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e346690bb71a77658216565de87966ff32c750b6
hk-ipo/data/extracted_text/01392/allotment_results_2026-06-18_2026061802066.txt
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geometrybase e346690bb7 Archive current HKEX IPO candidates 
Request:
- Use the analyst workflow to analyze the latest Hong Kong IPOs, connect their source data, and produce a current report.

Changes:
- Added a current HKEX New Listing Information page seeder that archives the official page, seeds visible tickers, and records source_refs.
- Archived current HKEX prospectus and allotment-result sources for the 16 visible Main Board candidates and extracted their text.
- Extended prospectus parsing for offer price, derived gross proceeds, HDR offerings, and listing-date text extracted with split characters.
- Rebuilt the analysis dataset and added a Chinese 2026-06-21 latest IPO report separating live T0 watchlist names from past-cutoff T1/D1 candidates.

Verification:
- Ran py_compile for update_recent_ipo_list.py, archive_hkex_current_new_listings.py, archive_hkex_documents.py, and build_analysis_dataset.py.
- Re-ran HKEX current page seeding, document archiving, and analysis dataset build as of 2026-06-21T08:44:59Z.
- Ran git diff --check and git diff --cached --check.
- Ran SQLite integrity_check and foreign_key_check.
- Verified source_refs paths, file existence, SHA-256 hashes, and report source paths.

Next useful context:
- Capture T0.95 market heat before the 2026-06-23 and 2026-06-24 order cutoffs before converting the new watchlist into execution calls.
- Treat 02667 as a stale/special HKEX page item until a fresh June timetable or official result appears.
2026-06-21 09:05:13 +00:00

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--- page 1 ---
– 1 –
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
Exchange”, or the “Hong Kong 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.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings
as those defined in the prospectus dated Thursday, 11 June 2026 (the “Prospectus”) of Shenzhen HQVT
Technology Co., Ltd. (ʮ̡) (the “Company”). This announcement is made by
the order of the board (the “Board”) of directors (the “Directors”) of the Company. The Board collectively
and individually accept responsibility for the accuracy of this announcement.
This announcement is for information purposes only and does not constitute an invitation or offer to acquire,
purchase or subscribe for any securities. This announcement is not a prospectus. Potential investors should
read the Prospectus for detailed information about the Global Offering described below before deciding
whether or not to invest in the Offer Shares. Any investment decision in relation to the Offer Shares should be
taken solely in reliance on the information provided in the Prospectus.
This announcement is not for release, publication or 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 laws). This announcement does not constitute
or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in
any other jurisdictions. The securities mentioned herein have not been, and will not be, registered under the
United States Securities Act of 1933 as amended from time to time (the “U.S. Securities Act”) or securities
law of any state or other jurisdiction of the United States. The securities may not be offered, sold, pledged
or otherwise transferred within the United States except pursuant to an exemption from the registration
requirements of the U.S. Securities Act and in compliance with any applicable state securities laws, or (1)
solely to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act pursuant to
an exemption from registration under the U.S. Securities Act and (2) 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 Hong Kong Offer Shares will be offered to the public in Hong Kong subject to terms and conditions
set out in the Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside
Hong Kong and/or not resident in Hong Kong. Potential investors of the Offer Shares should note that the
Joint Sponsors and the Sponsor-Overall Coordinators (for themselves and on behalf of the Hong Kong
Underwriters) shall be entitled to terminate the Hong Kong Underwriting Agreement with immediate effect
upon the occurrence of any of the events set out in the section headed “Underwriting — Underwriting
Arrangements and Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus
at any time prior to 8:00 a.m. on the Listing Date.
--- page 2 ---
– 2 –
Shenzhen HQVT Technology Co., Ltd.
