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6d05056609d69b2616f9ad9d442150640a13702c
hk-ipo/data/extracted_text/06683/allotment_results_summary_2023-07-12_2023071200012.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

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--- page 1 ---
– 4 –
ANNOUNCEMENT OF OFFER PRICE AND ALLOTMENT RESULTS
SUMMARY
Offer Price
• The Offer Price is HK$4.25 per Offer 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
• Based on the Offer Price of HK$4.25 per Offer Share, the net proceeds from the
Global Offering to be received by the Company (after deduction of underwriting
commissions, and estimated expenses paid or payable by the Company in relation
to the Global Offering, assuming the Over-allotment Option is not exercised) are
estimated to be approximately HK$245.2 million. The Company intends to apply such
net proceeds from the Global Offering in accordance with the purposes as set out in
the section headed “Net Proceeds from the Global Offering” in this announcement.
• If the Over-allotment Option is exercised in full, the net proceeds the Company will
receive from the Global Offering will increase to approximately HK$321.9 million
for 18,996,000 additional Offer Shares to be allotted and issued upon the exercise of
the Over-allotment Option. The Company intends to apply the additional net proceeds
to the purposes in the proportions as stated in the section headed “Net Proceeds from
the Global Offering” in this announcement.
Applications and Indications of Interest Received
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 8,928 valid applications have been
received pursuant to the Hong Kong Public Offering through the White Form eIPO
service and the CCASS EIPO service for a total of 164,543,000 Hong Kong Offer
Shares, representing approximately 12.99 times of the total number of 12,664,000
Hong Kong Offer Shares initially available for subscription under the Hong Kong
Public Offering.
--- page 2 ---
– 5 –
• As the over-subscription of the Hong Kong Public Offering is less than 15 times
of the number of Offer Shares initially available for subscription under the Hong
Kong Public Offering, no reallocation procedures as described in the section headed
“Structure of the Global Offering – The Hong Kong Public Offering – Reallocation”
in the Prospectus has been applied. The final number of Offer Shares under the
Hong Kong Public Offering is 12,664,000 Offer Shares, representing 10.0% of the
total number of Offer Shares initially available under the Global Offering, and being
allocated to 5,277 successful applicants under the Hong Kong Public Offering. A
total number of 3,548 applicants, representing 67.2% of the total number of 5,277
successful applicants under the Hong Kong Public Offering, have been allotted
with one board lot of Hong Kong Offer Shares. These applicants have been allotted
1,774,000 Offer Shares, representing approximately 14.0% of the 12,664,000 Offer
Shares initially available 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 paragraph headed “Basis of Allocation under the
Hong Kong Public Offering” below.
International Offering
• The Offer Shares initially offered under the International Offering have been slightly
over-subscribed, representing approximately 1.15 times of the total number of
113,976,000 Offer Shares initially available under the International Offering (before
any exercise of the Over-allotment Option). The final number of Offer Shares under
the International Offering is 113,976,000 Offer Shares, representing 90.0% of the
total number of Offer Shares initially available under the Global Offering (before any
exercise of the Over-allotment Option).
• There has been an over-allocation of 1,887,500 Offer Shares in the International
Offering and there are a total of 147 placees under the International Offering. A total
of 102 placees have been allotted five board lots of the International Offer Shares
or less, representing approximately 69.4% of the total number of 147 placees under
the International Offering. These placees have been allotted 52,500 Offer Shares,
representing approximately 0.05% of the 113,976,000 Offer Shares initially available
under the International Offering (before any exercise of the Over-allotment Option).
A total of 99 placees have been allotted one board lot of the Shares under the
International Offering, representing approximately 67.3% of the total number of 147
placees under the International Offering. These placees have been allotted 49,500
Offer Shares, representing approximately 0.04% of the 113,976,000 Offer Shares
initially available under the International Offering (before any exercise of the Over-
allotment Option).
--- page 3 ---
– 6 –
Cornerstone Investors
• Based on the Offer Price of HK$4.25 per Offer 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 as disclosed in the section headed “Cornerstone Investors” in the
Prospectus, the Cornerstone Investors have subscribed for a total of 26,061,500 Offer
Shares, representing (i) 20.6% of the Offer Shares (assuming the Over-allotment
Option is not exercised and without taking into account any Shares which may be
issued pursuant to the exercise of the Options under the Share Option Schemes), (ii)
20.3% of the Offer Shares (assuming the Over-allotment Option is partially exercised
up to 1,887,500 Offer Shares and without taking into account any Shares which may
be issued pursuant to the exercise of the Options under the Share Option Schemes),
(iii) 3.3% of the Shares in issue immediately upon completion of the Global Offering
(assuming the Over-allotment Option is not exercised and without taking into account
any Shares which may be issued pursuant to the exercise of the Options under the
Share Option Schemes), and (iv) 3.3% of the Shares in issue immediately upon
completion of the Global Offering (assuming the Over-allotment Option is partially
exercised up to 1,887,500 Offer Shares and without taking into account any Shares
which may be issued pursuant to the exercise of the Options under the Share Option
Schemes).
