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geometrybase 8a0dfd88f0 Make PDF text extraction a standard archive step 
Request:
- Add extracted PDF text generation to the archivist workflow as a standard step.

Changes:
- Run PDF text extraction automatically for newly archived HKEX PDF sources.
- Make the PDF text extractor incremental and manifest-preserving.
- Document extracted-text handling in the archivist skill and README.
- Mark generated extracted text as no-diff data evidence.
- Backfill extracted text for all archived PDF source references.

Verification:
- Ran git diff --cached --check.
- Ran .venv/bin/python -m py_compile scripts/extract_pdf_text.py scripts/archive_hkex_documents.py.
- Ran full PDF extraction, then confirmed an incremental rerun skips unchanged files.
- Verified 557 PDF source_refs, 557 manifest rows, all status ok, and zero missing text/hash/path issues.

Next useful context:
- HKEX HTML notices and Yahoo JSON market data remain under data/raw and are not expected in data/extracted_text.
2026-06-15 13:27:41 +00:00

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--- page 1 ---
PU'ER LANCANG ANCIENT TEA CO., LTD. / 普洱瀾滄古茶股份有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
as those defined in the prospectus dated 14 December 2023 (the “ Prospectus”) issued by Pu'er Lancang
Ancient Tea Co., Ltd. (the “Company”).
SUMMARY
Company information
Stock code 6911
Stock short name LANCANG TEA
Dealings commencement date 22 December 2023*
*see note at the end of the announcement
Price Information
Final Offer Price HK$10.700
Offer Price Range HK$10.400 - HK$14.160
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Number of Offer Shares 21,000,000
Number of Offer Shares in Public Offer (after Offer Size
Adjustment Option and reallocation)
2,100,000
Number of offer shares in International Offer (after Offer
Size Adjustment Option and reallocation)
18,900,000
Number of issued shares upon Listing 84,000,000
The number of offer shares above is determined after taking into account the additional shares issued under
the following Offer Size Adjustment Option
Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option -
- Public Offer -
- International Offer -
Over-allocation
No. of Offer Shares over-allocated 540,800
Such over-allocation may be covered by exercising the Over -allotment Option or by making purchases
in the secondary market at prices that do not exceed the Offer Price or through deferred delivery or a
combination of these means. In the event the Over -allotment Option is exercised, an announcement will
be made on the Stock Exchange’s website.
Proceeds
Gross proceeds (Note) HK$ 230.49 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (70.61) million
Net proceeds HK$ 159.88 million
Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
proceeds, please refer to the Prospectus dated 14 December 2023.
--- page 2 ---
ALLOTMENT RESULTS DETAILS
PUBLIC OFFER
No. of valid applications 5,922
No. of successful applications 3,163
Subscription level 13.23 times
Claw-back triggered No
No. of Offer Shares initially available under the Public Offer 2,100,000
Final no. of Offer Shares under the Public Offer (after exercise of
Offer Size Adjustment Option and reallocation)
2,100,000
% of Offer Shares under the Public Offer to the Global Offering 10%
Note: For details of the final allocation of shares to the Public Offer , investors can refer to
https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
https://www.hkeipo.hk/iporesult for the full list of allottees.
INTERNATIONAL OFFER
No. of placees 142
Subscription Level 1.32 times
No. of Offer Shares initially available under the International
Offer
18,900,000
Final no. of Offer Shares under the International Offer (after
reallocation)
18,900,000
% of Offer Shares under the International Offer to the Global
Offering
90.00%
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, chief executive of the Company, the Controlling Shareholder Group , substantial shareholders,
existing shareholders of the Company or any of its subsidiaries or their respective close associates ; and (ii)
none of the placees and the public who have purchased the Offer Shares are accustomed to taking instructions
from the Company, any of the Directors, chief executive of the Company, the Controlling Shareholder Group,
substantial shareholders, existing shareholders of the Company or any of its subsidiaries or their respective
close associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in
his/her/its name or otherwise held by him/her/it.
