hk-ipo/data/extracted_text/06675/allotment_results_2026-06-16_2026061601760.txt

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1
Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”)
and Hong Kong Securities Clearing Company Limited ( “HKSCC ”) take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this
announcement.
Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as those
defined in the prospectus dated 9 June 2026 (the “Prospectus ”) issued by SENASIC Electronics Technology Co., Ltd.
(琻Ҧ (Ϫᘽ)ʮ̡ ) (the “Company ”).
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 for
detailed information about the Company and 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 in the Prospectus.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale
of Offer Shares in any jurisdiction in which such offer, solicitation or sales would be unlawful. 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). 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
jurisdiction. The Offer Shares have not been and will not be registered under the United States Securities Act of 1933,
as amended from time to time (the “U.S. Securities Act ”) or securities law of any state or other jurisdiction of the
United States and may not be offered, sold, pledged or transferred within the United States, except in transactions
exempt from, or not subject to, the registration requirements of the U.S. Securities Act. There will be no public offer
of the Offer Shares 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.
In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited as
stabilising manager (the “Stabilisation Manager ”) (or its affiliates or any person acting for it), on behalf of the
Underwriters, to the extent permitted by the applicable laws and regulatory requirements of Hong Kong or elsewhere,
may over-allocate or effect transactions with a view to stabilising or supporting the market price of the Shares at such
price, in such amounts and in such manners as the Stabilising Manager, its affiliates or any person acting for it may
determine and at a level higher than that which might otherwise prevail for a limited period after the Listing Date.
However, there is no obligation on the Stabilising Manager (or its affiliates or any person acting for it) to conduct
any such stabilising action. Such stabilising action, if taken, (a) will be conducted at the absolute discretion of the
Stabilisation Manager (or its affiliates or any person acting for it) and in what the Stabilising Manager reasonably
regards as the best interest of the Company, (b) may be discontinued at any time and (c) is required to be brought to
an end within 30 days of the last day for lodging applications under the Hong Kong Public Offering. Such stabilising
action, if taken, may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with
all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules
(Chapter 571W of the Laws of Hong Kong), as amended, made under the Securities and Futures Ordinance (Chapter
571 of the Laws of Hong Kong).
Potential investors should be aware that stabilising action cannot be taken to support the price of the H Shares for
longer than the stabilisation period which begins on the Listing Date and is expected to expire on the 30th day after
the last day for the lodging of applications under the Hong Kong Public Offering. After this date, no further stabilising
action may be taken, and demand for the H Shares and the price of the H Shares could fall.
The Hong Kong Offer Shares will be offered to the public in Hong Kong subject to the terms and conditions set out in
the Prospectus. The Hong Kong Offer Shares will not be offered to any person who is outside Hong Kong and/or not
resident in Hong Kong. Potential investors of the Offer Shares should note that the Joint Sponsor-OCs (for themselves
and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong Kong
Underwriting Agreement with immediate effect upon the occurrence of any of the events set out in the section
headed “Underwriting { Underwriting Arrangements and Expenses {  Hong Kong Public Offering {  Grounds for
Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the Listing Date.


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ܩ
SENASIC Electronics Technology Co., Ltd.
琻Ҧ (Ϫᘽ)ʮ̡
(A joint stock company incorporated in the People ’s Republic of China with limited liability)
Global Offering
Number of Offer Shares under
the Global Offering
: 53,407,000 H shares (subject to
 Over-allotment Option)
Number of Hong Kong Offer Shares : 5,340,800 H Shares
Number of International Offer Shares : 48,066,200 H Shares (subject to Over-allotment
 Option)
Final Offer Price : HK$18.36 per H Share, plus brokerage of
 1.0%, SFC transaction levy of 0.0027%,
 AFRC transaction levy of 0.00015% and
 Hong Kong Stock Exchange trading fee of
 0.00565%
Nominal value : RMB0.05 per H Share
Stock code : 6675
Joint Sponsors, Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Overall Coordinators, Joint Global Coordinators,
Joint Bookrunners and Joint Lead Managers
Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers
Joint Bookrunners and Joint Lead Managers


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SENASIC ELECTRONICS TECHNOLOGY CO., LTD.
琻Ҧ (Ϫᘽ)ʮ̡
ANNOUNCEMENT OF ALLOTMENT RESULTS
Unless otherwise defined herein, capitalised terms used in this announcement shall have the
same meanings as those defined in the prospectus dated 9 June 2026 (the “Prospectus ”) issued
by SENASIC Electronics Technology Co., Ltd.( 琻Ҧ (Ϫᘽ )ʮ̡ ) (the
“Company ”).
Warning: In view of high concentration of shareholding in a small number of Shareholders,
Shareholders and prospective investors should be aware that the price of the H Shares
could move substantially even with a small number of H Shares traded and should exercise
extreme caution when dealing in the H Shares.
SUMMARY
Company Information
Stock Code 6675
Stock Short Name SENASIC
Dealings commencement date 17 June 2026*
* see note at the end of the announcement
Price Information
Offer Price HK$18.36
Offer Shares and Share Capital
Number of Offer Shares (before exercise of the Over-allotment Option) 53,407,000
Number of Offer Shares in Hong Kong Public Offering 5,340,800
Number of Offer Shares in International Offering (before exercise of the
Over-allotment Option) 48,066,200
Number of issued Shares upon Listing (before exercise of the Over-
allotment Option and the options under the 2026 Pre-IPO Share Option
Scheme) 379,041,820
Over-allocation
No. of Offer Shares over-allocated 2,855,800
- International Offering 2,855,800


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Proceeds
Gross proceeds (Note) HK$980.55 million
 Less: Estimated listing expenses payable based on Offer Price HK$68.03 million
Net Proceeds HK$912.52 million
Note: Gross proceeds refer 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. In the event that
the Over-allotment Option is exercised, the Company will adjust the allocation of the net proceeds on a pro rata
basis.
ALLOTMENT RESULTS DETAILS
HONG KONG PUBLIC OFFER
No. of valid applications 237,930
No. of successful applications 26,704
Subscription level 5,144.97 times
Claw-back triggered N/A
No. of Offer Shares initially available under the Hong Kong Public Offer 5,340,800
No. of Offer Shares reallocated from the International Offering 0
Final no. of Offer Shares under the Hong Kong Public Offering 5,340,800
% of Offer Shares under the Hong Kong Public Offer to the Global
Offering 10%
Note: For details of the final allocation of H Shares to the Hon Kong Public Offering, investors can refer to
www.hkeipo.hk/iporesult  to perform a search by identification number or www.hkeipo.hk/iporesult  for the full
list of allottees.


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INTERNATIONAL OFFER
No. of placees 105
Subscription Level 4.44 times
No. of Offer Shares initially available under the International Offer 48,066,200
No. of Offer Shares reallocated to the Hong Kong Public Offering 0
Final no. of Offer Shares under the International Offer (before exercise of
the Over-allotment Option) 48,066,200
% of Offer Shares under the International Offer to the Global Offering 90%
The Directors confirm that, to the best of their knowledge, information and belief, save for a
waiver under Rule 10.04 of the Listing Rules and consent under paragraph 1C(2) of Appendix
F1 to the Listing Rules (the “Placing Guidelines ”) granted by the Stock Exchange to permit
the Company to allocate certain Offer Shares in the International Offering to a close associate
of an existing shareholder as a cornerstone investor, (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, the Single Largest Group of Shareholders, substantial
Shareholders, existing Shareholders of the Company or any of its subsidiaries or their respective
close associates; and (ii) none of the placees and the public who have purchased the Offer Shares
are accustomed to taking instructions from the Company, any of the Directors, chief executive
of the Company, the Single Largest Group of 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 H Shares registered in his/her/its
name or otherwise held by him/her/it.


