hk-ipo/data/extracted_text/01081/allotment_results_2026-06-04_2026060402919.txt

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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 prospectus dated May 28, 2026 (the “Prospectus ”) of Dajin Heavy Industry Co., Ltd. (΅Ϟ
ʮ̡) (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 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 or solicitation to purchase or subscribe for securities in
the United States or in any other jurisdictions. 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 ”) or securities law of
any state or other jurisdiction of the United States. The Offer Shares may not be offered, sold, pledged or otherwise
transferred within the United States, except pursuant to an available exemption from, or in a transaction not subject to,
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 solely outside the United States in offshore transactions in reliance
on Regulation S under the U.S. Securities Act.
In connection with the Global Offering, Huatai Financial Holdings (Hong Kong) Limited, as stabilizing manager
(the “Stabilizing Manager ”) (or any person acting for it), on behalf of the Underwriters, may over-allocate or 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 the Listing Date. However, there is no obligation on the Stabilizing
Manager (or any person acting for it) to conduct any such stabilizing action. Such stabilizing action, if taken, (a)
will be conducted at the absolute discretion of the Stabilizing Manager (or any person acting for it) and in what the
Stabilizing Manager reasonably regards as the best interest of the Company, (b) may be discontinued at any time and
(c) is required to be brought to an end within 30 days after the last day for lodging applications under the Hong Kong
Public Offering (which is Thursday, July 2, 2026). Such stabilizing 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 571 W 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 no stabilizing action can be taken to support the price of the H Shares for
longer than the stabilization period, which will begin on the Listing Date, and is expected to expire on the 30th day
after the last day for lodging applications under the Hong Kong Public Offering (which is Thursday, July 2, 2026).
After this date, when no further stabilizing action may be taken, 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 Joint Sponsor-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 day that trading in the H Shares commences on the Stock Exchange.


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Dajin Heavy Industry Co., Ltd.
ʮ̡
(a joint stock company incorporated in the People ’s Republic of China with limited liability)
GLOBAL OFFERING
Number of Offer Shares in
the Global Offering
: 100,010,600 H Shares (taking into
 account the full exercise of
 the Offer Size Adjustment Option and
 subject to the Over-allotment Option)
Number of Hong Kong Offer Shares : 8,696,600 H Shares
Number of International Offer Shares : 91,314,000 H Shares (taking into account
 the full exercise of the Offer Size
 Adjustment Option and subject to the
 Over-allotment Option)
Final Offer Price : HK$66.40 per H Share, plus brokerage
 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 : 1081
Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager


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Dajin Heavy Industry Co., Ltd.
ʮ̡
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same
meanings as those defined in the prospectus dated May 28, 2026 (the “Prospectus ”) issued Dajin
Heavy Industry Co., Ltd. (the “Company ”).
SUMMARY
Company Information
Stock code 1081
Stock short name DAJIN
Dealings commencement date June 5, 2026*
* see note at the end of this announcement
Price Information
Final Offer Price HK$66.40
Maximum Offer Price HK$66.40
Offer Shares and Share Capital
Number of Offer Shares (taking into
account the full exercise of the Offer Size
Adjustment Option and before exercise of
the Over-allotment Option)
100,010,600
Number of Offer Shares in Hong Kong
Public Offering
8,696,600
Number of Offer Shares in International
Offering (taking into account the full
exercise of the Offer Size Adjustment Option
and before exercise of the Over-allotment
Option)
91,314,000
Number of issued Shares upon Listing
(before exercise of the Over-allotment
Option)
737,759,949


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Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under
the Offer Size Adjustment Option
13,044,800
– International Offering 13,044,800
The Offer Size Adjustment Option was exercised in full, pursuant to which the Company is
issuing and allotting 13,044,800 additional Offer Shares, representing approximately 15.0% of
the Offer Shares initially being offered under the Global Offering, at the Offer Price.
The additional Offer Shares issued pursuant to the Offer Size Adjustment Option will be
allocated to the International Offering.
Over-allocation
Number of Offer Shares over-allocated 15,001,500
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$6,640.70 million
Less: Estimated listing expenses payable
   based on Final Offer Price
HK$(175.22) million
Net proceeds HK$6,465.48 million
Note: Gross proceeds refer to the amount which the Company is entitled to receive. For details of the use of proceeds,
please refer to the section headed “Future Plans and Use of Proceeds ” of the Prospectus. The Company will
adjust the allocation of the net proceeds from the exercise of the Over-allotment Option (if any) for the purposes
as set out in the section headed “Future Plans and Use of Proceeds ” of the Prospectus on a pro rata basis.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 122,627
No. of successful applications 28,788
Subscription level 134.39 times
Claw-back triggered N/A
No. of Offer Shares initially available under
the Hong Kong Public Offering
8,696,600
No. of Offer Shares reallocated from the
International Offering
0
Final no. of Offer Shares under the Hong
Kong Public Offering
8,696,600
% of Offer Shares under the Hong Kong
Public Offering to the Global Offering
8.70%
Note: For details of the final allocation of Shares to the Hong Kong Public Offering, investors can refer to
www.hkeipo.hk/IPOResult  to perform a search by identification number or www.hkeipo.hk/IPOResult  for the
full list of allottees.
INTERNATIONAL OFFERING
No. of placees 125
Subscription level (before taking into
account the Offer Size Adjustment Option)
10.68 times
No. of Offer Shares initially available under
the International Offering
78,269,200
No. of Offer Shares reallocated to the Hong
Kong Public Offering
0
Final no. of Offer Shares under the
International Offering (after taking into
account the full exercise of the Offer Size
Adjustment Option)
91,314,000
% of Offer Shares under the International
Offering to the Global Offering (after taking
into account the full exercise of the Offer
Size Adjustment Option)
91.30%


