hk-ipo/data/extracted_text/01511/allotment_results_2026-05-19_2026051901257.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 12, 2026 (the “ Prospectus ”) issued by UISEE Technologies (Beijing)
Co., Ltd. (
ʮ̡ ) (the “ Company ”).
This announcement is for information purposes only and does not constitute an offer or an invitation to induce
an offer by any person to acquire, purchase or subscribe for any securities of the Company. This announcement is
not a prospectus. Potential investors should read the Prospectus for detailed information about the Company and
the Global Offering described below before deciding whether or not to invest in the Offer Shares. Any investment
decision in relation to the Offer Shares should be taken solely in reliance on the information provided in the
Prospectus.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States
(including its territories and possessions, any state of the United States and the District of Columbia). This
announcement does not, and is not intended to, constitute or form a part of any offer to sell or solicitation to
purchase or subscribe for any securities in the United States or in any other jurisdiction. 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 and 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 and
in compliance with any applicable state securities laws. 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 and
applicable laws of each jurisdiction where those offers and sales occur. There will be no public offer of the Offer
Shares in the United States.
In connection with the Global Offering, CITIC Securities (Hong Kong) Limited acts as the Sole Sponsor, CLSA
Limited acts as the Sponsor-Overall Coordinator and CLSA Limited, BOCOM International Securities Limited,
DBS Asia Capital Limited and China Galaxy International Securities (Hong Kong) Co., Limited act as Overall
Coordinators.
Potential investors of the Offer Shares should note that the Sole Sponsor and the Sponsor-Overall Coordinator
(for itself 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 Underwriting
Agreement – Grounds for Termination” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the
Listing Date (which is currently expected to be on Wednesday, May 20, 2026).


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UISEE Technologies (Beijing) 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
: 14,461,200 H Shares
Number of Hong Kong Offer Shares : 2,892,250 H Shares (as adjusted after
reallocation)
Number of International Offer Shares : 11,568,950 H Shares (as adjusted after
reallocation)
Offer Price : HK$60.30 per H Share, plus brokerage
of 1.0%, SFC transaction levy of
0.0027%, Stock Exchange trading fee
of 0.00565% and AFRC transaction
levy of 0.00015% (payable in full on
application in Hong Kong Dollars and
subject to refund)
Nominal value : RMB0.10 per H Share
Stock code : 1511
Sole Sponsor, Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager
Overall Coordinators, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


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3
UISEE Technologies (Beijing) Co., Ltd.
馭勢科技（北京）股份有限公司
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 12, 2026 (the “Prospectus”) issued by UISEE Technologies (Beijing)
Co., Ltd. (馭勢科技（北京）股份有限公司) (the “Company”).

Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares could move
substantially even with a small number of H Shares traded and should exercise extreme caution when
dealing in the H Shares.
SUMMARY

Company information
Stock code  1511
Stock short name  UISEE TECH
Dealings commencement date  May 20, 2026*
*see note at the end of the announcement

Price Information
Offer Price  HK$60.30

Offer Shares and Share Capital
Number of Offer Shares  14,461,200 H Shares
Number of Offer Shares in Hong Kong Public Offering (as
adjusted after reallocation)
2,892,250 H Shares
Number of Offer Shares in International Offering (as
adjusted after reallocation)
11,568,950 H Shares
Number of issued Shares upon Listing  162,485,020 Shares

Note: The Offer Size Adjustment Option is not exercised.

Proceeds
Gross proceeds (Note)  HK$872.0 million
Less: Estimated listing expenses payable based on the
Offer Price
HK$76.6 million
Net proceeds  HK$795.4 million

Note: Gross proceeds refer to the amount to which the issuer is entitled to receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds” of the Prospectus.


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ALLOTMENT RESULTS DETAILS

HONG KONG PUBLIC OFFERING

No. of valid applications  285,972
No. of successful applications  48,689
Subscription level  6,777.29 times
Claw-back triggered Yes
No. of Offer Shares initially available under the Hong Kong Public
Offering
723,100
No. of Offer Shares reallocated from the International Offering
(claw-back)
2,169,150
Final no. of Offer Shares under the Hong Kong Public Offering
(after reallocation)
2,892,250
% of final no. of Offer Shares under the Hong Kong Public
Offering to the Global Offering
20%

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  87
Subscription level  5.66 times
No. of Offer Shares initially available under the International
Offering
13,738,100
No. of Offer Shares reallocated to the Hong Kong Public Offering
(claw-back)
2,169,150
Final no. of Offer Shares under the International Offering (after
reallocation)
11,568,950
% of final no. of Offer Shares under the International Offering to
the Global Offering
80%

The Directors confirm that, to the best of their knowledge, information and belief, save for waivers from
strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph 1C of Appendix F1 to
the Listing Rules (the “ Placing Guidelines ”) granted by the Stock Exchange to permit H Shares in the
International Offering to be placed to certain Existing Minority  Shareholders and/or their 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; (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 Shares
registered in his/her/its name or otherwise held by him/her/it; (iii) there is no side agreement or arrangement
between the Company, any of the Directors, chief executive of the Company, the Controlling Shareholders,
substantial shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective


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close associates, on one hand, and the public subscribers or the placees who have subscribed for the Offer
Shares, on the other hand; and (iv) no rebate has been, directly or indirectly, provided by the Company, any
of the Directors, chief executive of the Company, the Controlling Shareholders, substantial Shareholders ,
existing Shareholders of the Company or any of its subsidiaries or their respective close associates, or
syndicate members, or any other brokers involved in the Global Offering, to any public investors in the Hong
Kong Public Offering or placees in the International Offering.
The placees in the International Offering include the following:
Cornerstone Investors


