Files
hk-ipo/data/extracted_text/02649/allotment_results_2026-03-06_2026030601405.txt
T
geometrybase 6d05056609 Backfill structured T1 demand from archived text
Request:
- Use archivist to close the 137 T1 ipo_demand source-only gaps using extracted PDF text.

Changes:
- Add an incremental T1 demand text backfill script.
- Parse existing allotment-result extracted text into ipo_demand.
- Archive linked Summary PDFs from old HKEX HTML allotment-result pages.
- Correct allotment-result selection to prefer primary result announcements over clarification or supplemental notices.
- Add robust line-aware allotment parsing and document the workflow in archivist and README.
- Record the backfill result in a report.

Execution:
- Selected 137 source-only T1 demand gaps.
- Wrote 137 ipo_demand rows, increasing ipo_demand from 154 to 291 rows.
- Archived 38 new HKEX allotment-result PDFs and extracted their text.
- Confirmed an incremental rerun selects 0 gaps and writes 0 rows.

Verification:
- Ran git diff --cached --check.
- Ran py_compile for archive_hkex_documents.py and backfill_t1_demand_from_text.py.
- Checked SQLite integrity and foreign keys.
- Confirmed DB row counts match CSV snapshots.
- Verified no T1 complete row is missing ipo_demand.
- Verified source_refs paths/files/hashes and PDF extracted-text manifest hashes.

Next useful context:
- T1 demand structure is complete for listed rows; 06106 and 06675 remain pending_not_due.
- T2 grey-market and due price-performance gaps remain separate archivist priorities.
- Analyst output should be regenerated before using the new T1 demand facts for scoring.
2026-06-15 13:59:06 +00:00

762 lines
29 KiB
Plaintext
Raw Blame History

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--- page 1 ---
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, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act ”) or
securities law of any state or other jurisdiction of the United States. The securities may not be offered, sold, pledged
or otherwise transferred within 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. The securities are being offered
and sold outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities
Act. There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for securities. This announcement is not a prospectus. Potential investors should read the prospectus dated
February 27, 2026 (the “Prospectus ”) issued by ALSCO Pooling Service Co., Ltd. (ࠢ
ʮ̡) (the “Company ”) for detailed information about the Global Offering described below before deciding whether
or not to invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should
be taken solely in reliance on the information in the Prospectus. The Company has not been and will not be registered
under the U.S. Investment Company Act of 1940, as amended.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
Potential investors of the Offer Shares should note that the Sponsor-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 section 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 Monday, March 9, 2026).
--- page 2 ---
2
ʮ̡
ALSCO Pooling Service Co., Ltd.
(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
: 20,336,000 H Shares
Number of Hong Kong Offer Shares : 2,034,000 H Shares
Number of International Offer Shares : 18,302,000 H Shares
Final Offer Price : HK$11.0 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
Hong Kong Stock Exchange trading fee of
0.00565% and AFRC transaction levy of
0.00015%
Nominal value : RMB1.00 per H Share
Stock code : 2649
Sole Sponsor, Overall Coordinator, Joint Global Coordinator, Joint Bookrunner
and Joint Lead Manager
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager
and Financial Adviser
Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers
(in alphabetical order)
--- page 3 ---
3
ALSCO Pooling Service Co., Ltd.
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same
meanings as those defined in the prospectus dated February 27, 2026 (the “Prospectus ”) issued by
ALSCO Pooling Service Co., Ltd. (the “Company ”).
