hk-ipo/data/extracted_text/02501/allotment_results_summary_2023-10-10_2023101000018.txt

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ANNOUNCEMENT OF OFFER PRICE AND ALLOTMENT RESULTS
SUMMARY
Offer Price
• The Offer Price has been determined at HK$1.18 per Offer Share (exclusive of
brokerage of 1%, 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
• Based on the Offer Price of HK$1.18 per Offer Share, the net proceeds from the
Global Offering to be received by the Company, after deducting the underwriting
commissions and other estimated expenses payable by the Company in connection
with the Global Offering, are estimated to be approximately HK$90.9 million. The
Company intends to use such net proceeds in the manner as set out in the section
headed “Net Proceeds from the Global Offering” in this announcement.
Applications and Indications of Interest Received under the Hong Kong Public Offer
• The Hong Kong Offer Shares initially offered under the Hong Kong Public Offer
have been slightly over-subscribed. A total of 1,511 valid applications have been
received pursuant to the Hong Kong Public Offer (being applications made through
the HK eIPO White Form  service and the CCASS EIPO  service) for a total of
30,856,000 Hong Kong Offer Shares, representing approximately 2.46 times of
the total number of 12,500,000 Hong Kong Offer Shares initially available for
subscription under the Hong Kong Public Offer.
• The reallocation procedures as described in the section headed “Structure and
Conditions of the Global Offering — Hong Kong Public Offer — Reallocation” in
the Prospectus have not been applied. The final number of Offer Shares under the
Hong Kong Public Offer remains to be 12,500,000 Offer Shares, representing 10%
of the total number of Offer Shares initially available under the Global Offering,
which have been allocated to 1,511 successful applicants under the Hong Kong
Public Offer.


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International Placing
• The International Placing Shares initially offered under the International Placing
have been slightly over-subscribed, representing approximately 1.16 times the
number of International Placing Shares initially available under the International
Placing. The reallocation procedures as described in the section headed “Structure
and Conditions of the Global Offering — Hong Kong Public Offer — Reallocation”
in the Prospectus have not been applied. The final number of International Placing
Shares under the International Placing remains to be 112,500,000 Offer Shares,
representing 90% of the total number of Offer Shares initially available under the
Global Offering.
• No over-allocation of Offer Shares has been made and there are a total of 102
placees under the International Placing, among which 45 placees have been allotted
five or fewer board lots of Offer Shares, representing approximately 44.1% of the
102 placees under the International Placing and 44 placees have been allotted one
board lot of Offer Shares, representing approximately 43.1% of the 102 placees
under the International Placing.
• The International Placing has been conducted in compliance with the Placing
Guidelines for Equity Securities in Appendix 6 to the Listing Rules (the “Placing
Guidelines”). None of the Sole Sponsor, the Sole Overall Coordinator, the
Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the
Underwriters, the Capital Market Intermediaries and their respective affiliated
companies and connected clients of the lead broker or of any distributors (as defined
in the Placing Guidelines) has taken up any Offer Shares for its own benefit under
the Global Offering.
• To the best knowledge of the Company, (i) none of the Offer Shares subscribed
for by public Shareholders in the Hong Kong Public Offer and placees in the
International Placing has been financed directly, or indirectly by the Company,
the Directors, the chief executive of the Company or any of its subsidiaries, the
Controlling Shareholders, substantial shareholders (as defined in the Listing Rules)
of the Company, existing Shareholders, or any of their respective close associates;
(ii) none of the public Shareholders in the Hong Kong Public Offer and placees in
the International Placing who has subscribed for the Offer Shares is accustomed
to taking instructions from the Company, the Directors, the chief executive of
the Company or any of its subsidiaries, the Controlling Shareholders, substantial
shareholders (as defined in the Listing Rules) of the Company, existing Shareholders,
or any of their respective close associates in relation to the acquisition, disposal,
voting or other disposition of the Shares registered in their name or otherwise held
by them; (iii) no rebate has been, directly or indirectly, provided by the Company,


