Huaqin Co., Ltd. (Huaqin) reported a sizeable expansion of its Hong Kong–listed H-share capital in May 2026 after the full exercise of the over-allotment option linked to its recent initial public offering.

Key developments for the month ended 31 May 2026 are as follows:

1. H-share issuance • On 26 May 2026 the company allotted and issued 8.78 million H shares at HKD 77.70 each following the full exercise of the over-allotment option. • Issued H shares (excluding treasury shares) rose to 67.33 million from 58.55 million. • Based on the offer price, the additional placement represents gross proceeds of roughly HKD 682.38 million.

2. Authorised and issued share capital • Total authorised/registered share capital increased to RMB 1.08 billion, comprising: – H shares: 67.33 million (par value RMB 1; authorised capital RMB 67.33 million). – A shares: 1,015.73 million (par value RMB 1; authorised capital RMB 1.02 billion). • The A-share structure remained unchanged during the month, with 1,015.52 million issued shares and 215,947 treasury shares.

3. Public-float status • Huaqin confirmed compliance with Hong Kong Stock Exchange public-float requirements. • Public float stood at 6.22% of total issued H shares, with a market value of HKD 6.29 billion, well above the HKD 1 billion threshold for PRC issuers with other listed shares.

4. Share-based incentive schemes • No new shares were issued and no treasury shares were transferred under the company’s Employee Stock Ownership Scheme or its 2023, 2025 and 2026 Restricted Share Incentive Schemes during the month. • Huaqin has no outstanding share options, warrants or convertible instruments.

The filing confirms that all share issuances were duly authorised by the board and complied with pertinent Hong Kong listing rules and regulations.