Investor Note 1
No. of Offer
Shares
allocated
% of
Offer
Shares

% of total
issued H
Shares after
the Global
Offering
% of total
issued Shares
after the
Global
Offering

Existing
shareholders or
their close
associates
Xiongan Autonomous
Driving Limited (雄安自
動駕駛有限公司)
(“Xiongan Auto
Driving”)
3,710,000 H
Shares 25.65% 2.93% 2.28% No
CYGG Holding Limited
(“CYGG”)
129,700 H
Shares 0.90% 0.10% 0.08% No
Starwin International A
LPF (“Starwin
International”)
492,500 H
Shares 3.41% 0.39% 0.30% No
Total 4,332,200 H
Shares 29.96% 3.42% 2.67%
Notes:

1. For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone
Investors” in the Prospectus.

Allottees with Waivers/Consents Obtained

Investor
No. of Offer
Shares allocated
% of Offer
Shares
% of total
issued H
Shares after
the Global
Offering
% of total
issued
Shares after
the Global
Offering Relationship
Allotees with consents under paragraph 1C of the Placing Guidelines and Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations to connected clients
Starwin International
Note 1 492,500 H Shares 3.41% 0.39% 0.30%
Connected client
and a cornerstone
investor


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Investor
No. of Offer
Shares allocated
% of Offer
Shares
% of total
issued H
Shares after
the Global
Offering
% of total
issued
Shares after
the Global
Offering Relationship
New Harvest Wealth
Securities Company
Limited (“New
Harvest”) Note 2
829,150 H Shares 5.73% 0.65% 0.51% Connected client
and a placee
Allotees with waivers from strict compliance with Rule 10.04 of the Listing Rules and Chapter s 2.5 and 4.15
of the Guide for New Listing Applicants and consents under paragraphs 1C(1) and 1C(2) of the Placing
Guidelines in relation to allocations to connected clients and close associates of existing Shareholder
CITIC Securities
International Capital
Management Limited
(“CSI”) Note 2
31,350 H Shares 0.22% 0.02% 0.019%
Connected client
and a close
associate of
existing
Shareholders as a
placee
CITIC Securities
Asset Management
(HK) Limited
(“CITIC AM HK”)
Note 2
1,700 H Shares 0.01% 0.001% 0.001%
Connected client
and a close
associate of
existing
Shareholders as a
placee
CITIC Securities
Asset Management
Company Limited
(“CITIC AM”) Note 2
1,700 H Shares 0.01% 0.001% 0.001%
Connected client
and a close
associate of
existing
Shareholders as a
placee
Notes:

1. See “Waivers from Strict Compliance with the Listing Rules —  Consent in respect of Proposed
Subscription of Shares by Certain Cornerstone Investor who is a Connected Client” of the Prospectus
and the section headed “Others  / Additional Information —  Placing to Connected Clients (including
those who are close associate of existing Shareholder) with Prior Consent s under Paragraphs 1C(1)
and 1C(2) of the Placing Guidelines and waiver s from the strict compliance with Rule 10.04 of the
Listing Rules (as applicable)” in this announcement for further details.

2. See the section headed “Others  / Additional Information —  Placing to Connected Clients (including
those who are close associate of existing Shareholder) with Prior Consent s under Paragraphs 1C(1)
and 1C(2) of the Placing Guidelines and waiver s from the strict compliance with Rule 10.04 of the
Listing Rules (as applicable)” in this announcement for further details.

LOCK-UP UNDERTAKINGS
Controlling Shareholders


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Name
Number of Shares
held in the
Company subject to
lock-up
undertakings upon
Listing
% of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings Note 1
Wu Gansha (吳甘沙)
(“Mr. Wu”) Note 2
24,341,740 Shares
(including 8,113,910
H Shares)
6.40% 14.98% May 19, 2027
Jiang Yan (姜岩) (“Mr.
Jiang”) Note 2 7,055,560 H Shares 5.57% 4.34% May 19, 2027
Zhou Xin (周鑫) (“Mr.
Zhou”) Note 2
3,527,780 Shares
(including 1,000,000
H Shares)
0.79% 2.17% May 19, 2027
Peng Jinzhan (彭進展)
(“Mr. Peng”) Note 2
3,527,780 Shares
(including 1,000,000
H Shares)
0.79% 2.17% May 19, 2027
Beijing Simaju
Technology Center
(Limited Partnership)
(北京司馬駒科技中心
（有限合夥）)
(“Beijing Simaju”) Note 2
14,111,120 H Shares 11.14% 8.68% May 19, 2027
Subtotal
52,563,980 Shares
(including
31,280,590 H Shares)
24.68% 32.35%
Notes:

1. Pursuant to the applicable PRC law s, all existing Shareholders  (including the Controlling
Shareholders) are not permitted to dispose of any of the Shares held by them within 12 months following
the Listing Date.

