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hk-ipo/data/extracted_text/09880/allotment_results_2023-12-28_2023122801642.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

2135 lines
58 KiB
Plaintext
Raw Blame History

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--- page 1 ---
1
Unless otherwise defined in this announcement, capitalised terms used in this announcement shall have the same
meanings as those defined in the prospectus dated 19 December 2023 (the “Prospectus ”) issued by UBTECH
ROBOTICS CORP LTD (ʮ̡ ) (the “Company ”).
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 Hong Kong, the United States or elsewhere. The Offer Shares 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 ”). The Offer Shares may
not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the
U.S. Securities Act. There will be no public offer of the Offer Shares in the United States. The Offer Shares are being
offered and sold (1) solely to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act
pursuant to an exemption from 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 for
detailed information about the Global Offering described below before deciding whether or not to invest in the H
Shares thereby being offered.
In connection with the Global Offering, Guotai Junan Securities (Hong Kong) Limited (the “Stabilizing Manager ”),
its affiliates or any person acting for it, on behalf of the Underwriters, may over-allocate and effect transactions with
a view to stabilizing or supporting the market price of the H Shares at a level higher than that which might otherwise
prevail for a limited period after Listing Date. However, there is no obligation on the Stabilizing Manager, its affiliates
or any person acting for it, to conduct any such stabilizing action, which, if commenced, will be done at the sole and
absolute discretion of the Stabilizing Manager, its affiliates or any person acting for it, and may be discontinued at any
time. Any such stabilizing activity is required to be brought to an end on Sunday, January 21, 2024, being the 30th day
after the last day for the lodging of applications under the Hong Kong Public Offer. Such stabilization action, if taken,
may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable
laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules (Chapter 571W
of the Laws of Hong Kong), as amended, made under the Securities and Futures Ordinance (Chapter 571 of the Laws
of Hong Kong).
Potential investors should be aware that stabilizing action cannot be taken to support the price of the H Shares for
longer than the stabilization period which begins on the Listing Date and is expected to expire on Sunday, January 21,
2024, being the 30th day after the last day for lodging applications under the Hong Kong Public Offer. After this date,
no further stabilizing action may be taken, and demand for the H Shares, and therefore the price of the H Shares, could
fall.
Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and on behalf of the
Hong Kong Underwriters and the Capital Market Intermediaries) 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 Offer – Hong Kong
Underwriting Agreement – 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 Friday, December 29, 2023).
In connection with the Global Offering, the Company is expected to grant the Over-Allotment Option to the
International Underwriters, exercisable by the Overall Coordinators (for themselves and on behalf of the International
Underwriters and the Capital Market Intermediaries). Pursuant to the Over-Allotment Option, the International
Underwriters will have the right, exercisable by the Overall Coordinators (for themselves and on behalf of the
International Underwriters and the Capital Market Intermediaries) at any time from the Listing Date until 30 days after
the last day for lodging applications under the Hong Kong Public Offer being Sunday, January 21, 2024, to require
the Company to issue and allot up to 1,692,300 additional Offer Shares, representing 15% of Offer Shares initially
available under the Global Offering, at the Offer Price, to cover over-allocations in the International Placing, if any.
--- page 2 ---
2
UBTECH ROBOTICS CORP LTD
深圳市優必選科技股份有限公司
(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
: 11,282,000 H Shares (subject to the
Over-Allotment Option)
Number of Hong Kong Offer Shares : 1,128,200 H Shares (subject to
re-allocation)
Number of International Placing Shares : 10,153,800 H Shares (subject to the Over-
Allotment Option and re-allocation)
Offer Price : HK$90 per H Share plus brokerage fee of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 9880
Sole Sponsor, Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers
--- page 3 ---
4
UBTECH ROBOTICS CORP LTD / 深圳市優必選科技股份有限公司
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 December 19, 2023 (the “Prospectus”) issued by UBTECH
ROBOTICS CORP LTD (the “Company”).
Warning: In view of high concentration of shareholding in a small number of H Share
Shareholders, H Share 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 9880
Stock short name UBTECH ROBOTICS
Dealings commencement date December 29, 2023*
*see note at the end of the announcement
Price Information
Final Offer Price HK$90
Offer Price Range HK$86.000 - HK$116.000
Offer Price Adjustment exercised No
Offer Shares and Share Capital
Number of Offer Shares 11,282,000
Number of Offer Shares in Hong Kong Public Offer 1,128,200
Number of Offer Shares in International Placing 10,153,800
Number of issued shares upon Listing 417,850,674
Over-allocation
No. of Offer Shares over-allocated 1,692,300
Such over-allocation may be covered by exercising the Over-Allotment Option or by making purchases
in the secondary market at prices that do not exceed the Offer Price or through deferred delivery or 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.
Proceeds
Gross proceeds (Note) HK$1,015.38 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (109.51) million
Net proceeds HK$905.87 million
Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
proceeds, please refer to the Prospectus dated December 19, 2023.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFER
--- page 4 ---
5
No. of valid applications 5,414
No. of successful applications 3,581
Subscription level 5.16 times
Claw-back triggered No
No. of Offer Shares initially available under the Hong Kong Public
Offer
1,128,200
Final no. of Offer Shares under the Hong Kong Public Offer 1,128,200
% of final no. of Offer Shares under the Hong Kong Public Offer
to the Global Offering (after over-allocation)
8.7%
Note: For details of the final allocation of H Shares to the Hong Kong Public Offer, investors can refer to
www.hkeipo.hk/IPOResult to perform a search by name or identification number or
www.hkeipo.hk/IPOResult for the full list of allottees.
INTERNATIONAL PLACING
No. of placees 118
Subscription Level 2.16
No. of Offer Shares initially available under the International
Placing
10,153,800
Final no. of Offer Shares under the International Placing (after
over-allocation)
11,846,100
% of final no. of Offer Shares under the International Placing to
the Global Offering (after over-allocation)
91.3%
Save as the allocation of Offer Shares to Guosen Securities Company Limited, which was engaged by
Liuzhou Government Investment Fund, an existing Shareholder of the Company, to subscribe for and hold
the relevant Offer Shares on a discretionary basis on its behalf1, 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 Shares registered in his/her/its name or
otherwise held by him/her/it.