深圳海清智元科技股份有限公司
(A joint stock company incorporated in the People’s Republic of China with limited liability)
Global Offering
Number of Offer Shares under
the Global Offering:
85,162,500 H Shares
Number of Hong Kong Offer Shares: 8,516,500 H Shares
Number of International Placing Shares: 76,646,000 H Shares
Final Offer Price: HK$7.20 per Offer Share, plus brokerage
of 1.0%, SFC transaction levy of
0.0027%, Stock Exchange trading fee
of 0.00565% and AFRC transaction
levy of 0.00015%
Nominal value: RMB0.0125 per H Share
Stock code: 1392
Joint Sponsors, Sponsor-Overall Coordinators, Overall Coordinators,
Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers
Financial Adviser
Overall Coordinator, Joint Global Coordinator, Joint Bookrunner and
Joint Lead Manager
Joint Bookrunners and Joint Lead Managers
SOMERLEY CAPITAL LIMITED
--- page 3 ---
-3-
SHENZHEN HQVT TECHNOLOGY CO., LTD.
深圳海清智元科技股份有限公司
ANNOUNCEMENT OF ALLOTMENT RESULTS
Warning: In view of high concentration of shareholding in a small number of H Shareholders, H
Shareholders and prospective investors should be aware that the price of the H Shares could move
substantially even with a small number of the H Shares traded and should exercise extreme caution
when dealing in the H Shares.
SUMMARY
Company information
Stock code 1392
Stock short name HQVT
Dealings commencement date 22 June 2026*
*see note at the end of the announcement
Price Information
Offer Price HK$7.20
Offer Shares and Share Capital
Number of Offer Shares 85,162,500
Final Number of Offer Shares in Hong Kong Public Offering 8,516,500
Final Number of Offer Shares in International Placing 76,646,000
Number of issued Shares upon Listing 774,208,420
Proceeds
Gross proceeds (Note) HK$613.17 million
Less: Estimated listing expenses payable based on Offer
Price
HK$76.34 million
Net proceeds HK$536.83 million
Note: Gross proceeds refers to the amount which the Company is entitled to receive. For details of the use
of proceeds, please refer to the section headed “Future Plans and Use of Proceeds” of the Prospectus dated
11 June 2026.
--- page 4 ---
-4-
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFERING
No. of valid applications 252,640
No. of successful applications 17,033
Subscription level 7,181.21 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong Public
Offering
8,516,500 H Shares
No. of Offer Shares reallocated from the International Placing 0
Final no. of Offer Shares under the Hong Kong Public Offering 8,516,500 H Shares
% of Offer Shares under the Hong Kong Public Offering to the
Global Offering
10%
Note: For details of the final allocation of H Shares to the Hong Kong Public Offering, investors can refer to
https://www.hkeipo.hk/iporesult to perform a search by name or identification number or
https://www.hkeipo.hk/iporesult for the full list of allottees.
INTERNATIONAL PLACING
No. of placees 137
Subscription level 4.81 times
No. of Offer Shares initially available under the International
Placing
76,646,000 H Shares
No. of Offer Shares reallocated to the Hong Kong Public Offering 0
Final no. of Offer Shares under the International Placing 76,646,000 H Shares
% of final no. of Offer Shares under the International Placing to the
Global Offering
90%
The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
Directors, chief executive of the Company, Controlling Shareholders, substantial Shareholders, existing
Shareholders of the Company or any of its subsidiaries or their respective close associates; (ii) none of the
placees and the public who have purchased the Offer Shares are accustomed t o taking instructions from the
Company, any of the Directors, chief executive of the Company, Controlling Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective close
associates in relation to the acquisition, disposal, voting or other disposition of Shares registered in his/her/its
name or otherwise held by him/her/it.