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The Directors confirm that, to the best of their knowledge, information and belief, save for
(a) a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under
paragraph 1C(2) of Appendix F1 to the Listing Rules (the “Placing Guidelines ”) granted by
the Stock Exchange to permit the Company to allocate certain Offer Shares in the International
Offering to certain Existing Minority Shareholders and/or their close associates, (b) a consent
under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing
Applicants to permit the Company to allocate certain Offer Shares in the International Offering
to connected clients, and (c) a consent under paragraph 18 of Chapter 4.15 of the Guide for
New Listing Applicants to permit the Company to, among other things, allocate further Offer
Shares in the International Offering to an existing Shareholder and/or its close associates and
a Cornerstone Investor and/or its close associates, (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 instructions 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 H Shares registered in his/her/its name or otherwise held by him/her/it.
The places in the International Offering include the following:
Cornerstone Investors
Cornerstone Investors
No. of Offer
Shares allocated
Approximate %
of total issued H
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate %
of total issued
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2)
Existing
shareholders
or their close
associates
GIC Private Limited ( “GIC”)(3) 9,434,400 9.43% 1.28% Yes
HHLRA and HIM
HHLR Advisors, Ltd. ( “HHLRA”)(3) 2,948,200 2.95% 0.40% No
Hillhouse Investment Management,
Ltd. ( “HIM”) 2,948,200 2.95% 0.40% No
Subtotal 5,896,400 5.90% 0.80%
CPE Juniper Investment Limited
(“CPE Juniper ”)(3) 4,716,000 4.72% 0.64% No
UBS Asset Management
(Singapore) Ltd. ( “UBS AM
Singapore ”)(3) 3,537,900 3.54% 0.48% No


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Cornerstone Investors
No. of Offer
Shares allocated
Approximate %
of total issued H
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate %
of total issued
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2)
Existing
shareholders
or their close
associates
Taikang Life Insurance Co., Ltd
(“Taikang Life ”)(3) 3,537,900 3.54% 0.48% Yes
Eastspring
Eastspring Investments
(Singapore) Limited
(“Eastspring Singapore ”)(3) 1,179,300 1.18% 0.16% Yes
Eastspring Investments
(Hong Kong) Limited
(“Eastspring HK ”)(3) 707,500 0.71% 0.10% Yes
Subtotal 1,886,800 1.89% 0.26%
Pinpoint Asset Management
Limited ( “Pinpoint ”) 3,537,900 3.54% 0.48% Yes
ICBC Wealth Management Co.,
Ltd. ( “ICBC Wealth ”) 2,358,600 2.36% 0.32% No
Marshall Wace Asia Limited
(“MWAL”) 2,358,600 2.36% 0.32% Yes
Integrated Core Strategies (Asia)
Pte. Ltd. ( “Millennium ICSA ”) 2,358,600 2.36% 0.32% Yes
PSBC Wealth Management Co.,
Ltd. (ப΂ʮ̡ )
(“PSBC Wealth ”)(3) 1,415,100 1.41% 0.19% No
Fullgoal
Fullgoal Asset Management (HK)
Limited ( “Fullgoal HK ”)(3) 448,100 0.45% 0.06% Yes
Fullgoal Fund Management Co.,
Ltd. ( “Fullgoal Fund ”)(3) 731,100 0.73% 0.10% Yes
Subtotal 1,179,200 1.18% 0.16%
Total 42,217,400 42.21% 5.72%


