hk-ipo/data/extracted_text/00664/allotment_results_2026-03-30_2026033003120.txt

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1
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 or distribution, directly or indirectly, in or into the United States
or any other jurisdiction where such distribution is prohibited by law, nor is this announcement an offer for sale or
solicitation to purchase or subscribe for securities in the United States or any other jurisdictions. 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 applicable securities laws of any state or other jurisdiction of the United
States, and may not be offered, sold, pledged or transferred within the United States except in transactions exempt
from, or not subject to, the registration requirements of the U.S. Securities Act. The Offer Shares are being offered
and sold outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities
Act and applicable laws of each jurisdiction where those offers and sales occur. There will be no public offering of the
Offer Shares in the United States.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the prospectus dated March 23, 2026 (the “Prospectus ”) issued by Hangzhou Tongshifu Cultural and
Creative (Group) Co., Ltd. (௩˖௴ (ණྠ)ʮ̡ ) (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 any of the securities of the Company. This announcement is not a
prospectus. Potential investors should read the Prospectus for detailed information about the Global Offering described
below before deciding whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer
Shares should be taken solely in reliance on the information provided in the Prospectus.
In connection with the Global Offering, CMB International Capital Limited (or its affiliates or any person acting for
it), as the stabilizing manager (the “Stabilizing Manager ”), on behalf of the Underwriters, to the extent permitted by
the applicable laws and regulatory requirements of Hong Kong or elsewhere, may over-allocate or effect transactions
with a view to stabilizing or supporting the market price of the H Shares at such price, in such amounts and in such
manners as the Stabilizing Manager, its affiliates or any person acting for it may determine and at a level higher than
that which might otherwise prevail in the open market for a limited period after the Listing Date. However, there is
no obligation on the Stabilizing Manager (or its affiliates or any person acting for it) to conduct any such stabilizing
action. Such stabilizing actions, if taken, (a) will be conducted at the absolute discretion of the Stabilizing Manager
(or its affiliates or any person acting for it) and in what the Stabilizing Manager (or its affiliates or any person acting
for it) reasonably regards as the best interest of our Company, (b) may be discontinued at any time, and (c) is required
to be brought to an end within 30 days of the last day for lodging applications under the Hong Kong Public Offering
(which is Saturday, April 25, 2026). Such stabilization 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 H Shares for
longer than the stabilization period, which will begin 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 (which is Saturday, April 25, 2026).
After this date, when no further stabilizing action may be taken, demand for the H Shares, and therefore the price of
the H Shares, could fall.
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 – 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 Tuesday, March 31, 2026).


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HANGZHOU TONGSHIFU CULTURAL
AND CREATIVE (GROUP) CO., LTD.
ʮ̡
(A joint stock company incorporated in the People ’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares under
the Global Offering
: 7,406,800 H Shares
Number of Hong Kong Offer Shares : 1,111,000 H Shares (after reallocation)
Number of International Offer Shares : 6,295,800 H Shares (after reallocation)
Final Offer Price : HK$60.00 per H Share, plus brokerage of
 1.0%, SFC transaction levy of 0.0027%,
 Stock Exchange trading fee of 0.00565%
 and the AFRC transaction levy of
 0.00015%
Nominal value : RMB1.00 per H Share
Stock code : 0664
Sole Sponsor, Sole Sponsor-Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


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HANGZHOU TONGSHIFU CULTURAL
AND CREATIVE (GROUP) CO., LTD.
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE
AND ALLOTMENT RESULTS
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 0664
Stock short name TONGSHIFU
Dealings commencement date March 31, 2026*
* See note at the end of this announcement
Price Information
Final Offer Price HK$60.00
Offer Price Range HK$60.00 -
HK$68.00
Offer Shares and Share Capital*
Number of Offer Shares 7,406,800
Final Number of Offer Shares in Hong Kong Public Offering
 (after reallocation) 1,111,000
Final Number of Offer Shares in International Offering
 (after reallocation) 6,295,800
Number of issued Shares upon Listing 64,406,800


