ASCENTAGE-B (06855) intends to apply for listing American Depositary Shares on the Nasdaq Global Select Market (or Nasdaq).

ASCENTAGE-B (06855) announced that it has confidentially submitted a draft registration statement on Form F-1 to the Securities and Exchange Commission regarding a proposed initial public offering on December 23, 2024 (Hong Kong time). The China Securities Regulatory Commission (CSRC) has posted a notice on its website regarding the company filing for approval for the proposed IPO with the CSRC, confirming the filing content, and the filing application has been completed. On December 27, 2024 (Eastern Time), the company publicly submitted an F-1 registration statement for the proposed initial public offering of its American Depositary Shares (each representing 0.0001 USD) to the SEC, which has not yet become effective. J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint bookrunners and underwriters for the proposed offering. The company plans to list its American Depositary Shares on the Nasdaq Global Select Market (or Nasdaq) under the symbol "AAPG". The number of American Depositary Shares to be offered and the proposed offering price range have not been determined. The offer price of the company's American Depositary Shares will be based on the closing price of the company's ordinary shares on the Hong Kong Stock Exchange on the trading day preceding the pricing date, taking into account current market conditions and discussions with the underwriters. For clarity, the offer price shall not be discounted by 20% or more from the benchmark price of the company's ordinary shares as stated in Rule 13.36(5) of the Listing Rules.