hk-ipo/data/extracted_text/09981/allotment_results_2026-02-12_2026021201492.txt

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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and Hong
Kong Securities Clearing Company Limited (“ HKSCC”) take no responsibility for the contents of this announcement, make no
representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
from or in reliance upon the whole or any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute
or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdictions.
The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 as
amended from time to time (the “ U.S. Securities Act ”) or securities law of any state or other jurisdiction of the United States.
The securities may not be offered, sold, pledged or otherwise transferred within the United States except pursuant to an exemption
from the registration requirements of the U.S. Securities Act and in compliance with any applicable state securities laws. The
securities are being offered and sold outside the United States in offshore transactions in accordance with Regulation S under the
U.S. Securities Act. There will be no public offer of securities in the United States.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or
subscribe for securities. This announcement is not a prospectus. Potential investors should read the prospectus dated February
5, 2026 (the “ Prospectus ”) issued by Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (ʮ̡ ) (the
“Company”) for detailed information about the Global Offering described below before deciding whether or not to invest in the
H Shares thereby being offered. Any investment decision in relation to the Offer Shares should be taken solely in reliance on the
information in the Prospectus. The Company has not been and will not be registered under the U.S. Investment Company Act of
1940, as amended.
Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those defined in
the Prospectus.
Potential investors of the Offer Shares should note that the Sponsor-Overall Coordinators (for themselves and on behalf of
the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong Kong Underwriting Agreement
with immediate effect upon the occurrence of any of the events set out in the section headed “Underwriting — Underwriting
Arrangements and Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus at any time prior to
8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on Friday, February 13, 2026).


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Shenzhen Woer Heat-Shrinkable Material 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
: 139,988,800 H Shares
Number of Hong Kong Offer Shares : 13,999,000 H Shares
Number of International Offer Shares : 125,989,800 H Shares
Final Offer Price : HK$20.09 per Offer Share, plus brokerage
of 1%, SFC transaction levy of 0.0027%,
Stock Exchange trading fee of 0.00565%
and AFRC transaction levy of 0.00015%
Nominal value : RMB1.00 per H Share
Stock code : 9981
Joint Sponsors, Sponsor-overall Coordinators, Joint Global Coordinators, Joint Bookrunners
and Joint Lead Managers
Overall Coordinator, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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Shenzhen Woer Heat-Shrinkable Material Co., Ltd.
ʮ̡
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 February 5, 2026 (the “ Prospectus ”) issued by
Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (the “ Company”).
SUMMARY
Company information
Stock code 9981
Stock short name WOER
Dealings commencement date February 13, 2026*
* see note at the end of the announcement
Price Information
Final Offer Price HK$20.09
Maximum Offer Price HK$20.09
Offer Price Adjustment N/A
Offer Shares and Share Capital
Number of Offer Shares 139,988,800
Final Number of Offer Shares in Hong Kong Public Offering 13,999,000
Final Number of Offer Shares in International Offering 125,989,800
Number of issued Shares upon Listing 1,399,887,362
Proceeds
Gross proceeds (Note) HK$2,812.4 million
Less: Estimated listing expenses payable based on Final Offer
Price
HK$(78.8) million
Net proceeds HK$2,733.6 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.


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ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 141,463
No. of successful applications 31,654
Subscription level 569.58 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong Public
Offering
13,999,000
Final no. of Offer Shares under the Hong Kong Public Offering 13,999,000
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10.00%
Note:  For details of the final allocation of H Shares to the Public Offer, investors can refer to www.eipo.com.hk/eIPOAllotment
to perform a search by identification number or www.eipo.com.hk/eIPOAllotment  for the full list of allottees.
INTERNATIONAL OFFERING
No. of placees 116
Subscription Level 8.19 times
No. of Offer Shares initially available under the International
Offering
125,989,800
Final no. of Offer Shares under the International Offering 125,989,800
% of Offer Shares under the International Offering to the Global
Offering
90.00%