• Please refer to the section headed “International Offering – Cornerstone Investors”
in this announcement for details relating to the subscription by the Cornerstone
Investors.
Confirmations Regarding 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 Sole Overall Coordinator, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers, or the Underwriters under the
Global Offering have been placed with applicants and their respective ultimate
beneficial owners who are core connected persons (as defined in the Listing Rules)
of the Company or Directors 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. The
International Offering is in compliance with the Placing Guidelines.
--- page 4 ---
– 7 –
• 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, any of the Directors, chief executive of the Company,
the Controlling Shareholders, the substantial shareholders (as defined in the Listing
Rules) of the Company, the existing Shareholders of the Company or any of their
subsidiaries or their respective close associates; (ii) 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, any of the Directors, chief executive of the Company, the Controlling
Shareholders, the substantial shareholders of the Company, the existing Shareholders
of the Company 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 their name or otherwise held by them; (iii) no rebate has been, directly
or indirectly, provided by the Company, the Directors, chief executive of the
Company, the Controlling Shareholders, the substantial shareholders of the Company,
the existing Shareholders of the Company or any of their subsidiaries, or their
respective close associates, or syndicate members or any brokers or underwriters
to any public Shareholders in the Hong Kong Public Offering or placees in the
International Offering; (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 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, chief executive of the Company, the Controlling
Shareholders, the substantial shareholders of the Company, the existing Shareholders
of the Company or any of their subsidiaries or their respective close associates or
syndicate members or any other brokers or underwriters, on one hand, and the public
subscribers or the placee who has subscribed for the Offer Shares, on the other hand.
• None of the Sole Sponsor, the Sole Overall Coordinator, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Underwriters, 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.
• The Directors confirm that none of the placees under the International Offering was
placed more than 10% of the issued share capital of the Company immediately after
completion of the Capitalization Issue and the Global Offering. Accordingly, the
Directors confirm that none of the placees will become a substantial shareholder of
the Company after the completion of the Capitalization Issue and the Global Offering,
and there will not be any new substantial shareholder of the Company immediately
after completion of the Capitalization Issue and the Global Offering.
--- page 5 ---
– 8 –
Over-Allotment Option
• In connection with the Global Offering, the Company has granted to the International
Underwriters, exercisable by the Sole Overall Coordinator (on behalf of the
International Underwriters), the Over-allotment Option, which will be exercisable
from the Listing Date until Friday, August 4, 2023, being the 30th day after the last
day for the lodging of applications under the Hong Kong Public Offering, to require
the Company to allot and issue, up to an aggregate of 18,996,000 Shares, representing
no more than 15% of the initial number of Offer Shares available under the Global
Offering, at the Offer Price under the International Offering to cover over-allocations
in the International Offering, if any.
• There has been an over-allocation of 1,887,500 Offer Shares in the International
Offering. Such over-allocation will be covered by using Shares to be borrowed under
the Stock Borrowing Agreement and the settlement of such over-allocation may
be effected by (i) exercising the Over-allotment Option, which will be exercisable
by the Sole Overall Coordinator (on behalf of the International Underwriters); (ii)
making purchases in the secondary market at prices that do not exceed the Offer
Price; or (iii) a combination of these means. In the event the Over-allotment Option
is exercised, an announcement will be made on the Stock Exchange’s website at
www.hkexnews.hk and the Company’s website at www.splegend.com. As at the
date of this announcement, the Over-allotment Option has not been exercised.
Lock-Up Obligations
• The Company, the Controlling Shareholders, the Pre-IPO Investors and the
Cornerstone Investors are subject to certain lock-up obligations as set out in the
section headed “Lock-up Obligations” in this announcement.
Results of Allocations
• The level of indications of interests 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 are also made available on the Company’s website at
www.splegend.com and the website of the Stock Exchange at www.hkexnews.hk by
no later than 9:00 a.m. on Wednesday, July 12, 2023.
--- page 6 ---
– 9 –
• The results of allocations of the Hong Kong Offer Shares under the Hong Kong Public
Offering successfully applied through the White Form eIPO service or through the
CCASS EIPO service, including the Hong Kong identity card numbers, passport
numbers, Hong Kong business registration numbers, certificate of incorporation
numbers or beneficial owner identification codes of successful applicants (where
applicable) and the number of the 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 and the website of
Stock Exchange at www.splegend.com and www.hkexnews.hk, respectively, by
no later than Wednesday, July 12, 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 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;
• from the designated results of allocations website at www.iporesults.com.hk
(alternatively: English https://www.eipo.com.hk/en/Allotment; Chinese
https://www.eipo.com.hk/zh-hk/Allotment) with a “search by ID” function on
a 24 hour basis from 8:00 a.m. on Wednesday, July 12, 2023 to 12:00 midnight
on Tuesday, July 18, 2023; and
• from the allocation results telephone enquiry line by calling +852 2862 8555
between 9:00 a.m. and 6:00 p.m. from Wednesday, July 12, 2023 to Friday, July
14, 2023 and Monday, July 17, 2023.
• This announcement contains a list of identification document numbers. Identification
document numbers shown in the section headed “Results of Applications Made by
White Form eIPO” 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” 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 White Form eIPO” 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.
