hk-ipo/data/extracted_text/06106/allotment_results_2026-06-23_2026062302143.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, capitalized terms used herein shall have the same meanings
as those defined in the prospectus dated June 15, 2026 (the “Prospectus”) issued by Shanghai Seer
Intelligent Technology Co., Ltd. (ʮ̡) (the “Company”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire,
purchase or subscribe for securities. Potential investors should read the Prospectus for detailed information
about the Company and the Global Offering described below before deciding whether or not to invest in the
Offer Shares.
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 or in any other jurisdictions. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of 1933 as amended from time to time
(the “U.S. Securities Act”) or securities law of any state or other jurisdiction of the United States and may
not be offered, sold, pledged or otherwise transferred within the United States except in transactions exempt
from, or not subject to, the registration requirements of 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.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities
Limited, as stabilizing manager (the “ Stabilizing Manager”), or any person acting for it, on behalf of the
Underwriters, may over-allocate or effect transactions with a view to stabilizing or supporting the market
price of the Shares at a level higher than that which might otherwise prevail for a limited period after the
Listing Date. However, there is no obligation on the Stabilizing Manager, or any person acting for it to
conduct any such stabilizing action, which, if commenced, will be done at the sole and absolute discretion
of the Stabilizing Manager, or any person acting for it, and may be discontinued at any time. Any such
stabilizing action is required to be brought to an end on the 30th day after the last day for the lodging of
applications under the Hong Kong Public Offering. Such stabilizing action, if taken, may be effected in all
jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and
regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of
the Laws of Hong Kong), as amended, made under the Securities and Futures Ordinance (Chapter 571 of the
Laws of Hong Kong).
Potential investors should be aware that no stabilizing action can be taken to support the price of the Shares
for longer than the stabilization period, which begins on the Listing Date and is expected to expire on the
30th day after the last day for lodging applications under the Hong Kong Public Offering. After this date,
when no further stabilizing action may be taken, demand for the Shares, and therefore the price of the Shares,
could fall.
Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinator (for itself 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 section
headed “Underwriting — Underwriting Arrangements and Expenses — The 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.


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Shanghai Seer Intelligent Technology Co., Ltd.
ʮ̡
(A joint stock company established in the People’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares
under the Global Offering
: 10,497,300 H Shares (subject to the
Over-allotment Option)
Number of Hong Kong Offer Shares : 2,099,500 H Shares (as adjusted after
reallocation)
Number of International Offer Shares : 8,397,800 H Shares (as adjusted after
allocation and subject to the Over-
allotment Option)
Offer Price : HK$101.60 per H Share, plus brokerage
of 1.0%, AFRC transaction levy of
0.00015%, SFC transaction levy of
0.0027% and Stock Exchange trading
fee of 0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 06106
Sole Sponsor, Sponsor-Overall Coordinator, Overall Coordinators,
Joint Global Coordinators, Bookrunners and Joint Lead Managers
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and
Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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Shanghai Seer Intelligent Technology Co., Ltd.
ʮ̡
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the
same meanings as those defined in the prospectus dated June 15, 2026 (the “Prospectus”)
issued by Shanghai Seer Intelligent Technology Co., Ltd. (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 H Shares could move substantially even with a small number of H Shares traded
and should exercise extreme caution when dealing in the H Shares.
SUMMARY
Company information
Stock code 06106
Stock short name SEER TECH
Dealings commencement date June 24, 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$101.60
Offer Price Range N/A
Offer Price Adjustment exercised N/A


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Offer Shares and Share Capital
Number of Offer Shares (before exercise of the Over-
allotment Option)
10,497,300
Number of Offer Shares in Hong Kong Public
Offering (after reallocation)
2,099,500
Number of Offer Shares in International Offering
(after reallocation and before exercise of the Over-
allotment Option)
8,397,800
Number of issued Shares upon Listing (before
exercise of the Over-allotment Option)
110,497,300
Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option 0*
— Hong Kong Public Offering —
— International Offering —
* The Offer Size Adjustment Option has not been exercised.
Over-allocation
No. of Offer Shares over-allocated 1,574,550
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.


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Proceeds
Gross proceeds (Note) HK$1,066.5 million
Less: Estimated listing expenses payable based on
Final Offer Price
HK$(71.2) million
Net proceeds HK$995.4 million
Note: 1. Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of
the use of proceeds, please refer to the section headed “Future Plans and Use of Proceeds” of
the Prospectus. The Company will adjust the allocation of the net proceeds from the exercise
of the Over-allotment Option (if any) for the purposes as set out in the section headed “Future
Plans and Use of Proceeds” of the Prospectus on a pro rata basis.
 2. The discrepancy in the table between total and sums of amounts listed therein is due to
rounding.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 222,966
No. of successful applications 38,687
Subscription level 5,934.56 times
Claw-back triggered Yes
No. of Offer Shares initially available under the
Hong Kong Public Offering
524,900
No. of Offer Shares reallocated from the
International Offering (claw-back)
1,574,600
Final no. of Offer Shares under the Hong Kong
Public Offering (after reallocation)
2,099,500
% of Offer Shares under the Hong Kong Public
Offering to the Global Offering (before the exercise
of the Over-allotment Option)
20.00%
Note: For details of the final allocation of Shares to the Hong Kong Public Offering, 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.