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The Directors confirm that, to the best of their knowledge, information and belief, save for (a) a
waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph
1C(2) of Appendix F1 to the Listing Rules (the “ Placing Guidelines ”) granted by the Stock
Exchange to permit the Company to allocate certain Offer Shares in the International Offering
to certain existing minority shareholders and/or their close associates, 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 an existing Shareholder and/or its
close associates and Cornerstone Investors and/or its close associates, (i) none of the Offer Shares
subscribed by the placees and the public have been financed directly or indirectly by the Company,
any of the Directors, chief executive of the Company, group of single largest shareholder,
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, group of single largest shareholder, 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
Cornerstone Investors
No. of Offer
Shares
allocated
 Note 1
% of Offer
Shares
% of total issued
share capital
after the Global
Offering
 Note 2 & 3
Existing
shareholders
or their
close
associates
HHLR Advisors, Ltd. (“ HHLRA”) 9,703,000 6.93% 0.69% No
Shanghai Greenwoods and Huatai Capital
Investment Limited (in connection with
Greenwoods OTC Swaps)
6,986,000 4.99% 0.50% No
Jump Trading Pacific Pte. Ltd. (“ Jump
Trading”)
1,164,200 0.83% 0.08% No
Huizhou Huilian Investment Partnership
(Limited Partnership) (“ Huizhou
Huilian”)
9,960,800 7.12% 0.71% No
JCC and Guotai Junan Investments (Hong
Kong) Limited (in connection with JCC
OTC Swaps)
1,164,200 0.83% 0.08% No
Shen Zhen New World Investment (H.K)
Limited (“ Shen Zhen New World ”)
2,986,400 2.13% 0.21% Yes
Note 2


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Cornerstone Investors
No. of Offer
Shares
allocated
 Note 1
% of Offer
Shares
% of total issued
share capital
after the Global
Offering
 Note 2 & 3
Existing
shareholders
or their
close
associates
BEST CHEER DEVELOPMENT
LIMITED (“ Best Cheer ”)
1,692,200 1.21% 0.12% No
RIME Capital Limited (“ RIME”) 398,200 0.28% 0.03% No
SCV Alpha LP (“ SCV Alpha ”) 1,344,800 0.96% 0.10% No
Yield Royal Investment Holding
(Singapore) PTE. LTD. (“ Yield Royal ”)
1,164,200 0.83% 0.08% No
Guohui (HK) Holdings Co., Limited
(“Guohui HK ”)
1,943,600
(Note 4)
1.39% 0.14% No
Pu Xin Guotai Junan Investments (Hong
Kong) Limited (in connection with Pu Xin
OTC Swaps)
1,941,200 1.39% 0.14% No
CAPCHEM (HONGKONG) CO.,
LIMITED (“ Capchem Hong Kong ”)
2,737,600 1.96% 0.20% No
Enhanced Investment Products Limited
(“EIP”)
1,940,600 1.39% 0.14% No
Factorial Master Fund (“ Factorial”) 776,200 0.55% 0.06% No
Qianhai Starlight Capital SPC (“ Qianhai
Starlight”)
2,328,600 1.66% 0.17% No
Total 48,231,800 34.45% 3.45%
Notes:
(1) The number of Offer Shares allocated to such investors only represents the number of Offer Shares allocated to the investors
as cornerstone investors in the International Offering. For allocations of Offer Shares to the relevant investors as placees
(if any), please refer to the section headed “Allotment Results Details — International Offering — Allotees with waiver/
consents obtained” in this announcement.
(2) For details of a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph 1C(2)
of the Placing Guidelines granted by the Stock Exchange to permit the Company to allocate certain Offer Shares in the
International Offering to certain existing minority shareholders and/or their close associates as cornerstone investor, please
refer to the section headed “Others/Additional Information” in this announcement.
(3) Not taking into account any A Shares held by the relevant investors.
(4) The actual number of Offer Shares allocated to Guohui HK varies from the Prospectus disclosure due to the actual exchange
rates determined pursuant to the terms of the cornerstone investment agreements.


