Wenyuan Zhixing-W (00800): Price stabilization actions, end of price stabilization period, and expiration of over-allotment rights

Zhitong Finance App News, Wenyuan Zhixing-W (00800) announced that the price stability period for global sales ended on December 3, 2025 (Wednesday) (that is, the 30th day after the deadline for submitting the Hong Kong Public Sale Application).

The price stabilization actions carried out by the price stabilizer operator China International Finance Hong Kong Securities Limited, its affiliates or any person acting on its behalf during the price stabilization period are set out as follows: (i) a total of 13.2375 million shares on sale during the international sale, not exceeding 15% of the number of shares available for subscription under the global offering before any overallotment rights are exercised; (ii) stable according to the share loan agreement between the stable price operator and Yanli Holdings Limited dated October 31, 2025. The price operator borrowed a total of 13.2375 million shares of the sale from Yanli Holdings Limited to make up for the overallocation in the international sale. These Class A common shares will be returned and re-delivered to Yanli Holdings Limited in accordance with the terms of the loan agreement; (iii) a total of 13.2375 million shares of the offering will be purchased on the market during the price range of HK$18.38 to HK$24.98 per Class A common share, not exceeding 15% of the number of shares available for subscription under the global offering before any overallotment rights are exercised. The last purchase made on the market by the stable price operator, its affiliate or any person acting on its behalf during the price stability period was the purchase at HK$20.52 per Class A common share on November 24, 2025.

Furthermore, the overall coordinator (for himself and on behalf of the international underwriter) did not exercise the right to overallocate during the price stabilization period, and the overallocation right expired on December 3, 2025. Therefore, the Company does not and will not issue any Class A common stock under the over-allotment right.