There are a total of 118 placees under the International Placing. A total of 97 placees have been allotted five
board lots of the Offer Shares or less, representi ng approximately 82.2% of the 118 placees under the
International Placing. These plac ees have been allotted 6,000 Offer Shares in total, representing
approximately 0.059% of the total numb er of the Offer Shares under the In ternational Placing (before any
exercise of the Over-Allotment Option). A total of 96 pl acees have been allotted three board lots of the Offer
Shares or less, representing approximately 81.4% of the 118 placees under the International Placing. These
placees have been allotted 5,750 Offer Shares in total, representing approximately 0.057% of the total number
1 For details, please see “Others / Additional information – Connected Client as a Placee (with the Consent under Paragraph 5(1) of
the Placing Guidelines) Subscribing for and Holding on a Discretionary Basis on Behalf of an Existing Shareholder (with the
Waiver and Consent under Rule 10.04 of the Listing Rules and Paragraph 5(2) of the Placing Guidelines)” in this announcement
below.
--- page 5 ---
6
of the Offer Shares under the International Placing (before any exercise of the Over-Allotment Option). A total
of 94 placees have been allotted two board lots of the Offer Shares or less, representing approximately 79.7%
of the 118 placees under the International Placing. Th ese placees have been allotted 5,450 Offer Shares in
total, representing approximately 0. 054% of the total number of the Of fer Shares under the International
Placing (before any exercise of the Over-Allotment Option). A total of 79 placees have been allotted one board
lot of the Offer Shares, representing approximately 66.9% of the 118 placees under the International Placing.
These placees have been allotted 3,950 Offer Shares in total, representing approximately 0.039% of the total
number of Offer Shares under the International Placing (before any exercise of the Over-Allotment Option).
The placees in the International Placing include the following:
Cornerstone Investor
Investor
No. of
Offer
Shares
Allocated Note 1
% of Offer
Shares
% of total
issued
H Shares after
the Global
Offering
% of total
issued share
capital after the
Global Offering
(assuming the
Over-Allotment
Option is not
exercised)
Existing
Shareholders or
their close
associates
E-Town
International
Holding (Hong
Kong) Co.,
Limited / 亦莊
國際控股(香港)
有限公司 6,025,800 Note 2 53.41% 5.11% 1.44% No
Total 6,025,800 53.41% 5.11% 1.44%
Notes:
1. The Offer Shares below refer to H Shares.
2. The final number of the Offer Shares allotted to E-Town Inter national Holding (Hong Kong) Co.,
Limited (the “ Cornerstone Investor ”) was calculated with reference to the actual investment
amount of the Cornerstone Investor in Hong Kong dollars which is based on the exchange rate of
RMB to HK$ quoted by the bank for the Cornerst one Investor’s outbound remittance of funds
pursuant to the overseas direct investment approval or any ot her government approval, filing,
registration or consent required for the outbound transfer and foreign exchange of funds instead of
the exchange rate as disclosed in the Prospectus. Due to the currency exchange difference, the final
number of Offered Shares a llotted was different from the illustra tive number of Offer Shares to be
subscribed by the Cornerstone Investor as disclosed in the Prospectus.
Allottees with waivers/consents obtained
--- page 6 ---
7
Investor
No. of Offer
Shares allocated
% of Offer
Shares
% of total
issued
H Shares after
the Global
Offering
% of
total
issued
share
capital
after the
Global
Offering
(assumin
g the
Over-
Allotmen
t Option
is not
exercise
d) Relationship*
Guosen Securities
Company Limited /
國信證券股份有限
公司 (“Guosen
Securities”) Note 1 3,635,000 32.22 3.08 0.87
Guosen
Securities is a
connected client
of Guosen
Securities (HK)
Capital
Company
Limited
(“GS(HK)”) by
virtue of
GS(HK) being
an indirect
wholly-owned
subsidiary of
Guosen
Securities.
CSI Capital
Management
Limited (“CSI”)
Note 2 86,000 0.76 0.07 0.02
CSI is a
connected client
of CLSA
Limited
(“CLSA”) by
virtue of both of
them being
indirect wholly-
owned
subsidiaries of
CITIC
Securities Co.,
Ltd.
Total 3,721,000 32.98 3.15 0.89
Note:
1. Guosen Securities was engaged by Liuzhou Government Investment Fund, as an asset manager that
is a qualified domestic institutional investor as approved by the relevant PRC authority in the name
of “ 國信證券匯晟 9號QDII單一資產管理計劃 ”, to subscribe for and hold the relevant Offer
Shares on a discretionary basis on behalf of Liuz hou Government Investment Fund. For details,
--- page 7 ---
8
please see “Others / Additional information – Connected Client as a Placee (with the Consent under
Paragraph 5(1) of the Placing Guidelines) Sub scribing for and Holding on a Discretionary Basis
on Behalf of an Existing Shareholder (with the Waiver and Consent under Rule 10.04 of the Listing
Rules and Paragraph 5(2) of the Placing Guidelines)” in this announcement below.
2. CSI subscribed for the relevant Offer Shares as a placee under the International Placing, which will
be held on behalf of independent third parties on a non-discretionary basis. For details, please see
“Others / Additional information – Connected Client as a Placee (with the Consent under Paragraph
5(1) of the Placing Guidelines)” in this announcement below.