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The placees in the International Offering include the following:
Cornerstone Investors
Investor (1)
No. of Offer
Shares
allocated
% of Offer
Shares(2)
% of total
issued share
capital after
the Global
Offering (2)
Existing
shareholders
or their
close
associates
Sunwoda Treasury (Hong
Kong) Limited (༺
ৌ༟(ಥ)ʮ̡ )
2,156,800 4.04% 0.57% No
Longwei Hong Kong
Company Limited (ಥ
ʮ̡ )
1,280,400 2.40% 0.34% Yes
Oakwise Growth Fund
SPC { Greater China
Fund SP
4,007,600 7.50% 1.06% No
Tembusu Limited 853,600 1.60% 0.23% No
Andrew Y Yan ( ᎅ⇴) 853,600 1.60% 0.23% No
RIME Capital Limited
(ʮ̡ )
853,600 1.60% 0.23% No
Thalassa Capital Dynamics
SPC (acting for and
on behalf of Thalassa
Horizon SP)
2,685,000 5.03% 0.71% No
Chample International
Limited
1,633,800 3.06% 0.43% No
Libra Stable Value and
Fixed Income Segregated
Portfolio Company
acting for and on behalf
of Libra Fixed Income
One SP
1,089,200 2.04% 0.29% No
Total 15,413,600 28.86% 4.07%


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Notes:
1. For further details of the Cornerstone Investors, please refer to the section headed “Cornerstone Investors ” in
the Prospectus.
2. Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option
Scheme.
Allottees with waiver/consents obtained
Investor
No. of Offer
Shares
allocated
% of Offer
Shares(1)
% of total
issued share
capital after
the Global
Offering (1) Relationship
Allotees with consent under paragraph 1C(1) of Appendix F1 to the Listing Rules (the “Placing
Guidelines ”) in relation to allocations to connected clients (2)
SSIF Asset Management
SPC-SSI & Affluence
Capital IPO Strategy
Opportunity Segregated
Portfolio
54,400 0.10% 0.01% Connected
client as a
placee
CITIC Securities
International Capital
Management Limited
(“CSICM ”)
400,000 0.75% 0.11% Connected
client as a
placee
Guotai Junan Investments
(Hong Kong) Limited
(“GTJAI”)
544,600 1.02% 0.14% Connected
client as a
placee
E Fund Management (Hong
Kong) Co, Ltd. ( “E
Fund HK ”)
3,400 0.01% 0.00% Connected
client as a
placee
China Asset Management
 (Hong Kong) Limited
 ( “China AM HK ”)
3,400 0.01% 0.00% Connected
client as a
placee
Huatai Capital Investment
 Limited ( “HTCI”)
871,400 1.63% 0.23% Connected
client as a
placee


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Investor
No. of Offer
Shares
allocated
% of Offer
Shares(1)
% of total
issued share
capital after
the Global
Offering (1) Relationship
Allotee with waiver from strict compliance with Rule 10.04 of the Listing Rules and consent under
paragraph 1C(2) of the Placing Guidelines in relation to allocation to a close associate of an existing
shareholder as cornerstone investor (3)
Longwei Hong Kong
Company Limited (ಥඤ
ʮ̡ ) (4)
1,280,400 2.40% 0.34% A close
associate of
an existing
shareholder
as
cornerstone
investor
Notes:
1. Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option Scheme.
2. Saved as listed out, the H Shares placed to such allottees are held on behalf of independent third parties (as
defined in Chapter 4.15 of the Guide for New Listing Applicants) and are in compliance with all the conditions
under the consent granted by the Stock Exchange. For details of the consent under paragraph 1C(1) of the
Placing Guidelines and Chapter 4.15 of the Guide for New Listing Applicants in relation to allocations to
connected clients, please refer to the section headed “Placing to connected clients with consents under paragraph
1C(1) of the Placing Guidelines ” in this announcement.
3. For details of the consents under paragraph 1C(2) of the Placing Guidelines and Chapter 4.15 of the Guide
for New Listing Applicant in relation to allocations to a close associate of an existing shareholder as
cornerstone investor, please refer to the section headed “Placing to a close associate of an existing shareholder
as cornerstone investor with a waiver under Rule 10.04 and consent under paragraph 1C(2) of the Placing
Guidelines ” in this announcement.
4. Longwei Hong Kong Company Limited (ʮ̡ ) ( “Longwei HK ”), a close associate (as
defined in the Listing Rules) of Shanghai Baolong Automotive Corporation (ʮ̡ )
(“Baolong Automotive ”), one of the Company ’s existing shareholders and Pre-IPO Investors, has indicated to
the Company its interest in participating in the Global Offering by making a cornerstone investment to subscribe
for the Offer Shares. Further information of Baolong Automotive has been disclosed in the section headed
“History, Development and Corporate Structure ” of the Prospectus.


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LOCK-UP UNDERTAKINGS
Cornerstone Investors
Name
Number
of Shares
held in the
Company subject
to lock-up
undertakings
upon Listing
% of shareholding
in the Company
subject to lock-up
undertakings
upon Listing
(assuming the
Over-allotment
Option or the
options under the
2026 Pre-IPO
Share Option
Scheme is not
exercised)
Last day subject
to the lock-up
undertakings
Sunwoda Treasury (Hong Kong)
Limited (༺ৌ༟ (ಥ)
ʮ̡ )
2,156,800 0.57% 16 December 2026
Longwei Hong Kong Company
Limited (׸
ʮ̡ )
1,280,400 0.34% 16 December 2026
Oakwise Growth Fund SPC {
Greater China Fund SP
4,007,600 1.06% 16 December 2026
Tembusu Limited 853,600 0.23% 16 December 2026
Andrew Y Yan ( ᎅ⇴) 853,600 0.23% 16 December 2026
RIME Capital Limited ( ᗯ䈪༟͉
ʮ̡ )
853,600 0.23% 16 December 2026
Thalassa Capital Dynamics SPC
(acting for and on behalf of
Thalassa Horizon SP)
2,685,000 0.71% 16 December 2026
Chample International Limited 1,633,800 0.43% 16 December 2026
Libra Stable Value and Fixed
Income Segregated Portfolio
Company acting for and on
behalf of Libra Fixed Income
One SP
1,089,200 0.29% 16 December 2026
Total 15,413,600 4.07%
In accordance with the respective Cornerstone Investment Agreement, the required lock-up ends on six
months from the Listing Date, which is 16 December 2026. The Cornerstone Investors will cease to be
prohibited from disposing of or transferring Shares after the indicated date.


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The Single Largest Group of Shareholders
Name(1)
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 (4)
% of shareholding
in the Company
subject to lock –
up undertakings
upon Listing (4)
Last day subject
to the lock-up
undertakings
Li Mengxiong ( ҽྫྷඪ) (2)
(“Dr. Li ”)
34,130,460 34,130,460 9.00% 9.00% 16 June 2027  (1) (3)
Li Shuguang ( ҽᏣΈ) (2)
(“Mr. Li ”)
13,586,460 13,586,460 3.58% 3.58% 16 June 2027  (1) (3)
Shanghai Chuangyingrui
Enterprise Management
Partnership (Limited
Partnership) (ቚΆุ
၍ଣΥྫΆุ (Υྫ )) (2)
(“Shanghai Chuangyingrui ”)
29,631,720 29,631,720 7.82% 7.82% 16 June 2027  (1) (3)
Shanghai Ruixinchuang Enterprise
Management Partnership
(Limited Partnership) ( ɪऎ
௴Άุ၍ଣΥྫΆุ
(Υྫ )) (2) (“Shanghai
Ruixinchuang ”)
24,838,700 24,838,700 6.55% 6.55% 16 June 2027  (1) (3)
Gongqingcheng SENASIC
Investment Partnership (Limited
Partnership) (۬ڡ琻 ઠҳ
༟ΥྫΆุ (Υྫ )) (2)
(“Gongqingcheng SENASIC ”)
2,830,980 2,830,980 0.75% 0.75% 16 June 2027 (1) (3)
Subtotal 105,018,320 105,018,320 27.71% 27.71%