--- page 7 ---
– 10 –
Despatch/Collection of Share Certificates/e-Refund Payment Instructions/Refund
Checks
• Applicants who have applied for 1,000,000 or more Hong Kong Offer Shares through
the White Form eIPO service and the application is wholly or partially successful
may collect Share certificate(s) from the Hong Kong Share Registrar, Computershare
Hong Kong Investor Services Limited at Shops 1712–1716, 17th Floor, Hopewell
Centre, 183 Queen’s Road East, Wan Chai, Hong Kong, from 9:00 a.m. to 1:00 p.m.
on Wednesday, July 12, 2023, or such other date as notified by the Company in the
newspapers 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
authorize any other person to collect on their behalf. Applicants being corporations
which are eligible for personal collection must attend through their authorized
representatives bearing letters of authorization from their corporation stamped
with the corporation’s chop. Both individuals and authorized representatives of
corporations must produce evidence of identity acceptable to Computershare Hong
Kong Investor Services Limited at the time of collection.
• Applicants who apply for less than 1,000,000 Hong Kong Offer Shares through the
White Form eIPO service will have their Share certificate(s) (where applicable) sent
to the address specified in their application on or before Wednesday, July 12, 2023
by ordinary post and at their own risk.
• Share certificates for Hong Kong Offer Shares allotted to applicants who applied
through the White Form eIPO service, which are either not available for personal
collection, or which are available but are not collected in person within the time
specified for collection, are expected to be despatched by ordinary post to those
entitled to the addresses specified in the relevant applications at their own risk on or
before Wednesday, July 12, 2023.
• Wholly or partially successful applicants who applied by giving electronic
application instructions to HKSCC via CCASS will have their Share certificate(s)
issued in the name of HKSCC Nominees Limited and deposited directly into
CCASS for credit to their CCASS Investor Participants stock accounts or the stock
accounts of their designated CCASS Participants who gave electronic application
instructions on their behalf on Wednesday, July 12, 2023 or on any other date
determined by HKSCC or HKSCC Nominees.
--- page 8 ---
– 11 –
• 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.
• 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 Wednesday, July 12, 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 following the
credit of the Hong Kong Offer Shares to the CCASS Investor Participants stock
accounts and the credit of the refund monies to their respective designated bank
account (if any), HKSCC will also make available to the CCASS Investor Participants
an activity statement showing the number of the 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 account.
• For applicants who have applied for the Hong Kong Offer Shares through the White
Form eIPO service and paid the application monies through a single bank account,
refund monies (if any) will be despatched to their application payment bank account
in the form of e-Refund payment instructions on Wednesday, July 12, 2023. For
applicants who have applied for the Hong Kong Offer Shares through the White
Form eIPO service and paid the application monies through multiple bank accounts,
refund monies (if any) will be despatched to the addresses specified on the White
Form eIPO application instructions in the form of refund check(s) in favour of the
applicant (or, in the case of joint applications, the first-named applicant), by ordinary
post and at their own risk on or before Wednesday, July 12, 2023.
• Refund monies (if any) for applicants who applied by giving electronic application
instructions to HKSCC via CCASS are expected to be credited to the relevant
applicants’ designated bank accounts or the designated bank accounts of their broker
or custodian on Wednesday, July 12, 2023.
• Share certificates will only become valid evidence of title at 8:00 a.m. on Thursday,
July 13, 2023 provided that the Global Offering has become unconditional in all
respects at or before that time and the right of termination as described in the section
headed “Underwriting – Underwriting Arrangements and Expenses – Hong Kong
Public Offering – Grounds for Termination” in the Prospectus has not been exercised.
• The Company will not issue any temporary documents of title in respect of the Hong
Kong Offer Shares. No receipt will be issued for application monies received.
--- page 9 ---
– 12 –
Public Float
• The Directors confirm that (i) immediately following the completion of the
Capitalization Issue and the Global Offering, no less than 25% of the total issued
share capital of the Company will be held by the public in compliance with the
requirements under Rule 8.08(1)(a) of the Listing Rules; (ii) the three largest public
Shareholders of the Company do not hold more than 50% of the Shares in public
hands at the time of Listing in compliance with Rule 8.08(3) 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.
Commencement of Dealings
• Assuming that the Global Offering becomes unconditional in all aspects at or before
8:00 a.m. on Thursday, July 13, 2023, dealings in the Shares on the Main Board of
the Stock Exchange are expected to commence at 9:00 a.m. on Thursday, July 13,
2023. The Shares will be traded in board lots of 500 Shares each. The stock code of
the Company is 6683.
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 Shares.
