Zhejiang Sanhua Intelligent Controls (02050): The period of stable prices has ended, and the rights of oversubscription in the allotment of shares have been exercised.

Zhejiang Sanhua Intelligent Controls (02050) announced that the oversubscription rights as stated in the prospectus have been fully exercised by the lead manager (on its own behalf and on behalf of the international underwriters) on July 18, 2025 (Friday), involving a total of 62.159 million H shares, representing approximately 15.0% of the total number of offer shares available for subscription under the global offering (after taking into account the exercise of the over-allotment option, but before the exercise of any oversubscription rights). The oversubscribed shares will be issued and distributed by the company at a price of HK$22.53 per H share, and the net proceeds received by the company from the issuance of the oversubscribed shares are estimated to be approximately HK$1.39 billion. Pursuant to Rule 9(2) of the Securities and Futures (Price Stabilization) Rules of Chapter 571W of the Hong Kong Legislation, the company further announced that the stabilization period for the global offering ended on July 18, 2025 (Friday) (i.e., the 30th day after the deadline for submitting the Hong Kong public offering application). The stabilization actions conducted by China International Capital Corporation Hong Kong Securities Limited (the stabilization manager), its affiliates, or any persons acting on their behalf during the stabilization period are as follows: (1) An oversubscription of a total of 62.159 million H shares was allocated in the international offering, representing approximately 15.0% of the total number of offer shares presented for subscription under the global offering (after taking into account the exercise of the over-allotment option, but before the exercise of any oversubscription rights); (2) During the stabilization period, a total of 6.529 million H shares were continuously purchased on the market at a price range of HK$20.95 to HK$22.50 per H share (excluding brokerage commissions, SFC trading levies, HKEX trading fees, and HKFS trading levies), representing approximately 1.58% of the total number of offer shares available for subscription under the global offering (after taking into account the exercise of the over-allotment option, but before the exercise of any oversubscription rights). The last purchase on the market during the stabilization period was made on June 23, 2025 (Monday) at a price of HK$22.50 per H share (excluding brokerage commissions, SFC trading levies, HKEX trading fees, and HKFS trading levies); (3) During the stabilization period, a total of 6.529 million H shares were continuously sold on the market at a price range of HK$23.15 to HK$25.95 per H share (excluding brokerage commissions, SFC trading levies, HKEX trading fees, and HKFS trading levies). The last sale on the market during the stabilization period was made on July 17, 2025 (Thursday) at a price of HK$24.80 per H share (excluding brokerage commissions, SFC trading levies, HKEX trading fees, and HKFS trading levies); and (4) The lead manager (on its own behalf and on behalf of the international underwriters) fully exercised the oversubscription rights on July 18, 2025 (Friday) at a price of HK$22.53 per H share (i.e., the offer price per H share under the global offering, excluding brokerage commissions, SFC trading levies, HKEX trading fees, and HKFS trading levies), involving a total of 62.159 million H shares, representing approximately 15.0% of the total number of offer shares available for subscription under the global offering (after taking into account the exercise of the over-allotment option, but before the exercise of any oversubscription rights), in order to expedite the delivery of part of the H shares to subscribers who have agreed to delay the delivery of the relevant offer shares subscribed under the global offering. Following the completion of the full exercise of the oversubscription rights, the number of H shares held by the public represents approximately 11.3% of the total issued share capital of the company.