hk-ipo/data/extracted_text/02429/allotment_results_summary_2023-11-02_2023110200034.txt

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ANNOUNCEMENT OF OFFER PRICE AND ALLOTMENT RESULTS
SUMMARY
Final Offer Price
• The Offer Price has been determined at HK$10.35 per H Share (exclusive of brokerage of
1.0%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock
Exchange trading fee of 0.00565%).
Net Proceeds from the Global Offering
• At the Offer Price of HK$10.35 per H Share, the net proceeds from the Global Offering to
be received by the Company, after deduction of the underwriting fees and commissions and
other estimated expenses payable by the Company in connection with the Global Offering,
are estimated to be approximately HK$154.9 million. The Company intends to apply such
net proceeds from the Global Offering in the manner set out in the section headed “Net
Proceeds from the Global Offering ” in this announcement.
Applications and Indications of Interest Received in the Hong Kong Public Offering
• The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have
been significantly over-subscribed. A total of 5,308 valid applications have been received
pursuant to the Hong Kong Public Offering through the HK eIPO White Form service
and through the CCASS EIPO service for a total of 25,488,500 Hong Kong Offer Shares,
representing approximately 11.29 times of the total number of 2,258,000 Hong Kong Offer
Shares initially available for subscription under the Hong Kong Public Offering.
• As the over-subscription in the Hong Kong Public Offering is less than 15 times, the
reallocation procedures as described in the section headed “Structure of the Global Offering
– The Hong Kong Public Offering – Reallocation and Clawback ” in the Prospectus have not
been applied and no International Offer Shares have been reallocated from the International
Offering to the Hong Kong Public Offering. The final number of Hong Kong Offer Shares
under the Hong Kong Public Offering is 2,258,000 H Shares, representing approximately
10% of the total number of Offer Shares initially available under the Global Offering.
There are a total number of 1,778 Shareholders who were allocated Offer Shares under the
Hong Kong Public Offering, among which, 1,547 Shareholders, representing approximately
87.01% of the Shareholders who were allocated Offer Shares under the Hong Kong Public
Offering, were allocated with one board lot of the Offer Shares, totaling 773,500 H Shares,
representing approximately 34.26% of the total Offer Shares under the Hong Kong Public
Offering.


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International Offering
• The International Offer Shares initially offered under the International Offering have
been slightly over-subscribed, representing approximately 1.41 times of the total number
of Offer Shares initially available under the International Offering. The final number
of International Offer Shares under the International Offering is 20,318,500 H Shares,
representing approximately 90% of the total number of Offer Shares initially available
under the Global Offering.
• There are a total of 143 placees under the International Offering, among which 95 placees,
representing approximately 66.43% of the total number of placees under the International
Offering, have been allotted one board lot of Offer Shares, totaling 47,500 H Shares,
representing approximately 0.23% of the total number of Offer Shares available under the
International Offering; and 98 placees, representing approximately 68.53% of the total
number of placees under the International Offering, have been allotted five board lots or
less of the Offer Shares, totaling 52,000 H Shares, representing approximately 0.26% of the
total number of Offer Shares available under the International Offering.
Cornerstone Investors
• Based on the Offer Price of HK$10.35 per H Share (exclusive of brokerage of 1.0%, SFC
transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange
trading fee of 0.00565%) and pursuant to the Cornerstone Investment Agreements entered
into with the Cornerstone Investors as disclosed in the section headed “Cornerstone
Investors ” in the Prospectus, the Cornerstone Investors have subscribed for a total of
11,165,500 Offer Shares, representing (i) approximately 1.43% of the total issued share
capital of the Company immediately upon the completion of the Global Offering; and (ii)
approximately 49.46% of the number of Offer Shares under the Global Offering.
• Please refer to the section headed “Cornerstone Investors ” in the Prospectus for further
details of the Cornerstone Investors.