OFFER PRICE
The Offer Price is HK$4.25 per Offer 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
Based on the Offer Price of HK$4.25 per Offer Share, the net proceeds from the Global
Offering to be received by the Company (after deduction of the underwriting commissions,
and estimated expenses paid or payable by the Company in relation to the Global Offering,
assuming the Over-allotment Option is not exercised) are estimated to be approximately
HK$245.2 million. The Company intends to apply such net proceeds for the following
purposes:
• Approximately HK$58.4 million (equivalent to approximately RMB51.4 million),
representing 23.8% of the net proceeds from the Global Offering, will be used for the
diversification of product portfolio;
--- page 10 ---
– 13 –
• Approximately HK$75.1 million (equivalent to approximately RMB66.1 million),
representing 30.6% of the net proceeds from the Global Offering, will be used to increase
the Company’s brand exposure and product sales through MCN, including cooperation
with selected top KOLs and development of proprietary Livestreaming accounts;
• Approximately HK$68.1 million (equivalent to approximately RMB60.0 million),
representing 27.8% of the net proceeds from the Global Offering, will be used for the
creation of unique celebrity IPs and associated IP contents, including media contents and
large-scale concerts;
• Approximately HK$30.2 million (equivalent to approximately RMB26.6 million),
representing 12.3% of the net proceeds from the Global Offering, will be used for
upgrading the Company’s IT infrastructure and increase investment in IT development;
and
• Approximately HK$13.4 million (equivalent to approximately RMB11.8 million),
representing 5.5% of the net proceeds from the Global Offering, will be used for working
capital.
If the Over-allotment Option is exercised in full, the net proceeds the Company will receive
from the Global Offering will increase to approximately HK$321.9 million for 18,996,000
additional Offer Shares to be allotted and issued upon the exercise of the Over-allotment
Option. In the event that the Over-allotment Option is exercised in full, the Company intends
to apply the additional net proceeds to the above purposes in the proportions stated above.
Further announcement will be made by the Company regarding, among others, any exercise of
the Over-allotment Option and the final amount of net proceeds from the Global Offering.
For further information, please refer to the section headed “Future Plans and Use of Proceeds”
in the Prospectus.
APPLICATIONS AND INDICATIONS OF INTEREST RECEIVED
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 8,928 valid applications have been received pursuant
to the Hong Kong Public Offering through the White Form eIPO service and the CCASS
EIPO service for a total of 164,543,000 Hong Kong Offer Shares, representing approximately
12.99 times of the total number of the 12,664,000 Hong Kong Offer Shares initially available
for subscription under the Hong Kong Public Offering, among which:
• 8,877 valid applications in respect of a total of 81,043,000 Hong Kong Offer Shares
were for the Hong Kong Public Offering with an aggregate subscription amount based on
the Offer Price of HK$4.25 per Offer Share (excluding brokerage of 1%, SFC transaction
--- page 11 ---
– 14 –
levy of 0.0027%, AFRC transaction levy of 0.00015% and Stock Exchange trading fee
of 0.00565%) of HK$5 million or less, representing approximately 12.80 times of the
6,332,000 Hong Kong Offer Shares initially comprised in Pool A of the Hong Kong
Public Offering; and
• 51 valid applications in respect of a total of 83,500,000 Hong Kong Offer Shares were
for the Hong Kong Public Offering with an aggregate subscription amount based on the
Offer Price of HK$4.25 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 more than HK$5 million, representing approximately 13.19 times of the
6,332,000 Hong Kong Offer Shares initially comprised in Pool B.
No application has been rejected due to dishonored payments. No invalid application has been
identified and rejected. 6 multiple applications or suspected multiple applications have been
identified and rejected. No application for more than 6,332,000 Hong Kong Offer Shares (being
50% of the 12,664,000 Hong Kong Offer Shares initially available under the Hong Kong
Public Offering) has been identified.
As the over-subscription of the Hong Kong Public Offering is less than 15 times of the number
of Offer Shares initially available for subscription under the Hong Kong Public Offering, no
reallocation procedures as described in the section headed “Structure of the Global Offering –
The Hong Kong Public Offering – Reallocation” in the Prospectus has been applied. The final
number of Offer Shares under the Hong Kong Public Offering is 12,664,000 Offer Shares,
representing 10% of the total number of Offer Shares initially available under the Global
Offering, and being allocated to 5,277 successful applicants under the Hong Kong Public
Offering. A total number of 3,548 applicants, representing 67.2% of the total number of 5,277
successful applicants under the Hong Kong Public Offering, have been allotted with one board
lot of Hong Kong Offer Shares. These applicants have been allotted 1,774,000 Offer Shares,
representing approximately 14.0% of the 12,664,000 Offer Shares initially available 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 paragraph headed “Basis of Allocation under the Hong Kong Public
Offering” below.
International Offering
The Offer Shares initially offered under the International Offering have been slightly over-
subscribed, representing approximately 1.15 times of the total number of the 113,976,000
Offer Shares initially available under the International Offering (before any exercise of the
Over-allotment Option). The final number of Offer Shares under the International Offering
is 113,976,000 Offer Shares, representing 90.0% of the total number of Offer Shares initially
available under the Global Offering (before any exercise of the Over-allotment Option).
--- page 12 ---
– 15 –
There has been an over-allocation of 1,887,500 Offer Shares in the International Offering
and there are a total of 147 placees under the International Offering. A total of 102 placees
have been allotted five board lots of the International Offer Shares or less, representing
approximately 69.4% of the total number of 147 placees under the International Offering.
