LINGYI iTECH (Guangdong) Company has finalised the pricing of its Hong Kong initial public offering at HK$10.18 per H share, the top end of the indicated range. The Global Offering comprises 811.81 million H shares and will deliver gross proceeds of approximately HK$8.26 billion, or HK$8.15 billion after estimated listing expenses. Dealings are scheduled to begin on 26 June 2026 under the stock code 01688, with shares trading in board lots of 660.

Upon listing, the company will have 8.12 billion issued shares, of which the new H-share tranche will account for 10.04% of total share capital, meeting Hong Kong’s 10% minimum public-float requirement. The free-float test under Rule 19A.13C is also satisfied after excluding cornerstone allocations.

Offer structure and demand • Hong Kong Public Offering: 81.18 million shares (10% of the deal) were 96.16-times subscribed, generating 162,822 valid applications and 33,279 successful allocations. • International Offering: 730.63 million shares (90% of the deal) were 10.27-times subscribed and placed to 152 investors. • Cornerstone tranche: 313.24 million shares, or 38.59% of the H-share issue, were taken up by 23 investors. Each cornerstone investor is subject to a six-month lock-up ending 25 December 2026.

Ownership and lock-ups Controlling shareholders Lingsheng Investment (Jiangsu) Co., Ltd. and Ms. Zeng Fangqin will hold a combined 52.32% post-listing and are locked up for 12 months, with a phased release after six months. The top five placees in the International Offering will own 33.84% of issued H shares, prompting a cautionary statement on share-price volatility due to high concentration.

Capitalisation and use of proceeds Net proceeds of HK$8.15 billion are earmarked for purposes detailed in the prospectus. No new substantial shareholder will emerge from the transaction, and no single placee will own more than 10% of the enlarged share capital at listing.

Trading and settlement Share certificates become valid at 08:00 on 26 June 2026, provided listing conditions are met and underwriting agreements are not terminated.

All data herein is sourced directly from the company’s allotment results announcement dated 25 June 2026.