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Confirmations of Public Shareholders in the Hong Kong Public Offering and Placees in the
International Offering
• To the best knowledge, information and belief of the Directors, no Offer Shares placed by
or through the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers or the Underwriters under the Global Offering have been placed
to applicants who are core connected persons of the Company, or connected clients (as set
out in paragraph 5(1) of Appendix 6 to the Listing Rules (the “Placing Guidelines ”), or
persons set out in paragraph 5(2) of the Placing Guidelines, whether in their own names or
through nominees. The International Offering is in compliance with the Placing Guidelines.
• The Directors confirm that, to the best of their knowledge, information and belief, (i)
none of the Offer Shares subscribed by public Shareholders in the Hong Kong Public
Offering and placees in the International Offering has been financed directly or indirectly
by the Company, its Directors, chief executive, the Single Largest Group of Shareholders,
substantial Shareholders, other existing Shareholders or any of their subsidiaries or their
respective close associates; (ii) no rebate has been, directly or indirectly, provided by
the Company, its Directors, chief executive, the Single Largest Group of Shareholders,
substantial Shareholders, other existing Shareholders or any of their subsidiaries or their
respective close associates or syndicate members or any other brokers to any public
Shareholders in the Hong Kong Public Offering or placees in the International Offering;
(iii) none of the public Shareholders in the Hong Kong Public Offering and placees in the
International Offering who has subscribed for the Offer Shares is accustomed to taking
instructions from the Company, its Directors, chief executive, the Single Largest Group
of Shareholders, substantial Shareholders, other existing Shareholders or any of their
subsidiaries or their respective close associates in relation to the acquisition, disposal,
voting or other disposition of the Shares registered in his/her/its name or otherwise held
by him/her/it; (iv) the consideration payable by the public Shareholders in the Hong Kong
Public Offering and placees in the International Offering for each Offer Share subscribed
for or purchased by them is the same as the Offer Price, in addition to brokerage of 1.0%,
SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange
trading fee of 0.00565%; and (v) there is no side agreement or arrangement between
the Company, its Directors, chief executive, the Single Largest Group of Shareholders,
substantial Shareholders, other existing Shareholders or any of their subsidiaries or their
respective close associates or syndicate members or any other brokers, on one hand, and
the public Shareholders or the placees who have subscribed for the Offer Shares, on the
other hand.
• The Directors confirm that, to the best of their knowledge, information and belief, none
of the placees under the International Offering will be placed more than 10% of the
enlarged issued share capital of the Company immediately following the completion of
the Global Offering. Accordingly, the Directors confirm that none of the placees will
become a substantial Shareholder of the Company immediately following the completion
of the International Offering, and there will not be any new substantial Shareholder of the
Company immediately following the completion of the Global Offering.
Lock-Up Undertakings
• Each of the Company, the Cornerstone Investors and all existing Shareholders is subject to
certain lock-up undertakings set out in the section headed “Lock-up Undertakings ” in this
announcement.


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Results of Allocations
• Results of allocations of the Hong Kong Offer Shares under the Hong Kong Public
Offering, including the final Offer Price, the level of indications of interest in the
International Offering, the level of applications in the Hong Kong Public Offering and
the basis of allocation of the Hong Kong Offer Shares will be published on Thursday,
November 2, 2023 on the websites of the Stock Exchange at www.hkexnews.hk  and the
Company at www.uboxol.com .
• The results of allocations of the Hong Kong Offer Shares under the Hong Kong Public
Offering successfully applied for through the HK eIPO White Form service or through
the CCASS EIPO  service, including the Hong Kong identity card numbers, passport
numbers, Hong Kong business registration numbers or certificate of incorporation numbers
of successful applicants (where applicable) and the number of Hong Kong Offer Shares
successfully applied for, will be made available at the times and dates and in the manner
specified below:
• in the announcement to be posted on the Company ’s website at www.uboxol.com
and the Stock Exchange ’s website at www.hkexnews.hk  on Thursday, November
2, 2023. Please note that the list of identification document numbers set out in
this announcement may not be a complete list of successful applicants since only
successful applicants whose identification document numbers are provided to HKSCC
by CCASS Participants or via the HK eIPO White Form  service are disclosed.
Applicants with beneficial names only but not identification document numbers are
not disclosed due to personal privacy issue as elaborated below. Applicants who
applied for the Hong Kong Offer Shares through their brokers or nominees can
consult their brokers or nominees to enquire about their application results;
• from the “IPO Results ” function in the IPO App  or the designated results of
allocations website at www.hkeipo.hk/IPOResult (or www.tricor.com.hk/ipo/result )
with a “search by ID ” function on a 24-hour basis from 8:00 a.m. on Thursday,
November 2, 2023 to 12:00 midnight on Wednesday, November 8, 2023; and
• from the allocation results telephone enquiry by calling +852 3691 8488 between 9:00
a.m. and 6:00 p.m. from Thursday, November 2, 2023 to Tuesday, November 7, 2023
(excluding Saturday, Sunday and public holiday in Hong Kong).
• This announcement contains a list of identification document numbers. Identification
document numbers shown in the section headed “Results of Applications Made by HK
eIPO White Form ” in this announcement refer to Hong Kong identity card numbers/
passport numbers/Hong Kong business registration numbers/certificate of incorporation
numbers/beneficial owner identification codes (if such applications are made by nominees
as agent for the benefit of another person), whereas those displayed in the section headed
“Results of Applications Made by Giving Electronic Application Instructions to HKSCC
via CCASS ” in this announcement are provided by CCASS Participants via CCASS.
Therefore, the identification document numbers shown in the two sections are different in
nature.


