AFRC transaction levy
of 0.00015%.
NET PROCEEDS FROM THE GLOBAL OFFERING
Based on the Offer Price of HK$55.60 per H Share, the net proceeds from the Global Offering
to be received by the Company, after deduction of underwriting fees and commissions and other
estimated expenses payable by the Company in connection with the Global Offering, are estimated
to be approximately HK$835.5 million (assuming the Over-allotment Option is not exercised).
The Company intends to apply the net proceeds as follows:
• Approximately 60%, or HK$501.3 million, will be allocated over the next three years to
enhance our fundamental research, technological capabilities and solution development:
o Approximately 25%, or HK$208.9 million, will be used to strengthen our research
and development team over the next three years, including:
(i) approximately 20%, or HK$167.1 million for the research and development
team of our core technologies. Specifically, we intend to allocate:
• approximately 11%, or HK$91.9 million for our AutoML technologies.
Advancements in AutoML will lower the barrier for AI application
development, help us attract more developers, and expand and upgrade our
developer suites, especially the HyperCycle series;
• approximately 3%, or HK$25.1 million for our transfer learning technologies,
which will further enhance the ability of our solutions to be applied across
difference scenarios, thereby reducing the cost of expansion into new use
cases and industry vectors;
• approximately 3%, or HK$25.1 million for our environment learning
technologies, which helps further improve data quality and reduce the cost of
model training;
• approximately 3%, or HK$25.1 million for our AutoRL technologies, which
will further lower the barriers for reinforcement learning by automating the
process.
(ii) approximately 5%, or HK$41.8 million for the research and development
team of new areas which may lead to the next generation of AI technologies.
--- page 8 ---
10
• Approximately 35%, or HK$292.4 million, will be used to strengthen our research and
development capabilities. Specifically:
(i) approximately 4%, or HK$33.4 million for the procurement and installation of
equipment, devices and/or software to support our increasing business needs over
the next three years.
(ii) approximately 7%, or HK$58.5 million for the establishment of our new research
and development centers.
(iii) approximately 20%, or HK$167.1 million for strengthening our relationship with
third-party R&D service providers to further expand our R&D capabilities.
(iv) approximately 4%, or HK$33.4 million for the cultivation of the OpenMLDB
community to enhance the activeness and engagement of all AI developers
partnerships.
• Approximately 20%, or HK$167.1 million, will be allocated to expand our offerings,
build our brand and enter into new industry sectors. We plan to further apportion the
use of proceeds as follows.
o Approximately 12%, or HK$100.3 million, will be used to recruit and retain
talents in various industries to strengthen our sales and marketing team, thereby
leveraging their industry-specific sales experiences to expand our user base and to
increase our customer loyalty, which in turn may increase customers ’ spending on
our platform.
o Approximately 8%, or HK$66.8 million, will be used to promote our solutions and
offerings by engaging in more marketing activities through both offline and online
channels. Specifically:
(i) approximately 6%, or HK$50.1 million will be allocated for organizing and
sponsoring high impact events over the next three years. We intend to host
two large-scale offline conferences annually, one for developers and the
other for users. We also plan to organize one or more industry discussions on
a weekly basis. Furthermore, we will also sponsor other influential industry
conferences to increase our brand exposure.
(ii) approximately 2%, or HK$16.7 million will be allocated for collaborating
with online media partners to promote our brand awareness among users and
potential users.
--- page 9 ---
11
• Approximately 10%, or HK$83.6 million, will be allocated over the next three years to
pursue strategic investment and acquisition opportunities to implement our long-term
growth strategy to develop our solutions and expand and penetrate the industry verticals
we cover.
• Approximately 10%, or HK$83.6 million, will be used for general corporate purposes.
If the Over-allotment Option is exercised in full, the Company will receive additional net proceeds
of approximately HK$148.3 million for 2,759,400 additional H Shares to be issued and allotted
upon the exercise of the Over-allotment Option. For further information, please refer to the section
headed “Future Plans and Use of Proceeds ” in the Prospectus.
APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED IN THE HONG KONG
PUBLIC OFFERING
The Hong Kong Offer Shares initially available under the Hong Kong Public Offering have been
moderately over-subscribed. At the close of the application lists at 12:00 noon on Thursday,
September 21, 2023, a total of 12,653 valid applications have been received pursuant to the Hong
Kong Public Offering through the HK eIPO White Form service and through the CCASS EIPO
service for a total of 20,967,500 Hong Kong Offer Shares, representing approximately 11.40 times
of the total number of 1,839,600 Offer Shares initially available for subscription under the Hong
Kong Public Offering, among which:
• 12,602 valid applications in respect of a total of 13,827,700 Hong Kong Offer Shares were
for the Hong Kong Public Offering with an aggregate subscription amount based on the
maximum Offer Price of HK$61.16 per H Share (excluding brokerage of 1%, SFC transaction
levy of 0.0027%, Stock Exchange trading fee of 0.00565% and AFRC transaction levy of
0.00015%) of HK$5 million or less, representing approximately 15.03 times of the 919,800
Hong Kong Offer Shares initially comprised in Pool A; and
• 51 valid applications in respect of a total of 7,139,800 Hong Kong Offer Shares were for the
Hong Kong Public Offering with an aggregate subscription amount based on the maximum
Offer Price of HK$61.16 per Offer Share (excluding brokerage of 1%, SFC transaction
levy of 0.0027%, Stock Exchange trading fee of 0.00565% and AFRC transaction levy of
0.00015%) of more than HK$5 million, representing approximately 7.76 times of the 919,800
Hong Kong Offer Shares initially comprised in Pool B.
1 application has been rejected due to dishonored payments. No invalid application has been
identified and rejected. 2 multiple applications or suspected multiple applications have been
identified and rejected. No application for more than 919,800 (being 50% of the 1,839,600 Hong
Kong Offer Shares initially available under the Hong Kong Public Offering) has been identified.
--- page 10 ---
12
As the over-subscription in the Hong Kong Public Offering is less than 15 times, no reallocation
procedure as disclosed in the section headed “Structure of the Global Offering – The Hong Kong
Public Offering – Reallocation ” in the Prospectus has been applied and no H Shares have been
reallocated from the International Offering to the Hong Kong Public Offering. The final number of
Offer Shares under the Hong Kong Public Offering is 1,839,600 H Shares, representing 10% of the
total number of Offer Shares initially available under the Global Offering (before any exercise of
the Over-allotment Option). The total number of successful applicants under the Hong Kong Public
Offering is 7,348, among which 6,616 Shareholders were allocated with one board lot of the H
Shares.
The H Shares offered in the Hong Kong Public Offering were conditionally allocated on the basis
set out in the paragraph headed “Basis of Allocation under the Hong Kong Public Offering ” below.
INTERNATIONAL OFFERING
The H Shares initially offered under the International Offering have been over-subscribed,
representing approximately 1.57 times of the total number of H Shares initially available under
the International Offering. The final number of Offer Shares allocated to the placees under the
International Offering is 16,556,400 H Shares, representing 90% of the total number of Offer
Shares initially available under the Global Offering (before any exercise of the Over-allotment
Option).
There has been an over-allocation of 2,759,400 H Shares.
A total of 154 placees have been allotted five board lots of H Shares or less, representing
approximately 85.56% of the 180 placees under the International Offering. These placees have
been allotted 30,500 H Shares in total, representing approximately 0.18% of the Offer Shares
initially available under the International Offering and 0.17% of the Offer Shares available under
the Global Offering (both assuming the Over-allotment Option is not exercised).
A total of 99 placees have been allotted one board lot of H Shares or less, representing
approximately 55.00% of the 180 placees under the International Offering. These placees have been
allotted 9,900 H Shares in total, representing approximately 0.06% of the Offer Shares available
under the International Offering and 0.05% of the Offer Shares available under the Global Offering
(both assuming the Over-allotment Option is not exercised).
Cornerstone Investors
Based on the Offer Price of HK$55.60 per Offer Share (excluding brokerage of 1%, SFC
transaction levy of 0.0027%, Stock Exchange trading fee of 0.00565% and AFRC transaction levy
of 0.00015%) and pursuant to the Cornerstone Investment Agreements as disclosed in the section
headed “Cornerstone Investors ” in the Prospectus, the number of Offer Shares subscribed for by
the Cornerstone Investors is determined as set out below:
Name of Cornerstone Investor
Investment
Amount
(in HK$ million) (1)
Number
of Offer
Shares to
be acquired (2)
Approximate %
of the Offer
Shares (3)
Approximate %
of H Shares
in issue (3)
Approximate %
of the total
Shares
in issue (3)
New China Capital Management 365.00 6,564,700 35.69 4.91 1.41
Beijing Zhongguancun 310.92 5,592,100 30.40 4.18 1.21
Montage Holdings 78.37 1,409,500 7.66 1.05 0.30
Total 754.29 13,566,300 73.75 10.15 2.92
--- page 11 ---
13
Notes:
(1) The investment amount equals the Offer Price multiplied by the number of Offer Shares to be acquired.
(2) The number of Offer Shares to be acquired is rounded down to the nearest whole board lot of 100 H Shares.
(3) Assuming the Over-allotment Option is not exercised.