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Over-allocation
No. of Offer Shares over-allocated 0
Note: There has been no over-allocation of Offer Shares in the International Offering. Therefore, the Over-allotment
Option will not be exercised.
Proceeds
Gross proceeds (Note) HK$444.41 million
Less: Estimated listing expenses payable based on Offer Price HK$54.25 million
Net proceeds HK$390.16 million
Note: Gross proceeds refers to the amount which the Company is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds ” of the Prospectus.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 26,280
No. of successful applications 3,004
Subscription level 59.55 times
No. of Offer Shares initially available under the
 Hong Kong Public Offering 740,700
No. of Offer Shares reallocated from the International Offering 370,300
Final no. of Offer Shares under the Hong Kong Public Offering
 (after reallocation) 1,111,000
% of Offer Shares under the Hong Kong Public Offering
 to the Global Offering 15.00%
Note: For details of the final allocation of Offer Shares to the Hong Kong Public Offering, investors
can refer http://www.eipo.com.hk/eIPOAllotment  to perform a search by identification number or
http://www.eipo.com.hk/eIPOAllotment  for the full list of allottees.


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INTERNATIONAL OFFERING
No. of placees 43
Subscription level 1.56 times
No. of Offer Shares initially available
 under the International Offering 6,666,100
No. of Offer Shares reallocated to the Hong Kong Public Offering 370,300
Final no. of Offer Shares under the International Offering
 (after reallocation) 6,295,800
% of Offer Shares under the International Offering
 to the Global Offering 85.00%
The Directors confirm that, to the best of their knowledge, information and belief, save for (a) a
consent under paragraph 1C(1) of Appendix F1 to the Listing Rules (the “Placing Guidelines ”)
and Chapter 4.15 of the Guide for New Listing Applicants granted by the Stock Exchange to
permit the Company to allocate certain Offer Shares to a connected client and (b) a consent under
paragraph 1C(2) of the Placing Guidelines granted by the Stock Exchange to permit the Company
to allocate certain Offer Shares to a close associate of an existing Shareholder, (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 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,
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 H
Shares registered in his/her/its name or otherwise held by him/her/it.
The placees in the International Offering include the following:
Cornerstone Investor
Investor
No. of
Offer Shares
allocated
% of
Offer Shares
% of
total issued
share capital
after the
Global
Offering
Existing
shareholders
or their close
associates
Jiantou International (Hong Kong) Co.,
Limited ( “Jiantou International ” or the
“Cornerstone Investor ”)
500,000 6.75% 0.78% No


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Allottees with Waivers/Consents Obtained
Investor
No. of Offer
Shares allocated % of Offer Shares
% of total issued
share capital after
the Global
Offering Note 3 Relationship
Allottees with consent under paragraph 1C(2) of the Placing Guidelines in relation to allocations to a close associate of an existing
Shareholder Note 1
Wang Wenzhong (׀ )
“( Mr. Wang ”) Note 2
1,543,600 20.84% 2.40% A placee and a
 close associate of
 an existing
 Shareholder
Allottee 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 a connected client Note 1
CITIC Securities
 International Capital
 Management Limited
100,000 1.35% 0.16% A connected
 client of CLSA
 Limited
 ( “CLSA”)
Notes:
1. For details of the consent under (i) paragraph 1C(2) of the Placing Guidelines in relation to allocations to a close associate of an existing Shareholder, and (ii)
paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations to a connected client, please
refer to the section headed “Others/Additional Information ” in this announcement.
2. Mr. Wang is a close associate of Beijing Hezhong Venture Capital Equity Investment Center (Limited Partnership), which is an existing Shareholder.
LOCK-UP UNDERTAKINGS
Directors
Name
Number of
Shares held in
the Company
subject to lock-up
undertakings upon
Listing
Number of H
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
Last day subject
to the lock-up
undertakings Note
Yu Guang (Έ) 14,971,100 14,971,100 27.06% 26.04% March 30, 2027
Xiao Feng (ࢤ1,067,715 1,067,715 1.93% 1.86% March 30, 2027
He Yun ( Оㄴ) 360,713 360,713 0.65% 0.63% March 30, 2027
Luo Renxiang
 ( ᖯʠୂ)
288,571 288,571 0.52% 0.50% March 30, 2027
Note:
Pursuant to the applicable PRC law, the lock-up for Directors ends on March 30, 2027, being 12 months from the Listing Date.


