Adaspace Technology Co., Ltd. has officially opened its Hong Kong public offer as part of a Global Offering of up to 30.12 million H shares, comprising an initial 3.01 million shares for Hong Kong investors and 27.11 million shares for international buyers.

Key Terms • Offer Size: 30.12 million H shares, with flexibility to expand by up to 4.52 million shares through an Offer Size Adjustment Option and a further 4.52–5.20 million shares via an Over-allotment Option—together representing a potential 30 % increase over the initial base deal. • Pricing Range: HK$24.90–HK$33.20 per H share, implying maximum potential gross proceeds of approximately HK$1.00 billion if priced at the top end and before any exercise of the two options. • Market Debut: Conditional trading on the Main Board of the Hong Kong Stock Exchange (HKEX) is scheduled for 09:00 on 13 November 2026 under stock code 6935. Shares will trade in lots of 100.

Timetable Highlights (Hong Kong Time) • Offer opens: 09:00, 5 November 2026 • White Form eIPO application deadline: 11:30, 10 November 2026 • Application lists close: 12:00, 10 November 2026 • Price determination: by 12:00, 11 November 2026 • Allocation results & final pricing announcement: no later than 23:00, 12 November 2026

Underwriting & Stabilisation Guotai Junan Capital Limited acts as Sole Sponsor, with Guotai Junan Securities (Hong Kong) Limited serving both as Sponsor-Overall Coordinator and one of two Overall Coordinators. The same entity is expected to be appointed Stabilising Manager, empowered to carry out price-supporting transactions for up to 30 days post-listing.

Capital Structure & Admission All offered shares carry a nominal value of RMB 0.1 each. Subject to HKEX approval and CCASS admission, electronic settlement will be available from the listing date. No physical prospectus or paper applications are being issued; investors must apply via the White Form eIPO platform or through HKSCC’s FINI system.

Regulatory Restrictions The Offer Shares are marketed exclusively outside the United States in compliance with Regulation S. U.S. Persons, as defined under the SEC’s Final Rule, are prohibited from subscribing.

Board Composition The Company’s Board comprises five executive directors, five non-executive directors and five independent non-executive directors, chaired by Executive Director Dr. Lu Chuan.

With its IPO terms now disclosed, Adaspace Technology moves into book-building ahead of its anticipated mid-November listing, positioning itself for public market debut subject to customary closing conditions.