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Notes:
1. For illustrative purposes only, this subsection lists only those members of the Single Largest Group of
Shareholders who hold Shares directly in the Company. Pursuant to Rule 10.07 of the Listing Rules, each
member of the Single Largest Group of Shareholders (namely, Dr. Li, Mr. Li, Shanghai Chuangyingrui,
Shanghai Ruixinchuang, Shanghai Yaojun (as defined below) and Gongqingcheng SENASIC) has undertaken
to the Stock Exchange and the Company that, except in connection with the Global Offering (including the
Over-allotment Option), he/it will not, and will procure that the relevant registered holder(s) will not, without
the prior written consent of the Joint Sponsor-OCs and unless otherwise in compliance with the applicable
requirements of the Listing Rules: in the period commencing on the date by reference to which disclosure of its
shareholdings in the Company is made in the Prospectus and ending on the date which is six months from the
Listing Date, either directly or indirectly, dispose of, nor enter into any agreement to dispose of or otherwise
create any options, rights, interests or encumbrances in respect of, any of the securities of the Company that
he/it is shown to beneficially own in the Prospectus. For further details, please refer to the section headed
“Underwriting – Underwriting Arrangements and Expenses – Hong Kong Public Offering – Undertakings to
the Stock Exchange pursuant to the Listing Rules – Undertakings by the Single Largest Group of Shareholders ”
in the Prospectus.
2. As of the date of this announcement, Dr. Li and Mr. Li, by virtue of the acting-in-concert arrangement, were
collectively interested in approximately controlled 32.25% of the total issued share capital, comprising: (1)
approximately 10.48% of the total issued share capital directly held by Dr. Li; (2) approximately 4.17% of the
total issued share capital directly held by Mr. Li; (3) approximately 9.10% and 7.63% of the total issued share
capital controlled by Dr. Li through Shanghai Chuangyingrui and Shanghai Ruixinchuang, respectively, both
of which are the ESOP Platforms and controlled by Dr. Li; and (4) approximately 0.87% of the total issued
share capital controlled by Dr. Li through Gongqingcheng SENASIC, being managed by Shanghai Yaojun
Management Consulting Co., Ltd. (ʮ̡ ) ( “Shanghai Yaojun ”), a holding company
wholly-owned by Dr. Li. Upon the Listing, without taking into account any Shares that may be issued upon
exercise of the Over-allotment Option and under the 2026 Pre-IPO Share Option Scheme, Dr. Li and Mr.
Li will be entitled to, directly and indirectly through Shanghai Chuangyingrui, Shanghai Ruixinchuang,
Shanghai Yaojun and Gongqingcheng SENASIC, exercise 27.71% voting rights in the Company. Therefore,
upon the Listing, Dr. Li, Mr. Li, Shanghai Chuangyingrui, Shanghai Ruixinchuang, Shanghai Yaojun and
Gongqingcheng SENASIC will become the Single Largest Group of Shareholders.
3. According to the PRC Company Law, all existing Shareholders (including the Single Largest Group of
Shareholders) are subject to a lock-up period of 12 months following the Listing Date.
4. The relevant number of shares and percentage are calculated without taking into account of any Shares that
may be issued upon exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option
Scheme.


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12
Other Existing Shareholders (other than the Single Largest Group of Shareholders and
Cornerstone Investors)
Name
Number of
Shares held
in the Company
subject to lock-up
undertakings
upon Listing
Number of
H Shares held
in the Company
subject to lock-up
undertakings
upon Listing
% of total issued
H Shares after
the Global
Offering subject
to lock-up
undertakings
upon Listing (1)
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing(1)
Last day subject
to the lock-up
undertakings (2)
Gongqingcheng Yingruichuang Investment
Partnership (Limited Partnership) ( ΍
ቚ௴ҳ༟ΥྫΆุ (Υྫ ))
(“Gongqingcheng Yingruichuang ”)
6,388,320 6,388,320 1.69% 1.69% 16 June 2027
China State-Owned Enterprise Mixed-Ownership
Reform Fund Co., Ltd. (ה
ʮ̡ )
19,701,600 19,701,600 5.20% 5.20% 16 June 2027
Hangzhou Chuangqian Investment Partnership
(Limited Partnership) (ψ௴৻ҳ༟ΥྫΆ
ุ(Υྫ ))
19,547,160 19,547,160 5.16% 5.16% 16 June 2027
Changjiang Chendao (Hubei) New Energy
Industry Investment Partnership (Limited
Partnership) (Ϫો༸ (ಳ̏)อঐ๕ପุҳ
༟ΥྫΆุ (Υྫ ))
8,294,100 8,294,100 2.19% 2.19% 16 June 2027
Yibin Lvneng Equity Investment Partnership
(Limited Partnership) (ᛆҳ༟Υ
ྫΆุ(Υྫ ))
5,182,380 5,182,380 1.37% 1.37% 16 June 2027
Yibin Chendao New Energy Industry Equity
Investment Partnership (Limited Partnership)
(ᛆҳ༟ΥྫΆุ (Ϟ
Υྫ))
2,421,600 2,421,600 0.64% 0.64% 16 June 2027
China Venture Capital Xinzhi Equity Investment
Fund (Guangzhou) Partnership (Limited
Partnership) (ږ( ᄿ
ψ)ΥྫΆุ (Υྫ ))
14,109,340 14,109,340 3.72% 3.72% 16 June 2027
Qingdao Huaxinchuangyuan Venture Capital
Center (Limited Partnership) (ࡡ
௴ุҳ༟ʕː (Υྫ ))
12,039,300 12,039,300 3.18% 3.18% 16 June 2027
Xiamen Jianfa Emerging Industry Equity
Investment No.16 Partnership Enterprise
(Limited Partnership) (ٰ
௔໮ΥྫΆุ (Υྫ ))
5,934,880 5,934,880 1.57% 1.57% 16 June 2027


--- page 13 ---
13
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 (1)
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing(1)
Last day subject
to the lock-up
undertakings (2)
Xiamen Jianfa Changrong No. 2 Equity
Investment Partnership (Limited Partnership)
(ᛆҳ༟ΥྫΆุ (ࠢ
Υྫ))
1,978,300 1,978,300 0.52% 0.52% 16 June 2027
Qingdao Shangqi Huizhu Zhanxin Industry
Investment Fund Partnership (Limited
Partnership) (☃ිᛟ኷อପุҳ༟ਿ
ΥྫΆุ (Υྫ ))
3,091,540 3,091,540 0.82% 0.82% 16 June 2027
Foshan Shangqi Delian Automotive Equity
Investment Partnership (Limited Partnership)
(ᛆҳ༟ΥྫΆุ (ࠢ
Υྫ))
2,478,480 2,478,480 0.65% 0.65% 16 June 2027
Ningbo Meishan Bonded Port Zone Jiechuang
Equity Investment Partnership (Limited
Partnership) (ᛆҳ
༟ΥྫΆุ (Υྫ ))
1,239,240 1,239,240 0.33% 0.33% 16 June 2027
Geely Gongchuang No. 5 Investment (Tianjin)
Partnership (Limited Partnership) ( Λл΍௴
ͼ໮ҳ༟ (ݵ)ΥྫΆุ (Υྫ ))
6,767,040 6,767,040 1.79% 1.79% 16 June 2027
Hai Feng Investment Holding Limited ҳ
ʮ̡
20,963,160 20,963,160 5.53% 5.53% 16 June 2027
Shenzhen Nanshan Hongtai Equity Investment
Fund Partnership (Limited Partnership) ( ଉέ
ΥྫΆุ (Υྫ ))
12,747,660 12,747,660 3.36% 3.36% 16 June 2027
Suzhou Jiyuan Haoyue Venture Capital
Partnership (Limited Partnership) (๕
ೱ˜௴ุҳ༟ΥྫΆุ (Υྫ ))
5,656,320 5,656,320 1.49% 1.49% 16 June 2027
Suzhou Jiyuan Haoyuan Venture Capital
Partnership (Limited Partnership) (๕
ೱʩ௴ุҳ༟ΥྫΆุ (Υྫ ))
4,194,480 4,194,480 1.11% 1.11% 16 June 2027
Zhuhai Gejin Guangfa Xinde Phase III
Technology Venture Capital Fund (Limited
Partnership) (Ҧ௴
ږ( Υྫ ))
4,478,300 4,478,300 1.18% 1.18% 16 June 2027
Dongguan Guangfa Xinde Phase I Technology
Venture Investment Partnership (Limited
Partnership) (Ҧ௴ุҳ
༟ΥྫΆุ (Υྫ ))
2,786,500 2,786,500 0.74% 0.74% 16 June 2027