(4) The percentages are subject to rounding differences, if any.
Please refer to the section headed “Cornerstone Investors ” in the Prospectus for further details
relating to the Cornerstone Investors.
Placing of Offer Shares with Consent under the Placing Guidelines
Certain Offer Shares were placed to the connected client of one of the brokers involved in the
Global Offering (the “Connected Broker ”) within the meaning of the Placing Guidelines, details
of which are set out below:
Connected Broker Placee
Number of
Offer Shares
Placed
Approximate
% of the
Offer Shares
initially
available
under the
Global
Offering (1)
Approximate
% of the
total issued
capital
immediately
following the
completion
of the Global
Offering (1)
Relationship
with the
Connected Broker
China International
Capital Corporation
Hong Kong Securities
Limited ( “CICC”)
CICC Financial
Trading
Limited
( “CICC FT ”)
920,100 5.00 0.20 CICC and CICC FT
are fellow
subsidiaries of
China International
Capital Corporation
Limited
(1) Assuming that the Over-allotment Option is not exercised.
(2) CICC FT and CICC have entered into a series of cross border delta-one OTC swap
transactions (the “OTC Swaps ”) with each other and with the CICC FT Ultimate Client (as
defined below). The Shares placed to CICC FT (the “CICC FT Offer Shares ”) will be held
by CICC FT for the purpose of hedging the economic exposure under the OTC Swaps only,
and CICC FT will pass through the economic exposure of the CICC FT Offer Shares to its
ultimate client (the “CICC FT Ultimate Client ”) on a non-discretionary basis subject to the
terms and conditions of the OTC Swaps documents: (i) during the tenor of the OTC Swaps,
all economic returns of the CICC FT Offer Shares will be passed to the CICC FT Ultimate
Client and all economic loss shall be borne by the CICC FT Ultimate Client through the OTC
Swaps, and CICC FT will not take part in any economic return or bear any economic loss
in relation to the price of the CICC FT Offer Shares; (ii) the OTC Swaps are linked to the
CICC FT Offer Shares and the CICC FT Ultimate Client may request CICC FT to redeem it
at its own discretion, upon which CICC FT shall dispose of the CICC FT Offer Shares and
settle OTC Swaps in cash in accordance with the terms and conditions of the OTC Swap
documents; (iii) despite that CICC FT will hold the title of the CICC FT Offer Shares by
itself, it will not exercise the voting right of the relevant Shares during the terms of the
OTC Swaps as per its internal policy; to the best of CICC FT ’s knowledge, after making all
reasonable inquiries, the CICC FT Ultimate Client and its ultimate beneficial owners are third
parties independent from each of the Company, CICC FT and CICC.
--- page 12 ---
14
An application has been made to the Stock Exchange for, and the Stock Exchange has granted a
consent under paragraph 5(1) of the Placing Guidelines to permit the Company to allocate Offer
Shares in the International Offering to the connected client as set above. The Offer Shares placed
to the above connected client are held on behalf of independent third parties on a non-discretionary
basis (save as otherwise disclosed) and are in compliance with all the conditions under the consent
granted by the Stock Exchange.
CONFIRMATIONS OF CORNERSTONE INVESTORS, PUBLIC SHAREHOLDERS IN
THE HONG KONG PUBLIC OFFERING AND PLACEES IN THE INTERNATIONAL
OFFERING
To the best knowledge of the Company, none of the Cornerstone Investors, public Shareholders in
the Hong Kong Public Offering and placees in the International Offering is an existing Shareholder
or a close associate of existing Shareholders.
Further, to the best knowledge of the Company, (i) each of the Cornerstone Investors is an
Independent Third Party and is not a connected person of the Company (as defined in the Listing
Rules); (ii) none of the Cornerstone Investors or Placees is accustomed to take instructions from
our Company, the Directors, chief executive, Supervisors, Controlling Shareholders, Substantial
Shareholders, existing Shareholders or any of its subsidiaries or their respective close associates;
and (iii) none of the subscription of the relevant Offer Shares by any of the Cornerstone Investors
or Placees is directly or indirectly financed by the Company, the Directors, chief executive,
Supervisors, the Controlling Shareholders, Substantial Shareholders, existing Shareholders or any
of its subsidiaries or their respective close associates (except for, in each case where applicable,
the Participated Existing Shareholders who are close associates of our existing Shareholders and
who make their own investment decisions and finance the same).