2. On December 17, 2019, Mr. Wu , Mr. Jiang, Mr. Zhou, Mr. Peng and Mr. Zhao Yong (趙勇) (“Mr.
Zhao”) entered into an acting-in-concert agreement, pursuant to which each of Mr. Jiang, Mr. Zhou,
Mr. Peng and Mr. Zhao agreed that, so long as he directly or indirectly holds any equity interest in the
Company, he shall exercise his voting rights in a consistent manner with Mr. Wu. The agreement shall
remain in effect until its termination upon mutual consent among the par ties, save that for Mr. Zhao,
his obligation ceased when Beijing Deep Glint Technology Co., Ltd. (北京格靈深瞳信息技術股份有
限公司) ("Deep Glint") submitted its application for listing on the STAR Market of the Shanghai Stock
Exchange on June 22, 2021. The cessation of Mr. Zhao as a party to the agreement was taken into
account that Deep Glint, the primary business interest of Mr. Zhao, was anticipated to be listed on the
STAR Market soon, and Mr. Zhao, as a chairman and director of Deep Glint, considered that it would
be in the best interest of Deep  Glint that his voting interest in the  Company became aligned with that
of Deep Glint without the restrictions under the agreement.

Beijing Simaju is the designated shareholding platform for the Pre -IPO Incentive Schemes, of which
Mr. Wu (its general partner) holds 61.47% partnership interest and Mr. Zhou (its limited partner)
holds 20% partnership interest for the benefit of the option grantees under the Pre -IPO Incentive
Schemes. The remaining 18.53% partnership interest in Beijing Simaju is beneficially held by Mr. Wu.


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Therefore, Mr. Wu, Mr. Jiang, Mr. Zhou,  Mr. Peng and Beijing Simaju  constitute a group of
Controlling Shareholders of the Company under the Listing Rules.


Key Persons (as defined under Rule 18C.14 of the Listing Rules)

Name






Capacity
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing

Last day
subject to the
lock-up
undertakings
Note 1
Mr. Zhao Co-founder of
the Group
2,116,680 H
Shares 1.67% 1.30% May 19, 2027
Chiang
Tsung Che
(江宗哲)
(“Mr.
Chiang”) Note
2
Executive
Director, chief
financial officer,
Board secretary
and joint
company
secretary of the
Group
– – – May 19, 2027
Wu Jun (吳
軍) Note 2
Non-executive
Director and
former
consultant of the
Group
– – – May 19, 2027
Liu Yang (劉
洋) Note 2
Core R&D Team
member – – – May 19, 2027
Zhou
Xiaocheng
(周小成) Note
2
Core R&D Team
member – – – May 19, 2027
Zhang Dan
(張丹) Note 2
Core R&D Team
member – – – May 19, 2027
Subtotal  2,116,680 H
Shares 1.67% 1.30%
Notes:

1. Pursuant to the applicable PRC law s, all existing Shareholders are not permitted to dispose of any
of the Shares held by them within 12 months following the Listing Date.  In accordance with Rule
18C.14(1) of the Listing Rules, the required lock -up period for key persons commences on the date
by reference to which disclosure of its shareholding is made in the Prospectus and end on the date
which is 12 months from the Listing Date, i.e. May 19, 2027, being the same date on which the
restriction against disposal of Shares under the applicable PRC laws ends.

2. Certain options to acquire Incentive Units (i.e. partnership interests held by Mr. Wu and Mr. Zhou in
Beijing Simaju) have been granted to the following persons under the Pre -IPO Incentive Schemes,
namely (i) Mr. Chiang and Mr. Wu Jun, our Directors; and (ii) Mr. Liu Yang, Dr. Zhou Xiaocheng
and Dr. Zhang Dan, our Core R&D Team members, who are key persons as defined under Rule


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18C.14 of the Listing Rules. Therefore, they have undertaken that they will not di spose of their
interests in the options granted to them as well as the partnership interests in Beijing Simaju to be
transferred to them upon the exercise of their vested options under Rule 18C.14 of the Listing Rules
within the lock-up period referred to in note 1 above.

Pursuant to the partnership agreement of Beijing Simaju, any transfer of partnership interest by
limited partners shall be approved by Mr. Wu, as the general partner and the majority holder of the
partnership interest. Mr. Wu will ensure that the lock -up restriction will be effectively enforced in
respect of the indirect interests held by the aforementioned persons as limited partners.

See the sections headed “History, Development and Corporate Structure —  Pre-IPO Incentive
Schemes” and “Appendix VI —  Statutory and General Information —  D. Pre -IPO Incentive
Schemes” for further details.



Pathfinder SIIs

Name Note1
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of
shareholding in
the Company
subject to lock-up
undertakings
upon Listing

Last day subject to the
lock-up undertakings
Note 2
Shaanxi Xike Angel
Phase III Commercial
Consultancy
Partnership (Limited
Partnership) (陝西西科
天使叁期商務信息諮
詢合夥企業（有限合
夥）
)
5,110,390 H Shares 4.03% 3.15% May 19, 2027
Beijing Phase II CAS
Star Hard Technology
Venture Capital
Partnership (Limited
Partnership) (北京二期
中科創星硬科技創業
投資合夥企業(有限合
夥）)
1,950,370 H Shares
 1.54% 1.20% May 19, 2027
Shaanxi Big Data
Industry Investment
Fund Partnership
(Limited Partnership)
(陝西大數據產業投資
基金合夥企業（有限合
夥）)
1,729,310 Shares - 1.06% May 19, 2027
Shanghai State-owned
Enterprise Reform and
Development Equity
Investment Fund
Partnership (Limited
3,249,840 Shares - 2.00% May 19, 2027


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10
Name Note1
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of
shareholding in
the Company
subject to lock-up
undertakings
upon Listing

