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6d05056609d69b2616f9ad9d442150640a13702c
hk-ipo/data/extracted_text/09680/allotment_results_2024-07-09_2024070901101.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

758 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.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those
defined in the Hong Kong prospectus dated June 28, 2024 (the “Prospectus ”) of Chenqi Technology Limited (the
“Company ”).
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for any securities. This announcement is not a prospectus. Potential investors should read the Prospectus
for detailed information about the Global Offering described below before deciding whether or not to invest in
the Offer Shares. Any investment decision in relation to the Offer Shares should be taken solely in reliance on the
information provided in the Prospectus.
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 to sell 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 any state securities laws of the United States and may not be offered, sold, pledged or otherwise transferred
within the United States, except in transactions exempt from, or not subject to, the registration requirements of the U.S.
Securities Act. The Company has not intended and does not intend to make any public offer of securities in the United
States. The Offer Shares are being offered and sold outside the United States in offshore transactions in reliance on
Regulation S under the U.S. Securities Act.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to terms and conditions set out in
the Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside Hong Kong and/or
not resident in Hong Kong. Potential investors of the Offer Shares should note that the Joint Sponsors and Overall
Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate 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. on the Listing Date (which is currently expected to be on
Wednesday, July 10, 2024).
No stabilizing manager is appointed, and it is anticipated that no stabilization activities will be carried out in relation
to the Global Offering.
--- page 2 ---
2
Chenqi Technology Limited
ʮ̡
(Incorporated in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the Global
Offering
30,004,800 Shares
Number of Hong Kong Offer Shares 1,804,300 Shares (as adjusted after
reallocation)
Number of International Offer Shares 28,200,500 Shares (as adjusted after
reallocation)
Offer Price HK$35.00 per Offer Share plus brokerage
of 1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015%
and the Stock Exchange trading fee of
0.00565% (payable in full on application,
subject to refund)
Nominal value US$0.0005 per Share
Stock code 9680
Joint Sponsors, Sponsor-Overall Coordinators, Overall Coordinators, Joint Global
Coordinators, Joint Bookrunners and Joint Lead Managers
(in no particular order)
Joint Bookrunners
--- page 3 ---
CHENQI TECHNOLOGY LIMITED
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 June 28, 2024 (the “Prospectus”) issued by Chenqi Technology
Limited (the “Company”).
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the Shares could move
substantially even with a small number of Shares traded and should exercise extreme caution when
dealing in the Shares.
SUMMARY
Company information
Stock code 9680
Stock short name CHENQI TECH
Dealings commencement date July 10, 2024*
*see note at the end of the announcement
Price Information
Final Offer Price HK$35.000
Offer Price Range HK$34.000 - HK$45.400
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Number of Offer Shares 30,004,800
Number of Offer Shares in Public Offer (after reallocation) 1,804,300
Number of offer shares in International Offer (after
reallocation)
28,200,500
Number of issued shares upon Listing 204,113,852
Proceeds
Gross proceeds (Note) HK$ 1050.2 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (80.90) million
Net proceeds HK$ 969.2 million
Note: Gross proceeds refer to the amount to which the issuer is entitled to receive. For details of the use
of proceeds, please refer to the Prospectus dated June 28, 2024.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFER
No. of valid applications 1,467
No. of successful applications 1,467
Subscription level 0.60 times
Claw-back triggered No
--- page 4 ---
No. of Offer Shares initially available under the Public Offer 3,000,500
Final no. of Offer Shares under the Public Offer (after
reallocation)
1,804,300
% of Offer Shares under the Public Offer to the Global Offering
(after reallocation)
Approximate 6.01%
Note: For details of the final allocation of shares to the Public Offer , investors can refer to
https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
https://www.hkeipo.hk/iporesult for the full list of allottees.