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INTERNATIONAL OFFERING
No. of placees 134
Subscription Level 21.29 times
No. of Offer Shares initially available under the
International Offering
9,972,400
Final no. of Offer Shares under the International
Offering (after reallocation and before the exercise
of the Over-allotment Option)
8,397,800
% of Offer Shares under the International Offering
to the Global Offering before the exercise of the
Over-allotment Option
80.00%
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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Cornerstone Investors
Name Note 1
No. of
Offer Shares
allocated
Approximate
% of
the Offer
Shares Note 2
Approximate %
of total issued
share capital
after the Global
Offering Note 3
Existing
shareholders
or their close
associates
HHLR Advisors, Ltd. (“HHLRA”) 1,156,650 11.02% 1.05% No
Yuanbao Family Office Limited
(“Yuanbao Family Office (፬)”) 1,156,650 11.02% 1.05% No
3W Fund Management Limited (“3W Fund”) 771,100 7.35% 0.70% No
GF Fund Management Co., Ltd.
(ʮ̡) (“GF Fund Management”)
and GF International Investment Management Limited
(ʮ̡) (“GF Fund HK”,
together with GF Fund Management, “GF Fund”) 462,650 4.41% 0.42% No
Ruihua (International) Investment Limited
(๿ശ(਷ყ)ʮ̡) (“Ruihua Investment”) 385,550 3.67% 0.35% No
Zhonghe Capital (through GF Securities Asset Management
(Guangdong) Co., Ltd (“GF Securities AM”) as the
qualified domestic institutional investor)3 231,300 2.20% 0.21% No
Yishao Capital Management (HK) Limited
(“Yishao Capital”) 231,300 2.20% 0.21% No
Nova Kerry Inc. 154,200 1.47% 0.14% No
Subtotal 4,549,400 43.34% 4.12%
Notes:
1. For further details of the cornerstone investors, please refer to the section headed “Cornerstone Investors” of the Prospectus.
2. Assuming the Over-allotment Option is not exercised.
3. Splendid Zhonghe (Tianjin) Investment Management Co., Ltd. (ᎀᔐʕձ(ݵ)ʮ̡ ) (“Splendid Zhonghe Investment”) has entered into Cornerstone
Investment Agreement with the Company. Splendid Zhonghe Investment is a limited liability company incorporated in China on January 17, 2017. It is a wholly-owned
subsidiary of Splendid Zhonghe (Beijing) Capital Co., Ltd. ( ᎀᔐʕձ (̏ԯ )ʮ̡ ) (“Zhonghe Capital ”). Since the date of the prospectus, Zhonghe
Capital has finalized its subscription arrangements. Splendid Zhonghe Investment has engaged GF Securities AM, an asset manager that is a qualified domestic
institutional investor as approved by the relevant PRC authority, to subscribe for and hold such Offer Shares on a non-discretionary basis on behalf of Zhonghe
Capital, in the name of: (1) CIB-GFAM CHINA HK STOCKS MULTISTRATEGY AMA NO.7 (εʩഄଫ 7ྌ (QDII))) and (ii) SPDB
— GF SECURITIES ASSET MANAGEMENT (GUANGDONG) CO.,LTD. CHKMS AMA NO.12 (εʩഄଫ 12ྌ  (QDII)).


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Allottees with Waivers/Consents Obtained
Investor
No. of Offer
Shares
allocated
% of Offer
Shares Note 1
% of total
issued
H-shares after
the Global
Offering upon
listing Note 1
% of
shareholding
in the
Company upon
listing Note 1 Relationship
Allottees with consent under paragraph 1C(1) of the Appendix F1 to the Listing Rules (the “Placing Guidelines”) and Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations to connected clients
CICC Financial Trading Limited (“CICC FT”)
(in connection with Hangzhou Zheshi OTC
Swaps)
430,700 4.10% 0.39% 0.39% Connected client
CICC FT (in connection with Aochuang
Hangzhou OTC Swaps)
501,200 4.77% 0.45% 0.45% Connected client
CICC FT (in connection with Tibet Longrising
OTC Swaps)
3,700 0.04% 0.0033% 0.0033% Connected client
CICC FT (in connection with Shanghai Tongyi
OTC Swaps)
400 0.0038% 0.0036% 0.0036% Connected client
China Asset Management (Hong Kong) Limited
(“China AM”)
1,600 0.02% 0.0014% 0.0014% Connected client
China Universal Asset Management (Hong Kong)
Company Limited (“China UAM”)
7,700 0.07% 0.01% 0.01% Connected client
Fullgoal Asset Management (HK) Limited
(“Fullgoal AMHK”)
270,450 2.58% 0.24% 0.24% Connected client
Fullgoal Fund Management Company Limited
(“Fullgoal Fund”)
115,100 1.10% 0.10% 0.10% Connected client
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations to connected clients, please refer to the section headed “Allottees with waivers/consents obtained — International
Offering — Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing
Applicants in relation to allocations to connected clients” of this announcement.


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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 total issued
Shares after the
Global Offering
subject to lock-up
undertakings upon
listing Note 1
Last day subject
to the lock-up
undertakings Note 2
Mr. Zhao Yue (“Mr. Zhao”) 17,050,617 15.43% June 24, 2027
Shanghai Xianyi Enterprise Management Partnership
(Limited Partnership) (ɪऎ̀ɓΆุ၍ଣΥྫΆุ(ࠢ
Υྫ)) (“ Shanghai Xianyi”)
15,461,117 13.99% June 24, 2027
Shanghai Xiansan Enterprise Management Partnership
(Limited Partnership) (ɪऎ̀ɧΆุ၍ଣΥྫΆุ(ࠢ
Υྫ)) (“Shanghai Xiansan”)
7,960,265 7.20% June 24, 2027
Shanghai Xianwu Enterprise Management Partnership
(Limited Partnership) (ɪऎ̀ʞΆุ၍ଣΥྫΆุ(ࠢ
Υྫ)) (“Shanghai Xianwu”)
4,823,140 4.36% June 24, 2027
Shanghai Xianliu Enterprise Management Partnership
(Limited Partnership) (ɪऎ̀ʬΆุ၍ଣΥྫΆุ(ࠢ
Υྫ)) (“Shanghai Xianliu”)
3,324,871 3.01% June 24, 2027
Shanghai Xianqi Enterprise Management Partnership
(Limited Partnership) (ɪऎ̀ɖΆุ၍ଣΥྫΆุ(ࠢ
Υྫ)) (“Shanghai Xianqi”)
4,265,688 3.86% June 24, 2027
Subtotal 52,885,698 47.86%
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. The expiry date of the lock-up period shown in the table above is pursuant to applicable PRC laws and relevant lock-up undertakings as
disclosed in the Prospectus.


