ZHONGAN SERVICE's per share offering price of HKD 1.18 received moderate oversubscription in the public offering.

ZHONGAN SERVICE announced the results of the allotment, with an offering price of HKD 1.18 per share. The final number of shares offered to the public in Hong Kong is 12.668 million shares, and the final number of shares available for subscription under the international offering is approximately 113 million shares. The over-allotment option has not been exercised. Trading of the shares, with a board lot size of 2,000 shares, is expected to commence on Tuesday, July 18, 2023, at 9:00 am Hong Kong time on the Main Board of the Stock Exchange of Hong Kong Limited. After deducting underwriting commissions and other estimated expenses paid or payable by the Company in connection with the global offering and assuming full exercise of the over-allotment option, the estimated net proceeds from the global offering will be approximately HKD 91.7 million. Approximately 55.0% of the net proceeds will be used for strategic acquisitions and investments in property management companies; approximately 30.0% will be used for hardware and software investments and upgrades for the Company's projects under management; and approximately 15.0% will be used for community value-added services to enhance service supply, scale, and efficiency. Preliminary indications of interest for the Hong Kong public offering have been moderately oversubscribed. A total of 1,690 valid applications, comprising 23.328 million shares, have been received through the Electronic Application Forms via the Central Clearing and Settlement System and the White Form eIPO service for the Hong Kong public offering, representing approximately 1.84 times the total number of 12.668 million Hong Kong public offering shares initially available for subscription.