Warning: In view of high concentration of shareholding in a small number of H
Shareholders, H 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 2649
Stock short name ALSCO POOLING
Dealings commencement date March 9, 2026 *
* see note at the end of the announcement
Price Information
Final Offer Price HK$11.00
Offer Price Range HK$11.00 HK$14.00
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Number of Offer Shares 20,336,000
Number of Offer Shares in Hong Kong Public Offering 2,034,000
Number of Offer Shares in International Offering 18,302,000
Number of issued Shares upon Listing 90,336,000
--- page 4 ---
4
Proceeds
Gross proceeds (Note) HK$223.70 million
Less: Estimated listing expenses payable based on final
Offer Price HK$(48.18) million
Net proceeds HK$175.52 million
Note: Gross proceeds refer 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 162,571
No. of successful applications 4,068
Subscription level 5,297.23 times
Claw-back triggered No
No. of Offer Shares initially available under the Hong Kong Public
Offering 2,034,000
Final no. of Offer Shares under the Hong Kong Public Offering 2,034,000
% of Offer Shares under the Hong Kong Public Offering to the Global
Offering 10%
Note: For details of the final allocation of H Shares to the Hong Kong Public Offering, investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a search by name or identification number or www.eipo.com.hk/eIPOAllotment
for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 162
Subscription level 4.20 times
No. of Offer Shares initially available under the International Offering 18,302,000
Final no. of Offer Shares under the International Offering 18,302,000
% of Offer Shares under the International Offering to the Global
Offering 90%
--- page 5 ---
5
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the
Offer Shares subscribed by the placees and the public have been financed directly or indirectly
by the Company, any of the Directors, Supervisors, chief executive of the Company, Controlling
Shareholders, substantial Shareholders, existing Shareholders of the Company or any of its
subsidiaries or their respective close associates; and (ii) none of the placees and the public who
have purchased the Offer Shares are accustomed to taking instructions from the Company, any of
the Directors, Supervisors, chief executive of the Company, Controlling Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective
close associates in relation to the acquisition, disposal, voting or other disposition of H Shares
registered in his/her/its name or otherwise held by him/her/it.
Furthermore, the Directors confirm that, to the best of their knowledge, no rebate has been, directly
or indirectly, provided by the Company, the Controlling Shareholders, Directors or syndicate
members to any placees or the public (as the case may be) and the consideration payable by them
for each Offer Share subscribed for or purchased by them is the same as the final Offer Price
determined by the Company, in addition to any brokerage, AFRC transaction levy, SFC transaction
levy and Stock Exchange trading fee payable. There is also no side agreement or arrangement
between the Company or any of its subsidiaries, their directors, chief executive, its Controlling
Shareholders, substantial shareholders, existing Shareholders, or any of their respective close
associates, on one hand, and the public subscribers or the placees who have subscribed for the
Offer Shares, on the other hand. The International Offering is in compliance with Appendix F1 to
the Listing Rules (the “Placing Guidelines ”).
The placees in the International Offer include the following:
--- page 6 ---
6
Allotees with Waivers/Consents Obtained
Investor
No. of
Offer Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the Global
Offering Relationship
Allottees with consent under paragraph 5(1) of the Placing Guidelines in relation to subscription of
shares by connected clients (Note 1)
Bosera Asset Management
(International) Co., Limited 175,000 0.86% 0.19% Connected client
CHINA ASSET
MANAGEMENT (HONG
KONG) LIMITED 175,000 0.86% 0.19% Connected client
Value Partners Limited and
Value Partners Hong Kong
Limited 213,000 1.05% 0.24% Connected client
Note:
1. For details of the consent under paragraph 1C(1) of the Placing Guidelines to permit the Company to allocate certain
Offer Shares in the International Offering to connected clients, please refer to the section headed “Other Information ” in
this announcement.
--- page 7 ---
7
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of
Shares held
in the Company
subject to lock-up
undertakings
upon Listing
H Shares as %
of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note
Mr. Sun Yan an 36,093,750 H Shares 41.18% 39.96% March 9, 2027
Suzhou Anhua Investment
Co., Ltd. 3,318,924 H Shares 3.79% 3.67% March 9, 2027
Total 39,412,674 H Shares 44.96% 43.63%
Note: Under the applicable PRC laws, all existing Shareholders are subject to a lock-up period of twelve months
following the Listing Date. The lock-up requirement under the applicable PRC laws is longer than the lock-up
period required of Controlling Shareholders under Rule 10.07 of the Listing Rules.
