hk-ipo/data/extracted_text/01187/allotment_results_2026-05-05_2026050501942.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.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act ”) or
securities law of any state or other jurisdiction of the United States. The securities may not be offered, sold, pledged
or otherwise transferred within the United States except pursuant to an exemption from the registration requirements
of the U.S. Securities Act and in compliance with any applicable state securities laws. The securities are being offered
and sold outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities
Act. There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for securities. This announcement is not a prospectus. Potential investors should read the prospectus dated
April 27, 2026 (the “Prospectus ”) issued by Cofoe Medical Technology Co., Ltd. (ʮ̡ ) (the
“Company ”) for detailed information about the Global Offering described below before deciding whether or not to
invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information in the Prospectus.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinators (for themselves and on behalf
of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed “Underwriting
{ Underwriting Arrangements and Expenses {  Hong Kong Public Offering {  Grounds for Termination ” in the
Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on
Wednesday, May 6, 2026).


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Cofoe Medical Technology Co., Ltd.*
ʮ̡
(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
: 27,000,000 H Shares
Number of Hong Kong Offer Shares : 2,700,000 H Shares
Number of International Offer Shares : 24,300,000 H Shares
Final Offer Price : HK$39.33 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Hong Kong Stock Exchange trading fee of
0.00565%
Nominal value : RMB1.00 per H Share
Stock code : 1187
Joint Sponsors, Sponsor-Overall Coordinators, Overall Coordinators,
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Other Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
* for identification purpose only


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Cofoe Medical Technology Co., Ltd.*
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same
meanings as those defined in the prospectus dated April 27, 2026 (the “Prospectus ”) issued by
Cofoe Medical Technology Co., Ltd. (ʮ̡ ) (the “Company ”).
SUMMARY
Company information
Stock code 1187
Stock short name COFOE
Dealings commencement date May 6, 2026 *
* see note at the end of the announcement
Price Information
Final Offer Price HK$39.33
Maximum Offer Price HK$39.33
Offer Shares and Share Capital
Number of Offer Shares 27,000,000
Final Number of Offer Shares in Hong Kong Public Offering 2,700,000
Final Number of Offer Shares in International Offering 24,300,000
Number of issued Shares upon Listing 235,897,000
Number of Offer Shares over-allocated (Note) 0
Note:  There is no over-allotment option in the International Offering, and no stabilization activities will be carried out
in relation to the Global Offering.


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Proceeds
Gross proceeds (Note) HK$1,062.0 million
Less: Estimated listing expenses payable based on
   Final Offer Price HK$54.9 million
Net proceeds HK$1,007.1 million
Note: Gross proceeds refers to the amount which the Company is entitled to receive. For details of the use of proceeds,
please refer to the section headed “Future Plans and Use of Proceeds ” of the Prospectus.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 105,939
No. of successful applications 15,008
Subscription level 399.08 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong
 Public Offering 2,700,000
Number of Offer Shares reallocated from the International
 Offering 0
Final no. of Offer Shares under the Hong Kong Public Offering 2,700,000
% of Offer Shares under the Hong Kong Public Offering to
 the Global Offering 10.00%
Note: For details of the final allocation of H 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.


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INTERNATIONAL OFFERING
No. of placees 129
Subscription Level 3.4 times
No. of Offer Shares initially available under the International
 Offering 24,300,000
Number of Offer Shares reallocated to the Hong Kong Public
 Offering 0
Final no. of Offer Shares under the International Offering 24,300,000
% of Offer Shares under the International Offering to
 the Global Offering 90.00%
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, (b) 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 H Shares in the International Offering to certain cornerstone investors, and (c) a consent
under paragraph 1C(1) of the Placing Guidelines to permit the Company to allocate certain Offer
Shares in the International Offering to connected clients, (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.


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The placees in the International Offering include the following:
Cornerstone Investors
Cornerstone Investors
No. of
Offer Shares
allocated Note 1
% of
Offer Shares
% of total issued
share capital
after the Global
Offering(Note 4)
Existing
shareholders
or their close
associates
Lens Technology (HK) Co. Limited (Ҧ (ಥ)ʮ̡ )
(“Lens Technology (HK) ”) 1,990,900 7.37% 0.84% No
Changsha Yufeng Technology Co., Ltd. (ʮ
̡)(“Changsha Yufeng ”) 1,390,700 5.15% 0.59% Yes (Note 2)
Vision Capital Management Co., Ltd. (ڦ(मऎ)ӷ෍ਿ
ʮ̡ ) (“Vision Capital ”) and China Galaxy
International Investment Company Limited ( “CGII”) (in
connection with Vision Capital OTC Swaps) 1,296,000 4.80% 0.55% Yes (Note 2)
Panjing Harbourview Investment Fund (ږ )
“(Panjing Fund ”) 995,400 3.69% 0.42% No
FR M CONSULTING CO., LTD ( “FR M CONSULTING ”) 597,200 2.21% 0.25% No
HongKong HQD Industry Limited (ʮ̡ )
(“HQD Industry ”) 497,700 1.84% 0.21% No
Da Cheng International Asset Management Company Limited
(ʮ̡ ) (“Da Cheng International ”) 398,100 1.47% 0.17% No
Sinohealth Technology Holdings Limited (ʮ
̡) (“Sinohealth Technology ”) 398,100 1.47% 0.17% No
ODI TRUST LIMITED ( “ODI TRUST ”) 199,000 0.74% 0.08% No
Huang Xuelin (؍“( )Mr. Huang ”) 995,400 3.69% 0.42% No
Dai Jun ’an ( Ꮦඓτ) (“Mr. Dai ”) 497,700 1.84% 0.21% No
Lu Qinchao ( ௔ා൴) (“Ms. Lu ”) 398,100 1.47% 0.17% No
Total 9,654,300 35.76% 4.09%
Notes:
(1) The number of Offer Shares allocated to such investors only represents the number of Offer Shares allocated
to the investors as cornerstone investors in the International Offering. For allocations of Offer Shares to
the relevant investors as placees (if any), please refer to the section headed “Allotment Results Details –
International Offering – Allottees with Waiver/Consents obtained ” in this announcement.
(2) For details of a consent under paragraph 1C(2) of 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 as cornerstone investor, please refer to the section headed “Others/Additional Information ” in this
announcement.
(3) In addition to the Offer Shares subscribed for as Cornerstone Investors, Lens Technology (HK), FR M
CONSULTING, HQD Industry, Da Cheng International, ODI TRUST, Mr. Huang, Mr. Dai and Ms. Lu were
allocated further Offer Shares as placees in the International 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.
(4) Not taking into account any A Shares held by the relevant investor(s).