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H-shares after
the Global
Offering
subject to lock-up
undertakings
uponListing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Notes
1, 2
ZHOU Jian / 周劍 103,586,040 - 24.79% December 28,
2024
Shenzhen
Evolution
Investment Limited
Partnership / 深圳
市進化論投資合夥
企業（有限合夥）
39,599,280 - 9.48%
December 28,
2024
XIA Zuoquan / 夏
佐全
22,888,800 - 5.48%
December 28,
2024
Shenzhen
Sanciyuan
Enterprise
Management
Consulting Limited
Partnership / 深圳
三次元企業管理諮
詢合夥企業（有限
合夥）
14,538,600 - 3.48%
December 28,
2024
XIA Yongjun / 夏
擁軍
11,039,400 - 2.64%
December 28,
2024
XIONG Youjun /
熊友軍
8,290,743 - 1.98%
December 28,
2024
WANG Lin / 王琳
8,201,880 - 1.96%
December 28,
2024
--- page 8 ---
9
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H-shares after
the Global
Offering
subject to lock-up
undertakings
uponListing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Notes
1, 2
Shenzhen Zhineng
Youxuan
Investment Limited
Partner / 深圳市智
能優選投資合夥企
業（有限合夥）
3,220,200 H
Shares
2.73% 0.77%
December 28,
2024
ZHAO Guoqun /
趙國群
2,469,657 H
Shares
2.10% 0.59% December 28,
2024
Subtotal 213,834,600
(including
5,689,857 H
Shares)
4.83% 51.17%
Notes:
1. In accordance with the relevant Listing Rule/guidance materials , the required lock-up for the
first six-month period ends on June 28, 2024 and for the second six-month period, on December
28, 2024.
2. According to the PRC Company Law, the Shares held by the Contro lling Shareholders prior to
the Global Offering are restric ted from trading within one year from the Listing Date.
Pre-IPO Investors (as defined in the “History, Development and Corporate Structure” section of the
Prospectus)
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
QM25 Limited
23,681,160
(including
11,840,580 H
Shares)
10.04% 5.67%
December 28,
2024
IMAGE FRAME
INVESTMENT
(HK) LIMITED
22,128,840 H
Shares
18.77% 5.30%
December 28,
2024
--- page 9 ---
10
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Hangzhou Youzhi
Enterprise
Management
Services Limited
Partnership / 杭州
優知企業管理服務
合夥企業（有限合
夥）
14,198,883 -
3.40%
December 28,
2024
Liuzhou Industrial
Guidance Fund
Investment
Management
Company Limited /
柳州市產業引導基
金投資管理有限公
司
12,677,485 - 3.03%
December 28,
2024
Shanghai Ding Hui
Jia Ling Investment
Center Limited
Partnership / 上海
鼎暉嘉瓴投資中心
（有限合夥）
7,040,160
(including
5,000,000 H
Shares)
4.24%
1.68%
December 28,
2024
ICBC (Shenzhen)
Equity Investment
Fund Limited
Partnership / 工銀
（深圳）股權投資
基金合夥企業（有
限合夥）
6,861,960 H
Shares
5.82%
1.64%
December 28,
2024
Jiujiang Youxuan
Zhihui Chanye
Investment
Development
Center Limited
Partnership / 九江
市優選智慧產業投
資發展中心（有限
合夥）
6,338,742 - 1.52%
December 28,
2024
Beijing Juran Zhijia
Investment
Management
Cente
r
5,802,120 - 1.39%
December 28,
2024
--- page 10 ---
11
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Limited Partnership
/ 北京居然之家投
資管理中心（有限
合夥）
Shenzhen Zhineng
Jiaxuan Investment
Limited
Partnership / 深圳
市智能佳選投資合
夥企業（有限合
夥）
5,379,840 H
Shares
4.56%
1.29%
December 28,
2024
Shenzhen Huizhi
Tongtai Investment
Limited
Partnership / 深圳
匯智同泰投資合夥
企業（有限合夥）
5,139,000 H
Shares
4.36%
1.23%
December 28,
2024
Chongqing
Liangjiang Xinqu
Chengwei
Enterprise
Management
Limited Partnership
/重慶兩江新區承
為企業管理合夥企
業（有限合夥）
3,847,320 H
Shares
3.26%
0.92%
December 28,
2024
Tencent
Technology
(Shenzhen) Co.,
Ltd. / 騰訊科技
（深圳）有限公司
3,532,320 H
Shares
3.00%
0.85%
December 28,
2024
Hangzhou Hushan
Equity Investment
Company Limited /
杭州湖山股權投資
有限公司
3,169,371 - 0.76%
December 28,
2024
Chengdu
Hongzhijia
Enterprise
Management
Centre (Limited
Partnership) / 成都
2,708,640 - 0.65%
December 28,
2024
--- page 11 ---
12
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
宏之佳企業管理中
心（有限合夥）
Liuzhou
Government
Investment
Guidance Fund
Management
Company Limited /
柳州市政府投資引
導基金管理有限公
司
2,535,497 - 0.61%
December 28,
2024
Huzhou
Tianlangxing
Huihuang Equity
Investment
Limited Partnership
/ 湖州天狼星輝煌
股權投資合夥企業
（有限合夥）
2,516,760 H
Shares
2.13%
0.60%
December 28,
2024
Zhuhai Hengqin
Jinfuzi Pangu No.
