geometrybase
8a0dfd88f0
Request: - Add extracted PDF text generation to the archivist workflow as a standard step. Changes: - Run PDF text extraction automatically for newly archived HKEX PDF sources. - Make the PDF text extractor incremental and manifest-preserving. - Document extracted-text handling in the archivist skill and README. - Mark generated extracted text as no-diff data evidence. - Backfill extracted text for all archived PDF source references. Verification: - Ran git diff --cached --check. - Ran .venv/bin/python -m py_compile scripts/extract_pdf_text.py scripts/archive_hkex_documents.py. - Ran full PDF extraction, then confirmed an incremental rerun skips unchanged files. - Verified 557 PDF source_refs, 557 manifest rows, all status ok, and zero missing text/hash/path issues. Next useful context: - HKEX HTML notices and Yahoo JSON market data remain under data/raw and are not expected in data/extracted_text.
671 lines
24 KiB
Plaintext
671 lines
24 KiB
Plaintext
--- page 1 ---
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
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Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no responsibility
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for the contents of this announcement, make no representation as to its accuracy or completeness and
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expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon
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the whole or any part of the contents of this announcement.
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This announcement is not for release, publication, distribution, directly or indirectly, in or into the
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United States (including its territories and possessions, any state of the United States and the District
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of Columbia). This announcement does not constitute or form a part of any offer or solicitation to
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purchase or subscribe for securities in the United States or in any other jurisdictions. The securities
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mentioned herein have not been, and will not be, registered under the United States Securities Act of
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1933 as amended from time to time (the “U.S. Securities Act”) or securities law of any state or other
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jurisdiction of the United States. The securities may not be offered, sold, pledged or otherwise
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transferred within the United States except pursuant to an exemption from the registration
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requirements of the U.S. Securities Act and in compliance with any applicable state securities laws,
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or outside the United States unless in compliance with Regulation S under the U.S. Securities Act.
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There will be no public offer of securities in the United States.
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This announcement is for information purposes only and does not constitute an invitation or offer to
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acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
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investors should read the prospectus dated 11 December 2025 (the “Prospectus”) issued by Xizang
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Zhihui Mining Co., Ltd.*(
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ʮ̡ ) (the “Company”) for detailed information
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about the Global Offering described below before deciding whether or not to invest in the Offer
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Shares. Any investment decision in relation to the Offer Shares should be taken solely in reliance on
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the information in the Prospectus. The Company has not been and will not be registered under the U.S.
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Investment Company Act of 1940, as amended.
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Unless otherwise defined in this announcement, capitalised terms used herein shall have the same
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meanings as those defined in the Prospectus.
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Potential investors of the Offer Shares should note that the Overall Coordinators (for themselves and
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on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the
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Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events
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set out in the section headed “Underwriting — Underwriting Arrangements and Expenses — Hong
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Kong Public Offering — Grounds for Termination of the Hong Kong Underwriting Agreement” in the
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Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently
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expected to be on Friday, 19 December 2025).
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* For identification purpose only
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−1−
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--- page 2 ---
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XIZANG ZHIHUI MINING CO., LTD. *
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ʮ̡
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(A joint stock company incorporated in the People’ s Republic of China with limited liability)
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GLOBAL OFFERING
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Number of Offer Shares under the
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Global Offering
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: 121,952,000 H Shares
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Number of Hong Kong Offer Shares : 12,196,000 H Shares
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Number of International Offer Shares : 109,756,000 H Shares
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Final Offer Price : HK$4.51 per H Share plus brokerage
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of 1%, SFC transaction levy of
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0.0027%, AFRC transactionlevy of
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0.00015% and the Stock Exchange
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trading fee of 0.00565% (payable in
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full on application in Hong Kong
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dollars, subject to refund)
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Nominal value : RMB1.00 per H Share
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Stock code : 2546
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Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
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Joint Bookrunners and Joint Lead Managers
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Joint Bookrunners and Joint Lead Managers
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Joint Lead Managers
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* For identification purpose only
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−2−
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--- page 3 ---
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XIZANG ZHIHUI MINING CO., LTD. *
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ʮ̡
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ANNOUNCEMENT OF FINAL OFFER PRICE AND ALLOTMENT RESULTS
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Unless otherwise defined herein, capitalised terms used in this announcement shall
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have the same meanings as those defined in the prospectus dated 11 December 2025
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(the “ Prospectus ”) issued by Xizang Zhihui Mining Co., Ltd.*(the “ Company ”).