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Allottees with Waivers/Consents Obtained
Investor
No. of
Offer Shares
allocated
% of
Offer Shares
% of total
issued share
capital after
the Global
OfferingNote 1, 3 Relationship
Allottees with waiver from strict compliance with the requirements under 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 Note 1,3
Vision Capital Management Co., Ltd. (ڦ(म
ऎ)ʮ̡ ) 1,296,000 4.8% 0.55%
An Existing Minority
 Shareholder
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 certain Cornerstone Investors Note 1
Lens Technology (HK) Co. Limited (Ҧ
(ಥ)ʮ̡ ) (“Lens Technology (HK) ”)
1,951,000 7.23% 0.83% A Cornerstone Investor disclosed
 in the Prospectus.
FR M CONSULTING CO., LTD ( “FR M
CONSULTING ”)
199,000 0.74% 0.08% A Cornerstone Investor disclosed
 in the Prospectus.
HongKong HQD Industry Limited (ಥဏ૶༺
ʮ̡ ) (“HQD Industry ”)
497,700 1.84% 0.21% A Cornerstone Investor disclosed
 in the Prospectus.
Da Cheng International Asset Management
Company Limited (ʮ
̡) (“Da Cheng International ”)
318,500 1.18% 0.14% A Cornerstone Investor disclosed
 in the Prospectus.
ODI TRUST LIMITED ( “ODI TRUST ”) 152,500 0.56% 0.06% A Cornerstone Investor disclosed
 in the Prospectus.
Huang Xuelin (؍“( )Mr. Huang ”) 975,000 3.61% 0.41% A Cornerstone Investor disclosed
 in the Prospectus.
Dai Jun ’an ( Ꮦඓτ) (“Mr. Dai ”) 488,000 1.81% 0.21% A Cornerstone Investor disclosed
 in the Prospectus.
Lu Qinchao ( ௔ා൴) (“Ms. Lu ”) 97,500 0.36% 0.04% A Cornerstone Investor disclosed
 in the Prospectus.
Subtotal 4,679,200 17.33% 1.98%


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Investor
No. of
Offer Shares
allocated
% of
Offer Shares
% of total
issued share
capital after
the Global
OfferingNote 1, 3 Relationship
Allottees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in
relation to allocations to connected clients Note 1
Huatai Capital Investment Limited ( “HTCI”) 119,000 0.44% 0.05% Connected client
 investing as a placee
China Southern Asset Management Co., Ltd.
(“CSAM”)
995,400 3.69% 0.42% Connected client
 investing as a placee
Guotai Junan Investments (Hong Kong) Limited
(“GTJAI”)
199,000 0.74% 0.08% Connected client
 investing as a placee
Fullgoal Fund Management Co., Ltd. ( “Fullgoal
Fund”)
187,500 0.69% 0.08% Connected client
 investing as a placee
Fullgoal Asset Management (HK) Limited
(“Fullgoal HK ”)
210,500 0.78% 0.09% Connected client
 investing as a placee
CITIC Securities International Capital
Management Limited ( “CSICM ”)
20,000 0.07% 0.01% Connected client
 investing as a placee
Shanxi Securities International Asset Management
Limited ( “SSIAM ”)
20,000 0.07% 0.01% Connected client
 investing as a
 placee
Valuable Investment Limited ( “VIL”) 59,500 0.22% 0.03% Connected client
 investing as a placee
Notes:
(1) For details of (a) a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under
paragraph 1C(2) of the Placing Guidelines granted by the Stock Exchange to permit the Company to allocate
certain Offer Shares in the International Offering to Existing Minority Shareholders; (b) a consent under
paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants to permit the Company to allocate certain
Offer Shares in the International Offering to certain Cornerstone Investors; and (c) a consent under paragraph
1C(1) of the Placing Guidelines to permit the Company to allocate certain Offer Shares in the International
Offering to connected clients and details of ultimate clients adopting TRS arrangements, please refer to the sub-
section relating to section headed “Others/Additional Information ” in this announcement.
(2) The number of Offer Shares allocated to the relevant investors listed in this subsection only represents the
number of Offer Shares allocated to the investors as placees in the International Offering. For allocations of
Offer Shares to the relevant investors as Cornerstone Investors, please refer to the section headed “Allotment
Results Details – International Offering – Cornerstone Investors ” in this announcement.
(3) Among the Cornerstone Investors, Vision Capital and Changsha Yufeng are Existing Minority Shareholders,
and Vision Capital holds more than 1% of the 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 consent under Paragraph 1C(2) of the Placing Guidelines
to permit H Shares in the International Offering to be placed to certain Existing Minority Shareholders. Please
refer to the section headed “Waivers from Strict Compliance with the Listing Rules – Allocation of H Shares to
Existing Minority Shareholders and Their Close Associates ” of the Prospectus for details.


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LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number
of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
Number
of H Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of shareholding
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
Last day subject
to the lock-up
undertakings Note 1
Zhang Min ( ੵઽ) (“Mr. Zhang ”) 12,114,881 0 5.14% 0% November 5, 2026 (First
Sixth-Month Period) Note 1
May 5, 2027 (Second
Sixth-Month Period) Note 2
Nie Juan (ࢇ“( )Ms. Nie ”) 3,485,739 0 1.48% 0% November 5, 2026 (First
Sixth-Month Period) Note 1
May 5, 2027 (Second
Sixth-Month Period) Note 2
Changsha Keyuan Tongchuang Enterprise
Management Center (Limited Partnership)
(๕Ν௴௴ุҳ༟ΥྫΆุ (Υ
ྫ)) ( “Changsha Keyuan ”)
12,114,881 0 5.14% 0% November 5, 2026 (First
Sixth-Month Period) Note 1
May 5, 2027 (Second
Sixth-Month Period) Note 2
Changsha Xiezihao Medical Investment Co.,
Ltd. (ʮ̡ )
(“Changsha Xiezihao ”)
85,079,923 0 36.07% 0% November 5, 2026 (First
Sixth-Month Period) Note 1
May 5, 2027 (Second
Sixth-Month Period) Note 2
Notes:
(1) The Controlling Shareholders will cease to be prohibited from disposing of or transferring H Shares after the
indicated date.
(2) In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month
period ends on November 5, 2026, and for the second six-month period, on May 5, 2027.
(3) For illustrative purposes only, this subsection lists only those members of the Controlling Shareholders who
hold Shares directly in the Company. Immediately upon completion of the Global Offering (without taking into
account any A Shares to be issued upon exercise of the share options granted under the Employee Incentive
Schemes), Mr. Zhang, Ms. Nie, Changsha Xiezihao and Changsha Keyuan are expected to be entitled to exercise
an aggregate of approximately 47.82% voting rights in our Company. Upon Listing, each of Mr. Zhang, Ms.
Nie, Changsha Xiezihao and Changsha Keyuan will constitute a group of the Controlling Shareholders and each
of them is subject to the same lock-up as disclosed above.