--- page 8 ---
8
Pre-IPO Investors (as defined in the “History and Corporate Structure ” section of the
Prospectus)
Name
Number of
Shares held
in the Company
subject to lock-up
undertakings
upon Listing
H Shares as %
of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note
Suzhou International
Development Emerging
Industry Venture
Investment Enterprise
(Limited Partnership) 3,645,833 H Shares 4.16% 4.04% March 9, 2027
Suzhou Industrial Park
Yuandian Zhengze No. 2
Venture Capital Partnership
(Limited Partnership) 2,604,163 H Shares 2.97% 2.88% March 9, 2027
Suqian International
Development Venture
Capital Enterprise
(Limited Partnership) 1,822,917 H Shares 2.08% 2.02% March 9, 2027
Suzhou International
Development Union Equity
Investment Enterprise
(Limited Partnership) 1,822,917 H Shares 2.08% 2.02% March 9, 2027
Changzhou Shuguang
Enterprise Management
Consulting Partnership
(Limited Partnership) 607,639 H Shares 0.69% 0.67% March 9, 2027
Shanghai Qianjin Industrial
Co., Ltd. 2,682,295 Shares 2.97% March 9, 2027
Hangzhou Jintou Zhihe
Venture Capital Partnership
(Limited Partnership) 1,312,500 H Shares 1.50% 1.45% March 9, 2027
--- page 9 ---
9
Name
Number of
Shares held
in the Company
subject to lock-up
undertakings
upon Listing
H Shares as %
of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note
Fang Dianjun 492,188 H Shares 0.56% 0.54% March 9, 2027
Yancheng Fusion Base
Emerging Industry Fund
(Limited Partnership) 1,750,000 H Shares 2.00% 1.94% March 9, 2027
Suzhou Industrial Park
Industry Investment Fund
(Limited Partnership) 1,312,500 H Shares 1.50% 1.45% March 9, 2027
Suzhou Shihu Minsheng
Equity Investment
Partnership
(Limited Partnership) 875,000 H Shares 1.00% 0.97% March 9, 2027
Suzhou Industrial Park Science
and Technology Innovation
Investment Partnership
(Limited Partnership) 437,500 H Shares 0.50% 0.48% March 9, 2027
Yu Yue 328,125 H Shares 0.37% 0.36% March 9, 2027
Note: Under the applicable PRC laws, all existing Shareholders (including Pre-IPO Investors) are subject to a
lockup period of twelve months following the Listing Date.
--- page 10 ---
10
Other Existing Shareholders
Name
Number of
Shares held
in the Company
subject to lock-up
undertakings
upon Listing
H Shares as %
of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note 1
Wang Yue 4,921,875 H Shares 5.62% 5.45% March 9, 2027
Zhu Zhizhou 2,460,937 H Shares 2.81% 2.72% March 9, 2027
Sun Wenhong 2,460,937 H Shares 2.81% 2.72% March 9, 2027
Suzhou Sailing Enterprise
Management Partnership
(Limited Partnership) 1,050,000 H Shares 1.20% 1.16% March 9, 2027
Note: Under the applicable PRC laws, all existing Shareholders are subject to a lockup period of twelve months
following the Listing Date.
PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment
as % of the
International
Offering
Allotment as
% of total
Offer Shares
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing
Top 1 3,600,000 19.67% 17.70% 3,600,000 3.99%
Top 5 7,227,000 39.49% 35.54% 7,227,000 8.00%
Top 10 10,588,500 57.85% 52.07% 10,588,500 11.72%
Top 25 15,332,000 83.77% 77.39% 15,332,000 16.97%
Notes:
* Ranking of placees is based on the number of H Shares allotted to the placees.