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Warning: In view of high concentration of shareholding in a small number of
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H Shareholders, H Shareholders and prospective investors should be aware
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that the price of the H Shares could move substantially even with a small
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number of H Shares traded and should exercise extreme caution when dealing
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in the H Shares.
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SUMMARY
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Company information
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Stock code 2546
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Stock short name ZHIHUI MINING
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Dealings commencement date 19 December 2025*
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*see note at the end of the announcement
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Price Information
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Final Offer Price HK$4.51
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Offer Shares and Share Capital
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Number of Offer Shares 121,952,000
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Number of Offer Shares in Hong Kong Public
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Offering
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12,196,000
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Number of offer shares in International Offering 109,756,000
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Number of issued shares upon Listing 487,805,659
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Proceeds
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Gross proceeds (Note) HK$550.0 million
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Less: Estimated listing expenses payable based
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on Final Offer Price
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HK$54.9 million
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Net proceeds HK$495.1 million
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Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the
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use of proceeds, please refer to the Prospectus dated 11 December 2025.
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−3−
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--- page 4 ---
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ALLOTMENT RESULTS DETAILS
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PUBLIC OFFER
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No. of valid applications 177,542
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No. of successful applications 12,196
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Subscription level 5,248.15 times
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Claw-back triggered Nil
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No. of Offer Shares initially available under the Hong
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Kong Public Offering 12,196,000
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Final no. of Offer Shares under the Hong Kong Public
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Offering 12,196,000
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% of final number of Offer Shares under the Hong
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Kong Public Offering to the Global Offering 10.00%
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Note: For details of the final allocation of Shares to the Hong Kong Public Offering, investors can
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refer to www.eipo.com.hk/eIPOAllotment to perform a search by identification number or
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www.eipo.com.hk/eIPOAllotment for the full list of allottees.
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INTERNATIONAL OFFER
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No. of placees 164
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Subscription Level 2.68 times
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No. of Offer Shares initially available under the
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International Offering 109,756,000
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Final no. of Offer Shares under the International
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Offering 109,756,000
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% of final number of Offer Shares under the
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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, (i)
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none of the Offer Shares subscribed by the placees and the public have been financed
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directly or indirectly by the Company, any of the Directors, chief executive of the
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Company, controlling Shareholders, substantial Shareholders, existing Shareholders
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of the Company or any of its subsidiaries or their respective close associates; and
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(ii) none of the placees and the public who have purchased the Offer Shares are
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accustomed to taking instructions from the Company, any of the Directors, chief
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executive of the Company, controlling Shareholders, substantial Shareholders,
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existing Shareholders of the Company or any of its subsidiaries or their respective
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close associates in relation to the acquisition, disposal, voting or other disposition
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of Shares registered in his/her/its name or otherwise held by him/her/it.
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−4−
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--- page 5 ---
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The placees in the International Offering include the following:
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Cornerstone Investors
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Investor Note
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No. of
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Offer
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Shares
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allocated
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% of Offer
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Shares
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% of total
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issued
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share
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capital
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after the
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Global
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Offering
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Existing
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Shareholders
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or their
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close
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associates
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Sparky International
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Company Limited 32,000,000 26.24% 6.56% No
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Greater Bay Area Homeland Investments Limited No
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- GIGA Industries
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Limited 11,086,000 9.09% 2.27% No
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- Poly Platinum
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Enterprises Limited 6,651,000 5.45% 1.36% No
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Subtotal 17,737,000 14.54% 3.63% —
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Total 49,737,000 40.78% 10.19% —
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Note: For further details of the Cornerstone Investors, please refer to the section headed
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“Cornerstone Investors” in the Prospectus.