--- page 5 ---
-5-
LOCK-UP UNDERTAKINGS
Controlling Shareholders
Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-up
undertakings
upon Listing
% of
shareholding in
the
Company subject
to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings
Note 1
Zhou Bo
(“Mr. Zhou”)
(周波) Note3
41,082,080 41,082,080 5.43% 5.31% 21
December 2026
(First Six-
Month Period)
21 June 2027
(Second Six-
Month
Period)Note2
Shenzhen
Zhongcheng
Tianying
Venture
Capital
Partnership
(Limited
Partnership)(“
Zhongcheng
Tianying”)
(深圳市眾誠
天盈創業投資
合夥企業(有
限合夥)) Note3
264,150,960 264,150,960 34.93% 34.12% 21
December 2026
(First Six-
Month Period)
21 June 2027
(Second Six-
Month
Period)Note2
Shenzhen
Zhongzheng
Tianying
Venture
Capital
Partnership
(Limited
Partnership)
(“Zhongzheng
Tianying”)
(深圳市眾正
19,200,000 19,200,000 2.54% 2.48% 21
December 2026
(First Six-
Month Period)
21 June 2027
(Second Six-
Month
Period)Note2
--- page 6 ---
-6-
Name
Number of
Shares held in
the Company
subject to
lock-up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-up
undertakings
upon Listing
% of
shareholding in
the
Company subject
to
lock-up
undertakings
upon Listing
Last day
subject to
the lock-up
undertakings
Note 1
天盈創業投資
合夥企業(有
限合夥)) Note3
Shenzhen
Zhongzhi
Tianying
Venture
Capital
Partnership
(Limited
Partnership)
(“Zhongzhi
Tianying”) (深
圳市眾知天盈
創業投資合夥
企業(有限合
夥)) Note3
12,329,040 12,329,040 1.63% 1.59% 21
December 2026
(First Six-
Month Period)
21 June 2027
(Second Six-
Month
Period)Note2
Subtotal 336,762,080 336,762,080 44.53% 43.50%
Notes:
1. In accordance with the relevant Listing Rules/guidance materials, the required lock-up for the first six-month period ends on 21 December
2026 and for the second six -month period, on 21 June 2027. In addition, pursuant to the applicable PRC law, within the 12 months
following the Listing Date, all existing Shareholders (including the Controlling Shareholders) are prohibited from disposing of any of the
Shares held by them.
2. The Controlling Shareholders will cease to be prohibited from disposing of or transferring Shares after the indicated date.
3. Upon Listing, Mr. Zhou, Zhongcheng Tianying, Zhongzheng Tianying and Zhongzhi Tianying will be, in aggregate, entitled to control the
exercise of approximately 43.50% of the voting rights and therefore will remain as a group of Controlling Shareholders . For further
details, please refer to “Relationship with Controlling Shareholders” in the Prospectus. This subsection illustrates their di rect
shareholding in the Company, and each of them is subject to the same lock-up as disclosed above.
--- page 7 ---
-7-
Other Existing Shareholders (including the Pre-IPO Investors as defined in the “History, Development
and Corporate Structure” section of the Prospectus)
Name
Number of
Shares held in
the Company
subject to lock-
up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-
up
undertakings
upon Listing Note
% of
shareholding in
the
Company
subject to
lock-up
undertakings
upon Listing Note
Last day
subject to
the lock-up
undertakings
Note
Shenzhen Langke
Investment Co.,
Ltd. (深圳市朗科
投資有限公司)
14,400,000 14,400,000 1.90% 1.86% 21 June 2027
Shenzhen Kaiying
No. 8
Venture Capital
Partnership
(Limited
Partnership) (深圳
凱盈八號創業投資
合夥企業(有限合
夥))
8,722,560 8,722,560 1.15% 1.13% 21 June 2027
Shenzhen Kaiying
No. 9
Venture Capital
Partnership(Limited
Partnership) (深圳
凱盈九號創業投資
合夥企業(有限合
夥))
8,722,560 8,722,560 1.15% 1.13% 21 June 2027
Shenzhen Kaiying
No.10
Venture Capital