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Cornerstone Investors
NameNote 1
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
Number
of H 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
Company subject
to lock-up
 undertakings
upon Listing
Last day subject
to the lock-up
undertakings Note 2
Lens Technology (HK) 1,990,900 1,990,900 7.37% 0.84% November 5, 2026
Changsha Yufeng 1,390,700 1,390,700 5.15% 0.59% November 5, 2026
Vision Capital and CGII (in connection with
Vision Capital OTC Swaps) 1,296,000 1,296,000 4.80% 0.55% November 5, 2026
Panjing Fund 995,400 995,400 3.69% 0.42% November 5, 2026
FR M CONSULTING 597,200 597,200 2.21% 0.25% November 5, 2026
HQD Industry 497,700 497,700 1.84% 0.21% November 5, 2026
Da Cheng International 398,100 398,100 1.47% 0.17% November 5, 2026
Sinohealth Technology 398,100 398,100 1.47% 0.17% November 5, 2026
ODI TRUST 199,000 199,000 0.74% 0.08% November 5, 2026
Mr. Huang 995,400 995,400 3.69% 0.42% November 5, 2026
Mr. Dai 497,700 497,700 1.84% 0.21% November 5, 2026
Ms. Lu 398,100 398,100 1.47% 0.17% November 5, 2026
Sub-total 9,654,300 9,654,300 35.76% 4.09%
Notes:
(1) For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.
(2) In accordance with the relevant cornerstone investment agreements, the required lock-up ends on November
5, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or transferring H Shares
subscribed for pursuant to the relevant cornerstone investment agreements after the indicated date.
PLACEE CONCENTRATION ANALYSIS
Placees*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number
of H Shares
held upon
Listing
% of total
issued share
capital upon
Listing
Top 1 3,941,900 16.22% 14.60% 3,941,900 1.67%
Top 5 9,594,400 39.48% 35.53% 9,594,400 4.07%
Top 10 14,357,100 59.08% 53.17% 14,357,100 6.09%
Top 25 20,011,200 82.35% 74.12% 20,011,200 8.48%
Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.


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H SHAREHOLDER CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number
of H Shares
held upon
Listing
% of total
issued
H Shares
capital upon
Listing
Number of
Shares
held upon
Listing
Top 1 3,941,900 16.22% 14.60% 3,941,900 14.60% 3,941,900
Top 5 9,594,400 39.48% 35.53% 9,594,400 35.53% 20,276,798
Top 10 14,357,100 59.08% 53.17% 14,357,100 53.17% 25,039,498
Top 25 20,011,200 82.35% 74.12% 20,011,200 74.12% 30,693,598
Note:
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer
Shares
Number of
H Shares
held upon
Listing
Number of
Shares held
upon Listing
% of
total issued
share capital
upon Listing
Top 1 0 0.00% 0.00% 0 112,795,424 47.82%
Top 5 1,296,000 5.33% 4.80% 1,296,000 142,463,743 60.39%
Top 10 5,237,900 21.56% 19.40% 5,237,900 159,958,622 67.81%
Top 25 14,357,100 59.08% 53.17% 14,357,100 177,779,947 75.36%
Note:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
the public will be conditionally allocated on the basis set out below:
Pool A Approximate
percentage
allotted of the
Number Number total number of
of H Shares of valid H Shares
applied for applications Basis of allocation/ballot applied for
100 36,115 1,806 out of 36,115 applicants to receive 100 H Shares 5.00%
200 23,947 1,592 out of 23,947 applicants to receive 100 H Shares 3.32%
300 4,338 341 out of 4,338 applicants to receive 100 H Shares 2.62%
400 2,377 210 out of 2,377 applicants to receive 100 H Shares 2.21%
500 3,566 346 out of 3,566 applicants to receive 100 H Shares 1.94%
600 1,613 169 out of 1,613 applicants to receive 100 H Shares 1.75%
700 1,122 125 out of 1,122 applicants to receive 100 H Shares 1.59%
800 1,239 146 out of 1,239 applicants to receive 100 H Shares 1.47%
900 882 109 out of 882 applicants to receive 100 H Shares 1.37%
1,000 7,327 943 out of 7,327 applicants to receive 100 H Shares 1.29%
1,500 2,064 314 out of 2,064 applicants to receive 100 H Shares 1.01%
2,000 1,745 299 out of 1,745 applicants to receive 100 H Shares 0.86%
2,500 1,517 285 out of 1,517 applicants to receive 100 H Shares 0.75%
3,000 1,246 252 out of 1,246 applicants to receive 100 H Shares 0.67%
3,500 602 130 out of 602 applicants to receive 100 H Shares 0.62%
4,000 663 151 out of 663 applicants to receive 100 H Shares 0.57%
4,500 446 107 out of 446 applicants to receive 100 H Shares 0.53%
5,000 1,393 347 out of 1,393 applicants to receive 100 H Shares 0.50%
6,000 793 213 out of 793 applicants to receive 100 H Shares 0.45%
7,000 678 194 out of 678 applicants to receive 100 H Shares 0.41%
8,000 653 198 out of 653 applicants to receive 100 H Shares 0.38%
9,000 590 187 out of 590 applicants to receive 100 H Shares 0.35%
10,000 3,384 1,120 out of 3,384 applicants to receive 100 H Shares 0.33%
20,000 1,439 633 out of 1,439 applicants to receive 100 H Shares 0.22%
30,000 940 488 out of 940 applicants to receive 100 H Shares 0.17%
40,000 573 335 out of 573 applicants to receive 100 H Shares 0.15%
50,000 521 334 out of 521 applicants to receive 100 H Shares 0.13%
60,000 406 281 out of 406 applicants to receive 100 H Shares 0.12%
70,000 332 244 out of 332 applicants to receive 100 H Shares 0.10%
80,000 331 257 out of 331 applicants to receive 100 H Shares 0.10%
90,000 225 184 out of 225 applicants to receive 100 H Shares 0.09%
100,000 1,364 1,160 out of 1,364 applicants to receive 100 H Shares 0.09%
Total 104,431 Total number of Pool A successful applicants: 13,500