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Other Existing Shareholders (including the Pre-IPO Investors as defined in the section
headed  “History, Development and Corporate Structure ” of the Prospectus)
Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
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
Last day
subject to
the lock-up
undertakings Note 2
Shunwei Ventures III (Hong Kong)
Limited
7,631,981 7,631,981 13.80% 13.27% March 30, 2027
Tianjin Jinmi Investment
Partnership (Limited Partnership)
5,451,418 5,451,418 9.85% 9.48% March 30, 2027
Beijing GX Equity Investment Fund
Partnership Enterprise (Limited
Partnership)
3,453,413 3,453,413 6.24% 6.01% March 30, 2027
Euro Master Limited 2,678,093 2,678,093 4.84% 4.66% March 30, 2027
Guozhong Private Equity
Investment Fund (Xi ’an)
Partnership (Limited Partnership)
2,158,766 2,158,766 3.90% 3.75% March 30, 2027
Beijing Hezhong Venture Capital
Equity Investment Center
(Limited Partnership) ( “Beijing
Hezhong ”
2,008,599 – 3.63% 3.49% March 30, 2027
CMG Media Convergence Industry
Investment Fund (Limited
Partnership)
1,781,250 1,781,250 3.22% 3.10% March 30, 2027
Gongqingcheng Jinda Equity
Investment Partnership (Limited
Partnership)
1,744,459 1,744,459 3.15% 3.03% March 30, 2027
Luo Wenjuan (ࢇ1,616,002 1,616,002 2.92% 2.81% March 30, 2027
Changxing Jinyuan Hanfei
Investment Management Center
(Limited Partnership)
1,414,004 1,414,004 2.56% 2.46% March 30, 2027
Qiu Dekang ( ໿ᅃੰ) 1,154,287 1,154,287 2.09% 2.01% March 30, 2027


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Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
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
Last day
subject to
the lock-up
undertakings Note 2
Qingdao Yunzhi Investment
Management Partnership (Limited
Partnership)
1,096,577 1,096,577 1.98% 1.91% March 30, 2027
Guangdong Bay Area No. 1 Digital
Cultural Industry Investment
Partnership (Limited Partnership)
712,500 712,500 1.29% 1.24% March 30, 2027
Shenzhen Guolinfeng Asset
Management Center (Limited
Partnership)
621,875 621,875 1.12% 1.08% March 30, 2027
Ruan Zhuoer ( Ԥՙဧ) 519,434 519,434 0.94% 0.90% March 30, 2027
Yang Ke ( เൾ) 490,571 490,571 0.89% 0.85% March 30, 2027
Zhao Lei ( Ⴛᆾ) 481.817 481.817 0.87% 0.84% March 30, 2027
Lv Lihan ( ѐͭጫ) 447,285 447,285 0.81% 0.78% March 30, 2027
Zhang Lei ( ੵᆾ) 431,071 431,071 0.78% 0.75% March 30, 2027
Ningbo Meishan Bonded Port Area
Fosun Weiying Equity Investment
Fund Partnership (Limited
Partnership)
298,737 298,737 0.54% 0.52% March 30, 2027
Li Wanqiang ( ኇຬ੶) 288,571 288,571 0.52% 0.50% March 30, 2027
Ding Pengfei (࠭288,571 288,571 0.52% 0.50% March 30, 2027
Changxing Jinyuan Zhecheng
Investment Management
Partnership (Limited Partnership)
240,475 240,475 0.43% 0.42% March 30, 2027
Chen Jingzhi (ٺ216,431 216,431 0.39% 0.38% March 30, 2027
Yin Xuelong ( ँ௛Ꮂ) 202,000 202,000 0.37% 0.35% March 30, 2027