These placees have been allotted 52,500 Offer Shares, representing approximately 0.05% of
the 113,976,000 Offer Shares initially available under the International Offering (before any
exercise of the Over-allotment Option). A total of 99 placees have been allotted one board lot
of the Offer Shares under the International Offering, representing approximately 67.3% of the
total number of 147 placees under the International Offering. These placees have been allotted
49,500 Offer Shares, representing approximately 0.04% of the 113,976,000 Offer Shares
initially available under the International Offering (before any exercise of the Over-allotment
Option).
To the best knowledge, information and belief of the Directors, no Offer Shares placed by or
through the Sole Overall Coordinator, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers or the Underwriters under the Global Offering have been placed with
applicants and their respective ultimate beneficial owners who are core connected persons
(as defined in the Listing Rules) of the Company or Directors of the Company, or to any
connected clients (as set out in paragraph 5(1) of the Placing Guidelines for Equity Securities
as set out in 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.
To the best knowledge of the Company and as confirmed by the Directors, (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, any of
the Directors, chief executive of the Company, the Controlling Shareholders, the substantial
shareholders (as defined under the Listing Rules) of the Company, the existing Shareholders
of the Company or any of their subsidiaries or their respective close associates; (ii) 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, any of the Directors, chief executive of the Company, the Controlling Shareholders,
the substantial shareholders of the Company, the existing Shareholders of the Company 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 their name or otherwise held by them;
(iii) no rebate has been, directly or indirectly, provided by the Company, the Directors, chief
executive of the Company, the Controlling Shareholders, the substantial shareholders of the
Company, the existing Shareholders of the Company or any of their subsidiaries, or their
respective close associates, or syndicate members or any brokers or underwriters to any public
Shareholders in the Hong Kong Public Offering or placees in the International Offering;
(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 final Offer Price as determined by the Company, in additional to
brokerage of 1%, 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
--- page 13 ---
– 16 –
between the Company, any of the Directors, chief executive of the Company, the Controlling
Shareholders, the substantial shareholders of the Company, the existing Shareholders of the
Company or any of their subsidiaries or their respective close associates, on one hand, and the
public subscribers or the placee who has subscribed for the Offer Shares, on the other hand.
None of the Sole Sponsor, the Sole Overall Coordinator, the Joint Global Coordinators, the
Joint Bookrunners, the Joint Lead Managers, the Underwriters, 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.
The Directors confirm that none of the placees under the International Offering was placed
more than 10% of the issued share capital of the Company immediately after completion of
the Capitalization Issue and the Global Offering. Accordingly, the Directors confirm that none
of the placees will become a substantial shareholder of the Company after the completion of
the Global Offering, and there will not be any new substantial shareholder of the Company
immediately after completion of the Capitalization Issue and the Global Offering.
Cornerstone Investors
Based on the Offer Price of HK$4.25 per Offer 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%), the number of Offer Shares subscribed for by the Cornerstone Investors is
determined as set out below:
Cornerstone Investor
Investment
amount
Number of
Offer Shares (1)
Percentage
of the
Offer Shares
(assuming no
exercise of the
Over-allotment
Option) (2)
Percentage
of the
Offer Shares
(assuming the
Over-allotment
Option is
exercised) (2)(3)
Percentage of
Shares in issue
immediately upon
completion
of the
Global Offering
(assuming
no exercise
of the
Over-allotment
Option) (2)
Percentage of
Shares in issue
immediately upon
completion of
the Global
Offering
(assuming the
Over-allotment
Option is
exercised) (2)(3)
Blink Field US$15 million 20,570,000 (4) 16.2% 16.0% 2.6% 2.6%
NetDragon (5) US$3 million 5,491,500 4.3% 4.3% 0.7% 0.7%
Notes:
(1) Subject to rounuding down to the nearest whole board lot of 500 Shares and calculated based on the
exchange rate of US$1.00:HK$7.78 as set out in the section headed “Information about this prospectus and
the Global Offering” in the Prospectus.
(2) Without taking into account any Shares which may be issued pursuant to the exercise of the Options under
the Share Option Schemes.
(3) Assuming the Over-allotment Option is partially exercised up to 1,887,500 Offer Shares.
--- page 14 ---
– 17 –
(4) Please refer to the section headed “Cornerstone Investors – The Cornerstone Placing” in the Prospectus
regarding the adjustments to the number of Offer Shares allocated to Blink Field.
(5) NetDragon is a wholly-owned subsidiary of NetDragon Websoft Holdings Limited, a company listed on
the Stock Exchange (stock code: 777).
To the best knowledge of the Company, (i) each of the Cornerstone Investors is an
Independent Third Party and is not a connected person of the Company; (ii) each of the
Cornerstone Investors is not accustomed to taking instructions in relation to, amongst others,
the acquisition, disposal, voting or other disposition of the Offer Shares from the Company
or any of its subsidiaries, Directors, the chief executives of the Company, Controlling
Shareholders, substantial shareholders of the Company or existing Shareholders, or their
respective close associates; and (iii) none of the subscription of the Offer Shares by the
Cornerstone Investors is financed by the Company or its subsidiaries, Directors, the chief
executives of the Company, Controlling Shareholders, substantial shareholders of the
Company or existing Shareholders, or their respective close associates.