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Pool B Approximate
percentage
allotted of the
Number Number total number of
of H Shares of valid H Shares
applied for applications Basis of allocation/ballot applied for
200,000 798 600 H Shares 0.30%
300,000 176 700 H Shares plus 126 out of 176 applicants to receive
 an additional 100 H Shares
0.26%
400,000 104 800 H Shares plus 84 out of 104 applicants to receive
 an additional 100 H Shares
0.22%
500,000 91 1,000 H Shares 0.20%
600,000 69 1,100 H Shares plus 60 out of 69 applicants to receive
 an additional 100 H Shares
0.20%
700,000 39 1,300 H Shares plus 2 out of 39 applicants to receive
 an additional 100 H Shares
0.19%
800,000 23 1,400 H Shares 0.18%
900,000 15 1,500 H Shares plus 4 out of 15 applicants to receive
 an additional 100 H Shares
0.17%
1,000,000 71 1,600 H Shares plus 20 out of 71 applicants to receive
 an additional 100 H Shares
0.16%
1,350,000 122 2,000 H Shares plus 53 out of 122 applicants to receive
 an additional 100 H Shares
0.15%
Total 1,508 Total number of Pool B successful applicants: 1,508


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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.
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, its Controlling Shareholders, Directors or syndicate members
to any placees or the public (as the case may be) and the consideration payable by them for each
Offer Share of the Company subscribed for or purchased by them is the same as the final Offer
Price determined by agreement between the Company and the Sponsor-Overall Coordinators (for
themselves and on behalf of the Underwriters), in addition to any brokerage, AFRC transaction
levy, SFC transaction levy and trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Allocation of H Shares to Existing Minority Shareholders with a waiver from the strict
compliance with Rule 10.04 of the Listing Rules and a prior consent under paragraph 1C(2)
of the Placing Guidelines
The Company has applied for, and the Stock Exchange has granted, a waiver from strict
compliance with the requirements under Rule 10.04 of the Listing Rules and consent under
Paragraph 1C(2) of the Placing Guidelines to permit H Shares in the International Offering to be
placed to certain Existing Minority Shareholders.
Please refer to the section headed “Waiver from Strict Compliance with the Listing Rules and
Exemption from Compliance with the Companies (Winding up and Miscellaneous Provisions)
Ordinance – Allocation of H Shares to Existing Minority Shareholders and Their Close Associates ”
in the Prospectus for further details of the waiver and consent. The allocation of Offer Shares to
such Existing Minority Shareholders is in compliance with all the conditions under the waiver/
consent granted by the Stock Exchange.


--- page 15 ---
15
Allocations of Offer Shares to certain Cornerstone Investors with a consent under paragraph
18 of Chapter 4.15 of the Guide
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 “Size-based Exemption ”):
(a) the final offering size of the Global Offering will be of a total value of at least HK$1 billion;
(b) each Director, chief executive and Controlling Shareholder of the Company confirms that no
Offer Shares have been allocated to them or their respective close associates under the Size-
based Exemption;
(c) the allocation to certain Cornerstone Investors and/or their close associates will not affect
the Company ’s ability to satisfy the public float requirement under Rule 19A.13A(2) of the
Listing Rules; and
(d) disclosure of details of the allocation to the Cornerstone Investors and/or their close
associates under the Size-based Exemption.
Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange.
For details of the 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.
Placing to connected clients with a 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.
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 each of HTCI, CSAM, GTJAI,
Fullgoal Fund, Fullgoal HK, CSICM, SSIAM and VIL (the “Connected Clients ”) to participate in
the Global Offering as connected client and to participate in the Global Offering as a placee. The
allocation of Offer Shares to such connected clients is in compliance with all the conditions under
the consent granted by the Stock Exchange.
For details of the consents under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of
the Guide for New Listing Applicants in relation to allocations to connected clients, please refer to
the section headed “Others/Additional Information – Placing to connected clients with a consent
under paragraph 1C(1) of the Placing Guidelines ” in this announcement.


--- page 16 ---
16
Details of the placement to connected clients are set out below:
No.
Connected
Distributor Connected Client Relationship
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
Approximate
percentage of
total number
of Offer
Shares under
the Global
Offering
Approximate
percentage of
total issued
share capital
after the
Global
Offering
Part A – Connected Clients holding the beneficial interest of the Offer Shares on a non-discretionary basis on behalf of independent third parties
1 Huatai Financial Holdings
(Hong Kong) Limited
(“HTFH”)
Huatai Capital
Investment
Limited
(“HTCI”)
HTFH is one of the Sponsor-Overall Coordinators,
Overall Coordinators, Joint Sponsors, Joint Global
Coordinators, Joint Bookrunners and Joint Lead
Managers and Capital Market Intermediaries in
connection with the Global Offering. HTFH and
HTCI are indirectly wholly-owned subsidiaries of
Huatai Securities Co. Ltd., the shares of which are
listed on both the Shanghai Stock Exchange (stock
code: 601688) and the Stock Exchange (stock code:
6886) ( “Huatai Securities ”). Accordingly, HTCI
is considered as a “connected client ” of HTFH
pursuant to paragraph 1B of the Appendix F1 to the
Listing Rules. (1)
No 119,000 0.44% 0.05%