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Key Persons (as defined under Rule 18C.14 of the Listing Rules)
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon listing
% of total issued
Shares after the
Global Offering
subject to lock-
up undertakings
upon listing Note 1
Last day subject
to the lock-up
undertakings
Note 2
Mr. Zhao 17,050,617 15.43% June 24, 2027
Shanghai Xianyi 15,461,117 13.99% June 24, 2027
Shanghai Xiansan 7,960,265 7.20% June 24, 2027
Shanghai Xianwu 4,823,140 4.36% June 24, 2027
Shanghai Xianliu 3,324,871 3.01% June 24, 2027
Shanghai Xianqi 4,265,688 3.86% June 24, 2027
Subtotal 52,885,698 47.86%
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. Each of such core R&D members of the Company and/or Directors has undertaken that the partnership interests held by
him/her in these partnerships are subject to a lock-up period of 12 months after the Listing Date (the “Partnership Lock-up
Period”) pursuant to Rule 18C.14 of the Listing Rules.
3. The Company determined the key personnel, namely Mr. Zhao, Mr. Wang Qun, Mr. Ye Yangsheng, Dr. Huang Qiangsheng and
Dr. Zhang Tengyu, based on their roles and expertise in leading the development of our core technologies in relation to the
Specialist Technology Products and their seniority within the R&D department of the Company. These key personnel play
critical roles in driving the Company’s product innovation and overall business development. Please refer to section headed
“Business — Research and Development — R&D Team and Core Members” in the Prospectus for further details of their
biographies. The key personnel directly or indirectly hold the Shares through Shanghai Xianyi, Shanghai Xiansan, Shanghai
Xianwu, Shanghai Xianliu, Shanghai Xianqi, Suzhou Xianwu No. 1 and Suzhou Xianwu No. 2, and all the respective ultimate
beneficial interests in these platforms held by the key personnel shall be subject to disposal restrictions pursuant to Rules
18C.14 of the Listing Rules at the time of the Listing.


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Pathfinder SIIs
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon listing
% of total issued
Shares after the
Global Offering
subject to lock-
up undertakings
upon listing Note 1
Last day subject
to the lock-up
undertakings
Note 2
Zhuhai Yinshan Modern Logistics Industry Equity
Investment Fund (Limited Partnership) (मऎ
ږ(Υྫ))
(“Zhuhai Yinshan”) 14,249,432 12.90% June 24, 2027
Ecovacs (Hainan) Investment Co., Ltd. (Ӝ౶
(ی)ʮ̡) (“Ecovacs Investment
Hainan”) 6,446,709 5.83% June 24, 2027
Nanjing SAIF Equity Investment Fund (L.P.) (ԯ
ږ(Υྫ)) (“Nanjing SAIF”) 2,327,951 2.11% June 24, 2027
Hangzhou Fuyang SAIF Yi’an Equity Investment
Partnership (Limited Partnership) (ψబජᒄ
ᛆҳ༟ΥྫΆุ(Υྫ)) (“SAIF
Yi’an”) 1,306,751 1.18% June 24, 2027
Nanjing SAIF Yulin Equity Investment Partnership
Enterprise (Limited Partnership) (ٰ؍ڠ
ᛆҳ༟ΥྫΆุ(Υྫ)) (“SAIF Yulin”) 390,078 0.35% June 24, 2027
Jiaxing Tengyuan Investment Partnership (Limited
Partnership) (ྗጳᙜʩҳ༟ΥྫΆุ(Υྫ))
(“Jiaxing Tengyuan”) 234,042 0.21% June 24, 2027
Subtotal 24,954,963 22.58%
Notes:
1. Each of the Shareholders listed in the above table is a pathfinder SII of the Company as defined under Chapter 2.5 of the
Guide for New Listing Applicants. Please refer to the section headed “History, Development and Corporate Structure —
Capitalization of the Company” in the Prospectus for further details.
2. All Pathfinder SIIs shall not dispose of any of the Shares held by them within the 12 months following the Listing Date as
required under the applicable PRC laws and relevant lock-up undertakings as disclosed in the Prospectus. In accordance
with Rule 18C.14(2) of the Listing Rules, the required lock-up period commences on the date by reference to which disclosure
of its shareholding is made in the Prospectus and ends on the date which is six months from the Listing Date. In addition to
the lock-up requirement under Rule 18C.14(2) of the Listing Rules, all existing Shareholders shall not dispose of any of the
Shares held by them within the 12 months following the Listing Date, i.e. June 24, 2026, as required under the applicable
PRC laws.


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Other Pre-IPO Investors
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon listing
% of total issued
Shares after the
Global Offering
subject to lock-
up undertakings
upon listing Note 1
Last day subject
to the lock-up
undertakings
Note 2
Ningbo Meishan Bonded Port Area Huilidaoqin
Investment Management Center (Limited
Partnership) (೼ಥਜිл༸ාҳ༟၍
ଣʕː(Υྫ)) (“Ningbo Huilidaoqin”) 9,654,483 8.74% June 24, 2027
Tianjin Dehui Investment Management Partnership
(Limited Partnership) (ᅃሾҳ༟၍ଣΥྫΆ
ุ(Υྫ)) (“Tianjin Dehui”) 5,349,599 4.84% June 24, 2027
Hangzhou Yuanqiao Zhixing Venture Capital
Partnership Enterprise (Limited Partnership) (؄
ψჃ዗౽Б௴ุҳ༟ΥྫΆุ(Υྫ) )
(“Hangzhou Yuanqiao”) 4,455,980 4.03% June 24, 2027
Hangzhou Xiaoshan Haolan Equity Investment
Fund Partnership Enterprise (Limited Partnership)
ΥྫΆุ(Υྫ)
(“Hangzhou Haolan”) 1,170,225 1.06% June 24, 2027
Wuxi Liangxi Science and Technology City
Hongtai Xinzhi Investment Partnership Enterprise
(Limited Partnership) (ݳ۬
इอ౽ҳ༟ΥྫΆุ(Υྫ)) (“ Hongtai
Investment”) 1,529,052 1.38% June 24, 2027
Subtotal 22,159,339 20.05%
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. The expiry date of the lock-up period shown in the table above is pursuant to applicable PRC laws.


