hk-ipo/data/extracted_text/06656/allotment_results_2026-04-15_2026041501574.txt

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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. The Offer Shares
are being offered and sold outside the United States in offshore transactions in accordance with 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. 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 April 8, 2026 (the “Prospectus ”) issued by Sigenergy Technology Co., Ltd. (อঐ
๕(ɪऎ)ʮ̡ ) (the “Company ”).
In connection with the Global Offering, CLSA Limited as stabilizing manager (the “Stabilization Manager ”) (or its
affiliates or any person acting for it), on behalf of the Underwriters, the extent permitted by the applicable laws and
regulatory requirements of Hong Kong or elsewhere, may over-allocate or effect transactions with a view to stabilizing
or supporting the market price of the H Shares at such price, in such amounts and in such manners as the Stabilizing
Manager, its affiliates or any person acting for it may determine and at a level higher than that which might otherwise
prevail for a limited period after the Listing Date. However, there is no obligation on the Stabilizing Manager (or its
affiliates or any person acting for it) to conduct any such stabilizing action. Such stabilizing action, if taken, (a) will
be conducted at the absolute discretion of the Stabilization Manager (or its affiliates or any person acting for it) and
in what the Stabilizing Manager reasonably regards as the best interest of our Company, (b) may be discontinued at
any time and (c) is required to be brought to an end within 30 days of the last day for lodging applications under the
Hong Kong Public Offering, being Wednesday, May 13, 2026. Such stabilizing action, if taken, may be effected in all
jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory
requirements, including the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong
Kong), as amended, made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Potential investors should be aware that no stabilizing action can be taken to support the price of the H Shares for
longer than the stabilization period, which will begin on the Listing Date, and is expected to expire on the 30th day
after the last day for lodging applications under the Hong Kong Public Offering. After this date, when no further
stabilizing action may be taken, demand for the H Shares, and therefore the price of the H Shares, could fall.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms and conditions set out in
the Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside Hong Kong and/or not
resident in Hong Kong. Potential investors of the Offer Shares should note that the Joint Sponsors and the Sponsor-
Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their
obligations under the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the
events set out in the section headed “Underwriting {  Underwriting Arrangements {  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.


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2
Sigenergy Technology Co., Ltd.
(อঐ๕ ( ɪऎ )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
: 13,573,900 H Shares (subject to the Over-
 allotment Option)
Number of Hong Kong Offer Shares : 1,357,400 H Shares
Number of International Offer Shares : 12,216,500 H Shares (subject to
 the Over-allotment Option)
Offer Price : HK$324.20 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% (payable in full on
 application in Hong Kong dollars and
 subject to refund)
Nominal value : RMB0.1 per H Share
Stock code : 6656
Joint Sponsors, Sponsor-Overall Coordinators, Overall Coordinators, Joint Global
Coordinators, Joint Bookrunners and Joint Lead Managers
Other Overall Coordinator, Joint Global Coordinator,
Joint Bookrunner and Joint Lead Manager


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Sigenergy Technology Co., Ltd.
思格新能源(上海)股份有限公司

ANNOUNCEMENT OF ALLOTMENT RESULTS

Unless otherwise defined herein, capitalized terms used in this announcement shall have the
same respective meanings as those defined in the prospectus dated April 8, 2026 (the
“Prospectus”) issued by Sigenergy Technology Co., Ltd. (思格新能源(上海)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 6656
Stock Short Name SIGENERGY
Dealings commencement date April 16, 2026*
* see note at the end of the announcement

Price Information
Offer Price HK$324.20

Offer Shares and Share Capital
Number of Offer Shares (before exercise
of the Over-allotment Option)
13,573,900
Final number of Offer Shares in Hong
Kong Public Offering
1,357,400
Final number of Offer Shares in
International Offering
12,216,500
Number of issued Shares upon Listing
(before exercise of the Over-allotment
Option)
246,796,930

Over-allocation
No. of Offer Shares over-allocated 2,036,000
Such over-allocation may be covered by exercising the Over-allotment Option or by making
purchases in the secondary market at prices that do not exceed the Offer Price or through
deferred delivery or a combination of these means. In the event the Over-allotment Option
is exercised, an announcement will be made on the Stock Exchange’ s website.


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Proceeds
Gross proceeds (Note) HK$4,400.7 million
Less: Estimated listing expenses
payable based on Final Offer
Price
HK$210.8 million
Net Proceeds HK$4,189.9 million
Note: Gross proceeds refers to the amount which the Company is entitled to receive. For
details of the use of proceeds, please refer to the section headed “Future Plans and Use of
Proceeds” of the Prospectus. The Company will adjust the allocation of the net proceeds
from the exercise of the Over-allotment Option (if any) for the purposes as set out in the
section headed “Future Plans and Use of Proceeds” of the Prospectus on a pro rata basis.

ALLOTMENT RESULTS DETAILS

HONG KONG PUBLIC OFFERING


No. of valid applications 202,730
No. of successful applications 13,517
Subscription level 1,102.05 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong
Public Offering
1,357,400
Final no. of Offer Shares under the Hong Kong Public
Offering
1,357,400
% of Offer Shares under the Hong Kong Public Offering to
the Global Offering
10.0%
Note: For details of the final allocation of H Shares to the Hong Kong Public Offering,
investors can refer to www.hkeipo.hk/IPOResult to perform a search by name or identification
number or www.hkeipo.hk/IPOResult for the full list of allottees.

INTERNATIONAL OFFERING


No. of placees 428
Subscription Level 31.2 times
No. of Offer Shares initially available under the International Offering 12,216,500
Final no. of Offer Shares under the International Offering  12,216,500
% of Offer Shares under the International Offering to the Global
Offering
90.0%

The Directors confirm that, to the best of their knowledge, information and belief, save for (a)
a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under
paragraph 1C(2) of Appendix F1 to the Listing Rules (the “Placing Guidelines”) granted by


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the Stock Exchange to permit H Shares in the International Offering to be placed to close
associates of certain existing Shareholders, and (b) a consent under Chapter 4.15 of the Guide
for New Listing Applicants to permit the Company to, among other things, allocate further H
Shares in the International Offering to certain Cornerstone Investors and/or their respective
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, Supervisors, chief
executive of the Company, 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, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their
respective close associates in relation to the acquisition, disposal, voting or other disposition
of H Shares registered in his/her/its name or otherwise held by him/her/it.

