hk-ipo/data/extracted_text/02516/allotment_results_2023-12-21_2023122101228.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, capitalised terms used in this announcement shall have the same meanings
as those defined in the prospectus dated 12 December 2023 (the “Prospectus”) issued by FAR International
Holdings Group Company Limited (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 Share Offer described below before deciding whether or not to invest in the
Offer Shares. Any investment decision in relation to the Offer Shares should be taken solely in reliance on the
information provided in the Prospectus.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United
States (including its territories and possessions, any state of the United States and the District of Columbia).
This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or
subscribe for securities in the United States or in any other 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 transferred within the United States, except in transactions exempt from, or 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.
The Sole Overall Coordinator confirms that there has been no over-allocation of the Shares under the
Placing. Therefore, the Over-allotment Option will not be exercised. In view of the fact that there has been no
over-allocation of the Shares under the Placing, no stabilising action will be taken during the stabilisation
period.
Potential investors of the Offer Shares should note that the Sole Overall Coordinator and Joint Global
Coordinators (for themselves and on behalf of the Public Offer Underwriters) shall be entitled to terminate
the Public Offer Underwriting Agreement with immediate effect upon the occurrence of any of the events set
out in the section headed “Underwriting — Underwriting arrangements and expenses — The Public Offer
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 Friday, 22 December 2023).


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FAR International Holdings Group Company Limited
ʮ̡
(incorporated in the Cayman Islands with limited liability)
SHARE OFFER
Number of Offer Shares : 140,000,000 Shares
Number of Public Offer Shares : 14,000,000 Shares
Number of Placing Shares : 126,000,000 Shares
Offer Price : HK$0.90 per Offer Share, plus brokerage
of 1%, SFC transaction levy of 0.0027%
and Stock Exchange trading fee of
0.00565% and AFRC transaction levy of
0.00015%
Nominal Value : HK$0.01 per Share
Stock Code : 2516
Sole Sponsor and Sole Overall Coordinator
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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FAR INTERNATIONAL HOLDINGS GROUP COMPANY LIMITED /
泛遠國際控股集團有限公司
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
as those defined in the prospectus dated 12 December 2023 (the “Prospectus”) issued by FAR International
Holdings Group Company Limited (the “Company”).
SUMMARY

Company information
Stock code  2516
Stock short name  FAR INTL
Dealings commencement date  22 December 2023*
*see note at the end of the announcement

Price Information
Final Offer Price  HK$0.900
Offer Price Range HK$0.900 - HK$1.220
Offer Price Adjustment exercised  No

Offer Shares and Share Capital
Number of Offer Shares  140,000,000
Number of Offer Shares in Public Offer 14,000,000
Number of Offer Shares in Placing 126,000,000
Number of issued shares upon Listing  780,000,000

Offer Size Adjustment Option (Upsize option)
Number of additional shares issued under the option  -
- Public Offer  -
- Placing  -

Over-allocation
No. of Offer Shares over-allocated  0

Note: As no over-allocation of Placing Shares has been made, the Over-allotment Option has not been
and will not be exercised, and no additional proceeds are expected to be received by the Company in this
connection.

Proceeds
Gross proceeds (Note)  HK$ 126.00 million
Less: Estimated listing expenses payable based on Final
Offer Price
HK$ (59.11) million
Net proceeds  HK$ 66.89 million

Note: Gross proceeds refers to the amount to which the issuer is entitled to receive. For details of the use
of proceeds, please refer to the Prospectus dated 12 December 2023.


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ALLOTMENT RESULTS DETAILS
PUBLIC OFFER

No. of valid applications  3,747
No. of successful applications  1,124
Subscription level  14.49 times
Claw-back triggered  No
No. of Offer Shares initially available under the Public Offer  14,000,000
Final no. of Offer Shares under the Public Offer 14,000,000
% of Offer Shares under the Public Offer to the Share Offer 10.00%

Note: For details of the final allocation of shares to the Public Offer, investors can refer to
www.eipo.com.hk/eIPOAllotment to perform a search by name or identification number or
www.eipo.com.hk/eIPOAllotment for the full list of allottees.
PLACING

No. of placees  130
Subscription Level  1.04 times
No. of Offer Shares initially available under the Placing  126,000,000
Final no. of Offer Shares under the Placing 126,000,000
% of Offer Shares under the Placing to the Share Offer 90.00%

The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, 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 subsidiari es or their respective close
associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.

The placees in the Placing include the following:
Cornerstone Investors


Investor
No. of
Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after the
Share Offer
Existing
shareholders or
their close
associates
Liu Liyun / 劉莉筠 16,664,000 11.90% 2.14% No
Guo Shaojun / 郭少
俊 16,664,000 11.90% 2.14% No
Yang Yingwu / 楊英
武 22,220,000 15.87% 2.85% No
Total 55,548,000 39.68% 7.12%

LOCK-UP UNDERTAKINGS


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Controlling Shareholders
 Name
Number of shares held
in the Company 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
Wang Quan, Zi Yue
Holdings Limited,
Gensis FAR Holdings
Limited and Hangzhou
Aiyuan Investment
Management Partnership
(Limited Partnership)* /
王泉, 子越控股有限公
司, 天遠控股有限公司
及杭州愛遠投資管理合
夥企業(有限合夥)
Note 1
263,189,164 33.74% 21 June 2024 (First Six-
Month Period) Note 2
   21 December 2024
(Second Six-Month
Period) Note 3
Subtotal 263,189,164 33.74%

In accordance with the relevant Listing Rule/guidance materials, the required lock-up for the first six-month
period ends on 21 June 2024 and for the second six-month period, on 21 December 2024.