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• Since applications are subject to personal information collection statements, beneficial
owner identification codes displayed in the sections headed “Results of Applications Made
by HK eIPO White Form ” and “Results of Applications Made by Giving Electronic
Application Instructions  to HKSCC via CCASS ” are redacted and not all details of
applications are disclosed in this announcement.
Despatch/Collection of H Share Certificates and Refund Monies
• Applicants who applied for 1,000,000 or more Hong Kong Offer Shares through the HK
eIPO White Form service and who have been wholly or partially successfully allocated
Hong Kong Offer Shares may collect H Share certificates and/or refund cheques (where
applicable) in person from the H Share Registrar, Tricor Investor Services Limited, at 17/F,
Far East Finance Centre, 16 Harcourt Road, Hong Kong from 9:00 a.m. to 1:00 p.m. on
Thursday, November 2, 2023 or any other place or date as notified by the Company.
• Applicants being individuals who are eligible for personal collection must not authorize
any other person to make collection on their behalf. Corporate applicants which are
eligible for personal collection must attend by their authorized representatives bearing
letters of authorization from their corporations stamped with the corporations ’ chops. Both
individuals and authorized representatives (if applicable) must produce, at the time of
collection, evidence of identity acceptable to Tricor Investor Services Limited.
• H Share certificates for Hong Kong Offer Shares allotted to applicants who applied through
the HK eIPO White Form service which are either not available for personal collection
(including applicants who applied for less than 1,000,000 Hong Kong Offer Shares through
the HK eIPO White Form service) or which are available but are not collected in person
by 1:00 p.m. on Thursday, November 2, 2023 are expected to be despatched by ordinary
post to the addresses specified in the relevant applications at their own risk on or before
Thursday, November 2, 2023.
• Wholly or partially successful applicants who applied by giving electronic application
instructions to HKSCC via CCASS will have their H Share certificates issued in the name
of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS
Investor Participant stock accounts or the stock accounts of their designated CCASS
Participant who gave electronic application instructions on their behalf on Thursday,
November 2, 2023.
• Applicants who applied through a designated CCASS Participant (other than a CCASS
Investor Participant) should check the number of Hong Kong Offer Shares allocated to
them and the amount of refund monies payable to them with that CCASS Participant.


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• Applicants who applied as a CCASS Investor Participant by giving electronic application
instructions to HKSCC via CCASS should check and report any discrepancies to HKSCC
before 5:00 p.m. on Thursday, November 2, 2023 or such other date as shall be determined
by HKSCC or HKSCC Nominees. Applicants who applied as a CCASS Investor Participant
by giving electronic application instructions  to HKSCC via CCASS may also check
the results of their applications and the amount of refund monies payable to them via the
CCASS Phone System and the CCASS Internet System (under the procedures contained
in HKSCC ’s “An Operating Guide for Investor Participants ” in effect from time to time).
Immediately after the crediting of the Hong Kong Offer Shares to the CCASS Investor
Participants stock accounts and the crediting of the refund monies to their respective
designated bank account, HKSCC will also make available to the CCASS Investor
Participants an activity statement showing the number of Hong Kong Offer Shares credited
to their stock accounts and the amount of refund monies (if any) credited to their respective
designated bank accounts.
• Applicants who applied through the HK eIPO White Form service and paid the application
monies through a single bank account will have refund monies (if any) despatched to their
application payment bank account in the form of e-Auto Refund payment instructions on
or before Thursday, November 2, 2023. Applicants who applied through the HK eIPO
White Form service and paid the application monies through multiple bank accounts will
have refund monies (if any) despatched to the addresses specified in their application
instructions to HK eIPO White Form Service Provider,  in the form of refund cheque(s) in
favour of the applicant (or, in the case of joint applications, the first-named applicant), by
ordinary post at their own risk on or before Thursday, November 2, 2023.
• Refund monies (if any) for applicants who applied by giving electronic application
instructions to HKSCC via CCASS are expected to be credited to their designated bank
accounts or the designated bank accounts of their brokers or custodians on Thursday,
November 2, 2023.
• H Share certificates will only become valid evidence of title at 8:00 a.m. (Hong Kong time)
on Friday, November 3, 2023 provided that the Global Offering has become unconditional
in all respects at or before that time and the right of termination described in the section
headed “Underwriting – Underwriting Arrangements and Expenses – Hong Kong Public
Offering – Hong Kong Underwriting Agreement – Grounds for Termination ” in the
Prospectus has not been exercised.
• The Company will not issue any temporary documents of title in respect of the Offer
Shares and will not issue any receipt for application monies received.
Public Float
• Immediately following the completion of the Global Offering, 378,066,667 H Shares,
representing approximately 48.5% of the Company ’s issued Shares, will be held by the
public. Accordingly, the number of Shares in public hands represents no less than 25% of
the total issued Shares of the Company as required under Rule 8.08(1)(a) of the Listing
Rules. The Directors confirm that (i) the three largest public Shareholders do not hold more
than 50% of the Shares held in public hands at the time of the Listing in compliance with
Rule 8.08(3) of the Listing Rules and (ii) there will be at least 300 Shareholders at the time
of the Listing in compliance with Rule 8.08(2) of the Listing Rules.