The placees in the International Offering include the following:

Cornerstone Investors

Investor
No. of Offer
Shares
allocated Note 1
% of total
issued H Shares
after the Global
Offering
(assuming the
Over-allotment
Option is not
exercised)
% of total issued
share capital
after the Global
Offering
(assuming the
Over-allotment
Option is not
exercised)
Existing
shareholders or
their close
associates Note 2
Aranda
Investments
Pte. Ltd
(“Aranda”) 797,200 0.57% 0.32% No
Shanghai
Lujiazui
(Group) Co.,
Ltd.
(GUOTAI
JUNAN
INVESTMEN
TS (HONG
KONG)
LIMITED
OTC Swap) 697,900 0.50% 0.28% No
Goldman
Sachs Asset
Management 507,300 0.36% 0.21% No


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(Hong Kong)
Limited
(“GSAM”)
HHLR
Advisors, Ltd.
(“HHLRA”) 338,200 0.24% 0.14% No
Hillhouse
Investment
Management,
Ltd. (“HIM”) 169,100 0.12% 0.07% No
UBS Asset
Management
(Singapore)
Ltd. (“UBS
AM
Singapore”) 507,300 0.36% 0.21% No
AXA
Investment
Managers UK
Limited
(“AXA IM”) 362,300 0.26% 0.15% No
CPE Energy
Investment
Limited
(“CPE
Energy”) 362,300 0.26% 0.15% No
Lazurite Hime
L.P.  362,300 0.26% 0.15% No
Baring Asset
Management
(Asia) Limited
(“Barings”) 241,500 0.17% 0.10% No
Charoen
Pokphand
Robot Limited
(“Charoen
Pokphand”) 241,500 0.17% 0.10% No
CPIC
Investment
Management
(H.K.)
Company
Limited
(“CPIC 241,500 0.17% 0.10% No


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IMHK”)
Fullgoal Asset
Management
(HK) Limited
(“Fullgoal
HK”) 72,500 0.05% 0.03% No
Fullgoal Fund
Management
Co., Ltd.
(“Fullgoal
Fund”) 169,000 0.12% 0.07% No
Greenwoods
Asset
Management
Hong Kong
Limited (“HK
Greenwoods”
) 241,500 0.17% 0.10% No
Huadeng
Technology
Space
V entures Ltd
(“Huadeng
Technology”) 241,500 0.17% 0.10% No
ICBC Wealth
Management
Co., Ltd.
(“ICBC
Wealth”) 241,500 0.17% 0.10% No
Perseverance
Asset
Management
International
(Singapore)
Pte. Ltd.
(“Perseveranc
e Asset
Management
”) 241,500 0.17% 0.10% No
Scene Cloud
Global
Limited
(“Scene
Cloud”) 241,500 0.17% 0.10% No


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Tropical
Terrain
Limited 241,500 0.17% 0.10% No
3W Fund
Management
Limited (“3W
Fund”) 241,500 0.17% 0.10% No
Total 6,760,400 4.84% 2.74% -
Notes:
(1) The number of Offer Shares allocated to such investor only represents the number of Offer Shares
allocated to the investors as cornerstone investors in the International Offering. For allocations of
Offer Shares to the relevant investor and/or its close associates as placee, please refer to the section
headed “Allotment Results Details — International Offering — Allotee with waivers/ consents
obtained” in this announcement.
(2) In addition to the Offer Shares subscribed for as Cornerstone Investors, Aranda, GSAM, HHLRA,
UBS AM Singapore, AXA IM, CPE Energy, Lazurite Hime L.P ., CPIC IMHK and/or their respective
close associates, where applicable, were allocated further Offer Shares as placees in the
International Offering. Please refer to the section headed “Allotment Results Details – International
Offer – Allotee with waivers/consents obtained” in this announcement for details. Only the Offer
Shares subscribed for as Cornerstone Investors are subject to lock-up as indicated below. For
details, please refer to the section headed “Lock-up Undertakings – Cornerstone Investors” in this
announcement.

Allottee with waivers/consents obtained

Investor
No. of Offer
Shares allocated
% of total
issued H
Shares after
the Global
Offering
(assuming
the Over-
allotment
Option is
not
exercised
% of total
issued share
capital after
the Global
Offering
(assuming
the Over-
allotment
Option is
not
exercised  Relationship
Allotees with a waiver from strict compliance with Rule 10.04 of the Listing Rules and a
consent under Paragraph 1C of Appendix F1 to the Listing Rules
Eastern Bell
Capital VIII
Investment
Limited (“Eastern
Bell Capital
Investment”)Note 1 36,000  0.03% 0.01%
Close associate
of Jiaxing Dingyun


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Mr. Pan Jian (潘
健) Note 2 24,000 0.02% 0.01%
Close associate
of Andaman
International
Allotees with consent under paragraph 1C(2) of the Placing Guidelines and paragraph 18
of Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations of further
H Shares to investors who will participate in the Global Offering both as (i) a cornerstone
investor and (ii) a placee in the International Offering Note 3
Temasek Group  289,800  0.21% 0.12%
Close associate of a
Cornerstone Investor
Goldman Sachs
Asset
Management
(Singapore) Pte.
Ltd. 96,400  0.07% 0.04%
Close associate of a
Cornerstone Investor
HHLRA 168,400  0.12% 0.07% Cornerstone Investor
UBS Global AM
(SG) 96,400  0.07% 0.04%
Close associate of a
Cornerstone Investor
AXA IM 48,000  0.03% 0.02% Cornerstone Investor
CPE GROWTH
FUND #1; Guotai
Junan Investments
(Hong Kong)
Limited -
Yuanfeng Asset
Management
L.L.P. 96,500  0.07% 0.04%
Close associates of a
Cornerstone Investor
Lazurite Hime
L.P. 11,750  0.01% 0.00%* Cornerstone Investor
CPIC IMHK 11,750  0.01% 0.00%* Cornerstone Investor
Allotees with consent under paragraph 1C(1) of the Placing Guidelines and paragraph 6 of
Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations to connected
clients Note 4
CITIC Securities
International
Capital
Management
Limited (“CSI”) 68,300  0.05% 0.03%
CSI is a member of the
same group of
companies as CLSA
Limited (“CLSA”)
China Galaxy
International
Investment
Company Limited
(“CGII”) 87,200  0.06% 0.04%
CGII is a member of the
same group of
companies as China
China Galaxy
International
Securities