Notes
1. Immediately following completion of the Capitalisation Issue and the Share Offer, Zi Yue Holdings Limited (“Zi Yue”)
and Gensis FAR Holdings Limited (“Gensis FAR”) will be interested in approximately 28.3607% and 5.3815% of the
Company’s total issued share capital respectively.

Zi Yue is an investment holding company and is wholly- owned by Wang Quan (“Mr. Wang”). Gensis FAR is a
company wholly-owned by Hangzhou Aiyuan Investment Management Partnership (Limited Partnership)* (杭州愛遠
投資管理合夥企業(有限合夥)) (“Hangzhou Aiyuan L.P.”), a limited partnership in which Mr. Wang is interested in
approximately 37.88% of its equity interest.

Accordingly, immediately following completion of the Capitalisation Issue and the Share Offer, Mr. Wang will be
interested in approximately 33.7422% of the Company’s issued share capital through Zi Yue and Gensis FAR. For the
purpose of the Listing Rules, Mr. Wang, Zi Yue, Gensis FAR, Hangzhou Aiyuan L.P. are a group of Controlling
Shareholders.

2. The Controlling Shareholder  will cease to be prohibited from disposing of or transferring Shares after the indicated
date.

3. The Controlling Shareholder may dispose of or transfer Shares aft er the indicated  date subject  to that the
Controlling  Shareholder  will not cease to be a Controlling  Shareholder .

* For identification purpose only

Cornerstone Investors


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Name
Number of shares held
in the Company 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
Yang Yingwu / 楊英武 22,220,000 2.85% 21 June 2024
Liu Liyun / 劉莉筠 16,664,000 2.14% 21 June 2024
Guo Shaojun / 郭少俊 16,664,000 2.14% 21 June 2024
Subtotal 55,548,000 7.12%

In accordance with the relevant Listing Rule/guidance materials, the required lock-up ends on 21 June
2024.

Note:

The Cornerstone Investors will cease to be prohibited from disposing of or transferring Shares after the indicated  date.


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PLACEE CONCENTRATION ANALYSIS
Placees Number of Shares allotted

Allotment as % of Placing Allotment as % of total Offer Shares
Number of
 Shares held upon Listing

% of total issued share capital upon
Listing
Top 1 22,220,000 17.63% 15.87% 22,220,000 2.85%
Top 5 72,444,000 57.50% 51.75% 72,444,000 9.29%
Top 10 94,208,000 74.77% 67.29% 94,208,000 12.08%
Top 25 124,968,000 99.18% 89.26% 124,968,000 16.02%

Notes
* Ranking of placees is based on the number of Shares allotted to the placees.


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SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders
Number of  Shares
 allotted

Allotment as % of
Placing
Allotment as % of total
Offer Shares
Number of Shares held
upon Listing

% of total issued share
capital upon Listing
Top 1 0 0.00% 0.00% 263,189,164 33.74%
Top 5 0 0.00% 0.00% 456,777,193 58.56%
Top 10 38,884,000 30.86% 27.77% 554,360,711 71.07%
Top 25 82,440,000 65.43% 58.89% 697,657,183 89.44%

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

BASIS OF ALLOCATION UNDER THE PUBLIC OFFER
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 SHARES
APPLIED FOR
NO. OF SHARES
APPLIED FOR BASIS OF ALLOTMENT / BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF THE
TOTAL NO. OF SHARES
APPLIED FOR
POOL A
4,000 1,813 140 out of 1,813 to receive 4,000 Shares 7.72%
8,000 558 85 out of 558 to receive 4,000 Shares 7.62%
12,000 104 23 out of 104 to receive 4,000 Shares 7.37%
16,000 54 15 out of 54 to receive 4,000 Shares 6.94%
20,000 90 31 out of 90 to receive 4,000 Shares 6.89%
24,000 99 40 out of 99 to receive 4,000 Shares 6.73%
28,000 24 11 out of 24 to receive 4,000 Shares 6.55%
32,000 16 8 out of 16 to receive 4,000 Shares 6.25%
36,000 11 6 out of 11 to receive 4,000 Shares 6.06%
40,000 523 314 out of 523 to receive 4,000 Shares 6.00%