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the Directors, the chief executive of the Company or any of its subsidiaries, the
Controlling Shareholders, the substantial shareholders (as defined in the Listing
Rules) of the Company, the existing Shareholders, or any of their respective close
associates, or syndicate members or any brokers or underwriters to any public
Shareholders in the Hong Kong Public Offer or placees in the International Placing;
(iv) the consideration payable by the public Shareholders in the Hong Kong Public
Offer and placees in the International Placing for each Offer Share subscribed for
or purchased by them is the same as the final Offer Price as determined by the
Company, in additional 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, any of
the Directors, the chief executive of the Company or any of its subsidiaries, the
Controlling Shareholders, the substantial shareholders (as defined in the Listing
Rules) of the Company, the existing Shareholders, or any of their respective close
associates or syndicate members or any other brokers or underwriters, on one hand,
and the public Shareholder or the placee who has subscribed for the Offer Shares, on
the other hand.
• The Directors confirm that, to the best of their knowledge, information and belief,
no Offer Shares under the International Placing placed by or through the Sole
Overall Coordinator, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers, the Underwriters or the Capital Market Intermediaries under the
Global Offering have been placed with any core connected persons (as defined in the
Listing Rules) of the Company, or to any 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.
Over-allotment Option
• The Sole Overall Coordinator confirmed that no over-allocation of the Offer Shares
under the International Placing has been made. Accordingly, the Stock Borrowing
Agreement has not been and will not be entered into, and the Over-allotment Option
has not been and will not be exercised. In view of the fact that there has been no
over-allocation of the Offer Shares under the International Placing, no stabilising
actions as described in the Prospectus will take place during the stabilising period.
Lock-up Undertakings
• The Company, the Controlling Shareholders and the Pre-IPO Investors are
subject to certain lock-up undertakings as set out in the section headed “Lock-up
Undertakings” in this announcement.


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Results of Allocations
• The final Offer Price, the level of indication of interest in the International Placing,
the level of applications in the Hong Kong Public Offer and the basis of allocation
of the Hong Kong Offer Shares are published on the website of the Stock Exchange
at www.hkexnews.hk and the website of the Company at www.maiyuesoft.com on
Tuesday, 10 October 2023.
• The results of allocations in the Hong Kong Public Offer (with successful applicants’
identification document numbers, where appropriate) will be available at the times
and dates and in the manner set out below:
(i) in the announcement to be posted on the website of the Stock Exchange at
www.hkexnews.hk and the website of the Company at www.maiyuesoft.com
by no later than 9:00 a.m. on Tuesday, 10 October 2023;
( i i ) from the designated results of allocations website at
www.tricor.com.hk/ipo/result  and www.hkeipo.hk/IPOResult  or the “IPO
Results” function in the IPO App with a “search by ID” function on a 24-
hour basis from 8:00 a.m. on Tuesday, 10 October 2023 to 12:00 midnight on
Monday, 16 October 2023; and
(iii) by telephone enquiry line by calling 3691 8488 between 9:00 a.m. and 6:00 p.m.
from Tuesday, 10 October 2023 to Friday, 13 October 2023 on a business day.
• 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. 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
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 can
consult their brokers to enquire about their application results.


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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 Share Certificates/e-Auto Refund Payment Instructions/
Refund Cheques
• Applicants who have applied 1,000,000 Hong Kong Offer Shares or more through
the HK eIPO White Form service and who have been successfully or partially
successfully allocated Hong Kong Offer Shares may collect Share certificate(s)
and/or refund cheque(s) (where applicable) in person from the Hong Kong 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 Tuesday, 10 October
2023, or such other date as notified by the Company as the date of despatch/
collection of Share certificates/e-Refund payment instructions/refund cheques.
• Applicants being individuals who are eligible for personal collection may not
authorise any other person to collect on their behalf. Applicants being corporations
who opt for personal collection must attend through their authorised representatives
bearing letters of authorisation from their corporation stamped with the corporation’s
chop. Individuals must produce evidence of identity acceptable to the Hong Kong
Share Registrar at the time of collection.
• If an applicant who does not collect their Share certificate(s) and/or refund cheque(s)
(where applicable) personally within the time specified for collection, they will
be sent to the address specified in his/her/its application instructions on or before
Tuesday, 10 October 2023 by ordinary post at his/her/own risk.
• Share certificate(s) for applicants who have applied less than 1,000,000 Hong Kong
Offer Shares through the HK eIPO White Form service will be sent to the address
specified in his/her/its application instructions on or before Tuesday, 10 October
2023 by ordinary post at his/her/its own risk.
• If an applicant has applied for the Hong Kong Offer Shares through the HK eIPO
White Form service and paid the application monies from a single bank account,
any refund monies will be despatched to that bank account in the form of e-Auto
Refund payment instructions. If an applicant has applied for the Hong Kong Offer
Shares through the HK eIPO White Form service and paid the application monies
from multiple bank accounts, any refund monies will be despatched to the address as
specified in his/her/its application instructions in the form of refund cheque(s) in his/
her/its name (or, in case of joint applications, the first-named applicant) by ordinary
post at his/her/its own risk. No interest will be paid thereon.