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Cornerstone Investors
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon listing
% of total issued
Shares after the
Global Offering
subject to lock-
up undertakings
upon listing Note 1
Last day subject
to the lock-up
undertakings
Note 2
HHLRA 1,156,650 1.05% December 24, 2026
Yuanbao Family Office (፬) 1,156,650 1.05% December 24, 2026
3W Fund 771,100 0.70% December 24, 2026
GF Fund 462,650 0.42% December 24, 2026
Ruihua Investment 385,550 0.35% December 24, 2026
Zhonghe Capital (through GF Securities AM as the
qualified domestic institutional investor) 231,300 0.21% December 24, 2026
Yishao Capital 231,300 0.21% December 24, 2026
Nova Kerry Inc. 154,200 0.14% December 24, 2026
Subtotal 4,549,400 4.12%
Notes:
1. Assuming the Over-allotment Option is not exercised.
2. In accordance with the relevant cornerstone investment agreements, the required lock-up ends on December 24, 2026. The
Cornerstone Investors will cease to be prohibited from disposing of or transferring H Shares subscribed for pursuant to the
relevant cornerstone investment agreements after the indicated date.


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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 fully
exercised)
Allotment as
% of total
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Allotment as
% of total
Offer Shares
(assuming the
Over-allotment
Option is fully
exercised)
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 fully
exercised)
Top 1 1,156,650 13.7733 11.5986 11.0185 9.5814 1,156,650 1.0468 1.0321
Top 5 4,124,250 49.1112 41.3569 39.2886 34.1642 4,124,250 3.7325 3.68
Top 10 6,129,100 67.0166 56.4351 53.6125 46.6201 6,129,100 5.0932 5.0216
Top 25 9,136,350 102.8265 86.591 82.2603 71.5313 9,136,350 7.8151 7.7049
Note
* Ranking of placees is based on the number of H Shares allotted to the placees.


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H SHAREHOLDER 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 fully
exercised)
Allotment as
% of total
Offer Shares
(assuming
no exercise
of the Over-
allotment
Option)
Allotment as
% of total
Offer Shares
(assuming
the Over-
allotment
Option
is fully
exercised)
Number of
H 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 fully
exercised)
Top 1 0 N/A N/A 0.0000 0.0000 17,050,617 15.4308 15.2140
Top 5 0 N/A N/A 0.0000 0.0000 64,375,914 58.2601 57.4416
Top 10 0 N/A N/A 0.0000 0.0000 89,717,030 81.1938 80.0531
Top 25 6,399,550 76.2053 64.1730 60.9635 53.0123 106,399,550 94.9385 94.0412
Note
* Ranking of H Shareholders is based on the number of H Shares (of all classes) held by the H
Shareholders upon Listing.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 38,687 valid
applications made by the public will be conditionally allocated on the basis set out below:
NO. OF
H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOCATION/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL A
50 70,566 3,528 out of 70,566 to receive 50 Shares 5.00%
100 10,449 627 out of 10,449 to receive 50 Shares 3.00%
150 5,530 373 out of 5,530 to receive 50 Shares 2.25%
200 4,371 314 out of 4,371 to receive 50 Shares 1.80%
250 3,763 287 out of 3,763 to receive 50 Shares 1.53%
300 3,298 264 out of 3,298 to receive 50 Shares 1.33%
350 3,045 254 out of 3,045 to receive 50 Shares 1.19%
400 2,617 226 out of 2,617 to receive 50 Shares 1.08%
450 14,742 1,312 out of 14,742 to receive 50 Shares 0.99%
500 7,310 669 out of 7,310 to receive 50 Shares 0.92%
600 3,410 327 out of 3,410 to receive 50 Shares 0.80%
700 2,370 237 out of 2,370 to receive 50 Shares 0.71%
800 1,765 183 out of 1,765 to receive 50 Shares 0.65%
900 3,854 411 out of 3,854 to receive 50 Shares 0.59%
1,000 6,394 701 out of 6,394 to receive 50 Shares 0.55%
1,500 4,303 525 out of 4,303 to receive 50 Shares 0.41%
2,000 3,327 438 out of 3,327 to receive 50 Shares 0.33%
2,500 2,527 352 out of 2,527 to receive 50 Shares 0.28%
3,000 2,395 350 out of 2,395 to receive 50 Shares 0.24%
3,500 1,832 279 out of 1,832 to receive 50 Shares 0.22%
4,000 1,780 281 out of 1,780 to receive 50 Shares 0.20%
4,500 1,450 236 out of 1,450 to receive 50 Shares 0.18%
5,000 3,436 575 out of 3,436 to receive 50 Shares 0.17%
6,000 2,496 438 out of 2,496 to receive 50 Shares 0.15%
7,000 3,053 558 out of 3,053 to receive 50 Shares 0.13%
8,000 1,672 316 out of 1,672 to receive 50 Shares 0.12%
9,000 1,424 278 out of 1,424 to receive 50 Shares 0.11%
10,000 8,958 1,797 out of 8,958 to receive 50 Shares 0.10%
20,000 6,846 1,648 out of 6,846 to receive 50 Shares 0.06%
30,000 4,268 1,143 out of 4,268 to receive 50 Shares 0.04%
40,000 7,179 2,068 out of 7,179 to receive 50 Shares 0.04%
Total 200,430 Total number of Pool A successful applicants: 20,995


--- page 17 ---
– 17 –
NO. OF
H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOCATION/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL B
50,000 7,560 4,443 out of 7,560 to receive 50 Shares 0.06%
60,000 2,376 1,583 out of 2,376 to receive 50 Shares 0.06%
70,000 2,373 1,759 out of 2,373 to receive 50 Shares 0.05%
80,000 1,249 1,015 out of 1,249 to receive 50 Shares 0.05%
90,000 725 639 out of 725 to receive 50 Shares 0.05%
100,000 2,713 50 Shares 0.05%
150,000 1,599 50 Shares plus 406 out of 1,599 to receive additional 50 Shares 0.04%
200,000 1,376 50 Shares plus 729 out of 1,376 to receive additional 50 Shares 0.04%
262,450 2,565 50 Shares plus 2,168 out of 2,565 to receive additional 50
Shares
0.04%

Total: 22,536 Total number of Pool B successful applicants: 17,692
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 H 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 Stock Exchange trading fee
payable.
The Directors and the Overall Coordinators confirm that at least 50% of the total number of
the Offer Shares (excluding any Shares issued and/or to be issued pursuant to the exercise
of any offer Size Adjustment Option and/or Over-allotment Option) have been allocated to
and taken up by independent price setting investors in compliance with Rule 18C.08 of the
Listing Rules.