--- page 14 ---
14
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 (1)
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing(1)
Last day subject
to the lock-up
undertakings (2)
Ningbo Meishan Bonded Port Area Cenyu
Venture Capital Partnership (Limited
Partnership) (೼ಥਜҊС௴ุҳ
༟ΥྫΆุ (Υྫ ))
6,143,760 6,143,760 1.62% 1.62% 16 June 2027
Gongqingcheng Changshun Zhiying Venture
Capital Partnership (Limited Partnership) ( ΍
ഭ౽ᙊ௴ุҳ༟ΥྫΆุ (Υྫ ))
5,260,260 5,260,260 1.39% 1.39% 16 June 2027
Shanghai Pudong Haiwang Integrated Circuit
Industry Private Equity Fund Partnership
Enterprise (Limited Partnership) (ऎ
ΥྫΆุ (Υ
ྫ))
4,925,400 4,925,400 1.30% 1.30% 16 June 2027
Shanghai Baolong Automotive Corporation ( ɪ
ʮ̡ )
4,824,900 4,824,900 1.27% 1.27% 16 June 2027
Guangdong Guangqi Yuexiu Zhiyuan Industrial
Investment Fund Partnership (Limited
Partnership) (ᄿຩ൳Ӹ౽๕ପุҳ༟ਿ
ΥྫΆุ (Υྫ ))
2,312,820 2,312,820 0.61% 0.61% 16 June 2027
Guangdong Guangqi Zhiyuan No. 6 Equity
Investment Partnership (Limited Partnership)
(ᛆҳ༟ΥྫΆุ (ࠢ
Υྫ))
2,312,820 2,312,820 0.61% 0.61% 16 June 2027
Mr. Zhou Yongsen ( մ͑ಌ) 4,625,580 4,625,580 1.22% 1.22% 16 June 2027
Mr. Ying Ting (࣎4,485,180 4,485,180 1.18% 1.18% 16 June 2027
Nanjing Jinti Venture Investment Partnership
(Limited Partnership) (᜗௴ุҳ༟Υ
ྫΆุ(Υྫ ))
4,304,520 4,304,520 1.14% 1.14% 16 June 2027
Ma’anshan Huachun Baoxin Zhixin Equity
Investment Partnership (Limited Partnership)
(ᛆҳ༟ΥྫΆุ (Ϟ
Υྫ))
3,135,420 3,135,420 0.83% 0.83% 16 June 2027
Zhuhai Huajin Lingyi Emerging Technology
Industry Investment Fund (Limited
Partnership) (Ҧପุҳ
ږ(Υྫ ))
3,092,880 3,092,880 0.82% 0.82% 16 June 2027
Zhuhai Huajin Shangying No. 7 Equity
Investment Fund Partnership (Limited
Partnership) (ᛆҳ༟ਿ
ΥྫΆุ (Υྫ ))
42,540 42,540 0.01% 0.01% 16 June 2027


--- page 15 ---
15
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 (1)
% of shareholding
in the Company
subject to lock-up
undertakings upon
Listing(1)
Last day subject
to the lock-up
undertakings (2)
Beijing Guoqi Intelligent Connected Vehicle
Industry Investment Center (Limited
Partnership) ( ̏ԯ਷ӛ౽ঐၣᑌӛԓପุҳ
༟ʕː(Υྫ ))
2,955,240 2,955,240 0.78% 0.78% 16 June 2027
Shenzhen Huiyue Growth Investment Fund
Enterprise (L.P.) (ږ
Άุ(Υྫ ))
2,220,360 2,220,360 0.59% 0.59% 16 June 2027
Shenzhen Tianhui Growth Investment Fund
Enterprise (L.P.) (ږ
Άุ(Υྫ ))
634,380 634,380 0.17% 0.17% 16 June 2027
Shihezi Mingzhao Equity Investment
Management Co., Ltd. (ᛆҳ
ʮ̡ )
2,813,580 2,813,580 0.74% 0.74% 16 June 2027
Qufu Tianbo Investment Co., Ltd. (˂௹ҳ
ʮ̡ )
2,577,780 2,577,780 0.68% 0.68% 16 June 2027
Hainan Shuangyi Hengrun Investment
Partnership (Limited Partnership) (ᕐɓ
ፅᆗҳ༟ΥྫΆุ (Υྫ ))
2,421,600 2,421,600 0.64% 0.64% 16 June 2027
Ningbo Meishan Bonded Port Area Thriving
Venture Capital Partnership (Limited
Partnership) (೼ಥਜ൴ጳ௴ุҳ
༟ΥྫΆุ (Υྫ )
829,380 829,380 0.22% 0.22% 16 June 2027
Shanghai Changshun Jianye Consulting
Management Co., Ltd. (ุፔ༔၍
ʮ̡ )
486,840 486,840 0.13% 0.13% 16 June 2027
Ms. Xu Jianming (׼ܔࢱ122,880 122,880 0.03% 0.03% 16 June 2027
Suzhou Junwang Chuangxin No. 2 Investment
Partnership (Limited Partnership) ( ᘽψ⪯ૐ
൩໮ҳ༟ΥྫΆุ (Υྫ ))
88,680 88,680 0.02% 0.02% 16 June 2027
Subtotal 220,616,500 220,616,500 58.20% 58.20%
Notes:
1. The relevant number of shares and percentage are calculated without taking into account of any Shares that
may be issued upon exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option
Scheme.
2. The expiry date of the lock-up period shown in the table above is pursuant to the PRC Company Law.
According to the PRC Company Law, all existing Shareholders are subject to a lock-up period of 12 months
following the Listing Date.


--- page 16 ---
16
PLACEE CONCENTRATION ANALYSIS
Placees *
Number of
H Shares
allotted
Allotment
as % of
International
Offering **
Allotment
as % of
total Offer
Shares **
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing **
Top 1 23,980,000 49.89% 44.90% 23,980,000 6.33%
Top 5 34,626,600 72.04% 64.84% 34,626,600 9.14%
Top 10 42,197,200 87.79% 79.01% 42,197,200 11.13%
Top 25 50,202,800 104.45% 94.00% 55,027,700 14.52%
Note:
* Ranking of placees is based on the number of H Shares allotted to the placees.
** Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option Scheme.
H SHAREHOLDERS CONCENTRATION ANALYSIS
H Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering **
Allotment
as % of total
Offer Shares **
Number of
H Shares held
upon Listing
% of total
issued H Shares
capital upon
Listing **
Number of
Shares held
upon Listing
Top 1 0 0.00% 0.00% 105,018,320 27.71% 105,018,320
Top 5 23,980,000 49.89% 44.90% 189,210,240 49.92% 189,210,240
Top 10 23,980,000 49.89% 44.90% 253,855,420 66.97% 253,855,420
Top 25 29,268,000 60.89% 54.80% 336,616,680 88.81% 336,616,680
Note:
* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
** Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option Scheme.
SHAREHOLDER CONCENTRATION ANALYSIS
Shareholders*
Number of
H Shares
allotted
Allotment
as % of
International
Offering **
Allotment
as % of total
Offer Shares **
Number of
H Shares held
upon Listing
Number of
Shares held
upon Listing
% of total
issued share
capital upon
Listing **
Top 1 0 0.00% 0.00% 105,018,320 105,018,320 27.71%
Top 5 23,980,000 49.89% 44.90% 189,210,240 189,210,240 49.92%
Top 10 23,980,000 49.89% 44.90% 253,855,420 253,855,420 66.97%
Top 25 29,268,000 60.89% 54.80% 336,616,680 336,616,680 88.81%
Note
* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
** Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option Scheme.


