Dtech Technology (01377.HK): Final Offer Price Set at HK$380, Hong Kong Public Offering 354x Oversubscribed

Guangdong Dtech Technology Co., Ltd. (Stock Code: 1377) announced the final offer price and allotment results of its global offering. The final offer price has been set at HK$380.00 per H share, at the upper end of the offer price range. The global offering comprises 12,632,000 H shares, including 1,263,200 Hong Kong offer shares (including 60,300 overseas employee reserved shares under the overseas employee preferential offering) and 11,368,800 international offer shares (including 911,300 PRC employee reserved shares under the PRC employee preferential offering). The total number of shares in issue upon listing will be 424,044,934. The gross proceeds will be approximately HK$4,800.2 million, and the net proceeds after deducting estimated listing expenses are approximately HK$4,664.8 million.

The Hong Kong public offering (excluding the overseas employee preferential offering) received 118,991 valid applications, with 11,515 accepted applications, representing a subscription level of 354.64 times. The overseas employee preferential offering received 6 valid applications, with a subscription level of 0.48 times, and 66,000 unsubscribed overseas employee reserved shares were reallocated to the Hong Kong public offering. The international offering (excluding the PRC employee preferential offering) was 24.50 times subscribed, with 227 placees. The PRC employee preferential offering received 1 valid application (from 116 participants), with a subscription level of 0.80 times, and 225,500 unsubscribed PRC employee reserved shares were reallocated to the international offering.

Cornerstone investors, including Shenghong Technology Group (Hong Kong) Limited, HHLR Advisors, Ltd., Aspex Master Fund, and Kington Investment Limited, were allotted an aggregate of 5,236,500 offer shares, representing approximately 41.45% of the total H shares in issue following the global offering. Each cornerstone investor has agreed to a six-month lock-up period from the listing date. Trading of the H shares is expected to commence on the Stock Exchange at 9:00 a.m. on 9 July 2026, in board lots of 100 H shares each.

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