Furthermore, to the best knowledge of the Company, (i) none of the Offer Shares subscribed by
public Shareholders in the Hong Kong Public Offering and placees in the International Offering has
been directly or indirectly financed by the Company, the Directors, chief executive, Supervisors,
the Controlling Shareholders, Substantial Shareholders, existing Shareholders or any of their
subsidiaries or their respective close associates; (ii) none of the public Shareholders in the Hong
Kong Public Offering and placees in the International Offering who has subscribed for the Offer
Shares is accustomed to taking instructions from the Company, the Directors, chief executive,
Supervisors, the Controlling Shareholders, Substantial Shareholders, existing Shareholders or any
of their subsidiaries or their respective close associates in relation to the acquisition, disposal,
voting or other disposition of the Shares registered in their name or otherwise held by them;
(iii) there is no side agreement or arrangement between the Company, any of the Directors,
chief executive, the Controlling Shareholders, substantial Shareholders, existing Shareholders
of the Company or any of its subsidiaries or their respective close associates, on one hand, and
the public subscribers or the placee who has subscribed for the Offer Shares, on the other hand;
(iv) no rebate has been, directly or indirectly, provided by the Company, the Directors, chief
executive of the Company, the Controlling Shareholders, substantial Shareholders of the Company,
existing Shareholders of the Company or any of their subsidiaries or their respective close
associates or syndicate members or any other brokers or underwriters to any public Shareholders in
the Hong Kong Public Offering or placees in the International Offering; and (v) the consideration
payable by the public Shareholders in the Hong Kong Public Offering and placees in the
International Offering for each Share subscribed for or purchased by them is the same as the final
Offer Price as determined by the Company, in additional to brokerage of 1.0%, SFC transaction
levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of
0.00565%.
--- page 13 ---
15
No Offer Shares placed by or through the Overall Coordinators, the Joint Global Coordinators, the
Joint Bookrunners, the Joint Lead Managers and the Underwriters under the Global Offering have
been placed with any core connected person (as defined in the Listing Rules) of the Company, or
any connected clients (as set out in paragraph 5(1) of the Placing Guidelines) or persons set out in
paragraph 5(2) of the Placing Guidelines, whether in their own names or through nominees. The
Directors confirm that save as disclosed above, no placees will, individually, be placed more than
10% of the enlarged issued share capital of the Company immediately after the Global Offering.
OVER-ALLOTMENT OPTION
In connection with the Global Offering, the Company has granted the Over-allotment Option to the
International Underwriters, exercisable by the Overall Coordinators (for themselves and on behalf
of the International Underwriters), at any time from the Listing Date to the 30th day after the last
day for lodging applications under the Hong Kong Public Offering, to require the Company to
allot and issue up to an aggregate of 2,759,400 additional H Shares, representing 15% of the total
number of H Shares initially available under the Global Offering, at the Offer Price to cover the
over-allocations in the International Offering. There has been an over-allocation of 2,759,400 H
Shares in the International Offering and such over-allocation will be settled by Shares purchased
by the Stabilizing Manager (or through its affiliates or any person acting for it) in the secondary
market at prices that do not exceed the Offer Price, the exercise of the Over-allotment Option or a
combination of both. In the event the Over-allotment Option is exercised, an announcement will be
made on the Company ’s website at www.4paradigm.com and on the Stock Exchange ’s website at
www.hkexnews.hk , respectively. As at the date of this announcement, the Over-allotment Option
has not been exercised.
LOCK-UP OBLIGATIONS
The Company, all existing Shareholders, and the Cornerstone Investors are subject to lock-up