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Allotees with Waivers/Consents Obtained
Investor
No. of Offer
Shares
allocated
Note 2
% of Offer
Shares
% of total
issued share
capital after
the Global
Offering Relationship
Allotees with waiver from strict compliance with the requirements under Rule 10.04 of the Listing Rules
and consent under paragraph 1C(2) of the Placing Guidelines in relation to subscription for H Shares by
existing minority shareholders
(Note 1)
Shen Zhen New World 5,376,400 3.84% 0.38% Nil
Allotees with consent under Chapter 4.15 of the Guide for New Listing Applicants in relation to
allocations of further H Shares to certain Cornerstone Investors and/or their close associates
(Note 1)
HHLRA 9,703,000 6.93% 0.69% A Cornerstone
Investor
Note 2
Shanghai Greenwoods Asset
Management Co., Ltd. and Huatai
Capital Investment Limited (in
connection with Greenwoods OTC
Swaps)
3,103,000 2.22% 0.22% A Cornerstone
Investor
Note 2
Greenwoods Asset Management
Hong Kong Limited
776,200 0.55% 0.06% A close associate
of a Cornerstone
Investor
Note 2 & 3
Jump Trading 1,164,200 0.83% 0.08% A Cornerstone
Investor
Note 2
Huizhou Huilian 1,106,600 0.79% 0.08% A Cornerstone
Investor
Note 2
JCC and Guotai Junan Investments
(Hong Kong) Limited (in connection
with JCC OTC Swaps)
930,000 0.66% 0.07% A Cornerstone
Investor
Note 2
Shen Zhen New World 2,390,000 1.71% 0.17% A Cornerstone
Investor
Note 2
BEST CHEER 1,366,000 0.98% 0.10% A Cornerstone
Investor
Note 2
RIME 310,800 0.22% 0.02% A Cornerstone
Investor
Note 2
Doo Financial HK Limited. 1,344,800 0.96% 0.10% A close associate
of a Cornerstone
Investor
Note 4


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Investor
No. of Offer
Shares
allocated
Note 2
% of Offer
Shares
% of total
issued share
capital after
the Global
Offering Relationship
Guohui HK 776,200 0.55% 0.06% A Cornerstone
Investor
Note 2
Pu Xin Guotai Junan Investments
(Hong Kong) Limited (in connection
with Pu Xin GTHT OTC Swaps)
1,240,000 0.89% 0.09% A Cornerstone
Investor
Note 2
EIP 1,550,000 1.11% 0.11% A Cornerstone
Investor
Note 2
Qianhai Starlight 1,550,000 1.11% 0.11% A Cornerstone
Investor
Note 2
Factorial 620,000 0.44% 0.04% A Cornerstone
Investor
Note 2
Allotees with consent under paragraph 1C(1) of the Placing Guidelines and Chapter 4.15 of the Guide for
New Listing Applicants in relation to allocations to connected clients
(Note 1)
Fullgoal Fund Management Co.,
Ltd.
192,200 0.14% 0.01% Connected client
as a placee
Fullgoal Asset Management (HK)
Limited
197,800 0.14% 0.01% Connected client
as a placee
Guotai Junan Investment (Hong
Kong) Limited
4,074,600 2.91% 0.29% Connected client
as a placee
China Universal Asset Management
(Hong Kong) Company Limited
390,000 0.28% 0.03% Connected client
as a placee
CHINA ASSET MANAGEMENT
(HONG KONG) LIMITED
13,000 0.01% 0.001% Connected client
as a placee
CITIC Securities International
Capital Management Limited
11,600 0.01% 0.001% Connected client
as a placee
(1) For details of (a) a waiver from strict compliance with Rule 10.04 of the Listing Rules and a consent under paragraph
1C(2) of the Placing Guidelines granted by the Stock Exchange to permit the Company to allocate certain Offer Shares in
the International Offering to existing minority shareholders and their close associates as cornerstone investor; (b) a consent
under paragraph 18 of Chapter 4.15 of the Guide for New Listing Applicants to permit the Company to allocate certain
Offer Shares in the International Offering to certain Cornerstone Investors and/or their close associates; and (c) a consent
under paragraph 1C(1) of the Placing Guidelines to permit the Company to allocate certain Offer Shares in the International
Offering to connected clients, please refer to the sub-section relating to section headed “Others/Additional Information” in
this announcement.