--- page 18 ---
– 18 –
The Directors further confirm that at least 20% of the issued share capital of the Company
will be held by sophisticated independent investors at the time of Listing in compliance with
Chapter 2.5 of the Guide for New Listing Applicants.
OTHERS/ADDITIONAL INFORMATION
Reallocation
As (i) the Hong Kong Public Offering is oversubscribed by more than 50 times and (ii) the
reallocation pursuant to Paragraph 4.2 of Practice Note 18 of the Listing Rules (as modified
by Rule 18C.09 of the Listing Rules) as described in the section headed “Structure of the
Global Offering — The Hong Kong Public Offering — Reallocation” of the Prospectus
is exercised, the clawback arrangement is triggered and Offer Shares were reallocated to
the Hong Kong Public Offering from the International Offering, so that the total number
of Offer Shares available under the Hong Kong Public Offering is 2,099,500 Offer Shares,
representing 20% of the Offer Shares initially available under the Global Offering.
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing
Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of
their connected distributors pursuant to the Placing Guidelines. Please refer to the section
headed “Allotment Results Details — International Offering — Allottees with Waivers/
Consents Obtained” in this announcement for details. The Company has applied to the Stock
Exchange for, and the Stock Exchange has granted, a consent under paragraph 1C(1) of the
Placing Guidelines to permit the Company to allocate such Offer Shares in the International
Offering to the connected clients. The allocation of Offer Shares to such connected clients
is in compliance with all the conditions under the consent granted by the Stock Exchange.
Details of the placement to connected clients are set out below.


--- page 19 ---
– 19 –
No.
Connected
distributor Connected client
Relationship with
the connected
distributor
Whether the
connected
clients will hold
the beneficial
interests of the
Offer Shares on a
non-discretionary
basis or
discretionary
basis for
independent third
parties
Whether the
connected client
is a collective
investment
scheme which is
not authorised
by the SFC or is
expected to hold
the Offer Shares
on behalf of such
scheme
Number of
Offer Shares
allocated to
the connected
client
Approximate
percentage of
total number of
 Offer Shares
(assuming
the Over-
allotment
Option is not
exercised)
Approximate
percentage of
total Shares
in issue
immediately
following the
completion of
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
1. China International
Capital
Corporation
Hong Kong
Securities
Limited
(“CICCHKS”)
CICC FT
(in connection
with Hangzhou
Zheshi OTC
Swaps)1
CICC FT is a
member of the
same group of
CICCHKS
Non-discretionary
basis
No 430,700 4.10% 0.39%
CICC FT (in
connection
with Aochuang
Hangzhou OTC
Swaps)2
CICC FT is a
member of the
same group of
CICCHKS
Non-discretionary
basis
No 501,200 4.77% 0.45%
CICC FT (in
connection with
Tibet Longrising
OTC Swaps)3
CICC FT is a
member of the
same group of
CICCHKS
Non-discretionary
basis
No 3,700 0.04% 0.0033%
CICC FT (in
connection with
Shanghai Tongyi
OTC Swaps)4
CICC FT is a
member of the
same group of
CICCHKS
Non-discretionary
basis
No 400 0.0038% 0.0036%

Sub Total 936,000 8.92% 0.85%


--- page 20 ---
– 20 –
No.
Connected
distributor Connected client
Relationship with
the connected
distributor
Whether the
connected
clients will hold
the beneficial
interests of the
Offer Shares on a
non-discretionary
basis or
discretionary
basis for
independent third
parties
Whether the
connected client
is a collective
investment
scheme which is
not authorised
by the SFC or is
expected to hold
the Offer Shares
on behalf of such
scheme
Number of
Offer Shares
allocated to
the connected
client
Approximate
percentage of
total number of
 Offer Shares
(assuming
the Over-
allotment
Option is not
exercised)
Approximate
percentage of
total Shares
in issue
immediately
following the
completion of
Global Offering
(assuming the
Over-allotment
Option is not
exercised)
1. CITIC Securities
Brokerage (HK)
Limited (“CSB”)
China Asset
Management
(Hong Kong)
Limited
(“China AM”)
China AM is a
member of the
same group of
companies as
CSB
Discretionary basis No 1,600 0.02% 0.0014%
2. Orient Securities
(Hong Kong)
Limited
(“Orient”)
China Universal
Asset
Management
(Hong Kong)
Company
Limited (“China
UAM”)
China UAM is a
member of the
same group of
companies as
Orient
Discretionary basis No 7,700 0.07% 0.01%
3. Haitong
International
Securities
Company
Limited (“HTI”)
Fullgoal Asset
Management
(HK) Limited
(“Fullgoal
AMHK”)
Fullgoal AMHK is
a member of the
same group of
the companies
as HTI
Discretionary basis No 270,450 2.58% 0.24%
Fullgoal Fund
Management
Company
Limited
(“Fullgoal
Fund”)
Fullgoal Fund is a
member of the
same group of
the companies
as HTI
Discretionary basis No 115,100 1.10% 0.10%
Sub Total 394,850 3.76% 0.36%
Total 1,330,850 12.68% 1.20%