--- page 17 ---
17
No.
Connected
Distributor Connected Client Relationship
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
Approximate
percentage of
total number
of Offer
Shares under
the Global
Offering
Approximate
percentage of
total issued
share capital
after the
Global
Offering
2 Guotai Junan Securities (Hong
Kong) Limited ( “GTJAS”)
Guotai Junan
Investments
(Hong Kong)
Limited
(“GTJAI ”)
GTJAS is a syndicate member
who places securities of the Company in relation
to the Global Offering. GTJAI is a member of the
same group of companies as GTJAS. Accordingly,
GTJAI is considered as a “connected client ” of
GTJAS pursuant to paragraph 1B of the Appendix
F1 to the Listing Rules. (3)
No 199,000 0.74% 0.08%
3 CITIC Securities Brokerage
(HK) Limited ( “CSB”)
CITIC Securities
International
Capital
Management
Limited
(“CSICM”)
CSB is syndicate member who places securities of
the Company in relation to the Global Offering.
CSICM is a member of the same group of
companies as CSB. Accordingly, CSICM is
considered as a “connected client ” of CSB pursuant
to paragraph 1B of the Appendix F1 to the Listing
Rules. (6)
No 20,000 0.07% 0.01%
4 Valuable Capital Limited
(“VCL”)
Valuable
Investment
Limited ( “VIL”)
VCL is a syndicate member who places securities of
the Company in relation to the Global Offering.
VIL is the same group of companies as VCL.
Accordingly, VIL is considered as a “connected
client ” of VCL pursuant to paragraph 1B of the
Appendix F1 to the Listing Rules. (8)
No 59,500 0.22% 0.03%


--- page 18 ---
18
No.
Connected
Distributor Connected Client Relationship
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
Approximate
percentage
of total
number of
Offer Shares
under the
Global
Offering
Approximate
percentage
of total
issued share
capital after
the Global
Offering
Part B – Connected Clients holding the beneficial interest of the Offer Shares on a discretionary basis on behalf of independent third parties
1 HTFH China Southern Asset
Management Co.,
Ltd. ( “CSAM”)
HTFH is one of the
Sponsor-Overall
Coordinators, Overall
Coordinators, Joint
Sponsors, Joint Global
Coordinators, Joint
Bookrunners and
Joint Lead Managers
and Capital Market
Intermediaries in
connection the Global
Offering. CSAM is held
by Huatai Securities
as to 41.16%, which
wholly owns HTFH.
As such, CSAM and
HTFH is a member
of the same group of
companies. Accordingly,
CSAM is considered
as a “connected client ”
of HTFH pursuant to
paragraph 1B of the
Appendix F1 to the
Listing Rules. (2)
No 995,400 3.69% 0.42%


--- page 19 ---
19
No.
Connected
Distributor Connected Client Relationship
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
Approximate
percentage
of total
number of
Offer Shares
under the
Global
Offering
Approximate
percentage
of total
issued share
capital after
the Global
Offering
2 Shanxi Securities
International
Limited ( “SSI”)
Shanxi Securities
International Asset
Management
Limited ( “SSIAM”)
SSI is syndicate member
who places securities of
the Company in relation
to the Global Offering.
Both SSI and SSIAM
are ultimately controlled
by Shanxi Securities
International Financial
Holdings ( “SSIFH ”).
Accordingly, SSIAM
is considered as a
“connected client ” of SSI
pursuant to paragraph 1B
of the Appendix F1 to the
Listing Rules. (7)
No 20,000 0.07% 0.01%
3 GTJAS and Haitong
International
Securities Company
Limited ( “Haitong ”)
Fullgoal Fund
Management Co.,
Ltd. ( “Fullgoal
Fund”)
GTJAS and Haitong are
syndicate members
who place securities
of the Company in
relation to the Global
Offering. Fullgoal
Fund is a member of
the same group of
companies as GTJAS and
Haitong, respectively.
Accordingly, Fullgoal
Fund is considered as
a “connected client ”
of GTJAS and Haitong
pursuant to paragraph 1B
of the Appendix F1 to the
Listing Rules. (4)
Yes 187,500 0.69% 0.08%


--- page 20 ---
20
No.
Connected
Distributor Connected Client Relationship
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
Approximate
percentage
of total
number of
Offer Shares
under the
Global
Offering
Approximate
percentage
of total
issued share
capital after
the Global
Offering
4 GTJAS and Haitong Fullgoal Asset
Management (HK)
Limited ( “Fullgoal
HK”)
GTJAS and Haitong are
syndicate members who
place securities of the
Company in relation
to the Global Offering.
Fullgoal HK is a member
of the same group of
companies as GTJAS and
Haitong, respectively.
Accordingly, Fullgoal
HK is considered as a
“connected client ” of
GTJAS and Haitong
pursuant to paragraph 1B
of the Appendix F1 to the
Listing Rules. (5)
Yes 210,500 0.78% 0.09%
Notes:
(1) Huatai Capital Investment Limited ( “HTCI”) is a member of the same group of Huatai Financial Holdings (Hong
Kong) Limited ( “HTFH”).
HTFH is one of the Overall Coordinators, Joint Sponsors, Sponsor-Overall Coordinators, Joint Global
Coordinators, Joint Bookrunners, Joint Lead Managers and Capital Market Intermediaries in connection with the
Global Offering. Pursuant to an ISDA Agreement (the “ISDA Agreement ”), HTCI, which intends to participate
in the Global Offering as a placee, will hold the beneficial interest of the H Shares, on a non-discretionary basis
as the single underlying holder under a back-to-back total return swap (the “Back-to-back TRS ”) to be entered
by HTCI in connection with a Client TRS (as defined below) placed by and fully funded (i.e. with no financing
provided by HTCI) by the Huatai Ultimate Client (as defined below), by which, HTCI will, subject to customary
fees and commissions, pass the full economic exposure of the Shares to the Huatai Ultimate Client, which in
effect, HTCI will hold the beneficial interest of the Shares on behalf of the Huatai Ultimate Client. Accordingly,
HTCI is considered as a “connected client ” of HTFH pursuant to paragraph 1B of the Placing Guidelines.
The offshore investor (the “Huatai Ultimate Client ”), through its investment manager, will place a total
return swap order (the “Client TRS ”) with HTCI in connection with the Company ’s IPO. In order to hedge its
exposure under the Client TRS, HTCI participates in the Company ’s IPO and subscribes the Shares through
placing order with HTFH during the International Offering.


