MeiG Smart Technology Co., Ltd. Announces Offer Price and Full Exercise of Offer Size Adjustment Option Ahead of Hong Kong Listing

Key Highlights for Investors:

• Final Offer Price Determined: MeiG Smart Technology Co., Ltd. (“MeiG Smart” or “the Company”) has set its final Offer Price at HK\$28.86 per Offer Share. This price is exclusive of additional charges, namely brokerage (1%), SFC transaction levy (0.0027%), Stock Exchange trading fee (0.00565%), and AFRC transaction levy (0.00015%).
• Full Exercise of Offer Size Adjustment Option: The Offer Size Adjustment Option has been exercised in full. This means the Company will issue and allot an additional 5,250,000 Offer Shares, which represents approximately 15% of the initial number of Offer Shares available under the Global Offering.
• Listing Timeline and Trading Details: If the Global Offering becomes unconditional on or before 8:00 a.m. on March 10, 2026 (Hong Kong time), dealings in the H Shares on the Main Board of the Hong Kong Stock Exchange are expected to commence at 9:00 a.m. on March 10, 2026 (Hong Kong time). The H Shares will be traded in board lots of 100 shares each.
• Allocation Results and Application Levels: The Company will announce the levels of indications of interest for the International Offering, the level of applications in the Hong Kong Public Offering, the basis of allocations, and the results of allocations for the Hong Kong Offer Shares on March 9, 2026. Details will be published as described in the Prospectus.
• Underwriting Agreement Termination Rights: Investors should be aware that the Sole Sponsor and Sponsor-Overall Coordinator (on behalf of the Hong Kong Underwriters) have the right to terminate the Hong Kong Underwriting Agreement immediately if certain events occur, as set out in the Prospectus. This termination right can be exercised at any time before 8:00 a.m. on the Listing Date.

Details and Implications for Shareholders

• Capital Raising and Market Interest: The full exercise of the Offer Size Adjustment Option suggests robust demand for MeiG Smart’s shares ahead of its listing. Issuing an additional 5.25 million shares (15% more than initially planned) at the determined offer price could be interpreted as a positive signal regarding investor appetite and confidence in the Company’s prospects.
• Potential Price Sensitivity: The final pricing and full exercise of the adjustment option are material events. An oversubscribed offering or a larger-than-expected allocation may drive positive sentiment and impact share price performance upon listing. Conversely, any adverse market developments or unexpected events leading to the termination of the underwriting agreement could negatively affect the share value and listing process.
• Key Dates for Investors: The announcement of allocation results on March 9, 2026, and the commencement of trading on March 10, 2026, are critical dates that shareholders and prospective investors should monitor closely.
• Regulatory and Legal Considerations: The Offer Shares are being sold exclusively outside the United States in reliance on Regulation S under the U.S. Securities Act. They are not registered in the U.S. and cannot be offered or sold there, except under specific exemptions.
• Board Composition: For governance transparency, the Company’s board includes Mr. WANG Ping (Chairman, Executive Director, General Manager), Mr. DU Guobin, Mr. XIA Youqing, Mr. HUANG Min (Executive Directors), and Mr. YANG Zheng, Dr. MA Lijun, and Ms. LIU Jia (Independent Non-Executive Directors).

Important Investor Notices

• Investment Decision: All investment decisions regarding the Offer Shares should be based solely on the information provided in the Prospectus.
• Risk of Termination: The Hong Kong Underwriting Agreement may be terminated if certain specified events occur prior to the listing. Investors should review the “Grounds for Termination” outlined in the Prospectus for full details.

Conclusion

The announcement of MeiG Smart’s offer price and the exercise of the Offer Size Adjustment Option are significant events ahead of its Hong Kong listing. The increased offering size reflects strong market interest, which could be price supportive. However, investors should remain vigilant regarding any developments before the listing date that might affect the offering’s unconditional status or trigger underwriting termination rights.

Disclaimer: This article is for informational purposes only and does not constitute an offer or solicitation to purchase or subscribe for any securities. Prospective investors should read the Prospectus in detail and make their investment decisions based solely on the information contained therein. The Offer Shares have not been registered in the United States and are not available for sale in the United States except under certain exemptions. Market conditions and company-specific risks may affect the share price, and there is no guarantee of investment performance. Always consult with professional advisers before making any investment decisions.

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