INTERNATIONAL OFFER
No. of placees 106
Subscription Level 1.18 times
No. of Offer Shares initially available under the International
Offer
27,004,300
Final no. of Offer Shares under the International Offer (after
reallocation)
28,200,500
% of Offer Shares under the International Offer to the Global
Offering (after reallocation)
93.99%
The Directors confirm that, to the best of their knowledge, information and belief, save for waivers from strict compliance
with Rule 9.09(b) and/or Rule 10.04 of the Listing Rules and consents under paragraph 5(2) of Appendix F1 to the Listing
Rules (the “Placing Guidelines”) granted by the Stock Exchange to permit the Company to allocate Offer Shares in the
International Offering to certain existing Shareholders and a close associate of an existing Shareholder, (i) none of the
Offer Shares subscribed by the placees and the public have been financed directly or indirectly by the Company, any of
the Directors, chief executive of the Company, 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 instruc tions from the Company, any of the Directors,
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 Shares registered in his/her/its name or otherwise held by him/her/it.
The placees in the International Offer include the following:
Cornerstone Investors
Investor
No. of
Offer
Shares
allocated
Approximate %
of Offer
Shares
Approximate %
of total
issued share
capital after
the
Global
Offering
Aggregate %
of ownership
upon
completion
of the Global
Offering
Existing
shareholders
or
their close
associates
GAIG 10,561,600 35.20% 5.17% 35.52%
An existing
Shareholder
Hongkong
Pony AI
Limited 1,517,300 5.06% 0.74% 5.35%
An existing
Shareholder
Voyager
Global Inc. 6,627,700 22.09% 3.25% 5.70%
Close associate
of an existing
Shareholder
WeRide Inc. 4,416,000 14.72% 2.16% 2.16% No
Total 23,122,600 77.06% 11.33% 48.73% -
--- page 5 ---
Allotees with waivers/consent
Investor
No. of
Offer
Shares
allocated
Approximate %
of Offer
Shares
Approximate %
of total
issued share
capital after
the
Global
Offering
No. of
Shares
held
upon
Listing
Aggregate %
of
ownership
upon
completion
of the
Global
Offering
Existing
shareholders
or
their close
associates
GAIG 10,561,600 35.20% 5.17% 72,505,165 35.52%
An existing
Shareholder
Note(1)
Hongkong
Pony AI
Limited 1,517,300 5.06% 0.74% 10,909,912 5.35%
An existing
Shareholder
Note(2)
Voyager
Global
Inc. 6,627,700 22.09% 3.25% 11,627,700 5.70%
Close
associate of
an existing
Shareholder
Note(3)
Total 18,706,600 62.35% 9.16% 95,042,777 46.56% -
Notes:
(1) The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 9.09(b)
and Rule 10.04 of the Listing Rules and a written consent under Paragraph 5(2) of Appendix F1 to the Listing Rules in
relation to the all ocation of Offer Shares to one of the Cornerstone Investors, GAIG, which is an existing Shareholder
and a core connected person of the Company. The allocation of Offer Shares to GAIG is in compliance with all the
conditions under the waiver and consent granted by the Stock Exchange. See “Waivers from Strict Compliance with the
Listing Rules and Exemptions from Compliance with the Companies (Winding Up and Miscellaneous Provisions)
Ordinance” in the Prospectus for more details.
(2) The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04
of the Listing Rules and a written consent under Paragraph 5(2) of Appendix F1 to the Listing Rules in relation to the
allocation of Offer Shares to one of the Cornerstone Investors, Hongkong Pony AI Limited, which is an existing
Shareholder. The allocation of Offer Shares to Hongkong Pony AI Limited is in compliance with all the conditions under
the waiver and consent granted by the Stock Exchange. See “Waivers from Strict Compliance with the Listing Rules and
Exemptions from Compliance with the Companies (Winding Up and Miscellaneous Provisions) Ordinance” in the
Prospectus for more details.
(3) The Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with Rule 10.04
of the Listing Rules and a written consent under Paragraph 5(2) of Appendix F1 to the Listing Rules in relation to the
allocation of Offer Shares to one of the Cornerstone Investors, Voyager Global Inc., which is a close associate of Jovial
Lane Limited, an existing Shareholder. The allocation of Offer Shares to Voyager Global Inc. is in compliance with all
the conditions under the waiver and consent granted by the Stock Exchange. See “Waivers from Strict Compliance with
the Listing Rules and Exemptions from Compliance with the Companies (Winding Up and Miscellaneous Provisions)
Ordinance” in the Prospectus for more details.