Last day subject to the
lock-up undertakings
Note 2
Partnership) (上海國企
改革發展股權投資基
金合夥企業（有限合
夥）)
Taizhou Shengsheng
Equity Investment
Partnership (Limited
Partnership) (台州盛升
股權投資合夥企業(有
限合夥）)
2,015,460 Shares - 1.24% May 19, 2027
Shenzhen Capital
Group Co., Ltd. (深圳
市創新投資集團有限
公司)
1,950,380 Shares - 1.20% May 19, 2027
Tianjin Haihe Hongtu
Investment Fund
Partnership (Limited
Partnership) (天津海河
紅土投資基金合夥企
業（有限合夥）)
1,170,230 H Shares 0.92% 0.72% May 19, 2027
Shanghai Jinshan
Hongtu Venture
Capital Investment
Center (Limited
Partnership) (上海金山
紅土創業投資中心
（有限合夥）)
390,070 H Shares 0.31% 0.24% May 19, 2027
Liyang Hongtu New
Economy Venture
Capital Fund
Partnership (Limited
Partnership) (溧陽紅土
新經濟創業投資基金
合夥企業（有限合
夥）)
390,070 H Shares 0.31% 0.24% May 19, 2027
Changzhou Hongtu
Human Resources
Investment Partnership
(Limited Partnership)
(常州紅土人才投資合
夥企業（有限合夥）)
195,040 H Shares 0.15% 0.12% May 19, 2027
Nanjing CICC Qihong
Investment Fund
Partnership (Limited
Partnership) (南京中金
4,314,230 H Shares 3.40% 2.66% May 19, 2027


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11
Name Note1
Number of Shares
held in the Company
subject to lock-up
undertakings upon
Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of
shareholding in
the Company
subject to lock-up
undertakings
upon Listing

Last day subject to the
lock-up undertakings
Note 2
啟泓投資基金合夥企
業（有限合夥）)
Subtotal
22,465,390 Shares
(including
13,520,400 H
Shares)
10.67% 13.83%
Notes:

1. Each of the Shareholders listed in the above table is a Pathfinder SII of the Company as defined under
Chapter 2.5 of the Guide for New Listing Applicants.

2. In accordance with Rule 18C.14(2) of the Listing Rules, the required lock -up period commences on
the date by reference to which disclosure of its shareholding is made in the Prospectus and ends on
the date which is six months from the Listing Date, i.e. No vember 19, 2026. In addition to the lock -
up requirement under Rule 18C.14(2) of the Listing Rules, all existing Shareholders are not permitted
to dispose of any of the Shares held by them within 12 months following the Listing Date, i.e. ending
on May 19, 2027, as required under the applicable PRC laws.

Pre-IPO Investors other than Pathfinder SIIs (as defined in the Prospectus)





Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
Zhuhai GF Yunyi
Smart Car Industry
Fund (Limited
Partnership) (珠海廣
發雲意智能汽車產業
基金（有限合夥）)
2,305,740 H Shares 1.82% 1.42% May 19, 2027
Zhuhai GF Xinde
Environment
Protection Industry
Investment Fund
Partnership (Limited
Partnership) (珠海廣
發信德環保產業投資
基金合夥企業（有限
合夥）)
1,083,700 H
Shares 0.86% 0.67% May 19, 2027


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12




Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
CDBC Manufacturing
Transformation and
Upgrading Fund
(Limited Partnership)
(國開製造業轉型升
級基金（有限合
夥）)
3,120,600 Shares - 1.92% May 19, 2027
Hubei High Quality
Development Industry
Investment Fund
Partnership (Limited
Partnership) (湖北高
質量發展產業投資基
金合夥企業（有限合
夥）)
2,690,870 H
Shares 2.12% 1.66% May 19, 2027
Bosch (Shanghai)
Venture Capital
Investment Co., Ltd.
(博世（上海）創業
投資有限公司)
2,590,020 H
Shares 2.04% 1.59% May 19, 2027
Xinzhifeng (Wuhan)
Equity Investment
Fund Partnership
(Limited Partnership)
(信之風（武漢）股
權投資基金合夥企業
（有限合夥）)
2,027,720 H
Shares 1.60% 1.25% May 19, 2027
CITIC Securities
Investment Co., Ltd.
(中信証券投資有限
公司)
1,345,430 H
Shares 1.06% 0.83% May 19, 2027
Century Gateway
Investment Limited
5,742,770 H
Shares 4.53% 3.53% May 19, 2027
Ningbo Lanting
Shiling Investment
Partnership (Limited
Partnership) (寧波瀾
亭視聆投資合夥企業
（有限合夥）)
5,187,920 H
Shares 4.09% 3.19% May 19, 2027


