According to the Zhitong Finance App, Jiufulai (08611) issued an announcement. On the record date, (i) 520 million shares of the offering (shares offered) were offered under the stock offering; and (ii) there were no unqualified shareholders, and the number of unsold shares offered by the unqualified shareholders was zero.
At 4:00 p.m. on July 30, 2026 (Thursday) (the final acceptance deadline), a valid acceptance was received to subscribe for a total of 265.942 million shares offered, accounting for about 5.11% of the total number of shares offered. According to this, 493 million shares of the offered shares have not been fully subscribed, accounting for about 94.89% of the total number of shares offered. Such shares will be handled according to compensation arrangements.
According to section 10.31 (1) (b) of the GEM listing rules, the Company has made arrangements to sell 493 million unsubscribed shares through the placement of such unsubscribed shares to independent undertakers for the benefit of shareholders submitting offers to them by way of offering shares. There will be no additional application arrangements for the stock offering.
As disclosed in the Articles of Association, on February 16, 2026 (after the Stock Exchange trading session), the Company entered into a placement agreement with the placement agent to place unsubscribed shares to independent undertakers on a best-effort basis, and any premium (net proceeds) realized through the placement over the total of the following two items: (i) the subscription price of such offered shares; and (ii) placement agency expenses (including any other related costs and expenses) will be paid pro rata to the relevant inactive shareholders. Placing agents will seek subscribers for all (or as many as possible) of these unsubscribed shares before 6:00 p.m. on August 19, 2026 (Wednesday) on a best-effort basis. The Company will not issue any unsubscribed shares not placed in accordance with the compensation arrangement, and the size of the share offering will be reduced accordingly.
Net income (if any) will be paid pro-rata (but rounded down to the nearest cent) to inactive shareholders (without interest), and the distribution amount will be calculated by reference to the relevant eligible shareholders' unpaid share rights that have not been validly applied for, and based on the proportion of their shares that have not been validly applied for.
It is proposed that if the net income due to any of the above inaction shareholders exceeds HK$100, the full amount will be paid to those shareholders, and individual amounts of HK$100 or less will be transferred to the Company.