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• Wholly or partially successful applicants who have applied by giving electronic
application instructions to HKSCC via CCASS will have their Share certificate(s)
issued in the name of HKSCC Nominees and deposited into CCASS for the credit
of the applicant’s designated CCASS Participant’s stock account or the applicant’s
CCASS Investor Participant stock account on Tuesday, 10 October 2023, or, on any
other date determined by HKSCC or HKSCC Nominees.
• Applicants who have 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 (if any) payable to them with that
CCASS Participant.
• Applicants who have 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 Tuesday, 10 October 2023 or such
other date as determined by HKSCC or HKSCC Nominees. Applicants who
have applied as a CCASS Investor Participant by giving electronic application
instructions to HKSCC via CCASS can also check the number of Hong Kong
Offer Shares allocated to them and the amount of refund monies (if any) 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) on Tuesday, 10 October 2023. Immediately following
the credit of the Hong Kong Offer Shares to the CCASS Investor Participants stock
accounts and the credit of refund monies to the CCASS Investor Participants bank
accounts, HKSCC will also make available to the CCASS Investor Participant an
activity statement showing the number of Hong Kong Offer Shares credited to their
CCASS Investor Participant stock accounts and the amount of refund monies (if
any) credited to their respective designated bank accounts.
• Refund monies (if any) for applicants who have applied by giving electronic
application instructions to HKSCC via CCASS will be credited to their respective
designated bank accounts or the designated bank accounts of their respective brokers
or custodians on Tuesday, 10 October 2023.
• Share certificates will only become valid at 8:00 a.m. on 11 October 2023,
provided that (i) the Global Offering has become unconditional in all respects; and
(ii) the right of termination as described in the section headed “Underwriting —
Underwriting arrangements and expenses — Hong Kong Public Offer — Grounds
for termination” of the Prospectus has not been exercised. Investors who trade
Shares prior to the receipt of Share certificates or prior to the Share certificates being
valid evidence of title do so entirely at their own risk.
• No temporary evidence of title will be issued in respect of the Shares. No receipt
will be issued for sums paid on application.


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Public Float
• Immediately after completion of the Global Offering and the Capitalisation Issue,
(i) 194,000,000 Shares, representing 38.8% of the issued Shares will be held in the
public hands, satisfying the minimum percentage requirement under Rule 8.08(1)
of the Listing Rules; (ii) the three largest public Shareholders will not hold more
than 50% of the Shares held in the public hands at the time of Listing in compliance
with Rules 8.08(3) and 8.24 of the Listing Rules; and (iii) there will be at least 300
Shareholders at the time of Listing in compliance with Rule 8.08(2) of the Listing
Rules.
• The Directors confirm that immediately after the completion of the Global Offering,
(i) no placee will, individually, be placed more than 10% of the enlarged issued share
capital of the Company; and (ii) there will not be any new substantial shareholder (as
defined in the Listing Rules) of the Company.
Commencement of Dealings
• Assuming that the Global Offering becomes unconditional in all respects at or before
8:00 a.m. on Wednesday, 11 October 2023, it is expected that dealings in the Shares
on the Stock Exchange will commence at 9:00 a.m. on Wednesday, 11 October
2023. The Shares will be traded in board lots of 2,000 Shares each. The stock code
of the Shares is 2501.
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 Shares
could move substantially even with a small number of Shares traded, and should
exercise extreme caution when dealing in the Shares.
OFFER PRICE
The Offer Price has been determined at HK$1.18 per Offer Share (exclusive of brokerage
of 1%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock
Exchange trading fee of 0.00565%).


