hk-ipo/data/extracted_text/02632/allotment_results_2026-03-23_2026032301630.txt

--- page 1 ---
1
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, and is not intended to, constitute or form a part of any offer 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
otherwise transferred within the United States, except in transactions exempt from, or not subject to, the registration
requirements of the U.S. Securities Act and in compliance with any applicable state securities laws. 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 and applicable laws of
each jurisdiction where those offers and sales occur.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase
or subscribe for securities. 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.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as
those defined in the prospectus dated March 16, 2026 (the “Prospectus ”) issued by Jiangsu New Vision Automotive
Electronics Co., Ltd. (ʮ̡ ) (the “Company ”).
Potential investors of the Offer Shares should note that the Joint Sponsors and the 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 – The 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 March 24, 2026).


--- page 2 ---
2
Jiangsu New Vision Automotive Electronics 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
: 16,226,500 H Shares
Number of Hong Kong Offer Shares : 1,622,650 H Shares
Number of International Offer Shares : 14,603,850 H Shares
Final Offer Price : HK$44.20 per H Share, plus brokerage of
1.0%, SFC transaction levy of 0.0027%,
AFRC transaction levy of 0.00015% and
Stock Exchange trading fee of 0.00565%
Nominal value : RMB0.50 per H Share
Stock code : 2632
Joint Sponsors, Overall Coordinators,
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and Joint Lead Manager
Joint Bookrunners and Joint Lead Managers


--- page 3 ---
3
JIANGSU NEW VISION AUTOMOTIVE ELECTRONICS CO., LTD.
ʮ̡
ANNOUNCEMENT OF FINAL OFFER PRICE AND
ALLOTMENT RESULTS
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 2632
Stock short name NEW VISION CO
Dealings commencement date March 24, 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$44.20
Offer Price Range HK$42.00 – HK$48.00
Offer Shares and Share Capital
Number of Offer Shares 16,226,500
Number of Offer Shares in Hong Kong Public Offer 1,622,650
Number of offer shares in International Offering 14,603,850
Number of issued shares upon Listing 123,395,266
Proceeds
Gross proceeds (Note) HK$717.21 million
Less: Estimated listing expenses payable based on
Offer Price HK$67.54 million
Net proceeds HK$649.67 million
Note: Gross proceeds refers to the amount to which the Company is entitled receive. For details of the use of
proceeds, please refer to the section headed “Future Plans and Use of Proceeds ” in the Prospectus.


--- page 4 ---
4
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 31,183
No. of successful applications 14,843
Subscription level 68.89 times
Reallocation No
No. of Offer Shares initially available under the Hong Kong
Public Offering 1,622,650
No. of Offer Shares reallocated from the International
Offering (reallocation) 0
Final no. of Offer Shares under the Hong Kong Public
Offering (after reallocation) 1,622,650
% of Offer Shares under the Hong Kong Public Offering to
the Global Offering 10%
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 name or identification number or www.hkeipo.hk/IPOResult   for
the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 71
Subscription level 1.34 times
No. of Offer Shares initially available under the
International Offering 14,603,850
Number of Offer Shares reallocated to the Hong Kong
Public Offering 0
Final no. of Offer Shares under the International Offering 14,603,850
% of Offer Shares under the International Offering to the
Global Offering 90%
The Directors confirm that, to the best of their knowledge, information and belief, save for (a)
waivers under Rule 10.04 of the Listing Rules and consents 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 the close associates
of certain existing minority Shareholders, and (b) consent under paragraph 1C(1) of the Placing
Guidelines and Chapter 4.15 of the Guide to permit the Company to allocate certain Offer Shares
in the International Offering to a connected client, (i) none of the Offer Shares subscribed by
the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, Supervisors, chief executive of the Company, Controlling Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective
close associates; and (ii) none of the placees and the public who have purchased the Offer Shares
are accustomed to taking instructions from the Company, any of the Directors, Supervisors,
chief executive of the Company, Controlling Shareholders, substantial Shareholders, existing
Shareholders of the Company or any of its subsidiaries or their respective close associates in
relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.