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(Hong Kong) Co.,
Limited (“CGIS”)
AXA IM 362,300  0.26% 0.15%
AXA IM is a member of
the same group of
companies as BNP
Paribas Securities (Asia)
Limited (“BNPP”)
CITIC Securities
Asset
Management
Company Limited
(“CITIC Asset
Management”) 10,400  0.01% 0.00%*
CITIC Asset
Management is a
member of the same
group of companies as
CLSA
CITIC Securities
Asset
management (HK)
Limited (“CITIC
AM HK”) 1,800  0.00%* 0.00%*
CITIC AM HK is a
member of the same
group of companies as
CLSA
China Asset
Management
(Hong Kong)
Limited (“China
AMC HK”) 24,000  0.02% 0.01%
China AMC HK is a
member of the same
group of companies as
CLSA
Notes:

* Percentage less than 0.005%

1. Eastern Bell Capital Investment is a fellow subsidiary of Jiaxing Dingyun, both of which are subject
to the common ultimate statutory control of Yan Li (嚴 力). Therefore, Eastern Bell Capital
Investment is a close associate of Jiaxing Dingyun, an existing Shareholder.

2. Mr . Pan Jian (潘健) wholly owns Andaman International. Therefore, Mr . Pan Jian (潘健) is a close
associate of Andaman International, an existing Shareholder.

3. The number of Offer Shares allocated to the relevant investors listed in this subsection only
represents the number of Offer Shares allocated to the investors as placees in the International
Offering. For allocations of Offer Shares to the relevant investors as Cornerstone Investors, please
refer to the section headed “Allotment Results Details – International Offer – Cornerstone
Investors” in this announcement. For details of the consent under Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations of further H Shares to the cornerstone investors
and/or their close associates, please refer to the section headed “Others/Additional Information –
Allocation of Offer Shares to Investors Who Will Participate in the Global Offering both as (i) a
Cornerstone Investor and (ii) a Placee in the International Offering with consents under Chapter
4.15 of the Guide for New Listing Applicants” in this announcement.


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4. For details of the consent under paragraph 1C(1) of the Placing Guidelines and paragraph 6 of
Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations to connected clients,
please refer to the section headed “Others / Additional Information – Placing to connected clients
with prior consents under paragraph 1C(1) of the Placing Guidelines” in this announcement.


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LOCK-UP UNDERTAKINGS

Existing Shareholders (excluding Pre-IPO Investors)

Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon Listing
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
(assuming
the Over-
allotment
Option is not
exercised)
% of
shareholding
in the
Company
subject to
lock-up
undertakings
upon Listing
(assuming
the Over-
allotment
Option is not
exercised)
Last day
subject to the
lock-up
undertakings
Note
Controlling Shareholders
Mr. Xu
Yingtong 23,745,860  6,829,380 4.89% 9.62% April 15, 2027
Jiaxing
Ouji 15,000,000  6,710,000 4.80% 6.08% April 15, 2027
Jiaxing
Gulin 18,330,000  6,110,000 4.37% 7.43% April 15, 2027
Jiaxing
Mailin 49,145,280  14,134,330 10.12% 19.91% April 15, 2027
Jiaxing
Maita 8,725,150  8,725,150 6.24% 3.54% April 15, 2027
Other Existing Shareholder
Mr. Zhang
Xianmiao 2,915,290  2,915,290 2.09% 1.18% April 15, 2027
Note: The expiry date of the lock-up period is pursuant to the PRC Company Law, which is longer
than the lock-up period required for controlling shareholders under Rule 10.07 of the Listing Rules.

Pre-IPO Investors

Name
Number of
Shares held
in the
Company
subject to
lock-up
undertaking
Number of
H Shares
held in the
Company
subject to
lock-up
undertaking
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
% of
shareholdin
g in the
Company
subject to
lock-up
undertaking
Last day
subject to
the lock-up
undertaking
s Note


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s upon
Listing
s upon
Listing
undertaking
s upon
Listing
(assuming
the Over-
allotment
Option is
not
exercised)
s upon
Listing
(assuming
the Over-
allotment
Option is not
exercised)
Jiaxing
Qianzhusong 17,311,370 5,740,400 4.11% 9.34% April 15, 2027
Zhuhai
Meiheng 13,894,736  20,842,104 14.92% 14.08% April 15, 2027
Guangzhou
Huaxin 19,078,950  19,078,950 13.65% 7.73% April 15, 2027
Jiaxing
Dingyun 6,705,260  6,705,260 4.80% 2.72% April 15, 2027
Andaman
International 3,421,053  1,710,527 1.22% 2.08% April 15, 2027
Hangzhou
Yiyun 3,719,260  3,719,260 2.66% 1.51% April 15, 2027
Shanghai
Yusong 3,684,210  3,684,210 2.64% 1.49% April 15, 2027
Jiaxing Yuzai 3,421,050 3,421,050 2.45% 1.39% April 15, 2027
Xingxu New
Energy 3,187,940  3,187,940 2.28% 1.29% April 15, 2027
Gonqingchen
g Yunteng 2,905,610  2,905,610 2.08% 1.18% April 15, 2027
Jinan V Fund 2,235,090 2,235,090 1.60% 0.91% April 15, 2027
Xiamen
Xiaoyu 2,235,090  2,235,090 1.60% 0.91% April 15, 2027
TTGG
Ventures 1,593,970  1,593,970 1.14% 0.65% April 15, 2027
Jiefeng
Technology 1,578,950  1,578,950 1.13% 0.64% April 15, 2027
Suzhou V
Fund 1,564,560  1,564,560 1.12% 0.63% April 15, 2027
Xingxu
Yaoneng 531,320  531,320 0.38% 0.22% April 15, 2027
Note: The expiry date of the lock-up period is pursuant to the PRC Company Law.