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Allottees who are customer(s) or client(s) / supplier(s) of the issuer
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Investor
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No. of Offer
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Shares
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allocated
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%o fO f f e r
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Shares
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% of total
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issued H
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Shares after
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the Global
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Offering
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% of total
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issued share
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capital after
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the Global
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Offering Relationship*
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BAOXIANG
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INVESTMENT
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(HONG KONG)
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LIMITED
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(ᘒୂҳ༟ (ಥ)Ϟ
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ʮ̡ )
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8,450,000 6.93% 6.93% 1.73%
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The ultimate
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beneficial
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owner of the
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investor is
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also the
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ultimate
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beneficial
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owner of a
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customer of
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the issuer
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Total 8,450,000 6.93% 6.93% 1.73%
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−5−
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--- page 6 ---
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LOCK-UP UNDERTAKINGS
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Controlling Shareholders
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Name
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Number of
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shares
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directly held
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in the
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Company
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subject to
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lock-up
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undertakings
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upon Listing
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Number of
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shares in
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the
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Company
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held through
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controlled
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corporation
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and subject
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to lock-up
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undertakings
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upon Listing
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Number of
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H Shares
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held in the
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Company
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subject to
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lock-up
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undertakings
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upon Listing
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%o ft o t a l
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issued
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H-shares
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after the
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Global
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Offering
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subject to
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lock-up
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undertakings
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upon Listing
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%o f
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shareholding
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in the
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Company
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subject to
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lock-up
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undertakings
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upon Listing
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Last day
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subject to
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the lock-up
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undertakings
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Xizang Zhifeng 198,000,000 — — — 40.59% 18 December
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2026 (Notes 3)
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Zhihui Partnership 5,853,659 — — — 1.20% 18 December
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2026 (Notes 3)
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Ms. Fan (Notes 1&2) — 203,853,659 — — 41.79% 18 December
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2026 (Notes 3)
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Mr. Lv (Notes 1&2) — 203,853,659 — — 41.79% 18 December
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2026 (Notes 3)
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Ms. He (Notes 1&2) — 203,853,659 — — 41.79% 18 December
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2026 (Notes 3)
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Xizang Shengyuan 162,000,000 — — — 33.21% 18 December
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2026 (Notes 3)
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Total 365,853,659 — — 75.00%
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Notes:
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1. As at the Latest Practicable Date, Zhihui Partnership was a limited partnership established
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under the laws of the PRC with Ms. He being its executive partner . The partnership agreement
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of Zhihui Partnership provides, among other things, that the executive partner shall be
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responsible for the management and execution of the affairs of Zhihui Partnership. As such,
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Ms. He is deemed to be interested in the 5,853,659 Shares held by Zhihui Partnership under
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the SFO as at the Latest Practicable Date.
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2. Pursuant to the AIC Confirmation, each of Ms. Fan, Mr . Lv and Ms. He was deemed to be
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interested in 198,000,000 Shares held by Xizang Zhifeng and also 5,853,659 Shares held by
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Zhihui Partnership as at the Latest Practicable Date.
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3. Under the applicable PRC laws, all existing Shareholders are subject to a lock-up period of
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twelve months following the Listing Date. The lock-up requirement under the applicable PRC
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laws is longer than the lock-up period required of Controlling Shareholders under Rule 10.07
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of the Listing Rules.
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−6−
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--- page 7 ---
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Cornerstone Investors
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Name
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Number of
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shares held in
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the Company
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subject to
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lock-up
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undertakings
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upon Listing
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Number of H
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Shares held
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in the
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Company
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subject to
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lock-up
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undertakings
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upon Listing
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% of total
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issued
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H-shares
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after the
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Global
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Offering
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subject to
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lock-up
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undertakings
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upon Listing
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%o f
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shareholding
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in the
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Company
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subject to
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lock-up
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undertakings
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upon Listing
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Last day
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subject to the
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lock-up
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undertakings
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Sparky
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International
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Company
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Limited 32,000,000 32,000,000 26.24% 6.56% 18 June 2026
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Greater Bay Area Homeland Investments Limited
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- GIGA Industries
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Limited 11,086,000 11,086,000 9.09% 2.27% 18 June 2026
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- Poly Platinum
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Enterprises
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Limited 6,651,000 6,651,000 5.45% 1.36% 18 June 2026
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Subtotal 17,737,000 17,737,000 14.54% 3.63% 18 June 2026
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Total 49,737,000 49,737,000 40.78% 10.19%
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Note: Each of the Cornerstone Investors shall not dispose of any of the Offer Shares acquired in
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the Global Offering during the period of six months from and including the Listing Date save
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for certain limited circumstances pursuant to the relevant Cornerstone Investment
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Agreements. For details, please refer to the section headed “Cornerstone Investors —
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Restrictions on the Cornerstone Investors” of the Prospectus.
