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.
673 lines
25 KiB
Plaintext
673 lines
25 KiB
Plaintext
--- page 1 ---
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– 1 –
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the
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“Hong Kong Stock Exchange ”) and Hong Kong Securities Clearing Company Limited
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(“ HKSCC ”) take no responsibility for the contents of this announcement, make no
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representation as to its accuracy or completeness and expressly disclaim any liability
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whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of
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the contents of this announcement.
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Unless otherwise defined herein, capitalized terms used in this announcement shall have the
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same meanings as those defined in the prospectus dated December 31, 2024 (the
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“Prospectus ”) issued by ContiOcean Environment Tech Group Co., Ltd. (Ҧ
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ʮ̡) (the “ Company ”).
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This announcement is for information purposes only and does not constitute an invitation or
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offer to acquire, purchase or subscribe for any securities of our Company. This announcement
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is not a prospectus. Potential investors should read the Prospectus for detailed information
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about our Company and the Global Offering described below before deciding whether or not
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to invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be
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taken solely in reliance on the information provided in the Prospectus.
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This announcement is not for release, publication, distribution, directly or indirectly, in or
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into the United States (including its territories and possessions, any state of the United States
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and the District of Columbia). This announcement does not constitute or form a part of any
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offer or solicitation to purchase or subscribe for securities in the United States or in any other
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jurisdiction. The Offer Shares have not been, and will not be, registered under the United
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States Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”) or
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securities law of any state or other jurisdiction of the United States and may not be offered,
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sold, pledged or otherwise transferred within the United States, except in transactions exempt
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from, or not subject to, the registration requirements of the U.S. Securities Act. The Company
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has not intended and does not intend to make any public offer of securities in the United
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States. The Offer Shares are being offered and sold outside the United States in offshore
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transactions in reliance on Regulation S under the U.S. Securities Act.
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No stabilizing manager will be appointed, and it is anticipated that no stabilization activities
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will be carried out in relation to the Global Offering.
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The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms
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and conditions set out in the Prospectus. The Hong Kong Offer Shares will not be offered to
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any person who is outside Hong Kong and/or not resident in Hong Kong. Potential investors
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of the Offer Shares should note that the Joint Sponsors and the Joint Representatives (for
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themselves and on behalf of the Hong Kong Underwriters) shall, in their sole and absolute
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discretion, be entitled to terminate the Hong Kong Underwriting Agreement with immediate
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effect upon the occurrence of any of the events set out in the section headed “Underwriting —
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Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds for
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Termination” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the
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Listing Date (which is currently expected to be on Thursday, January 9, 2025).
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--- page 2 ---
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– 2 –
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ʮ ̡
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CONTIOCEAN ENVIRONMENT TECH GROUP CO., LTD.
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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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: 10,000,000 H Shares
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Number of Hong Kong Offer Shares : 1,894,200 H Shares (as adjusted after reallocation)
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Number of International Offer Shares : 8,105,800 H Shares (as adjusted after reallocation)
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Final Offer Price : HK$31.80 per Offer Share, plus brokerage of
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1.0%, SFC transaction levy of 0.0027%, AFRC
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transaction levy of 0.00015%, and Hong Kong
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Stock Exchange trading fee of 0.00565%
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Nominal value : RMB1.00 per H Share
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Stock Code : 2613
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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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Overall Coordinator, Joint Global Coordinator,
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Joint Bookrunner, and Joint Lead Manager
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Joint Bookrunners and Joint Lead Managers
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Joint Lead Managers
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--- page 3 ---
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– 3 –
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CONTIOCEAN ENVIRONMENT TECH GROUP CO., LTD. /
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ʮ̡
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ANNOUNCEMENT OF FINAL OFFER PRICE AND
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ALLOTMENT RESULTS
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Unless otherwise defined herein, capitalised terms used in this announcement shall have the
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same meanings as those defined in the prospectus dated December 31, 2024 (the
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“Prospectus ”) issued by ContiOcean Environment Tech Group Co., Ltd. (Ҧ
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ʮ̡) (the “ Company ”).