To the best knowledge of the Company and as confirmed by each Cornerstone Investor, save as
disclosed above, none of the Cornerstone Investors nor their respective shareholders are listed
on any stock exchanges. 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.
The Cornerstone Placing will form part of the International Offering, and the Cornerstone
Investors will not acquire any Offer Shares under the Global Offering (other than pursuant
to the Cornerstone Investment Agreements). The Offer Shares to be subscribed by the
Cornerstone Investors will rank pari passu in all respect with the fully paid Shares in issue and
will be counted towards the public float of the Company under Rule 8.08 of the Listing Rules.
Immediately following the completion of the Global Offering, the Cornerstone Investors will
not become a substantial shareholder of the Company, nor will the Cornerstone Investors have
any Board representation in the Company. Other than a guaranteed allocation of the relevant
Offer Shares at the Offer Price, the Cornerstone Investors do not have any preferential rights
in the Cornerstone Investment Agreements as compared with other public Shareholders, and
none of the Cornerstone Investors, or any of their affiliates, directors, officers, employees,
agents or representatives, has accepted or entered into any agreement or arrangement to accept
any direct or indirect benefits by side letter or otherwise, from the Company, any member
of the Group, or any of their respective affiliates, directors, officers, employees, agents or
representatives in the Global Offering or otherwise has engaged in any conduct or activity
inconsistent with, or in contravention of, Guidance Letter HKEX-GL51-13. As confirmed by
each of the Cornerstone Investors, their respective subscription under the Cornerstone Placing
would be financed by its internal resources.
There will not be delayed delivery or deferred settlement of Offer Shares to be subscribed by
the Cornerstone Investors pursuant to the Cornerstone Investment Agreements and payment
for the Offer Shares to be subscribed by the Cornerstone Investors will be settled on or before
dealings in the Offer Shares commence on the Stock Exchange.
--- page 15 ---
– 18 –
Each of the Cornerstone Investors has agreed and undertakes to the Company, the Sole
Overall Coordinator and the Sole Sponsor that without the prior written consent of each of the
Company, the Sole Overall Coordinator and the Sole Sponsor, it will not, and will cause its
affiliates not to, whether directly or indirectly, at any time during the period of twelve months
following the Listing Date, dispose of, in any way, any of the Offer Shares it has subscribed
pursuant to the Cornerstone Investment Agreements or any interest in any company or
entity holding the Offer Shares, save for certain limited circumstances as provided under the
Cornerstone Investment Agreements, such as transfers to any of its wholly-owned subsidiaries
who will be bound by the same obligations of the Cornerstone Investors, including the Lock-
up Period Restriction. Please refer to the section headed “Cornerstone Investors” in the
Prospectus for further details relating to the Cornerstone Investors.
Over-allotment Option
In connection with the Global Offering, the Company has granted to the International
Underwriters, exercisable by the Sole Overall Coordinator on behalf of the International
Underwriters, the Over-allotment Option, which will be exercisable from the Listing Date until
Friday, August 4, 2023, being the 30th day after the last day for the lodging of applications
under the Hong Kong Public Offering, to require the Company to allot and issue, up to an
aggregate of 18,996,000 Shares, representing no more than 15% of the initial number of Offer
Shares available under the Global Offering, at the Offer Price, to cover over-allocations in the
International Offering, if any.
There has been an over-allocation of 1,887,500 Offer Shares in the International Offering.
Such over-allocation will be covered by using Shares to be borrowed under the Stock
Borrowing Agreement and the settlement of such over-allocation may be effected by
(i) exercising the Over-allotment Option, which will be exercisable by the Sole Overall
Coordinator (on behalf of the International Underwriters); (ii) making purchases in the
secondary market at prices that do not exceed the Offer Price; or (iii) a combination of
these means. In the event the Over-allotment Option is exercised, an announcement will be
made on the Stock Exchange’s website at www.hkexnews.hk and the Company’s website at
www.splegend.com. As at the date of this announcement, the Over-allotment Option has not
been exercised.
--- page 16 ---
– 19 –
LOCK-UP OBLIGATIONS
The Company, the Controlling Shareholders, the Pre-IPO Investors and the Cornerstone
Investors have provided certain lock-up obligations (the “Lock-up Obligations”) in respect of
the Shares. The major terms of the Lock-up Obligations are set out as follows.