--- page 11 ---
11
H SHAREHOLDER CONCENTRATION ANALYSIS
H Shareholder*
Number of
H Shares
allotted
Allotment
as % of the
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% 39,412,674 44.96% 39,412,674
Top 5 3,600,000 19.67% 17.70% 65,716,316 74.97% 65,716,316
Top 10 6,327,000 34.57% 31.11% 72,216,753 82.39% 72,216,753
Top 25 13,444,000 73.46% 66.11% 80,433,580 91.76% 80,433,580
Notes:
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
H Shareholder*
Number of
H Shares
allotted
Allotment
as % of the
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% 39,412,674 39,412,674 43.63%
Top 5 3,600,000 19.67% 17.70% 63,255,379 65,937,674 72.99%
Top 10 5,418,000 29.60% 26.64% 71,307,753 73,990,048 81.91%
Top 25 13,089,000 71.52% 64.36% 80,078,580 82,760,875 91.61%
Notes:
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.
--- page 12 ---
12
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
NO. OF
H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL A
500 91,248 34 out of 91,248 to receive 500 Shares 0.04%
1,000 8,071 6 out of 8,071 to receive 500 Shares 0.04%
1,500 4,772 6 out of 4,772 to receive 500 Shares 0.04%
2,000 3,056 5 out of 3,056 to receive 500 Shares 0.04%
2,500 2,617 5 out of 2,617 to receive 500 Shares 0.04%
3,000 1,845 4 out of 1,845 to receive 500 Shares 0.04%
3,500 3,518 9 out of 3,518 to receive 500 Shares 0.04%
4,000 1,754 5 out of 1,754 to receive 500 Shares 0.04%
4,500 916 3 out of 916 to receive 500 Shares 0.04%
5,000 4,197 16 out of 4,197 to receive 500 Shares 0.04%
6,000 1,076 5 out of 1,076 to receive 500 Shares 0.04%
7,000 1,730 9 out of 1,730 to receive 500 Shares 0.04%
8,000 986 6 out of 986 to receive 500 Shares 0.04%
9,000 636 5 out of 636 to receive 500 Shares 0.04%
10,000 2,708 22 out of 2,708 to receive 500 Shares 0.04%
15,000 1,865 21 out of 1,865 to receive 500 Shares 0.04%
20,000 1,424 22 out of 1,424 to receive 500 Shares 0.04%
25,000 1,343 25 out of 1,343 to receive 500 Shares 0.04%
30,000 1,038 24 out of 1,038 to receive 500 Shares 0.04%
35,000 931 25 out of 931 to receive 500 Shares 0.04%
40,000 938 28 out of 938 to receive 500 Shares 0.04%
45,000 669 23 out of 669 to receive 500 Shares 0.04%
50,000 1,428 54 out of 1,428 to receive 500 Shares 0.04%
60,000 795 36 out of 795 to receive 500 Shares 0.04%
70,000 800 42 out of 800 to receive 500 Shares 0.04%
80,000 707 43 out of 707 to receive 500 Shares 0.04%
90,000 558 38 out of 558 to receive 500 Shares 0.04%
100,000 2,156 163 out of 2,156 to receive 500 Shares 0.04%
150,000 1,723 195 out of 1,723 to receive 500 Shares 0.04%
200,000 1,312 198 out of 1,312 to receive 500 Shares 0.04%
250,000 1,069 201 out of 1,069 to receive 500 Shares 0.04%
300,000 881 200 out of 881 to receive 500 Shares 0.04%
350,000 2,107 556 out of 2,107 to receive 500 Shares 0.04%
Total 150,874 Total number of Pool A successful applicants: 2,034
--- page 13 ---
13
NO. OF
H SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL B
400,000 3,412 343 out of 3,412 to receive 500 Shares 0.01%
450,000 791 90 out of 791 to receive 500 Shares 0.01%
500,000 1,164 146 out of 1,164 to receive 500 Shares 0.01%
600,000 733 111 out of 733 to receive 500 Shares 0.01%
700,000 625 110 out of 625 to receive 500 Shares 0.01%
800,000 485 98 out of 485 to receive 500 Shares 0.01%
900,000 412 93 out of 412 to receive 500 Shares 0.01%
1,017,000 4,075 1,043 out of 4,075 to receive 500 Shares 0.01%
Total 11,697 Total number of Pool B successful applicants: 2,034
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.