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−7−
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--- page 8 ---
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PLACEE CONCENTRATION ANALYSIS
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Placees
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Number of
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H Shares
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allotted
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Allotment as
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%o f
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International
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Offering
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Allotment
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as % of
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total Offer
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Shares
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Number of
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Shares
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held upon
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Listing
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% of total
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issued
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share
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capital
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upon
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Listing
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Top 1 32,000,000 29.16% 26.24% 32,000,000 6.56%
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Top 5 74,687,000 68.05% 61.24% 74,687,000 15.31%
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Top 10 89,447,000 81.50% 73.35% 89,447,000 18.34%
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Top 25 103,837,000 94.61% 85.15% 103,837,000 21.29%
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Notes:
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1. Ranking of placees is based on the number of H Shares allotted to the placees.
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2. For the purpose of the shareholder concentration analysis, all Shares held by GIGA Industries
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and Poly Platinum are aggregated.
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H SHAREHOLDERS CONCENTRATION ANALYSIS
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H Shareholders
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Number of
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H Shares
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allotted
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Allotment as
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%o f
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International
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Offering
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Allotment
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a s%o f
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total Offer
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Shares
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Number of
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H Shares
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held upon
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Listing
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% of total
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issued H
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Shares
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capital
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upon
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Listing
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Number of
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Shares
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held upon
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Listing
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Top 1 32,000,000 29.16% 26.24% 32,000,000 26.24% 32,000,000
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Top 5 74,687,000 68.05% 61.24% 74,687,000 61.24% 74,687,000
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Top 10 89,447,000 81.50% 73.35% 89,447,000 73.35% 89,447,000
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Top 25 103,837,000 94.61% 85.15% 103,837,000 85.15% 103,837,000
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Notes
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1. Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon
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Listing.
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2. For the purpose of the shareholder concentration analysis, all Shares held by GIGA Industries
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and Poly Platinum are aggregated.
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−8−
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--- page 9 ---
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SHAREHOLDER CONCENTRATION ANALYSIS
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Shareholders
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Number of
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H Shares
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allotted
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Allotment as
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%o f
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International
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Offering
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Allotment
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a s%o f
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total Offer
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Shares
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Number of
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H Shares
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held upon
|
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Listing
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Number of
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Shares
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held upon
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Listing
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% of total
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issued
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share
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capital
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upon
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Listing
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Top 1 0 0.00% 0.00% 0 203,853,659 41.79%
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Top 5 58,537,000 53.33% 48.00% 58,537,000 424,390,659 87.00%
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Top 10 85,247,000 77.67% 69.90% 85,247,000 451,100,659 92.48%
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Top 25 102,767,000 93.63% 84.27% 102,767,000 468,620,659 96.07%