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SUMMARY
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Warning: In view of high concentration of shareholding in a small number of H
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Shareholders, H Shareholders and prospective investors should be aware that the price
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of the H Shares could move substantially even with a small number of H Shares traded
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and should exercise extreme caution when dealing in the H Shares.
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Company information
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Stock code 2613
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Stock short name CONTIOCEAN
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Dealings commencement date January 9, 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$31.80
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Offer Price Range HK$31.80–HK$39.80
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Offer Price Adjustment exercised N/A
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Offer Shares and Share Capital
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Number of Offer Shares 10,000,000
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Number of Offer Shares in the Hong Kong Public
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Offering (after reallocation)
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1,894,200
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Number of Offer Shares in the International
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Offering (after reallocation)
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8,105,800
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Number of issued shares upon Listing 40,000,000
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Over-allocation
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Number of Offer Shares over-allocated —
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Proceeds
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Gross proceeds Note HK$318.0 million
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Less: Estimated listing expenses payable based on
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Final Offer Price
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HK$(44.6) million
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Net proceeds HK$273.4 million
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Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
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proceeds, please refer to the section headed “Future Plans and Use of Proceeds” of the Prospectus.
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--- page 4 ---
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– 4 –
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ALLOTMENT RESULTS DETAILS
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HONG KONG PUBLIC OFFERING
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No. of valid applications 12,389
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No. of successful applications 7,755
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Subscription level 55.33 times
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Reallocation Yes
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No. of Offer Shares initially available under the Hong Kong
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Public Offering
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1,000,000
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No. of Offer Shares reallocated from the International Offering 894,200
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Final no. of Offer Shares under the Hong Kong Public Offering
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(after reallocation)
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1,894,200
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% of Offer Shares under the Hong Kong Public Offering to the
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Global Offering
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18.94%
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Note: For details of the final allocation of shares to the Hong Kong Public Offering, investors can refer to
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https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
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https://www.hkeipo.hk/iporesult for the full list of allottees.
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INTERNATIONAL OFFERING
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No. of placees 118
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Subscription level 0.95 times
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No. of Offer Shares initially available under the International
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Offering
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9,000,000
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No. of Offer Shares reallocated to the Hong Kong Public Offering 894,200
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Final no. of Offer Shares under the International Offering (after
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reallocation)
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8,105,800
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% of Offer Shares under the International Offering to the
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Global Offering
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81.06%
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The Directors confirm that, to the best of their knowledge, information and belief, (i) none of
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the Offer Shares subscribed by the placees and the public have been financed directly or
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indirectly by the Company, any of the Directors, Supervisors, chief executive of the Company,
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controlling shareholders, substantial shareholders, existing shareholders of the Company or
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any of its subsidiaries or their respective close associates; and (ii) none of the placees and the
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public who have purchased the Offer Shares are accustomed to taking instructions from the
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Company, any of the Directors, Supervisors, chief executive of the Company, controlling
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shareholders, substantial shareholders, existing shareholders of the Company or any of its
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subsidiaries or their respective close associates in relation to the acquisition, disposal, voting
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or other disposition of Shares registered in his/her/its name or otherwise held by him/her/it.
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--- page 5 ---
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– 5 –
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The placees in the International Offering include the following:
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Cornerstone Investor
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Investor
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No. of Offer
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Shares allocated
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% of Offer
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Shares
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% of total issued
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H Shares after
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the Global
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Offering
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% of total issued
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share capital
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after the
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Global Offering
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Note 2
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Existing
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shareholder or
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their close
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associate
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Harvest International
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Premium Value
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(Secondary Market) Fund
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SPC on behalf of Harvest
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Oriental SP Note 1
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2,443,000 24.43% 24.43% 6.11% No
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Total 2,443,000 24.43% 24.43% 6.11%
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Notes:
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(1) Harvest International Premium Value (Secondary Market) Fund SPC is a segregated portfolio company
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established in the Cayman Islands and is an Independent Third Party. 91% of the management shares of
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Harvest International Premium Value (Secondary Market) Fund SPC are held by Harvest Global
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Investments Limited and 9% of the management shares are held by Harvest Global Capital Investments
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Limited, as the investment manager in respect of the segregated portfolio. Harvest Oriental SP is the
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segregated portfolio of Harvest International Premium Value (Secondary Market) Fund SPC.