Name
Number of Shares
subject to the
Lock-up
Obligations upon
Listing
Percentage of
shareholding
in the Company
subject to the
Lock-up
Obligations
upon Listing (1)
Last day subject to the
Lock-up Obligations
The Company
(subject to lock-up obligations pursuant
to the Listing Rules and the Hong Kong
Underwriting Agreement)
N/A N/A January 12, 2024 (2)
(First Six-Month
Period)
July 12, 2024
(Second Six-Month
Period)
Controlling Shareholders
(subject to lock-up obligations pursuant
to the Listing Rules and the Hong Kong
Underwriting Agreement) (3)
465,038,126 58.1% January 12, 2024
(First Six-Month
Period)
July 12, 2024
(Second Six-Month
Period)
Pre-IPO Investors
(subject to lock-up obligations pursuant
to their respective voluntary lock-up
undertakings)
Mr. Lai 99,651,027 12.5% July 12, 2024
Mr. Ho (4) 45,513,546 5.7% July 12, 2024
Dr. Qian 9,965,103 1.2% July 12, 2024
Ms. Zhang 13,206,742 1.7% July 12, 2024
Bradbury 39,985,456 5.0% January 12, 2024
--- page 17 ---
– 20 –
Name
Number of Shares
subject to the
Lock-up
Obligations upon
Listing
Percentage of
shareholding
in the Company
subject to the
Lock-up
Obligations
upon Listing (1)
Last day subject to the
Lock-up Obligations
Cornerstone Investors
(subject to lock-up obligations pursuant to
the Cornerstone Investment Agreements)
Blink Field 20,570,000 2.6% July 12, 2024
NetDragon 5,491,500 0.7% July 12, 2024
Notes:
(1) Assuming the Over-allotment Option is not exercised and without taking into account any Shares which
may be issued pursuant to the Share Option Schemes.
(2) The Company may not issue Shares on or before the indicated date except pursuant to the Capitalization
Issue, the Global Offering (including pursuant to the exercise of the Over-allotment Option), the exercise
of any Option granted or may be granted under the Share Option Schemes, or otherwise permitted by the
Listing Rules.
(3) For details of the lock-up obligations, please refer to the sections headed “Underwriting – Hong Kong
Public Offering – Undertakings to the Stock Exchange pursuant to the Listing Rules by our Controlling
Shareholders” and “Underwriting – Hong Kong Public Offering – Undertakings to the Hong Kong
Underwriters – Undertakings by our Controlling Shareholders” in the Prospectus.
(4) Each of Lake Ranch and Kai Le, being a company wholly owned by Mr. Ho, agreed not to dispose any of
the Shares for a period of twelve months commencing on the date of Listing.
--- page 18 ---
– 21 –
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the paragraph headed “Structure of
the Global Offering – Conditions of the Global Offering” in the Prospectus, 8,928 valid
applications made by the public through the White Form eIPO 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
500 3,701 1,111 out of 3,701 to receive 500 Shares 30.02%
1,000 904 452 out of 904 to receive 500 Shares 25.00%
1,500 1,683 1,161 out of 1,683 to receive 500 Shares 22.99%
2,000 216 164 out of 216 to receive 500 Shares 18.98%
2,500 241 217 out of 241 to receive 500 Shares 18.01%
3,000 148 137 out of 148 to receive 500 Shares 15.43%
3,500 49 500 Shares 14.29%
4,000 46 500 Shares plus 6 out of 46 to receive additional 500 Shares 14.13%
4,500 44 500 Shares plus 11 out of 44 to receive additional 500 Shares 13.89%
5,000 235 500 Shares plus 82 out of 235 to receive additional 500 Shares 13.49%
6,000 49 500 Shares plus 28 out of 49 to receive additional 500 Shares 13.10%
7,000 54 500 Shares plus 44 out of 54 to receive additional 500 Shares 12.96%
8,000 49 1,000 Shares 12.50%
9,000 37 1,000 Shares plus 6 out of 37 to receive additional 500 Shares 12.01%
10,000 729 1,000 Shares plus 219 out of 729 to receive additional 500 Shares 11.50%
15,000 75 1,500 Shares 10.00%
20,000 90 1,500 Shares plus 72 out of 90 to receive additional 500 Shares 9.50%
25,000 76 2,000 Shares 8.00%
30,000 24 2,000 Shares plus 12 out of 24 to receive additional 500 Shares 7.50%
35,000 19 2,500 Shares 7.14%
40,000 23 2,500 Shares plus 14 out of 23 to receive additional 500 Shares 7.01%
45,000 162 3,000 Shares 6.67%
50,000 37 3,000 Shares plus 11 out of 37 to receive additional 500 Shares 6.30%
60,000 13 3,500 Shares 5.83%
70,000 7 4,000 Shares 5.71%
80,000 13 4,500 Shares 5.63%
90,000 11 5,000 Shares 5.56%
100,000 46 5,500 Shares 5.50%
200,000 35 10,000 Shares 5.00%
300,000 23 14,000 Shares 4.67%
400,000 5 18,500 Shares 4.63%
500,000 9 23,000 Shares 4.60%
--- page 19 ---
– 22 –
No. of shares
applied for
No. of valid
applications Basis of allotment/ballot
Approximate
percentage
allotted of
the total no. of
shares applied for
600,000 5 27,000 Shares 4.50%
700,000 6 31,000 Shares 4.43%
800,000 4 35,000 Shares 4.38%
900,000 1 39,000 Shares 4.33%
1,000,000 8 43,000 Shares 4.30%
Total 8,877 Total number of Pool A successful applicants: 5,226
Pool B
1,500,000 40 114,000 Shares 7.60%
2,000,000 9 151,000 Shares 7.55%
2,500,000 1 188,000 Shares 7.52%
3,000,000 1 225,000 Shares 7.50%
Total 51 Total number of Pool B successful applicants: 51
The final number of Offer Shares comprising the Hong Kong Public Offering is 12,664,000
Offer Shares, representing 10% of the total number of the Offer Shares initially available
under the Global Offering (before any exercise of the Over-allotment Option).