LOCK-UP UNDERTAKINGS
--- page 6 ---
Controlling Shareholders
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings Note
(1)
GAIGNote (4) and (5)
72,505,165 35.52%
January 9, 2025 (First Six-
Month Period) Note (2)
July 9, 2025 (second six-
month period) Note (3)
Guangzhou Automobile
Group Co., Ltd.
26,202,774 12.84%
January 9, 2025 (First Six-
Month Period) Note (2)
July 9, 2025 (second six-
month period) Note (3)
China Lounge Investments
Limited Note (4)
26,202,774 12.84%
January 9, 2025 (First Six-
Month Period) Note (2)
July 9, 2025 (second six-
month period)Note (3)
Subtotal 72,505,165 35.52%
Notes:
(1) The lock-up period shown in the table above is required under the relevant Listing Rule/guidance materials, and
the first six-month lock-up period ends on January 9, 2024 (the "First Six-month Period") and the second six-month
lock-up period ends on July 9, 2025.
(2) Each of the Controlling Shareholders may dispose of or transfer Shares after the expiry of the First Six-month
Period, provided that each of the Controlling Shareholders will not cease to be a Controlling Shareholder (except
for the 10,561,600 Offer Shares allocated to GAIG pursuant to the Cornerstone Investment Agreement dated June
26, 2024 and entered into by the Company, GAIG and the Overall Coordinators (for themselves and on behalf of the
International Underwriters), which shall be subject to a lock-up period of 12 months ending on and including July 9,
2025).
(3) The Controlling Shareholders will cease to be prohibited from disposing of or transferring Shares after the
indicated date.
(4) As disclosed in the section headed “History, Reorganization and Corporate Structure – Pre-IPO Investments –
1. Overview” in the Prospectus, the Shares owned by such Controlling Shareholders (except for the 10,561,600
Offer Shares that GAIG subscribed under the relevant Cornerstone Investment Agreement) are also subject to lock-
up arrangements ending on the date which is 180 days following the Listing Date, which will end earlier than the
last day of the First Six-month Period pursuant to the relevant Listing Rule/guidance materials.
(5) Pursuant to the relevant Cornerstone Investment Agreement, GAIG has agreed on a lock-up period of 12 months
for the 10,561,600 Offer Shares (among the total 72,505,165 Shares owned by the GAIG) that GAIG subscribed
thereunder, details of which are set out in “Lock-up Undertakings — Cornerstone Investors” below.
Cornerstone Investors
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings Note
(1)
GAIG 10,561,600 5.17% July 9, 2025
--- page 7 ---
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings Note
(1)
Hongkong Pony AI
Limited 1,517,300 0.74% July 9, 2025
Voyager Global Inc. 6,627,700 3.25% July 9, 2025
WeRide Inc. 4,416,000 2.16% July 9, 2025
Subtotal 23,122,600 11.33% -
The expiry date of the lock-up period shown in the table above is pursuant to the relevant Cornerstone Investment
Agreements. The Cornerstone Investors have agreed on a lock-up period of 12 months ending on and including July
9, 2025. See “Cornerstone Investors – Restrictions on the Cornerstone Investor” in the Prospectus for further
details.