--- page 3 ---
The placees in the International Offer include the following:
Cornerstone Investors
Investor
No. of
Offer
Shares
allocated
% of Offer
Shares
(including
over-
allocated
shares)
% of total
issued H
Shares after
the Global
Offering
% of total
issued share
capital after the
Global Offering
Existing
shareholders or
their close
associates
Harvest 2,190,800 10.17% 10.43% 2.61% No
ROSY DAY
INVESTMENTS
LIMITED 934,400 4.34% 4.45% 1.11% No
Wang Chunyu 1,869,000 8.68% 8.90% 2.23% No
Lancang Green
Resource
Investment Co.,
Ltd. 3,651,400 16.95% 17.39% 4.35% No
China Ocean
View Group
Limited 2,190,800 10.17% 10.43% 2.61% No
Total 10,836,400 50.31% 51.60% 12.90%
Allottee who is an affiliate of a supplier of the issuer
Investor
No. of shares
allocated
% of offer
shares
(including
over-
allocated
shares)
% of total
issued H Shares
after the Global
Offering
% of total
issued share
capital after the
Global Offering Relationship*
ROSY DAY
INVESTMENTS
LIMITED 934,400 4.34% 4.45% 1.11%
An affiliate of a
supplier of the
issuer
Total 934,400 4.34% 4.45% 1.11%
LOCK-UP UNDERTAKINGS
Controlling Shareholder Group
Name
Number of shares held
in the Company subject
to lock-up
undertakings upon
listing
% of shareholding in
the Company subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not
exercised)
Last day subject to the
lock-up undertakings
Du Chunyi / 杜春嶧 11,383,660 13.55% 21 December 2024
Wang Juan / 王娟 8,328,599 9.91% 21 December 2024
--- page 4 ---
Name
Number of shares held
in the Company subject
to lock-up
undertakings upon
listing
% of shareholding in
the Company subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not
exercised)
Last day subject to the
lock-up undertakings
Guangzhou Tiansu
Information Technology
Co., Ltd. / 廣州天速信
息科技有限公司
4,968,000 5.91% 21 December 2024
Shi Ailing / 石艾靈 3,857,537 4.59% 21 December 2024
Shi Yue / 石躍 1,677,760 2.00% 21 December 2024
Subtotal 30,215,556 35.97%
The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
Pre-IPO Investors (as defined in the “History and Corporate Structure” section of the Prospectus)
Name
Number of shares held
in the Company subject
to lock-up
undertakings upon
listing
% of shareholding in
the Company subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not exercised)
Last day subject to the
lock-up undertakings
Kaiyi Hengzheng / 凱易
恆正
2,850,000 3.39% 21 December 2024
Zheng Wenping / 鄭文平 2,850,000 3.39% 21 December 2024
Shenzhen Jingmai New
Industry Partnership
(Limited Partnership) /
深圳景邁新實業合夥企
業（有限合夥）
2,700,000 3.21% 21 December 2024
Wu Zhize / 吳志澤 1,620,000 1.93% 21 December 2024
Pingyang Junquan
Xinben Investment
Partnership (Limited
Partnership) / 平陽浚泉
信本投資合夥企業（有
限合夥）
1,500,000 1.79% 21 December 2024
Foshan Huijia Industrial
Co., Ltd. / 佛山市薈嘉
實業有限公司
1,027,872 1.22% 21 December 2024
Pu'er Guming
Management Partnership
(Limited Partnership) /
普洱古茗管理合夥企業
（有限合夥）
600,000 0.71% 21 December 2024
--- page 5 ---
Name
Number of shares held
in the Company subject
to lock-up
undertakings upon
listing
% of shareholding in
the Company subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not exercised)
Last day subject to the
lock-up undertakings
Pingyang Junquan
Shenshi Equity