OTHER INFORMATION
Placing to connected clients with a prior consent under paragraph 1C(1) of the Placing
Guidelines
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a consent
under paragraph 1C(1) of the Placing Guidelines to permit the Company to allocate certain Offer
Shares in the International Offering to connected clients. The allocation of Offer Shares to such
connected clients is in compliance with all the conditions under the consent granted by the Stock
Exchange.
--- page 14 ---
14
Details of the placement to connected clients are set out below:
No. Connected client Connected distributor
Relationship with the
connected distributor
Basis of
holding
securities
Number
of Offer
Shares
Ultimate
beneficial
owner of the
Offer Shares
allocated to the
connected client
Percentage
of the
Offer Shares
Percentage of
total issued
Shares of
the Company
immediately upon
completion of the
Global Offering
1. Bosera Asset Management
(International) Co., Ltd
(“Bosera AM ”)
CMB International Capital
Limited ( “CMBI”), CMB
International Securities
Limited ( “CMBI Securities ”),
and CMB International
Global Markets Limited
(“CMBI Global Markets ”,
together with CMBI and
CMBI Securities, the “CMBI
Connected Distributors ”)
Bosera AM is a member of the same
group with CMBI, CMBI Securities
and CMBI Global Markets.
Discretionary 175,000 Please refer to
note 1 below.
0.86% 0.19%
2. Value Partners Limited
and Value Partners
Hong Kong Limited
(collectively, “Value
Partners ”)
GF Securities (Hong Kong)
Brokerage Limited ( “GF
Securities (Hong Kong)
Brokerage ”)
GF Securities (Hong Kong) Brokerage is
an indirect wholly-owned subsidiary
of GF Securities Co., Ltd. (Stock
Code: 1776) ( “GF Securities ”). Value
Partners is a wholly-owned subsidiary
of Value Partners Group Limited
(Stock Code: 806) ( “VPGL”).
GF Securities is interested in 20.04%
shareholding in VPGL which renders
VPGL and its subsidiaries “associates ”
of GF Securities, hence Value Partners
and GF Securities (Hong Kong)
Brokerage is a “member of the same
group of companies ”.
Discretionary 213,000 Please refer to
note 2 below.
3.93% 0.89%
--- page 15 ---
15
No. Connected client Connected distributor
Relationship with the
connected distributor
Basis of
holding
securities
Number
of Offer
Shares
Ultimate
beneficial
owner of the
Offer Shares
allocated to the
connected client
Percentage
of the
Offer Shares
Percentage of
total issued
Shares of
the Company
immediately upon
completion of the
Global Offering
3. CHINA ASSET
MANAGEMENT
(HONG KONG)
LIMITED ( “China
Asset Management ”)
CITIC Securities Brokerage (HK)
Limited ( “CITIC Brokerage ”)
China Asset Management is owned as to
62.2% by CITIC Securities Company
Limited, which is holding company
of CITIC Brokerage. China Asset
Management is a member of the
same group of companies as CITICS
Brokerage
Discretionary 175,000 Please refer to
note 3 below.
0.86% 0.19%
Notes:
1) Bosera AM will hold the Offer Shares in its capacity as a discretionary fund manager managing assets on behalf of its underlying clients. To the best of
knowledge of Bosera AM, the underlying clients of Bosera AM, together with its ultimate beneficial owners, is an independent third party of the Company, its
subsidiaries, its Controlling Shareholders, its substantial shareholders, Bosera AM, the CMBI Connected Distributors and the companies which are members of
the same group of the CMBI Connected Distributors.