29 Equity
Investment Center
Limited Partnership
/ 珠海橫琴金斧子
盤古貳拾玖號股權
投資中心（有限合
夥）
2,447,640 H
Shares
2.08%
0.59%
December 28,
2024
Ningbo Bonded
Area Jiuyou Wise
Investment
Limited Partnership
/ 寧波保稅區久友
智選投資合夥企業
（有限合夥）
2,423,880
(including
1,508,355 H
Shares)
1.28%
0.58%
December 28,
2024
Chia Tai
Investment
Management
Limite
d
2,132,640 H
Shares
1.81%
0.51%
December 28,
2024
Puyang Financial
Holdin
g Co., 2,045,259 - 0.49% December 28,
2024
--- page 12 ---
13
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Ltd / 濮陽市金融
控股有限公司
Beijing Langma
Yongan Investment
Management Stock
Company / 北京朗
瑪永安投資管理股
份公司
1,748,160 H
Shares
1.48%
0.42%
December 28,
2024
Yiwu Hongyuan
Investment
Management
Limited
Partnership / 義烏
弘緣投資管理合夥
企業（有限合夥）
1,748,160 - 0.42%
December 28,
2024
YBX COMPANY
LIMITED 1,748,160 - 0.42% December 28,
2024
Beijing Tianlang
Xingsu Investment
Management
Center Limited
Partnership / 北京
天狼星宿投資管理
中心（有限合夥）
1,514,880 H
Shares
1.29%
0.36%
December 28,
2024
Shenzhen Huizhi
Tongying
Investment Limited
Partnership / 深圳
匯智同盈投資合夥
企業（有限合夥）
1,284,840 H
Shares
1.09%
0.31%
December 28,
2024
Suzhou Lifu Tianda
Intelligent Robots
Limited
Partnership / 蘇州
立富天達智能機器
人合夥企業（有限
合夥）
1,281,600 H
Shares
1.09%
0.31%
December 28,
2024
Beijing SINOIF
Financial Services
Outsourcing
Compan
y Limited /
1,271,879
(including
250,000 H Shares)
0.21%
0.30%
December 28,
2024
--- page 13 ---
14
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
北京中金匯理金融
服務外包有限公司
Anqing Tongan
Chanye Zhaoshang
Investment Fund
Limited Partnership
/ 安慶市同安產業
招商投資基金（有
限合夥）
1,267,748 H
Shares
1.08%
0.30%
December 28,
2024
Xiamen Jinyuan
Investment Group
Company Limited /
廈門金圓投資集團
有限公司
1,267,748 - 0.30%
December 28,
2024
Xiamen Siming
District Chanye
Investment
Company Limited /
廈門市思明區產業
投資有限公司
1,267,748 - 0.30%
December 28,
2024
Qingdao Jinshi
Haorui Investment
Co., Ltd. / 青島金
石灝汭投資有限公
司
1,222,920 H
Shares
1.04%
0.29%
December 28,
2024
Shenzhen Leaguer
Huarui Investment
Enterprise Limited
Partnership / 深圳
市力合華睿投資企
業（有限合夥）
1,119,240 H
Shares
0.95%
0.27%
December 28,
2024
Zhuhai Huaying
Youxuan
Investment Limited
Partnership / 珠海
鏵盈優選投資合夥
企業（有限合夥）
1,077,840 H
Shares
0.91%
0.26%
December 28,
2024
Puyang Youzi
Investment
Development
Compan
y Limited /
890,588 - 0.21%
December 28,
2024
--- page 14 ---
15
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
濮陽市豫資投資發
展有限公司
iFlytek Stock Co.,
Ltd. / 科大訊飛股
份有限公司
889,560 - 0.21%
December 28,
2024
Shenzhen Songhe
Growth Equity
Investment Limited
Partnership / 深圳
市松禾成長股權投
資合夥企業（有限
合夥）
874,080 H Shares 0.74%
0.21%
December 28,
2024
Shanghai Zhonghui
Jinjiu Phase 11
Equity Investment
Fund Management
Limited Partnership
/ 上海中匯金玖十
一期股權投資基金
管理合夥企業（有
限合夥）
874,080 H Shares 0.74%
0.21%
December 28,
2024
Jinan Changqing
Shengxin Equity
Investment
Management
Center Limited
Partnership / 濟南
常青盛欣股權投資
管理中心（有限合
夥）
704,225 - 0.17%
December 28,
2024
Ningbo Meishan
Bonded Area
Haohong Equity
Investment Limited
Partnership / 寧波
梅山保稅港區灝泓
股權投資合夥企業
（有限合夥）
651,960 H Shares 0.55%
0.16%
December 28,
2024
Yangzhou Longtou
Chuanghai No. 1
Chan
gye
633,874 - 0.15%
December 28,
2024
--- page 15 ---
16
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Funds Limited
Partnership / 揚州
龍投創海壹號產業
基金合夥企業（有
限合夥）
Taian Taiying
Caijian Equity
Investment Fund
Limited Partnership
/ 泰安市泰鷹財建
股權投資基金合夥
企業（有限合夥）
561,600 H Shares 0.48%
0.13%
December 28,
2024
Hangzhou
Yuanxing
Yuhan Equity
Investment Fund
Limited Partnership
/ 杭州源星昱瀚股
權投資基金合夥企
業（有限合夥）
507,082 H Shares 0.43%
0.12%
December 28,
2024
Shanghai Youjue
Medical
Technology
Limited Partnership
/ 上海優爵醫療科
技合夥企業（有限
合夥）
480,088 - 0.11%
December 28,
2024
Gongqingcheng
Yachang
Jiake Investment
Management
Limited Partnership
/ 共青城亞昌嘉科
投資管理合夥企業
（有限合夥）
405,686 - 0.10%
December 28,
2024
Hangzhou Huaxia
Kefa Equity
Investment Limited
Partnership / 杭州
華夏科發股權投資
合夥企業（有限合
夥）
389,914
(including
194,957 H Shares)
0.17% 0.09%
December 28,
2024
--- page 16 ---
17
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Zhongtai Venture
Capital (Shenzhen)
Company Limited /
中泰創業投資（深
圳）有限公司
380,324 - 0.09%
December 28,
2024
Zibo Zhouhan
Equity Investment
Limited Partnership
/ 淄博洲涵股權投
資合夥企業（有限
合夥）
305,890 H Shares 0.26% 0.07%
December 28,
2024
Gongqingcheng
Jialu Investment
Management
Limited Partnership
/ 共青城嘉麓投資
管理合夥企業（有
限合夥）
253,551 - 0.06%
December 28,
2024
Pingyang Bangtuo
Equity Investment
Limited Partnership
/ 平陽邦拓股權投
資合夥企業（有限
合夥）
222,828 - 0.05%
December 28,
2024
Qingdao Anyu No.
