Shanghai Forest Cabin Cosmetics Group Co., Ltd. (2657) announced that the Over-allotment Option under its Global Offering was fully exercised on January 22, 2026. An aggregate of 2,094,950 additional H shares were issued at HK$77.77 per share, representing approximately 15% of the total Offer Shares initially available. Following this exercise, the company’s total issued share capital increased from 139,664,285 shares to 141,759,235 shares.

According to the announcement, the net proceeds from the Over-allotment Shares reached about HK$158.5 million after applicable deductions and expenses. These proceeds will be allocated proportionally to the plans outlined in the company’s Prospectus. Approval for the listing of the Over-allotment Shares has been granted, with dealings expected to begin on the Main Board of the Hong Kong Stock Exchange at 9:00 a.m. on January 27, 2026.

Following completion of the Over-allotment Option, the company reported a shareholding structure comprising 23.68% in domestic unlisted shares, 64.99% in H shares converted from domestic unlisted shares, and 11.33% in H shares issued under the Global Offering. The announcement further indicated that the stabilization period ended on January 22, 2026, with no purchase or sale of any H shares on the market for the purpose of price stabilization.