Partnership
Enterprise (Limited
Partnership) (深圳
凱盈十號創業投資
合夥企業(有限合
夥))
13,530,320 13,530,320 1.80% 1.75% 21 June 2027
Shenzhen Taolue
New Energy
52,335,360 52,335,360 6.92% 6.76% 21 June 2027
--- page 8 ---
-8-
Name
Number of
Shares held in
the Company
subject to lock-
up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-
up
undertakings
upon Listing Note
% of
shareholding in
the
Company
subject to
lock-up
undertakings
upon Listing Note
Last day
subject to
the lock-up
undertakings
Note
Equity Investment
Fund
Partnership
Enterprise (Limited
Partnership) (深圳
韜略新能源股權投
資基金合夥企業
(有限合夥))
Shenzhen Taolue
Xinwang
Venture Capital
Partnership
Enterprise (Limited
Partnership) (深圳
韜略信旺創業投資
合夥企業(有限合
夥))
9,664,480 9,664,480 1.28% 1.25% 21 June 2027
Jinhua Jinlan
Sunshine Strategy
Venture Capital
Partnership
(Limited
Partnership) (金華
市金蘭陽光韜略創
業投資合夥企業
(有限合夥))
40,356,880 40,356,880 5.34% 5.21% 21 June 2027
Shenzhen HTI
Venture Capital
Co., Ltd. (深圳市
高新投創業投資有
限公司)
13,894,320 13,894,320 1.84% 1.79% 21 June 2027
Chengdu Shengao
Investment
Zhongxiaodan
Entrepreneurship
11,810,240 11,810,240 1.56% 1.53% 21 June 2027
--- page 9 ---
-9-
Name
Number of
Shares held in
the Company
subject to lock-
up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-
up
undertakings
upon Listing Note
% of
shareholding in
the
Company
subject to
lock-up
undertakings
upon Listing Note
Last day
subject to
the lock-up
undertakings
Note
Equity Investment
Fund Partnership
Enterprise (Limited
Partnership) (成都
深高投中小擔創業
股權投資基金合夥
企業(有限合夥))
Shenzhen City
Talent Innovation
Venture II Equity
Investment Fund
Partnership
(Limited
Partnership) (深圳
市人才創新創業二
號股權投資基金合
夥企業(有限合夥))
5,557,680 5,557,680 0.74% 0.72% 21 June 2027
Beward Invest
Limited (畢沃德貿
易(深圳)有限公司)
68,780,320 68,780,320 9.10% 8.88% 21 June 2027
Chen Yonggang (陳
永剛)
23,774,800 23,774,800 3.14% 3.07% 21 June 2027
Xia Dong (夏東) 23,040,000 23,040,000 3.05% 2.98% 21 June 2027
Zhu Zhenkui (朱振
奎)
18,064,480 — — 2.33% 21 June 2027
Shenzhen Shenrong
Ruihe Venture
Capital Partnership
(Limited
Partnership) (深圳
深蓉瑞合創業投資
合夥企業(有限合
夥))
2,084,080 2,084,080 0.28% 0.27% 21 June 2027
Shenzhen Xiaohe
Investment
1,389,440 1,389,440 0.18% 0.18% 21 June 2027
--- page 10 ---
-10-
Name
Number of
Shares held in
the Company
subject to lock-
up
undertakings
upon
Listing
Number of
H Shares
held in the
Company
subject to
lock-up
undertakings
upon
Listing
% of total issued
H Shares after
the
Global Offering
subject to lock-
up
undertakings
upon Listing Note
% of
shareholding in
the
Company
subject to
lock-up
undertakings
upon Listing Note
Last day
subject to
the lock-up
undertakings
Note
Partnership
(Limited
Partnership) (深圳
市小禾創業投資合
夥企業(有限合夥))
Shenzhen Fuquan
No.1 Investment
Partnership
Enterprise (Limited
Partnership) (深圳
福泉壹號投資合夥
企業(有限合夥))
5,798,720 5,798,720 0.77% 0.75% 21 June 2027
Shenzhen Panhui
Investment
Development Co.,
Ltd. （深圳市攀輝
投資發展有限公
司）
6,726,160 6,726,160 0.89% 0.87% 21 June 2027
Hainan Kezhihua
Digital Technology
Co., Ltd. (海南科
智華數字技術有限
公司)
13,926,560 13,926,560 1.84% 1.79% 21 June 2027
Shanghai No. 9
Private
Investment Fund
Partnership
Enterprise (Limited
Partnership) (上海
值得九號私募投資
基金合夥企業(有
限合夥))
9,704,880 9,704,880 1.28% 1.25% 21 June 2027
Subtotal 352,283,840 334,219,360 44.21% 45.50%
Note: Pursuant to the applicable PRC law, within the 12 months following the Listing Date, all existing Shareholders
(including the Pre-IPO Investors) are prohibited from disposing of any of the Shares held by them.