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Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
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
Last day
subject to
the lock-up
undertakings Note 2
Zhang Jianmei (ૠ) 178,914 178,914 0.32% 0.31% March 30, 2027
Shanghai Ruma Youhua Enterprise
Management Partnership (Limited
Partnership)
171,000 – – 0.30% March 30, 2027
Jin Zeguang (ዣᄿ) 144,283 144,283 0.26% 0.25% March 30, 2027
Lv Hangjun (ࠏ؄144,282 144,282 0.26% 0.25% March 30, 2027
Shentu Jiahui ( ͡ਜ਼Գ౉ ) 144,282 144,282 0.26% 0.25% March 30, 2027
Yang Junjie ( เം௫) 144,282 144,282 0.26% 0.25% March 30, 2027
Jin Lihua (ᘆശ) 144,282 144,282 0.26% 0.25% March 30, 2027
Zhang Weijiang ( ੵሊϪ) 144,282 144,282 0.26% 0.25% March 30, 2027
Qian Jiayang (ජ) 125,427 125,427 0.23% 0.22% March 30, 2027
Yu Hong (҃) 124,089 124,089 0.22% 0.22% March 30, 2027
Dong Shengfang (ٹ115,429 115,429 0.21% 0.20% March 30, 2027
Huang Dongsheng (ʺ) 115,427 115,427 0.21% 0.20% March 30, 2027
Ren Bingzhang (௝) 109,658 109,658 0.20% 0.19% March 30, 2027
Jin Hongwei (҃ਃ) 106,875 106,875 0.19% 0.19% March 30, 2027
Zhou Chengfeng (ࠬ࠱95,227 95,227 0.17% 0.17% March 30, 2027
Shi Ziming ( ̦ɿჼ) 92,342 92,342 0.17% 0.16% March 30, 2027
An Hui ( τሾ) 92,342 92,342 0.17% 0.16% March 30, 2027
Ren Liang (ڥ89,457 89,457 0.16% 0.16% March 30, 2027
Wang Yuezhen (แ) 86,572 86,572 0.16% 0.15% March 30, 2027
Lu Huahua ( ጅശശ) 86,572 86,572 0.16% 0.15% March 30, 2027
Ding Yi ( ɕχ) 57,717 57,717 0.10% 0.10% March 30, 2027
Hu Wenping (˖റ) 57,717 57,717 0.10% 0.10% March 30, 2027
Zhang Jie ( ੵ௫) 57,717 57,717 0.10% 0.10% March 30, 2027
Wang Qiuxia (ᒳ) 57,717 57,717 0.10% 0.10% March 30, 2027
Liang Yu ( ૑◔) 35,625 35,625 0.06% 0.06% March 30, 2027


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Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
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
Last day
subject to
the lock-up
undertakings Note 2
Chen Lisheng ( ௓ଣʺ) 35,625 35,625 0.06% 0.06% March 30, 2027
Xu Danni (ʗ֋) 28,347 28,347 0.05% 0.05% March 30, 2027
Huang Ningning ( රྐྵྐྵ) 14,431 14,431 0.03% 0.03% March 30, 2027
Jia Jinfu (బ) 14,431 14,431 0.03% 0.03% March 30, 2027
Cui Yushu ( ੦͗ബ) 11,546 11,546 0.02% 0.02% March 30, 2027
Notes:
1. The lock-up applies to the Shares held immediately prior to the completion of the Global Offering.
2. Pursuant to the applicable PRC law, the lock-up for existing Shareholders ends on March 30, 2027, being 12
months from the Listing Date.


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11
Cornerstone Investor
Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of H
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
% of total
issued
H Shares
% of total
issued Shares
after the
Global
Offering upon
Listing
Last day
subject to
the lock-up
undertakings Note
Jiantou International 500,000 500,000 0.80% 0.78% September 30, 2026
Note:
In accordance with the cornerstone investment agreement, the required lock-up ends on September 30, 2026, being
six months from and including the Listing Date. The Cornerstone Investor will cease to be prohibited from disposing
of or transferring the H Shares subscribed for pursuant to the cornerstone investment agreement after the indicated
date.


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12
PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number
of Shares
held upon
Listing
% of total
issued share
capital upon
Listing
Top 1 1,543,600 24.52% 20.84% 1,543,600 2.40%
Top 5 3,486,600 55.38% 47.07% 3,486,600 5.41%
Top 10 4,637,100 73.65% 62.61% 4,637,100 7.20%
Top 25 6,042,900 95.98% 81.59% 6,042,900 9.38%
Note:
* Ranking of placees is based on the number of Offer Shares allotted to the placees.


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H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders*
Number
of H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
% of total
issued H Shares
capital upon
Listing
Number
of Shares
held upon
Listing
Top 1 0 0.00% 0.00% 14,971,100 24.06% 14,971,100
Top 5 0 0.00% 0.00% 34,186,005 54.94% 34,186,005
Top 10 1,543,600 24.52% 20.84% 43,030,082 69.15% 43,030,082
Top 25 3,486,600 55.38% 47.07% 53,410,318 85.83% 53,410,318
Note:
* 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
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
Number
of Shares
held upon
Listing
% of total
issued share
capital upon
Listing
Top 1 0 0.00% 0.00% 14,971,100 14,971,100 23.24%
Top 5 1,543,600 24.52% 20.84% 33,051,512 35,060,111 54.44%
Top 10 1,543,600 24.52% 20.84% 43,030,082 45,038,681 69.93%
Top 25 3,486,600 55.38% 47.07% 53,410,318 55,418,917 86.05%
Note:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders upon
Listing.


