Xizhi Tech Issues 2.07 Million New H Shares After Full Exercise of Over-Allotment Option

Bulletin Express05-14 22:43

Shanghai Xizhi Technology Co., Ltd. (“Xizhi Tech”) disclosed that 2.07 million H shares were issued and allotted on 14 May 2026 following the full exercise of the over-allotment option linked to its earlier share offer.

The new issuance represents a 2.80% expansion of the company’s outstanding share capital, lifting the total number of issued shares (excluding treasury shares) from 74.78 million to 76.85 million.

The shares were priced at HKD 183.20 each, implying gross proceeds of roughly HKD 379.09 million (USD 48.50 million).

According to the filing, the allotment was fully authorised by the board, all regulatory conditions were satisfied, and no treasury shares were involved.

Dr. Shen Yichen, Director, submitted the disclosure to the Stock Exchange of Hong Kong on 14 May 2026.

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