1 Investment
Limited Partnership
/ 青島安宇壹號投
資合夥企業（有限
合夥）
219,460 H Shares 0.19%
0.05%
December 28,
2024
Zibo Linrui
Youxuan Equity
Investment
Management
Limited
Partnership / 淄博
麟睿優選股權投資
管理合夥企業（有
限合夥）
217,394 - 0.05%
December 28,
2024
Hanying Youxiang
(Zhaozhuang)
Equit
y Investment
197,398 - 0.05%
December 28,
2024
--- page 17 ---
18
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing (assuming
the Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings Note 1
Limited Partnership
/ 漢盈優享（棗
莊）股權投資合夥
企業（有限合夥）
Telstra Ventures
Fund II, L.P. 174,960 H Shares 0.15% 0.04% December 28,
2024
PENG Yahua / 彭
亞華 131,312 - 0.03% December 28,
2024
Foshan Hongtao
Jiuhe New
Construction
Equity Investment
Limited Partnership
/ 佛山弘陶九合新
基建股權投資合夥
企業（有限合夥）
125,485 H Shares 0.11% 0.03%
December 28,
2024
Pingyang Yuandao
Equity Investment
Limited Partnership
/ 平陽源道股權投
資合夥企業（有限
合夥）
83,304 - 0.02%
December 28,
2024
Subtotal 164,603,083
(including
87,592,037 H
Shares)
74.31% 39.39%
Note:
The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
Existing Shareholders (other than the Pre-IPO Investors as defined in the “History, Development and
Corporate Structure” section of the Prospectus)
--- page 18 ---
19
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
(assuming the
Over-Allotment
Option is not
exercised)
Last day subject
to the lock-up
undertakings Note 1
ZHOU Jing /周靜
6,660,000
(including
6,000,000 H
Shares)
5.09%
1.59%
December 28,
2024
Haikun Investment
Management
(Shanghai) Limited
Company/ 海鯤投
資管理（上海）有
限公司
5,689,081 - 1.36%
December 28,
2024
Beijing Fuzhong
Kangding
Management
Consulting
Limited Partnership
/ 北京富眾康鼎管
理諮詢合夥企業
（有限合夥）
4,667,400 - 1.12%
December 28,
2024
Shanghai Ningjing
Youxuan
Management
Consultancy
Limited Partnership
/上海甯靖優選管
理諮詢合夥企業
（有限合夥）
3,889,375 H
Shares
3.30%
0.93%
December 28,
2024
Shanghai Yaosen
Investment
Management Co.,
Ltd./ 上海垚森投
資管理有限公司
1,748,160 - 0.42%
December 28,
2024
Chengdu Zhongrui
Zhixuan Equity
Investment Fund
Limited Partnership
/ 成都市中瑞智選
股權投資基金合夥
企業（有限合夥）
1,699,920 H
Shares
1.44%
0.41%
December 28,
2024
LIU Wenhua / 劉
文華 1,442,455 - 0.35% December 28,
2024
--- page 19 ---
20
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
(assuming the
Over-Allotment
Option is not
exercised)
Last day subject
to the lock-up
undertakings Note 1
Zhuhai Kechuang
Haiyuan
Investment Limited
Partnership / 珠海
科創海源投資合夥
企業（有限合夥）
1,077,840 H
Shares
0.91%
0.26%
December 28,
2024
Shuoguang Lide
Jintou Investment
Center Limited
Partnership / 壽光
市利得金投投資中
心（有限合夥）
652,320 H Shares 0.55%
0.16%
December 28,
2024
Shenzhen Qianhai
Quanmintong
Holding Group
Company Limited /
深圳前海全民通控
股集團有限公司
604,440 - 0.14%
December 28,
2024
Subtotal 28,130,991
(including
13,319,455 H
Shares)
11.29% 6.73%
Note:
The expiry date of the lock-up period shown in the table above in respect of the H Shares is pursuant
to the PRC Company Law.
Cornerstone Investor
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
(assuming the
Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings
E-Town
International
Holding (Hong
Kon
g) Co., Limited 6,025,800 Note 1
5.11% 1.44% June 28, 2024 Note 2
--- page 20 ---
21
Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering
subject to lock-up
undertakings
upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
(assuming the
Over-Allotment
Option is not
exercised)
Last day subject to
the lock-up
undertakings
/ 亦莊國際控股(香
港)有限公司
Subtotal 6,025,800 5.11% 1.44%
Notes:
1. The final number of the Offer Shares allotted to E-Town International Holding (Hong Kong) Co.,
Limited (the “Cornerstone Investor”) was calculat ed with reference to the actual investment
amount of the Cornerstone Investor in Hong Kong dollars which is based on the exchange rate of
RMB to HK$ quoted by the bank for the Corne rstone Investor’s outbound remittance of funds
pursuant to the overseas dir ect investment approval or any other government approval, filing,
registration or consent required for the outbound transfer and foreign exchange of funds.
2. The Cornerstone Investor shall not dispose of any of the Offer Shares subscribed pursuant to the
Cornerstone Investment Agreement on or before the indicated date.
--- page 21 ---
22
PLACEE CONCENTRATION ANALYSIS
Placees Note
1
Number of H
Shares allotted
Allotment as % of
International Placing
(assuming no exercise of the
Over-Allotment O ption)
Allotment as % of
International Placing
(assuming the Over-
Allotment Option is
exercised and new H Shares
are issued)
Allotment as % of total Offer
Shares (assuming no exercise
of the Over- Allotment
Option)
Allotment as % of total
Offer Shares (assuming
the Over-Allotment
Option is exercised and
new H Shares are issued)
Number of
Shares held upon Listing
% of total issued share capital
upon Listing (assuming no
exercise of the Over-Allotment
Option)
ꞏ% of total issued share
capital upon Listing
(assuming the Over-
Allotment Option is exercised
and new H Shares are issued)
Top 1
6,025,800 59.35% 50.87% 53.41% 46.44% 6,025,800 1.44% 1.44%
Top 5 Note 2
10,897,10
0 107.32% 91.99% 96.59% 83.99%
26,110,082 6.25% 6.22%
Top 10 Note 2 11,602,20
0 114.26% 97.94% 102.84% 89.42%
26,815,182 6.42% 6.39%
Top 25 Note 2 11,840,75
0 116.61% 99.95% 104.95% 91.26%
27,053,732 6.47% 6.45%
Notes:
1. Ranking of placees is based on the number of H Shares allotted to the placees.
2. The number of Shares of the top 5, top 10 and top 25 placees upon Listing has taken into account the (i) existing Shares held by Liuzhou Industrial
Fund, (ii) existing Shares held by Liuzhou Government Investment Fund and (iii) the Offer Shares allocated to Guosen Securities held on behalf
of Liuzhou Government Investment Fund, which have been aggregated for the purpose of this analysis, as Liuzhou Industrial Fund and Liuzhou
Government Investment Fund are ultimately controlled by the Li uzhou State-owned Assets Supervision and Administration Commissio n. For
details, please see “History, Development and Corporate Structure – Pre-IPO Investments – Information of Principal Pre-IPO Investors” in the
Prospectus and “Others / Additional informa tion – Connected Client as a Placee (with the Consent under Paragraph 5(1) of the Pl acing
Guidelines) Subscribing for and Holding on a Discretionary Basis on Behalf of an Existing Sharehol der (with the Waiver and Cons ent under
Rule 10.04 of the Listing Rules and Paragraph 5(2) of the Placing Guidelines)” in this announcement below.