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Commencement of Dealings
• Assuming that the Global Offering becomes unconditional in all respects at or before 8:00
a.m. on Friday, November 3, 2023 (Hong Kong time), dealings in the H Shares on the Main
Board of the Stock Exchange are expected to commence at 9:00 a.m. on Friday, November
3, 2023 (Hong Kong time). The H Shares will be traded in board lots of 500 H Shares each.
The stock code of the Shares is 2429.
• In view of the high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares
could move substantially even with a small number of H Shares traded, and should
exercise extreme caution when dealing in the H Shares.
OFFER PRICE
The Offer Price has been determined at HK$10.35 per H Share (exclusive of brokerage of 1.0%,
SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading
fee of 0.00565%).
NET PROCEEDS FROM THE GLOBAL OFFERING
At the Offer Price of HK$10.35 per H Share, the net proceeds from the Global Offering to be
received by the Company, after deduction of the underwriting fees and commissions and other
estimated expenses payable by the Company in connection with the Global Offering, are estimated
to be approximately HK$154.9 million.
The Company intends to apply such net proceeds as follows:
(a) approximately 80% of the net proceeds, or approximately HK$124.0 million, will be used
for expanding the coverage and penetration of our POS network in tier one, new tier one, tier
two and tier three cities in mainland China;
(b) approximately 5.0% of the net proceeds, or approximately HK$7.7 million, will be used
for further developing our operation capabilities and enhancing our warehouse inventory
management capabilities by building or upgrading our warehouses and/or logistics systems
across mainland China;
(c) approximately 7.0%, or HK$10.8 million, will be used for enhancing our technologies in our
operation systems and vending machines through hardware upgrade, software enhancement
and recruitment of talents; and
(d) approximately 8.0%, or HK$12.4 million, for working capital and other general corporate
purposes.
To the extent that the net proceeds from the Global Offering are not immediately used for the
purposes described above and to the extent permitted by the relevant laws and regulations, they
will be placed in short-term interest-bearing accounts at licensed banks and/or authorized financial
institutions in Hong Kong and mainland China (as defined under the SFO, the Law of the People ’s
Republic of China on Commercial Banks (جand other relevant PRC
Law) so long as it is deemed to be in the best interests of the Company. The Company will issue an
appropriate announcement if there is any material change to the above proposed use of proceeds.


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For further information, please refer to the section headed “Future Plans and Use of Proceeds ” in
the Prospectus.
APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED IN THE HONG KONG
PUBLIC OFFERING
The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering have been
significantly over-subscribed. A total of 5,308 valid applications have been received pursuant to the
Hong Kong Public Offering through the HK eIPO White Form service and through the CCASS
EIPO service for a total of 25,488,500 Hong Kong Offer Shares, representing approximately 11.29
times of the total number of 2,258,000 Hong Kong Offer Shares initially available for subscription
under the Hong Kong Public Offering, among which:
• 5,292 valid applications in respect of a total of 15,759,500 Hong Kong Offer Shares were
for the Hong Kong Public Offering with a total subscription price of HK$5 million or less at
the Offer Price of HK$11.40 per H Share (exclusive of brokerage of 1.0%, SFC transaction
levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of
0.00565%), representing approximately 13.96 times of the 1,129,000 Hong Kong Offer
Shares initially comprised in Pool A of the Hong Kong Public Offering; and
• 16 valid applications in respect of a total of 9,729,000 Hong Kong Offer Shares were for
the Hong Kong Public Offering with a total subscription price of more than HK$5 million at
the Offer Price of HK$11.40 per H Share (exclusive of brokerage of 1.0%, SFC transaction
levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of
0.00565%), representing approximately 8.62 times of the 1,129,000 Hong Kong Offer Shares
initially comprised in Pool B of the Hong Kong Public Offering.
No application has been rejected due to invalid application. Two multiple or suspected multiple
applications have been identified and rejected. No application has been rejected due to dishonored
payment. No application for more than 1,129,000 Hong Kong Offer Shares (being 50% of the Hong
Kong Offer Shares initially available under the Hong Kong Public Offering) has been identified.
As the over-subscription in the Hong Kong Public Offering is less than 15 times, the reallocation
procedures as described in the section headed “Structure of the Global Offering – The Hong
Kong Public Offering – Reallocation and clawback ” in the Prospectus have not been applied
and no International Offer Shares have been reallocated from the International Offering to the
Hong Kong Public Offering. The final number of Hong Kong Offer Shares under the Hong Kong
Public Offering is 2,258,000 H Shares, representing approximately 10% of the total number of
Offer Shares initially available under the Global Offering. There are a total number of 1,778
Shareholders who were allocated Offer Shares under the Hong Kong Public Offering, among
which, 1,547 Shareholders, representing approximately 87.01% of the Shareholders who were
allocated Offer Shares under the Hong Kong Public Offering, were allocated with one board lot of
the Offer Shares, totaling 773,500 H Shares, representing approximately 34.26% of the total Offer
Shares under the Hong Kong Public Offering.
The Offer Shares offered in the Hong Kong Public Offering were conditionally allocated on the
basis set out in the section headed “Basis of Allocation under the Hong Kong Public Offering ”
below.