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NET PROCEEDS FROM THE GLOBAL OFFERING
Based on the Offer Price of HK$1.18 per Offer Share, the net proceeds from the Global
Offering to be received by the Company, after deducting the underwriting commissions and
other estimated expenses payable by the Company in connection with the Global Offering,
are estimated to be approximately HK$90.9 million. The Company intends to use such net
proceeds in the following manner:
• approximately 20.9%, or HK$19.0 million, of the net proceeds will be used to fund the
Company’s capital needs and cash flow for the Company’s new projects as part of the
Company’s expansion strategy;
• approximately 27.8%, or HK$25.3 million, of the net proceeds will be used to establish
and strengthen the Company’s research and development centres and recruit additional
research and development staff to strengthen the Company’s research and development
capabilities;
• approximately 9.1%, or HK$8.3 million, of the net proceeds will be used to recruit
additional staff in the Company’s sales and marketing team, project management team
and technical team in support of the Company’s business expansion;
• approximately 11.8%, or HK$10.7 million, of the net proceeds will be used to upgrade
the Company’s IT infrastructure including upgrading and optimising the Company’s
existing IT infrastructure to enable the Company to effectively monitor and control the
Company’s operations and setting up interactive information kiosks;
• approximately 20.4%, or HK$18.5 million, of the net proceeds will be used to optimise
the Company’s capital structure and improve the Company’s liquidity profile by
repaying part of the Company’s bank borrowings; and
• the remaining balance of approximately 10.0%, or HK$9.1 million, of the net proceeds
will be used for working capital and general corporate purposes.
For further information, please refer to the section headed “Future Plans and Use of
Proceeds” in the Prospectus.


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APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED UNDER
THE HONG KONG PUBLIC OFFER
The Hong Kong Offer Shares initially offered under the Hong Kong Public Offer have been
slightly over-subscribed. A total of 1,511 valid applications have been received pursuant to
the Hong Kong Public Offer (being applications made through the HK eIPO White Form
service and the CCASS EIPO service) for a total of 30,856,000 Hong Kong Offer Shares,
representing approximately 2.46 times of the total number of 12,500,000 Hong Kong Offer
Shares initially available for subscription under the Hong Kong Public Offer, among which:
• 1,509 valid applications in respect of a total of 22,856,000 Hong Kong Offer Shares
were for the Hong Kong Public Offer with an aggregate subscription amount based
on the maximum Offer Price of HK$1.40 per Offer Share (excluding brokerage of
1%, SFC transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%) of HK$5 million or below, representing
approximately 3.66 times of the 6,250,000 Hong Kong Offer Shares initially comprised
in pool A; and
• 2 valid applications in respect of a total of 8,000,000 Hong Kong Offer Shares were
for the Hong Kong Public Offer with an aggregate subscription amount based on the
maximum Offer Price of HK$1.40 per Offer Share (excluding brokerage of 1%, SFC
transaction levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange
trading fee of 0.00565%) of over HK$5 million, representing approximately 1.28 times
of the 6,250,000 Hong Kong Offer Shares initially comprised in pool B.
No application has been rejected due to invalid application. No multiple or suspected
multiple application was identified and rejected. No dishonoured payment has been
identified and rejected. No application for more than 6,250,000 Hong Kong Offer Shares
(being 50% of the 12,500,000 Hong Kong Offer Shares initially available for subscription
under the Hong Kong Public Offer) has been identified.
The reallocation procedures as described in the section headed “Structure and Conditions of
the Global Offering — Hong Kong Public Offer — Reallocation” in the Prospectus have not
been applied. The final number of Offer Shares under the Hong Kong Public Offer remains
to be 12,500,000 Offer Shares, representing 10% of the total number of Offer Shares
initially available under the Global Offering, which have been allocated to 1,511 successful
applicants under the Hong Kong Public Offer.
The Offer Shares offered in the Hong Kong Public Offer were conditionally allocated on the
basis set out in the section headed “Basis of Allocation under the Hong Kong Public Offer”
below.