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Notes:
(1) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be
issued under the Global Offering.
(2) Assuming the Over-allotment Option is not exercised.
(3) In addition to the Offer Shares subscribed for as Cornerstone Investors, GIC, HHLRA, CPE Juniper, UBS AM
Singapore, Taikang Life, Eastspring Singapore, Eastspring HK, PSBC Wealth, Fullgoal HK, Fullgoal Fund and/
or their respective close associates were allocated further Offer Shares as placees in the International Offering.
The number of Offer Shares as set out above only taking into account the Offer Shares allocated to them as
Cornerstone Investors under the Global Offering. Please refer to the section headed “Allotment Results Details
{ International Offering {  Allottees with Waivers/Consents Obtained ” in this announcement for details. Only
the Offer Shares subscribed for as Cornerstone Investors are subject to lock-up as indicated below. For details,
please refer to the section headed “Lock-up Undertakings {  Cornerstone Investors ” in this announcement.
Allottees with Waivers/Consents Obtained
Investors
No. of Offer
Shares allocated
Approximate %
of total issued H
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate %
of total issued
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2) Relationship
Allottees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under paragraph
1C(2) of the Placing Guidelines in relation to subscription for H Shares by Existing Minority Shareholders holding
1% or more of the issued share capital of the Company immediately prior to the completion of the Global Offering
and/or their close associates (3)
Nil Nil Nil Nil Nil
Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New
Listing Applicant in relation to allocations to connected clients (4)
China Southern Asset Management
Co., Ltd. ( “Southern AM")
530,600 0.53% 0.07% Connected client
as a placee
Bosera Asset Management
(International) Co., Limited
(“Bosera ”)
58,900 0.06% 0.01% Connected client
as a placee
China Merchants Fund Management
Co., Ltd. ( “CMFM”)
23,500 0.02% 0.003% Connected client
as a placee
CICC Financial Trading Limited
(“CICC FT ”)
2,000 0.002% 0.0003% Connected client
as a placee


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Investors
No. of Offer
Shares allocated
Approximate %
of total issued H
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate %
of total issued
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2) Relationship
Allottees with consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants in relation to
allocations of further H Shares to Cornerstone Investors (5)(6)
GIC 4,717,200 4.72% 0.64% Same entity as
the Cornerstone
Investor
Eastspring Singapore 1,179,300 1.18% 0.16% Same entity as
the Cornerstone
Investor
Eastspring HK 707,500 0.71% 0.10% Same entity as
the Cornerstone
Investor
Taikang Life 707,500 0.71% 0.10% Same entity as
the Cornerstone
Investor
Fullgoal Fund 29,400 0.03% 0.004% Same entity as
the Cornerstone
Investor
Fullgoal HK 88,400 0.09% 0.01% Same entity as
the Cornerstone
Investor
HHLRA 5,896,500 5.90% 0.80% Same entity as
the Cornerstone
Investor
CPE Juniper 4,599,300 4.60% 0.62% Same entity as
the Cornerstone
Investor


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Investors
No. of Offer
Shares allocated
Approximate %
of total issued H
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate %
of total issued
Shares after the
Global Offering
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2) Relationship
China Galaxy International
Investment Company Limited
(ʮ̡ )
(“CGII”)
1,533,000 1.53% 0.21% To subscribe and
hold the Offer
Shares for close
associates of
a Cornerstone
Investor (7)
UBS AM Singapore 5,306,800 5.31% 0.72% Same entity as
the Cornerstone
Investor
PSBC Wealth 235,700 0.24% 0.03% Same entity as
the Cornerstone
Investor
Notes:
(1) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be
issued under the Global Offering.
(2) Assuming the Over-allotment Option is not exercised.
(3) Among the Cornerstone Investors, GIC, Taikang Life, Eastspring Singapore, Eastspring HK, Pinpoint, MWAL,
Millennium ICSA, Fullgoal HK and Fullgoal Fund are Existing Minority Shareholders or their close associate,
none of which holds more than 1% of the total issued share capital of the Company immediately prior to the
completion of the Global Offering. The Stock Exchange has granted a waiver from strict compliance with
the requirements under Rule 10.04 of the Listing Rules and paragraph 1(C)(2) of the Placing Guidelines to
permit the Company to allocate certain Offer Shares in the International Offering to certain Existing Minority
Shareholders and/or their close associates. Please refer to the section headed “Waiver – Allocation of H Shares
to Existing Minority Shareholders and Their Close Associates ” of the Prospectus and the section headed “Others/
Additional Information – Allocation of H Shares to Existing Minority Shareholders and their close associates ”
in this announcement for details.
The Stock Exchange has granted the waiver on the condition that, among other things, details of allocation
to the Existing Minority Shareholders holding more than 1% of the total issued share capital of the Company
immediately prior to the completion of the Global Offering and/or their close associates will be disclosed in the
Prospectus and/or allotment results announcement.
(4) For details of the consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for
New Listing Applicant in relation to allocations to connected clients, please refer to the section headed “Others/
Additional Information – Placing to connected clients with consent under paragraph 1C(1) of the Placing
Guidelines ” in this announcement.