--- page 17 ---
17
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:
Number of
H Shares
applied for
Number
of valid
applications
Pool A Approximate
percentage
allotted of the
total number
of H Shares
applied forBasis of allocation/ballot
200 37,986 760 out of 37,986 applicants to receive 200 H Shares 2.00%
400 26,025 542 out of 26,025 applicants to receive 200 H Shares 1.04%
600 8,065 195 out of 8,065 applicants to receive 200 H Shares 0.81%
800 4,363 118 out of 4,363 applicants to receive 200 H Shares 0.68%
1,000 6,328 185 out of 6,328 applicants to receive 200 H Shares 0.58%
1,200 3,405 107 out of 3,405 applicants to receive 200 H Shares 0.52%
1,400 2,501 83 out of 2,501 applicants to receive 200 H Shares 0.47%
1,600 2,875 100 out of 2,875 applicants to receive 200 H Shares 0.43%
1,800 2,429 89 out of 2,429 applicants to receive 200 H Shares 0.41%
2,000 15,449 584 out of 15,449 applicants to receive 200 H Shares 0.38%
3,000 6,207 273 out of 6,207 applicants to receive 200 H Shares 0.29%
4,000 4,475 219 out of 4,475 applicants to receive 200 H Shares 0.24%
5,000 8,237 437 out of 8,237 applicants to receive 200 H Shares 0.21%
6,000 3,172 180 out of 3,172 applicants to receive 200 H Shares 0.19%
7,000 2,100 127 out of 2,100 applicants to receive 200 H Shares 0.17%
8,000 2,840 180 out of 2,840 applicants to receive 200 H Shares 0.16%
9,000 4,749 314 out of 4,749 applicants to receive 200 H Shares 0.15%
10,000 11,485 788 out of 11,485 applicants to receive 200 H Shares 0.14%
20,000 7,515 667 out of 7,515 applicants to receive 200 H Shares 0.09%
30,000 5,271 544 out of 5,271 applicants to receive 200 H Shares 0.07%
40,000 3,976 456 out of 3,976 applicants to receive 200 H Shares 0.06%
50,000 4,299 536 out of 4,299 applicants to receive 200 H Shares 0.05%
60,000 3,037 405 out of 3,037 applicants to receive 200 H Shares 0.04%
70,000 2,160 305 out of 2,160 applicants to receive 200 H Shares 0.04%
80,000 2,249 334 out of 2,249 applicants to receive 200 H Shares 0.04%
90,000 1,686 261 out of 1,686 applicants to receive 200 H Shares 0.03%
100,000 12,727 2,049 out of 12,727 applicants to receive 200 H Shares 0.03%
200,000 12,076 2,514 out of 12,076 applicants to receive 200 H Shares 0.02%
Total 207,687 Total number of Pool A successful applicants: 13,352


--- page 18 ---
18
Number of
H Shares
applied for
Number
of valid
applications
Pool B Approximate
percentage
allotted of the
total number
of H Shares
applied forBasis of allocation/ballot
300,000 10,810 3,243 out of 10,810 applicants to receive 200 H Shares 0.02%
400,000 4,077 1,418 out of 4,077 applicants to receive 200 H Shares 0.02%
500,000 2,730 1,065 out of 2,730 applicants to receive 200 H Shares 0.02%
600,000 2,051 878 out of 2,051 applicants to receive 200 H Shares 0.01%
700,000 1,282 594 out of 1,282 applicants to receive 200 H Shares 0.01%
800,000 1,265 628 out of 1,265 applicants to receive 200 H Shares 0.01%
900,000 820 433 out of 820 applicants to receive 200 H Shares 0.01%
1,000,000 2,996 1,667 out of 2,996 applicants to receive 200 H Shares 0.01%
1,500,000 1,447 992 out of 1,447 applicants to receive 200 H Shares 0.01%
2,000,000 889 706 out of 889 applicants to receive 200 H Shares 0.01%
2,670,400 1,876 1,728 out of 1,876 applicants to receive 200 H Shares 0.01%
Total 30,243 Total number of Pool B successful applicants: 13,352
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.
Placing to a close associate of an existing shareholder as cornerstone investor with a waiver
under Rule 10.04 and consent under paragraph 1C(2) of the Placing Guidelines
The Company has applied for a waiver under Rule 10.04 of the Listing Rules and a consent under
paragraph 1C(2) of Appendix F1 to the Listing Rules, to permit a close associate of an existing
shareholder to participate as cornerstone investor in the Global Offering to subscribe for the Offer
Shares to be issued by the Company under the International Offering. The Stock Exchange has
agreed to grant the requested waiver and consent subject to the conditions that:
(i) Baolong Automotive has been a shareholder of the Company for more than five years.
Longwei HK, being the wholly owned subsidiary of Baolong Automotive, is familiar with the
Company ’s business operations and development. Longwei HK ’s proposed participation in
the Global Offering reflects Baolong Automotive ’s continued interest in the Company ’s long-
term development;


--- page 19 ---
19
(ii) the Offer Shares to be subscribed by and allotted to Longwei HK under the Global Offering
will be allotted at the Offer Price;
(iii) the Company and the Overall Coordinators have confirmed in writing that no preferential
treatment has been, nor will be, given to Baolong Automotive or Longwei HK by virtue of
their relationship with the Company in any allocation in the placing tranche of the Global
Offering other than the preferential treatment of assured entitlement under a cornerstone
investment following the principles set out in Chapter 4.15 of the Guide;
(iv) the Company has confirmed that the Longwei HK ’s cornerstone investment agreement does
not contain any material terms which are more favourable to Baolong Automative or Longwei
HK than those in other cornerstone investment agreements;
(v) the Joint Sponsors have confirmed that to the best of their knowledge and belief, they have
no reason to believe that Baolong Automotive or Longwei HK received any preferential
treatment in any allocation in the placing tranche of the Global Offering as a cornerstone
investor by virtue of their relationship with the Company other than the preferential treatment
of assured entitlement under a cornerstone investment following the principles set out in
Chapter 4.15 of the Guide, and details of the allocation will be disclosed in the Company ’s
allotment results announcement; and
(vi) the Joint Sponsors have further confirmed that based on their (a) discussions with the
Company; (b) review of the Company ’s latest shareholding chart; (c) review of the relevant
corporate documents and agreements,
(a) Baolong Automotive (1) has less than 5% voting rights in the Company immediately
before the Global Offering; (2) is not, and, together with Longwei HK, will not be,
a core connected person of the Company or its close associate immediately prior to
or following the Global Offering; and (3) does not have the power to appoint the
Company ’s directors or any other special rights upon the Listing; and
(b) the allocation to Longwei HK will not affect the Company ’s ability to satisfy the public
float requirement under Rule 19A.13A(1) of the Listing Rules.
Please refer to the section headed “Waivers and Exemptions – Subscriptions of offer shares by a
close associate of an existing shareholder as cornerstone investor ” in the Prospectus for further
details of the waiver and consent.


--- page 20 ---
20
Placing to connected clients with consents under paragraph 1C(1) of the Placing Guidelines
Under the International Offering, certain Offer Shares were placed to connected clients of certain
distributors pursuant to the Placing Guidelines. Details of the placement to connected clients are
set out below:
No.
Connected
Clients
Connected
Distributor
Relationship
between the
Connected Client
and the Connected
Distributor
Whether the
Connected Client
will hold the
beneficial interests
of the Offer
Shares on a non-
discretionary basis
or discretionary
basis for
independent
third parties
Number of
H Shares to
be allocated
Approximate
percentage of
Offer Shares in
the Global
Offering(7)
Approximate
percentage of
the total issued
share capital
immediately
following
completion of the
Global
Offering(7)
1 SSIF Asset
Management
SPC-SSI &
Affluence Capital
IPO Strategy
Opportunity
Segregated
Portfolio  (1)
Shanxi Securities
International
Limited ( “SSI”)
SSI is a syndicate member
who places securities of the
Company in relation to the
Global Offering; SSI and
Shanxi Securities International
Asset Management Limited
(“SSIAM ”) are both ultimately
controlled by Shanxi Securities
International Financial
Holdings ( “SSIFH”). The
subscribing investor is SSIF
Asset Management SPC-
SSI & Affluence Capital IPO
Strategy Opportunity Segregated
Portfolio, a segregated portfolio
managed by SSIF ASSET
MANAGEMENT SPC which
is controlled by SSIAM.
Accordingly, this segregated
portfolio fund is considered
as a “connected client ” of SSI
pursuant to paragraph 1B of
the Appendix F1 to the Listing
Rules.
Discretionary basis 54,400 0.10% 0.01%