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(2) The number of Offer Shares allocated to the relevant investors listed in this subsection only represents the number of Offer
Shares allocated to the investors as placees in the International Offering. For allocations of Offer Shares to the relevant
investors as Cornerstone Investors, please refer to the section headed “Allotment Results Details — International Offering
— Cornerstone Investors” in this announcement.
(3) Greenwoods Asset Management Hong Kong Limited holds more than 30% of the registered share capital of Shanghai
Greenwoods, and is therefore a close associate of the Cornerstone Investor, namely Shanghai Greenwoods.
(4) Doo Financial HK Limited is the only limited partner of SCV Alpha and is indirectly owned as to 100% by Mr. Chen Junjie,
who is an Independent Third Party. Doo Financial Limited is therefore a close associate of SCV Alpha.
LOCK-UP UNDERTAKINGS
Cornerstone 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
Note 2
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
% of
shareholding
in Company
subject to
lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings
Note 1
HHLR 9,703,000 — 6.93% 0.69% August 12, 2026
Shanghai Greenwoods
Asset Management Co.,
Ltd. and Huatai Capital
Investment Limited
(in connection with
Greenwoods OTC Swaps)
6,986,000 — 4.99% 0.50% August 12, 2026
Jump Trading 1,164,200 — 0.83% 0.08% August 12, 2026
Huizhou Huilian 9,960,800 — 7.12% 0.71% August 12, 2026
JCC and Guotai Junan
Investments (Hong
Kong) Limited (in
connection with JCC
OTC Swaps)
1,164,200 — 0.83% 0.08% August 12, 2026
Shen Zhen New World 2,986,400 — 2.13% 0.21% August 12, 2026
BEST CHEER 1,692,200 — 1.21% 0.12% August 12, 2026
RIME 398,200 — 0.28% 0.03% August 12, 2026
SCV Alpha 1,344,800 — 0.96% 0.10% August 12, 2026
Yield Royal 1,164,200 — 0.83% 0.08% August 12, 2026


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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
Note 2
% of total
issued H
Shares after
the Global
Offering
subject to
lock-up
undertakings
upon Listing
% of
shareholding
in Company
subject to
lock-up
undertakings
upon Listing
Last day subject
to the lock-up
undertakings
Note 1
Guohui HK 1,943,600
(Note 4)
— 1.39% 0.14% August 12, 2026
Pu Xin Guotai Junan
Investments (Hong
Kong) Limited (in
connection with Pu Xin
GTHT OTC Swaps)
1,941,200 — 1.39% 0.14% August 12, 2026
Capchem Hong Kong 2,737,600 — 1.96% 0.20% August 12, 2026
EIP 1,943,600
(Note 4)
— 1.39% 0.14% August 12, 2026
Factorial 776,200 — 0.55% 0.06% August 12, 2026
Qianhai Starlight 2,328,600 — 1.66% 0.17% August 12, 2026
Sub-total 48,231,800 — 34.45% 3.45%
Notes:
(1) In accordance with the relevant cornerstone investment agreements, the required lock-up ends on August 12, 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.
(2) The number of H Shares immediately after the Global Offering is the same as the number of Offer Shares to be issued under
the Global Offering.
(3) For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors” in the Prospectus.


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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 19,406,000 15.40% 13.86% 19,406,000 1.39%
Top 5 56,092,400 44.52% 40.07% 59,971,600 4.28%
Top 10 77,452,200 61.47% 55.33% 81,331,400 5.81%
Top 25 110,222,800 87.49% 78.74% 111,889,800 7.99%
Notes
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDER CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer Shares
Number of
H Shares held upon
Listing
% of
total issued
H Shares
capital upon
Listing
Number of
Shares held upon
Listing
Top 1 19,406,000 15.40% 13.86% 19,406,000 13.86% 19,406,000
Top 5 59,971,600 47.60% 42.84% 59,971,600 42.84% 59,971,600
Top 10 81,331,400 64.55% 58.10% 81,331,400 58.10% 85,578,800
Top 25 111,889,800 88.81% 79.93% 111,889,800 79.93% 116,137,200
Notes
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares allotted
Allotment
as % of
International
Offering
Allotment
as % of
total Offer Shares
Number of
H Shares held
upon Listing
Number of
Shares held
upon Listing
% of
total issued share
capital
upon Listing
Top 1 0 0.00% 0.00% 0 189,563,801 13.54%
Top 5 19,406,000 15.40% 13.86% 19,406,000 370,616,126 26.47%
Top 10 56,418,000 44.78% 40.30% 56,418,000 421,632,434 30.12%
Top 25 102,389,200 81.27% 73.14% 102,389,200 481,879,925 34.42%
Notes
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.