obligations (the “Lock-up Obligations ”) in respect of the Shares. The major terms of the Lock-up
Obligations are as follows:
Name Class of Shares
Number of Shares
subject to the Lock-up
Obligations after Listing
Percentage of
shareholding in the
Company subject to the
Lock-up Obligations
after Listing (1)
Last day of the
Lock-up Period
The Company (subject to lock-up obligations pursuant to the Listing Rules and the Hong Kong Underwriting Agreement)
N/A N/A N/A March 27, 2024 (2)
Each of the Controlling Shareholders (subject to lock-up obligations pursuant to the Listing Rules, the Hong Kong Underwriting Agreement and PRC Company Law)
Unlisted Shares 180,232,906 38.84% September 27, 2024 (3)
All other existing Shareholders (subject to lock-up obligations pursuant to the PRC Company Law)
HongShan Venture H Shares 32,259,066 6.95% September 27, 2024 (4)
Boyu Jingtai Unlisted Shares 14,126,295 3.04% September 27, 2024 (4)
Guoxin Qidi H Shares 12,117,394 2.61% September 27, 2024 (4)
Xinhe No. 1 Unlisted Shares 12,077,978 2.60% September 27, 2024 (4)
Purui Tianjin H Shares 11,301,027 2.44% September 27, 2024 (4)
YSC Investment I Unlisted Shares 9,858,049 2.12% September 27, 2024 (4)
China-UAE Investment (Cayman) Unlisted Shares 8,475,774 1.83% September 27, 2024 (4)
--- page 14 ---
16
Name Class of Shares
Number of Shares
subject to the Lock-up
Obligations after Listing
Percentage of
shareholding in the
Company subject to the
Lock-up Obligations
after Listing (1)
Last day of the
Lock-up Period
HongShan Hanchen Unlisted Shares 8,475,774 1.83% September 27, 2024 (4)
Nanjing Paradigm Unlisted Shares 7,958,544 1.71% September 27, 2024 (4)
Beijing Innovation H Shares 7,115,539 1.53% September 27, 2024 (4)
Zhuhai Hongmai Unlisted Shares 7,030,079 1.51% September 27, 2024 (4)
Zhongyi Equity Fund H Shares 7,020,480 1.51% September 27, 2024 (4)
Sinovation Fund III H Shares 6,476,628 1.40% September 27, 2024 (4)
CDBC Manufacturing Fund Unlisted Shares 6,356,827 1.37% September 27, 2024 (4)
HongShan Mingde Unlisted Shares 6,352,978 1.37% September 27, 2024 (4)
Ruihui Haina H Shares 4,896,176 1.06% September 27, 2024 (4)
Jiangsu Jiequan Unlisted Shares 4,237,879 0.91% September 27, 2024 (4)
Lucent Shanghai Unlisted Shares 4,237,879 0.91% September 27, 2024 (4)
NIFA No. 1 Unlisted Shares 728,267 0.16% September 27, 2024 (4)
H Shares 3,433,813 0.74% September 27, 2024 (4)
HongShan Zhisheng Unlisted Shares 4,112,972 0.89% September 27, 2024 (4)
Qingdao Chuangxin Venture Capital
Enterprise (Limited Partnership)
Unlisted Shares 3,802,047 0.82% September 27, 2024 (4)
BOCOM International Holdings Company Limited Unlisted Shares 3,672,128 0.79% September 27, 2024 (4)
Zhuhai Xuren Unlisted Shares 3,515,032 0.76% September 27, 2024 (4)
Major Awesome Unlisted Shares 3,442,422 0.74% September 27, 2024 (4)
Gongqingcheng Yuanchun Investment Management
Partnership (Limited Partnership)
Unlisted Shares 3,391,428 0.73% September 27, 2024 (4)
Shenzhen Songhe Unlisted Shares 3,359,773 0.72% September 27, 2024 (4)
Shenzhen Lingyu Unlisted Shares 3,359,773 0.72% September 27, 2024 (4)
Value Global H Shares 3,286,016 0.71% September 27, 2024 (4)
Shanghai Saixin Business Consulting Management
Center (Limited Partnership)
H Shares 3,231,551 0.70% September 27, 2024 (4)
Guangxi Tencent Venture Capital Co., Ltd. Unlisted Shares 1,390,806 0.30% September 27, 2024 (4)
H Shares 1,716,985 0.37% September 27, 2024 (4)
MIC Capital Unlisted Shares 2,966,514 0.64% September 27, 2024 (4)
Hangzhou Fantong H Shares 2,825,253 0.61% September 27, 2024 (4)
CPE Investment (Hong Kong) 2018 Limited Unlisted Shares 2,825,253 0.61% September 27, 2024 (4)
Hubei Boheng H Shares 2,738,347 0.59% September 27, 2024 (4)
JIC Tech-Inv Unlisted Shares 2,118,947 0.46% September 27, 2024 (4)
Zhuhai Jinyiming Unlisted Shares 2,118,947 0.46% September 27, 2024 (4)
Beijing New Power Unlisted Shares 2,118,947 0.46% September 27, 2024 (4)
Guangzhou Yuexiu Emerging Industry Phase II
Investment Fund Partnership (Limited Partnership)
H Shares 2,112,208 0.46% September 27, 2024 (4)
Qiushi Xingde Unlisted Shares 2,048,317 0.44% September 27, 2024 (4)
GS Asia II H Shares 2,020,055 0.44% September 27, 2024 (4)