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14
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, a total of 26,280 valid
applications made by the public will be conditionally allocated on the basis set out below:
NO. OF
SHARES
APPLIED
FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT / BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
POOL A
100 19,181 533 out of 19,181 to receive 100 Shares 2.78%
200 1,423 79 out of 1,423 to receive 100 Shares 2.78%
300 567 47 out of 567 to receive 100 Shares 2.76%
400 267 29 out of 267 to receive 100 Shares 2.72%
500 464 62 out of 464 to receive 100 Shares 2.67%
600 205 32 out of 205 to receive 100 Shares 2.60%
700 468 85 out of 468 to receive 100 Shares 2.59%
800 154 31 out of 154 to receive 100 Shares 2.52%
900 72 16 out of 72 to receive 100 Shares 2.47%
1,000 1,228 290 out of 1,228 to receive 100 Shares 2.36%
1,500 320 113 out of 320 to receive 100 Shares 2.35%
2,000 238 112 out of 238 to receive 100 Shares 2.35%
2,500 120 70 out of 120 to receive 100 Shares 2.33%
3,000 160 112 out of 160 to receive 100 Shares 2.33%
3,500 76 62 out of 76 to receive 100 Shares 2.33%
4,000 79 73 out of 79 to receive 100 Shares 2.31%
4,500 62 100 Shares plus 2 out of 62 to receive additional
100 Shares
2.29%
5,000 163 100 Shares plus 23 out of 163 to receive additional
100 Shares
2.28%
6,000 97 100 Shares plus 35 out of 97 to receive additional
100 Shares
2.27%
7,000 76 100 Shares plus 44 out of 76 to receive additional
100 Shares
2.26%
8,000 51 100 Shares plus 39 out of 51 to receive additional
100 Shares
2.21%
9,000 35 100 Shares plus 34 out of 35 to receive additional
100 Shares
2.19%
10,000 301 200 Shares plus 58 out of 301 to receive additional
100 Shares
2.19%
20,000 132 400 Shares plus 51 out of 132 to receive additional
100 Shares
2.19%


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15
NO. OF
SHARES
APPLIED
FOR
NO. OF
VALID
APPLICATIONS BASIS OF ALLOTMENT / BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
POOL A
30,000 79 600 Shares plus 46 out of 79 to receive additional
100 Shares
2.19%
40,000 36 800 Shares plus 28 out of 36 to receive additional
100 Shares
2.19%
50,000 25 1,000 Shares plus 24 out of 25 to receive additional
100 Shares
2.19%
60,000 19 1,300 Shares plus 2 out of 19 to receive additional
100 Shares
2.18%
70,000 36 1,500 Shares plus 10 out of 36 to receive additional
100 Shares
2.18%
26,134 Total number of Pool A successful applicants: 2,858
POOL B
80,000 69 2,200 Shares plus 28 out of 69 to receive additional
100 Shares
2.80%
90,000 6 2,500 Shares plus 1 out of 6 to receive additional
100 Shares
2.80%
100,000 18 2,800 Shares 2.80%
120,000 8 3,300 Shares plus 5 out of 8 to receive additional
100 Shares
2.80%
140,000 5 3,900 Shares plus 1 out of 5 to receive additional
100 Shares
2.80%
160,000 8 4,400 Shares plus 7 out of 8 to receive additional
100 Shares
2.80%
180,000 1 5,000 Shares 2.78%
200,000 12 5,500 Shares plus 8 out of 12 to receive additional
100 Shares
2.78%
250,000 3 6,900 Shares plus 1 out of 3 to receive additional
100 Shares
2.77%
300,000 2 8,300 Shares 2.77%
370,300 14 10,200 Shares plus 10 out of 14 to receive
additional 100 Shares
2.77%
146 Total number of Pool B successful applicants: 146
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.