Cornerstone Investors

Name Number of H % of total % of Last day


--- page 14 ---
Shares held in the
Company subject to
lock-up
undertakings upon
Listing
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
(assuming the
Over-
allotment
Option is not
exercised)
shareholding
in the
Company
subject to
lock-up
undertakings
upon Listing
(assuming
the Over-
allotment
Option is not
exercised)
subject to the
lock-up
undertakings
Note
Aranda  797,200  0.57% 0.32%
October 15,
2026
Shanghai Lujiazui
(Group) Co., Ltd.
(GUOTAI JUNAN
INVESTMENTS
(HONG KONG)
LIMITED OTC
Swap) 697,900  0.50% 0.28%
October 15,
2026
GSAM 507,300  0.36% 0.21%
October 15,
2026
HHLRA 338,200  0.24% 0.14%
October 15,
2026
HIM 169,100  0.12% 0.07%
October 15,
2026
UBS AM Singapore 507,300  0.36% 0.21%
October 15,
2026
AXA IM 362,300  0.26% 0.15%
October 15,
2026
CPE Energy  362,300  0.26% 0.15%
October 15,
2026
Lazurite Hime L.P.  362,300  0.26% 0.15%
October 15,
2026
Barings 241,500  0.17% 0.10%
October 15,
2026
Charoen Pokphand  241,500  0.17% 0.10%
October 15,
2026
CPIC IMHK 241,500  0.17% 0.10%
October 15,
2026
Fullgoal HK 72,500  0.05% 0.03%
October 15,
2026


--- page 15 ---
Fullgoal Fund 169,000  0.12% 0.07%
October 15,
2026
HK Greenwoods 241,500  0.17% 0.10%
October 15,
2026
Huadeng Technology  241,500 0.17% 0.10%
October 15,
2026
ICBC Wealth  241,500  0.17% 0.10%
October 15,
2026
Perseverance Asset
Management  241,500  0.17% 0.10%
October 15,
2026
Scene Cloud  241,500  0.17% 0.10%
October 15,
2026
Tropical Terrain
Limited 241,500  0.17% 0.10%
October 15,
2026
3W Fund  241,500  0.17% 0.10%
October 15,
2026
Note: In accordance with the relevant cornerstone investment agreements, the required lock-up ends
on October 15, 2026. The Cornerstone Investors will cease to be prohibited from disposing of or
transferring H Shares subscribed for pursuant to the relevant cornerstone investment agreements
after the indicated date.

PLACEE CONCENTRATION ANALYSIS

Placee
s*
Numbe
r of H
Shares
allotte
d
Allotment
as % of
Internatio
nal
Offering
(assuming
no
exercise of
the Over-
allotment
Option)
Allotment
as % of
Internatio
nal
Offering
(assuming
the Over-
allotment
Option is
fully
exercised
and new
H Shares
are
issued)
Allotme
nt as %
of total
Offer
Shares
(assumi
ng no
exercise
of the
Over-
allotme
nt
Option)
Allotme
nt as %
of total
Offer
Shares
(assumi
ng the
Over-
allotme
nt
Option
is fully
exercise
d and
new H
Shares
are
issued)
Numbe
r of H
Shares
held
upon
Listing
% of
total
issued
share
capital
upon
Listing
(assumi
ng no
exercise
of the
Over-
allotme
nt
Option)
% of
total
issued
share
capital
upon
Listing
(assumi
ng the
Over-
allotme
nt
Option
is fully
exercise
d and
new H
Shares
are
issued)


--- page 16 ---
Top 1

1,087,0
00
8.90% 7.63% 8.01% 6.96%

1,087,0
00
0.44% 0.44%
Top 5

3,668,0
00
30.02% 25.74% 27.02% 23.50%

3,668,0
00
1.49% 1.47%
Top 10

5,562,9
50
45.54% 39.03% 40.98% 35.64%

5,562,9
50
2.25% 2.24%
Top 25

8,954,7
00
73.30% 62.83% 65.97% 57.37%

8,954,7
00
3.63% 3.60%

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

H SHAREHOLDERS CONCENTRATION ANALYSIS

H
Sharehol
ders *
Numb
er of
H
Shares
allotte
d
Allotmen
t as % of
Internati
onal
Offering
(assumin
g no
exercise
of the
Over-
allotment
Option)
Allotmen
t as % of
Internati
onal
Offering
(assumin
g the
Over-
allotment
Option is
fully
exercised
and new
H Shares
are
issued)
Allotm
ent
as %
of total
Offer
Shares
(assum
ing no
exercis
e of the
Over-
allotm
ent
Option
)
Allotm
ent
as %
of total
Offer
Shares
(assum
ing the
Over-
allotme
nt
Option
is fully
exercis
ed and
new H
Shares
are
issued)
Numbe
r of H
Shares
held
upon
Listing
% of
total
issued
H
share
capital
upon
Listing
(assum
ing no
exercis
e of the
Over-
allotme
nt
Option
)
% of
total
issued
H
share
capital
upon
Listing
(assum
ing the
Over-
allotme
nt
Option
is fully
exercis
ed and
new H
Shares
are
issued)
Top 1 - 0.00% 0.00% 0.00% 0.00% 20,842,1
04 14.92% 14.70%
Top 5 - 0.00% 0.00% 0.00% 0.00% 69,609,9
14  49.82% 49.10%
Top 10 36,000 0.29% 0.25% 0.27% 0.23% 98,630,8 70.59% 69.57%


--- page 17 ---
34
Top 25 3,100,
300 25.38% 21.75% 22.84% 19.86% 128,727,
421 92.12% 90.80%

Note
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders
upon Listing.

SHAREHOLDER CONCENTRATION ANALYSIS

Shareh
older s*
Nu
mbe
r of
H
Sha
res
allot
ted
Allotme
nt as %
of
Internat
ional
Offerin
g
(assumi
ng no
exercise
of the
Over-
allotme
nt
Option)
Allotme
nt as %
of
Internat
ional
Offerin
g
(assumi
ng the
Over-
allotme
nt
Option
is fully
exercise
d and
new H
Shares
are
issued)
Allot
ment
as %
of
total
Offer
Share
s
(assu
ming
no
exerci
se of
the
Over-
allotm
ent
Optio
n)
Allot
ment
as %
of
total
Offer
Share
s
(assu
ming
the
Over-
allotm
ent
Optio
n is
fully
exerci
sed
and
new H
Share
s are
issued
)
Numb
er of H
Shares
held
upon
Listing
Numbe
r of
Shares
held
upon
Listing
% of
total
issued
share
capita
l upon
Listin
g
(assu
ming
no
exerci
se of
the
Over-
allotm
ent
Optio
n)
% of
total
issued
share
capita
l upon
Listin
g
(assu
ming
the
Over-
allotm
ent
Optio
n is
fully
exerci
sed
and
new H
Share
s are
issued
)
Top 1 - 0.00% 0.00% 0.00% 0.00% 14,134,
330
49,145,
280
19.91
%
19.75
%
Top 5 - 0.00% 0.00% 0.00% 0.00% 66,625,
164
149,75
8,700
60.68
%
60.18
%
Top 10 60,000 0.49% 0.42% 0.44% 0.38% 96,646,
101
203,71
0,690
82.54
%
81.87
%
Top 25 3,124,
300  25.57% 21.92% 23.02
%
20.01
%
128,75
1,421
235,81
6,010
95.55
%
94.77
%


--- page 18 ---
Note
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the
Shareholder upon Listing.