CNCB (Hong Kong) Investment Limited Unlisted Shares 1,988,683 0.43% September 27, 2024 (4)
Beijing Lianxiang Smart Internet Innovation
Fund Partnership (Limited Partnership)
Unlisted Shares 1,871,693 0.40% September 27, 2024 (4)
Shenzhen Linghui Unlisted Shares 1,679,879 0.36% September 27, 2024 (4)
Zhuhai Zhongyu Investment Enterprise
(Limited Partnership)
H Shares 1,678,669 0.36% September 27, 2024 (4)
Zhuhai Huiyuan Investment Partnership
(Limited Partnership)
Unlisted Shares 1,658,357 0.36% September 27, 2024 (4)
--- page 15 ---
17
Name Class of Shares
Number of Shares
subject to the Lock-up
Obligations after Listing
Percentage of
shareholding in the
Company subject to the
Lock-up Obligations
after Listing (1)
Last day of the
Lock-up Period
CITIC Securities Investment Unlisted Shares 1,550,588 0.33% September 27, 2024 (4)
Guangkong Zhongying H Shares 1,420,246 0.31% September 27, 2024 (4)
Fangyuan Chuangying H Shares 1,412,626 0.30% September 27, 2024 (4)
Haitong International Investment H Shares 1,412,626 0.30% September 27, 2024 (4)
Jiaxing Chenyue H Shares 1,412,626 0.30% September 27, 2024 (4)
Nongwan Investment Unlisted Shares 1,153,936 0.25% September 27, 2024 (4)
Shenzhen Runxin New Vision Strategic Emerging
Industry Private Equity Investment Fund
Partnership (Limited Partnership)
H Shares 1,130,104 0.24% September 27, 2024 (4)
Chance Talent Unlisted Shares 1,095,339 0.24% September 27, 2024 (4)
Cisco China H Shares 994,342 0.21% September 27, 2024 (4)
Lianxiang Yangtze River Unlisted Shares 974,720 0.21% September 27, 2024 (4)
Jinshi Jinrui Unlisted Shares 878,766 0.19% September 27, 2024 (4)
Stonebridge 2020 H Shares 805,198 0.17% September 27, 2024 (4)
Tibet Lingfeng Unlisted Shares 761,572 0.16% September 27, 2024 (4)
Growing Fame H Shares 706,321 0.15% September 27, 2024 (4)
Jinshi Haofeng Unlisted Shares 703,006 0.15% September 27, 2024 (4)
Jinshi Zhiyu Unlisted Shares 703,006 0.15% September 27, 2024 (4)
Guangzhou Yuexiu Nuocheng No. 8 Industrial
Investment Partnership (Limited Partnership)
H Shares 626,139 0.13% September 27, 2024 (4)
CITIC Construction Investment H Shares 565,044 0.12% September 27, 2024 (4)
Hainan Yuanfengshang Unlisted Shares 540,035 0.12% September 27, 2024 (4)
Ningbo Huiyuan Unlisted Shares 183,646 0.04% September 27, 2024 (4)
H Shares 123,022 0.03% September 27, 2024 (4)
Hainan BOCOM Unlisted Shares 282,522 0.06% September 27, 2024 (4)
Dongkong Jinlong H Shares 211,892 0.05% September 27, 2024 (4)
LF Beta H Shares 196,857 0.04% September 27, 2024 (4)
Subtotal 265,431,627 57.20%
Cornerstone Investors (subject to lock-up obligations pursuant to their respective Cornerstone Investment Agreements)
New China Capital Management H Shares 6,564,700 1.41% March 27, 2024 (5)
Beijing Zhongguancun H Shares 5,592,100 1.21% March 27, 2024 (5)
Montage Holdings H Shares 1,409,500 0.30% March 27, 2024 (5)
Subtotal 13,566,300 2.92%
Notes:
(1) Assuming the Over-allotment Option is not exercised.
(2) The Company may not issue Shares prior to the indicated date except otherwise permitted by the Listing Rules.
(3) Each of the Controlling Shareholder(s) shall not dispose of any of its existing Shares on or before the indicated
date.
--- page 16 ---
18
(4) Each of the other existing Shareholders shall not dispose of any of its existing Shares on or before the indicated
date.
(5) Each of the Cornerstone Investors shall not dispose of the Offer Shares acquired in the Global Offering on or
before the indicated date.
Each of the existing Shareholders are subject to statutory lock-up requirement for one year
from the Listing Date pursuant to the PRC Company Law. As such, all existing Shareholders of
330,418,283 Unlisted Shares and 115,246,250 H Shares (as converted from Unlisted Shares) will
be subject to the one-year statutory lock-up requirement. Please refer to the table summarizing the
capitalization of the Company under the paragraph headed “History, Development and Corporate
Structure – Capitalization of our Company ” in the Prospectus for a list of the existing Shareholders
and the paragraph headed “History, Development and Corporate Structure – Principal Terms of the
Pre-IPO Investments and Pre-IPO Investors ’ Rights ” in the Prospectus for details of the lock-up
requirement.