--- page 13 ---
13




Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
Sinovation Fund III,
L.P.
5,065,700 H
Shares 4.00% 3.12% May 19, 2027
Chongqing Science
City Investment
Holding Co., Ltd. (重
慶科學城投資控股有
限公司)
4,055,450 H
Shares 3.20% 2.50% May 19, 2027
Gongqingcheng
Xinding Huaqi No. 1
Equity Investment
Partnership (Limited
Partnership) (共青城
新鼎華麒壹號股權投
資合夥企業（有限合
夥）)
3,740,040 H
Shares 2.95% 2.30% May 19, 2027
Beijing Z-Park
Longmen Fund
Investment Center
(Limited Partnership)
(北京中關村龍門基
金投資中心（有限合
夥）)
1,950,370 H
Shares 1.54% 1.20% May 19, 2027
Ningbo Meishan
Bonded Logistics
Park Tengyun
Yuansheng Equity
Investment
Partnership (Limited
Partnership) (寧波梅
山保稅港區騰雲源晟
股權投資合夥企業
（有限合夥）)
1,950,370 H
Shares 1.54% 1.20% May 19, 2027
Beijing Smart Cloud
City Investment Fund
Center (Limited
Partnership) (北京智
慧雲城投資基金中心
（有限合夥）)
1,949,910 H
Shares 1.54% 1.20% May 19, 2027
CAS-Tech Fund I L.P. 1,824,170 H
Shares 1.44% 1.12% May 19, 2027


--- page 14 ---
14




Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
Jiaxing Jiayao
Venture Capital
Partnership (Limited
Partnership) (嘉興嘉
耀創業投資合夥企業
（有限合夥）)
1,820,200 H
Shares 1.44% 1.12% May 19, 2027
Zhen Partners IV
(HK) Limited
1,383,450 H
Shares 1.09% 0.85% May 19, 2027
Yusheng Future
(Zhuhai) Equity
Investment
Partnership (Limited
Partnership) (馭勝未
來（珠海）股權投資
合夥企業（有限合
夥）)
1,345,430 H
Shares 1.06% 0.83% May 19, 2027
Xiangjiang Industrial
Investment Co., Ltd.
(湘江產業投資有限
責任公司)
1,299,940 H
Shares 1.03% 0.80% May 19, 2027
Jiangsu Zhongde
Services Trade
Industry Investment
Fund (Limited
Partnership) (江蘇中
德服貿產業投資基金
（有限合夥）)
1,170,230 Shares - 0.72% May 19, 2027
Beijing Yintai Jiahe
Venture Capital
Investment Co., Ltd.
(北京銀泰嘉禾創業
投資有限公司)
1,152,870 Shares - 0.71% May 19, 2027
Suzhou Hengtong
Datai Big Data
Industry Fund
Partnership (Limited
Partnership) (蘇州亨
通達泰大數據產業基
金合夥企業（有限合
夥）)
897,170 H Shares 0.71% 0.55% May 19, 2027


--- page 15 ---
15




Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
Henan Keyuan
Shenneng Clean
Energy Equity
Investment Fund
Partnership (Limited
Partnership) (河南科
源申能潔淨能源股權
投資基金合夥企業
（有限合夥）)
780,150 H Shares 0.62% 0.48% May 19, 2027
Xiamen Oak Forest
Energy Saving and
Environmental
Protection Venture
Capital Fund
Partnership (Limited
Partnership) (廈門橡
樹林節能環保創投基
金合夥企業（有限合
夥）)
780,150 H Shares 0.62% 0.48% May 19, 2027
Chongqing Liangjiang
New Area Innovative
Service Industry
Equity Investment
Fund Partnership
(Limited Partnership)
(重慶兩江新區戰新
服務業股權投資基金
合夥企業（有限合
夥）)
780,150 H Shares 0.62% 0.48% May 19, 2027
Xiamen Datai Core
Stone Venture Capital
Partnership (Limited
Partnership) (廈門達
泰芯石創業投資合夥
企業（有限合夥）)
390,080 H Shares 0.31% 0.24% May 19, 2027
Beijing Qingshan
Enterprise Angel
Investment
Partnership (北京青
山基業天使投資合夥
企業（有限合夥）)
350,030 H Shares 0.28% 0.22% May 19, 2027


--- page 16 ---
16




Name
Number of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing

Last day subject to
the lock-up
undertakings Note 1
Wang Yanmin (王彥
敏) 262,540 H Shares 0.21% 0.16% May 19, 2027
Chen Xuetao (陳雪
濤) 87,490 Shares - 0.05% May 19, 2027
Zhuhai Kangyuan
Investment Enterprise
(Limited Partnership)
(珠海康遠投資企業
（有限合夥）)
69,180 H Shares 0.05% 0.04% May 19, 2027
Subtotal
59,199,840
Shares
(including
53,668,650 H
Shares)
42.35% 36.43%
Notes:

1. Pursuant to the applicable PRC laws, all existing Shareholders (including the Pre-IPO Investors) are
not permitted to dispose of any of the  Shares held by them within 12 months following the Listing
Date.

Existing Shareholders (excluding the Controlling Shareholders, Key Persons and Pre-IPO Investors)









Name



Number of
Shares held in
the Company
subject to lock-up
undertakings
upon Listing
% of total issued
H Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing

Last day subject to
the lock-up
undertakings Note 1
Deep Glint 11,677,930 H
Shares 9.22% 7.19% May 19, 2027
Total 11,677,930 H
Shares 9.22% 7.19%
Notes:

1. Pursuant to the applicable PRC laws, all existing Shareholders are not permitted to dispose of any of
the Shares held by them within 12 months following the Listing Date.


--- page 17 ---
17

Cornerstone Investors

Name
Number of Shares
held in the
Company subject to
lock-up
undertakings upon
listing
% of total issued H
Shares after the
Global Offering
subject to lock-up
undertakings upon
Listing
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing
Last day subject to
the lock-up
undertakings Note 1
Xiongan Auto Driving 3,710,000 H Shares 2.93% 2.28% November 19, 2026
CYGG 129,700 H Shares 0.10% 0.08% November 19, 2026
Starwin International 492,500 H Shares 0.39% 0.30% November 19, 2026
Total
4,332,200 Shares
(including
4,332,200 H
Shares)
3.42% 2.67%
Notes:

1. In accordance with the relevant cornerstone investment agreements, the required lock -up ends on
November 19, 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.