--- page 11 ---
-11-
PLACEE CONCENTRATION ANALYSIS
Placees* Number of
H Shares
allotted
Allotment
as % of
International
Placing
Allotment
as % of total
Offer Shares
Number of
Shares held
upon
Listing
% of total
issued share
capital upon
Listing
Top 1 10,095,000 13.17% 11.85% 10,095,000 1.30%
Top 5 28,338,500 36.97% 33.28% 28,338,500 3.66%
Top 10 39,170,000 51.11% 45.99% 39,170,000 5.06%
Top 25 53,622,500 69.96% 62.96% 53,622,500 6.93%
Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.
H SHAREHOLDERS CONCENTRATION ANALYSIS
H
Shareholders*
Number
of
H Shares
allotted
Allotment
as % of
Internationa
l Placing
Allotment
as % of
total
Offer
Shares
Number of
Shares held
upon
Listing
% of
total
issued
H
Shares
capital
upon
Listing
Number of
Shares held
upon
Listing
Top 1 0 0.00% 0.00% 336,762,080 44.54% 336,762,080
Top 5 0 0.00% 0.00% 584,536,800 77.30% 584,536,800
Top 10 10,095,000 13.17% 11.85% 665,078,040 87.96% 665,078,040
Top 25 41,921,000 54.69% 49.22% 712,902,440 94.28% 712,902,440
Note:
* Ranking of H Shareholders is based on the number of H Shares held by the Shareholders upon Listing.
--- page 12 ---
-12-
SHAREHOLDERS CONCENTRATION ANALYSIS
Shareholders* Number
of
H Shares
allotted
Allotment
as % of
Internationa
l Placing
Allotment
as % of
total
Offer
Shares
Number of
H Shares
held upon
Listing
Number of
Shares held
upon
Listing
% of
total
issued
share
capital
upon
Listing
Top 1 0 0.00% 0.00% 336,762,080 336,762,080 43.50%
Top 5 0 0.00% 0.00% 584,536,800 584,536,800 75.50%
Top 10 10,095,000 13.17% 11.85% 655,373,160 673,437,640 86.98%
Top 25 40,558,500 52.92% 47.62% 711,539,940 729,604,420 94.24%
Note:
* Ranking of Shareholders is based on the number of Shares held by the Shareholders upon Listing.