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INTERNATIONAL OFFERING
The International Offer Shares initially offered under the International Offering have been slightly
over-subscribed, representing approximately 1.41 times of the total number of Offer Shares
initially available under the International Offering. The final number of International Offer Shares
under the International Offering is 20,318,500 H Shares, representing approximately 90% of the
total number of Offer Shares initially available under the Global Offering.
There are a total of 143 placees under the International Offering, among which 95 placees,
representing approximately 66.43% of the total number of placees under the International
Offering, have been allotted one board lot of Offer Shares, totaling 47,500 H Shares, representing
approximately 0.23% of the total number of Offer Shares available under the International
Offering; and 98 placees, representing approximately 68.53% of the total number of placees under
the International Offering, have been allotted five board lots or less of the Offer Shares, totaling
52,000 H Shares, representing approximately 0.26% of the total number of Offer Shares available
under the International Offering.
Cornerstone Investors
At the Offer Price of HK$10.35 per H Share (exclusive of brokerage of 1.0%, SFC transaction levy
of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of 0.00565%)
and pursuant to the Cornerstone Investment Agreements entered into with the Cornerstone
Investors as disclosed in the section headed “Cornerstone Investors ” in the Prospectus, the number
of Offer Shares subscribed for by the Cornerstone Investors is set out below:
Cornerstone Investor Investment amount (1)
Number of
Offer Shares
Subscribed (2)
Approximate
% of the
International
Offer Shares
Approximate
% of total
number of
Offer Shares
Approximate
% of
H Shares
in issue
Approximate
% of issued
share capital
Nayuki Holdings Limited
 ( “Nayuki ”) HK$61.90 million 5,981,000 29.44% 26.49% 0.94% 0.77%
SensePower Management
 Limited ( “SensePower ”) HK$27.24 million 2,631,500 12.95% 11.66% 0.41% 0.34%
Mr. Wei Jinbin (ж)
 ( “Mr. Wei ”) HK$15.64 million 1,511,000 7.44% 6.69% 0.24% 0.19%
Shenzhen Maliujia Network
 Technology Co., Ltd.
 (Ҧ
 ʮ̡ ) (“MLJ”) HK$10.78 million 1,042,000 5.13% 4.62% 0.16% 0.13%
Total HK$115.56 million 11,165,500 54.96% 49.46% 1.75% 1.43%
Notes:
(1) The investment amount is exclusive of brokerage of 1.0%, SFC transaction levy of 0.0027%, AFRC transaction
levy of 0.00015% and Stock Exchange trading fee of 0.00565% to be paid by the Cornerstone Investors in
respect of such H Shares.
(2) The actual number of Offer Shares varied from the disclosure in the Prospectus due to the actual exchange rate
used for subscription according to the relevant Cornerstone Investment Agreements. The number of Offer Shares
subscribed is rounded down to the nearest whole board lot of 500 H Shares.


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To the best knowledge of the Company, save for Nayuki (a company whose shares are listed on
the Stock Exchange (stock code: 2150)) and SensePower (an indirect wholly-owned subsidiary of
SenseTime Group Inc., a company whose Class B shares are listed on the Stock Exchange (stock
code: 0020)), none of the Cornerstone Investors or their respective controlling entity is listed on
any stock exchange. Each of the Cornerstone Investors has confirmed that all necessary approvals
have been obtained with respect to the Cornerstone Placing and that no specific approval from any
stock exchange (if relevant) or its shareholders is required for the relevant cornerstone investment
as each of them has general authority to invest.
Save as disclosed above, to the best knowledge of the Company, (i) each of the Cornerstone
Investors (and, for Cornerstone Investor(s) who will subscribe for the Offer Shares through
QDIIs, such QDIIs) is an independent third party; (ii) none of the Cornerstone Investors (and, for
Cornerstone Investor(s) who will subscribe for the Offer Shares through QDIIs, such QDIIs) is
accustomed to take instructions from the Company, the Directors, chief executive of the Company,
the Single Largest Group of Shareholders, substantial Shareholders or other existing Shareholders
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 its name or otherwise held by it; and (iii)
none of the subscription for the relevant Offer Shares by the Cornerstone Investors (and, for
Cornerstone Investor(s) who will subscribe for the Offer Shares through QDIIs, such QDIIs) is
financed by the Company, the Directors, chief executive of the Company, the Single Largest Group
of Shareholders, substantial Shareholders or other existing Shareholders or any of its subsidiaries
or their respective close associates for the purpose of subscription of the Offer Shares.
As confirmed by each of the Cornerstone Investors, their subscription under the Cornerstone
Placing would be financed by their own internal resources. There are no side agreements or
arrangements between the Company and the Cornerstone Investors or any benefit, direct or
indirect, conferred on the Cornerstone Investors by virtue of or in relation to the Cornerstone
Placing, other than a guaranteed allocation of the relevant Offer Shares at the Offer Price.
All of the Cornerstone Investors will pay and settle in full for the relevant Offer Shares that they
have subscribed before dealings in the Offer Shares commence on the Stock Exchange. As such,
there will be no deferred settlement of payment of the investment amounts. Since there is no
over-allotment option in the International Offering, there will be no delayed delivery or delayed
settlement of the Offer Shares to be subscribed by the Cornerstone Investors.
Each of the Cornerstone Investors has agreed that it will not, whether directly or indirectly, at
any time during the period of twelve months from and including the Listing Date (the “Lock-up
Period ”), dispose of any of the Offer Shares they have purchased pursuant to the relevant
Cornerstone Investment Agreements, save for certain limited circumstances, such as transfers
to any of its wholly-owned subsidiaries who will be bound by the same obligations of such
Cornerstone Investor, including the Lock-up Period restriction.
Please refer to the section headed “Cornerstone Investors ” in the Prospectus for further details of
the Cornerstone Investors.