--- page 22 ---
23
H SHARE SHAREHOLDERS CONCENTRATION ANALYSIS
H Share
Shareholders
Note 1
Number of H Shares
allotted
Allotment as % of
International
Placing (assuming
no exercise of the
Over-Allotment
Option)
Allotment as % of
International
Placing (assuming
the Over-
Allotment Option
is exercised and
new H Shares are
issued
Allotment as % of
total Offer Shares
(assuming no
exercise of the Over-
Allotment Option)
Allotment as % of
total Offer Shares
(assuming the
Over-Allotment
Option is exercised
and new H Shares
are issued)
Number of H Shares held upon
Listing
% of total issued H
Shares capital
upon Listing
(assuming no
exercise of the
Over-Allotment
Option)
% of total
issued H Shares
capital upon
Listing
(assuming the
Over-Allotment
Option is
exercised and
new H Shares
are issued)
Number of Shares held upon
Listing
Top 1Note 2 - - - - - 25,661,160 21.77% 21.46% 25,661,160
Top 5 Note 2 6,025,800 59.35% 50.87% 53.41% 46.44% 56,389,500 47.84% 47.16% 68,890,080
Top 10 Notes
2 and 3
6,025,800 59.35% 50.87% 53.41% 46.44% 81,487,572 69.13% 68.15% 304,173,055
Top 25 Notes
2, 3 and 4
9,660,800 95.14% 81.55% 85.63% 74.46% 109,792,435 93.14% 91.82% 348,606,425
Notes:
1. Ranking of H Share Shareholders is based on the number of H Shares held by the H Share Shareholders upon Listing.
2. The H Shares held by Tencent SZ and Image Frame are aggregated for the purpose of this analysis as both Tencent SZ and Image Fr ame and
wholly owned subsidiaries of Tencent. For details, please see “History, Development and Corporate Structure – Pre-IPO Investmen ts –
Information of Principal Pre-IPO Investors” in the Prospectus.
3. Mr. Zhou Jian, Shenzhen Sanciyuan, Mr. Xia Zuoquan, Mr. Xia Yongjun, Ms. Wang Lin, Shenzhen Evolu tion, Mr. Xiong Youjun, Shenzh en
Zhineng Youxuan and Mr. Zhao Guoqun are a group of Controlling Share holders.. Their Shares have been aggregated for the purpose of this
analysis. For details, please see “Relationship with our Controlling Shareholders – Our Controlling Shareholders” in the Prospectus.
4. The (i) Shares held by Liuzhou Industrial Fund, (ii) Shares held by Liuzhou Government Investment Fund and (iii) the Offer Shares allocated to
Guosen Securities held on behalf of Liuz hou Government Investment Fund have been aggregated for th e purpose of this analysis, a s Liuzhou
Industrial Fund and Liuzhou Government Investment Fund are ultima tely controlled by the Liuzhou State-owned Assets Supervision and
Administration Commission. For details, please see “History, D evelopment and Corporate Structure – Pre-IPO Investments – Inform ation of
Principal Pre-IPO Investors” in the Prospectus and “Others / Add itional information – Connected Client as a Placee (with the Consent under
Paragraph 5(1) of the Placing Guidelines) Subscribing for and Holding on a Discretionary Basis on Behalf of an Existing Shareholder (with the
Waiver and Consent under Rule 10.04 of the Listing Rules and Paragraph 5(2) of the Placing Guidelines)” in this announcement below.
--- page 23 ---
24
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders Note 1
Number of H Shares al
lotted
Allotment as % of
International Placing
(assuming no exercise
of the Over-Allotment
Option)
Allotment as % of
International Placing
(assuming the Over-
Allotment Option is
exercised and new H
Shares are issued)
Allotment as % of
total Offer Shares
(assuming no exercise
of the Over- Allotment
Option)
Allotment as % of
total Offer Shares
(assuming the Over-
Allotment Option is
exercised and new H
Shares are issued)
Number of H Shares
held upon Listing
Number of Shares
held upon Listing
% of total issued
share capital upon
Listing (assuming no
exercise of the Over-
Allotment Option)
% of total issued
share capital upon
Listing (assuming the
Over-Allotment
Option is exercised
and new H Shares are
issued)
Top 1 Note 2
- - - - - 5,689,857
213,834,600 51.17% 50.97%
Top 5 Notes 2, 3 and
4 3,635,000 35.80% 30.69% 32.22% 28.02% 46,826,597
296,223,785 70.89% 70.61%
Top 10 Notes 2, 3
and 4 9,660,800 95.14% 81.55% 85.63% 74.46% 70,714,357 329,150,447 78.77% 78.45%
Top 25 Notes 2, 3
and 4 9,660,800 95.14% 81.55% 85.63% 74.46% 99,323,447 382,756,933 91.60% 91.23%
Notes:
1. Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
2. Mr. Zhou Jian, Shenzhen Sanciyuan, Mr. Xia Zuoquan, Mr. Xia Yongjun, Ms. Wang Lin, Shenzhen Evolu tion, Mr. Xiong Youjun, Shenzh en
Zhineng Youxuan and Mr. Zhao Guoqun are a group of Controlling Shar eholders. Their Shares have been aggregated for the purpose of this
analysis. For details, please see “Relationship with our Controlling Shareholders – Our Controlling Shareholders” in the Prospectus.
3. The Shares held by Tencent SZ and Image Frame are aggregated fo r the purpose of this analysis as both Tenc ent SZ and Image Fram e and
wholly owned subsidiaries of Tencent. For details, please see “History, Development and Corporate Structure – Pre-IPO Investmen ts –
Information of Principal Pre-IPO Investors” in the Prospectus.