--- page 13 ---
-13-
BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by the
public will be conditionally allocated on the basis set out below:
NO. OF H
SHARES
APPLIED FOR
NO. OF V ALID
APPLICATION
S
BASIS OF
ALLOTMENT/BALLOT
POOL A
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE
TOTAL NO. OF H
SHARES APPLIED
FOR
500 55,745 1,115 out of 55,745 applicants to
receive 500 H Shares
2.00%
1,000 28,250 655 out of 28,250 applicants to
receive 500 H Shares
1.16%
1,500 8,229 208 out of 8,229 applicants to
receive 500 H Shares
0.84%
2,000 4,470 121 out of 4,470 applicants to
receive 500 H Shares
0.68%
2,500 4,575 129 out of 4,575 applicants to
receive 500 H Shares
0.56%
3,000 3,218 95 out of 3,218 applicants to
receive 500 H Shares
0.49%
3,500 2,139 65 out of 2,139 applicants to
receive 500 H Shares
0.43%
4,000 2,336 73 out of 2,336 applicants to
receive 500 H Shares
0.39%
4,500 1,901 61 out of 1,901 applicants to
receive 500 H Shares
0.36%
5,000 7,153 234 out of 7,153 applicants to
receive 500 H Shares
0.33%
6,000 12,903 438 out of 12,903 applicants to
receive 500 H Shares
0.28%
7,000 3,110 109 out of 3,110 applicants to
receive 500 H Shares
0.25%
8,000 2,416 88 out of 2,416 applicants to
receive 500 H Shares
0.23%
9,000 2,316 86 out of 2,316 applicants to
receive 500 H Shares
0.21%
10,000 10,714 406 out of 10,714 applicants to
receive 500 H Shares
0.19%
15,000 5,646 233 out of 5,646 applicants to
receive 500 H Shares
0.14%
20,000 3,866 170 out of 3,866 applicants to
receive 500 H Shares
0.11%
--- page 14 ---
-14-
NO. OF H
SHARES
APPLIED FOR
NO. OF V ALID
APPLICATION
S
BASIS OF
ALLOTMENT/BALLOT
POOL A
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE
TOTAL NO. OF H
SHARES APPLIED
FOR
25,000 3,500 161 out of 3,500 applicants to
receive 500 H Shares
0.09%
30,000 2,766 133 out of 2,766 applicants to
receive 500 H Shares
0.08%
35,000 1,953 97 out of 1,953 applicants to
receive 500 H Shares
0.07%
40,000 2,077 106 out of 2,077 applicants to
receive 500 H Shares
0.06%
45,000 1,687 88 out of 1,687 applicants to
receive 500 H Shares
0.06%
50,000 3,570 191 out of 3,570 applicants to
receive 500 H Shares
0.05%
60,000 2,840 158 out of 2,840 applicants to
receive 500 H Shares
0.05%
70,000 2,494 143 out of 2,494 applicants to
receive 500 H Shares
0.04%
80,000 2,126 126 out of 2,126 applicants to
receive 500 H Shares
0.04%
90,000 1,598 97 out of 1,598 applicants to
receive 500 H Shares
0.03%
100,000 11,217 692 out of 11,217 applicants to
receive 500 H Shares
0.03%
200,000 7,156 512 out of 7,156 applicants to
receive 500 H Shares
0.02%
300,000 5,384 420 out of 5,384 applicants to
receive 500 H Shares
0.01%
400,000 3,917 325 out of 3,917 applicants to
receive 500 H Shares
0.01%
500,000 4,073 354 out of 4,073 applicants to
receive 500 H Shares
0.01%
600,000 6,952 628 out of 6,952 applicants to
receive 500 H Shares
0.01%
Total 222,297 Total number of Pool A
successful applications: 8,517
--- page 15 ---
-15-
NO. OF H
SHARES
APPLIED FOR
NO. OF V ALID
APPLICATIONS
BASIS OF
ALLOTMENT/BALLOT
POOL B
APPROXIMATE
PERCENTAGE
ALLOTTED OF
THE
TOTAL NO. OF H
SHARES APPLIED
FOR
700,000 7,164 1,003 out of 7,164 applicants to
receive 500 H Shares
0.01%
800,000 2,799 442 out of 2,799 applicants to
receive 500 H Shares
0.01%
900,000 2,385 418 out of 2,385 applicants to
receive 500 H Shares
0.01%
1,000,000 8,197 1,579 out of 8,197 applicants to
receive 500 H Shares
0.01%
2,000,000 3,954 1,415 out of 3,954 applicants to
receive 500 H Shares
0.01%
3,000,000 2,366 1,216 out of 2,366 applicants to
receive 500 H Shares
0.01%
4,258,000 3,478 2,443 out of 3,478 applicants to
receive 500 H Shares
0.01%
Total 30,343 Total number of Pool B
successful applications: 8,516
As of the date of this announcement, the relevant subscription monies previously deposited in the
designated nominee accounts have been remitted back to the accounts of all HKSCC participants.