--- page 21 ---
21
No.
Connected
Clients
Connected
Distributor
Relationship
between the
Connected Client
and the Connected
Distributor
Whether the
Connected Client
will hold the
beneficial interests
of the Offer
Shares on a non-
discretionary basis
or discretionary
basis for
independent
third parties
Number of
H Shares to
be allocated
Approximate
percentage of
Offer Shares in
the Global
Offering(7)
Approximate
percentage of
the total issued
share capital
immediately
following
completion of the
Global
Offering(7)
2 CITIC Securities
International
Capital
Management
Limited
(“CSICM”) (2)
CITIC Securities
Brokerage (HK)
Limited ( “CITIC
Brokerage ”)
CSICM is a member of the same
group of companies as CITIC
Brokerage. Accordingly, CSICM
is considered as a “connected
client ” of CITIC Brokerage
pursuant to paragraph 1B of
the Appendix F1 to the Listing
Rules.
Non – discretionary
basis
400,000 0.75% 0.11%
3 Guotai Junan
Investments
(Hong Kong)
Limited
(“GTJAI”) (3)
Guotai Junan
Securities (Hong
Kong) Limited
(“GTJAS ”)
GTJA Investment is a member
of the same group of GTJAS.
Accordingly, GTJAI is
considered as a “connected
client ” of GTJAS pursuant to
paragraph 1B of the Appendix
F1 to the Listing Rules.
Non – discretionary
basis
544,600 1.02% 0.14%
4 E Fund
Management
(Hong Kong) Co,
Ltd. ( “E Fund
HK”) (4)
GF Securities
(Hong Kong)
Brokerage
Limited
(“GFSHK ”)
E Fund HK is a member of
the same group of companies
as GFSHK. Accordingly, E
Fund HK is considered as a
“connected client ” of GFSHK
pursuant to paragraph 1B of
the Appendix F1 to the Listing
Rules.
Discretionary basis 3,400 0.01% 0.00%
5 China Asset
Management
(Hong Kong)
Limited ( “China
AM HK ”) (5)
CITIC Securities
Brokerage (HK)
Limited ( “CITIC
Brokerage ”)
China AM HK is a member
of the same group of CITIC
Brokerage. Accordingly, China
AM HK is considered as a
“connected client ” of CITIC
Brokerage pursuant to paragraph
1B of the Appendix F1 to the
Listing Rules.
Discretionary basis 3,400 0.01% 0.00%
6 Huatai Capital
Investment
Limited
(“HTCI”) (6)
Huatai Financial
Holdings (Hong
Kong) Limited
(“HTFH”)
HTCI is a member of the same
group of companies as HTFH.
Accordingly, HTCI is considered
as a “connected client ” of HTFH
pursuant to paragraph 1B of
the Appendix F1 to the Listing
Rules.
Non – discretionary
basis
871,400 1.63% 0.23%


--- page 22 ---
22
Note:
(1) SSIF Asset Management SPC-SSI & Affluence Capital IPO Strategy Opportunity Segregated Portfolio
It is proposed that SSIF Asset Management SPC-SSI & Affluence Capital IPO Strategy Opportunity Segregated
Portfolio (the segregated portfolio established under SSIF ASSET MANAGEMENT SPC) participates as placee to
subscribe for the Offer Shares under the International Offering (the “Fund Subscription ”).
In relation to the Fund Subscription, SSIF Asset Management SPC-SSI & Affluence Capital IPO Strategy Opportunity
Segregated Portfolio will hold the Offer Shares on a discretionary basis, with Shanxi Securities International Asset
Management Limited ( “SSIAM ”) acting as its discretionary fund manager on behalf of numerous independent third-
party investors of the portfolio.
This segregated portfolio is a registered collective mutual fund; there is no single ultimate beneficial owner holding
30% or more interest in the portfolio, and no natural person exercises sole control over the fund.
SSIF Asset Management SPC-SSI & Affluence Capital IPO Strategy Opportunity Segregated Portfolio has confirmed
that, to the best of its knowledge, all underlying investors of the segregated portfolio fund are independent third parties
of (a) the Company, the connected persons or the associates thereof; and (b) SSIF Asset Management SPC-SSI &
Affluence Capital IPO Strategy Opportunity Segregated Portfolio, SSIAM, SSI, SSIFH and the companies which are
members of the same group of companies as SSIFH.
(2) CSICM
CSICM will act as the single counterparty of a back-to-back total return swap transaction (the “CSICM Back-to-
back TRS ”) to be entered into by CSICM in connection with a total return swap order (the “CSICM Client TRS ”)
placed by its ultimate client (the “CSICM Ultimate Client ”), by which CSICM will pass the full economic exposure
of the Offer Shares placed to CSICM to the CSICM Ultimate Client. CSICM will hold the beneficial interest of the
Offer Shares on behalf of the CSICM Ultimate Client on a non-discretionary basis. The CSICM Ultimate Client may
exercise an early termination right to early terminate the CSICM Client TRS at any time from the trade date of the
CSICM Client TRS which should be on or after the date on which the Offer Shares are listed on the Stock Exchange.
Upon the final maturity or termination of the CSICM Client TRS by the CSICM Ultimate Client, CSICM will dispose
of the Offer Shares on the secondary market and the CSICM Ultimate Client will receive a final termination amount
of the CSICM Back-to-back TRS which should have taken into account all the economic returns or economic loss in
relation to the Offer Shares and the fixed amount of transaction fees of the CSICM Back-to-back TRS and the CSICM
Client TRS. CSICM will not exercise the voting right of the Offer Shares during the terms of the CSICM Back-to-back
TRS.
The CSICM Ultimate Client is Beevest Capital Management Limited – Global Multi Alpha Fund SP. The general
partner of the CSICM Ultimate Client is Beevest Capital Management Limited which is in turn held as to more than
30% by Zeng Shuzhen (ޜThe limited partner holding 30% or more interest in the CSICM Ultimate Client is
Zeng Shuzhen (ޜ.)
CSICM has confirmed that, to the best of their knowledge, (i) each of the CSICM Ultimate Client and the ultimate
beneficial owners holding 30% or more interest of the CSICM Ultimate Client listed above is an independent third
party of (a) the Company, its subsidiaries, the connected persons or the associates thereof; and (b) CSICM, CITIC
Brokerage and the companies which are members of the same group of companies as CITIC Brokerage.
(3) GTJAI
It is proposed that Guotai Junan Investments (Hong Kong) Limited ( “GTJAI ”) participates as placee to subscribe for
the Offer Shares under the International Offering (the “GTJAI Subscription ”). GTJAI is a member of the same group
of companies as Guotai Junan Securities (Hong Kong) Limited ( “GTJAS ”) and is considered as a connected client of
GTJAS pursuant to paragraph 1B(7) of the Placing Guidelines.