--- page 21 ---
– 21 –
Notes:
1. CICC Financial Trading Limited (“CICC FT”) is a wholly-owned subsidiary of China International
Capital Corporation Limited, of which its shares are listed on the Shanghai Stock Exchange (stock
code: 601995) and the Stock Exchange (stock code: 3908). CICC FT and China International
Capital Corporation Limited will enter into a series of cross border delta-one OTC swap transactions
(collectively, the “Hangzhou Zheshi OTC Swaps”) with each other and the ultimate clients (the “CICC
FT Ultimate Clients (Hangzhou Zheshi)”), pursuant to which CICC FT will hold the Offer Shares
on a non-discretionary basis to hedge the Hangzhou Zheshi OTC Swaps while the economic risks and
returns of the underlying Offer Shares are passed to the CICC FT Ultimate Clients (Hangzhou Zheshi),
subject to customary fees and commissions. The Hangzhou Zheshi OTC Swaps will be fully funded
by the CICC FT Ultimate Clients (Hangzhou Zheshi). During the terms of the Hangzhou Zheshi OTC
Swaps, all economic returns of the Offer Shares subscribed by CICC FT will be passed to the CICC
FT Ultimate Clients (Hangzhou Zheshi) and all economic loss shall be borne by the CICC FT Ultimate
Clients (Hangzhou Zheshi) through the Hangzhou Zheshi OTC Swaps, and CICC FT will not take part
in any economic return or bear any economic loss in relation to the Offer Shares.
 The Hangzhou Zheshi OTC Swaps are linked to the Offer Shares and the CICC FT Ultimate Clients
(Hangzhou Zheshi) may request CICC FT to redeem it at their own discretions, upon which CICC FT
may dispose of the Offer Shares and settle the Hangzhou Zheshi OTC Swaps in cash in accordance
with the terms and conditions of the OTC Swaps. Despite that CICC FT will hold the legal title of the
Offer Shares by itself, it will not exercise the voting rights attaching to the relevant Offer Shares during
the terms of the Hangzhou Zheshi OTC Swaps according to its internal policy. The CICC FT Ultimate
Clients (Hangzhou Zheshi) for purpose of this placee subscription comprise ZheShi Quanying Private
Securities Investment Fund (ږ“( )Zheshi Quanying”) and ZheShi Puzhuo
No. 1 Private Securities Investment Fund (ږ“( )ZheShi Puzhuo”),
both of which are managed by Hangzhou Zheshi Private Fund Management Co., Ltd. (ͩӷ෍
ʮ̡) (“Hangzhou Zheshi”), in which Zhu Yin (ϡ੓), its legal representative, holds
30.5% equity interest. Save for Huang Lu (䔔ᚣ) (in respect of Zheshi Quanying) and Weng Jinjing
(ॽᡜዽ) (in respect of ZheShi Puzhuo), no investor holds 30% or more interest in either Zheshi
Quanying or ZheShi Puzhuo. To the best knowledge of Hangzhou Zheshi after due enquiry, each of
Zheshi Quanying, ZheShi Puzhuo, Hangzhou Zheshi and their respective ultimate beneficial owners is
an independent third party of the Group, CICC FT, CICCHKS and the companies which are members
of the same group of companies as each of the Underwriters.
2. CICC FT and China International Capital Corporation Limited will enter into a series of cross border
delta-one OTC swap transactions (collectively, the “Aochuang Hangzhou OTC Swaps”) with each
other and the ultimate client (the “CICC FT Ultimate Client (Aochuang Hangzhou)”), pursuant
to which CICC FT will hold the Offer Shares on a non-discretionary basis to hedge the Aochuang
Hangzhou OTC Swaps while the economic risks and returns of the underlying Offer Shares are passed
to the CICC FT Ultimate Client (Aochuang Hangzhou), subject to customary fees and commissions.
The Aochuang Hangzhou OTC Swaps will be fully funded by the CICC FT Ultimate Client (Aochuang
Hangzhou). During the terms of the Aochuang Hangzhou OTC Swaps, all economic returns of the
Offer Shares subscribed by CICC FT will be passed to the CICC FT Ultimate Client (Aochuang
Hangzhou) and all economic loss shall be borne by the CICC FT Ultimate Client (Aochuang
Hangzhou) through the Aochuang Hangzhou OTC Swaps, and CICC FT will not take part in any
economic return or bear any economic loss in relation to the Offer Shares.


--- page 22 ---
– 22 –
 The Aochuang Hangzhou OTC Swaps are linked to the Offer Shares and the CICC FT Ultimate
Client (Aochuang Hangzhou) may request CICC FT to redeem it at their own discretions, upon which
CICC FT may dispose of the Offer Shares and settle the Aochuang Hangzhou OTC Swaps in cash in
accordance with the terms and conditions of the OTC Swaps. Despite that CICC FT will hold the legal
title of the Offer Shares by itself, it will not exercise the voting rights attaching to the relevant Offer
Shares during the terms of the Aochuang Hangzhou OTC Swaps according to its internal policy. The
CICC FT Ultimate Client (Aochuang Hangzhou) for purpose of this placee subscription comprises
Aochuang Jinchentaihe No. 1 Private Securities Investment Fund (इձ1໮ӷ෍ᗇՎҳ༟ਿ
ږ“( )Aochuang No.1”) which is managed by Aochuang (Hangzhou) Asset Management Co., Ltd. (ශ
௴(ψ)ʮ̡) (“Aochuang Hangzhou”). No investor holds 30% or more interest in
Aochuang No.1. Aochuang Hangzhou is wholly owned by Chen Lingxi (Ҏ). To the best knowledge
of Aochuang Hangzhou after due enquiry, each of Aochuang No.1, Aochuang Hangzhou and their
respective ultimate beneficial owners is an independent third party of the Group, CICC FT, CICCHKS
and the companies which are members of the same group of companies as each of the Underwriters.
3. CICC Financial Trading Limited (“CICC FT”) and China International Capital Corporation Limited
will enter into a series of cross border delta-one OTC swap transactions (collectively, the “Tibet
Longrising OTC Swaps”) with each other and the ultimate clients (the “CICC FT Ultimate Clients
(Tibet Longrising)”), pursuant to which CICC FT will hold the Offer Shares on a non-discretionary
basis to hedge the Tibet Longrising OTC Swaps while the economic risks and returns of the underlying
Offer Shares are passed to the CICC FT Ultimate Clients (Tibet Longrising), subject to customary fees
and commissions. The Tibet Longrising OTC Swaps will be fully funded by the CICC FT Ultimate
Clients (Tibet Longrising). During the terms of the Tibet Longrising OTC Swaps, all economic returns
of the Offer Shares subscribed by CICC FT will be passed to the CICC FT Ultimate Clients (Tibet
Longrising) and all economic loss shall be borne by the CICC FT Ultimate Clients (Tibet Longrising)
through the Tibet Longrising OTC Swaps, and CICC FT will not take part in any economic return or
bear any economic loss in relation to the Offer Shares.
 The Tibet Longrising OTC Swaps are linked to the Offer Shares and the CICC FT Ultimate Clients
(Tibet Longrising) may request CICC FT to redeem it at their own discretions, upon which CICC FT
may dispose of the Offer Shares and settle the Tibet Longrising OTC Swaps in cash in accordance
with the terms and conditions of the OTC Swaps. Despite that CICC FT will hold the legal title of
the Offer Shares by itself, it will not exercise the voting rights attaching to the relevant Offer Shares
during the terms of the Tibet Longrising OTC Swaps according to its internal policy. The CICC FT
Ultimate Clients (Tibet Longrising) for purpose of this placee subscription comprise Longrising
Qiangshu Private Securities Investment Fund (ږ“( )Longrising
Qiangshu”), Longrising Qiangye Private Securities Investment Fund (๕ᆀ᳅੶ุӷ෍ᗇՎҳ༟
ږ“( )Longrising Qiangye”), Longrising Qiangshi Private Securities Investment Fund (๕ᆀ᳅
ږ“( )Longrising Qiangshi”), all of which are managed by Tibet Longrising
Asset Management Co., Ltd. (ʮ̡) (“Tibet Longrising”), in which Zeng
Xiaojie (ಀወᆎ), its legal representative, holds 61.75% equity interest. Save for (i) Zeng Xiaojie who
holds 30% or more interest in each of Longrising Qiangshu and Longrising Qiangshi, and (ii) Zeng
Xiaojie and Hu Caiyang (੹ජ), who each hold 30% or more interest in Longrising Qiangye, no
investor holds 30% or more interest in the above entities. To the best knowledge of Tibet Longrising
after due enquiry, each of Longrising Qiangshu, Longrising Qiangye, Longrising Qiangshi, Tibet
Longrising and their respective ultimate beneficial owners is an independent third party of the Group,
CICC FT, CICCHKS and the companies which are members of the same group of companies as each
of the Underwriters.