--- page 18 ---
18
PLACEE CONCENTRATION ANALYSIS

Placees Note 1
Number of H
Shares allotted

Allotment as % of
International Offering
Allotment as % of total
Offer Shares
Number of
 Shares held upon Listing

% of total issued share
capital upon Listing
Top 1 3,710,000 32.07% 25.65% 3,710,000 2.28%
Top 5 7,905,850 68.34% 54.67% 7,905,850 4.87%
Top 10 9,384,850 81.12% 64.90% 9,384,850 5.78%
Top 25 11,070,500 95.69% 76.55% 11,070,500 6.81%


Notes:
1. Ranking of placees is based on the number of H Shares allotted to the placees.

H SHAREHOLDERS CONCENTRATION ANALYSIS

H Shareholders
Note 1
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 0 0.00% 0.00% 31,280,590 24.68% 52,563,980
 Top 5 0 0.00% 0.00% 63,066,650 49.77% 86,079,350
 Top 10 3,710,000 32.07% 25.65% 84,732,220 66.86% 107,744,920
 Top 25 5,700,000 49.27% 39.42% 114,434,950 90.30% 139,398,030

Notes:
1. Ranking of H Shareholders is based on the number of H Shares held by H Shareholders upon Listing.


--- page 19 ---
19
SHAREHOLDER CONCENTRATION ANALYSIS


Shareholders
Note 1
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% 31,280,590 52,563,980 32.35%
Top 5 0 0.00% 0.00% 57,878,730 86,156,730 53.02%
Top 10 0 0.00% 0.00% 79,427,590 109,655,970 67.49%
Top 25 5,700,000 49.27% 39.42% 111,789,580 145,138,560 89.32%

 Notes:
1. Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholders upon Listing.


--- page 20 ---
20
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:

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
50 77,605 3,881 out of 77,605 applicants to receive 50 H
Shares 5.00%
100 15,996 957 out of 15,996 applicants to receive 50 H Shares 2.99%
150 29,246 1,942 out of 29,246 applicants to receive 50 H
Shares 2.21%
200 7,539 539 out of 7,539 applicants to receive 50 H Shares 1.79%
250 6,109 463 out of 6,109 applicants to receive 50 H Shares 1.52%
300 4,662 370 out of 4,662 applicants to receive 50 H Shares 1.32%
350 2,997 248 out of 2,997 applicants to receive 50 H Shares 1.18%
400 2,742 235 out of 2,742 applicants to receive 50 H Shares 1.07%
450 1,668 147 out of 1,668 applicants to receive 50 H Shares 0.98%
500 8,872 804 out of 8,872 applicants to receive 50 H Shares 0.91%
600 2,595 247 out of 2,595 applicants to receive 50 H Shares 0.79%
700 2,159 214 out of 2,159 applicants to receive 50 H Shares 0.71%
800 14,986 1,532 out of 14,986 applicants to receive 50 H
Shares 0.64%
900 1,937 205 out of 1,937 applicants to receive 50 H Shares 0.59%
1,000 7,859 851 out of 7,859 applicants to receive 50 H Shares 0.54%
1,500 7,838 942 out of 7,838 applicants to receive 50 H Shares 0.40%
2,000 4,627 599 out of 4,627 applicants to receive 50 H Shares 0.32%
2,500 3,749 514 out of 3,749 applicants to receive 50 H Shares 0.27%
3,000 3,543 510 out of 3,543 applicants to receive 50 H Shares 0.24%
3,500 2,871 430 out of 2,871 applicants to receive 50 H Shares 0.21%
4,000 2,368 367 out of 2,368 applicants to receive 50 H Shares 0.19%
4,500 1,440 230 out of 1,440 applicants to receive 50 H Shares 0.18%
5,000 3,705 608 out of 3,705 applicants to receive 50 H Shares 0.16%
6,000 2,202 379 out of 2,202 applicants to receive 50 H Shares 0.14%
7,000 2,037 365 out of 2,037 applicants to receive 50 H Shares 0.13%
8,000 1,839 341 out of 1,839 applicants to receive 50 H Shares 0.12%
9,000 1,585 303 out of 1,585 applicants to receive 50 H Shares 0.11%
10,000 10,668 2,091 out of 10,668 applicants to receive 50 H
Shares 0.10%


--- page 21 ---
21
20,000 8,406 1,970 out of 8,406 applicants to receive 50 H
Shares 0.06%
30,000 5,969 1,553 out of 5,969 applicants to receive 50 H
Shares 0.04%
40,000 3,826 1,072 out of 3,826 applicants to receive 50 H
Shares 0.04%
50,000 3,192 948 out of 3,192 applicants to receive 50 H Shares 0.03%
60,000 2,206 687 out of 2,206 applicants to receive 50 H Shares 0.03%
70,000 1,888 612 out of 1,888 applicants to receive 50 H Shares 0.02%
80,000 5,275 1,767 out of 5,275 applicants to receive 50 H
Shares 0.02%
Total 266,206  Total number of Pool A successful applicants: 28,923