Existing Shareholders (other than the Controlling Shareholders)
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings
Tencent Mobility Limited 32,396,688 15.87% January 9, 2025Note (1)
Guangzhou Public
Transport Group Co., Ltd. 10,000,000 4.90% January 9, 2025Note (1)
Redmount Investments
Limited 5,000,000 2.45% January 9, 2025Note (1)
Da Yi Investment Co.,
Limited 5,000,000 2.45% January 9, 2025Note (1)
China Drive Investment
Limited 5,000,000 2.45% January 9, 2025Note (1)
Jovial Lane Limited 5,000,000 2.45% January 9, 2025Note (1)
SMBC Trust Bank Ltd. 3,007,986 1.47% January 9, 2025Note (1)
DMR VENTURE FUND 2,958,674 1.45% January 9, 2025Note (1)
Hongkong Pony AI
Limited 9,392,612 4.60% January 9, 2025Note (1) and (4)
Guangzhou Guangshang
Xinfu Industrial Investment
Fund Partnership (Limited
Partnership) 2,465,563 1.21% January 9, 2025Note (1)
Guangzhou Industrial
Control Mixed Reform
Equity Investment Fund
Partnership (Limited
Partnership) 2,465,563 1.21% January 9, 2025Note (1)
Guangzhou Kechuang
Hexing Equity Investment
Partnership (Limited
Partnership) 1,849,172 0.91% January 9, 2025Note (1)
Guangzhou Kechuang
Industrial Investment Fund
Partnership (Limited
Partnership) 1,479,337 0.72% January 9, 2025Note (1)
Shengrich Group Ltd 1,642,575 0.80% January 9, 2025Note (1)
--- page 8 ---
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings
Guangzhou Development
Zone Hydrogen City
Growth Industry
Investment Fund
Partnership (Limited
Partnership) 657,030 0.32% January 9, 2025Note (1)
Guangzhou Chentu Huajie
Venture Capital Fund
Partnership (Limited
Partnership) 2,135,348 1.05% January 9, 2025Note (1)
Guangzhou Jinglong
Venture Capital Partnership
(Limited Partnership) 657,030 0.32% January 9, 2025Note (1)
Gongqingcheng Xinyi
Ruian Investment
Partnership (Limited
Partnership) 927,201 0.45% January 9, 2025Note (1)
Chengdu Chiding Venture
Capital Management Co.,
Ltd. 657,030 0.32% January 9, 2025Note (1)
Shaoguan Rongyu
Enterprise Management
Co., Ltd. 468,134 0.23% January 9, 2025Note (1)
Guangzhou Huiyin New
Energy Equity Investment
Partnership (Limited
Partnership) 680,026 0.33% January 9, 2025Note (1)
Foshan Kaisheng No. 1
Equity Investment
Partnership (Limited
Partnership) 328,515 0.16% January 9, 2025Note (1)
Guangdong Ruihao No. 1
New Energy Equity
Investment Partnership
(Limited Partnership) 1,133,377 0.56% January 9, 2025Note (1)
Guangdong Ruihao No. 2
New Energy Equity
Investment Partnership
(Limited Partnership) 377,792 0.19% January 9, 2025Note (1)
Guangmintou New Energy
Equity Investment (Foshan)
Partnership (Limited
Partnership) 2,611,695 1.28% January 9, 2025Note (1)
Guangdong Hengxin
Zhixing Equity Investment
Partnership (Limited
Partnership) 519,053 0.25% January 9, 2025Note (1)
Hefei Gotion High-Tech
Power Energy Co., Ltd. 5,190,538 2.54% January 9, 2025Note (1)
Ruqi Mobility(a) Limited 110,000 0.05% July 9, 2025Note (2)
Ruqi Mobility(b) Limited 22,190 0.01% July 9, 2025Note (2)
--- page 9 ---
Name
Number of Shares
subject to lock-up
undertakings upon
Listing
Approximate % of
shareholding in the
Company subject to
lock-up undertakings
upon Listing
Last day subject to the
lock-up undertakings
Ruqi Mobility(c) Limited 52,500 0.03% July 9, 2025Note (2)
Ruqi Mobility(d) Limited 60,000 0.03% July 9, 2025Note (2)
Ruqi Mobility(e) Limited 60,000 0.03% July 9, 2025Note (2)
Mr. Han Feng 90,000 0.04% July 9, 2025Note (2)
Zhixing On Time Limited 7,383,288 3.62% January 9, 2025Note (1)
Zhixing Jovial I Limited 296,570 0.15% January 9, 2025Note (1)
Zhixing Jovial II Limited 90,000 0.04% January 9, 2025Note (1)
Subtotal 112,165,487 54.95% -
Notes:
(1) The expiry date of the lock -up period is pursuant to the Lock -up Undertakings as defined and further detailed in
the section headed “Underwriting – Underwriting Arrangements and Expenses – Hong Kong Public Offering –
Undertakings by the Existing Shareholders” in the Prospectus.