--- page 5 ---
5
The placees in the International Offering include the following:
Cornerstone Investors
Investor
No. of
Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the
Global
Offering
Existing
shareholders
or
their close
associates
Yingke No. 1 (Hongkong) Limited (ఠ
໮(ಥ)ʮ̡ ) (“Yingke No. 1 ”)
1,244,300 7.67% 1.01% Yes
Hongkong High Tech Industrial (Beijing)
Development Investment Co., Limited (࠰
ಥ৷ၚφପุ (̏ԯ)ʮ̡ )
(“Hongkong High Tech ”)
1,243,200 7.66% 1.01% Yes
Total 2,487,500 15.33% 2.02%
Note: Each of Yingke No. 1 and Hongkong High Tech is a close associate of the existing Shareholders, being
Shunyi Fund and Yingke Fund. 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 Yingke No. 1 and Hongkong High Tech to participate in the International Offering as cornerstone investors.
Please refer to the section headed “Waivers from Strict Compliance with the Listing Rules and Exemptions from
the Companies (Winding Up and Miscellaneous Provisions) Ordinance – Waiver from Strict Compliance with Rule
10.04 of the Listing Rules and the Stock Exchange ’s Consent under Paragraph 1C of Appendix F1 to the Listing
Rules in respect of Subscriptions of Offer Shares by Close Associates of Existing Shareholders as Cornerstone
Investors ” of the Prospectus for details.
Allottees with Waivers/Consents Obtained
Investor
No. of Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the Global
Offering Relationship
Allottees with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under
paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by close associates of
existing Shareholders Note 1
Shenzhen Bridge Asset Management
Co., Ltd. (ࠢ
ʮ̡) (“Shenzhen Bridge ”) Note 2
325,000 2.00% 0.26% A placee and a close
associate of an
existing minority
Shareholder
Yangtze Grace Investment (Hong
Kong) Limited Note 3
1,017,300 6.27% 0.82% A placee and a close
associate of existing
minority Shareholders
Kaize Investment (HK) Limited  Note 4 1,526,000 9.40% 1.24% A placee and a close
associate of existing
minority Shareholders


--- page 6 ---
6
Investor
No. of Offer
Shares
allocated
% of Offer
Shares
% of total
issued share
capital after
the Global
Offering Relationship
Allottee with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide in
relation to allocation to a connected client  Note 1
Guotai Junan Investments (Hong
Kong) Limited Note 2
325,000 2.00% 0.26% A connected client of
Haitong International
Securities Company
Limited
Notes:
(1) For details of (i) the waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under
paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by close associates of
existing Shareholders, and (ii) the consent under paragraph 1C(1) of the Placing Guidelines and Chapter
4.15 of the Guide in relation to allocation to a connected client, please refer to the section headed “Others/
Additional Information ” in this announcement.
(2) Shenzhen Bridge is a close associate of Jiaqiao Capital, which is an existing Shareholder. Shenzhen Bridge
subscribes for the H Shares in the International Offering through GTHT Client TRS (as defined below). For
details, please refer to the section headed “Others/Additional Information ” in this announcement.
(3) Yangtze Grace Investment (Hong Kong) Limited is a close associate of Changjiang Investment (being
Guangde Changzheng, Xiangyang Changzheng and Chutian Changxing), which are existing Shareholders.
(4) Kaize Investment (HK) Limited is a close associate of Changjiang Investment (being Guangde Changzheng,
Xiangyang Changzheng and Chutian Changxing), which are existing Shareholders.
LOCK-UP UNDERTAKINGS
Controlling Shareholders (as defined in the Prospectus)
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
H Shares as
% of total
issued
H Shares
after the
Global
Offering
subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note
Mr. Zhang Tao 6,356,908 4,449,836 4.08% 5.15% March 23, 2027
Mr. Zhang Bo 8,898,908 6,229,236 5.71% 7.21% March 23, 2027
Mr. Wang Zhenggang 3,655,498 2,558,849 2.35% 2.96% March 23, 2027
Mr. Lyu Tao 1,658,522 1,160,965 1.06% 1.34% March 23, 2027
Ms. Ye Jing 4,146,298 2,902,409 2.66% 3.36% March 23, 2027
Ms. Guo Hui 4,146,298 2,902,409 2.66% 3.36% March 23, 2027
Ms. Lyu Xianglian 1,658,520 1,160,964 1.06% 1.34% March 23, 2027