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CONFIRMATIONS OF PUBLIC SHAREHOLDERS IN THE HONG KONG PUBLIC
OFFERING AND PLACEES IN THE INTERNATIONAL OFFERING
To the best knowledge, information and belief of the Directors, no Offer Shares placed by or
through the Overall Coordinators, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers or the Underwriters under the Global Offering have been placed to applicants who
are core connected persons of the Company, or connected clients (as set out in paragraph 5(1) of
the Placing Guidelines), or persons set out in paragraph 5(2) of the Placing Guidelines, whether in
their own names or through nominees. The International Offering is in compliance with the Placing
Guidelines.
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the
Offer Shares subscribed by public Shareholders in the Hong Kong Public Offering and placees in
the International Offering has been financed directly or indirectly by the Company, its Directors,
chief executive, substantial Shareholders, existing Shareholders or any of their subsidiaries or
their respective close associates; (ii) no rebate has been, directly or indirectly, provided by the
Company, its Directors, chief executive, substantial Shareholders, existing Shareholders or any of
their subsidiaries or their respective close associates or syndicate members or any other brokers
to any public Shareholders in the Hong Kong Public Offering or placees in the International
Offering; (iii) none of the public Shareholders in the Hong Kong Public Offering and placees in the
International Offering who has subscribed for the Offer Shares is accustomed to taking instructions
from the Company, its Directors, chief executive, substantial Shareholders, existing Shareholders
or any of their subsidiaries or their respective close associates in relation to the acquisition,
disposal, voting or other disposition of the Shares registered in his/her/its name or otherwise held
by him/her/it; (iv) the consideration payable by the public Shareholders in the Hong Kong Public
Offering and placees in the International Offering for each Offer Share subscribed for or purchased
by them is the same as the Offer Price, in addition to brokerage of 1.0%, SFC transaction levy of
0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee of 0.00565%; and
(v) there is no side agreement or arrangement between the Company, its Directors, chief executive,
substantial Shareholders, existing Shareholders or any of their subsidiaries or their respective close
associates or syndicate members or any other brokers, on one hand, and the public Shareholders or
the placees who have subscribed for the Offer Shares, on the other hand.
The Directors confirm that, to the best of their knowledge, information and belief, none of the
placees under the International Offering will be placed more than 10% of the enlarged issued
share capital of the Company immediately following the completion of the Global Offering.
Accordingly, the Directors confirm that none of the placees will become a substantial Shareholder
of the Company immediately following the completion of the International Offering, and there will
not be any new substantial Shareholder of the Company immediately following the completion of
the Global Offering.


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14
LOCK-UP UNDERTAKINGS
Each of the Company, the Single Largest Group of Shareholders, the Cornerstone Investors and
other existing Shareholders has given certain lock-up undertakings in relation to the issue and
disposal of Shares (the “Lock-up Undertakings ”). The major terms of the Lock-up Undertakings
are set out as follows:
Name
Number of
Shares subject
to the Lock-up
Undertakings
upon Listing
Approximate
percentage of
shareholding in
the Company
subject to
the Lock-up
Undertakings
upon Listing
Last day subject to the
Lock-up Undertakings
The Company
(subject to lock-up obligations pursuant to the Listing Rules and the Hong Kong Underwriting Agreement)
N/A N/A May 2, 2024 (1)
(First Six-Month Period)
November 2, 2024 (1)
(Second Six-Month Period)
The Single Largest Group of Shareholders and the existing Shareholders
(subject to lock-up obligations pursuant to the Listing Rules, the Hong Kong Underwriting Agreement and applicable PRC
laws and regulations)
Mr. Wang Bin 94,901,170 12.17% November 2, 2024 (2)
Mr. Chen Kunrong 30,949,306 3.97% November 2, 2024 (2)
Other existing Shareholders (3)
(subject to lock-up obligations pursuant to applicable PRC laws and regulations)
631,408,457 80.97% November 2, 2024 (2)
Cornerstone Investors
(subject to lock-up obligations pursuant to the Cornerstone Investment Agreements)
Nayuki 5,981,000 0.77% November 2, 2024 (2)
SensePower 2,631,500 0.34% November 2, 2024 (2)
Mr. Wei 1,511,000 0.19% November 2, 2024 (2)
MLJ 1,042,000 0.13% November 2, 2024 (2)
Notes:
(1) The Company may not, among others, issue or agree to issue or publicly announce its intention to issue Shares
or securities of the Company during the First Six-Month Period except for the issue of the Shares pursuant to
the Global Offering, the Conversion of Unlisted Shares into H Shares upon completion of the Global Offering
and the issue of any Shares pursuant to the Pre-IPO Incentive Scheme or as otherwise with the prior written
consent of the Joint Sponsors and Overall Coordinators (for themselves and on behalf of the Hong Kong
Underwriters) and unless in compliance with the Listing Rules. In the event the Company does so during the
Second Six-Month Period, the Company will take all reasonable steps to ensure that such action will not create
a disorderly or false market in any of the securities of the Company. For details of the lock-up arrangements of
the Company, please refer to the paragraphs headed “Underwriting {  Undertakings Pursuant to the Hong Kong
Underwriting Agreement {  Undertakings by our Company ” in the Prospectus.
(2) The Shareholder(s) and Cornerstone Investor(s) may dispose of or transfer Shares without any lock-up
obligation after the indicated date.
(3) For identities and details of other existing Shareholders, see the section headed “History and Development ” in
the Prospectus.