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(5) For details of the consent under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations of further H Shares to Cornerstone Investors, please refer to the section headed “Others/
Additional Information – Allocations of Offer Shares to the Cornerstone Investors with consent under paragraph
18 of Chapter 4.15 of the Guide for New Listing Applicants ” in this announcement.
(6) The number of Offer Shares allocated to the relevant investors only represents the number of Offer Shares
allocated to the investors as placees in the International Offering. For allocation of Offer Shares to the relevant
investors as Cornerstone Investors, please refer to the section headed “Allotment Results Details – International
Offer – Cornerstone Investors ” in this announcement.
(7) CGII will hold the Offer Shares on a non-discretionary basis under a series of swaps transactions with, its
ultimate client, namely, Yuanfeng Hongyu Private Securities Investment Fund (ږ )
and Yuanfeng Yuanjing Growth Private Securities Investment Fund (ږboth
being close associate of CPE Juniper, one of the Cornerstone Investors
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of
Shares held in
the Company
subject to lock-
up undertakings
upon Listing
Approximate
% of total
issued H Shares
subject to lock-
up undertakings
upon Listing
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (1) (2)
Approximate
% of total
issued Shares
subject to lock-
up undertakings
upon Listing
(after taking
into account the
full exercise of
the Offer Size
Adjustment
Option) (2)
Last day subject to the
lock-up undertakings (3)
Mr. Jin 7,745,625
A Shares
– 1.05% December 4, 2026 (First
Six-Month Period)  (4)
June 4, 2027 (Second Six-
Month Period) (5)
Jinyin Energy 248,300,500
A Shares
– 33.66% December 4, 2026 (First
Six-Month Period) (4)
June 4, 2027 (Second Six-
Month Period) (5)
Total 256,046,125
 A Shares
– 34.71%
Notes:
(1) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be
issued under the Global Offering.
(2) Assuming the Over-allotment Option is not exercised.
(3) In accordance with the applicable Listing Rules, the required lock-up for the First Six-Month Period will end on
December 4, 2026 and for the Second Six-Month Period will end on June 4, 2027.
(4) Each member of the Controlling Shareholders may dispose or transfer Shares after the indicated date subject to
that any member of the Controlling Shareholders will not cease to be a controlling shareholder (as defined in the
Listing Rules) of the Company.
(5) The Controlling Shareholders will cease to be prohibited from disposing of or transferring Shares after the
indicated date.


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Cornerstone Investors
Name
Number of
Shares held in
the Company
subject to lock-up
undertakings upon
Listing
Approximate
% of total
issued H Shares
subject to lock-
up undertakings
upon Listing (after
taking into account
the full exercise
of the Offer
Size Adjustment
Option) (1) (2)
Approximate % of
total issued Shares
subject to lock-
up undertakings
upon Listing (after
taking into account
the full exercise
of the Offer
Size Adjustment
Option)  (2)
Last day subject
to the lock-up
undertakings (3)
GIC 9,434,400 9.43% 1.28% December 4, 2026
HHLRA 2,948,200 2.95% 0.40% December 4, 2026
HIM 2,948,200 2.95% 0.40% December 4, 2026
CPE Juniper 4,716,000 4.72% 0.64% December 4, 2026
UBS AM Singapore 3,537,900 3.54% 0.48% December 4, 2026
Taikang Life 3,537,900 3.54% 0.48% December 4, 2026
Eastspring Singapore 1,179,300 1.18% 0.16% December 4, 2026
Eastspring HK 707,500 0.71% 0.10% December 4, 2026
Pinpoint 3,537,900 3.54% 0.48% December 4, 2026
ICBC Wealth 2,358,600 2.36% 0.32% December 4, 2026
MWAL 2,358,600 2.36% 0.32% December 4, 2026
Millennium ICSA 2,358,600 2.36% 0.32% December 4, 2026
PSBC Wealth 1,415,100 1.41% 0.19% December 4, 2026
Fullgoal HK 448,100 0.45% 0.06% December 4, 2026
Fullgoal Fund 731,100 0.73% 0.10% December 4, 2026
Total 42,217,400 42.21% 5.72%
Notes:
(1) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be
issued under the Global Offering.
(2) Assuming the Over-allotment Option is not exercised.
(3) In accordance with the respective cornerstone investment agreements, the required lock-up periods will end on
December 4, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring the
Shares subscribed for pursuant to their respective cornerstone investment agreements after the indicated date.


