hk-ipo/data/extracted_text/08549/allotment_results_2025-10-09_2025100901038.txt

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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.
Unless otherwise defined in this announcement, capitalised terms used herein shall have the same meanings
as those defined in the prospectus dated 30 September 2025 (the “Prospectus”) issued by GOLDEN LEAF
INTERNATIONAL GROUP LIMITED (金葉國際集團有限公司) (the “Company”).
This announcement is for information purposes only and does not constitute an offer or an invitation to
induce an offer by any person to acquire, purchase or subscribe for securities. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about the Share Offer
described below before deciding whether or not to invest in the Offer Shares thereby being offered.
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)
or any other jurisdiction where such distribution is prohibited by law. This announcement does not constitute
or form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Hong
Kong or elsewhere. The Offer Shares have not been, and will not be, registered under the United States
Securities Act of 1933, as amended from time to time (the “U.S. Securities Act”), or any state securities
laws of the United States. The securities may not be offered or sold in the United States except pursuant to
registration or an exemption from, or in a transaction that is not subject to, the registration requirements of
the U.S. Securities Act. There will be no public offer of securities of the Company in the United States. The
Offer Shares are being offered and sold solely outside the United States in offshore transactions in reliance
on Regulation S under the U.S. Securities Act and applicable laws of each jurisdiction where those offers and
sales occur.
Potential investors of the Offer Shares should note that the Joint Overall Coordinators (for themselves and
on behalf of the Public Offer Underwriters) shall be entitled to terminate the Public Offer Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the paragraph headed
“Underwriting — Underwriting arrangements and expenses — The Public Offer — Grounds for termination”
in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently
expected to be on Friday, 10 October 2025).


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GOLDEN LEAF INTERNATIONAL GROUP LIMITED
金葉國際集團有限公司
(incorporated in the Cayman Islands with limited liability)
LISTING ON GEM OF
THE STOCK EXCHANGE OF HONG KONG LIMITED
BY WAY OF SHARE OFFER
Number of Offer Shares
under the Share Offer
: 100,000,000 Shares
Number of Public Offer Shares : 10,000,000 Shares
Number of Placing Shares : 90,000,000 Shares
Final Offer Price : HK$0.50 per Offer Share plus brokerage
of 1%, SFC transaction levy of
0.0027%, AFRC transaction levy of
0.00015% and Stock Exchange trading
fee of 0.00565%
Nominal value : HK$0.01 per Share
Stock code : 8549
Sole Sponsor
Joint Overall Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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GOLDEN LEAF INTERNATIONAL GROUP LIMITED
金葉國際集團有限公司

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 30 September 2025  (the “Prospectus”) issued
by GOLDEN LEAF INTERNATIONAL GROUP LIMITED (the “Company”).


Warning:  In view of high concentration of shareholding in a small number of
Shareholders, Shareholders and prospective investors should be aware that the price
of the Shares could move substantially even with a small number of Shares traded
and should exercise extreme caution when dealing in the Shares.
SUMMARY

Company information
Stock code  8549
Stock short name  GOLDEN LEAF INT
Dealings commencement date  10 October 2025*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$0.50
Offer Price Range HK$0.45 - HK$0.65
Offer Price Adjustment exercised  N/A

Offer Shares and Share Capital
Number of Offer Shares  100,000,000
Number of Offer Shares in Public Offer  10,000,000
Number of Offer Shares in Placing  90,000,000
Number of issued Shares upon Listing  400,000,000

Offer Size Adjustment Option (Upsize Option)
Number of additional Shares issued under the Offer Size
Adjustment Option
0*
- Public Offer -
- Placing -

*The Offer Size Adjustment Option has not been exercised.

Over-allocation
Number of Offer Shares over-allocated  0

Proceeds
Gross proceeds (Note)  HK$50.00 million
Less: Estimated Listing expenses payable based on
Final Offer Price
HK$(18.70) million
Net proceeds  HK$31.30 million

Note: Gross proceeds refers to the amount which the Co mpany is entitled to receive. For
details of the use of proceeds, please refer to the section headed “Future Plans and Use of


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Proceeds” in the Prospectus. Approximately HK$1.4 million of the Listing expenses has been
charged to the consolidated statements of profit or loss and other comprehensive income of
the Company during the Track Record Period.