--- page 7 ---
7
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
H Shares as
% of total
issued
H Shares
after the
Global
Offering
subject
to lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note
Yangzhou Zeying 7,568,406 5,297,884 4.86% 6.13% March 23, 2027
Yangzhou Zewu 9,771,438 6,840,007 6.27% 7.92% March 23, 2027
Subtotal 47,860,796 33,502,559 30.73% 38.79%
Note: All existing Shareholders (including the Controlling Shareholders) shall not dispose of any of the Shares held
by them within the 12 months following the Listing Date as required under the applicable PRC laws.
Other Existing Shareholders (including the Pre-IPO Investors as defined in the “History,
Development and Corporate Structure ” section of the Prospectus)
Name Note 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
H Shares as
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note 2
Golden Growth 7,583,672 7,583,672 6.96% 6.15% March 23, 2027
Qianzhan Yuanzhi 7,541,160 7,541,160 6.92% 6.11% March 23, 2027
Kenge Capital 5,775,372 5,775,372 5.30% 4.68% March 23, 2027
Suzhou Sushang 3,918,036 3,918,036 3.59% 3.18% March 23, 2027
Jiaxing Kailian 3,872,180 3,872,180 3.55% 3.14% March 23, 2027
Wenzhou Kechuang 3,601,446 3,601,446 3.30% 2.92% March 23, 2027
Jiaqiao Capital 3,361,660 3,361,660 3.08% 2.72% March 23, 2027
FAW Investment 2,848,442 2,848,442 2.61% 2.31% March 23, 2027
Changjiang Investment 2,780,702 2,780,702 2.55% 2.25% March 23, 2027
Binfu Capital 2,505,530 2,505,530 2.30% 2.03% March 23, 2027
Jiaxing Juntai 2,400,000 2,400,000 2.20% 1.94% March 23, 2027
Shunyi State Investment 2,305,976 2,305,976 2.11% 1.87% March 23, 2027
Huang Zhigang 2,232,714 2,232,714 2.05% 1.81% March 23, 2027
Lianshan Investment 1,458,684 1,458,684 1.34% 1.18% March 23, 2027
Gongqingcheng Yintai 1,452,068 1,452,068 1.33% 1.18% March 23, 2027


--- page 8 ---
8
Name Note 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
H Shares as
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
% of total
issued share
capital in the
Company
subject to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings Note 2
Gold Investment 1,181,672 1,181,672 1.08% 0.96% March 23, 2027
Anhui Jiaokong 1,181,672 1,181,672 1.08% 0.96% March 23, 2027
Ningbo Youfu 1,138,878 1,138,878 1.04% 0.92% March 23, 2027
Yangzhou Qizheng 1,027,650 1,027,650 0.94% 0.83% March 23, 2027
Yuhu Investment 455,696 455,696 0.42% 0.37% March 23, 2027
Zhao Huarong 290,412 290,412 0.27% 0.24% March 23, 2027
Zheng Yanhua 201,198 201,198 0.18% 0.16% March 23, 2027
Zhang Feng 193,150 193,150 0.18% 0.16% March 23, 2027
Subtotal 59,307,970 59,307,970 54.39% 48.06%
Notes:
(1) Please refer to the Prospectus for further details.
(2) The expiry date of the lock-up period shown in the table above is pursuant to applicable PRC laws. The
required lock-up for existing Shareholders ends on March 23, 2027, being 12 months following the Listing
Date.
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
% of
shareholding in
the Company
subject to
lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings
Yingke No. 1 1,244,300 1.14% 1.01% September 23, 2026
Hongkong High Tech 1,243,200 1.14% 1.01% September 23, 2026
Subtotal 2,487,500 2.28% 2.02%
Note: In accordance with the relevant cornerstone investment agreements, the required lock-up ends on September
23, 2026, being six months following the Listing Date. 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 9 ---
9
PLACEE CONCENTRATION ANALYSIS
Placees *
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 7,563,100 51.79% 46.61% 7,563,100 6.13%
Top 5 13,293,900 91.03% 81.93% 18,380,578 14.90%
Top 10 14,472,900 99.10% 89.19% 22,921,238 18.58%
Top 25 14,601,600 99.98% 89.99% 23,049,938 18.68%
Note:
* Ranking of placees is based on the number of Offer Shares allotted to the placees.
H SHAREHOLDERS 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 share
capital upon
Listing
Number of
Shares held
upon Listing
Top 1 0 0.00% 0.00% 33,502,559 30.73% 47,860,796
Top 5 7,563,100 51.79% 46.61% 61,965,863 56.83% 76,324,100
Top 10 12,918,900 88.46% 79.62% 83,560,217 76.63% 97,918,454
Top 25 13,967,900 95.65% 86.08% 106,093,669 97.30% 120,451,906
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
as % of
total issued
share capital
upon Listing
Top 1 0 0.00% 0.00% 33,502,559 47,860,796 38.79%
Top 5 7,563,100 51.79% 46.61% 61,965,863 76,324,100 61.85%
Top 10 12,918,900 88.46% 79.62% 83,560,217 97,918,454 79.35%
Top 25 13,967,900 95.65% 86.08% 106,093,669 120,451,906 97.61%
Note:
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.


