Liuliumei Co., Ltd. (LIULIUMEI) has finalised its Hong Kong listing terms, confirming an offer price of HK$43.58 per H share for a total of 11.46 million shares. Trading is scheduled to begin on 15 June 2026.

Key deal metrics • Gross proceeds: HK$499.60 million; estimated net proceeds: HK$440.10 million. • Post-listing market capitalisation: approximately HK$3.44 billion. • Free float (unrestricted shares): 8.08 million H shares, or 10.25% of issued capital, valued at about HK$352.00 million. • Public float: 25.0001% of issued H shares, satisfying Listing Rule 19A.13A.

Offering structure and demand • Global Offering: 11.46 million H shares, split 10% Hong Kong Public Offering (1.15 million shares) and 90% International Offering (10.32 million shares). • Hong Kong Public Offering received 180,507 valid applications and was 6,586.73 times subscribed. • International Offering was 2.64 times subscribed by 64 placees. • No over-allocation; the over-allotment option will not be exercised.

Investor mix • Two cornerstone investors—Fanchang Revitalization and Top New—took 3.39 million shares (29.55% of the offer). Their holdings are locked up until 14 March 2027. • Five largest international placees captured 47.94% of the offer; the top 25 accounted for 82.18%. • The largest shareholder, Mr. Yang Fan, retains 59.11 million H shares (75.00% of total issued capital) subject to lock-up until 14 June 2027.

Lock-up summary • Controlling shareholders: 75.00% of issued shares locked for six months post-listing, with partial restrictions extending to 14 June 2027. • Pre-IPO investors, holding 8.24 million H shares (10.45% of issued capital), face lock-ups ending 14 June 2027.

Regulatory and listing timetable • All necessary waivers and consents under the Listing Rules and Placing Guidelines have been obtained. • H share certificates become valid at 08:00 on 15 June 2026; trading starts at 09:00 the same day under stock code 06658 in board lots of 100 shares.

With robust retail demand and confirmed cornerstone support, LIULIUMEI moves toward its HKEX debut with a fully subscribed book, meeting public-float and free-float thresholds established by the exchange.