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(2) Based on the assumption that the options granted under the Pre-IPO Share Option Scheme are not
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exercised.
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--- page 6 ---
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– 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 held in
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the Company
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subject to lock-up
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undertakings
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upon listing
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% of total issued
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H Shares after
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the Global
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Offering subject
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to lock-up
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undertakings
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upon listing
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% of shareholding
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in the Company
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subject to lock-up
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undertakings upon
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listing Note 3
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Last day subject to the
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lock-up undertakings
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Mr. Zhou Yang Notes 1, 2 9,787,500 0 24.47% January 8, 2026 Note 4
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Mr. Zhao Mingzhu Notes 1, 2 8,156,250 0 20.39% January 8, 2026 Note 4
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Mr. Chen Zhiyuan Notes 1, 2 8,156,250 0 20.39% January 8, 2026 Note 4
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ContiOcean Corporate
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Development LLP
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(“ ContiOcean
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Development ”) Note 2
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2,400,000 0 6.00% January 8, 2026 Note 4
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Subtotal 28,500,000 0 71.25%
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Notes:
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(1) Pursuant to the concert party agreement dated October 13, 2022, Mr. Zhou Yang, Mr. Zhao Mingzhu, and
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Mr. Chen Zhiyuan are parties acting in concert.
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(2) As of the date of this announcement, each of Mr. Zhou Yang, Mr. Zhao Mingzhu, and Mr. Chen Zhiyuan is
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deemed to be interested in the 2,400,000 Shares held by ContiOcean Development, whose general partner
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is ContiOcean (Nantong) Environment Industrial Holdings Co., Ltd. (ි—(ஷ)ʮ̡),
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a company owned as to 37.50% by Mr. Zhou Yang, 31.25% by Mr. Zhao Mingzhu and 31.25% by Mr. Chen
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Zhiyuan.
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(3) Based on the assumption that the options granted under the Pre-IPO Share Option Scheme are not
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exercised.
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(4) According to the PRC Company Law, all the Shares held by the existing Shareholders prior to the Global
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Offering are subject to a lock-up period of one year from the Listing Date.
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--- page 7 ---
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– 7 –
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Existing Shareholder (other than the Controlling Shareholders as defined in the
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Prospectus)
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Name
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Number of Shares
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held in the
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Company subject to
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lock-up
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undertakings upon
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listing
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% of total issued H
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Shares after the
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Global Offering
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subject to lock-up
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undertakings upon
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listing
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% of shareholding
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in the Company
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subject to lock-up
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undertakings upon
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listing Note 1
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Last day subject to
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the lock-up
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undertakings
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Mr. Shu Wa Tung,
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Laurence
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1,500,000 0 3.75% January 8, 2026
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Note 2
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Subtotal 1,500,000 0 3.75%
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Notes:
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(1) Based on the assumption that the options granted under the Pre-IPO Share Option Scheme are not
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exercised.
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(2) According to the PRC Company Law, all the Shares held by the existing Shareholders prior to the Global
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Offering are subject to a lock-up period of one year from the Listing Date.
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Cornerstone Investor
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Name
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No. of 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 H
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Shares after
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the 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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% of
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shareholding
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in 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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Note 1
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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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Harvest International
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Premium Value
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(Secondary
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Market) Fund
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SPC on behalf of
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Harvest Oriental
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SP
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2,443,000 24.43% 24.43% 6.11% July 8, 2025
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Note 2
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Subtotal 2,443,000 24.43% 24.43% 6.11%
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Notes:
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(1) Based on the assumption that the options granted under the Pre-IPO Share Option Scheme are not
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exercised.
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(2) The Cornerstone Investor shall not dispose of any of the Offer Shares subscribed pursuant to the
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cornerstone investment agreement on or before the indicated date.
