Longsys Concludes IPO Stabilization; 4.50 Million H Shares Purchased, Over-Allotment Option Lapses

Bulletin Express10-04 18:41

Shenzhen Longsys Electronics Co., Ltd. (Longsys) announced that the 30-day post-listing stabilization period for its Hong Kong IPO ended on 3 October 2026. During this window, CLSA Limited, acting as Stabilizing Manager, executed several market actions to support trading in the newly listed H shares.

Key stabilization measures included: • Over-allocation of 4.50 million H shares in the international tranche, equivalent to 15.0% of the total IPO offer size after the Offer Size Adjustment Option was exercised but before any exercise of the Over-Allotment Option. • Market purchases of the same 4.50 million H shares at prices ranging from HK$231.40 to HK$236.00 per share. The final purchase occurred on 9 September 2026 at HK$234.80 per share.

The Sponsor-Overall Coordinators elected not to exercise the Over-Allotment Option, which therefore lapsed on 3 October 2026. No additional H shares will be issued as a result.

Following the conclusion of stabilization activities and the lapse of the Over-Allotment Option, Longsys confirmed that it continues to satisfy the Hong Kong Stock Exchange’s public float requirement under Rule 19A.28B(2).

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