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PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
(assuming no
exercise of
the
Over-
allotment
Option)
Allotment
as % of
International
Offering
(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 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 14,151,600 15.50% 13.31% 14.15% 12.30% 14,151,600 1.92% 1.88%
Top 5 49,882,900 54.63% 46.92% 49.88% 43.37% 49,882,900 6.76% 6.63%
Top 10 68,279,600 74.77% 64.22% 68.27% 59.37% 68,279,600 9.25% 9.07%
Top 25 96,286,800 105.45% 90.57% 96.28% 83.72% 96,286,800 13.05% 12.79%
Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDER CONCENTRATION ANALYSIS
H
Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
(assuming no
exercise of
the
Over-
allotment
Option)
Allotment
as % of
International
Offering
(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 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)
Number of
Shares
held upon
Listing
Top 1 14,151,600 15.50% 13.31% 14.15% 12.30% 14,151,600 1.92% 1.88% 16,020,853
Top 5 49,882,900 54.63% 46.92% 49.88% 43.37% 49,882,900 6.76% 6.63% 57,141,166
Top 10 68,279,600 74.77% 64.22% 68.27% 59.37% 68,279,600 9.25% 9.07% 75,559,966
Top 25 96,286,800 105.45% 90.57% 96.28% 83.72% 96,286,800 13.05% 12.79% 109,879,497
Note:
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.


--- page 14 ---
14
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
(assuming no
exercise of
the
Over-
allotment
Option)
Allotment
as % of
International
Offering
(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 0 0.00% 0.00% 0.00% 0.00% 0 256,046,125 34.71% 34.01%
Top 5 36,792,800 40.29% 34.61% 36.79% 31.99% 36,792,800 333,011,363 45.14% 44.24%
Top 10 57,784,000 63.28% 54.35% 57.78% 50.24% 57,784,000 364,161,627 49.36% 48.38%
Top 25 85,969,000 94.15% 80.86% 85.96% 74.75% 85,969,000 418,621,623 56.74% 55.61%
Note:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders upon
Listing.
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, 122,627 valid applications
made by the public will be conditionally allocated on the basis set out below:


--- page 15 ---
15
NO. OF H
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL A
100 56,672 1,701 out of 56,672 applicants to receive 100 H Shares 3.00%
200 8,402 451 out of 8,402 applicants to receive 100 H Shares 2.68%
300 4,380 330 out of 4,380 applicants to receive 100 H Shares 2.51%
400 2,710 260 out of 2,710 applicants to receive 100 H Shares 2.40%
500 3,477 402 out of 3,477 applicants to receive 100 H Shares 2.31%
600 2,115 285 out of 2,115 applicants to receive 100 H Shares 2.25%
700 6,016 922 out of 6,016 applicants to receive 100 H Shares 2.19%
800 1,521 261 out of 1,521 applicants to receive 100 H Shares 2.14%
900 1,696 321 out of 1,696 applicants to receive 100 H Shares 2.10%
1,000 7,841 1,619 out of 7,841 applicants to receive 100 H Shares 2.06%
1,500 2,692 781 out of 2,692 applicants to receive 100 H Shares 1.93%
2,000 2,006 741 out of 2,006 applicants to receive 100 H Shares 1.85%
2,500 1,332 593 out of 1,332 applicants to receive 100 H Shares 1.78%
3,000 1,404 736 out of 1,404 applicants to receive 100 H Shares 1.75%
3,500 753 458 out of 753 applicants to receive 100 H Shares 1.74%
4,000 895 619 out of 895 applicants to receive 100 H Shares 1.73%
4,500 807 624 out of 807 applicants to receive 100 H Shares 1.72%
5,000 1,445 1,221 out of 1,445 applicants to receive 100 H Shares 1.69%
6,000 975 100 H Shares 1.67%
7,000 946 100 H Shares plus 35 out of 946 applicants to receive an
additional 100 H Shares
1.48%
8,000 825 100 H Shares plus 139 out of 825 applicants to receive
an additional 100 H Shares
1.46%
9,000 731 100 H Shares plus 210 out of 731 applicants to receive
an additional 100 H Shares
1.43%
10,000 3,942 100 H Shares plus 1,545 out of 3,942 applicants to
receive an additional 100 H Shares
1.39%
20,000 1,686 200 H Shares plus 897 out of 1,686 applicants to receive
an additional 100 H Shares
1.27%
30,000 1,034 300 H Shares plus 566 out of 1,034 applicants to receive
an additional 100 H Shares
1.18%


