Ningbo Joyson (0699) Announces End of Stabilization Period, Stabilizing Actions, and Over-Allotment Option Outcome

Bulletin Express12-04

NINGBO JOYSON ELECTRONIC CORP. (Stock Code: 0699) announced that its stabilization period relating to the Global Offering concluded on Wednesday, December 3, 2025, the 30th day following the final application date under the Hong Kong Public Offering. According to the announcement, China International Capital Corporation Hong Kong Securities Limited, its affiliates, or any persons acting on its behalf, conducted over-allocation and subsequent purchases during the stabilization period.

The company reported that an aggregate of 23,265,000 H Shares were over-allocated under the International Offering, accounting for 15% of the initial Offer Shares. These H Shares were subsequently purchased in a price range from HK$15.30 to HK$21.50, with the last purchase at HK$17.80 on December 3, 2025. All prices exclude brokerage of 1.0%, the SFC transaction levy of 0.0027%, the Stock Exchange trading fee of 0.00565%, and the AFRC transaction levy of 0.00015%.

The company further stated that the Over-allotment Option was not exercised during the stabilization period and lapsed on Wednesday, December 3, 2025. No additional H Shares will be issued under this option. Following these developments, the public float remains at no less than 10% of Ningbo Joyson Electronic Corp.’s total issued shares (excluding treasury shares), meeting the Rule 19A.13A(2) requirement under the Listing Rules.

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