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--- page 8 ---
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– 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 allotted
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Allotment
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as % of
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International
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Offering
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Allotment
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as % of total
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Offer Shares
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Number of
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Shares held
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upon Listing
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% of total
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issued share capital
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upon Listing
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Top 1 2,443,000 30.14% 24.43% 2,443,000 6.11%
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Top 5 5,790,500 71.44% 57.91% 5,790,500 14.48%
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Top 10 7,523,900 92.82% 75.24% 7,523,900 18.81%
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Top 25 8,095,500 99.87% 80.96% 8,095,500 20.24%
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Notes
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* Ranking of placees is based on the number of H Shares allotted to the placees.
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--- page 9 ---
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– 9 –
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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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Number of
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H Shares
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allocated
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under
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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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International
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Offering
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Allotment
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as % of total
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Offer 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
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H Shares
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capital upon
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Listing
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Number of
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Shares held
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upon Listing
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Top 1 2,443,000 2,443,000 30.14% 24.43% 2,443,000 24.43% 2,443,000
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Top 5 5,790,500 5,790,500 71.44% 57.91% 5,790,500 57.91% 5,790,500
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Top 10 7,523,900 7,523,900 92.82% 75.24% 7,523,900 75.24% 7,523,900
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Top 25 8,477,000 8,058,100 99.41% 84.77% 8,477,000 84.77% 8,477,000
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Notes
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* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
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--- page 10 ---
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– 10 –
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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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Number of
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H Shares
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allocated
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under
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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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International
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Offering
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Allotment
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as %
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of total
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Offer 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 held
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upon 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 Listing
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Top 1 0 0 0.00% 0.00% 0 28,500,000 71.25%
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Top 5 4,483,500 4,483,500 55.31% 44.84% 4,483,500 34,483,500 86.21%
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Top 10 7,063,600 7,063,600 87.14% 70.64% 7,063,600 37,063,600 92.66%
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Top 25 8,418,400 8,058,100 99.41% 84.18% 8,418,400 38,418,400 96.05%
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Notes
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* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
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--- page 11 ---
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– 11 –
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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
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No. of Shares
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Applied For
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No. of Valid
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Application Basis of Allocation
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Approx. %
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Allotted of the
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Total No. of
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Hong Kong
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Offer Shares
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Applied For
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POOL A
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100 5,603 2,242 out of 5,603 applicants to receive 100 shares 40.01%
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200 1,320 654 out of 1,320 applicants to receive 100 shares 24.77%
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300 338 190 out of 338 applicants to receive 100 shares 18.74%
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400 156 96 out of 156 applicants to receive 100 shares 15.38%