--- page 21 ---
21
The purpose of HTCI to subscribe for the H Shares is for hedging the Client TRS order placed by the Huatai
Ultimate Client. Pursuant to the terms of the Client TRS, during the tenor of the Client TRS, subject to
customary fees and commissions, all economic returns of the H Shares will be passed to the Huatai Ultimate
Client through the Client TRS and all economic loss shall be borne by the Huatai Ultimate Client. HTCI will
not take any economic return or bear any economic loss in relation to the H Shares.
The Huatai Ultimate Client may exercise an early termination right to terminate the Client TRS at any time
from the issue date of the Client TRS which should be on or after the date on which the H Shares are listed on
the Stock Exchange at its own discretion. Upon the termination upon maturity or early termination of the Client
TRS by the Huatai Ultimate Client, HTCI will dispose the H Shares on the secondary market and the Huatai
Ultimate Client will receive a final settlement amount of the Client TRS in cash in accordance with the terms
and conditions of the Client TRS which should have taken into account all the economic returns or economic
loss in relation to the Shares. If upon the maturity of the Client TRS, the Huatai Ultimate Client intends to
extend the investment period, subject to further agreement between HTCI and the relevant Huatai Ultimate
Client, the term of the Client TRS could be extended by way of a new issuance or a tenor extension.
It is proposed that HTCI will hold the legal title and the voting right of the H Shares by itself, and pass through
the economic exposure to the Huatai Ultimate Client, being a client who places a Client TRS order with HTCI
in connection with the IPO of the Company. HTCI will not exercise the voting right of the H Shares during the
tenor of the Client TRS.
During the life of the Client TRS, HTCI may continue to hold the H Shares in its custodian account, or to hold
some or all of the H Shares in a prime brokerage account for stock borrowing purposes, where HTCI will lend
out its holding of underlying H Shares in the form of stock borrowing loans consistent with market practice to
lower its finance costs, provided that HTCI has the ability to call back the Shares on loan at any time in order to
satisfy its obligations under the Client TRS to ensure the economic interests are ultimately passed to the Huatai
Ultimate Client.
The Huatai Ultimate Client and its respective ultimate beneficial owner holding 30% or more interest include:
Huatai Ultimate Client UBO with 30% or more interests
PRIME GAIN OFC SUB AC PRIME GAIN FUND II Wu Bing
The general partner of the Huatai Ultimate Client is Jinluo Securities Limited, whose ultimate beneficial owner
is Wu Bing.
HTCI has confirmed that, to the best of their knowledge, (i) each of the Huatai Ultimate Client and the ultimate
beneficial owner holding 30% or more interest of the Huatai Ultimate Client listed above is an independent
third party of (a) the Company, the connected person or the associates thereof; and (b) HTCI, HTFH and the
companies which are members of the same group of companies as HTFH, and (ii) HTCI is not a collective
investment scheme which is not authorised by the SFC nor is expected to hold the Offer Shares on behalf of
such scheme.


--- page 22 ---
22
(2) CSAM, a qualified domestic institutional investor as approved by the relevant PRC authority to conduct asset
management business, will hold the Offer Shares as the independent agent and discretionary manager of certain
QDII funds for each of its funds (the “CSAM Ultimate Clients ”).
The CSAM Ultimate Clients and their respective ultimate beneficial owners include:
CSAM Ultimate Clients UBO with 30% or more interests
China Southern Hong Kong Growth Fund
(ৣໄ૿Υ )
No single UBO with 30% or more interest
China Southern China New Economy 9-Month Holding Period
Hybrid Fund (QDII) (˙ʕ਷อጳ຾᏶ 9 Ϟಂ૿Υ
(QDII))
No single UBO with 30% or more interest
China Southern Global Dynamic Allocation Fund
(ୃ (QDI1-FOF))
No single UBO with 30% or more interest
CSAM has confirmed that, to the best of their knowledge, (i) the CSAM Ultimate Clients and the ultimate
beneficial owners holding 30% or more interest of the CSAM Ultimate Clients listed above is an independent
third party of (a) the Company, the connected person or the associates thereof; and (b) CSAM, HTFH and the
companies which are members of the same group of companies as HTFH, and (ii) CSAM is not a collective
investment scheme which is not authorised by the SFC nor is expected to hold the Offer Shares on behalf of
such scheme.
(3) It is proposed that GTJAI participates as placee to subscribe for the Offer Shares under the International
Offering (the “GTJAI Subscription ”).
In relation to the GTJAI Subscription, GTJAI shall hold the Offer Shares for hedging purpose as the single
underlying asset of a back-to-back total return swap transaction (the “GTHT Back-to-back TRS ”) to be entered
into between GTJAI and Guotai Haitong Securities Co., Ltd. (the “GTHT Onshore Parent ”) in connection
with a total return swap order (the “GTHT Client TRS ”) to be entered into by GTHT Onshore Parent and
ultimate client (the “GTHT Onshore Ultimate Client ”), respectively. Such GTHT Client TRS is to be fully
funded by the GTHT Onshore Ultimate Client. GTJAI will hold the Offer Shares on a non-discretionary basis
for the purpose of hedging the economic exposure under the GTHT Back-to-back TRS and GTHT Client TRS
only. During the tenor of the GTHT Client TRS, all economic returns of the Offer Shares will be passed to the
GTHT Onshore Ultimate Client and all economic losses shall be borne by the GTHT Onshore Ultimate Client,
subject to the terms and conditions of the GTHT Back-to-back TRS and GTHT Client TRS, and GTJAI will
not take part in any economic return or bear any economic loss in relation to the price of the Offer Shares. The
GTHT Onshore Ultimate Client may request to redeem the Offer Shares at their own discretion, upon which
GTJAI shall dispose of the Offer Shares and settle the GTHT Back-to-back TRS and GTHT Client TRS in cash
in accordance with the terms and conditions of the GTHT Back-to-back TRS and GTHT Client TRS documents.
Due to its internal policy, GTJAI will not exercise the voting right attaching to the Offer Shares during the tenor
of the GTHT Back-to-back TRS and GTHT Client TRS.
The GTHT Onshore Ultimate Client and their respective ultimate beneficial owners include:
GTHT Onshore Ultimate Client UBO with 30% or more interests
CICC JINJIA No.1 Collective Asset Management Plan
(ྗ 1 ྌ )
No single UBO with 30% or more interest
The fund manager of the GTHT Onshore Ultimate Clients is China International Capital Corporation Limited ( ʕ
ʮ̡ ), whose ultimate controller is the State Council of the PRC, whereas its investment
managers are Wang Chen ( ˮೠ) and Wang Ning ( ˮྐྵ).
GTJAI has confirmed that, to the best of their knowledge, (i) the GTJA Onshore Ultimate Client and the
ultimate beneficial owners holding 30% or more interest of the GTJA Onshore Ultimate Client listed above is
an independent third party of (a) the Company, the connected person or the associates thereof; and (b) GTJAI,
GTJAS and the companies which are members of the same group of companies as GTJAS, and (ii) GTJAI is not
a collective investment scheme which is not authorised by the SFC nor is expected to hold the Offer Shares on
behalf of such scheme.