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INTERNATIONAL PLACING
The International Placing Shares initially offered under the International Placing have been
slightly over-subscribed, representing approximately 1.16 times the number of International
Placing Shares initially available under the International Placing. The reallocation
procedures as described in the section headed “Structure and Conditions of the Global
Offering — Hong Kong Public Offer — Reallocation” in the Prospectus have not been
applied. The final number of International Placing Shares under the International Placing
remains to be 112,500,000 Offer Shares, representing 90% of the total number of Offer
Shares initially available under the Global Offering.
No over-allocation of Offer Shares has been made and there are a total of 102 placees
under the International Placing, among which 45 placees have been allotted five or fewer
board lots of Offer Shares, representing approximately 44.1% of the 102 placees under
the International Placing and 44 placees have been allotted one board lot of Offer Shares,
representing approximately 43.1% of the 102 placees under the International Placing.
The International Placing has been conducted in compliance with the Placing Guidelines for
Equity Securities in Appendix 6 to the Listing Rules. None of the Sole Sponsor, the Sole
Overall Coordinator, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers, the Underwriters, the Capital Market Intermediaries and their respective affiliated
companies and connected clients of the lead broker or of any distributors (as defined in
the Placing Guidelines) has taken up any Offer Shares for its own benefit under the Global
Offering.
To the best knowledge of the Company, (i) none of the Offer Shares subscribed for by
public Shareholders in the Hong Kong Public Offer and placees in the International Placing
has been financed directly, or indirectly by the Company, the Directors, the chief executive
of the Company or any of its subsidiaries, the Controlling Shareholders, substantial
shareholders (as defined in the Listing Rules) of the Company, existing Shareholders, or any
of their respective close associates; (ii) none of the public Shareholders in the Hong Kong
Public Offer and placees in the International Placing who has subscribed for the Offer Shares
is accustomed to taking instructions from the Company, the Directors, the chief executive
of the Company or any of its subsidiaries, the Controlling Shareholders, substantial
shareholders (as defined in the Listing Rules) of the Company, existing Shareholders, or any
of their respective close associates in relation to the acquisition, disposal, voting or other
disposition of the Shares registered in their name or otherwise held by them; (iii) no rebate
has been, directly or indirectly, provided by the Company, the Directors, the chief executive
of the Company or any of its subsidiaries, the Controlling Shareholders, the substantial
shareholders (as defined in the Listing Rules) of the Company, the existing Shareholders, or
any of their respective close associates, or syndicate members or any brokers or underwriters
to any public Shareholders in the Hong Kong Public Offer or placees in the International
Placing; (iv) the consideration payable by the public Shareholders in the Hong Kong


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Public Offer and placees in the International Placing for each Offer Share subscribed for
or purchased by them is the same as the final Offer Price as determined by the Company,
in additional 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, any of the Directors, the chief executive
of the Company or any of its subsidiaries, the Controlling Shareholders, the substantial
shareholders (as defined in the Listing Rules) of the Company, the existing Shareholders,
or any of their respective close associates or syndicate members or any other brokers or
underwriters, on one hand, and the public Shareholder or the placee who has subscribed for
the Offer Shares, on the other hand.
The Directors confirm that, to the best of their knowledge, information and belief, no Offer
Shares under the International Placing placed by or through the Sole Overall Coordinator,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the
Underwriters, the Capital Market Intermediaries under the Global Offering have been placed
with any core connected persons (as defined in the Listing Rules) of the Company, or to
any 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.
Over-allotment Option
In connection with the Global Offering, the Company has granted the Over-allotment
Option to the International Underwriters, exercisable by the Sole Overall Coordinator (for
itself and on behalf of the International Underwriters) at any time from the Listing Date to
Friday, 3 November 2023, the 30th day after the last day for lodging applications under the
Hong Kong Public Offer, pursuant to which the Company may be required to allot and issue
up to an aggregate of 18,750,000 additional new Shares, representing 15% of the initial
number of Offer Shares offered under the Global Offering, at the Offer Price to cover the
over-allocation in the International Placing.
The Sole Overall Coordinator confirmed that no over-allocation of the Offer Shares under
the International Placing has been made. Accordingly, the Stock Borrowing Agreement
has not been and will not be entered into, and the Over-allotment Option has not been and
will not be exercised. In view of the fact that there has been no over-allocation of the Offer
Shares under the International Placing, no stabilising actions as described in the Prospectus
will take place during the stabilising period.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFER
Subject to the satisfaction of the conditions set out in the paragraph headed “Structure and
Conditions of the Global Offering — Conditions of the Global Offering” in the Prospectus,
1,511 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:
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
2,000 959 2,000 Shares 100.00%
4,000 78 2,000 Shares plus 39 out of 78 applicants to receive
an additional 2,000 Shares
75.00%
6,000 134 2,000 Shares plus 108 out of 134 applicants to
receive an additional 2,000 Shares
60.20%
8,000 29 4,000 Shares 50.00%
10,000 56 4,000 Shares plus 14 out of 56 applicants to receive
an additional 2,000 Shares
45.00%
20,000 40 6,000 Shares plus 30 out of 40 applicants to receive
an additional 2,000 Shares
37.50%
30,000 112 8,000 Shares plus 56 out of 112 applicants to
receive an additional 2,000 Shares
30.00%
40,000 11 10,000 Shares 25.00%
50,000 10 10,000 Shares plus 9 out of 10 applicants to receive
an additional 2,000 Shares
23.60%
60,000 4 12,000 Shares plus 2 out of 4 applicants to receive
an additional 2,000 Shares
21.67%
70,000 17 14,000 Shares plus 1 out of 17 applicants to receive
an additional 2,000 Shares
20.17%
80,000 4 14,000 Shares plus 3 out of 4 applicants to receive
an additional 2,000 Shares
19.38%
90,000 2 16,000 Shares plus 1 out of 2 applicants to receive
an additional 2,000 Shares
18.89%
100,000 24 16,000 Shares plus 18 out of 24 applicants to
receive an additional 2,000 Shares
17.50%
200,000 22 24,000 Shares plus 4 out of 22 applicants to receive
an additional 2,000 Shares
12.18%