(2) The expiry date of the lock-up period is pursuant to the lock-up arrangement of 12 months under the Pre-IPO
Equity Incentive Plan as defined and further detailed in the section headed “Statutory and General Information - D.
Share Incentive Scheme” in Appendix IV to the Prospectus.
(3) As disclosed in the section headed “History, Reorganization and Corporate Structure – Pre-IPO Investments –
1. Overview” in the Prospectus, the existing Shareholders, other than Zhixing On Time Limited, Zhixing Jovial I
Limited, Zhixing Jovial II Limited, Ruqi Mobility(a) Limited, Ruqi Mobility(b) Limited, Ruqi Mobility(c) Limited,
Ruqi Mobility(d) Limited and Ruqi Mobility(e) Limited, are also subject to lock-up arrangements ending on the date
that is 180 days following the Listing Date, which will end earlier than the last day of the lock-up period pursuant to
the relevant Lock-up Undertakings.
(4)In addition to the 9,392,612 Shares held by Pony AI as shown here, Pony AI subscribed additional 1,517,300
Offer Shares pursuant to the relevant Cornerstone Investment Agreement and agreed on a lock-up period of 12
months for such Offer Shares subscribed thereunder, details of which are set out in “Lock-up Undertakings —
Cornerstone Investors” above.
--- page 10 ---
PLACEE CONCENTRATION ANALYSIS
Placees Number of Shares allotted
Allotment as % of International Offering
(after reallocation) Allotment as % of total Offer Shares
Number of
Shares held upon Listing#
Approximate % of total issued share
capital upon Listing
Top 1 10,561,600 37.45% 35.20% 92,620,909 45.38%
Top 5 25,540,200 90.57% 85.12% 112,599,509 55.17%
Top 10 28,183,900 99.94% 93.93% 124,635,821 61.06%
Top 25 28,188,400 99.96% 93.95% 124,640,321 61.06%
Notes
* Ranking of placees is based on the number of Shares allotted to the placees.
# For the purpose of the shareholder concentration analysis, all Shares owned by those Shareholders controlled by Guangzhou Municipal Government are aggregated and such
Shareholders are presumed to be a group of Shareholders under the common control of Guangzhou Municipal Government.
--- page 11 ---
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of Offer S
hares allotted
Allotment as % of
International Offering
(after reallocation)
Allotment as % of total
Offer Shares
Number of Shares held
upon Listing#
% of total issued share
capital upon Listing
Top 1 10,561,600 37.45% 35.20% 92,620,909 45.38%
Top 5 18,706,600 66.33% 62.35% 154,938,497 75.91%
Top 10 23,122,600 81.99% 77.06% 179,545,035 87.96%
Top 25 28,183,000 99.94% 93.93% 201,807,362 98.87%
Notes:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
# For the purpose of the shareholder concentration analysis, all Shares owned by those Shareholders controlled by
Guangzhou Municipal Government are aggregated and such Shareholders are presumed to be a group of Shareholders
under the common control of Guangzhou Municipal Government.