--- page 23 ---
23
(4) It is proposed that Fullgoal Fund participates as placee to subscribe for the Offer Shares under the International
Offering (the “Fullgoal Subscription ”).
In relation to the Fullgoal Subscription, Fullgoal Fund will hold the Offer Shares in its capacity as the
discretionary fund manager on behalf of its funds (the “Fullgoal Ultimate Clients ”).
The Fullgoal Ultimate Clients and their respective ultimate beneficial owners include:
Fullgoal Ultimate Clients
Whether the Fund
is a Collective
Investment
Scheme
Whether the
Scheme is
Publicly Marketed
Fund
Manager
UBO of Fund
Manager with
30% or more
interests
UBO of Fullgoal
HK Ultimate
Clients with 30%
or more interest
ICBC Fullgoal global technology & internet fund
(ICBC Global Tech)
Yes Yes Fullgoal Fund N/A No single UBO with 30% or more
interest
ICBC Fullgoal China Small & Mid Cap (HK listed)
Equity Fund (ICBC China SMC)
Yes Yes Fullgoal Fund N/A No single UBO with 30% or more
interest
Fullgoal Fund has confirmed that, to the best of their knowledge, (i) the Fullgoal Ultimate Clients and the
ultimate beneficial owners holding 30% or more interest of the Fullgoal Ultimate Clients listed above is an
independent third party of (a) the Company, the connected person or the associates thereof; and (b) Fullgoal
Fund, GTJAS, Haitong and the companies which are members of the same group of companies as GTJAS and
Haitong, respectively, and (ii) each of ICBC Global Tech and ICBC China SMC is a collective investment
scheme which is not authorised by the SFC.
(5) It is proposed that Fullgoal HK participates as placee to subscribe for the Offer Shares under the International
Offering (the “Fullgoal HK Subscription ”).
In relation to the Fullgoal HK Subscription, Fullgoal HK will hold the Offer Shares in its capacity as the
discretionary fund manager on behalf of its funds (the “Fullgoal HK Ultimate Clients ”). Each of FCOF, BMO
and FCGSF (as defined below) is a collective investment scheme which is not authorised by the SFC, whereas
FHKCEF (as defined below) is not a collective investment scheme which is not authorised by the SFC nor is
expected to hold the Offer Shares on behalf of such scheme
Fullgoal HK Ultimate Clients and their respective ultimate beneficial owners include:
Fullgoal HK Ultimate Clients
Whether the
Fund is a
Collective
Investment Scheme
Whether the
Scheme is
Publicly Marketed Fund Manager
UBO of Fund
Manager with
30% or more
interests
UBO of the Fullgoal
HK Ultimate Clients
Fullgoal China Opportunities Fund (FCOF) Yes Not publicly marketed Fullgoal HK Fullgoal Fund The ultimate beneficial owners are
three investors which are entities
and funds, namely (1) China
Everbright Fortune Investment
Limited; (2) L Industries Limited;
and (3) Orient Sun Rise Fund Series
SPC – Orient Sun Rise Enhanced
Balanced Fund Segregated
Portfolio, each with 30% or more
interest therein. None of the
aforesaid entities has a single UBO
with 30% or more interest.
BMO Greater China Fund (BMO) Yes Yes Fullgoal HK Fullgoal Fund No single UBO with 30% or more
interest.


--- page 24 ---
24
Fullgoal HK Ultimate Clients
Whether the
Fund is a
Collective
Investment Scheme
Whether the
Scheme is
Publicly Marketed Fund Manager
UBO of Fund
Manager with
30% or more
interests
UBO of the Fullgoal
HK Ultimate Clients
Fullgoal China Growth Select Fund (FCGSF) Yes Not publicly marketed Fullgoal HK Fullgoal Fund The ultimate beneficial owner with
30% or more interest is Zhao Xue
Ming.
The University of Hong Kong-Hong Kong and China
Equity Fund (FHKCEF)
No Not publicly marketed Fullgoal HK Fullgoal Fund The ultimate beneficial owner with
30% or more interest is The
University of Hong Kong.
Fullgoal HK has confirmed that, to the best of their knowledge, the Fullgoal HK Ultimate Clients and the
ultimate beneficial owners holding 30% or more interest of the Fullgoal HK Ultimate Clients listed above is
an independent third party of (a) the Company, the connected person or the associates thereof; and (b) Fullgoal
HK, GTJAS, Haitong and the companies which are members of the same group of companies as GTJAS and
Haitong, respectively.
(6) It is proposed that CSICM participates as placee to subscribe for the Offer Shares under the International
Offering (the “CSICM Subscription ”).
In relation to the CSICM Subscription, CSICM will act as the single counterparty of several back-to-back total
return swap transactions (the “CSICM Back-to-back TRS ”) to be entered into by it in connection with total
return swap orders (the “CSICM Client TRS ”) placed and fully funded by its investors (the “CSICM Ultimate
Clients ”), by which CSICM will pass the full economic exposure of the Offer Shares placed to the CSICM
Ultimate Clients. As confirmed by CSICM, CSICM will hold the legal title and beneficial interest in the Offer
Shares, but will contractually agree to pass on the full economic exposure and return of the Offer Shares to the
CSICM Ultimate Clients, on a non-discretionary basis. The CSICM Ultimate Clients may exercise their early
termination rights to terminate the CSICM Client TRS at any time from the trade date of the CSICM Client TRS
which should be on or after the date on which the Offer Shares are listed on the Stock Exchange. Upon the final
maturity or termination of the CSICM Client TRS by the CSICM Ultimate Clients, CSICM will dispose of the
Offer Shares on the secondary market and the CSICM Ultimate Clients will receive a final termination amount
of the CSICM Back-to-back TRS which will have taken into account all the economic returns or economic loss
in relation to the Offer Shares and the fixed amount of transaction fees of the CSICM Back-to-back TRS and
the CSICM Client TRS. Due to its internal policy, CSICM will not exercise the voting right of the Offer Shares
during the terms of the CSICM Back-to-back TRS.
The CSICM Ultimate Clients and their respective ultimate beneficial owners include:
CSICM Ultimate Clients UBO with 30% or more interests
LW Investment II Xu Chong
LW Investment III N/A
The general partner of the LW Investment II and LW Investment III are Red Dot Asset Management Pte. Ltd.,
whose ultimate beneficial owners are Chan Hock Eng and Xie Dahong.
CSICM has confirmed that, to the best of their knowledge, (i) the CSICM Ultimate Clients and the ultimate
beneficial owners holding 30% or more interest of the CSICM Ultimate Clients listed above is an independent
third party of CSICM, CSB and the companies which are members of the same group of companies as CSB, and
(ii) CSICM is not a collective investment scheme which is not authorised by the SFC nor is expected to hold the
Offer Shares on behalf of such scheme.