--- page 23 ---
23
In relation to the GTJAI Subscription, GTJAI shall hold the Offer Shares for hedging purpose as the single underlying
asset of a set of back-to-back total return swap transaction (the “GTHT Back-to-back TRS ”) to be entered into
between GTJAI and Guotai Haitong Securities Co., Ltd. (the “GTHT Onshore Parent ”) in connection with a total
return swap order (the “GTHT Client TRS ”) to be entered into by GTHT Onshore Parent and the ultimate client
(the “GTHT Onshore Ultimate Client ”), respectively. Such GTHT Client TRS is to be fully funded by the GTHT
Onshore Ultimate Client. GTJAI will hold the Offer Shares on a non-discretionary basis for the purpose of hedging
the economic exposure under the GTHT Back-to-back TRS and GTHT Client TRS only, During the tenor of the
GTHT Client TRS, all economic returns of the Offer Shares will be passed to the GTHT Onshore Ultimate Client and
all economic losses shall be borne by the GTHT Onshore Ultimate Client, subject to the terms and conditions of the
GTHT Back-to-back TRS and GTHT Client TRS, and GTJAI will not take part in any economic return or bear any
economic loss in relation to the price of the Offer Shares. The GTHT Onshore Ultimate Client may request to redeem
the Offer Shares at their own discretion, upon which GTJAI shall dispose of the Offer Shares and settle the GTHT
Back-to-back TRS and GTHT Client TRS in cash in accordance with the terms and conditions of the GTHT Back-
to-back TRS and GTHT Client TRS documents. Due to its internal policy, GTJAI will not exercise the voting right
attaching to the Offer Shares during the tenor of the GTHT Back-to-back TRS and GTHT Client TRS.
To the best knowledge, information and belief of GTJA Investments after due enquiry, the GTHT Onshore Ultimate
Clients and their respective ultimate beneficial owners holding 30% or more interest include:
GTHT Onshore
Ultimate Clients
Ultimate Beneficial
Owners ( “UBO”) Remarks
ʮ̡ Ñ
ږ
Beijing Zhiyuzhishan Investment
Management Co,Ltd-Zhiyuzhishan
Private Fund
ҽᔮ LI FENG (National ID:
420102196104121450)
UBO with over 30% interest
To the best knowledge of GTJAI and after making all reasonable enquiries, (i) GTJA Investments has confirmed
that, to the best of their knowledge, each of the GTJA Onshore Ultimate Clients and the ultimate beneficial owners
holding 30% or more interest of the GTJA Onshore Ultimate Clients listed above is an independent third party of
GTJA Investments, GTJAS and the companies which are members of the same group of companies as GTJAS., and
(ii) GTJAI is not a collective investment scheme which is not authorised by the SFC nor is expected to hold the Offer
Shares on behalf of such scheme.
(4) E Fund HK
E Fund HK will hold the Offer Shares for and on behalf of their underlying clients (the “E Fund HK Ultimate
Clients ”) on a discretionary basis. To the best knowledge of E Fund HK and after making all reasonable enquiries,
each of the E Fund HK Ultimate Clients is independent from the Company, its subsidiaries, its substantial shareholders,
GFSHK, E Fund HK and the companies which are members of the same group of companies as GFSHK. There is no
single ultimate beneficial owner holding 30% or more interest in the portfolio, and no natural person exercises sole
control over the fund.
(5) China Asset Management (Hong Kong) Limited
China AMC HK will hold the Offer Shares in its capacity as the discretionary fund manager managing on behalf of
its underlying clients (the “China AMC HK Underlying Clients ”), each of which is an independent third party of
the Company. To the best of knowledge of China AMC HK and after making all reasonable enquiries, (i) each of
the China AMC HK Underlying Clients is an independent third party of the Company, its subsidiaries, its substantial
shareholders, China AMC HK, CLSA and the companies which are members of the same group of companies as
CLSA, and (ii) none of CLSA and any companies which are members of the same group of companies as CLSA hold
any beneficial interest in any of the China AMC HK Underlying Clients.


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24
The details of the China AMC HK Underlying Client(s) are as follow:
1. CHINAAMC SELECT GREATER CHINA TECHNOLOGY FUND – 213800N2TIGVZMBIDU43 – To our best
knowledge, no others investor holds 30% or more interests in the portfolio, and no natural person exercises sole
control over the fund
2. CHINAAMC FUND – CHINAAMC CHINA OPPORTUNITIES FUND – 213800LFHQWQ1J2I7875 – Confirm
no others investor hold 30% or more interest in the same fund
3. CHINAAMC CHINA FOCUS FUND – 254900G5YFZ5OTQS0G14 – UBO – 72.04% – Manulife (International)
Limited – 549300E1S6OED3RZ2B22
4. CHINAAMC CHINA GROWTH FUND (SICAV) – 213800OL1K8299ZA3F59 – UBO 72.71% – Yuanta
Securities (HK) Company LTD – 3003006CJLCA4YV6DX47
5. ICBC (ASIA) LTD-CHINAAMC-BSCOMC LTD – 100% hold by BSCOMC Limited
(6) Huatai Capital Investment Limited
Huatai Financial Holdings (Hong Kong) Limited ( “HTFH”) is a non-syndicate sub-broker in connection with the
Global Offering. PRC investors are currently not permitted under applicable PRC laws to participate directly in initial
public offerings ( “IPOs”) in Hong Kong. However, PRC investors are permitted to invest in products issued by
appropriate domestic securities firms licensed to undertake cross-border derivatives trading activities. In connection
with such products, the licensed domestic securities firms, through their Hong Kong affiliates, may participate in Hong
Kong IPOs either as placees or cornerstone investors (the “Cross-border Derivatives Trading Regime ”).
Huatai Securities Co., Ltd. ( “Huatai Securities ”), the shares of which are listed on both the Shanghai Stock Exchange
(stock code: 601688) and the Stock Exchange (stock code: 6886), is one of the domestic securities firms licensed to
undertake cross-border derivatives trading activities. Huatai Securities entered into an ISDA agreement (the “ISDA
Agreement ”) with its indirectly wholly-owned subsidiary, HTCI, to set out the principal terms of any future total
return swap between Huatai Securities and HTCI.
Pursuant to the ISDA Agreement, HTCI, which intends to participate in the Global Offering as a placee, will hold
the beneficial interest of the Offer Shares on a non-discretionary basis as the single underlying holder under a
back-to-back total return swap (the “Back-to-back TRS ”) to be entered by HTCI in connection with a Client TRS (as
defined below) placed by and fully funded (i.e. with no financing provided by HTCI) by the Huatai Ultimate Client
(as defined below), by which, HTCI will, subject to customary fees and commissions, pass the full economic exposure
of the Offer Shares ultimately to the Huatai Ultimate Client, which in effect, HTCI will hold the beneficial interest of
the Offer Shares on behalf of the Huatai Ultimate Client. HTFH and HTCI are indirectly wholly-owned subsidiaries of
Huatai Securities. Accordingly, HTCI is considered as a “connected client ” of HTFH pursuant to paragraph 13(7) of
the Placing Guidelines.
Pursuant to the Cross-border Derivatives Trading Regime, the onshore investor (the “Huatai Ultimate Client ”) cannot
directly subscribe for the Offer Shares but may invest in derivative products issued by domestic securities firms
licenced to undertake cross-border derivatives trading activities, such as Huatai Securities, with the Offer Shares as the
underlying assets.