--- page 16 ---
16
NO. OF H
SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
40,000 716 400 H Shares plus 373 out of 716 applicants to receive
an additional 100 H Shares
1.13%
50,000 632 500 H Shares plus 285 out of 632 applicants to receive
an additional 100 H Shares
1.09%
60,000 405 600 H Shares plus 146 out of 405 applicants to receive
an additional 100 H Shares
1.06%
70,000 640 700 H Shares plus 135 out of 640 applicants to receive
an additional 100 H Shares
1.03%
Total 118,696 Total number of Pool A successful applicants: 24,857
POOL B
80,000 1,348 800 H Shares 1.00%
90,000 332 800 H Shares plus 158 out of 332 applicants to receive
an additional 100 H Shares
0.94%
100,000 1,238 800 H Shares plus 1,142 out of 1,238 applicants to
receive an additional 100 H Shares
0.89%
200,000 420 1,100 H Shares plus 252 out of 420 applicants to receive
an additional 100 H Shares
0.58%
300,000 186 1,400 H Shares plus 30 out of 186 applicants to receive
an additional 100 H Shares
0.47%
400,000 102 1,700 H Shares 0.43%
500,000 71 2,000 H Shares 0.40%
600,000 32 2,300 H Shares 0.38%
700,000 23 2,600 H Shares 0.37%
800,000 21 2,900 H Shares 0.36%
900,000 18 3,200 H Shares 0.36%
1,000,000 69 3,500 H Shares 0.35%
2,000,000 23 4,000 H Shares 0.20%
3,000,000 15 4,500 H Shares 0.15%
4,348,300 33 5,000 H Shares 0.11%
Total 3,931 Total number of Pool B successful applicants: 3,931
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.


--- page 17 ---
17
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company ’s H Shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or
indirectly, provided by the Company, the Controlling Shareholders, Directors or syndicate
members to any placees or the public (as the case may be) and the consideration payable by them
for each Share of the Company subscribed for or purchased by them is 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
Offer Size Adjustment Option
The Offer Size Adjustment Option has been exercised in full, pursuant to which the Company
is issuing and allotting 13,044,800 additional Offer Shares, representing approximately 15.0%
of the Offer Shares initially being offered under the Global Offering, at the Offer Price. All of
the additional Offer Shares that would be allotted and issued by the Company pursuant to the
Offer Size Adjustment Option will be allocated to the International Offering. Accordingly, the
total number of Offer Shares finally available under the Global Offering (taking into account the
full exercise of the Offer Size Adjustment Option and before any exercise of the Over-allotment
Option) will be 100,010,600 Shares.
Allocation of H Shares to Existing Minority Shareholders and their close associates
The Company applied to the Stock Exchange for, and the Stock Exchange has granted, a waiver
from strict compliance with the requirements under Rule 10.04 and consent under Paragraph
1C(2) of the Placing Guidelines to permit the Company to allocate certain Offer Shares in the
International Offering to certain Existing Minority Shareholders and/or their close associates. Such
allocations of Offer Shares are in compliance with all the conditions under the waiver/consent
granted by the Stock Exchange.
Please refer to the section headed “Waivers – Allocation of H Shares to Existing Minority
Shareholders and their Closing Associates ” in the Prospectus for further details of the waiver and
consent.
For details of the allocations of Offer Shares to the Existing Minority Shareholders and/or their
close associates, please refer to the section headed “Allotment Results Details – International
Offering – Allottees with Waiver/Consents Obtained ” in this announcement.
Placing to connected clients with consent under paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their
connected distributors pursuant to the Placing Guidelines. Details of the placement to connected
clients are set out below. The Company has applied to the Stock Exchange for, and the Stock
Exchange has granted, a consent under paragraph 1C(1) of the Placing Guidelines to permit the
Company to allocate such Offer Shares in the International Offering to the connected clients. The
allocation of Offer Shares to such connected clients is in compliance with all the conditions under
the consent granted by the Stock Exchange.


--- page 18 ---
18
Part A – Connected Clients holding the beneficial interest of the Offer Shares on a
non-discretionary basis on behalf of independent third parties
No. Connected Distributor
Connected
Client
Relationship with the
Connected Distributor
Whether the
Connected
Client is a
collective
Investment
scheme
which is not
authorised by
the SFC or is
expected to
hold the Offer
Shares on
behalf of
such scheme
Number of
Offer Shares to
be allocated to
the connected
client
Appropriate
percentage of
total
number of
Offer
Shares (taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (1)(2)
Approximate
percentage of
total
issued share
capital
in the
Company
upon Listing
(taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (2)
1. China International
Capital Corporation
Hong Kong Securities
Limited ( “CICC”)
CICC FT (3) CICC FT is a member
of the same group of
companies as CICC.
No 2,000 0.002% 0.0003%
Part B – Connected Clients holding the beneficial interest of the Offer Shares on a
discretionary basis on behalf of independent third parties
No. Connected Distributor
Connected
Client
Relationship with the
Connected Distributor
Whether the
Connected
Client is a
collective
Investment
scheme
which is not
authorised by
the SFC or is
expected to
hold the Offer
Shares on
behalf of
such scheme
Number of
Offer Shares to
be allocated to
the connected
client
Appropriate
percentage of
total
number of
Offer
Shares (taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (1)(2)
Approximate
percentage of
total
issued share
capital
in the
Company
upon Listing
(taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (2)
2. Huatai Financial
Holdings (Hong Kong)
Limited ( “Huatai ”)
Southern
AM (4)
Southern AM is a member
of the same group of
companies as Huatai
No 530,600 0.53% 0.07%