Investors should contact their relevant brokers for any inquiries.
--- page 16 ---
-16-
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 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 is the same as the Offer Price in addition to any brokerage, AFRC transaction levy, SFC
transaction levy and trading fee payable.
The Directors confirm that, to the best of their knowledge, no rebate has been, directly or indirectly,
provided by the Company, the Controlling Shareholders, the Directors or syndicate members to any
placees or the public (as the case may be) and the cons ideration 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 Stock Exchange trading fee payable.
--- page 17 ---
-17-
DISCLAIMERS
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Hong
Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement,
make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever
for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
This announcement is not for release, publication or 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 laws). This announcement does not
constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United
States or in any other jurisdictions. The securities mentioned herein have not been, and will not be,
registered under the United States Securities Act of 1933 as amended from time to time (the “ U.S.
Securities Act”) or securities law of any state or other jurisdiction of the United States. The securities may
not be offered, sold, pledged or otherwise transferred within the United States except pursuant to an
exemption from the registration requirements of the U.S. Securities Act and in compliance with any
applicable state securities laws. The Offer Shares are being offered and sold solely (a) to qualified
institutional buyers as defined in Rule 144A under the U.S. Securities Act pursuant to Rule 144A or another
available exemption from registration under the U.S. Securities Act and (2) 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 June 2026 issued by Shenzhen HQVT Technology Co., Ltd. for detailed
information about the Global Offering described below before deciding whether or not to invest in the
Offer Shares thereby being offered.
*Potential investors of the Offer Shares should note that the Overall Coordinators (for themself and on
behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong
Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events set out in
the section headed “Underwriting – Underwriting Arrangements and Expenses – Hong Kong Public
Offering – Grounds for Termination” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time)
on the Listing Date (which is currently expected to be on Monday, 22 June 2026).
--- page 18 ---
– 18 –
PUBLIC FLOAT AND FREE FLOAT
Immediately following the completion of the Global Offering, an aggregate of 293,250,340
H Shares, representing approximately 37.88% of the total number of shares in the class to
which H Shares of our Company belong will be counted towards the public float. Therefore,
the number of H Shares held in public hands is higher than the prescribed percentage of H
Shares required to be held in public hands of 25% of the total number of shares in the class
to which H Shares belong under Rule 19A.13A(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 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.
Based on an Offer Price of HK$7.2 per Offer Share, the Company will satisfy the free float
requirement under Rule 19A.13A(1) of the Listing Rules.
COMMENCEMENT OF DEALINGS
H Share certificates will only become valid at 8:00 a.m. on Monday, 22 June 2026 (Hong
Kong time), provided that the Global Offering has become unconditional and the right of
termination described in the section headed “Underwriting — Underwriting Arrangements
and Expenses — Hong Kong Public Offering — Grounds for Termination” in the
Prospectus has not been exercised. Investors who trade H Shares prior to the receipt of H
Share certificates or the H Share certificates becoming valid do so entirely at their own risk.
Assuming that the Global Offering becomes unconditional at or before 8:00 a.m. on
Monday, 22 June 2026 (Hong Kong time), it is expected that dealings in the H Shares on the
Stock Exchange will commence at 9:00 a.m. on Monday, 22 June 2026 (Hong Kong time).
The H Shares will be traded in board lots of 500 H Shares each. The stock code of the H
Shares will be 1392.
By order of the Board
Shenzhen HQVT Technology Co., Ltd.
Mr. Zhou Bo
Chairman of the Board
Hong Kong, 18 June 2026
As of the date of this announcement, the Board comprises: (i) Mr. Zhou Bo, Mr. Miao Rui, Dr. Chai Jian, Mr.
Zou Xiaogang and Mr. Chen Yonggang as executive Directors; (ii) Mr. Yu Lijie as non-executive Directors;
(iii) Mr. Chen Haiping, Mr. Zhong Luhuan and Ms. Ho Ka Cin Verona as independent non-executive
Directors.
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