--- page 23 ---
– 23 –
4. CICC Financial Trading Limited (“CICC FT”) and China International Capital Corporation Limited
will enter into a series of cross border delta-one OTC swap transactions (collectively, the “Shanghai
Tongyi OTC Swaps”) with each other and the ultimate clients (the “CICC FT Ultimate Clients
(Shanghai Tongyi)”), pursuant to which CICC FT will hold the Offer Shares on a non-discretionary
basis to hedge the Shanghai Tongyi OTC Swaps while the economic risks and returns of the underlying
Offer Shares are passed to the CICC FT Ultimate Clients (Shanghai Tongyi), subject to customary fees
and commissions. The Shanghai Tongyi OTC Swaps will be fully funded by the CICC FT Ultimate
Clients (Shanghai Tongyi). During the terms of the Shanghai Tongyi OTC Swaps, all economic returns
of the Offer Shares subscribed by CICC FT will be passed to the CICC FT Ultimate Clients (Shanghai
Tongyi) and all economic loss shall be borne by the CICC FT Ultimate Clients (Shanghai Tongyi)
through the Shanghai Tongyi OTC Swaps, and CICC FT will not take part in any economic return or
bear any economic loss in relation to the Offer Shares.
 The Shanghai Tongyi OTC Swaps are linked to the Offer Shares and the CICC FT Ultimate Clients
(Shanghai Tongyi) may request CICC FT to redeem it at their own discretions, upon which CICC FT
may dispose of the Offer Shares and settle the Shanghai Tongyi OTC Swaps in cash in accordance
with the terms and conditions of the OTC Swaps. Despite that CICC FT will hold the legal title of the
Offer Shares by itself, it will not exercise the voting rights attaching to the relevant Offer Shares during
the terms of the Shanghai Tongyi OTC Swaps according to its internal policy. The CICC FT Ultimate
Clients (Shanghai Tongyi) for purpose of this placee subscription comprise Tongyi Taoli No.10
Private Securities Investment Fund (ҽ10ږ“( )Tongyi Taoli No.10”),
Tongyi Global Value No.5 Private Securities Investment Fund (࠽5 ໮ӷ෍ᗇՎҳ༟ਿ
ږ“( )Tongyi Global Value No.5”) and Tongyi Active Equity Enhancement No.9 Private Securities
Investment Fund (ਿᄣ੶9ږ“( )Tongyi Active No.9”), all of which
are managed by Shanghai Tongyi Investment Management Co., Ltd. (ʮ
̡) (“Shanghai Tongyi”) in which Chu Yibo (تits legal representative, holds 40.48% equity
interest. No investor holds 30% or more interest in Tongyi Taoli No.10, Tongyi Global Value No.5 and
Tongyi Active No.9. To the best knowledge of Shanghai Tongyi after due enquiry, each of Tongyi Taoli
No.10, Tongyi Global Value No.5, Tongyi Active No.9, Shanghai Tongyi and their respective ultimate
beneficial owners is an independent third party of the Group, CICC FT, CICCHKS and the companies
which are members of the same group of companies as each of the Underwriters.
5. China AM is a member of the same group of companies as CSB. To the best of its knowledge after due
enquiry, each of its underlying clients and their respective ultimate beneficial owners is an independent
third party of China AM, CSB and their respective group companies. China AM will hold the Offer
Shares in its capacity as discretionary investment manager on behalf of such underlying clients, details
of which are set out below:
(i) CHINAAMC SELECT GREATER CHINA TECHNOLOGY FUND — Save for Futu Securities
International (Hong Kong) Limited-client account, no other ultimate beneficial owner holds
more than 30% of interest therein. Futu Securities International (Hong Kong) Limited is a
member of the underwriting syndicates, acts solely as a placing broker for its underlying
clients on a non-discretionary basis and does not take any proprietary position in respect such
subscription.
(ii) CHINAAMC FUND — CHINAAMC CHINA OPPORTUNITIES FUND — No investor holds
30% or more interest therein.
(iii) CHINAAMC CHINA FOCUS FUND — Save for Manulife (International) Limited, no other
ultimate beneficial owner holds more than 30% of interest therein.
(iv) CHINAAMC CHINA GROWTH FUND (SICA V) — Save for Yuanta Securities (HK) Company
LTD, no other ultimate beneficial owner holds more than 30% of interest therein.