--- page 25 ---
25
(7) It is proposed that SSIAM participates as placee to subscribe for the Offer Shares under the International
Offering (the “SSIAM Subscription ”).
In relation to the SSIAM Subscription, SSIAM will hold the Offer Shares in its capacity as the discretionary
fund manager on behalf of its investors.
The ultimate client of SSIAM is Chen Jun (ڲwho is also the ultimate beneficial owner of SSIAM with
30% or more interest therein.
SSIAM has confirmed that, to the best of their knowledge, (i) the ultimate client of SSIAM and the ultimate
beneficial owner holding 30% or more interest of the ultimate client of SSIAM listed above is an independent
third party of (a) the Company, the connected person or the associates thereof; and (b) SSIAM, SSI, SSIFH and
the companies which are members of the same group of companies as SSIFH, and (ii) SSIAM is not a collective
investment scheme which is not authorised by the SFC nor is expected to hold the Offer Shares on behalf of
such scheme.
(8) It is proposed that VIL participates as placee to subscribe for the Offer Shares under the International Offering
(the “VIL Subscription ”).
In relation to the VIL Subscription, VIL and its investor, who is also the ultimate beneficial owner (the “VIL
Ultimate Client ”), have entered into a series of cross border over-the-counter swap transactions (collectively,
the “VIL Client TRS ”) with each other pursuant to which VIL will hold the Offer Shares on a non-discretionary
basis to hedge the VIL Client TRS while the economic risks and returns of the underlying Offer Shares are
passed to the VIL Ultimate Client, subject to customary fees and commission.
The VIL Ultimate Client and ultimate beneficial owner are Guo Jing, who holds 30% or more interest therein.
VIL has confirmed that, to the best of their knowledge, (i) the VIL Ultimate Client and the ultimate beneficial
owner holding 30% or more interest of the VIL Ultimate Client listed above is an independent third party of (a)
the Company, the connected person or the associates thereof; and (b) VCL, VIL and the companies which are
members of the same group of companies as VCL, and (ii) VIL is not a collective investment scheme which is
not authorised by the SFC nor is expected to hold the Offer Shares on behalf of such scheme.


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26
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities
in the United States or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act ”) or
securities law of any state or other jurisdiction of the United States. The securities may not be offered, sold, pledged
or otherwise transferred within the United States except pursuant to an exemption from the registration requirements
of the U.S. Securities Act and in compliance with any applicable state securities laws. The securities are being offered
and sold outside the United States in offshore transactions in accordance with Regulation S under the U.S. Securities
Act. There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for securities. This announcement is not a prospectus. Potential investors should read the prospectus dated
April 27, 2026 (the “Prospectus ”) issued by Cofoe Medical Technology Co., Ltd. (ʮ̡ ) (the
“Company ”) for detailed information about the Global Offering described below before deciding whether or not to
invest in the H Shares thereby being offered. Any investment decision in relation to the Offer Shares should be taken
solely in reliance on the information in the Prospectus. The Company has not been and will not be registered under the
U.S. Investment Company Act of 1940, as amended.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those
defined in the Prospectus.
Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinators (for themselves and on behalf
of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong Kong Underwriting
Agreement with immediate effect upon the occurrence of any of the events set out in the section headed “Underwriting
{ Underwriting Arrangements and Expenses {  Hong Kong Public Offering {  Grounds for Termination ” in the
Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on
Wednesday, May 6, 2026).


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27
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering, the total number of the 27,000,000
H Shares expected to be held by the public represents approximately 11.67% of the total issued
share capital of our Company (excluding 4,496,131 A Shares repurchased by our Company
as treasury shares as of the date of this announcement), which is higher than the prescribed
percentage of H Shares required to be held in public hands of 10.00% under Rule 19A.13A(2)(a) of
the Listing Rules. Based on the above, it is expected that our Company will satisfy the public float
requirements as required under Rule 19A.13A(2) of the Listing Rules.
Considering that the final Offer Price is fixed at the Offer Price of HK$39.33 per Offer Share, save
for 9,654,300 H Shares (representing approximately 4.17% of our total issued Shares immediately
upon completion of the Global Offering, excluding 4,496,131 A Shares repurchased by our
Company as treasury shares as of the date of this announcement) to be issued to the cornerstone
investors that are subject to disposal restrictions for a period of six months from the Listing Date,
the remaining 17,345,700 H Shares, representing approximately 7.50% of the total issued share
capital of our Company (excluding 4,496,131 A Shares repurchased by our Company as treasury
shares as of the date of this announcement), with an expected market value of approximately
HK$682 million, which is higher than HK$600 million under Rule 19A.13C of the Listing
Rules, will not be subject to any disposal restrictions (whether under contract, the Listing Rules,
applicable laws or otherwise) at the time of the Listing. Our Company will satisfy the free float
requirement under Rule 19A.13C 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.


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28
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday, May
6, 2026 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting – Underwriting Arrangements
and Expenses – Hong Kong Public Offering – Grounds for Termination ” in the Prospectus has
not been exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to the H Share certificates becoming
valid evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Wednesday,
May 6, 2026 (Hong Kong time), it is expected that dealings in the H Shares on the Stock Exchange
will commence at 9:00 a.m. on Wednesday, May 6, 2026 (Hong Kong time). The H Shares will be
traded in board lots of 100 H Shares each, and the stock code of the H Shares will be 1187.
By order of the Board
Cofoe Medical Technology Co., Ltd.
Mr. ZHANG Min
Executive Director and Chairman of the Board
Hong Kong, May 5, 2026
As of the date of this announcement, the board of directors of the Company comprises: (i) Mr.
ZHANG Min, Mr. ZHANG Zhiming, Mr. XUE Xiaoqiao and Mr. HE Bangjie as executive
directors; and (ii) Mr. NING Huabo, Ms. SHEN Nan and Mr. Zhou Rong as independent non-
executive directors.