ALLOTMENT RESULTS DETAILS

PUBLIC OFFER


Number of valid applications  168,066
Number of successful applications  2,000
Subscription level  11,464.72 times
Claw-back triggered  No
Number of Offer Shares initially available under the Public Offer  10,000,000
Number of Offer Shares reallocated from the Placing (claw-back) N/A
Final number of Offer Shares under the Public Offer  10,000,000
% of final number of Offer Shares under the Public Offer to the
Share Offer
10.00%

Note: For details of the final allocation of Shares to the Public Offer , investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.

PLACING


Number of placees  76
Subscription Level  1.20 times
Number of Offer Shares initially available under the Placing  90,000,000
Final number of Offer Shares under the Placing  90,000,000
% of final number of Offer Shares under the Placing to the Share
Offer
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, Controlling Shareholders, 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, Controlling Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective close
associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.


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LOCK-UP UNDERTAKINGS
Controlling Shareholders
 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
Last day subject
to the lock-up
undertakings
Ip Kam Yik (葉金弋)
Mini Universe Holdings
Limited Note 1
258,000,000 64.50% 9 April 2026 (First
Six-Month Period)
Note 2

9 October 2026
(Second Six-Month
Period) Note 3
Subtotal 258,000,000 64.50%
In accordance with the relevant GEM Listing Rules/guidance materials, the required lock-up for the first
six-month period ends on 9 April 2026 and for the second six-month period, on 9 October 2026.

Notes

1. The entire issued share capital of Mini Universe Holdings Limited is legally and beneficially owned by Mr. Ip Kam
Yik. As such, Mr. Ip Kam Yik and Mini Universe Holdings Limited are the Controlling Shareholders of the Company
under the GEM Listing Rules.

2. The Controlling Shareholder may dispose of or transfer Shares after the indicated date subject to that the
Controlling Shareholder will not cease to be a controlling shareholder (as such term is defined in the GEM Listing
Rules) of the Company or would together with the other Controlling Shareholders cease to be, or regarded as ,
controlling shareholders (as such term is defined in the GEM Listing Rules) of the Company. For further details,
please refer to the paragraphs headed “Underwriting – Undertakings to the Stock Exchange pursuant to the GEM
Listing Rules – Undertakings by our Controlling Shareholders” and “Underwriting – Undertakings pursuant to the
Public Offer Underwriting Agreement – Undertakings by our Controlling Shareholders” in the Prospectus.

3. The Controlling Shareholder will cease to be prohibited from disposing of or transferring Shares after the indicated
date. For further details, please refer to the paragraphs headed “ Underwriting – Undertakings to the Stock
Exchange pursuant to the GEM Listing Rules – Undertakings by our Controlling Shareholders” and “Underwriting
– Undertakings pursuant to the Public Offer Underwriting Agreement – U ndertakings by our Controlling
Shareholders” in the Prospectus.

Other Existing Shareholder
 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
Last day subject
to the lock-up
undertakings
Visionary Horizons
Holdings Limited
42,000,000 10.50% 9 April 2026 Note 1
Subtotal 42,000,000 10.50%

Note
1. The expiry date of the lock -up period shown in the table above is pursuant to the voluntary lock-up undertaking
entered into by Visionary Horizons Holdings Limited which has irrevocably undertaken to lock up all its Shares for
a period of 6 months commencing from the Listing Date. For further details, please refer to the paragraph headed
“Underwriting – Undertakings pursuant to the Public Offer Underwriting Agreement – Voluntary undertakings by
Visionary Horizons” in the Prospectus.


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PLACEE CONCENTRATION ANALYSIS

Placees * Number of Placing Shares allotted

Allotment as % of
 Placing
Allotment as % of total
Offer Shares
Number of Shares
held upon Listing

% of total issued share
capital upon Listing
Top 1  7,800,000  8.67% 7.80% 7,800,000 1.95%
Top 5 36,160,000 40.18% 36.16% 36,160,000 9.04%
Top 10 60,340,000 67.04% 60.34% 60,340,000 15.09%
Top 25 88,580,000 98.42% 88.58% 88,580,000 22.15%

Note:
* Ranking of placees is based on the number of Shares allotted to the placees.

SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders *
Number of Placing
Shares allotted
Number of Public Offer
Shares allotted
Total Number of Shares
allotted

Allotment as % of
Placing
Allotment as % of total
Offer Shares
Number of Shares
held upon Listing

% of total issued
share capital
upon Listing
Top 1  0  0 0 0.00% 0.00% 258,000,000  64.50%
Top 5 22,720,000 0 22,720,000 25.24% 22.72% 322,720,000 80.68%
Top 10 52,980,000 0 52,980,000 58.87% 52.98% 352,980,000 88.25%
Top 25 86,580,000 0 86,580,000 96.20% 86.58% 386,580,000 96.65%

Note:
* Ranking of Shareholders is based on the number of Shares held by the Shareholder upon Listing.


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BASIS OF ALLOCATION UNDER THE PUBLIC OFFER
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 168,066 valid
applications made by the public will be conditionally allocated on the basis set out below:
NUMBER OF
SHARES
APPLIED FOR
NUMBER OF
VALID
APPLICATIONS  BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE ALLOTTED
OF THE TOTAL NUMBER OF
SHARES APPLIED FOR
5,000 52,976 267 out of 52,976 to receive 5,000 Shares  0.50%
10,000 11,704 62 out of 11,704 to receive 5,000 Shares  0.26%
15,000 34,242 186 out of 34,242 to receive 5,000 Shares  0.18%
20,000 4,599 26 out of 4,599 to receive 5,000 Shares  0.14%
25,000 3,846 23 out of 3,846 to receive 5,000 Shares  0.12%
30,000 3,094 19 out of 3,094 to receive 5,000 Shares  0.10%
35,000 2,029 13 out of 2,029 to receive 5,000 Shares  0.09%
40,000 1,850 12 out of 1,850 to receive 5,000 Shares  0.08%
45,000 1,421 10 out of 1,421 to receive 5,000 Shares  0.08%
50,000 6,909 51 out of 6,909 to receive 5,000 Shares  0.07%
60,000 1,865 14 out of 1,865 to receive 5,000 Shares  0.06%
70,000 3,308 27 out of 3,308 to receive 5,000 Shares  0.06%
80,000 1,341 11 out of 1,341 to receive 5,000 Shares  0.05%
90,000 951 8 out of 951 to receive 5,000 Shares  0.05%
100,000 4,377 37 out of 4,377 to receive 5,000 Shares  0.04%
150,000 2,906 25 out of 2,906 to receive 5,000 Shares  0.03%
200,000 2,302 20 out of 2,302 to receive 5,000 Shares  0.02%
250,000 1,465 14 out of 1,465 to receive 5,000 Shares  0.02%
300,000 1,345 13 out of 1,345 to receive 5,000 Shares  0.02%
350,000 928 10 out of 928 to receive 5,000 Shares  0.02%
400,000 828 9 out of 828 to receive 5,000 Shares  0.01%
450,000 710 8 out of 710 to receive 5,000 Shares  0.01%
500,000 1,778 21 out of 1,778 to receive 5,000 Shares  0.01%
600,000 918 11 out of 918 to receive 5,000 Shares  0.01%
700,000 807 10 out of 807 to receive 5,000 Shares  0.01%
800,000 701 9 out of 701 to receive 5,000 Shares  0.01%
900,000 518 7 out of 518 to receive 5,000 Shares  0.01%
1,000,000 2,079 29 out of 2,079 to receive 5,000 Shares  0.01%
1,500,000 1,530 23 out of 1,530 to receive 5,000 Shares  0.01%
2,000,000 1,168 24 out of 1,168 to receive 5,000 Shares  0.01%
2,500,000 892 23 out of 892 to receive 5,000 Shares  0.01%
3,000,000 833 25 out of 833 to receive 5,000 Shares  0.01%
3,500,000 627 22 out of 627 to receive 5,000 Shares  0.01%
4,000,000 482 20 out of 482 to receive 5,000 Shares  0.01%
4,500,000 525 24 out of 525 to receive 5,000 Shares  0.01%
5,000,000 851 43 out of 851 to receive 5,000 Shares  0.01%
6,000,000 587 36 out of 587 to receive 5,000 Shares  0.01%
7,000,000 1,207 85 out of 1,207 to receive 5,000 Shares  0.01%
8,000,000 1,497 120 out of 1,497 to receive 5,000 Shares  0.01%
9,000,000 557 51 out of 557 to receive 5,000 Shares  0.01%
10,000,000 5,513 552 out of 5,513 to receive 5,000 Shares  0.01%
Total 168,066 Total number of successful applicants:  2,000


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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 inquiri es.