Investment Partnership
(Limited Partnership) /
平陽浚泉慎始股權投資
合夥企業（有限合夥）
600,000 0.71% 21 December 2024
Xinyu Xinzhonghe
Investment Management
Center (Limited
Partnership) / 新余信中
合投資管理中心（有限
合夥）
600,000 0.71% 21 December 2024
Subtotal 14,347,872 17.08%
The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
Existing Shareholders (other than the Pre-IPO Investors as defined in the “History and Corporate
Structure” section of the Prospectus)
Name
Number of shares held
in the Company subject
to lock-up
undertakings upon
listing
% of shareholding in
the Company subject to
lock-up undertakings
upon listing (assuming
the Over-allotment
Option is not exercised)
Last day subject to the
lock-up undertakings
Others / 其他 9,953,658 11.85% 21 December 2024
Guangzhou Wujin
Investment Partnership
(Limited Partnership) /
廣州烏金投資合夥企業
（有限合夥）
3,000,000 3.57% 21 December 2024
Yang Xiu / 楊秀 1,500,000 1.79% 21 December 2024
Xu Weixian / 徐維仙 1,240,000 1.48% 21 December 2024
Zhou Rongchang / 周榮
昌
1,232,761 1.47% 21 December 2024
Xiao Minghuan / 肖明煥 810,153 0.96% 21 December 2024
Li Congmei / 李從妹 700,000 0.83% 21 December 2024
Subtotal 18,436,572 21.95%
The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
--- page 6 ---
Cornerstone Investors
Name
Number of
shares held in the
Company subject
to lock-up
undertakings
upon listing
% of total issued H-
shares after the
Global Offering
subject to lock-up
undertakings upon
listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
listing (assuming
the Over-allotment
Option is not
exercised)
Last day
subject to
the lock-up
undertakings
Lancang Green
Resource Investment
Co., Ltd. / 瀾滄綠色
資源投資有限公司
3,651,400 17.39% 4.35% 21 June 2024
HARVEST / 嘉實 2,190,800 10.43% 2.61% 21 June 2024
China Ocean View
Group Limited / 中國
海景集團有限公司
2,190,800 10.43% 2.61% 21 June 2024
Wang Chunyu / 王春
宇
1,869,000 8.90% 2.23% 21 June 2024
ROSY DAY
INVESTMENTS
LIMITED / 興日投資
有限公司
934,400 4.45% 1.11% 21 June 2024
Subtotal 10,836,400 51.60% 12.90%
In accordance with the relevant Listing Rule/guidance materials, the required lock-up ends on 21 June 2024.
--- page 7 ---
PLACEE CONCENTRATION ANALYSIS
Placees
Number of H
Shares allotted
Allotment as % of
International Offering
(assuming no exercise of
the Over-allotment
Option)
Allotment as % of
International Offering
(assuming the Over-
allotment Option is
exercised and new H
Shares are issued)
Allotment as % of total
Offer Shares (assuming no
exercise of the Over-
allotment Option)
Allotment as % of total
Offer Shares (assuming
the Over-allotment
Option is exercised and
new H Shares are
issued)
Number of
Shares held upon Listing
% of total issued share
capital upon Listing
(assuming no exercise of the
Over-allotment Option)
·% of total issued share
capital upon Listing
(assuming the Over-
allotment Option is
exercised and new H
Shares are issued)
Top 1 4,191,600 22.18% 21.56% 19.96% 19.46% 4,191,600 4.99% 4.96%
Top 5 14,093,600 74.57% 72.49% 67.11% 65.43% 14,093,600 16.78% 16.67%
Top 10 18,662,600 98.74% 96.00% 88.87% 86.64% 18,662,600 22.22% 22.08%
Top 25 19,417,200 102.74% 99.88% 92.46% 90.14% 19,417,200 23.12% 22.97%
Notes
* Ranking of placees is based on the number of H Shares allotted to the placees.