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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by the
public will be conditionally allocated on the basis set out below:
NO. OF SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
POOL A
200 38,921 128 out of 38,921 to receive 200 Shares 0.33%
400 20,769 135 out of 20,769 to receive 200 Shares 0.33%
600 4,999 49 out of 4,999 to receive 200 Shares 0.33%
800 3,201 42 out of 3,201 to receive 200 Shares 0.33%
1,000 4,333 71 out of 4,333 to receive 200 Shares 0.33%
1,200 1,731 34 out of 1,731 to receive 200 Shares 0.33%
1,400 1,077 25 out of 1,077 to receive 200 Shares 0.33%
1,600 1,160 31 out of 1,160 to receive 200 Shares 0.33%
1,800 848 25 out of 848 to receive 200 Shares 0.33%
2,000 10,801 356 out of 10,801 to receive 200 Shares 0.33%
3,000 2,452 121 out of 2,452 to receive 200 Shares 0.33%
4,000 3,289 217 out of 3,289 to receive 200 Shares 0.33%
5,000 2,212 182 out of 2,212 to receive 200 Shares 0.33%
6,000 1,646 163 out of 1,646 to receive 200 Shares 0.33%
7,000 1,184 137 out of 1,184 to receive 200 Shares 0.33%
8,000 1,290 170 out of 1,290 to receive 200 Shares 0.33%
9,000 1,155 169 out of 1,155 to receive 200 Shares 0.33%
10,000 6,748 1,095 out of 6,748 to receive 200 Shares 0.32%
20,000 4,026 1,306 out of 4,026 to receive 200 Shares 0.32%
30,000 2,379 1,158 out of 2,379 to receive 200 Shares 0.32%
40,000 2,242 1,455 out of 2,242 to receive 200 Shares 0.32%
50,000 1,980 1,606 out of 1,980 to receive 200 Shares 0.32%
60,000 1,538 1,497 out of 1,538 to receive 200 Shares 0.32%


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13
NO. OF SHARES
APPLIED FOR
NO. OF VALID
APPLICATIONS BASIS OF ALLOTMENT/BALLOT
PERCENTAGE
ALLOTTED OF
THE TOTAL
NO. OF SHARES
APPLIED FOR
70,000 1,224 200 Shares plus 166 out of 1,224 to receive additional 200 Shares 0.32%
80,000 1,172 200 Shares plus 349 out of 1,172 to receive additional 200 Shares 0.32%
90,000 1,001 200 Shares plus 460 out of 1,001 to receive additional 200 Shares 0.32%
100,000 5,599 200 Shares plus 3,483 out of 5,599 to receive additional 200 Shares 0.32%
200,000 3,514 600 Shares plus 830 out of 3,514 to receive additional 200 Shares 0.32%
Total 132,491 Total number of Pool A successful applicants: 22,682
POOL B
300,000 4,904 200 Shares plus 3,949 out of 4,904 to receive additional 200 Shares 0.12%
400,000 977 400 Shares plus 398 out of 977 to receive additional 200 Shares 0.12%
500,000 692 600 Shares plus 6 out of 692 to receive additional 200 Shares 0.12%
600,000 451 600 Shares plus 275 out of 451 to receive additional 200 Shares 0.12%
700,000 245 800 Shares plus 52 out of 245 to receive additional 200 Shares 0.12%
800,000 246 800 Shares plus 200 out of 246 to receive additional 200 Shares 0.12%
900,000 159 1,000 Shares plus 66 out of 159 to receive additional 200 Shares 0.12%
1,000,000 718 1,200 Shares plus 13 out of 718 to receive additional 200 Shares 0.12%
2,000,000 262 2,400 Shares plus 9 out of 262 to receive additional 200 Shares 0.12%
3,000,000 92 3,600 Shares plus 5 out of 92 to receive additional 200 Shares 0.12%
4,000,000 52 4,800 Shares plus 4 out of 52 to receive additional 200 Shares 0.12%
5,000,000 48 6,000 Shares plus 4 out of 48 to receive additional 200 Shares 0.12%
6,000,000 22 7,200 Shares plus 2 out of 22 to receive additional 200 Shares 0.12%
6,999,400 104 8,400 Shares plus 12 out of 104 to receive additional 200 Shares 0.12%
Total 8,972 Total number of Pool B successful applicants: 8,972