--- page 10 ---
10
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
Number of
H Shares
applied for
Number.
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number
of H Shares
applied for
50 11,349 3,405 out of 11,349 applicants to receive 50 H Shares 30.00%
100 2,708 1,000 out of 2,708 applicants to receive 50 H Shares 18.46%
150 5,296 2,208 out of 5,296 applicants to receive 50 H Shares 13.90%
200 3,555 1,616 out of 3,555 applicants to receive 50 H Shares 11.36%
250 429 209 out of 429 applicants to receive 50 H Shares 9.74%
300 264 136 out of 264 applicants to receive 50 H Shares 8.59%
350 188 102 out of 188 applicants to receive 50 H Shares 7.75%
400 192 108 out of 192 applicants to receive 50 H Shares 7.03%
450 121 71 out of 121 applicants to receive 50 H Shares 6.52%
500 818 490 out of 818 applicants to receive 50 H Shares 5.99%
600 185 117 out of 185 applicants to receive 50 H Shares 5.27%
700 162 108 out of 162 applicants to receive 50 H Shares 4.76%
800 138 95 out of 138 applicants to receive 50 H Shares 4.30%
900 216 155 out of 216 applicants to receive 50 H Shares 3.99%
1,000 1,279 942 out of 1,279 applicants to receive 50 H Shares 3.68%
1,500 563 468 out of 563 applicants to receive 50 H Shares 2.77%
2,000 1,038 940 out of 1,038 applicants to receive 50 H Shares 2.26%
2,500 307 298 out of 307 applicants to receive 50 H Shares 1.94%
3,000 240 50 H Shares 1.67%
3,500 166 50 H Shares plus 12 out of 166 applicants to receive an additional 50 H Shares 1.53%
4,000 110 50 H Shares plus 13 out of 110 applicants to receive an additional 50 H Shares 1.40%
4,500 56 50 H Shares plus 9 out of 56 applicants to receive an additional 50 H Shares 1.29%
5,000 169 50 H Shares plus 33 out of 169 applicants to receive an additional 50 H Shares 1.20%
6,000 79 50 H Shares plus 21 out of 79 applicants to receive an additional 50 H Shares 1.05%
7,000 57 50 H Shares plus 19 out of 57 applicants to receive an additional 50 H Shares 0.95%
8,000 62 50 H Shares plus 24 out of 62 applicants to receive an additional 50 H Shares 0.87%
9,000 47 50 H Shares plus 20 out of 47 applicants to receive an additional 50 H Shares 0.79%
10,000 304 50 H Shares plus 142 out of 304 applicants to receive an additional 50 H Shares 0.73%
20,000 227 50 H Shares plus 183 out of 227 applicants to receive an additional 50 H Shares 0.45%


--- page 11 ---
11
Number of
H Shares
applied for
Number.
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number
of H Shares
applied for
30,000 149 100 H Shares 0.33%
40,000 94 100 H Shares plus 21 out of 94 applicants to receive an additional 50 H Shares 0.28%
50,000 111 100 H Shares plus 42 out of 111 applicants to receive an additional 50 H Shares 0.24%
60,000 52 100 H Shares plus 26 out of 52 applicants to receive an additional 50 H Shares 0.21%
70,000 28 100 H Shares plus 15 out of 28 applicants to receive an additional 50 H Shares 0.18%
80,000 24 100 H Shares plus 18 out of 24 applicants to receive an additional 50 H Shares 0.17%
90,000 20 100 H Shares plus 16 out of 20 applicants to receive an additional 50 H Shares 0.16%
100,000 224 150 H Shares 0.15%
Total 31,027 Total number of Pool A successful applicants: 14,687
Pool B
Number of
H Shares
applied for
Number.
of valid
applications Basis of allocation/ballot
Approximate
percentage
allotted of the
total number
of H Shares
applied for
200,000 92 3,600 H Shares plus 4 out of 92 applicants to receive an additional 50 H Shares 1.80%
300,000 27 5,300 H Shares 1.77%
400,000 17 7,000 H Shares 1.75%
500,000 9 8,700 H Shares 1.74%
600,000 2 10,350 H Shares 1.73%
700,000 3 12,000 H Shares 1.71%
811,300 6 13,800 H Shares 1.70%
Total 156 Total number of Pool B successful applicants: 156
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.