  POOL B
90,000 5,321 50 H Shares plus 1,384 out of 5,321 applicants to
receive an additional 50 H Shares 0.07%
100,000 7,286 50 H Shares plus 2,186 out of 7,286 applicants to
receive an additional 50 H Shares 0.07%
200,000 2,904 50 H Shares plus 1,743 out of 2,904 applicants to
receive an additional 50 H Shares 0.04%
300,000 1,094 50 H Shares plus 895 out of 1,094 applicants to
receive an additional 50 H Shares 0.03%
361,550 3,161 50 H Shares plus 2,948 out of 3,161 applicants to
receive an additional 50 H Shares 0.03%
Total 19,766 Total number of Pool B successful applicants: 19,766

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, the consideration paid by the placees or the public
(as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by them was the
same as the Offer Price in addition to any brokerage, AFRC transaction levy, SFC transaction levy and Stock
Exchange trading fee payable.
The Directors and the Overall Coordinators confirm that at least 50% of the total number of the Offer Shares
have been allocated to and taken up by independent price setting investors in compliance with Rule 18C.08
of the Listing Rules.
The Directors further confirm that at least 10% of the issued share capital of the Company will be held by
sophisticated independent investors at the time of Listing in compliance with Chapter 2.5 of the Guide for
New Listing Applicants.


--- page 22 ---
22
OTHERS / ADDITIONAL INFORMATION
Reallocation
As the Hong Kong Public Offering has been over -subscribed by more than 50 times of the total number of
Offer Shares initially available under the Hong Kong Public Offering, the reallocation procedure as disclosed
in the section headed “Structure of the Global Offering – The Hong Kong Public Offering – Reallocation and
Clawback” in the Prospectus has been applied.
The number of Offer Shares initially available under the Hong Kong Public Offering is 723,100 H Shares,
representing approximately 5% of the total number of Offer Shares initially available under the Global
Offering (before exercise of t he Offer Size Adjustment Option). As a result of such reallocation, the final
number of Offer Shares under the Hong Kong Public Offering is adjusted to 2,892,250 Offer Shares,
representing approximately 20% of the total number of Offer Sha res initially available under the Global
Offering (before exercise of the Offer Size Adjustment Option).
Placing to Connected Clients (including those who are close associate of existing Shareholder) with Prior
Consents under Paragraphs 1C(1) and 1C(2) of the Placing Guidelines and waiver s from the strict
compliance with Rule 10.04 of the Listing Rules (as applicable)
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, consents under
paragraphs 1C(1) and/or 1C(2) of the Placing Guidelines to permit allocation to connected clients (including
those who are close associates of existing Shareholders) listed below. The allocation of Offer Shares to such
connected clients is in compliance with all the conditions under the consents granted by the Stock Exchange.
Details of the placement to connected clients are set out below.

Connected
Distributor
Placee/Connected
Client Relationship
Whether the
Connected
Client will hold
the beneficial
interests of the
Offer Shares on
a non-
discretionary
basis or
discretionary
basis for
independent
third parties
Number of
Offer
Shares to
be
allocated
to the
connected
client
Approximate
percentage of
Offer Shares
allocated to
the connected
client
Approximate
percentage of
total issued
Shares after
the Global
Offering
Hong Tai
Securities
Limited
(“Hong Tai
Securities”)
Starwin
International Note 1
Starwin
International’s
general partner is
Starwin Wealth
Management
Limited and its
investment manager
is Hong Tai
Securities. As Hong
Tai Securities is one
of the Joint Global
Coordinators, the
Joint Bookrunners,
the Joint Lead
Managers and the
Underwriters,
Non-
discretionary
basis
492,500 3.41% 0.30%


--- page 23 ---
23
Starwin
International is a
connected client of
Hong Tai Securities
Wang On
Securities
Limited
(“Wang On
Securities”)
New Harvest Note 2
New Harvest is a
company
incorporated in
Hong Kong and its
discretionary sub-
manager is Wang
On Asset
Management
Limited, which is a
member of the same
group of companies
as Wang On
Securities.
Discretionary
basis 829,150 5.73% 0.51%
CLSA
Limited
(“CLSA”)
CITIC Securities
International
Capital
Management
Limited (“CSI”)
Note 3
CSI is a member of
the same group of
companies as CLSA
Note 4
Non-
discretionary
basis
31,350 0.22% 0.019%
CLSA
CITIC Securities
Asset Management
(HK) Limited
(“CITIC AM
HK”)
CITIC AM HK is a
member of the same
group of companies
as CLSA Note 4
Discretionary
basis 1,700 0.01% 0.001%
CLSA
CITIC Securities
Asset Management
Company Limited
(“CITIC AM”)
CITIC AM is a
member of the same
group of companies
as CLSA Note 4
Discretionary
basis 1,700 0.01% 0.001%
Notes:
1. Starwin International is a limited partnership fund established in Hong Kong in December 2025, and
is primarily engaged in investment. Its general partner is Starwin Wealth Management Limited, and
its non- discretionary investment manager is Hong Tai Securi ties, both of which are ultimately
controlled by Ms. Shen Yanjie (
沈燕婕). Ms. Shen Yanjie is the general manager and executive director
of Hong Tai Securities and is responsible for the overall management and supervision of securities
business. Based on the information provided, Starwin International has nine limited partners, of which
Ms. Zhu Jianhua (
朱建華) holds approximately 53.33% partnership interest and none of the others
holds 30% or more. To the best knowledge and information of the Company, all these above-mentioned
entities and individuals are independent third parties of the Company.
2. New Harvest intends to hold the Offer Shares on behalf of its ultimate clients (“New Harvest Ultimate
Clients”) who are independent third parties. To the best knowledge of New Harvest after due enquiry,
each of the New Harvest Ultimate Clients is an independent third party of the Company, its subsidiaries,
New Harvest and Wang On Securities and the companies which are members of the same group of
Wang On Securities.
3. CSI will act as the single counterparty of a back-to-back total return swap transaction (the “CSI Back-
to-back TRS”) to be entered into by CSI in connection with a total return swap order (the “CSI Client
TRS”) placed and fully funded by its ultimate clients (the “ CSI Ultimate Client(s) ”), by which CSI
will pass the full economic exposure of the Offer Shares placed to CSI to the CSI Ultimate Clients. CSI
will hold the beneficial interest of the Offer Shares on behalf of the CSI Ultimate Client on a non-
discretionary basis. The CSI Ultimate Client may exercise an early termination right to early terminate
the CSI Client TRS at any time from the trade date of the CSI Client TRS which should be on or after