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Notes
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1. Ranking of Shareholders is based on the number of Shares (of all classes) held by the
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Shareholder upon Listing.
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2. For the purpose of the shareholder concentration analysis, (i) all Shares held by GIGA
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Industries and Poly Platinum are aggregated; and (ii) all Shares held by Xizang Zhifeng and
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Zhihui Partnership are aggregated.
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−9−
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--- page 10 ---
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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
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Subject to the satisfaction of the conditions set out in the Prospectus, a total of
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177,542 valid applications made by the public will be conditionally allocated on the
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basis set out below:
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NO. OF H
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SHARES
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APPLIED
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FOR
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NO. OF V ALID
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APPLICATIONS BASIS OF ALLOTMENT/BALLOT
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APPROXIMATE
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PERCENTAGE
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ALLOTTED OF
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THE TOTAL
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NO. OF H
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SHARES
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APPLIED FOR
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POOL A
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1,000 47,424 474 out of 47,424 to receive 1,000 Shares 1.00%
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2,000 28,245 311 out of 28,245 to receive 1,000 Shares 0.55%
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3,000 4,646 52 out of 4,646 to receive 1,000 Shares 0.37%
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4,000 3,232 37 out of 3,232 to receive 1,000 Shares 0.29%
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5,000 3,589 43 out of 3,589 to receive 1,000 Shares 0.24%
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6,000 1,794 22 out of 1,794 to receive 1,000 Shares 0.20%
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7,000 1,287 16 out of 1,287 to receive 1,000 Shares 0.18%
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8,000 1,854 24 out of 1,854 to receive 1,000 Shares 0.16%
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9,000 1,140 15 out of 1,140 to receive 1,000 Shares 0.15%
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10,000 14,739 206 out of 14,739 to receive 1,000 Shares 0.14%
|
||
15,000 2,975 44 out of 2,975 to receive 1,000 Shares 0.10%
|
||
20,000 3,987 60 out of 3,987 to receive 1,000 Shares 0.08%
|
||
25,000 2,107 32 out of 2,107 to receive 1,000 Shares 0.06%
|
||
30,000 1,649 27 out of 1,649 to receive 1,000 Shares 0.05%
|
||
35,000 1,174 21 out of 1,174 to receive 1,000 Shares 0.05%
|
||
40,000 1,305 24 out of 1,305 to receive 1,000 Shares 0.05%
|
||
45,000 1,119 21 out of 1,119 to receive 1,000 Shares 0.04%
|
||
50,000 2,066 41 out of 2,066 to receive 1,000 Shares 0.04%
|
||
60,000 1,473 34 out of 1,473 to receive 1,000 Shares 0.04%
|
||
70,000 1,206 32 out of 1,206 to receive 1,000 Shares 0.04%
|
||
80,000 1,206 36 out of 1,206 to receive 1,000 Shares 0.04%
|
||
90,000 1,062 34 out of 1,062 to receive 1,000 Shares 0.04%
|
||
100,000 7,285 255 out of 7,285 to receive 1,000 Shares 0.04%
|
||
200,000 4,646 316 out of 4,646 to receive 1,000 Shares 0.03%
|
||
300,000 3,048 302 out of 3,048 to receive 1,000 Shares 0.03%
|
||
400,000 2,136 273 out of 2,136 to receive 1,000 Shares 0.03%
|
||
500,000 1,956 303 out of 1,956 to receive 1,000 Shares 0.03%
|
||
600,000 1,664 300 out of 1,664 to receive 1,000 Shares 0.03%
|
||
700,000 1,382 281 out of 1,382 to receive 1,000 Shares 0.03%
|
||
800,000 1,251 280 out of 1,251 to receive 1,000 Shares 0.03%
|
||
900,000 1,084 266 out of 1,084 to receive 1,000 Shares 0.03%
|
||
1,000,000 7,142 1,916 out of 7,142 to receive 1,000 Shares 0.03%
|
||
Total 160,873
|
||
Total number of Pool A successful
|
||
applicants: 6,098
|
||
−1 0−
|
||
|
||
|
||
--- page 11 ---
|
||
NO. OF H
|
||
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 B
|
||
1,500,000 7,167 1,935 out of 7,167 to receive 1,000 Shares 0.02%
|
||
2,000,000 2,110 675 out of 2,110 to receive 1,000 Shares 0.02%
|
||
2,500,000 1,297 454 out of 1,297 to receive 1,000 Shares 0.01%
|
||
3,000,000 1,055 411 out of 1,055 to receive 1,000 Shares 0.01%
|
||
3,500,000 721 303 out of 721 to receive 1,000 Shares 0.01%
|
||
4,000,000 1,003 441 out of 1,003 to receive 1,000 Shares 0.01%
|
||
5,000,000 725 363 out of 725 to receive 1,000 Shares 0.01%
|
||
6,098,000 2,591 1,516 out of 2,591 to receive 1,000 Shares 0.01%
|
||
Total 16,669
|
||
Total number of Pool B successful
|
||
applicants: 6,098
|
||
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, the Company has complied with the Listing Rules and
|
||
guidance materials in relation to the placing, allotment and listing of the Company’s
|
||
shares.
|
||
The Directors confirm that, to the best of their knowledge, the consideration paid by
|
||
the placees or the public (as the case may be) directly or indirectly for each Offer
|
||
Share subscribed for or purchased by them was the same as the final Offer Price in
|
||
addition to any brokerage, AFRC transaction levy, SFC transaction levy and trading
|
||
fee payable.
|
||
DISCLAIMERS
|
||
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong
|
||
Limited (the “ Stock Exchange ”) and Hong Kong Securities Clearing Company
|
||
Limited (“ HKSCC ”) take no responsibility for the contents of this announcement,
|
||
make no representation as to its accuracy or completeness and expressly disclaim
|
||
any liability whatsoever for any loss howsoever arising from or in reliance upon
|
||
the whole or any part of the contents of this announcement.
|
||
−1 1−
|
||
|
||
|
||
--- page 12 ---
|
||
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) or any other
|
||
jurisdiction where such distribution is prohibited by law. 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 in which such offer
|
||
or solicitation would be unlawful. The securities mentioned herein have not been,
|
||
and will not be, registered under the United States Securities Act or any state
|
||
securities law of the United States. 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 11 December 2025 issued by Xizang Zhihui Mining Co., Ltd.* (
|
||
Гᔛ౽ිᘤ
|
||
ʮ̡ ) for detailed information about the Global Offering described
|
||
below before deciding whether or not to invest in the Offer Shares.
