ASCENTAGE-B (06855): Partial exercise of the excess rights issue related to the issuance of American Depositary Shares

ASCENTAGE-B (06855) announced that the underwriters of the preliminary public offering in the United States have partially exercised their over-allotment option to purchase an additional 935,144 American Depositary Shares at a price of $17.25 per ADS, less underwriting discounts and commissions. Each ADS represents four ordinary shares of the company. After the partial exercise of the over-allotment option, the total number of ADS sold in the offering will increase to 8,260,144, and the total proceeds to the company will be approximately $142.5 million (excluding underwriting discounts and commissions payable by the company and other offering expenses). Delivery of the over-allotment option is subject to customary closing conditions.