TOPNC(07688): Fully exercised the rights issue, stabilizing the price movement and the stabilization period ended.

TOPNC (07688) announced that the overall coordinator (for itself and on behalf of international underwriters) has fully exercised the oversubscription rights as stated in the prospectus on June 14, 2026, involving a total of 9.7995 million H shares, representing approximately 15% of the total number of H shares available for subscription under the preliminary global offering before the exercise of oversubscription rights. The oversubscribed shares will be issued and distributed by the company at a price of HK$26.39 per H share (excluding 1.0% brokerage commission, 0.0027% SFC trading levy, 0.00015% SFC transaction levy, and 0.00565% HKEX trading fee) as the offering price per H share under the global offering. The Listing Committee of the Stock Exchange has approved the listing and trading of the oversubscribed shares. It is expected that the oversubscribed shares will commence trading on the main board of the Stock Exchange at 9:00 am on June 17, 2026. In accordance with Rule 9(2) of the Securities and Futures (Price Stabilising) Rules under Chapter 571W of the Hong Kong legislation, the company announced that the stabilising period for the global offering ended on June 14, 2026 (Sunday) (i.e. the 30th day after the deadline for submitting the Hong Kong public offering application). The actions taken by the stabilising manager, China International Capital Corporation (Hong Kong) Limited or any of its affiliates or persons acting on their behalf during the stabilising period are as follows: (i) A total of 9.7995 million H shares were oversubscribed in the international offering, representing approximately 15.0% of the total preliminary number of H shares available for subscription under the global offering before the exercise of oversubscription rights; (ii) The overall coordinator (for itself and on behalf of international underwriters) fully exercised the oversubscription rights on June 14, 2026 (Sunday) at a price of HK$26.39 per H share (excluding 1.0% brokerage commission, 0.0027% SFC trading levy, 0.00015% SFC transaction levy, and 0.00565% HKEX trading fee) as the offering price per H share under the global offering, involving a total of 9.7995 million H shares, representing approximately 15% of the total number of H shares available for subscription under the global offering before the exercise of oversubscription rights, in order to facilitate the delivery of some H shares to underwriters who have agreed to defer delivery of the related H shares subscribed in the global offering; and (iii) The stabilising manager made no purchases or sales of any H shares in the market during the stabilising period.