4. The (i) Shares held by Liuzhou Industrial Fund, (ii) Shares held by Liuzhou Government Investment Fund and (iii) the Offer Shares allocated to
Guosen Securities held on behalf of Liuz hou Government Investment Fund have been aggregated for th e purpose of this analysis, a s Liuzhou
Industrial Fund and Liuzhou Government Investment Fund are ultima tely controlled by the Liuzhou State-owned Assets Supervision and
Administration Commission. For details, please see “History, D evelopment and Corporate Structure – Pre-IPO Investments – Inform ation of
Principal Pre-IPO Investors” in the Prospectus and “Others / Add itional information – Connected Client as a Placee (with the Consent under
Paragraph 5(1) of the Placing Guidelines) Subscribing for and Holding on a Discretionary Basis on Behalf of an Existing Shareholder (with the
Waiver and Consent under Rule 10.04 of the Listing Rules and Paragraph 5(2) of the Placing Guidelines)” in this announcement below.
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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFER
Subject to the satisfaction of t he conditions set out in the Pr ospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
Approximate
Pool A percentage
allotted of the
Number Number total number of
of H Shares of valid shares applied
applied for applications Basis of allocation/ballot for
50 2,686 1,075 out of 2,686 applicants to receive
50 shares 40.02%
100 685 480 out of 685 applicants to receive 50
shares 35.04%
150 253 236 out of 253 applicants to receive 50
shares 31.09%
200 158 50 shares plus 29 out of 158 applicants to
receive an additional 50 shares 29.59%
250 173 50 shares plus 71 out of 173 applicants to
receive an additional 50 shares 28.21%
300 87 50 shares plus 55 out of 87 applicants to
receive an additional 50 shares 27.20%
350 47 50 shares plus 39 out of 47 applicants to
receive an additional 50 shares 26.14%
400 254 100 shares 25.00%
450 36 100 shares plus 8 out of 36 applicants to
receive an additional 50 shares 24.69%
500 179 100 shares plus 75 out of 179 applicants
to receive an additional 50 shares 24.19%
600 63 100 shares plus 50 out of 63 applicants to
receive an additional 50 shares 23.28%
700 38 150 shares 21.43%
800 149 150 shares plus 62 out of 149 applicants
to receive an additional 50 shares 21.35%
900 35 150 shares plus 28 out of 35 applicants to
receive an additional 50 shares 21.11%
1,000 135 200 shares 20.00%
1,500 82 250 shares plus 58 out of 82 applicants to
receive an additional 50 shares 19.02%
2,000 46 350 shares plus 25 out of 46 applicants to
receive an additional 50 shares 18.86%
2,500 34 400 shares plus 18 out of 34 applicants to
receive an additional 50 shares 17.06%
3,000 31 450 shares plus 25 out of 31 applicants to
receive an additional 50 shares 16.34%
3,500 13 550 shares plus 5 out of 13 applicants to
receive an additional 50 shares 16.26%
4,000 15 650 shares 16.25%
4,500 23 700 shares 15.56%
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26
5,000 34 750 shares 15.00%
6,000 14 850 shares 14.17%
7,000 8 950 shares 13.57%
8,000 21 1,050 shares 13.13%
9,000 23 1,150 shares 12.78%
10,000 43 1,250 shares 12.50%
20,000 12 2,100 shares 10.50%
30,000 6 2,950 shares 9.83%
40,000 6 3,850 shares 9.63%
Total
5,389
Total number of Pool A successful
applicants: 3,556
Pool B Approximate
percentage
allotted of the
Number Number total number of
of H Shares of valid shares applied
applied for applications Basis of allocation/ballot for
50,000 14 11,250 shares 22.50%
60,000 4 13,450 shares 22.42%
90,000 1 20,150 shares 22.39%
100,000 1 22,250 shares 22.25%
200,000 1 44,400 shares 22.20%
300,000 4 66,500 shares 22.17%
Total 25
Total number of Pool B successful
applicants: 25
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remi tted back to the accounts of all HKSCC
participants. Investor s should contact their relevant brokers for any inquiries.
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
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27
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.
OTHERS / ADDITIONAL INFORMATION
Public float
Immediately after the completion of the Global Offering, 112,19 3,492 H Shares, representing
approximately 26.85% of the issued share capital of our Company will count towards the public float,
satisfying the minimum percentage prescribed by Rule 8.08 of the Listing Rules.
The Directors confirm that, immediately following the completio n of the Global Offering, (i) there
will not be any new substantial Shareholder within the meaning 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 the
Listing in compliance with Rules 8.08(3) and 8.24 of the Listin g Rules; and (iii) there will be at least
300 Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
Connected Client as a Placee (with the Consent under Paragraph 5(1) of the Placing Guidelines)
Subscribing for and Holding on a Discretionary Basis on Behalf of an Existing Shareholder (with
the Waiver and Consent under Rule 10.04 of the Listing Rules and Paragraph 5(2) of the Placing
Guidelines)
Under the International Placing, 3,635,000 Offer Shares, representing (i) approximately 32.2% of the
total number of Offer Shares ava ilable under the Global Offerin g and (ii) approximately 0.9% of the
total issued share capital of the Company upon Listing (before any exercise of the Over-Allotment
Option), were placed to Guosen Securities as placee, which is a connected client of GS(HK) (a Joint
Bookrunner, Joint Lead Manager an d Hong Kong Underwriter of the Global Offering) within the
meaning of Appendix 6 to the Listing Rules (“ Placing Guidelines”). GS(HK) is an indirect wholly-
owned subsidiary of Guosen Securities, therefore each of Guosen Securities and GS(HK) is a member
of the same group of companies.
Guosen Securities was engaged by Liuzhou Government Investment Fund, as an asset manager that is
a qualified domestic institutional investor (“QDII”) as approved by the relevant PRC authority in the
name of “ 國信證券匯晟 9 號 QDII 單一資產管理計劃”, to subscribe for and hold such number of
Offer Shares as set out herein on a discretionary basis on beha lf of Liuzhou Government Investment
Fund. Liuzhou Government Investme nt Fund, an existing Sharehold er and a Pre-IPO Investor, is an
independent third party of Guosen Securities.
