REFIRE(02570): partial exercise of the over-allotment option, stabilisation action and end of stabilisation period.

REFIRE (02570) announced that the Stabilizing Price Operator (for itself and on behalf of the international underwriters) partially exercised the over-allotment option as stated in the prospectus on January 2, 2025 (Thursday), involving a total of 23,180 H shares (over-allotted shares), representing approximately 0.48% of the total number of shares available for subscription under the preliminary offering of the global offering before any over-allotment option was exercised. The company will distribute and issue the over-allotted shares at a price of HK$147.00 per H share (i.e., the offering price per share under the global offering, excluding 1.0% brokerage commission, 0.0027% SFC transaction levy, 0.00015% exchange fee, and 0.00565% trading fee) to facilitate the delivery of part of the subscribed shares under the global offering to subscribers who have agreed to deferred delivery. China International Finance Hong Kong Securities Limited, as the Stabilizing Price Operator (or any affiliated person or anyone acting on its behalf), took the following stabilizing actions during the stabilization period: (1) A total of 482,800 H shares were over-allocated in the international offering, representing approximately 10% of the total number of shares available for subscription under the global offering before any over-allotment option was exercised; (2) A total of 459,600 H shares were continuously purchased in the market during the stabilization period at a price ranging from HK$145.40 to HK$147.00 per H share (excluding 1.0% brokerage commission, 0.0027% SFC transaction levy, 0.00015% exchange fee, and 0.00565% trading fee), representing approximately 9.52% of the total number of shares available for subscription under the global offering before any over-allotment option was exercised. The last purchase date in the market by the Stabilizing Price Operator, its affiliated person, or anyone acting on its behalf during the stabilization period was on January 2, 2025 (Thursday), at a price of HK$147.00 per H share (excluding fees); (3) The Stabilizing Price Operator (for itself and on behalf of the international underwriters) partially exercised the over-allotment option on January 2, 2025 (Thursday) for a total of 23,200 H shares (equivalent to approximately 0.48% of the total number of shares available for subscription under the global offering before any over-allotment option was exercised) at a price of HK$147.00 per H share (i.e., the offering price per share under the global offering, excluding fees) to facilitate the delivery of part of the subscribed shares under the global offering to subscribers who have agreed to deferred delivery. The company further announced that the stabilization period related to the global offering ended on January 2, 2025 (Thursday) (i.e., 30 days after the deadline for submitting the Hong Kong public offering application).