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the paragraph headed “Structure of the
Global Offering – Conditions of the Hong Kong Public Offering ” in the Prospectus, 12,653 valid
applications made by the public through the HK eIPO White Form service and the CCASS EIPO
service will be conditionally allocated on the basis set out below:
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
100 7,354 3,677 out of 7,354 applicants to receive 100 H Shares 50.00%
200 648 333 out of 648 applicants to receive 100 H Shares 25.69%
300 328 173 out of 328 applicants to receive 100 H Shares 17.58%
400 222 119 out of 222 applicants to receive 100 H Shares 13.40%
500 303 166 out of 303 applicants to receive 100 H Shares 10.96%
600 125 72 out of 125 applicants to receive 100 H Shares 9.60%
700 84 51 out of 84 applicants to receive 100 H Shares 8.67%
800 1,476 923 out of 1,476 applicants to receive 100 H Shares 7.82%
900 66 42 out of 66 applicants to receive 100 H Shares 7.07%
1,000 583 379 out of 583 applicants to receive 100 H Shares 6.50%
1,500 218 167 out of 218 applicants to receive 100 H Shares 5.11%
2,000 227 100 H Shares 5.00%
2,500 90 100 H Shares plus 12 out of 90 applicants to receive an additional 100 H Shares 4.53%
3,000 239 100 H Shares plus 77 out of 239 applicants to receive an additional 100 H Shares 4.41%
3,500 45 100 H Shares plus 23 out of 45 applicants to receive an additional 100 H Shares 4.32%
4,000 68 100 H Shares plus 47 out of 68 applicants to receive an additional 100 H Shares 4.23%
4,500 29 100 H Shares plus 25 out of 29 applicants to receive an additional 100 H Shares 4.14%
5,000 101 200 H Shares 4.00%
6,000 39 200 H Shares plus 12 out of 39 applicants to receive an additional 100 H Shares 3.85%
7,000 18 200 H Shares plus 12 out of 18 applicants to receive an additional 100 H Shares 3.81%
8,000 34 300 H Shares 3.75%
--- page 17 ---
19
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
9,000 13 300 H Shares plus 1 out of 13 applicants to receive an additional 100 H Shares 3.42%
10,000 133 300 H Shares plus 14 out of 133 applicants to receive an additional 100 H Shares 3.11%
20,000 67 500 H Shares 2.50%
30,000 27 700 H Shares 2.33%
40,000 19 900 H Shares 2.25%
50,000 21 1,100 H Shares 2.20%
60,000 7 1,300 H Shares 2.17%
70,000 2 1,500 H Shares 2.14%
80,000 16 1,700 H Shares 2.13%
Total 12,602 Total number of Pool A successful applicants: 7,297
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
90,000 28 11,700 H Shares 13.00%
100,000 13 12,900 H Shares 12.90%
200,000 4 25,700 H Shares 12.85%
300,000 4 38,400 H Shares 12.80%
400,000 1 51,000 H Shares 12.75%
919,800 1 117,100 H Shares 12.73%
Total 51 Total number of Pool B successful applicants: 51
The final number of Offer Shares under the Hong Kong Public Offering is 1,839,600 H Shares,
representing 10% of the total number of Offer Shares initially available under the Global Offering
(before any exercise of the Over-allotment Option).
RESULTS OF ALLOCATIONS
Results of applications in the Hong Kong Public Offering, the level of indications of interests in
the International Offering, the level of applications in the Hong Kong Public Offering and the
basis of allocation of the Hong Kong Offer Shares will be published on Wednesday, September
27, 2023, on the websites of the Company at www.4paradigm.com and the Stock Exchange at
www.hkexnews.hk .
--- page 18 ---
20
The results of allocations of the Hong Kong Offer Shares under the Hong Kong Public Offering
successfully applied for through the HK eIPO White Form service or through the CCASS
EIPO service, including the Hong Kong identity card numbers, passport numbers or Hong Kong
business registration numbers, certificate of incorporation numbers of successful applicants (where
applicable) and the number of the Hong Kong Offer Shares successfully applied for, will be made
available at the times and dates and in the manner specified below:
• in the announcement to be posted on the Company ’s website and the website of the Stock
Exchange at www.4paradigm.com and www.hkexnews.hk , respectively, by no later than
8:00 a.m. on Wednesday, September 27, 2023;
• from the “IPO Results ” function in the IPO App and the designated results of allocations
website at www.tricor.com.hk/ipo/result or www.hkeipo.hk/IPOResult with a “search by
ID” function on a 24-hour basis from 8:00 a.m. on Wednesday, September 27, 2023 to 12:00
midnight on Tuesday, October 3, 2023; and
• from the allocation results telephone enquiry line by calling +852 3691 8488 between 9:00
a.m. and 6:00 p.m. on Wednesday, September 27, 2023 to Tuesday, October 3, 2023 (except
Saturday, Sunday and public holiday in Hong Kong).