--- page 19 ---
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 SHARES
APPLIED FOR
NO. OF V ALID
APPLICATIONS
BASIS OF
ALLOTMENT /
BALLOT
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE TOTAL NO.
OF H SHARES
APPLIED FOR
POOL A
100 93,509 1,871 out of 93,509
applicants to receive
100 H Shares
2.00%
200 9,671 291 out of 9,671
applicants to receive
100 H Shares
1.50%
300 9,338 281 out of 9,338
applicants to receive
100 H Shares
1.00%
400 3,118 112 out of 3,118
applicants to receive
100 H Shares
0.90%
500 3,878 144 out of 3,878
applicants to receive
100 H Shares
0.74%
600 2,470 92 out of 2,470
applicants to receive
100 H Shares
0.62%
700 1,716 65 out of 1,716
applicants to receive
100 H Shares
0.54%
800 1,562 63 out of 1,562
applicants to receive
100 H Shares
0.50%
900 1,241 51 out of 1,241
applicants to receive
100 H Shares
0.46%
1,000 10,934 437 out of 10,934
applicants to receive
100 H Shares
0.40%
1,500 4,902 221 out of 4,902
applicants to receive
0.30%


--- page 20 ---
100 H Shares
2,000 4,339 200 out of 4,339
applicants to receive
100 H Shares
0.23%
2,500 2,597 137 out of 2,597
applicants to receive
100 H Shares
0.21%
3,000 2,985 180 out of 2,985
applicants to receive
100 H Shares
0.20%
3,500 2,056 137 out of 2,056
applicants to receive
100 H Shares
0.19%
4,000 1,701 123 out of 1,701
applicants to receive
100 H Shares
0.18%
4,500 1,288 99 out of 1,288
applicants to receive
100 H Shares
0.17%
5,000 2,688 216 out of 2,688
applicants to receive
100 H Shares
0.16%
6,000 2,218 200 out of 2,218
applicants to receive
100 H Shares
0.15%
7,000 1,817 179 out of 1,817
applicants to receive
100 H Shares
0.14%
8,000 1,452 152 out of 1,452
applicants to receive
100 H Shares
0.13%
9,000 1,233 134 out of 1,233
applicants to receive
100 H Shares
0.12%
10,000 12,739 1,402 out of 12,739
applicants to receive
100 H Shares
0.11%

179,452
Total number of
Pool A successful
applicants: 6,787

POOL B
20,000 11,585 2,317 out of 11,585
applicants to receive
100 H Shares
0.10%


--- page 21 ---
30,000 3,210 792 out of 3,210
applicants to receive
100 H Shares
0.08%
40,000 1,783 510 out of 1,783
applicants to receive
100 H Shares
0.07%
50,000 1,308 420 out of 1,308
applicants to receive
100 H Shares
0.06%
60,000 947 334 out of 947
applicants to receive
100 H Shares
0.06%
70,000 671 257 out of 671
applicants to receive
100 H Shares
0.05%
80,000 533 219 out of 533
applicants to receive
100 H Shares
0.05%
90,000 340 148 out of 340
applicants to receive
100 H Shares
0.05%
100,000 1,711 786 out of 1,711
applicants to receive
100 H Shares
0.05%
200,000 559 367 out of 559
applicants to receive
100 H Shares
0.03%
300,000 243 197 out of 243
applicants to receive
100 H Shares
0.03%
400,000 98 93 out of 98 applicants
to receive 100 H
Shares
0.02%
500,000 53 100 H Shares 0.02%
600,000 29 100 H Shares plus 5
out of 29 applicants to
receive an additional
100 H Shares
0.02%
678,700 208 100 H Shares plus 52
out of 208 applicants
to receive an
additional 100 H
Shares
0.02%
 23,278 Total number of


--- page 22 ---
Pool B successful
applicants: 6,730

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

OTHERS / ADDITIONAL INFORMATION

Allocations of Offer Shares to close associates of existing Shareholders with a waiver 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 Company has applied to the Stock Exchange for, and the Stock Exchange has granted to
the Company, a waiver from strict compliance with the requirements under Rule 10.04 and a
prior written consent under paragraph 1C of Appendix F1 to the Listing Rules to permit Offer
Shares in the International Offering to be placed to each of Eastern Bell Capital Investment and
Mr. Pan Jian (潘 健), a close associate of Jiaxing Dingyun and Andaman International,
respectively, each an existing Shareholder, on the conditions that each of Jiaxing Dingyun
(together with Eastern Bell Capital Investment) and Andaman International (together with Mr.
Pan Jian (潘健)):

(a) holds less than 5% of the total number of Shares in issue of our Company prior to the
completion of the Global Offering;

(b) is not and will not become (upon the completion of the Global Offering) a core connected
person of the Company or the close associate of any such core connected person;

(c) does not have the right to appoint a Director and/or have any other special rights;

(d) will not affect the Company’s ability to satisfy the public float requirement as prescribed
by the Stock Exchange under Rule 8.08 of the Listing Rules upon being allocated with the
relevant number of Offer Shares; and


--- page 23 ---
(e) have not been given preferential treatment.

For details of the allocations of Offer Shares to a close associate of an existing Shareholder,
please refer to the section headed “Allotment Results Details – International Offer – Allotees
with Waivers/Consents Obtained” in this announcement.