--- page 19 ---
19
No. Connected Distributor
Connected
Client
Relationship with the
Connected Distributor
Whether the
Connected
Client is a
collective
Investment
scheme
which is not
authorised by
the SFC or is
expected to
hold the Offer
Shares on
behalf of
such scheme
Number of
Offer Shares to
be allocated to
the connected
client
Appropriate
percentage of
total
number of
Offer
Shares (taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (1)(2)
Approximate
percentage of
total
issued share
capital
in the
Company
upon Listing
(taking
into account
the full
exercise of the
Offer Size
Adjustment
Option) (2)
3. China Merchants
Securities (HK) Co.,
Limited ( “CMS”)
Bosera (5) Bosera is a member of the
same group of companies
as CMS
Yes 58,900 0.06% 0.01%
4. CMS CMFM (6) CMFM is a member of the
same group of companies
as CMS
No 23,500 0.02% 0.003%
Notes:
(1) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be
issued under the Global Offering.
(2) Assuming the Over-allotment Option is not exercised.
(3) CICC FT will hold the Offer Shares in its capacity as the non-discretionary fund manager on behalf of its
following client. Such client is, to the best knowledge and belief of CICC FT, an independent third party of the
Company, its subsidiaries, its substantial shareholders, CICC and the companies which are members of the same
group of CICC.
Name of whom the Offer Shares will be allocated
Whether any
investor holds 30%
or more interest in
the fund
Ultimate Beneficial
Owner with 30% or
more interests and
Shareholding (%)
Shanghai Minghong Investment Management Co.,Ltd. as the
manager on behalf of Minghong No. 1 Multi-strategy Hedging
Fund No N/A
(4) Southern AM will hold the Offer Shares in its capacity as the discretionary manager on behalf of its following
clients. Each of such clients is, to the best knowledge and belief of Southern AM, an independent third party of
the Company, its subsidiaries, its substantial shareholders, Huatai and the companies which are members of the
same group of Huatai.


--- page 20 ---
20
Name of whom the Offer Shares will be allocated
Whether any investor
holds 30% or more
interest in the fund
Ultimate Beneficial
Owner with 30% or
more interests and
Shareholding (%)
China Southern International Select Allocation Fund No N/A
China Southern Hong Kong Preference Equity Fund No N/A
China Southern Hong Kong Growth Dynamic Allocation Hybrid
Fund No N/A
China Southern China Emerging Economics Nine Months Holding
Period Hybrid Fund No N/A
(5) Bosera will hold the Offer Shares in its capacity as the discretionary fund manager managing the sub-funds
on behalf of its following clients. Each of such clients, and its respective ultimate beneficial owner(s) with
30% interest, is, to the best knowledge and belief of Bosera, an independent third party of the Company, its
subsidiaries, its substantial shareholders, CMS and the companies which are members of the same group of
CMS.
Name of whom the Offer Shares will be allocated
Whether any investor
holds 30% or more
interest in the fund
Ultimate Beneficial Owner
with 30% or more interests
and Shareholding (%)
Navigator Technology Limited IPO Mandate Yes Zheng Fuhua (ڀ100%
Fortuna Capital Management Limited IPO Mandate Yes Yang Dehui ( เᅃึ): 100%
(6) CMFM will hold the Offer Shares in its capacity as the discretionary manager on behalf of its following client.
Such client is, to the best knowledge and belief of CMFM, an independent third party of the Company, its
subsidiaries, its substantial shareholders, CMS and the companies which are members of the same group of
CMS.
Name of whom to which the Offer Shares will be allocated
Whether any
investor holds 30%
or more interest in
the fund
Ultimate Beneficial
Owner with 30% or
more interests and
Shareholding (%)
CMF PUSHENG GLOBAL ALLOCATION FUND – 007729 No N/A
Allocations of Offer Shares to the Cornerstone Investors with consent under paragraph 18 of
Chapter 4.15 of the Guide for New Listing Applicants
The Company has applied to, and the Stock Exchange has granted, a consent under Chapter 4.15
of the Guide for New Listing Applicants to permit the Company to allocate further Offer Shares
in the International Offering to certain Cornerstone Investors as placees, subject to the following
conditions (the “Allocation to Double-Dipping Shareholder Participants ”):
(a) the final offering size of the Global Offering, excluding any over-allocation, will be of a total
value of at least HK$1 billion;
(b) the Offer Shares allocated to all existing Shareholders and their close associates (whether
as cornerstone investors and/or as placees) as permitted under this exemption do not exceed
30% of the total number of Offer Shares;


