LONGSYS (09976.HK): Stabilisation Period Ends; Over-allotment Option Lapses Unexercised

NewTimeSpace News: On 4 October 2026, Shenzhen Longsys Electronics Co., Ltd. (stock code: 09976) announced that, pursuant to section 9(2) of the Securities and Futures (Price Stabilising) Rules (Chapter 571W of the Laws of Hong Kong), the stabilisation period in relation to the global offering ended on Saturday, 3 October 2026, being the 30th day after the last day for lodging applications under the Hong Kong public offering; the stabilising manager is CLSA Limited.

During the stabilisation period, the stabilising actions undertaken by the stabilising manager, its affiliates or any person acting on their behalf comprised: an over-allocation of 4,498,400 H shares in the international offering, representing approximately 15.0% of the total offer shares under the global offering (after taking into account the full exercise of the offer size adjustment option but before exercise of any over-allotment option); and the continuous purchase of 4,498,400 H shares on the market at prices ranging from HK$231.40 to HK$236.00 per H share, representing approximately 15.0% of the total offer shares available under the global offering. The last purchase on the market was made on Wednesday, 9 September 2026 at HK$234.80 per H share (all prices excluding brokerage commission, SFC transaction levy, Stock Exchange trading fee and AFRC transaction levy).

The Company further announced that the sponsor and overall coordinator (on its own behalf and on behalf of the international underwriters) did not exercise the over-allotment option during the stabilisation period and that the over-allotment option lapsed on Saturday, 3 October 2026; accordingly, no H shares have been or will be issued pursuant to the over-allotment option. Following the lapse and the end of the stabilisation period, the Company will continue to comply with the public float requirement under Rule 19A.28B(2) of the Listing Rules.

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