This announcement contains a list of identification document numbers. Identification document
numbers shown in the section headed “Results of Applications Made by HK eIPO White Form ”
in this announcement refer to Hong Kong identity card numbers/passport numbers/Hong Kong
business registration numbers/certificate of incorporation numbers/beneficial owner identification
codes (if such applications are made by nominees as agent for the benefit of another person)
whereas those displayed in the section headed “Results of Applications Made by Giving Electronic
Application Instructions to HKSCC via CCASS ” in this announcement are provided by CCASS
Participants via CCASS. Therefore, the identification document numbers shown in the two sections
are different in nature.
Please note that the list of identification document numbers set out in this announcement may not
be a complete list of successful applicants since only successful applicants whose identification
document numbers are provided to HKSCC by CCASS Participants or via the HK eIPO White
Form service are disclosed. Applicants with beneficial names only but not identification document
numbers are not disclosed due to personal privacy issue as elaborated below. Applicants who
applied for the Hong Kong Offer Shares through their brokers can consult their brokers to enquire
about their application results.
Since applications are subject to personal information collection statements, beneficial owner
identification codes displayed in the sections headed “Results of Applications Made by HK eIPO
White Form ” and “Results of Applications Made by Giving Electronic Application Instructions
to HKSCC via CCASS ” are redacted and not all details of applications are disclosed in this
announcement.
--- page 19 ---
21
SHAREHOLDING CONCENTRATION ANALYSIS
A summary of allotment results under the International Offering is set out below:
Top 1, 5, 10, 20 and 25 of the placees in the International Offering:
International
Placee Subscription
Number of
Shares held
upon Listing
Subscription
as % of
International
Offering
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
International
Offering
(assuming the
Over-
allotment
Option is
exercised
in full)
Subscription
as % of
total Offer
Shares
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
Offer Shares
(assuming the
Over-
allotment
Option is
exercised
in full)
% 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
exercised
in full)
Top 1 6,564,700 6,564,700 39.65% 33.99% 35.69% 31.03% 1.41% 1.41%
Top 5 17,371,900 17,371,900 104.93% 89.94% 94.43% 82.12% 3.74% 3.72%
Top 10 18,897,900 18,897,900 114.14% 97.84% 102.73% 89.33% 4.07% 4.05%
Top 20 19,245,200 19,245,200 116.24% 99.63% 104.62% 90.97% 4.15% 4.12%
Top 25 19,282,800 19,282,800 116.47% 99.83% 104.82% 91.15% 4.16% 4.13%
Top 1, 5, 10, 20 and 25 Shareholders upon Listing:
Shareholder Subscription
Number of
Shares held
upon Listing
Subscription
as % of
International
Offering
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
International
Offering
(assuming the
Over-
allotment
Option is
exercised
in full)
Subscription
as % of
total Offer
Shares
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
Offer Shares
(assuming the
Over-
allotment
Option is
exercised
in full)
% 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
exercised
in full)
Top 1 – 180,232,906 0.00% 0.00% 0.00% 0.00% 38.84% 38.61%
Top 5 – 257,677,385 0.00% 0.00% 0.00% 0.00% 55.53% 55.20%
Top 10 – 307,348,757 0.00% 0.00% 0.00% 0.00% 66.23% 65.84%
Top 20 12,156,800 366,877,044 73.43% 62.94% 66.08% 57.46% 79.06% 78.59%
Top 25 12,156,800 385,470,753 73.43% 62.94% 66.08% 57.46% 83.06% 82.57%
--- page 20 ---
22
Top 1, 5, 10, 20 and 25 of all the holders of the H Shares of the Company upon Listing:
Shareholder Subscription
Number of
H Shares held
upon Listing
Subscription
as % of
International
Offering
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
International
Offering
(assuming the
Over-
allotment
Option is
exercised
in full)
Subscription
as % of
total Offer
Shares
(assuming no
exercise of the
Over-
allotment
Option)
Subscription
as % of
Offer Shares
(assuming the
Over-
allotment
Option is
exercised
in full)
% 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
exercised
in full)
Top 1 – 32,259,066 0.00% 0.00% 0.00% 0.00% 6.95% 6.91%
Top 5 – 69,813,506 0.00% 0.00% 0.00% 0.00% 15.04% 14.96%
Top 10 12,156,800 96,776,923 73.43% 62.94% 66.08% 57.46% 20.85% 20.73%
Top 20 15,962,400 120,191,607 96.41% 82.64% 86.77% 75.45% 25.90% 25.75%
Top 25 17,371,900 127,259,231 104.93% 89.94% 94.43% 82.12% 27.42% 27.26%
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