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No. of
Shares
applied for
No. of
valid
applications Basis of allotment/ballot
Approximate
percentage
allotted of the
total no. of
Shares applied
for
300,000 1 32,000 Shares 10.67%
400,000 2 38,000 Shares 9.50%
500,000 1 44,000 Shares 8.80%
600,000 1 48,000 Shares 8.00%
1,000,000 1 66,000 Shares 6.60%
2,000,000 1 100,000 Shares 5.00%
Total 1,509 Total number of Pool A successful applicants: 1,509
POOL B
4,000,000 2 3,124,000 Shares plus 1 out of 2 applicants to
receive an additional 2,000 Shares
78.13%

Total 2 Total number of Pool B successful applicants: 2
The final number of Offer Shares comprising the Hong Kong Public Offer is 12,500,000
Offer Shares, representing 10% of the total number of the Offer Shares initially available
under the Global Offering.


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LOCK-UP UNDERTAKINGS
The Company, the Controlling Shareholders and the Pre-IPO Investors are subject to certain
lock-up undertakings (the “Lock-up Undertakings”) in respect of the Shares. The major
terms of the Lock-up Undertakings are set out as follows:
Name
Number of
Shares subject
to the Lock-up
Undertakings
after Listing
Approximate
percentage of
the total issued
share capital of
the Company
following the
completion
of the Global
Offering which
are subject to
the Lock-up
Undertakings
upon Listings
Last day of the
lock-up period
The Company(1)
(subject to lock-up obligations
pursuant to the Listing
Rules and the Underwriting
Agreements)
N/A N/A 10 April 2024
(First Six-Month Period);
10 October 2024
(Second Six-Month Period)
Controlling Shareholders(2)
(subject to lock-up obligations
pursuant to the Listing
Rules and the Underwriting
Agreements)
306,000,000 61.2% 10 April 2024
(First Six-Month Period);
 10 October 2024
(Second Six-Month Period)
Pre-IPO Investors
(subject to lock-up obligations
pursuant to the relevant share
purchase agreements)
Mr. Ye (through Canwest Profits) 30,000,000 6.0% 10 April 2024
Mr. Chan (through Million Oak) 28,125,000 5.625% 10 April 2024
Mr. Chua 10,875,000 2.175% 10 April 2024
Total 375,000,000 75.0%