Allocation of Offer Shares to investors who will participate in the Global Offering both as (i)
a Cornerstone Investor and (ii) a placee in the International Offering with consents under
Chapter 4.15 of the Guide for New Listing Applicants

The Company has applied to, and the Stock Exchange has granted, a waiver/consent under
paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants to permit the Company
to allocate further Offer Shares in the International Offering to the relevant Cornerstone
Investors and/or their close associates as placees, subject to the following conditions:

(a) the final offering size of the Global Offering (excluding any additional H Shares which may
be issued upon exercise of the Over-allotment Option) will be of a total value of at least
HK$1 billion as required by paragraph 18(i) of Chapter 4.15 of the Guide for New Listing
Applicants;

(b) where relevant, the Offer Shares allocated to all existing shareholders and their close
associates (whether as cornerstone investors and/or as placees) as permitted under this
exemption do not exceed 30% of the total number of the H Shares offered, which is in
compliance with paragraph 18(ii) of Chapter 4.15 of the Guide for New Listing Applicants;

(c) each Director, chief executive, Controlling Shareholder and Supervisor of the Company
has confirmed that no securities have been allocated to them or their respective close
associates under the Size-based Exemption as required by paragraph 18(iii) of Chapter 4.15
of the Guide for New Listing Applicants;

(d) the Company will comply with the public float requirement under Rule 8.08(1) (as
amended and replaced by Rule 19A.13A) of the Listing Rules; and

(e) details of the allocation to such investors under the exemption will be disclosed in this
announcement.

Such allocations of Offer Shares are in compliance with all the conditions under the consent
granted by the Stock Exchange.

For details of the allocations of Offer Shares to investors who will participate in the Global
Offering both as (i) a cornerstone investor and (ii) a placee in the International Offering, please
refer to the section headed “Allotment Results Details – International Offer – Allotees with
Waivers/Consents Obtained” in this announcement.


--- page 24 ---
Placing to connected clients with prior consents under paragraph 1C(1) of the Placing
Guidelines

The Company has applied for, and the Stock Exchange has granted, consents under paragraph
1C(1) of the Placing Guidelines to permit allocation to connected clients pursuant to the Placing
Guidelines. 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 (including the cornerstone tranche and placing tranche) are set out below.


--- page 25 ---
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 partis
Whether the
Connected
Client is a
collective
investment
scheme which is
not authorised
by the SFC or is
expected to hold
the Offer Shares
on behalf of
such scheme
Number of Offer
Shares to be
allocated to the
connected client
Approximate
percentage
of Offer
Shares
(assuming no
exercise of
the Over-
allotment
Option)
Approximate
percentage
of total
issued share
capital after
the Global
Offering
(assuming no
exercise of
the Over-
allotment
Option)
1.  CLSA  CSI CSI is a
member of the
same group of
companies as
CLSA
Non-
discretionary
basis
No 68,300 0.50% 0.03%
2.  CGIS CGII CGII is a
member of the
same group of
companies as
CGIS
Non-
discretionary
basis
No 87,200 0.64% 0.04%
3.  BNPP AXA IM Note
1
AXA IM is a
member of the
same group of
companies as
Discretionary
basis
Yes 362,300 2.67% 0.15%


--- page 26 ---
BNPP.
4.  CLSA CITIC Asset
Management
CITIC Asset
Management
is a member of
the same
group of
companies as
CLSA
Discretionary
basis
CITIC Asset
Management is
expected to hold
the Offer Shares
on behalf of such
scheme
10,400 0.08% 0.00%*
5.  CLSA CITIC AM
HK
CITIC AM
HK is a
member of the
same group of
companies as
CLSA
Discretionary
basis
No 1,800 0.01% 0.00%*
6.  CLSA China AMC
HK
China AMC
HK is a
member of the
same group of
companies as
CLSA
Discretionary
basis
No 24,000 0.18% 0.01%

Notes:

* Percentage less than 0.005%


--- page 27 ---
(1) CSI

CSI will hold the Offer Shares as a placee under the International Offering on behalf of its ultimate clients (the “CSI Ultimate Clients”), on a non-discretionary
basis, pursuant to which: (i) 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 it in connection with a total return swap order (the “CSI Client TRS”) placed and fully funded by the CSI Ultimate Clients, by which CSI will pass the
full economic exposure of the Offer Shares placed to CSI to the CSI Ultimate Clients; and (ii) as confirmed by CSI and CLSA, CSI will hold the legal title and
beneficial interest in the Offer Shares, but will contractually agree to pass on the full economic exposure and return of the Offer Shares to the CSI Ultimate
Clients, on a non-discretionary basis. The CSI Ultimate Clients may exercise their early termination rights to terminate the CSI Client TRS at any time from the
trade date of the CSI Client TRS which should be on or after the date on which the Offer Shares are listed on the Stock Exchange; (iii) upon the final maturity
or termination of the CSI Client TRS by the CSI Ultimate Clients, CSI will dispose of the Offer Shares on the secondary market and the CSI Ultimate Clients
will receive a final termination amount of the CSI Back-to-back TRS which will have taken into account all the economic returns or economic loss in relation
to the Offer Shares and the fixed amount of transaction fees of the CSI Back- to-back TRS and the CSI Client TRS. Due to its internal policy, CSI will not
exercise the voting right of the Offer Shares during the terms of the CSI Back-to-back TRS; and (iv) CSI 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.

The details of the CSI Ultimate Clients are as follows:

Name  Fund Manager UBO of Fund Manager
Limited Partner/Shareholding
holding 30% or more in the CSI
Ultimate Clients
Tongyi Taoli No.1 Private
Securities Investment Fund (通怡
桃李1號私募證券投資基金)
Shanghai Tongyi Investment Management
Co., Ltd. (上海通怡投資管理有限公司) Chu Yibo (儲貽波) Wang Jing ( 王靜)
Lingding Gaoshan No.11 Private
Securities Investment Fund (淩頂
高山11號私募證券投資基金)
Ningbo Meishan Bonded Port Area Lingding
Investment Management Co., Ltd. (寧波梅山
保稅港區淩頂投資管理有限公司)
Chen Youfang (陳有方)
Deng Chunyan (鄧春燕)
Shao Rongxuan (邵榮炫)
Zhu Xiao (朱曉)
Evolution Darwin Shangshan No.3
Private Securities Investment Fund
Hainan Evolution Private Fund Management
Co., Ltd. (海南進化論私募基金管理有限公Wang Yiping (王一平) Wang Yiping (王一平)


