Shandong Extreme Vision Technology Co., Ltd. (trading name: EXTREME VISION) has released the final allotment results for its Hong Kong initial public offering (IPO).

Key Offering Terms and Proceeds • Offer structure: 12.48 million H shares, split 20% Hong Kong Public Offering and 80% International Offering after reallocation. • Offer price: HK$40.00 per share, implying gross proceeds of HK$499.20 million and net proceeds of HK$434.40 million after estimated listing expenses of HK$64.80 million. • Post-listing share capital: 112.91 million shares, translating into an implied market capitalisation of approximately HK$4.52 billion at the offer price.

Subscription Response • Hong Kong Public Offering: 159,089 valid applications for 2.50 million shares, representing 4,591.37 times oversubscription. • International Offering: 128 placees took up 9.98 million shares, 3.41 times subscribed. • The claw-back mechanism was triggered, moving 1.87 million shares from the international tranche to the public tranche.

Investor Mix and Concentration • Top 10 placees received 8.34 million shares, accounting for 83.56% of the international tranche and 7.39% of total issued share capital post-listing. • The top 10 H shareholders will control 80.21% of H shares on listing. Regulators warn that a high concentration of ownership could lead to significant price volatility on limited trading volumes.

Strategic and Cornerstone Investors • Cornerstone investors secured 1.18 million shares (9.45% of the offering). Zhengjin International, a close associate of existing shareholders, took 1.13 million shares (9.05% of the offer; 1.00% of total share capital). • Pre-IPO investors, key persons and pathfinder strategic investors remain subject to lock-ups ranging from six to twelve months, covering 34.53% of total share capital for key persons, 17.39% for pathfinder investors and 37.03% for other pre-IPO investors.

Free Float and Compliance • Approximately 60.38% of the company’s total issued shares will be in public hands upon listing, exceeding the 25% minimum required under Chapter 8.08 of the Hong Kong Listing Rules. • At least 10% of H shares not subject to disposal restrictions will be freely tradable, satisfying the free-float requirement under Rule 19A.13C. • No single placee has been allotted more than 10% of the enlarged issued share capital, and no new substantial shareholder will emerge post-listing.

Listing Schedule • Dealings in EXTREME VISION’s H shares (board lot: 50 shares) are scheduled to commence on the Stock Exchange of Hong Kong at 9:00 a.m. on 30 March 2026 under stock code 06636, subject to the Global Offering becoming unconditional.