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– 17 –
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 Capitalisation Issue, the exercise of the Over-allotment
Option, the grant of options under the Share Option Scheme and the issue of Shares on the exercise
thereof or as otherwise with the prior written consent of the Sole Sponsor and the Sole Overall
Coordinator, and unless in compliance with the Listing Rules. In the event the Company does so by
virtue of the aforesaid exceptions or 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
Shares or other securities of the Company. For details of the lock-up arrangements of the Company,
please refer to the paragraphs headed “Underwriting — Hong Kong Underwriting Agreement —
Undertakings by our Company” in the Prospectus.
2. The Controlling Shareholders may not, among others, transfer or dispose of or agree to transfer or
dispose of or publicly announce any intention to transfer or dispose of any Shares or securities of the
Company during the First Six-Month Period without the prior written consent of the Sole Sponsor
and the Sole Overall Coordinator and unless in compliance with the Listing Rules. The Controlling
Shareholders may not, among others, enter into or agree to or publicly announce any intention to enter
into transfer or disposal of any Shares or securities of the Company during the Second Six-Month
Period, if, immediately following such transfer or disposal, he/she/it will cease to be a controlling
shareholder and/or a group of controlling shareholders of the Company. For details of the lock-up
arrangements of the Controlling Shareholders, please refer to the paragraphs headed “Underwriting —
Hong Kong Underwriting Agreement — Undertaking by our Controlling Shareholders”.
RESULTS OF ALLOCATIONS
The final Offer Price, the level of indication of interest in the International Placing, the level
of applications in the Hong Kong Public Offer and the basis of allocation of the Hong Kong
Offer Shares are published on the website of the Stock Exchange at www.hkexnews.hk  and
the website of the Company at www.maiyuesoft.com on Tuesday, 10 October 2023.
The results of allocations in the Hong Kong Public Offer (with successful applicants’
identification document numbers, where appropriate) will be available at the times and dates
and in the manner set out below:
(i) in the announcement to be posted on the website of the Stock Exchange at
www.hkexnews.hk and the website of the Company at www.maiyuesoft.com  by no
later than 9:00 a.m. on Tuesday, 10 October 2023;


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– 18 –
(ii) from the designated results of allocations website at www.tricor.com.hk/ipo/result
and www.hkeipo.hk/IPOResult or the “IPO Results” function in the IPO App with
a “search by ID” function on a 24-hour basis from 8:00 a.m. on Tuesday, 10 October
2023 to 12:00 midnight on Monday, 16 October 2023; and
(iii) by telephone enquiry line by calling 3691 8488 between 9:00 a.m. and 6:00 p.m. from
Tuesday, 10 October 2023 to Friday, 13 October 2023 on a business day.
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.
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 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 can consult their brokers to enquire
about their application results.
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.


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– 19 –
SHAREHOLDING CONCENTRATION ANALYSIS
Set out below is an analysis of shareholding concentration in the International Placing.
• subscription and number of Shares held by the top 1, 5, 10, 20 and 25 of the placees
out of the International Placing Shares, total Offer Shares and total issued share capital
of the Company upon Listing:
Placee
Number
of Shares
subscribed for
Number of
Shares held
upon Listing
Subscription
as % of
International
Placing
Subscription
as % of total
Offer Shares
Total
shareholding
as % of total
issued share
capital upon
Listing
Top 1 14,544,000 14,544,000 12.9% 11.6% 2.9%
Top 5 54,516,000 54,516,000 48.5% 43.6% 10.9%
Top 10 79,622,000 79,622,000 70.8% 63.7% 15.9%
Top 20 103,474,000 103,474,000 92.0% 82.8% 20.7%
Top 25 106,716,000 106,716,000 94.9% 85.4% 21.3%
• subscription and number of Shares held by the top 1, 5, 10, 20 and 25 of the
Shareholders out of the International Placing Shares, total Offer Shares and total issued
share capital of the Company upon Listing:
Shareholder
Number
of Shares
subscribed for
Number of
Shares held
upon Listing
Subscription
as % of
International
Placing
Subscription
as % of total
Offer Shares
Total
shareholding
as % of total
issued share
capital upon
Listing
Top 1 — 306,000,000 0.0% 0.0% 61.2%
Top 5 14,544,000 389,544,000 12.9% 11.6% 77.9%
Top 10 60,340,000 435,340,000 53.6% 48.3% 87.1%
Top 20 98,410,000 473,410,000 81.9% 78.7% 94.7%
Top 25 108,306,000 483,306,000 90.7% 86.6% 96.7%
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 Shares
could move substantially even with a small number of Shares traded, and should
exercise extreme caution when dealing in the Shares.