--- page 28 ---
(進化論達爾文上善三號私募證
券投資基金)
司)
Yue Min Tou New Selection
Opportunity No.1 Private
Securities Investment Fund (粵民
投新選機遇1號私募證券投資基
金)
Yue Min Tou Private Securities Fund
Management (Shenzhen) Co., Ltd. (粵民投私
募證券基金管理（深圳）有限公司)
Not applicable Liu Wei ( 劉偉)
Yuanleshng Qiangye Private
Securities Investment Fund (源樂
晟強業私募證券投資基金)
Tibet Longrising Asset Management Co.,LTD
(西藏源樂晟資產管理有限公司) Zeng Xiaojie (曾曉潔) Hu Caiyang ( 胡彩陽)
Yuanleshng Qiangshi Private
Securities Investment Fund (源樂
晟強勢私募證券投資基金)
Tibet Longrising Asset Management Co.,LTD
(西藏源樂晟資產管理有限公司) Zeng Xiaojie (曾曉潔) Not applicable
Hover4pi Fund I OFC Hover4pi Capital Management He Hui Not applicable
Canaan China Flagship Fund Not applicable Not applicable LIANG Hao
LW Investment II LW INVESTMENT VCC Chan Hock Eng, Xie
Dahong Xu Chong
LW Investment III LW INVESTMENT VCC Chan Hock Eng, Xie
Dahong Not applicable

To the best of knowledge of CSI and after making all reasonable enquiries, the CSI Ultimate Clients, together with each of their ultimate beneficial owners, is
an independent third party of the Company, its subsidiaries, its substantial shareholders, CSI, CLSA and the companies which are members of the same group
of companies as CLSA.

(2) CGII

CGII and China Galaxy Securities (“CGS”) will enter into a series of cross border total return swap (TRS) transactions (collectively, the “CGII TRS”) with
each other and the ultimate clients (“CGII Ultimate Clients”), pursuant to which CGII will hold the Offer Shares on a non-discretionary basis to hedge the


--- page 29 ---
CGII TRS while the economic risks and returns of the underlying Offer Shares are ultimately borne by the CGII Ultimate Clients, subject to customary fees and
commissions. The CGII TRS will be fully funded by the CGII Ultimate Clients. During the terms of the CGII TRS, all economic returns of the Offer Shares
subscribed by CGII will be passed to CGII Ultimate Clients and all economic loss shall be borne by CGII Ultimate Clients through the CGII TRS, and CGII
will not take part in any economic return or bear any economic loss in relation to the Offer Shares. The CGII TRS are linked to the Offer Shares and CGII
Ultimate Clients may, after expiration of the lock-up period beginning from the date of the relevant cornerstone agreements and ending on the date which is six
months from the Listing Date, request to early terminate the CGII TRS at its own discretion, upon which CGII may dispose of the Offer Shares on the secondary
market and CGII Ultimate Clients will receive a final settlement amount of the CGII TRS in cash in accordance with the terms and conditions of the CGII TRS.
The details of the CGII Ultimate Clients are as follow:

Name  Fund Manager UBO of Fund Manager
Limited Partner/Shareholding holding
30% or more in the CSI Ultimate
Clients
Lingding Gaoshan No. 11 Private
Securities Investment Fund (淩頂
高山11號私募證券投資基金)
Ningbo Meishan Bonded Port Area Lingding
Investment Management Co., Ltd. (寧波梅山
保稅港區淩頂投資管理有限公司)
Deng Chunyan (鄧春燕)
Chen Youfang (陳有方)
Zhu Xiao (朱曉)
Shao Rongxuan (邵榮炫)

To the best of CGII’  s knowledge after having made all reasonable inquiries, each of the CGII Ultimate Clients is an independent third party of (i) the Company,
its subsidiaries, its substantial shareholders, and (ii) CGII, CGIS and the companies which are members of the same group of CGIS. Both CGII and CGIS are
indirect wholly-owned subsidiaries of CGS, the A shares of which are listed on the Shanghai Stock Exchange (stock code: 601881), the H shares of which are
listed on the Stock Exchange (stock code: 6881). CGII is a connected client (as defined under Appendix F1 to the Listing Rules) of CGIS, holding securities on
a non-discretionary basis on behalf of independent third parties.

(3) AXA IM

AXA IM, a wholly-owned subsidiary of BNPP Asset Management Holding (“BNPP AM”), will arrange the investment in the Offer Shares in its capacity as
delegated investment manager on behalf of their investors (the “AXA IM Ultimate Clients”), each of which is, to the best knowledge of BNPP AM, an
independent third party of the Company, its subsidiaries, its substantial shareholders, AXA IM, BNPP and the companies which are members of the same group
of BNPP . No ultimate beneficial owner holds 30% or more interest in the funds, and none of BNPP and, to the best knowledge of BNPP AM, BNPP AM is not


--- page 30 ---
aware of any companies which are members of the same group of BNPP that hold any beneficial interest in any of the funds.

The details of the AXA IM Ultimate Clients are as follows:

Fund Name Fund Manager UBO of Fund Manager Limited Partner/Shareholding
holding 30% or more in the AXA IM
Ultimate Clients
BNP Paribas Clean Energy Solutions
Fund
AXA IM BNP Paribas SA N/A
BNP Paribas Europe Environmental
Solutions Fund
AXA IM BNP Paribas SA N/A

To the best of knowledge of BNPP AM and after making all reasonable enquiries, AXA IM Ultimate Clients, together with each of their ultimate beneficial
owners, is an independent third party of the Company, its subsidiaries, its substantial shareholders, AXA IM, BNPP and the companies which are members of
the same group of BNPP .