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60,000 37 33 out of 37 to receive 4,000 Shares 5.95%
80,000 192
4,000 Shares plus 13 out of  192 to receive additional
4,000 Shares 5.34%
100,000 45
4,000 Shares plus 14 out of  45 to receive additional
4,000 Shares 5.24%
120,000 21
4,000 Shares plus 12 out of  21 to receive additional
4,000 Shares 5.24%
140,000 6
4,000 Shares plus 5 out of  6 to receive additional
4,000 Shares 5.24%
160,000 21 8,000 Shares 5.00%
180,000 9
8,000 Shares plus 2 out of  9 to receive additional
4,000 Shares 4.94%
200,000 26
8,000 Shares plus 11 out of  26 to receive additional
4,000 Shares 4.85%
300,000 8
12,000 Shares plus 5 out of  8 to receive additional
4,000 Shares 4.83%
400,000 31
16,000 Shares plus 25 out of  31 to receive additional
4,000 Shares 4.81%
500,000 16 24,000 Shares 4.80%
600,000 4 28,000 Shares 4.67%
700,000 2 32,000 Shares 4.57%
800,000 6 36,000 Shares 4.50%
900,000 2 40,000 Shares 4.44%
1,000,000 8 44,000 Shares 4.40%
1,500,000 2 64,000 Shares 4.27%
2,000,000 2 84,000 Shares 4.20%
2,500,000 1 104,000 Shares 4.16%
3,000,000 1 124,000 Shares 4.13%
 3,732 Total number of Pool A successful applicants: 1,109
POOL B
4,500,000 12 432,000 Shares 9.60%
5,000,000 1 480,000 Shares 9.60%


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7,000,000 2 668,000 Shares 9.54%
 15 Total number of Pool B successful applicants: 15


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 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 final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and trading fee payable.

DISCLAIMERS

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no
responsibility for the contents of this announcement, make no representation as to its accuracy or
completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from
or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any state of the United States and the District
of Columbia). This announcement does not constitute  or form a part of any offer or solicitation to
purchase or subscribe for securities in   the United States. The securities mentioned herein have not
been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
Securities Act”). The securities may not be offered or sold in the United States except pursuant to an
exemption from the registration requirements of the U.S. Securities Act and in compliance with any
applicable state securities laws, or outside the United States unless in compliance with Regulation S
under the U.S. Securities Act. There will be no public offer of securities in the United States. The Offer
Shares are being offered and sold 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 12 December 2023 issued by FAR International Holdings
Group Company Limited for detailed information about the Share Offer  described below before
deciding whether or not to invest in the Shares thereby being offered.
*Potential investors of  the Offer Shares should note that the Sole Overall Coordinator and the Joint
Global Coordinators  (for themselves and on behalf of  the Public Offer  Underwriters) shall be
entitled to terminate their obligations under the Public Offer  Underwriting Agreement with
immediate effect upon the occurrence of any of the events set out in the paragraph headed
“Underwriting – Underwriting Arrangements and Expenses – Public Offer  Underwriting Agreement


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– 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 22 December 2023 ).


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PUBLIC FLOAT
The Directors confirm that:
(i) immediately following completion of the Share Offer and the Capitalisation Issue,
at least 25% of the total number of issued Shares will be held by the public, in
compliance with Rule 8.08(1) of the Listing Rules;
(ii) the Shares will be held by at least 300 Shareholders at the time of Listing, in
compliance with Rule 8.08(2) of the Listing Rules;
(iii) the three largest public Shareholders will not hold more than 50% of the Shares held
in public hands at the time of Listing, in compliance with Rule 8.08(3) of the Listing
Rules;
(iv) no placee will, individually, be placed more than 10% of the enlarged issued share
capital of the Company immediately after the Share Offer; and
(v) there will not be any new substantial Shareholder (as defined in the Listing Rules) of
the Company immediately after the Share Offer.
COMMENCEMENT OF DEALINGS
Share certificates will only become valid at 8:00 a.m. (Hong Kong time) on Friday, 22
December 2023, provided that the Share Offer has become unconditional and the right of
termination described in the section headed “Underwriting — Underwriting arrangements
and expenses — Public Offer Underwriting Agreement — Grounds for termination” in the
Prospectus has not been exercised. Investors who trade Shares prior to the receipt of Share
certificates or the Share certificates becoming valid evidence of title do so entirely at their
own risk.
Assuming that the Share Offer becomes unconditional at or before 8:00 a.m. (Hong Kong
time) on Friday, 22 December 2023, it is expected that dealings in the Shares on the Stock
Exchange will commence at 9:00 a.m. on Friday, 22 December 2023. The Shares will be
traded in board lots of 4,000 Shares each. The stock code of the Shares is 2516.
By order of the Board
FAR International Holdings Group Company Limited
Wang Quan
Chairman and Executive Director
Hong Kong, 21 December 2023


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As at the date of this announcement, the executive Directors of the Company are Mr. Wang Quan, Ms.
Zhang Min, Mr. Yang Zhilong, Mr. Zhang Guangyang and Mr. Zhu Jiong; the non-executive Director of the
Company is Mr. Wang Tiantian; and the independent non-executive Directors of the Company are Mr. Ye
Xingyue, Mr. Ren Tiangan, and Mr. Sun Peng.
This announcement is available for viewing on the website of the Company at www.far800.com  and the
website of the Stock Exchange at www.hkexnews.hk.