Ningde Times announced the selling price of H shares: fixed at HKD 263.00 per H share.

Ningde Times announced on the Hong Kong Stock Exchange that the offer price for May 15, 2025 has been set at HK$263.00 per H share. The right to adjust the amount of shares to be issued has been exercised, and accordingly, the company will issue and allocate an additional 17,684,100 shares at the offer price, representing approximately 15.0% of the total preliminary offer shares available for subscription globally. The additional shares issued and allocated based on the right to adjust the amount of shares will be distributed according to the initial ratio of 7.5% for Hong Kong public offering and 92.5% for international offering. The company expects to announce the enthusiasm of international offering, the level of applications for Hong Kong public offering, the allocation criteria for Hong Kong offering shares, and the results of the Hong Kong public offering on May 19, 2025 in the section "How to Apply for Hong Kong Offering Shares - Disclosure of Results" in the prospectus. Assuming the global offering becomes unconditional by 8:00 am on May 20, 2025, it is expected that H shares will begin trading on the main board of the Hong Kong Stock Exchange at 9:00 am on May 20, 2025. H shares will be traded in units of 100 shares per lot.