Group 1 - The stabilization period related to the global offering of Xiaoma Zhixing-W (02026) will end on December 3, 2025, which is the 30th day after the application deadline for the Hong Kong public offering [1] - The overall coordinator, representing international underwriters, did not exercise the over-allotment option during the stabilization period, and this option will expire on December 3, 2025 [1] - Goldman Sachs (Asia) LLC, as the stabilization agent, undertook stabilization actions during the period, including the allocation of 7.2373 million Class A ordinary shares, which represents 15% of the total shares available for subscription under the global offering [1] Group 2 - Goldman Sachs International, a subsidiary of the stabilization agent, borrowed a total of 7.2373 million Class A ordinary shares from Morningside China TMT Fund IV, L.P., Morningside China TMT Special Opportunity Fund II, L.P., and Morningside China TMT Fund IV Co-investment, L.P. to cover the over-allotment in the international offering [1] - The shares borrowed will be returned to the lenders according to the terms of the borrowing agreement [1] - During the stabilization period, shares were purchased in the market at prices ranging from HKD 85.70 to HKD 126.10 per Class A ordinary share, with the last purchase occurring on December 3, 2025, at a price of HKD 112.40 per share [1]

Core Viewpoint - The announcement indicates that the stabilization period for the global offering of 旺山旺水-B (02630) has ended as of December 3, 2025, with no excess allocation of H-shares during the international offering [1] Group 1 - The stabilization period concluded on December 3, 2025, which is 30 days after the deadline for submitting the Hong Kong public offering application [1] - There were no stabilization actions taken by the stabilizing agent or any person acting on its behalf during the stabilization period [1] - The sponsor and overall coordinator did not exercise the over-allotment option, which has now lapsed as of December 3, 2025 [1]

Core Insights - Minglue Technology-W (02718) announced that the overallotment option described in the prospectus was fully exercised by the sole sponsor and global coordinator on November 27, 2025, involving a total of 1.0828 million Class A shares, which represents approximately 15% of the total shares initially available for subscription under the global offering [1] - The shares from the overallotment option will be issued at a price of HKD 141.00 per share [1] - The overallotment shares will be used to facilitate the delivery of a portion of the shares to cornerstone investors who have agreed to delay the delivery of their subscribed shares under the global offering [1] - The stabilization period for the global offering ended on November 27, 2025, which is the 30th day after the submission of the public offering application in Hong Kong [1]

Core Viewpoint - Cambridge Technology (06166.HK) announced the end of the stabilization period for its global offering on November 22, 2025, marking the 30th day since the submission deadline for the Hong Kong public offering application [1] Group 1: Stabilization Actions - During the stabilization period, a total of 10,051,500 H-shares were over-allocated under the international offering, representing approximately 15% of the total shares initially available for subscription before the exercise of the over-allotment option [1] - The sole sponsor and overall coordinator exercised the over-allotment option in full on November 10, 2025, involving the issuance of 10,051,500 H-shares at a final price of HKD 68.88 per share, excluding various fees [1] - No H-shares were bought or sold in the market by the stabilization agent during the stabilization period [1]

格隆汇11月24日丨剑桥科技(06166.HK)公告，有关全球发售的稳定价格期间已于2025年11月22日(星期 六)(即递交香港公开发售申请截止日期起计第30日)结束。有关稳定价格经办人国泰君安证券(香港)有限 公司或其任何联属人士或代其行事的任何人士于稳定价格期间所采取的稳定价格行动之进一步详情载于 下文： (1)国际发售项下超额分配合共10,051,500股H股，占全球发售项下初步可供认购发售股份总数(于超额配 股权获行使前)的约15%；及(2)独家保荐人兼整体协调人(为其本身及代表国际包销商)于2025年11月10日 (星期一)悉数行使超额配股权，涉及按每股H股68.88港元(即全球发售项下每股H股的最终发售价，不包 括1%经纪佣金、0.0027%证监会交易徵费、0.00015%会财局交易徵费及0.00565%香港联交所交易费)发 行合共10,051,500股H股，用于促成将部分H股交付予已同意延迟交付其根据全球发售认购的相关H股的 承配人及╱或补足国际发售的超额分配(如有)。 在稳定价格期间，稳定价格经办人并无在市场上买卖任何H股以稳定价格。 ...