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COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company’s H Shares.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or indirectly,
provided by the Company, its group of single largest shareholder, Directors or syndicate members
to any placees or the public (as the case may be) and the consideration payable by them for each
Share of the Company subscribed for or purchased by them is the same as the final Offer Price
determined by agreement between the Company and the Sponsor-Overall Coordinators (for
themselves and on behalf of other Overall Coordinator and the Underwriters), in addition to any
brokerage, AFRC transaction levy, SFC transaction levy and trading fee payable.
OTHERS/ADDITIONAL INFORMATION
Allocation of H Shares to existing minority shareholders and their close associates with a
waiver from the strict compliance with Rule 10.04 of the Listing Rules and a prior consent
under paragraph 1C(2) of the Placing Guidelines
As disclosed in the Prospectus, the Company has applied to the Stock Exchange, and the Stock
Exchange has granted, a waiver from the 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 such
Offer Shares certain existing minority Shareholders who (i) hold less than 5% of the voting rights
in our Company prior to the completion of the Global Offering and (ii) are not and will not become
(upon the completion of the Global Offering) core connected persons of our Company or the close
associates of any such core connected person (together, the “ existing minority shareholder(s) ”),
on the following conditions:
(i) each of the existing minority shareholders to whom our Company may allocate the H Shares
under the International Offering has less than 5% of the voting rights in our Company prior to
the completion of the Global Offering;
(ii) each of the existing minority shareholders is not, and will not be, a core connected person of
our Company or any close associate of any such core connected person immediately prior to or
following the Global Offering;
(iii) each of the existing minority shareholders does not have the power to appoint Directors or
have any other special rights in our Company;
(iv) allocation to the existing minority shareholders and their close associates will not affect our
Company’s ability to satisfy the public float requirement as prescribed by the Stock Exchange
under the waiver in respect of the strict compliance with the requirements of Rule 8.08 (as
amended and replaced by Rule 19A.13A(2) when applied to PRC issuers with other listed
shares) of the Listing Rules;


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15
(v) based on discussions between our Company and the Sponsor-overall Coordinators and
confirmations required to be submitted to the Stock Exchange by the Joint Sponsors, the
Company will confirm to the Stock Exchange that:
(a) in case of participation as cornerstone investors, no preferential treatment has been, nor
will be, given to the existing minority shareholders and/or their close associates by virtue
of their relationship with our Company, other than the preferential treatment of assured
entitlement under a cornerstone investment following the principles set out in Chapter
4.15 of the Guide, and the existing minority shareholders’ or their close associate’s
cornerstone investment agreements do not contain any material terms which are more
favorable to the existing minority shareholders or their close associate those in other
cornerstone investment agreements; or
(b) in case of participation as placees, no preferential treatment will be given to the existing
minority shareholders and/or their close associates by virtue of their relationship with our
Company in any allocation in the placing tranche
(vi) in the case of participation as placees, the Overall Coordinators will confirm to the Stock
Exchange that no preferential treatment has been, nor will be, given to any of the existing
minority shareholders or their close associates by virtue of their relationship with our
Company in any allocation in the International Offering; and
(vii) the Joint Sponsors will confirm to the Stock Exchange that the confirmations provided to the
Stock Exchange by our Company and the Sponsor-overall Coordinators and to the best of their
knowledge and belief, they have no reason to believe that the existing minority shareholders
and/or their close associates received any preferential treatment in any allocation in the placing
tranche either as cornerstone investors or as placees by virtue of their relationship with our
Company, other than, in the case of participation as cornerstone investors, the preferential
treatment of assured entitlement under a cornerstone investment following the principles set
out in Chapter 4.15 of the Guide, and details of allocation to the existing minority shareholders
and/or their close associates will be disclosed in this prospectus (for cornerstone investors) and
allotment results announcement (for both cornerstone investors and placees) of our Company.
Please refer to the section headed “Waivers from Strict Compliance with Listing Rules and
Exemption from Compliance with the Companies (Winding Up and Miscellaneous Provisions)
Ordinance — Allocation of H Shares to Existing Minority Shareholders and Their Close
Associates” in the Prospectus for further details of the waiver and consent. The allocation of Offer
Shares to such Existing Minority Shareholders is in compliance with all the conditions under the
waiver/consent granted by the Stock Exchange.