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15
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the section headed “Structure of the Global
Offering – Conditions of the Global Offering ” in the Prospectus, 5,308 valid applications made
by the public through the HK eIPO White Form service and the CCASS EIPO service will be
conditionally allocated on the basis set out below:
BASIS OF ALLOTMENT UNDER THE HONG KONG PUBLIC OFFERING
Pool A
Number of
H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of
the total
 number of
H Shares
applied for
500 3,603 541 out of 3,603 applicants to receive 500 H Shares 15.02%
1,000 224 66 out of 224 applicants to receive 500 H Shares 14.73%
1,500 66 29 out of 66 applicants to receive 500 H Shares 14.65%
2,000 64 35 out of 64 applicants to receive 500 H Shares 13.67%
2,500 88 55 out of 88 applicants to receive 500 H Shares 12.50%
3,000 40 27 out of 40 applicants to receive 500 H Shares 11.25%
3,500 16 11 out of 16 applicants to receive 500 H Shares 9.82%
4,000 736 566 out of 736 applicants to receive 500 H Shares 9.61%
4,500 16 13 out of 16 applicants to receive 500 H Shares 9.03%
5,000 121 101 out of 121 applicants to receive 500 H Shares 8.35%
6,000 25 500 H Shares 8.33%
7,000 8 500 H Shares plus 1 out of 8 applicants to
 receive an additional 500 H Shares
8.04%
8,000 32 500 H Shares plus 7 out of 32 applicants to
 receive an additional 500 H Shares
7.62%
9,000 7 500 H Shares plus 2 out of 7 applicants to
 receive an additional 500 H Shares
7.14%
10,000 45 500 H Shares plus 18 out of 45 applicants to
 receive an additional 500 H Shares
7.00%
15,000 100 500 H Shares plus 86 out of 100 applicants to
 receive an additional 500 H Shares
6.20%
20,000 12 1,000 H Shares 5.00%
25,000 16 1,000 H Shares plus 5 out of 16 applicants to
 receive an additional 500 H Shares
4.63%
30,000 7 1,000 H Shares plus 5 out of 7 applicants to
 receive an additional 500 H Shares
4.52%
35,000 6 1,500 H Shares 4.29%
40,000 6 1,500 H Shares plus 2 out of 6 applicants to
 receive an additional 500 H Shares
4.17%
45,000 3 1,500 H Shares plus 2 out of 3 applicants to
 receive an additional 500 H Shares
4.07%
50,000 8 2,000 H Shares 4.00%


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16
Pool A
Number of
H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of
the total
 number of
H Shares
applied for
60,000 4 2,000 H Shares plus 3 out of 4 applicants to
 receive an additional 500 H Shares
3.96%
70,000 3 2,500 H Shares 3.57%
80,000 6 2,500 H Shares plus 3 out of 6 applicants to
 receive an additional 500 H Shares
3.44%
90,000 5 3,000 H Shares 3.33%
100,000 16 3,000 H Shares plus 10 out of 16 applicants to
 receive an additional 500 H Shares
3.31%
200,000 6 5,500 H Shares 2.75%
300,000 2 8,000 H Shares 2.67%
400,000 1 10,500 H Shares 2.63%
Total 5,292 Total number of Pool A successful applicants:
 1,762
Pool B
Number of
H Shares
applied for
Number
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of
the total
number of
H Shares
applied for
500,000 11 59,000 H Shares 11.80%
600,000 1 69,000 H Shares 11.50%
700,000 1 80,000 H Shares 11.43%
800,000 1 90,500 H Shares 11.31%
1,000,000 1 113,000 H Shares 11.30%
1,129,000 1 127,500 H Shares 11.29%
Total 16 Total number of Pool B successful applicants: 16


