Horse Tea (06980): Hong Kong public offering was oversubscribed by 2680.04 times, with an offer price of HK$50 per share.

Bama Tea Company (06980) announced the results of its distribution, with a global sale of 9 million H shares, of which 10% were sold publicly in Hong Kong and 90% were sold internationally. The sale price per share was HK$50, with a net raise of approximately HK$390 million from the global sale. Each lot of H shares consists of 100 shares, and it is expected that H shares will begin trading on the Stock Exchange on October 28, 2025, at 9:00 am Hong Kong time. The public sale in Hong Kong was oversubscribed 2680.04 times, while the international sale was oversubscribed 13.58 times.