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25
Instead of directly subscribing for the Offer Shares, the Huatai Ultimate Client, through its investment manager, will
place a total return swap order (the “Client TRS ”) with Huatai Securities in connection with the Company ’s IPO
and Huatai Securities will place a Back-to-back TRS order to HTCI on the terms of the ISDA Agreement. In order to
hedge its exposure under the Back-to-back TRS, HTCI participates in the Company ’s IPO and subscribes the Offer
Shares through placing order with HTFH during the International Offering. The Huatai Ultimate Client for purpose of
this place subscription include the investment funds, details of which is set out below:
Name of Huatai Ultimate Client
Ultimate Beneficial
Owners ( “UBO”) Remarks
ʮ̡ Ñ
ږ
Beijing Zhiyuzhishan Investment
Management Co,Ltd-Zhiyuzhishan
Private Fund
ҽᔮ LI FENG (National ID:
420102196104121450)
UBO with over 30% interest
To the best of our knowledge and after making all reasonable enquiries, the Huatai Ultimate Client is an independent
third party of (i) the Company, the connected person or the associates thereof, and (ii) HTCI, HTFH and the companies
which are members of the same group of HTCI.
The purpose of HTCI to subscribe for the Offer Shares is for hedging the Back-to-back TRS in connection with the
Client TRS order placed by the Huatai Ultimate Client. Pursuant to the terms of the contracts of the Back-to-back
TRS and the Client TRS, during the tenor of the Back-to-back TRS and the Client TRS, subject to customary fees and
commissions, all economic returns of the Offer Shares will be ultimately passed to the Huatai Ultimate Client through
the Back-to-back TRS and the Client TRS and all economic loss shall be ultimately borne by the Huatai Ultimate
Client. HTCI will not take any economic return or bear any economic loss in relation to the Offer Shares.
Investment in the Back-to-back TRS and the Client TRS is similar to the investment in a qualified domestic
institutional investor fund ( “QDII”) in the way that the Huatai Ultimate Client would reap all the economic benefits
of the underlying Offer Shares, except that a QDII fund would pass through the exchange rate exposure on both
the notional value of the investment and the profit and loss of the investment. In contrast, the profit and loss of the
Back-to-back TRS and the Client TRS factor into account the fluctuation in RMB exchange rate upon termination of
the Client TRS by converting the profit and loss using the current exchange rate at the time of termination. As such,
the Huatai Ultimate Client would bear the exchange rate exposure of the profit and loss on settlement date.
The Huatai Ultimate Client may exercise an early termination right to terminate the Client TRS at any time from the
issue date of the Client TRS which should be on or after the date on which the Offer Shares are listed on the Stock
Exchange at its own discretion. Upon the termination upon maturity or early termination of the Client TRS by the
Huatai Ultimate Client, HTCI will dispose the Offer Shares on the secondary market and the Huatai Ultimate Client
will receive a final settlement amount in cash in accordance with the terms and conditions of the Back-to-back TRS
and the Client TRS which should have taken into account all the economic returns or economic loss in relation to
the Offer Shares. If upon the maturity of the Client TRS, the Huatai Ultimate Client intend to extend the investment
period, subject to further agreement between Huatai Securities and the relevant Huatai Ultimate Client, the term of
the Client TRS could be extended by way of a new issuance or a tenor extension. Accordingly, Huatai Securities will
extend the term of the Back-to-back TRS by way of a new issuance or a tenor extension.
It is proposed that HTCI will hold the legal title and the voting right of the Offer Shares by itself, and pass through
the economic exposure to the Huatai Ultimate Client, each being an onshore client who places a Client TRS order with
Huatai Securities in connection with the IPO of the Company. HTCI will not exercise the voting right of the Offer
Shares during the tenor of the Back-to-back TRS.
During the life of the Client TRS and Back-to-back TRS, HTCI may continue to hold the Offer Shares in its custodian
account, or to hold some or all of the Offer Shares in a prime brokerage account for stock borrowing purposes, where
HTCI will lend out its holding of underlying Offer Shares in the form of stock borrowing loans consistent with market
practice to lower its finance costs, provided that HTCI has the ability to call back the Offer Shares on loan at any time
in order to satisfy its obligations under the Back-to-back TRS to ensure the economic interests are ultimately passed to
the Huatai Ultimate Client.
(7) Before any exercise of the Over-allotment Option or the options under the 2026 Pre-IPO Share Option Scheme.


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26
COMPLIANCE WITH LISTING RULES AND GUIDANCE
The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
which consent has been obtained, the Company has complied with the Listing Rules and guidance
materials in relation to the placing, allotment and listing of the Company ’s H Shares.
The Directors confirm that, to the best of their knowledge, the consideration paid by the placees
or the public (as the case may be) directly or indirectly for each Offer Share subscribed for
or purchased by them is 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 and
Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this
announcement, make no representation as to its accuracy or completeness and expressly disclaim
any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or
any part of the contents of this announcement.
This announcement is not for release, publication, distribution, directly or indirectly, in or into
the United States (including its territories and possessions, any state of the United States and
the District of Columbia). This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States. The securities mentioned
herein have not been, and will not be, registered under the United States Securities Act of 1933,
as amended (the “U.S. Securities Act ”). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the U.S. Securities
Act and in compliance with any applicable state securities laws, or outside the United States
unless in compliance with Regulation S under the U.S. Securities Act. There will be no public
offer of securities in the United States.
The Offer Shares are being offered and sold outside the United States in offshore transactions in
reliance on Regulation S under the U.S. Securities Act.
This announcement is for information purposes only and does not constitute an invitation or
offer to acquire, purchase or subscribe for securities. This announcement is not a prospectus.
Potential investors should read the Prospectus dated 9 June 2026 issued by SENASIC Electronics
Technology Co., Ltd. ( 琻Ҧ (Ϫᘽ)ʮ̡ ) for detailed information about
the Global Offering described below before deciding whether or not to invest in the H Shares
thereby being offered.
* Potential investors of the Offer Shares should note that the Joint Sponsors and Joint Sponsor-OCs (for
themselves and on behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations
under the Hong Kong Underwriting Agreement with immediate effect upon the occurrence of any of the
events set out in the section headed “Underwriting { Underwriting Arrangements and Expenses { Hong
Kong Public Offering { Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m. (Hong
Kong time) on the Listing Date (which is currently expected to be on Wednesday, 17 June 2026).


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PUBLIC FLOAT AND FREE FLOAT
Immediately upon completion of the Global Offering and the Conversion of Unlisted Shares into
H Shares, taking into account 53,407,000 H Shares to be offered pursuant to the Global Offering
(without taking into account any Shares that may be issued upon exercise of the Over-allotment
Option and under the 2026 Pre-IPO Share Option Scheme), an aggregate of 267,635,180 H Shares
will count towards the public float of the Company under Rule 19A.13A(1) of the Listing Rules,
representing 70.61% of the total issued Shares.
Based on (i) the Offer Price of HK$18.36, and (ii) 379,041,820 total H Shares which are expected
to be in issue immediately upon completion of the Global Offering and the Conversion of Unlisted
Shares into H Shares (without taking into account any Shares that may be issued upon exercise of
the Over-allotment Option and under the 2026 Pre-IPO Share Option Scheme), it is expected that
the market value of the H Shares at the time of Listing will be HK$6.96 billion. Accordingly, in
the event that the expected market value of the Company is over HK$6.0 billion but not exceeding
HK$30.0 billion, the higher of (a) the percentage that would result in the expected market value
of H shares held by the public to be HK$1.5 billion at the time of listing; and (b) 15% of the total
number of issued Shares must be held by the public at the time of Listing. Based on a public float
of 70.61%, the Company will be able to meet the minimum public float requirements under Rule
19A.13A(1) of the Listing Rules.
Rule 19A.13C(1) of the Listing Rules provides that, where a new applicant is a PRC issuer with
no other listed shares at the time of listing, this will normally mean that the portion of H shares
for which listing is sought that are held by the public and not subject to any disposal restrictions
(whether under contract, the Listing Rules, applicable laws or otherwise), at the time of listing,
must: (a) represent at least 10% of the total number of issued shares in the class to which H shares
belong at the time of listing (excluding treasury shares), with an expected market value at the
time of listing of not less than HK$50 million; or (b) have an expected market value at the time
of listing of not less than HK$600 million. Shares held by all the existing shareholders of the
Company (i.e. 325,634,820 Shares) are subject to a lock-up period of 12 months following the
Listing Date pursuant to the applicable PRC laws and H Shares to be issued to the Cornerstone
Investors pursuant to the cornerstone investments set forth in “Cornerstone Investors ” of this
prospectus (i.e. 15,413,600 H Shares) are subject to a lock-up period of six months following
the Listing Date. The Offer Shares to be subscribed by all the other investors participating in the
Global Offering are not subject to any disposal restriction. Based on the Offer Price of HK$18.36
per H Share, the Company confirms that it complies with the free float requirement under Rule
19A.13C(1) of the Listing Rules, with sufficient H Shares held by the public and available for
trading.
The Directors confirm that, immediately following 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 under
the Listing Rules 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.


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COMMENCEMENT OF DEALINGS
The H Share certificates will only become valid evidence of title at 8:00 a.m. on Wednesday, 17
June 2026 (Hong Kong time), provided that the Global Offering has become unconditional and the
right of termination described in the section headed “Underwriting ” 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. in Hong Kong on
Wednesday, 17 June 2026, it is expected that dealings in the H Shares on the Stock Exchange will
commence at 9:00 a.m. on Wednesday, 17 June 2026. The H Shares will be traded in board lots of
200 H Shares each and the stock code of the H Shares will be 6675.
By order of the Board
SENASIC Electronics Technology Co., Ltd.
Li Mengxiong
Chairman of the Board, Executive Director and Chief Executive Officer
Hong Kong, 16 June 2026
As at the date of this announcement, the Board comprises:  (i) Mr. Li Mengxiong, Mr. Zhu
Shouteng, Mr. Li Shuguang and Ms. Xu Hongru as executive directors; (ii) Mr. Ju Hua and Mr.
Sha Chongjiu as non-executive directors; and (iii) Mr. Chu Xiaowen, Mr. Jie Donghui and Ms.
Cheung Suet Fong as independent non-executive directors.