Bama Tea Co., Ltd. (Stock Code: 6980) has launched a global offering of 9,000,000 H shares, comprising 900,000 Hong Kong Offer Shares and 8,100,000 International Offer Shares, both subject to reallocation. The nominal value is RMB1.00 per H Share, with a proposed offer price ranging from HK$45.00 to a maximum of HK$50.00. The Hong Kong Public Offering portion represents an initial 10% of the total, while the remaining 90% will be placed in the International Offering.

Applications under the Hong Kong Public Offering are open from 9:00 a.m. on Monday, October 20, 2025, until 11:30 a.m. on Thursday, October 23, 2025. The final offer price is expected to be determined on or before Friday, October 24, 2025, with results of allocations scheduled for publication on or before Monday, October 27, 2025. Dealings in the H shares are anticipated to commence on the Hong Kong Stock Exchange at 9:00 a.m. on Tuesday, October 28, 2025, under the stock code 6980, in board lots of 100 H shares each.