--- page 16 ---
16
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 H Shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or
indirectly, provided by the Company, its substantial shareholders, directors or syndicate members
to any placees or the public (as the case may be) and 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 is the same as the Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and Stock Exchange trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Placing to a close associate of an existing Shareholder with prior consent under paragraph
1C(2) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to a close associate of an
existing Shareholder pursuant to the Placing Guidelines.
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a consent
under paragraph 1C(2) of the Placing Guidelines to permit the Company to allocate such Offer
Shares in the International Offering to the close associate of the existing Shareholder. The
allocation of Offer Shares to such close associate of the existing Shareholder is in compliance with
all the conditions under the consent granted by the Stock Exchange as set out below:
(a) the Company and the Overall Coordinators have confirmed that no preferential treatment has
been, nor will be, given to Beijing Hezhong or Mr. Wang by virtue of their relationship with
the Company in any allocation in the placing tranche of the Global Offering;
(b) the Sole Sponsor has confirmed that to the best of its knowledge and belief, it has no reason
to believe that Beijing Hezhong or Mr. Wang received any preferential treatment in any
allocation in the placing tranche of the Global Offering by virtue of their relationship with
the Company; and
(c) the Sole Sponsor has confirmed that (i) Beijing Hezhong (a) has less than 5% voting rights
in the Company immediately before the Global Offering; (b) is not, and, together with Mr.
Wang, will not be, a core connected person of the Company or its close associate immediately
prior to or following the Global Offering; and (c) does not have the power to appoint the
Company ’s directors or any other special rights; (ii) allocation to Mr. Wang will not affect
the Company ’s ability to satisfy the public float requirement under Rule 19A.13A(1) of the
Listing Rules; and (iii) details of the allocation will be disclosed in this announcement.
For details of the allocations of Offer Shares to the close associate of the existing Shareholder,
please refer to the section headed “Allotment Results Details – International Offering – Allottees
with Waivers/Consents Obtained ” in this announcement.


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17
Placing to a connected client with prior consent under paragraph 1C(1) of the Placing
Guidelines
Under the International Offering, certain Offer Shares were placed to a connected client of its
connected distributor pursuant to the Placing Guidelines.
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 client. The allocation of Offer Shares
to such connected client is in compliance with all the conditions under the consent granted by the
Stock Exchange as set out below:
(a) each of the Overall Coordinators confirms that the Offer Shares allocated to CSICM will
be held on behalf of independent third parties (as defined in Chapter 4.15 of Guide for New
Listing Applicants);
(b) details of the investment by CSICM and details of the allocation will be disclosed in this
announcement;
(c) each of the Company, CLSA (both as the connected distributor and an Overall Coordinator),
the Sole Sponsor-Overall Coordinator and CSICM confirms that no preferential treatment has
been, nor will be, given to CSICM by virtue of their relationship with CLSA in any allocation
of Offer Shares in the International Offering; and
(d) the Overall Coordinators provide the identities of ultimate beneficial owners of the securities,
or where applicable, details of the structured products under which the subscription by
CSICM was made in their confirmations.
Details of the placement to the connected client are set out below:
No.
Connected
Distributor
Connected
Client Relationship
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
Number of
Offer
Shares to
be allocated
to the
Connected
Client
Approximate
percentage
of total
number of
Offer Shares
under the
Global
Offering
Approximate
percentage
of total
issued share
capital
immediately
following the
completion
of the
Global
Offering
1. CLSA
Limited
(“CLSA”)
CITIC Securities
International
Capital
Management
Limited
(“CSICM”) Note
CSICM is a member of the same group of companies as
CLSA. CSICM is therefore considered as a connected
client of CLSA pursuant to paragraph 1B(7) of
Appendix F1 to the Listing Rules.
Non-
discretionary
basis
100,000 1.35% 0.16%