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16
Allocations of Offer Shares to certain Cornerstone Investors and/or their close associates with
a consent under paragraph 18 of Chapter 4.15 of the Guide
The Company has applied to, and the Stock Exchange has granted, a consent under Chapter 4.15
of the Guide for New Listing Applicants to permit the Company to allocate further Offer Shares in
the International Offering to certain Cornerstone Investors and/or their close associates as placees,
subject to the following conditions (the “ Size-based Exemption ”):
(a) The final offering size of the Global Offering will exceed HK$1 billion;
(b) Offer Shares allocated to all existing shareholders and their close associates (whether as
cornerstone investors and/or as placees) as permitted under the exemption granted by the Stock
Exchange will not exceed 30% of the total number of Shares offered;
(c) Each of the Directors, chief executives and single largest shareholder group of the Company
has confirmed that no Offer Shares will be allocated to any of the Directors, chief executives
and single largest shareholder group of the Company or their respective close associates, and
each of them will provide the confirmations upon the completion of the bookbuilding process;
(d) the allocation to size-based exemption participants will not affect the Company’s ability to
satisfy its public float requirement as prescribed by the Stock Exchange under the waiver from
strict compliance with the requirements of Rule 8.08(1) (as amended and replaced by Rule
19A.13A) of the Listing Rules; and
(e) the details of allocation to the Size-based Exemption Participants under the size-based
exemption will be disclosed in the allotment results 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 existing Shareholders and/or their close associates
and Cornerstone Investors, please refer to the section headed “Allotment Results Details —
International Offering — Allotees with Waivers/Consents Obtained” in this announcement.
Placing to connected clients with consent under paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of their
connected distributors pursuant to the Placing Guidelines.


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17
The Company has applied to the Stock Exchange for, and the Stock Exchange has granted, a consent under paragraph 1C(1) of the Placing
Guidelines to permit the Company to allocate such Offer Shares in the International Offering to the connected clients. The allocation of
Offer Shares to such connected clients is in compliance with all the conditions under the consent granted by the Stock Exchange. Details of
the placement to connected clients are set out below:
No. Connected Distributor Connected Client Relationship
Identities of the ultimate
beneficial owners of the Offer
Shares or, where applicable,
details of the structured
products under which the
subscription by the Connected
Client was made (e.g. OTC total
return swaps)
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
Maximum amount of Offer
Shares to be allocated to the
Connected Client
Note 1
Approximate percentage of
total number of Offer Shares
under the Global Offering
Note 1
Approximate percentage of
total issued share capital after
the Global Offering
Note 1
Part A — Connected Clients holding the beneficial interest of the Offer Shares on a non-discretionary basis on behalf of independent third parties
1. Guotai Junan Securities
(Hong Kong) Limited
(“GTJA Securities ”)
Guotai Junan Investment
(Hong Kong) Limited
(“GTJA Investment ”)
Note (3) below. N/A No 969,200 0.69% 0.07%
2. Guotai Junan
Investments
(Hong Kong) Limited
(“GTHT”)
Note (5) below N/A No 3,105,400 2.22% 0.22%
3. CITIC Securities
Brokerage (HK) Limited
(“CITIC Brokerage”)
CITIC Securities
International Capital
Management Limited
(1)

(“CSICM”)
Note (2) below. N/A No 11,600 0.01% 0.001%


--- page 18 ---
18
No. Connected Distributor Connected Client Relationship
Identities of the ultimate
beneficial owners of the Offer
Shares or, where applicable,
details of the structured
products under which the
subscription by the Connected
Client was made (e.g. OTC total
return swaps)
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
Maximum amount of Offer
Shares to be allocated to the
Connected Client
Note 1
Approximate percentage of
total number of Offer Shares
under the Global Offering
Note 1
Approximate percentage of
total issued share capital after
the Global Offering
Note 1
Part A — Connected Clients holding the beneficial interest of the Offer Shares on a discretionary basis on behalf of independent third parties
3. GTJA Securities Fullgoal Fund
Management Co., Ltd.
(“Fullgoal Fund ”)
Note (1) below. N/A No 192,200 0.14% 0.01%
Fullgoal Asset
Management (HK)
Limited (“ Fullgoal
HK”)
N/A No 197,800 0.14% 0.01%
4. Orient Securities (Hong
Kong) Limited
China Universal Asset
Management (Hong
Kong) Company Limited
(“China Universal
(HK)”)
Note (4) below. N/A No 390,000 0.28% 0.03%
5 CITIC Securities
Brokerage (HK) Limited
(“CITIC Brokerage ”)
CHINA ASSET
MANAGEMENT
(HONG KONG)
LIMITED (“ China
Asset Management ”)
Note (5) below. N/A No 13,000 0.01% 0.001%