来源：瑞恩资本RyanbenCapital 聚水潭是次发售的股份数目，因此由6816.62万股，增至7839.11万股，其IPO募资额升至约23.99亿港 元。 | | 緊接悉數 | | 緊隨悉數 | | | --- | --- | --- | --- | --- | | | 行使超額配股權完成前 | | 行使超額配股權完成後 | | | | 佔本公司 | | | 估本公司 | | | 已發行股本 | | | 已發行股本 | | 股份説明 | 股份數目 的概約百分比 | | 股份數目 的概約百分比 | | | 已發行股份(包括優先股重新 | | | | | | 指定及重新分類後的股份) | 3.578.724 | 0.84% | 3.578.724 | 0.82% | | 作為資本化發行的一部分 | | | | | | 所發行的股份 | 354.293.676 | 83.16% | 354.293.676 | 81.21% | | 根據全球發售發行的股份 | 68.166.200 | 16.00% | 78.391.100 | 17.97% | | 總計 | 426.038.600 | 100% | 436, ...

广和通（300638）(00638)发布公告，根据香港法例第571W章证券及期货(稳定价格)规则第9(2)条，本公 司宣布，有关全球发售的稳定价格期于2025年11月16日(星期日)(即递交香港公开发售申请截止日期后第 30日)结束。 稳定价格操作人、其联属人士或代其行事的任何人士于稳定价格期内进行的稳定价格行动载列如下： (1)在国际发售中超额分配合共2026.2万股H股，约占任何超额配股权获行使前全球发售项下初步提呈发 售的发售股份总数的15%; (2)于稳定价格期间先后在市场上以介乎每股H股17.30港元至21.50港元的价格购买合共2026.2万股H股 (约占任何超额配股权获行使前全球发售项下初步可供认购的发售股份总数的15%)。稳定价格操作人、 其联属人士或代其行事的任何人士于稳定价格期内在市场上作出的最后一次购买于2025年11月14日(星 期五)进行，价格为每股H股20.34港元。 保荐人兼整体协调人(代表国际承销商)于稳定价格期内并无行使超额配股权，且超额配股权于2025年11 月16日(星期日)失效。因此，并无或不会根据超额配股权发行H股。 ...

Core Points - The company Yunji (02670) announced that the overall coordinator has fully exercised the over-allotment option, involving a total of 1.035 million shares, which represents approximately 15% of the total number of shares initially available for subscription before the exercise of any over-allotment option [1] - The over-allotment shares will be issued at a price of HKD 95.60 per share, which is the same as the global offering price, excluding various fees [1] - The stabilization period for the global offering ended on November 12, 2025, which is the 30th day after the submission deadline for the Hong Kong public offering application [1] Summary by Sections Over-allotment and Pricing - The overall coordinator, representing international underwriters, exercised the over-allotment option for a total of 1.035 million shares, accounting for about 15% of the initial shares available for subscription [1] - The shares were issued at HKD 95.60 each, which is the global offering price, not including brokerage and regulatory fees [1] Stabilization Period - The stabilization period for the global offering concluded on November 12, 2025, marking the end of the price stabilization actions [1] - During the stabilization period, the stabilization agent did not engage in any trading of H shares in the market to stabilize prices [2]

Group 1 - The company has issued 67.01 million H-shares, which were listed and began trading on the Hong Kong Stock Exchange on October 28, 2025 [1] - The company has agreed to allow the sole sponsor and overall coordinator to fully exercise the over-allotment option on November 10, 2025, issuing an additional 10.05 million H-shares at a final offering price of HKD 68.88 per share [1] - After the full exercise of the over-allotment option, the total number of H-shares issued will increase from 67.01 million to 77.06 million [1]

Core Viewpoint - Zijin Mining International (02259.HK) announced the end of the stabilization period for its global offering on October 25, 2025, which is 30 days after the deadline for submitting applications for the Hong Kong public offering [1] Group 1 - The stabilization agent, Morgan Stanley Asia Limited, or its affiliates, undertook stabilization actions during the stabilization period, including the allocation of a total of 52,348,600 shares, which represents approximately 15% of the total shares initially available for subscription under the global offering [1] - The overall coordinator exercised the overallotment option on October 8, 2025, involving 52,348,600 shares at a price of HKD 71.59 per share, which is the offering price excluding various fees [1] - The shares were borrowed by the stabilization agent under a borrowing agreement to facilitate the return of shares to Jinshan Hong Kong [1] Group 2 - During the stabilization period, the stabilization agent did not buy or sell any shares in the market to stabilize the price [2]