COMPLIANCE WITH GEM LISTING RULES AND GUIDANCE

The Directors confirm that, except for the GEM Listing Rules that have been waived and/or in respect
of which consent has been obtained,  the Company has complied with the GEM 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, no rebate has been, directly or indirectly,
provided by the Company, its  C ontrolling Shareholders, Directors or syndicate members to any
placees or the public (as the case may be) and the consideration payable by them for each Offer
Share subscribed for or purchased by them was the same as the final Offer Price determined by the
Company, in addition to any brokerage, AFRC transaction levy, SFC transaction levy and trading fee
payable.

OTHERS / ADDITIONAL INFORMATION

Reallocation

The reallocation procedure as disclosed in the paragraph headed “Structure and Conditions of the
Share Offer – The Public Offer – Reallocation” in the Prospectus has not been applied.

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 const itute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The securities
mentioned herein have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the “ U.S. Securities Act ”). The securities may not be offered or sold
in the United States except pursuant to an exemption from the registration requirements of the
U.S. Securities Act and in compliance with any applicable state securities laws, or outside the
United States unles s 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 outside the United States in offshore transactions
in reliance  on Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated 30 September 2025 issued by GOLDEN
LEAF INTERNATIONAL GROUP LIMITED  for detailed information about the Share Offer
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 Joint Overall Coordinator s (for
themselves  and on behalf of the Public Offer Underwriters) shall be entitled to terminate their
obligations under the Public Offer  Underwriting Agreement with immediate effect upon the
occurrence of any of the events set out in the paragraph headed “Underwriting – Underwriting
arrangements and expenses – The Public Offer – Grounds for termination ” in the Prospectus
at any time at or prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently
expected to be on 10 October 2025).


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PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Share Offer, 100,000,000 Shares, representing 25%
of the issued share capital of the Company will be held in the public hands. Therefore, the
number of Shares in the public hands represents no less than 25% of the total issued share
capital of the Company, satisfying the minimum percentage prescribed by Rule 11.23(7) of
the GEM Listing Rules.
Based on the final Offer Price of HK$0.50 per Share, the Company satisfies the free float
requirement under Rule 11.23A of the GEM Listing Rules.
The Directors confirm that, immediately following the completion of the Share Offer, (i)
the three largest public Shareholders do not hold more than 50% of the Shares in public
hands at the time of Listing in compliance with Rule 11.23(8) of the GEM Listing Rules;
(ii) there will not be any new substantial Shareholder (as defined in the GEM Listing Rules)
of the Company; and (iii) there will be at least 100 Shareholders at the time of Listing in
compliance with Rule 11.23(2)(b) of the GEM Listing Rules.
COMMENCEMENT OF DEALINGS
Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, 10 October
2025 (Hong Kong time), provided that the Share Offer has become unconditional and the
right of termination described in the paragraph headed “Underwriting — Underwriting
arrangements and expenses — The Public Offer — Grounds for termination” in the
Prospectus has not been exercised. Investors who trade the Shares prior to the receipt of
Share certificates or prior to the Share certificates becoming valid evidence of title do so
entirely at their own risk.
Assuming that the Share Offer becomes unconditional at or before 8:00 a.m. on Friday,
10 October 2025 (Hong Kong time), it is expected that dealings in the Shares on the Stock
Exchange will commence at 9:00 a.m. on Friday, 10 October 2025 (Hong Kong time). The
Shares will be traded in board lots of 5,000 Shares each, and the stock code of the Shares
will be 8549.
By order of the Board
GOLDEN LEAF INTERNATIONAL GROUP LIMITED
Ip Kam Yik
Chairman and Executive Director
Hong Kong, 9 October 2025
As at the date of this announcement, the executive Directors are Mr. Ip Kam Yik, Mr. Lui Kwok Kit and Ms. Ip
Tsz Kwan; and the independent non-executive Directors are Mr. Wong Chun Kat, Mr. Lin Wai Chong and Mr.
Cheung Kwong Tat.
This announcement is available for viewing on the website of the Company at www.glint.com.hk  and the
website of the Stock Exchange at www.hkexnews.hk.