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500 439 288 out of 439 applicants to receive 100 shares 13.12%
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600 107 75 out of 107 applicants to receive 100 shares 11.68%
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700 50 37 out of 50 applicants to receive 100 shares 10.57%
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800 77 59 out of 77 applicants to receive 100 shares 9.58%
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900 41 33 out of 41 applicants to receive 100 shares 8.94%
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1,000 813 660 out of 813 applicants to receive 100 shares 8.12%
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1,500 304 280 out of 304 applicants to receive 100 shares 6.14%
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2,000 445 100 shares plus 2 out of 445 applicants to receive an
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additional 100 shares
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5.02%
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2,500 177 100 shares plus 14 out of 177 applicants to receive an
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additional 100 shares
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4.32%
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3,000 187 100 shares plus 26 out of 187 applicants to receive an
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additional 100 shares
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3.80%
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3,500 85 100 shares plus 17 out of 85 applicants to receive an
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additional 100 shares
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3.43%
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4,000 132 100 shares plus 32 out of 132 applicants to receive an
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additional 100 shares
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3.11%
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4,500 118 100 shares plus 34 out of 118 applicants to receive an
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additional 100 shares
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2.86%
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5,000 408 100 shares plus 135 out of 408 applicants to receive an
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additional 100 shares
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2.66%
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6,000 199 100 shares plus 81 out of 199 applicants to receive an
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additional 100 shares
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2.35%
|
||
7,000 80 100 shares plus 39 out of 80 applicants to receive an
|
||
additional 100 shares
|
||
2.13%
|
||
8,000 98 100 shares plus 53 out of 98 applicants to receive an
|
||
additional 100 shares
|
||
1.93%
|
||
9,000 40 100 shares plus 24 out of 40 applicants to receive an
|
||
additional 100 shares
|
||
1.78%
|
||
|
||
|
||
--- page 12 ---
|
||
– 12 –
|
||
No. of Shares
|
||
Applied For
|
||
No. of Valid
|
||
Application Basis of Allocation
|
||
Approx. %
|
||
Allotted of the
|
||
Total No. of
|
||
Hong Kong
|
||
Offer Shares
|
||
Applied For
|
||
10,000 505 100 shares plus 327 out of 505 applicants to receive an
|
||
additional 100 shares
|
||
1.65%
|
||
20,000 256 200 shares plus 10 out of 256 applicants to receive an
|
||
additional 100 shares
|
||
1.02%
|
||
30,000 88 200 shares plus 28 out of 88 applicants to receive an
|
||
additional 100 shares
|
||
0.77%
|
||
40,000 31 200 shares plus 17 out of 31 applicants to receive an
|
||
additional 100 shares
|
||
0.64%
|
||
50,000 55 200 shares plus 39 out of 55 applicants to receive an
|
||
additional 100 shares
|
||
0.54%
|
||
60,000 26 200 shares plus 23 out of 26 applicants to receive an
|
||
additional 100 shares
|
||
0.48%
|
||
70,000 15 300 shares 0.43%
|
||
80,000 11 300 shares plus 2 out of 11 applicants to receive an
|
||
additional 100 shares
|
||
0.40%
|
||
90,000 22 300 shares plus 6 out of 22 applicants to receive an
|
||
additional 100 shares
|
||
0.36%
|
||
100,000 125 300 shares plus 43 out of 125 applicants to receive an
|
||
additional 100 shares
|
||
0.33%
|
||
|
||
Total: 12,351
|
||
No. of Shares
|
||
Applied For
|
||
No. of Valid
|
||
Application Basis of Allocation
|
||
Approx.%
|
||
Allotted of the
|
||
Total No. of
|
||
Hong Kong
|
||
Offer Shares
|
||
Applied For
|
||
POOL B
|
||
200,000 27 19,500 shares plus 17 out of 27 applicants to receive an
|
||
additional 100 shares
|
||
9.78%
|
||
300,000 5 29,300 shares 9.77%
|
||
400,000 2 39,000 shares 9.75%
|
||
500,000 4 48,600 shares 9.72%
|
||
Total: 38
|
||
|
||
|
||
--- page 13 ---
|
||
– 13 –
|
||
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 H Shares.
|
||
The Directors confirm that, to the best of their knowledge, the consideration paid by the
|
||
placees or the public (as the case may be) directly or indirectly for each Offer Share
|
||
subscribed for or purchased by them was the same as the Offer Price in addition to any
|
||
brokerage, AFRC transaction levy, SFC transaction levy and trading fee payable.
|
||
|
||
|
||
--- page 14 ---
|
||
– 14 –
|
||
OTHERS/ADDITIONAL INFORMATION
|
||
Reallocation
|
||
As the International Offer Shares have been undersubscribed and the Hong Kong Offer
|
||
Shares have been oversubscribed, the reallocation procedure as described in the section
|
||
headed “Structure of the Global Offering — The Hong Kong Public Offering —
|
||
Reallocation” in the Prospectus has been applied.
|
||
The number of Offer Shares initially available under the Hong Kong Public Offering is
|
||
1,000,000 H Shares, representing 10% of the total number of Offer Shares initially available
|
||
under the Global Offering. As a result of such reallocation, the final number of Offer Shares
|
||
under the Hong Kong Public Offering is adjusted to 1,894,200 H Shares, representing
|
||
approximately 18.94% of the total number of Offer Shares available under the Global
|
||
Offering.
|
||
Each of the Directors, the Joint Sponsors and the Joint Representatives (for themselves and
|
||
on behalf of the Underwriters) confirms that the reallocation of 894,200 Offer Shares from
|
||
the International Offering to the Hong Kong Public Offering, which results in the total
|
||
number of the Offer Shares available under the Hong Kong Public Offering to increase to
|
||
1,894,200 Offer Shares, representing approximately 18.94% of the number of the Offer
|
||
Shares initially available under the Global Offering, is in compliance with the restrictions
|
||
set forth under paragraphs 8 and 9 of the Chapter 4.14 of the Guide For New Listing
|
||
Applicants.