(4) CITIC Asset Management

CITIC Asset Management will hold the Offer Shares in its capacity as the discretionary fund manager managing the funds on behalf of their investors (the
“CITIC Asset Management Ultimate Clients”), each of which is, to the best knowledge of CITIC Asset Management, (i) an independent third party of the
Company, its subsidiaries, its substantial shareholders, CITIC Asset Management, CLSA and the companies which are members of the same group of companies
as CLSA; and (ii) a collective investment scheme which is not authorized by the SFC. No ultimate beneficial owner holds 30% or more interest in the funds.
The details of the CITIC Asset Management Ultimate Clients are as follows:

Fund Name Values of Assets
under Management
Whether the
Scheme is
Publicly
Marketed
Fund Manager UBO of Fund
Manager
Limited Partner of the CITIC
Asset Management Ultimate
Clients


--- page 31 ---
CITIC SECURITIES COMP ANY
LIMITED-XINHANG ZHIYUAN
NO.1 (中信證券信航致遠1號集
合資産管理計劃)
RMB26,274,974.36 Not publicly
marketed
CITIC Asset
Management
CITIC Securities
Company Limited
26 limited partners in total, all of
which are individuals
CITIC SECURITIES COMP ANY
LIMITED-XINHANG ZHIYUAN
NO.3 (中信證券信航致遠3號集
合資産管理計劃)
RMB62,521,444.68 Not publicly
marketed
CITIC Asset
Management
CITIC Securities
Company Limited
48 limited partners in total, all of
which are individuals
CITIC Securities AM-
Guibinfengyuan No.118 QDII (中
信證券資管貴賓豐元118號
QDII集合資産管理計劃)
RMB226,629,029.61 Not publicly
marketed
CITIC Asset
Management
CITIC Securities
Company Limited
Eight limited partners in total,
each of which is either a single
asset management scheme or a
collective asset management
scheme

To the best of knowledge of CITIC Asset Management and after making all reasonable enquiries, (i) CITIC Asset Management Ultimate Clients, together with
each of their ultimate beneficial owners, is an independent third party of the Company, its subsidiaries, its substantial shareholders, CITIC Asset Management,
CLSA and the companies which are members of the same group of companies as CLSA, and (ii) none of CLSA and any companies which are members of the
same group of companies as CLSA that hold any beneficial interest in any of CITIC Asset Management Ultimate Clients.

(5) CITIC AM HK

CITIC AM HK will hold the Offer Shares in its capacity as the discretionary fund manager managing the fund on behalf of its underlying client, namely CLSA
CT LIMITED SUB ACCOUNT 29 – CGM, of which the ultimate beneficial owner holding 30% or more interest therein is SUN Shigen, and of which is, to the
best knowledge of CITIC AM HK, an independent third party of the Company, its subsidiaries, its substantial shareholders, CITIC AM HK, CLSA and the
companies which are members of the same group companies as CLSA.

The ultimate beneficial owner of CITIC AM HK is CITIC Securities Company Limited (中信證券股份有限公司, 6030.HK).


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(6) China AMC HK

China AMC HK is an investment advisor and a delegate of the investment manager of its underlying clients (“China AMC HK Ultimate Clients”) and manages
assets (in its capacity as an investment advisor of the China AMC HK Ultimate Clients) and executes trades (in its capacity as a delegate of the investment
manager of China AMC HK Ultimate Clients) for on behalf of China AMC HK Ultimate Clients, namely (i) CHINAAMC FUND - CHINAAMC CHINA
OPPORTUNITIES FUND, with no ultimate beneficial owner holding 30% or more interest therein; (ii) CHINAAMC SELECT GREATER CHINA
TECHNOLOGY FUND, the ultimate beneficial owner of which is Futu Securities19 International (Hong Kong) Limited, holding 51.87% interest therein; (iii)
CHINAAMC CHINA FOCUS FUND, the ultimate beneficial owner of which is Manulife (International) Limited, holding 73.17% interest therein; and (iv)
CHINAAMC CHINA GROWTH FUND (SICAV), the ultimate beneficial owner of which is Yuanta Securities (HK) Company LTD, holding 72.73% interest
therein. To the best knowledge of China AMC HK after making all reasonable enquiries, (i) each of the China AMC HK Ultimate Clients is an independent third
party of the Company, its subsidiaries, its substantial shareholders, CLSA, China AMC HK and the companies which are members of the same group of
companies as CLSA; and (ii) China AMC HK is not a collective investment scheme which is not authorised by the SFC.


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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 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 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 April 8, 2026 issued by Sigenergy
Technology Co., Ltd. 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 Sponsor-
Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall
be entitled to terminate their obligations under the Hong Kong Underwriting Agreement with
immediate effect upon the occurrence of any of the events set out in the section headed
“Underwriting – Underwriting Arrangements – 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 April
16, 2026).


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PUBLIC FLOAT

Immediately after the completion of the Global Offering (before any exercise of the Over-
allotment Option), the total number of H Shares held in public hands represents approximately
27.44% of the total issued share capital of the Company, which is higher than the prescribed
percentage of H Shares required to be held in public hands of 15% under Rule 19A.13A(1) of
the Listing Rules calculated based on the final Offer Price of HK$324.20 per H Share, thereby
satisfying Rule 19A.13A(1) of the Listing Rules.

Each of the Cornerstone Investors has agreed to a lock-up period of six months following the
Listing Date. As such, H Shares held by the Cornerstone Investors (excluding the Offer Shares
subscribed for by them as placees) upon the Listing shall not be counted towards the free float
of the H Shares of the Company at the time of Listing. Based on the final Offer Price of
HK$324.20 per H Share, the Company satisfies the free float requirement under Rule
19A.13C(1)(b) of the Listing Rules.

The Directors confirm that, immediately following the completion of the Global Offering
(before any exercise of the Over-allotment Option), (i) no placee will, individually, be placed
more than 10% of the enlarged issued share capital of the Company immediately after the
Global Offering; (ii) there will not be any new substantial Shareholder immediately after the
Global Offering; (iii) the three largest public shareholders of the Company do not hold more
than 50% of the H shares in public hands at the time of the Listing in compliance with Rules
8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least 300 Shareholders at the
time of the Listing in compliance with Rule 8.08(2) of the Listing Rules.

COMMENCEMENT OF DEALINGS

The H Share certificates will only become valid evidence of title at 8:00 a.m. on Thursday,
April 16, 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 – 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 Thursday,
April 16, 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 Thursday, April 16, 2026 (Hong Kong time). The H
Shares will be traded in board lots of 100 H Shares each, and the stock code of the H Shares
will be 6656.

By order of the Board
Sigenergy Technology Co., Ltd.
Mr. Xu Yingtong
Chairman of the Board, Executive Director and
Chief Executive Officer

Hong Kong, April 15, 2026
As at the date of this announcement, the Board comprises: (i) Mr. Xu Yingtong and Mr.


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Zhang Xianmiao as executive directors; (ii) Mr. Sun Guoqing, Mr. Wang Lin and Ms.
Yang Ting as non-executive directors and (iii) Ms. Ng Wing Yan Claudia, Mr. Lin Jinwu
and Ms. Chen Jijin as proposed independent non-executive directors.