SMIC: Global offering of 28,915,800 H shares to be listed on the main board of the Hong Kong Stock Exchange.
Zhaoyi Innovation announced that the total number of H shares sold worldwide by the company is 28.9158 million shares, with 10% sold publicly in Hong Kong and 90% sold internationally. The selling price per H share is HK$162.00, with an estimated net proceeds of approximately HK$4.611 billion. In 2026, the 28.9158 million H shares will be listed on the main board of the Hong Kong Stock Exchange with the stock code "3986". After the issuance and listing, if the over-allotment option is not exercised, A-share shareholders' ownership will decrease to 95.85% and H-share shareholders will account for 4.15%; if all options are exercised, A-share shareholders' ownership will decrease to 95.26% and H-share shareholders will account for 4.74%. Additionally, the shareholding percentages of shareholders with more than 5% ownership, including Zhu Yiming, have also decreased.
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