The final number of Offer Shares available in the International Offering is 113,976,000 Offer
Shares, representing 90% of the Offer Shares in the Global Offering (before any exercise of
the Over-allotment Option).
RESULTS OF ALLOCATIONS
The Offer Price, results of allocations of the Hong Kong Offer Shares under the Hong Kong
Public Offering successfully applied for through the White Form eIPO service or the CCASS
EIPO service, including the Hong Kong identity card numbers, passport numbers, Hong
Kong business registration numbers, certificate of incorporation numbers or beneficial owner
identification codes of successful applicants (where supplied) and the number of the 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 our website and the website of Stock Exchange at
www.splegend.com and www.hkexnews.hk, respectively, by no later than Wednesday,
July 12, 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
--- page 20 ---
– 23 –
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;
• from the designated results of allocations website at www.iporesults.com.hk
(alternatively: English https://www.eipo.com.hk/en/Allotment; Chinese
https://www.eipo.com.hk/zh-hk/Allotment) with a “search by ID” function on a 24
hour basis from 8:00 a.m. on Wednesday, July 12, 2023 to 12:00 midnight on Tuesday,
July 18, 2023; and
• from the allocation results telephone enquiry line by calling +852 2862 8555 between
9:00 a.m. and 6:00 p.m. from Wednesday, July 12, 2023 to Friday, July 14, 2023 and
Monday, July 17, 2023.
This announcement contains a list of identification document numbers. Identification
document numbers shown in the section headed “Results of Applications Made by White
Form eIPO” 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” 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
White Form eIPO” 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.
--- page 21 ---
– 24 –
SHAREHOLDING CONCENTRATION ANALYSIS
Set out below is a summary of the allotments results under the Global Offering:
• the number of Offer Shares subscribed for by the top 1, 5, 10, 20 and 25 placees under
the International Offering, their subscription percentages in the International Offering,
and their shareholding percentages upon Listing are as follows:
Placee
Number of
shares
subscribed for
Number of
Shares held
upon Listing
Number of
Shares
subscribed for
as percentage
of the total
number of the
International
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Number of
Shares
subscribed for
as percentage
of the total
number of the
International
Offer Shares
(assuming the
Over-allotment
Option
is exercised) (1)
Number of
Shares
subscribed for
as percentage
of the total
number of the
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Number of
Shares
subscribed for
as percentage
of the total
number of the
Offer Shares
(assuming the
Over-allotment
Option is
exercised) (1)
Number of
Shares held
upon Listing as
percentage of
the total issued
share capital
upon Listing
(assuming
no exercise of the
Over-allotment
Option)
Number of
Shares held
upon Listing as
percentage of
the total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is
exercised) (1)
Top 1 20,570,000 20,570,000 18.0% 17.8% 16.2% 16.0% 2.6% 2.6%
Top 5 44,704,500 44,704,500 39.2% 38.6% 35.3% 34.8% 5.6% 5.6%
Top 10 67,251,000 67,251,000 59.0% 58.0% 53.1% 52.3% 8.4% 8.4%
Top 20 94,798,500 94,798,500 83.2% 81.8% 74.9% 73.8% 11.8% 11.8%
Top 25 104,538,500 104,538,500 91.7% 90.2% 82.5% 81.3% 13.1% 13.0%
• Top 1, 5, 10, 20 and 25 Shareholders upon Listing, their subscription percentages in the
Global Offering, and their shareholding percentages upon Listing are as follows:
Shareholders
Number of
shares
subscribed for
Number of
Shares held
upon Listing
Number of
Shares
subscribed for
as percentage
of the total
number of the
International
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Number of
Shares
subscribed for
as percentage
of the total
number of the
International
Offer Shares
(assuming the
Over-allotment
Option is
exercised) (1)
Number of
Shares
subscribed for
as percentage
of the total
number of the
Offer Shares
(assuming no
exercise of the
Over-allotment
Option)
Number of
Shares
subscribed for
as percentage
of the total
number of the
Offer Shares
(assuming the
Over-allotment
Option is
exercised) (1)
Number of
Shares held
upon Listing as
percentage of
the total issued
share capital
upon Listing
(assuming no
exercise of the
Over-allotment
Option)
Number of
Shares held
upon Listing as
percentage of
the total issued
share capital
upon Listing
(assuming the
Over-allotment
Option is
exercised) (1)
Top 1 – 465,038,126 0.0% 0.0% 0.0% 0.0% 58.1% 58.0%
Top 5 – 673,360,000 0.0% 0.0% 0.0% 0.0% 84.2% 84.0%
Top 10 44,704,500 718,064,500 39.2% 38.6% 35.3% 34.8% 89.8% 89.6%
Top 20 82,871,000 756,231,000 72.7% 71.5% 65.4% 64.5% 94.5% 94.3%
Top 25 94,798,500 768,158,500 83.2% 81.8% 74.9% 73.8% 96.0% 95.8%
Note:
(1) Assuming the Over-allotment Option is partially exercised up to 1,887,500 Offer Shares.
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 Shares.
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