--- page 19 ---
19
Notes:
(1) Fullgoal Fund and Fullgoal HK are members of the same group of GTJA Securities.
(2) CSICM is a member of the same group of companies as CITICS Brokerage.
(3) Both GTJA Investment and Guotai Junan Securities are indirect wholly-owned subsidiaries of Guotai Haitong Securities
Co. Ltd., the A shares of which are listed on the Shanghai Stock Exchange (601211.SH) and the H shares are listed on the
Hong Kong Stock Exchange (02611.HK). Therefore, GTJA Investment and Guotai Junan Securities are members of the
same group of companies.
(4) China Universal (HK) is a wholly owned subsidiary of China Universal Asset Management Company Limited (“ CUAM”).
CUAM is owned by Orient Securities Co., Ltd, the group company of Orient Securities as to 35.412%.
(5) Both GTINV and Guotai Junan Securities are indirect wholly-owned subsidiaries of Guotai Haitong Securities Co. Ltd.,
the A shares of which are listed on the Shanghai Stock Exchange (601211.SH) and the H shares are listed on the Hong
Kong Stock Exchange (02611.HK). Therefore, GTINV and Guotai Junan Securities are members of the same group of
companies.
(6) China Asset Management is owned as to 62.2% by CITIC Securities Company Limited, which is holding company of CITIC
Brokerage. China Asset Management is a member of the same group of companies as CITICS Brokerage


--- page 20 ---
20
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 February 5, 2026 issued by Shenzhen Woer Heat-
Shrinkable Material 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 Sole Sponsor and the Sponsor-
Overall Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall
be entitled to terminate its obligations under the Hong Kong Underwriting Agreement with
immediate effect upon the occurrence of any of the events set out in the section headed
“Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering —
Grounds for Termination” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on
the Listing Date (which is currently expected to be on Friday, February 13, 2026).
PUBLIC FLOAT AND FREE FLOAT
Immediately after the completion of the Global Offering, the number of the H Shares to be held by
the public represents approximately 10.07% of the total issued share capital of our Company, the
Company will therefore satisfy the public float requirement as required under Rule 19A.13A(2)(a)
of the Listing Rules.


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21
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 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$20.09 per H Share, the Company satisfies the free float requirement under
Rule 8.08A (as amended and replaced by Rule 19A.13C) of the Listing Rules.
The Directors confirm that, immediately following completion of the Global Offering: (i) 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; (ii) the three largest public Shareholders will not hold more than 50% of the
H Shares held in public hands at the time of Listing, in compliance with Rules 8.08(3) and 8.24 of
the Listing Rules; (iii) no placee will, individually, be placed more than 10% of the enlarged issued
share capital of the Company immediately after the Global Offering; and (iv) there will not be any
new substantial Shareholder (as defined in the Listing Rules) immediately after the Global Offering.
COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Friday, February
13, 2026 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting — Underwriting Arrangements
and Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus has
not been exercised. Investors who trade the H Shares on the basis of publicly available allocation
details prior to the receipt of H Share certificates or prior to the H Share certificates becoming valid
evidence of title do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on Friday,
February 13, 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 Friday, February 13, 2026 (Hong Kong time). The H
Shares will be traded in board lots of 200 H Shares each, and the stock code of the H Shares will be
9981.
By order of the Board
Shenzhen Woer Heat-Shrinkable Material Co., Ltd.
Mr. Zhou Heping
Executive Director and Chairperson of the Board
Hong Kong, February 12, 2026
As of the date of this announcement, the board of directors of the Company comprises: (i) Mr. Zhou Heping, Ms. Yi Huarong,
Mr. Liu Zhanli, Mr. Xia Chunliang and Ms. Deng Yan as executive Directors; (ii) Dr. Li Wenyou as non-executive Director; and
(iii) Mr. Zeng Fanyue, Ms. Dai Bingjie and Mr. Wang Dong as independent non-executive Directors.