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:
POOL A
No. of
Shares
applied
for
No. of
valid
application Basis of allotment/ballot
Approximate %
allotted of the
total no. of
Shares applied
for
100 853 100 shares 100.00%
200 191 200 shares 100.00%
300 74 300 shares 100.00%
400 26 400 shares 100.00%
500 81 500 shares 100.00%
600 35 600 shares 100.00%
700 8 700 shares 100.00%
800 5 800 shares 100.00%
900 4 900 shares 100.00%
1,000 77 1,000 shares 100.00%
1,500 19 1,500 shares 100.00%
2,000 22 2,000 shares 100.00%
2,500 7 2,500 shares 100.00%
--- page 12 ---
3,000 8 3,000 shares 100.00%
3,500 2 3,500 shares 100.00%
4,000 6 4,000 shares 100.00%
4,500 5 4,500 shares 100.00%
5,000 8 5,000 shares 100.00%
6,000 2 6,000 shares 100.00%
7,000 1 7,000 shares 100.00%
8,000 3 8,000 shares 100.00%
9,000 4 9,000 shares 100.00%
10,000 12 10,000 shares 100.00%
20,000 4 20,000 shares 100.00%
30,000 2 30,000 shares 100.00%
50,000 1 50,000 shares 100.00%
100,000 5 100,000 shares 100.00%
Total
1,465
Total number of Pool A successful applicants:
1,465
POOL B
No. of
Shares
applied
for
No. of
valid
application Basis of allotment/ballot
Approximate %
allotted of the
total no. of
Shares applied
for
200,000 2 200,000 shares 100.00%
Total
2 Total number of Pool B successful applicants: 2
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.
STABILIZATION
No stabilizing manager is appointed, and it is anticipated that no stabilization activities will be carried out in
relation to the Global Offering.
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 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
--- page 13 ---
by them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy,
SFC transaction levy and trading fee payable.
DISCLAIMERS
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. The securities ment ioned
herein have not been, and will not be, registered under the United States Securities Act of 1933, as
amended (the “U.S. Securities Act”). The securities may not be offered or sold in the United States
except pursuant to an exemption from the registra tion requirements of the U.S. Securities Act and in
compliance with any applicable state securities laws, or outside the United States unless in
compliance with Regulation S under the U.S. Securities Act. There will be no public offer of
securities in the United States.
The Offer Shares are being offered and sold outside the United States in offshore transactions in reliance
on Regulation S under the U.S. Securities Act.
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 June 28, 2024 issued by Chenqi Technology Limited for detailed
information about the Global Offering described below before deciding whether or not to invest in the
Shares thereby being offered.
*Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and
on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the
Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events set
out in the paragraph headed “Underwriting – Underwriting Arrangements and Expenses – Hong Kong
Public Offering – Grounds for Termination” in the Prospectus at any time prior to 8:00 a.m. (Hong
Kong time) on the Listing Date (which is currently expected to be on July 10, 2024).
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3
PUBLIC FLOAT
Immediately following the completion of the Global Offering, (i) at least 25% of the total number
of issued Shares will be held by the public, in compliance with Rule 8.08(1)(a) of the Listing
Rules; (ii) the three largest public Shareholders do not hold more than 50% of the Shares in public
hands at the time of Listing in compliance with Rules 8.08(3) and 8.24 of the Listing Rules;
(iii) there will not be any new substantial Shareholder (as defined in the Listing Rules) of the
Company; and (iv) 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
The Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday, July 10,
2024 (Hong Kong time), provided that the Global Offering has become unconditional and the right
of termination described in the paragraph headed “Underwriting – Underwriting Arrangements and
Expenses – Hong Kong Public Offering – Grounds for Termination ” in the Prospectus has not been
exercised. Investors who trade the Shares on the basis of publicly available allocation details prior
to the receipt of Share certificates or prior to the 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 Wednesday,
July 10, 2024 (Hong Kong time), it is expected that dealings in the Shares on the Stock Exchange
will commence at 9:00 a.m. on Wednesday, July 10, 2024 (Hong Kong time).
The Shares will be traded in board lots of 100 Shares each, and the stock code of the Shares will
be 9680.
By order of the Board
Chenqi Technology Limited
Mr. Gao Rui
Chairman of the Board
Hong Kong, July 9, 2024
As at the date of this announcement, the board of directors of the Company comprises (i) Mr.
Jiang Hua as executive director; (ii) Mr. Gao Rui, Ms. Xiao Yan, Mr. Liang Weiqiang, Mr. Zhong
Xiangping and Ms. Bai Hui as non-executive directors; and (iii) Mr. Zhang Junyi, Mr. Zhang
Senquan and Mr. Li Maoxiang as independent non-executive directors.
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