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17
RESULTS OF ALLOCATIONS
Results of allocations of the Hong Kong Offer Shares under the Hong Kong Public Offering,
including the final Offer Price, the level of indications of interest in the International Offering,
the level of applications in the Hong Kong Public Offering and the basis of allocation of the Hong
Kong Offer Shares will be published on Thursday, November 2, 2023 on the websites of the Stock
Exchange at www.hkexnews.hk  and the Company at www.uboxol.com .
The results of allocations of the Hong Kong Offer Shares under the Hong Kong Public Offering
successfully applied for through the HK eIPO White Form service or through the CCASS EIPO
service, including the Hong Kong identity card numbers, passport numbers, Hong Kong business
registration numbers or certificate of incorporation numbers of successful applicants (where
applicable) and the number of Hong Kong Offer Shares successfully applied for, will be made
available at the times and dates and in the manner specified below:
• in the announcement to be posted on the Company ’s website at www.uboxol.com  and the
Stock Exchange ’s website at www.hkexnews.hk  on Thursday, November 2, 2023. Please
note that the list of identification document numbers set out in this announcement may
not be a complete list of successful applicants since only successful applicants whose
identification document numbers are provided to HKSCC by CCASS Participants or via the
HK eIPO White Form service are disclosed. Applicants with beneficial names only but not
identification document numbers are not disclosed due to personal privacy issue as elaborated
below. Applicants who applied for the Hong Kong Offer Shares through their brokers or
nominees can consult their brokers or nominees to enquire about their application results;
• from the “IPO Results ” function in the IPO App or the designated results of allocations
website at www.hkeipo.hk/IPOResult  (or www.tricor.com.hk/ipo/result ) with a “search
by ID ” function on a 24-hour basis from 8:00 a.m. on Thursday, November 2, 2023 to 12:00
midnight on Wednesday, November 8, 2023; and
• from the allocation results telephone enquiry line by calling +852 3691 8488 between 9:00
a.m. and 6:00 p.m. from Thursday, November 2, 2023, to Tuesday, November 7, 2023
(excluding Saturday, Sunday and public holiday in Hong Kong).


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18
This announcement contains a list of identification document numbers. Identification document
numbers shown in the section headed “Results of Applications Made by HK eIPO White Form ”
in this announcement refer to Hong Kong identity card numbers/passport numbers/Hong Kong
business registration numbers/certificate of incorporation numbers/beneficial owner identification
codes (if such applications are made by nominees as agent for the benefit of another person),
whereas those displayed in the section headed “Results of Applications Made by Giving Electronic
Application Instructions to HKSCC via CCASS ” in this announcement are provided by CCASS
Participants via CCASS. Therefore, the identification document numbers shown in the two sections
are different in nature.
Since applications are subject to personal information collection statements, beneficial owner
identification codes displayed in the sections headed “Results of Applications Made by HK eIPO
White Form ” and “Results of Applications Made by Giving Electronic Application Instructions
to HKSCC via CCASS ” are redacted and not all details of applications are disclosed in this
announcement.
SHAREHOLDING CONCENTRATION ANALYSIS
A summary of allotment results under the Global Offering is set out below:
• Top 1, 5, 10, 20 and 25 of the placees in the International Offering:
Placee Subscription
Number of
H Shares held
upon Listing
Number of
Shares held
upon Listing
Subscription
as % of
International
Offer Shares
Subscription
as % of total
Offer Shares
Number of
H Shares
as % of total
H Shares
Number of
Shares as %
of total Shares
upon Listing
Top 1 5,981,000 5,981,000 5,981,000 29.44% 26.49% 0.94% 0.77%
Top 5 11,976,500 11,976,500 11,976,500 58.94% 53.05% 1.88% 1.54%
Top 10 14,331,000 14,331,000 14,331,000 70.53% 63.48% 2.25% 1.84%
Top 20 17,811,000 17,811,000 17,811,000 87.65% 78.89% 2.80% 2.28%
Top 25 19,126,000 19,126,000 19,126,000 94.13% 84.71% 3.00% 2.45%
• Top 1, 5, 10, 20 and 25 Shareholders upon Listing:
Shareholder Subscription
Number of
H Shares held
upon Listing (1)
Number of
Shares held
upon Listing
Subscription
as % of
International
Offer Shares
Subscription
as % of total
Offer Shares
Number of
H Shares
as % of total
H Shares (1)
Number of
Shares as %
of total Shares
upon Listing (1)
Top 1 – 125,850,476 166,522,406 – – 19.77% 21.35%
Top 5 – 294,271,149 419,947,723 – – 46.22% 53.85%
Top 10 – 392,560,404 524,486,978 – – 61.66% 67.26%
Top 20 5,981,000 476,049,377 607,975,951 29.44% 26.49% 74.78% 77.96%
Top 25 5,981,000 500,478,977 632,405,551 29.44% 26.49% 78.62% 81.09%
Note:
1. Save as the 5,981,000 H Shares subscribed by a cornerstone investor, the other H Shares as shown in this
table represents the H Shares to be converted from domestic Shares upon Listing.


--- page 17 ---
19
• Top 1, 5, 10, 20 and 25 of all the holders of the H Shares of the Company upon Listing:
H Shareholder Subscription
Number of
H Shares held
upon Listing
Number of
Shares held
upon Listing
Subscription
as % of
International
Offer Shares
Subscription
as % of total
Offer Shares
Number of
H Shares
as % of total
H Shares
Number of
Shares as %
of total Shares
upon Listing
Top 1 – 126,315,789 126,315,789 – – 19.84% 16.20%
Top 5 – 346,493,372 387,165,302 – – 54.43% 49.65%
Top 10 – 416,448,204 463,370,134 – – 65.42% 59.42%
Top 20 5,981,000 486,299,377 533,221,307 29.44% 26.49% 76.39% 68.38%
Top 25 5,981,000 507,848,840 554,770,770 29.44% 26.49% 79.77% 71.14%
In view of the high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares could
move substantially even with a small number of H Shares traded, and should exercise extreme
caution when dealing in the H Shares.