--- page 12 ---
12
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 final Offer Price in addition to any brokerage, AFRC
transaction levy, SFC transaction levy and trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Placing to close associates of existing Shareholders with a waiver under Rule 10.04 of the
Listing Rules and a prior consent under paragraph 1C(2) of the Placing Guidelines
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a waiver
from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph
1C(2) of the Placing Guidelines to permit the Company to allocate certain Offer Shares in the
International Offering to close associates of existing Shareholders as placees. The allocation
of Offer Shares to such close associates of existing Shareholders is in compliance with all the
conditions under the waiver/consent granted by the Stock Exchange.
For details of the allocations of Offer Shares to the close associates of existing Shareholders,
please refer to the section headed “Allotment Results Details – International Offering – Allottees
with Waivers/Consents Obtained ” in this announcement.
Placing to a connected client with prior consent under paragraph 1C(1) of the Placing
Guidelines and Chapter 4.15 of the Guide
The Company has applied to the Stock Exchange, and the Stock Exchange has granted, a consent
under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide to permit the
Company to allocate certain Offer Shares in the International Offering to a connected client as
a placee. The allocation of Offer Shares to such connected client is in compliance with all the
conditions under the consent granted by the Stock Exchange.


--- page 13 ---
13
Details of the placement to the connected client are set out below.
No.
Connected
distributor 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 share
capital after
the Global
Offering
1. Haitong International
Securities Company
Limited ( “HTI
Securities ”)
Guotai Junan
Investments (Hong
Kong) Limited
(“GTJAI”) Note 1
GTJAI is a member
of the same group
of HTI Securities
Non-discretionary
basis
325,000 2.00% 0.26%
Note:
(1) GTJAI proposes to subscribe for and hold the Offer Shares as a placee under the International Offering on
behalf of its ultimate client on a non-discretionary basis.
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. (ʮ̡ ) (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 an
ultimate client (the “GTHT Onshore Ultimate Client ”). 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 is Shenzhen Bridge Asset Management Co., Ltd., which is indirectly owned
as to approximately 86.57% by Mr. Xu Bo (تࢱTo the best knowledge of GTJAI after making all reasonable
enquiries, each of the GTHT Onshore Ultimate Client and its beneficial owners is an independent third party of
GTJAI, HTI Securities and the companies which are members of the same group of HTI Securities.
GTJAI is not a collective investment scheme which is not authorized by the SFC nor is expected to hold the
Offer Shares on behalf of such scheme.


--- page 14 ---
14
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 and applicable laws of each jurisdiction where those offers and sales occur.
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 March 16, 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 the Joint Sponsors and the 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
paragraph headed “Underwriting – Underwriting Arrangements and Expenses – The Hong Kong Public Offering –
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 March 24, 2026).


--- page 15 ---
15
PUBLIC FLOAT AND FREE FLOAT
Taking into consideration of the H Shares to be issued pursuant to the Global Offering, the public
float of our Company will be approximately 61.21% upon the Listing, which is higher than the
prescribed percentage of H Shares required to be held in public hands of 25% under Rule 8.08(1)
(as amended and replaced by Rule 19A.13A(1)) of the Listing Rules.
The Directors confirm that, immediately following the completion of the Global Offering, (i) 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; (ii) there will
not be any new substantial Shareholder (as defined in the Listing Rules) of the Company; (iii)
no placee will, individually, be placed more than 10% of the enlarged issued share capital of our
Company immediately after the Global Offering; 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.
The Cornerstone Investors have agreed to a lock-up period of six months following the Listing
Date and pursuant to the applicable PRC laws, each of the existing Shareholders of the Company
(including the Pre-IPO Investors) are not permitted to dispose of any of the Shares held by them
within the 12 months immediately following the Listing Date. As such, the H Shares held by the
Cornerstone Investors and existing Shareholders of the Company upon the Listing shall not be
counted towards the free float of the H Shares of the Company at the time of Listing. Based on an
Offer Price of HK$44.20 per H Share, the Company satisfies the free float requirement under Rule
19A.13C of the Listing Rules.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Tuesday, March
24, 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 – The 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 Tuesday,
March 24, 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 Tuesday, March 24, 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
2632.
By order of the Board
Jiangsu New Vision Automotive Electronics Co., Ltd.
Mr. Zhang Tao
Chairperson of the Board and Executive Director
Hong Kong, March 23, 2026
As at the date of this announcement, the Board comprises: (i) Mr. Zhang Tao, Mr. Zhang Bo and
Mr. Fan Xin as executive directors; (ii) Mr. Hu Bin, Mr. You Tianyu and Ms. Zheng Shiying
as non-executive directors; and (iii) Ms. Young Meng Ying, Ms. Sun Hui and Prof. Bai Jian as
independent non-executive directors.