--- page 24 ---
– 24 –
6. China UAM is a member of the same group of companies as Orient. To the best of its knowledge
after due enquiry, each of its underlying clients and their respective ultimate beneficial owners is an
independent third party of China UAM, Orient and their respective group companies. China UAM will
hold the Offer Shares in its capacity as discretionary investment manager on behalf of such underlying
clients, details of which are set out below:
(i) China Universal Special Situation Fund SPC — CUAM Flexible Strategy Fund SP — No
investor holds 30% or more interest therein.
(ii) China Universal Asset Management (Hong Kong) Company Limited — CLIENT’S A/C
BETTER SUPPLY CHAIN (HK) HOLDINGS CO., LIMITED — Save for Peng Zimei, no
other ultimate beneficial owner holds more than 30% of interest therein.
(iii) China Universal Asset Management (Hong Kong) Company Limited — CLIENT A/C
EXCELLENT TIDE SECURITIES LIMITED — EXCELLENT TIDE EURASIA OFC —
EXCELLENT TIDE EURASIA NO.1 FUND — Save for Hua Zhongjie and Zhang Ping, no
other ultimate beneficial owner holds more than 30% of interest therein.
(iv) CHINA UNIVERSAL ASSET MANAGEMENT (HONG KONG) COMPANY LIMITED
— CLIENT’S A/C LC LOGISTICS, INC — Save for Xu Xin and Li Yan, no other ultimate
beneficial owner holds more than 30% of interest therein.
(v) CUAM China-Hong Kong Strategy Fund is a SFC authorized fund (CE no.: AZW731) — No
investor holds 30% or more interest therein.


--- page 25 ---
– 25 –
7. Fullgoal AMHK is a member of the same group of companies as HTI. To the best of its knowledge
after due enquiry, each of its underlying clients and their respective ultimate beneficial owners is
an independent third party of Fullgoal AMHK, HTI and their respective group companies. Fullgoal
AMHK will hold the Offer Shares in its capacity as discretionary investment manager on behalf of
such underlying clients, details of which are set out below:
(i) Fullgoal Asset Management (HK) Limited SUB A/C HI-Aktien China 1-Sfonds — Save for
A European pension fund, no other ultimate beneficial owner holds more than 30% of interest
therein.
(ii) Fullgoal Hong Kong and China Equity Fund — Save for The University of Hong Kong, no other
ultimate beneficial owner holds more than 30% of interest therein.
(iii) Fullgoal China Growth Select Fund — Save for Zhao Xueming, no other ultimate beneficial
owner holds more than 30% of interest therein.
(iv) Fullgoal China Opportunities Fund — Save for China Everbright Fortune Investment Limited,
L Industries Limited and Orient Sun Rise Fund Series SPC-Orient Sun Rise Enhanced Balanced
Fund Segregated Portfolio, no other ultimate beneficial owner holds more than 30% of interest
therein.
(v) Fullgoal China Small-Mid Cap Growth Fund is a SFC authorized fund (CE no.: BNY686) —
No investor holds 30% or more interest therein.
(vi) BMO Greater China Fund — No investor holds 30% or more interest therein.
8. Fullgoal Fund is a member of the same group of companies as HTI. To the best of its knowledge after
due enquiry, save as the internal funds from Fullgoal Fund in China Merchants Bank-Fullgoal Hong
Kong Equity Select Hybrid Fund (QDII) (“Fullgoal HK Equity Select”), with the proprietary capital
contribution not exceeding 0.05% of the total fund size of Fullgoal HK Equity Select, each of the
other underlying clients and their respective ultimate beneficial owners is an independent third party of
Fullgoal Fund, HTI and their respective group companies. Fullgoal Fund will hold the Offer Shares in
its capacity as discretionary investment manager on behalf of the underlying clients includes Fullgoal
HK Equity Select, CMB-Fullgoal Blue Chip Selected Equity Fund (QDII) and ICBC Fullgoal Global
Technology & Internet Fund. To the best knowledge of Fullgoal Fund after due enquiry, no investor
holds 30% or more interest in any of such underlying clients.


--- page 26 ---
– 26 –
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 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 unless in compliance with Regulation S
under the U.S. Securities Act. There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not 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 15 June 2026 issued by
Shanghai Seer Intelligent Technology 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 and Overall Coordinators) 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.


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PUBLIC FLOAT
Pursuant to Rule 19A.13A(1) of the Listing Rules, assuming that the Over-allotment Option
are not exercised, based on the Offer Price of HK$101.60 per Offer Share, our expected
market capitalization upon the Listing is HK$11.23 billion, and the minimum prescribed
public float percentage applicable to our Shares is 15.0%.
Immediately following the completion of the Global Offering (before any exercise of the
Over-allotment Option) an aggregate of 43,362,170 H Shares, representing approximately
39.24% of the issued share capital of our Company will count towards the public float.
Therefore, the number of H Shares held in public hands is higher than the prescribed
percentage of H Shares required to be held in public hands of 15% under Rule 19A.13A(1)
of the Listing Rules.
Based on the final Offer Price of HK$101.60 per H Share, the Company satisfies the free
float requirement under Rule 19A.13C of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering:
(i) no placee will, individually, be placed more than 10% of the enlarged issued share capital
of our Company; (ii) there will not be any new substantial Shareholder (as defined in the
Listing Rules) of our Company; (iii) the three largest public shareholders of the Company
do not hold more than 50% of the H Shares in public hands at the time of the Listing in
compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least
300 Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing
Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday,
June 24, 2026 (Hong Kong time), provided that the Global Offering has become
unconditional and the right of termination described in the section headed “Underwriting
— Underwriting Arrangements and Expenses — Hong Kong Public Offering — Hong
Kong Underwriting Agreement — Grounds for Termination” in the Prospectus has not been
exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to the H Share certificates
becoming valid evidence of title do so entirely at their own risk.


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Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on
Wednesday, June 24, 2026 (Hong Kong time), it is expected that dealings in the H Shares on
the Stock Exchange will commence at 9:00 a.m. on Wednesday, June 24, 2026 (Hong Kong
time). The H Shares will be traded in board lots of 50 H Shares each, and the stock code of
the H Shares will be 06106.
By order of the Board
Shanghai Seer Intelligent Technology Co., Ltd.
Mr. Zhao Yue
Executive Director and Chairman of the Board
Hong Kong, June 23, 2026
Directors of the Company named in the application to which this announcement relates are: (i) Mr. Zhao Yue,
Ms. Ding Xia, Mr. Ye Yangsheng and Mr. Wang Qun as executive directors, (ii) Dr. Cheng Lin, Dr. Liu Yong
and Mr. Chen Fei as independent non-executive directors.