--- page 21 ---
21
(c) each Director, chief executive and Controlling Shareholder of the Company has confirmed
that no Offer Shares have been allocated to them or their respective close associates under
this exemption;
(d) the Allocation to Double-Dipping Shareholder Participants will not affect the Company ’s
ability to satisfy its public float requirement as prescribed by the Stock Exchange under the
waiver from strict compliance with the requirements of Rules 8.08(1)(b) and 19A.13A of the
Listing Rules; and
(e) details of the allocation to the Cornerstone Investors under this exemption will be disclosed
in this announcement.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange.
For details of the further allocations of Offer Shares to Cornerstone Investors, please refer to
the section headed “Allotment Results Details – International Offering – Allottees with Waivers/
Consents Obtained ” in this announcement.
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and
Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any
part of the contents of this announcement.
This announcement is 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 dated May 28, 2026 for detailed information about
the Global Offering 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 or
solicitation to purchase or subscribe for securities in the United States or in any other jurisdictions.
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 ”) or securities law of any state
or other jurisdiction of the United States. The Offer Shares may not be offered, sold, pledged or
otherwise transferred within the United States, except pursuant to an available exemption from, or
in a transaction not subject to, 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 solely outside the United States in offshore transactions in reliance on Regulation S under the
U.S. Securities Act.


--- page 22 ---
22
* Potential investors of the Offer Shares should note that the Joint Sponsor-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 day that trading in the H Shares commences on the Stock Exchange.
PUBLIC FLOAT AND FREE FLOAT
Rule 19A.13A(2) of the Listing Rules provides that, where a new applicant is a PRC issuer with
other listed shares at the time of Listing, this will normally mean that the portion of H shares for
which Listing is sought that are held by the public, at the time of Listing, must (a) represent at least
10% of the issuer ’s total number of issued shares in the class to which H shares belong (excluding
treasury shares); or (b) have an expected market value of not less than HK$3,000,000,000. The
A Shares of the Company are listed on the Shenzhen Stock Exchange. So far as the Directors
are aware, all H Shares to be issued pursuant to the Global Offering, representing approximately
13.56% of the total issued share capital immediately upon Listing (excluding the treasury shares),
are expected to be held by the public, which is higher than the prescribed percentage of H Shares
required to be held in public hands of 10% under Rule 19A.13A(2)(a) of the Listing Rules, thereby
satisfying Rule 19A.13A(2) of the Listing Rules.
Each of the Cornerstone Investors has agreed to a lock-up period of six months following the
Listing Date. As such, H Shares held by the Cornerstone Investors upon the Listing shall not be
counted towards the free float of the H Shares of the Company at the time of Listing. Based on the
final Offer Price of HK$66.40 per H Share, the Company satisfies the free float requirement under
Rule 19A.13C(2) of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering, (i)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of
the Company immediately after the Global Offering; (ii) there will not be any new substantial
Shareholder immediately after the Global Offering; (iii) the three largest public shareholders of
the Company do not hold more than 50% of the H shares in public hands at the time of the Listing
in compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300
Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. (Hong Kong time)
on Friday, June 5, 2026, provided that the Global Offering has become unconditional and the right
of termination described in the section headed “Underwriting – Underwriting Arrangements and
Expenses – Hong Kong Public Offering – Grounds for termination ” in the Prospectus has not been
exercised. Investors who trade H Shares prior to the receipt of H Share certificates or the H Share
certificates becoming valid evidence of title do so entirely at their own risk.


--- page 23 ---
23
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. (Hong Kong
time) on Friday, June 5, 2026, it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Friday, June 5, 2026. The H Shares will be traded in board lots of
100 Shares each. The stock code of the Shares is 1081.
By Order of the Board
Dajin Heavy Industry Co., Ltd.
Mr. JIN Xin
Executive Director and Chairman of the Board
Hong Kong, June 4, 2026
As of the date of this announcement, the board of directors of the Company comprises: (i) Mr. JIN
Xin, Mr. SUN Xiaole, Ms. LIU Aihua, Mr. LI Xin and Mr. JIANG Haitao as executive directors;
and (ii) Mr. CAI Meng, Mr. QU Guangjie, Ms. ZHANG Wei and Ms. LU Qiannan as independent
non-executive directors.