|
||
|
||
|
||
--- page 15 ---
|
||
– 15 –
|
||
DISCLAIMERS
|
||
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited
|
||
(the “ Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC”)
|
||
take no responsibility for the contents of this announcement, make no representation as to
|
||
its accuracy or completeness and expressly disclaim any liability whatsoever for any loss
|
||
howsoever arising from or in reliance upon the whole or any part of the contents of this
|
||
announcement.
|
||
This announcement is not for release, publication, distribution, directly or indirectly, in or
|
||
into the United States (including its territories and possessions, any state of the United
|
||
States and the District of Columbia). This announcement does not constitute or form a part
|
||
of any offer or solicitation to purchase or subscribe for securities in the United States. The
|
||
securities mentioned herein have not been, and will not be, registered under the United
|
||
States Securities Act of 1933, as amended (the “ U.S. Securities Act ”). The securities may
|
||
not be offered or sold in the United States except pursuant to an exemption from the
|
||
registration requirements of the U.S. Securities Act and in compliance with any applicable
|
||
state securities laws, or outside the United States unless in compliance with Regulation S
|
||
under the U.S. Securities Act. There will be no public offer of securities in the United States.
|
||
The Offer Shares are being offered and sold 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 December 31, 2024 issued
|
||
by ContiOcean Environment Tech Group Co., Ltd. for detailed information about the Global
|
||
Offering described below before deciding whether or not to invest in the Shares thereby
|
||
being offered.
|
||
Potential investors of the Offer Shares should note that the Joint Representatives (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 — Hong Kong
|
||
Underwriting Agreement — Grounds for Termination” in the Prospectus at any time prior
|
||
to 8:00 a.m. (Hong Kong time) on the Listing Date (which is currently expected to be on
|
||
Thursday, January 9, 2025).
|
||
|
||
|
||
--- page 16 ---
|
||
– 16 –
|
||
PUBLIC FLOAT
|
||
Immediately following the completion of the Global Offering, an aggregate of 10,000,000 H
|
||
Shares or approximately 25.0% of the total issued share capital of the Company will be held
|
||
in the public hands. Therefore, the number of H Shares in the public hands represents no less
|
||
than 25% of the total issued share capital of the Company, satisfying the minimum percentage
|
||
requirement in compliance with Rule 8.08(1) of the Listing Rules.
|
||
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
|
||
do not hold more than 50% of the Shares held in the public hands at the time of the Listing in
|
||
compliance with Rules 8.08(3) and 8.24 of the Listing Rules; and (iv) there will be at least
|
||
300 Shareholders at the time of the Listing in compliance with Rule 8.08(2) of the Listing
|
||
Rules.
|
||
COMMENCEMENT OF DEALINGS
|
||
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Thursday,
|
||
January 9, 2025 (Hong Kong time), provided that the Global Offering has become
|
||
unconditional and the right of termination described in the paragraph 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. Thursday,
|
||
January 9, 2025 (Hong Kong time), it is expected that dealings in the H Shares on the Stock
|
||
Exchange will commence at 9:00 a.m. on Thursday, January 9, 2025 (Hong Kong time). The
|
||
H Shares will be traded in board lots of 100 H Shares each, and the stock code of the H Shares
|
||
will be 2613.
|
||
By order of our Board
|
||
ContiOcean Environment Tech Group Co., Ltd.
|
||
Mr. Zhou Yang
|
||
Chairperson of the Board and Executive Director
|
||
Hong Kong, January 8, 2025
|
||
As of the date of this announcement, the Board comprises: (i) Mr. Zhou Yang, Mr. Zhao
|
||
Mingzhu, Mr. Chen Zhiyuan, Mr. Shu Wa Tung, Laurence and Mr. Chen Rui as executive
|
||
directors; and (ii) Dr. Guan Yanmin, Mr. Zhu Rongyuan and Ms. Ng Sin Kiu as proposed
|
||
independent non-executive directors.
|