--- page 8 ---
H SHAREHOLDERS CONCENTRATION ANALYSIS
H
Shareholders*
Number of
H Shares
allotted
Allotment as
% of
International
Offering
(assuming no
exercise of
the Over-
allotment
Option)
Allotment as
% of
International
Offering
(assuming
the Over-
allotment
Option is
exercised
and new H
Shares
issued)
Allotment as
% of total
Offer Shares
(assuming
no exercise
of the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option is
exercised
and new H
Shares are
issued)
Number of H
Shares held
upon Listing
% of total
issued H
Shares
capital upon
Listing
(assuming
no exercise
of the Over-
allotment
Option)
% of
total
issued H
Shares
capital
upon
Listing
(assuming
the Over-
allotment
Option is
exercised
and
new H
Shares
are
issued)
Number of
Shares held
upon Listing
Top 1 4,191,600 22.18% 21.56% 19.96% 19.46% 4,191,600 19.96% 19.46% 4,191,600
Top 5 14,093,600 74.57% 72.49% 67.11% 65.43% 14,093,600 67.11% 65.43% 14,093,600
Top 10 18,662,600 98.74% 96.00% 88.87% 86.64% 18,662,600 88.87% 86.64% 18,662,600
Top 25 20,083,000 106.26% 103.30% 95.63% 93.23% 20,083,000 95.63% 93.23% 20,083,000
Notes
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment as
% of
International
Offering
(assuming no
exercise of
the Over-
allotment
Option)
Allotment as
% of
International
Offering
(assuming
the Over-
allotment
Option is
exercised
and new H
Shares are
issued)
Allotment as
% of total
Offer Shares
(assuming no
exercise of
the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option is
exercised
and new H
Shares are
issued)
Number of
H Shares
held upon
Listing
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
(assuming no
exercise of
the Over-
allotment
Option)
% of total
issued share
capital upon
Listing
(assuming
the Over-
allotment
Option is
exercised
and new H
Shares are
issued)
Top 1 0 0.00% 0.00% 0.00% 0.00% 0 30,215,556 35.97% 35.74%
Top 5 7,843,000 41.50% 40.34% 37.35% 36.41% 7,843,000 43,908,556 52.27% 51.94%
Top 10 14,093,600 74.57% 72.49% 67.11% 65.43% 14,093,600 55,709,156 66.32% 65.90%
Top 25 18,292,600 96.79% 94.09% 87.11% 84.92% 18,292,600 71,338,942 84.93% 84.38%
Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
--- page 9 ---
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
Pool A
NO. OF H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
200 2,639 528 out of 2,639 applicants to receive 200 H Shares 20.01%
400 275 99 out of 275 applicants to receive 200 H Shares 18.00%
600 758 370 out of 758 applicants to receive 200 H Shares 16.27%
800 72 44 out of 72 applicants to receive 200 H Shares 15.28%
1,000 134 94 out of 134 applicants to receive 200 H Shares 14.03%
1,200 36 29 out of 36 applicants to receive 200 H Shares 13.43%
1,400 36 31 out of 36 applicants to receive 200 H Shares 12.30%
1,600 24 21 out of 24 applicants to receive 200 H Shares 10.94%
1,800 16 15 out of 16 applicants to receive 200 H Shares 10.42%
2,000 263 200 H Shares 10.00%
3,000 965 200 H Shares plus 193 out of 965 applicants to receive an
additional 200 H Shares
8.00%
4,000 66 200 H Shares plus 27 out of 66 applicants to receive an
additional 200 H Shares
7.05%
5,000 29 200 H Shares plus 19 out of 29 applicants to receive an
additional 200 H Shares
6.62%
6,000 136 200 H Shares plus 117 out of 136 applicants to receive an
additional 200 H Shares
6.20%
7,000 30 400 H Shares 5.71%
8,000 29 400 H Shares plus 6 out of 29 applicants to receive an
additional 200 H Shares
5.52%
9,000 5 400 H Shares plus 2 out of 5 applicants to receive an
additional 200 H Shares
5.33%
10,000 153 400 H Shares plus 92 out of 153 applicants to receive an
additional 200 H Shares
5.20%
20,000 97 800 H Shares 4.00%
30,000 38 1,000 H Shares 3.33%
40,000 23 1,200 H Shares 3.00%
50,000 16 1,400 H Shares 2.80%
60,000 15 1,600 H Shares 2.67%
70,000 11 1,800 H Shares 2.57%
80,000 11 2,000 H Shares 2.50%
90,000 1 2,200 H Shares 2.44%
100,000 12 2,400 H Shares 2.40%
120,000 2 2,800 H Shares 2.33%