The Company has applied to the Stock Exchange for, and the Stoc k Exchange has granted to the
Company, (i) its consent under paragraph 5(1) of the Placing Guidelines; and (ii) a waiver from strict
compliance with the requirements of Rule 10.04 of the Listing Rules and its consent under paragraph
5(2) of the Placing Guidelines t o permit the Company to allocat e Offer Shares in the International
Placing to Guosen Securities to subscribe for and hold the Offe r Shares on a discretionary basis on
behalf of Liuzhou Government Inve stment Fund. The Offer Shares allocated to Guosen Securities is
in compliance with all the conditions under the consents granted by the Stock Exchange.
Connected Client as a Placee (with the Consent under Paragraph 5(1) of the Placing Guidelines)
Under the International Placing, 86,000 Offer Shares, representing (i) approximately 0.8% of the total
number of Offer Shares available under the Global Offering and
(ii) approximately 0.02% of the total
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28
issued share capital of the Company upon Listing (before any exercise of the Over-Allotment Option),
were allocated to CSI as placee, which is a connected client of CLSA (an Overall Coordinator of the
Global Offering) within the mean ing of the Placing Guidelines. Both CLSA and CSI are indirect
wholly-owned subsidiaries of CITIC Securities Co., Ltd., theref ore each of CLSA and CSI are in the
same group of companies.
CSI subscribed for the relevant Offer Shares as a placee under the International Placing, which will be
held on behalf of independent third parties on a non-discretionary basis.
CSI will act as the single counterparty of a back-to-back total return swap transaction (the “CSI Back-
to-back TRS”) to be entered into by CSI in connection with a total return swap order (the “CSI Client
TRS”) placed by its ultimate client , namely Shenzhen Commando Capital Management Co., Ltd. ( 深
圳市康曼德資本管理有限公司 ) (the “ CSI Ultimate Client ” ) , b y w h i c h C S I w i l l p a s s t h e f u l l
economic exposure of the relevant Offer Shares placed to CSI (t he “CSI Offer Shares”) to the CSI
Ultimate Client, meaning in effect, CSI will hold the beneficia l interest of the CSI Offer Shares on
behalf of the CSI Ultimate Clie nt on a non-discretionary basis. CSI will hold the legal title and
beneficial interest in the CSI Offer Shares, but will contractu ally agree to pass on the full economic
exposure and return of the CSI Offer Shares to the CSI Ultimate Client. The CSI Ultimate Client may
exercise an early termination ri ght to early terminate the CSI Client TRS at any time from the trade
date of the CSI Client TRS which should be on or after the date on which the CSI Offer Shares are
listed on the Stock Exchange. Upon the final maturity or early termination of the CSI Client TRS by
the CSI Ultimate Client, CSI will dispose of the CSI Offer Shar es on the secondary market and the
CSI Ultimate Client will receive a final termination amount of the CSI Back-to-back TRS which should
have taken into account all the economic returns or economic lo ss in relation to the CSI Offer Shares
and the fixed amount of transaction fees of the CSI Back-to-bac k TRS and the CSI Client TRS. CSI
will not exercise the voting right of the CSI Offer Shares duri ng the tenor of the CSI Back-to-back
TRS.
The Company has applied to the Stock Exchange for, and the Stoc k Exchange has granted to the
Company, its consent under paragraph 5(1) of the Placing Guidel ines to permit the Company to
allocate Offer Shares in the International Placing to CSI to subscribe for and hold the Offer Shares on
a non-discretionary basis. The O ffer Shares allocated to CSI is in compliance with all the conditions
under the consents granted by the Stock Exchange.
Over-Allotment Option
In connection with the Global O ffering, the Company has granted the Over-Allotment Option to the
International Underwriters, exercisable by the Overall Coordinators and the Joint Global Coordinators
(on behalf of the International Underwriters), at any time from the Listing Date until Sunday, January
21, 2024, being the 30th day after the last day for lodging app lications under the Hong Kong Public
Offer, to require the Company to allot and issue up to an aggre gate of 1,692,300 additional Offer
Shares, representing not more than 15% of the total number of O ffer Shares initially available under
the Global Offering, at the Offer Price under the International Placing to cover over-allocations (if any)
in the International Placing. T here has been an over-allocation of 1,692,300 Offer Shares in the
International Placing and such over-allocation will be covered by delayed delivery arrangement with
investors who have been offered Offer Shares under the International Placing. In the event the Over-
Allotment Option is exercised, an announcement will be made on the Company’s website and the
website of the Stock Exchange at www.ubtrobot.com and www.hkexnews.hk, respectively. As at the
date of this announcement, the Over-Allotment Option has not been exercised.
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29
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, Th e 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 liab ility 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, dist ribution, directly or indirectly, in or into the
United States (including its territories and poss essions, 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 mentioned
herein have not been, and will not be, registered un der 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 registration requirements of the U.S. Securities Act and in
compliance with any applicable state securities la ws, or outside the United States unless in
compliance with Regulation S under the U.S. Securi ties Act. There will be no public offer of
securities in the United States.
The Offer Shares are being offered and sold (1) solely to qualified institutional buyers as defined in Rule
144A under the U.S. Securities Act pursuant to an exemp tion from 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 December 19, 2023 issued by the Company for detailed
information about the Global Offering described belo w before deciding whether or not to invest in
the Shares thereb y being offered.
*Potential investors of the Of fer Shares should note that the Sole Sponsor, the Sponsor-OC, the
Overall Coordinators and the Joint Global Coordinato rs (for themselves and on behalf of the Hong
Kong Underwriters and the Capital Market Intermediaries) 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 Offer – Hong Kong Underwriting Agreement –
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 December 29, 2023).
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4
By order of the Board
UBTECH ROBOTICS CORP LTD
Mr. Zhou Jian
Chairman, Executive Director and Chief Executive Officer
Hong Kong, 28 December 2023
As at the date of this announcement, the Board comprises (i) Mr. Zhou Jian, Mr. Xiong Youjun,
Ms. Wang Lin and Mr. Liu Ming as executive directors; (ii) Mr. Xia Zuoquan, Mr. Zhou Zhifeng
and Mr. Chen Qiang as non-executive directors; and (iii) Mr. Zhao Jie, Mr. Xiong Chuxiong, Mr.
Poon Fuk Chuen and Mr. Leung Wai Man, Roger as independent non-executive directors.
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