--- page 18 ---
18
Notes:
1. CSICM has subscribed for and will hold the Offer Shares as a placee under the International Offering on behalf
of its ultimate client (the “CSICM Ultimate Client ”), on a non-discretionary basis, pursuant to which:
(i) CSICM will act as the single counterparty of a back-to-back total return swap transaction (the “CSICM
Back-to-back TRS ”) to be entered into by it in connection with a total return swap order (the “CSICM
Client TRS ”) placed and fully funded by the CSICM Ultimate Client, by which CSICM will pass the full
economic exposure of the Offer Shares placed to CSICM to the CSICM Ultimate Client.
(ii) As confirmed by CSICM and CLSA, CSICM will hold the legal title and beneficial interest in the Offer
Shares, but will contractually agree to pass on the full economic exposure and return of the Offer Shares
to the CSICM Ultimate Client, on a non-discretionary basis. The CSICM Ultimate Client may exercise
their early termination rights to terminate the CSICM Client TRS at any time from the trade date of the
CSICM Client TRS which should be on or after the date on which the Offer Shares are listed on the Stock
Exchange.
(iii) Upon the final maturity or termination of the CSICM Client TRS by the CSICM Ultimate Client, CSICM
will dispose of the Offer Shares on the secondary market and the CSICM Ultimate Client will receive
a final termination amount of the CSICM Back-to-back TRS which will have taken into account all the
economic returns or economic loss in relation to the Offer Shares and the fixed amount of transaction
fees of the CSICM Back-to-back TRS and the CSICM Client TRS. Due to its internal policy, CSICM will
not exercise the voting right of the Offer Shares during the terms of the CSICM Back-to-back TRS.
(iv) CSICM is not a collective investment scheme which is not authorized by the SFC, nor is it expected to
hold the Offer Shares on behalf of such scheme.
2. To the best of the knowledge of CSICM and after making all reasonable enquiries, each of the shareholders
or limited partners holding 30% or more interest in the CSICM Ultimate Client and its fund managers is an
independent third party of the Company, its subsidiaries, its substantial shareholders, CSICM, CLSA and the
companies which are members of the same group of CLSA.
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any
part of the contents of this announcement.
This announcement is not for release, publication, 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.
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 and applicable laws of each jurisdiction
where those offers and sales occur.


--- page 19 ---
19
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 any of the
securities of the Company. This announcement is not a prospectus. Potential investors should read
the Prospectus for detailed information about the Global Offering described above before deciding
whether or not to invest in the Offer Shares.
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 for detailed information about the Global Offering described
below before deciding whether or not to invest in the Offer Shares thereby being offered.
* Potential investors of the Offer Shares should note that the 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 – 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
Tuesday, March 31, 2026).
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering (before any exercise of the Over-
allotment Option), 37,546,402 H Shares, representing approximately 58.30% of the issued share
capital of our Company will count towards the public float for the purpose of Rule 19A.13A(1)
of the Listing Rules, which is higher than 25%, the minimum prescribed percentage of H Shares
required to be held in public hands under Rule 19A.13A(1) of the Listing Rules applicable to the
Company calculated based on the final Offer Price of HK$60.00 per Offer Share, thereby satisfying
the public float requirement under Rule 19A.13A(1) of the Listing Rules.
All existing shareholders of the Company are subject to a lock-up period of 12 months following
the Listing Date pursuant to the applicable PRC law. The Cornerstone Investor has agreed
to a lock-up period of six months following the Listing Date. As such, H Shares held by the
Cornerstone Investor upon the Listing shall not be counted towards the free float of the H Shares
of the Company at the time of Listing. Based on the final Offer Price of HK$60.00 per Offer
Share, the Company satisfies the free float requirement under Rule 19A.13C(1)(a) of the Listing
Rules.
The Directors confirm that, immediately following the completion of the Global Offering (before
any exercise of the Over-allotment Option), (i) no placee will, individually, be placed more than
10% of the enlarged total issued share capital of the Company immediately after the Global
Offering; (ii) there will not be any new substantial Shareholder immediately after the Global
Offering; (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.


--- page 20 ---
20
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. (Hong Kong time)
on Tuesday, March 31, 2026, 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 – Grounds for termination ” in the Prospectus has not
been exercised. Investors who trade 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.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong time)
on Tuesday, March 31, 2026, it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. (Hong Kong time) on Tuesday, March 31, 2026. The H Shares will be
traded in board lots of 100 H Shares each, and the stock code of the H Shares will be 0664.
By order of the Board
Hangzhou Tongshifu Cultural and Creative (Group) Co., Ltd.
Yu Guang
Chairman of the Board and Executive Director
Hong Kong, March 30, 2026
As of the date of this announcement, the Board comprises: (i) Mr. Yu Guang, Mr. Luo Renxiang,
Mr. He Yun, Ms. Wang Xiaoxia and Mr. Chen Ruiguang as executive Directors; (ii) Mr. Xiao Feng
as a non-executive Director; and (iii) Mr. Tu Bisheng, Dr. Huang Wenli and Mr. Fong Chun Fai as
independent non-executive Directors.