160,000 1 3,600 H Shares 2.25%
180,000 1 4,000 H Shares 2.22%
--- page 10 ---
200,000 6 4,400 H Shares 2.20%
300,000 5 6,400 H Shares 2.13%
Total 5,905 Total number of Pool A successful applicants: 3,146
Pool B
NO. OF H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
400,000 14 54,400 H Shares 13.60%
500,000 1 67,200 H Shares 13.44%
600,000 1 80,600 H Shares 13.43%
1,050,000 1 140,600 H Shares 13.39%
Total 17 Total number of Pool B successful applicants: 17
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants .
Investors should contact their relevant brokers for any inquiries.
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that , except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees or the
public (as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by
them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and trading fee payable.
OTHERS / ADDITIONAL INFORMATION
1. "Others" in Lock-up Undertaking includes 48 shareholders as detailed in the section headed "History
and Corporate Structure - Major changes in our Company's shareholding structure and registered
capital - (3) The 2021 Capital Increase and Share transfers" in the Prospectus.
2. "Kaiyi Hengzheng" in Lock-up Undertaking refers to Gongqingcheng Kaiyi Hengzheng Investment
Management Partnership (Limited Partnership).
3. "Harvest" in Lock-up Undertaking refers to HARVEST INTERNATIONAL PREMIUM VALUE
(SECONDARY MARKET) FUND SPC acting on behalf of and for the account of HARVEST
PROSPERITY II SP.
--- page 11 ---
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from
or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any state of the United States and the District
of Columbia). This announcement does not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States. The securities ment ioned herein have not
been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”). The securities may not be offered or sold in the United States except pursuant to an
exemption from the registra tion requirements of the U.S. Securities Act and in compliance with any
applicable state securities laws, or outside the United States unless in compliance with Regulation S
under the U.S. Securities Act. There will be no public offer of securities in the United States.
The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined in Rule
144A under the U.S. Securities Act pursuant to an exemption from registration under the U.S. Securities
Act and (2) outside the United States in off shore transactions in reliance on Regulation S under the U.S.
Securities Act.
This announcement is for information purposes only and does not constitute an invitation or offer to
acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
investors should read the Prospectus dated 14 December 2023 issued by Pu'er Lancang Ancient Tea
Co., Ltd. for detailed information about the Global Offering described below before deciding whether
or not to invest in the Shares thereby being offered.
*Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves
and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under
the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the
events set out in the paragraph headed “Underwriting – Underwriting Arrangements and Expenses
– Hong Kong Public Offering – Hong Kong Underwriting Agreement – Grounds for Termination ” in
the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is
currently expected to be on 22 December 2023 ).
By Order of the Board
Pu’er Lancang Ancient Tea Co., Ltd.
Ms. Du Chunyi
Chairlady and Executive Director
Hong Kong, December 21, 2023
As at the date of this announcement, the Board comprises Ms. Du Chunyi, Ms. Wang Juan, Mr. Zhang Muheng,
Ms. Shi Yijing, Mr. Fu Gang and Mr. Liu Jiajie as executive Directors; and Ms. Cao Wei, Dr. Xie Xiaoyao and
Mr. Tang Zhangliang as independent non-executive Directors.
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