|
||
*Potential investors of the Offer Shares should note that the the Overall
|
||
Coordinators (for themselves and on behalf of the Hong Kong Underwriters) shall
|
||
be entitled to terminate their obligations under the Hong Kong Underwriting
|
||
Agreement with immediate effect upon the occurrence of any of the events set out
|
||
in the paragraph headed “Underwriting — Underwriting Arrangements and
|
||
Expenses — Hong Kong Public Offering — Grounds for Termination of the Hong
|
||
Kong Underwriting Agreement” 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,
|
||
19 December 2025).
|
||
PUBLIC FLOAT AND FREE FLOAT
|
||
Immediately following the completion of the Global Offering, an aggregate of
|
||
121,952,000 H Shares, representing approximately 25% of the issued share capital of
|
||
our Company will be counted towards the public float, which is not less than the
|
||
prescribed percentage of H Shares required to be held in public hands of 25% under
|
||
Rule 19A.13A of the Listing Rules.
|
||
−1 2−
|
||
|
||
|
||
--- page 13 ---
|
||
The Directors confirm that, immediately following the completion of the Global
|
||
Offering, (i) no placee will, individually, be placed more than 10% of the enlarged
|
||
issued share capital of the Company immediately after the Global Offering; (ii) there
|
||
will not be any new substantial Shareholder immediately after the Global Offering;
|
||
(iii) the three largest public shareholders 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.
|
||
In accordance with the PRC Company Law, the Shares issued by the Company prior
|
||
to the Global Offering (being 365,853,659 Domestic Shares), representing 75.0% of
|
||
the total issued Shares upon Listing, will be subject to a statutory restriction on
|
||
transfer within a period of one year from the Listing Date. Additionally, the H Shares
|
||
to be issued and allotted to Cornerstone Investors (being 49,737,000 H Shares),
|
||
representing a maximum of approximately 10.19% of the total issued Shares upon
|
||
Listing, are subject to a lock-up period of six-month from the Listing Date pursuant
|
||
to the Cornerstone Investment Agreements. Save as disclosed above, no other Shares
|
||
are subject to any lock-up arrangement as at the date of this announcement.
|
||
Accordingly, approximately 14.81% of the total issued share capital of the Company
|
||
upon completion of the Global Offering will be considered as free float upon Listing.
|
||
Based on the above and an Offer Price of HK$4.51 per Offer Share, the Company will
|
||
satisfy the free float requirement under Rule 19A.13C(1) of the Listing Rules.
|
||
COMMENCEMENT OF DEALINGS
|
||
The H Share certificates will only become valid evidence of title at 8:00 a.m. on
|
||
Friday, 19 December 2025, provided that the Global Offering has become
|
||
unconditional in all aspects and the right of termination described in the section
|
||
“Underwriting — Underwriting Arrangements and Expenses — Grounds for
|
||
termination of the Hong Kong Underwriting Agreement” in the Prospectus has not
|
||
been exercised and has lapsed. 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.
|
||
−1 3−
|
||
|
||
|
||
--- page 14 ---
|
||
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on
|
||
Friday, 19 December 2025, it is expected that dealings in the H Shares on the Stock
|
||
Exchange will commence at 9:00 a.m. on Friday, 19 December 2025. The H Shares
|
||
will be traded in board lots of 1,000 H Shares each, and the stock code of the H
|
||
Shares will be 2546.
|
||
By order of the Board
|
||
Xizang Zhihui Mining Co., Ltd.*
|
||
Ms. HE Qian
|
||
Chairwoman of the Board and executive Director
|
||
Hong Kong, 18 December 2025
|
||
Directors of the Company named in the application to which this announcement relates are: (i) Ms.
|
||
He Qian as executive Director; (ii) Ms. Fan Xiulian, Mr . Lv Xijun, Mr . Lhakpa Tsering and Mr . Silang
|
||
Wangdui as non-executive Directors; and (iii) Mr . Ye Hui, Ms. Yang Xiaoyan and Ms. Dong Lijun as
|
||
independent non-executive Directors.
|
||
* For identification purpose only
|
||
−1 4−
|