--- page 24 ---
24
the date on which the Offer Shares ar e listed on the Stock Exchange. Upon the final maturity or
termination of the CSI Client TRS by the CSI Ultimate Client, CSI will dispose of the Offer Shares on
the secondary market and the CSI Ultimate Client will receive a final termination amount of the  CSI
Back-to-back TRS which should have taken into account all the economic returns or economic loss in
relation to the Offer Shares and the fixed amount of transaction fees of the CSI Back-to-back TRS and
the CSI Client TRS. CSI will not exercise the voti ng right of the Offer Shares during the terms of the
CSI Back-to-back TRS.
4. As disclosed in the Prospectus, as of the Latest Practicable Date, approximately 0.91% of the total
number of issued Shares was held by CITIC Securities Investment Co., Ltd. (中信証券投資有限公司)
(“CITIC Securities Investment”), which is a wholly-owned subsidiary of CITIC Securities Company
Limited (a company listed on the Shanghai Stock Exchange with stock code 600030 and on the Hong
Kong Stock Exchange with stock code 6030) (“ CITICS”); and (ii) approximately 1.17% of the total
number of issued Shares was held by Shaanxi Big Data Industry Investment Fund Partnership (Limited
Partnership) (陝西大數據產業投資基金合夥企業（有限合夥）) (“Shaanxi Big Data” ), which is
a limited partnership established in the PRC and is owned as to 67% by CITICS. Each of CSI, CITIC
AM HK and CITIC AM are all members of the same group of companies of CLSA, which is an indirect
subsidiary controlled by CITICS. As such, each of CSI, CITIC AM HK and CITIC AM is a close
associate of CITIC Securities Investment and Shaanxi Big Data under the Listing Rules.


--- page 25 ---
25

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 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, and is not intended to, constitute or form a part of any offer to
sell or solicitation to purchase or subscribe for any securities in the United States. The Offer Shares have
not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”) or securities law of any state or other jurisdiction of the United States and 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.
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 May 12, 2026 issued by 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.
* Potential investors of the Offer Shares should note that t he Sole Sponsor and the Sponsor -Overall
Coordinator (for itself 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 Underwriting Agreement –  Grounds for Termination” in the Prospectus  at any time prior
to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Wednesday, May
20, 2026).


--- page 26 ---
– 26 –
PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Global Offering (after taking into account the full
exercise of the Offer Size Adjustment Option) and based on the Offer Price of HK$60.30 per
H Share:
(1) 95,444,860 H Shares  representing approximately 58.74% of the issued share capital of
the Company will be counted towards the public float for the purpose of Rule 19A.13A
of the Listing Rules, which is higher than the prescribed percentage of H Shares required
to be held in public hands of 15.3094% under Rule 19A.13A of the Listing Rules; and
(2) excluding the Offer Shares to be allocated to the Cornerstone Investors that are subject
to a lock-up period of six months following the Listing Date and the H Shares to be
converted from Unlisted Shares that are subjected to a lock-up period of 12 months
following the Listing Date, the Company’s H Shares to be counted towards the free float
upon Listing will be 10,129,000 H Shares. Based on the Offer Price of HK$60.30 per H
Share, the free float of the Company represents approximately 6.23% of the total issued
share capital of the Company at the time of Listing with a market value of approximately
HK$610.78 million. Accordingly, the Company will satisfy the free float requirement
under Rule 19A.13C(1) of the Listing Rules.
The Directors confirm that, immediately following 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 do not hold more than 50% of the H Shares in public hands at the time of 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 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. on Wednesday,
May 20, 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 Underwriting Agreement – 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.


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Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on
Wednesday, May 20, 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 20, 2026 (Hong Kong
time). The H Shares will be traded in board lots of 50 H Shares each, and the stock code of the
H Shares will be 1511.
By order of the Board
UISEE Technologies (Beijing) Co., Ltd.
Mr. Wu Gansha
Chairman of the Board, Executive Director and
Chief Executive Officer
Hong Kong, May 19, 2026
As at the date of this announcement, the board of directors of the Company comprises: (i) Mr.
Wu Gansha, Mr. Zhou Xin and Mr. Chiang Tsung Che as executive Directors; (ii) Mr. Wu
Jun, Mr. Zhou Jun and Mr. Gao Xiaohu as non-executive Directors; and (iii) Mr. Chow Ming
Sang, Ms. Bai Rui and Mr. Du Zide as independent non-executive Directors.