2) Value Partners will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds on behalf of their investors, each of which is
an independent third party of the Company, its subsidiaries, its Controlling Shareholders, its substantial shareholders, Value Partners, GF Securities and the
companies which are members of the same group of GF Securities. To the best of knowledge of Value Partners, the underlying clients of Value Partners, together
with its ultimate beneficial owners, is an independent third party of the Company, its subsidiaries, its Controlling Shareholders, its substantial shareholders, Value
Partners, GF Securities (Hong Kong) Brokerage and the companies which are members of the same group of GF Securities (Hong Kong) Brokerage.
3) China Asset Management will subscribe for and hold the Offer Shares as a placee under the International Offering in accounts in its capacity as the discretionary
fund manager managing assets on behalf of its underlying clients. To the best of knowledge of China Asset Management, the underlying clients of China Asset
Management, together with its ultimate beneficial owners, is an independent third party of the Company, its subsidiaries, its Controlling Shareholders, its
substantial shareholders, China Asset Management, CITIC Brokerage and the companies which are members of the same group of CITIC Brokerage.
--- 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 Company s H Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for or
purchased by them was the same as the final Offer Price in addition to any brokerage, AFRC
transaction levy, SFC transaction levy and Stock Exchange trading fee payable.
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 Offer Shares have
not been and will not be registered under the United States Securities Act of 1933, as amended
(the “U.S. Securities Act ”) or any state securities laws in the United States and may not be
offered, sold, pledged or transferred within the United States or to, or for the account or benefit
of U.S. persons (as defined in Regulation S under the U.S. Securities Act), 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 (1) solely to qualified institutional buyers as defined in
Rule 144A in reliance on Rule 144A or another exemption from, or in a transaction not subject
to, registration under the U.S. Securities Act and (2) outside the United States in offshore
transactions in reliance on Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or offer
to acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
investors should read the Prospectus dated February 27, 2026 issued by ALSCO Pooling Service
Co., Ltd. ʮ̡ 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 Joint Sponsors and 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 section 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 March 9, 2026).
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PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering, based on the Offer Price of
HK$11.00 per H Share: (1) 27,506,138 H Shares, representing approximately 30.45% of the total
number of issued Shares will be counted towards the public after Listing, which will satisfy the
public float requirement under Rule 19A.13A of the Listing Rules; and (2) the Company satisfies
the free float requirement pursuant to Rule 19A.13C(1) of the Listing Rules.
The Directors confirm that, immediately following completion of the Global Offering: (i) the
Shares will be held by at least 300 Shareholders at the time of Listing, in compliance with Rule
8.08(2) of the Listing Rules; (ii) the three largest public Shareholders will not hold more than
50% of the H Shares held in public hands at the time of Listing, in compliance with Rules 8.08(3)
and 8.24 of the Listing Rules; (iii) no placee will, individually, be placed more than 10% of the
enlarged issued share capital of the Company immediately after the Global Offering; and (iv) there
will not be any new substantial Shareholder (as defined in the Listing Rules) immediately after the
Global Offering.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Monday, March
9, 2026 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting { Underwriting Arrangements
and Expenses { Hong Kong Public Offering { Grounds for Termination ” in the Prospectus has
not been exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to the H Share certificates becoming
valid evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Monday,
March 9, 2026 (Hong Kong time), it is expected that dealings in the H Shares on the Stock
Exchange will commence at 9:00 a.m. on Monday, March 9, 2026 (Hong Kong time). The H
Shares will be traded in board lots of 200 H Shares each, and the stock code of the H Shares will
be 2649.
By order of the Board
ALSCO Pooling Service Co., Ltd.
Mr. Sun Yan an
Chairman and Director
Hong Kong, March 6, 2026
As of the date of this announcement, the board of directors of the Company comprises: (i)
Mr. Sun Yan an, Mr. Wang Yue and Mr. Xiang Yang as executive Directors; (ii) Dr. Fang Dianjun,
Mr. Ren Qingxiang and Dr. Dai Yuanyue as non-executive Directors; and (iii) Dr. Wang Rui,
Dr. Liu Dacheng and Ms. Hong Ting as independent non-executive Directors.