Summary by Futu AI
Cong Cong Tea announced that the stable price period for its global offering ended on January 18, 2024, and noted that stable price operator CITIC CIC (International) Financing Limited or its affiliates conducted price stabilization actions during that period, including an excess allocation of approximately 540,800 shares of H shares, and purchases on the market The last purchase of the same number of shares took place on 22 December 2023 at a price of HK$10.70 per H share. IN ADDITION, THE COMPANY ANNOUNCED THAT THE OVERALL COORDINATOR DID NOT EXERCISE THE EXCESS DIVIDEND OPTION DURING THE STABLE PRICE PERIOD, WHICH EXPIRED ON JANUARY 18, 2024, SO THE COMPANY DID NOT ISSUE ANY H SHARES UNDER THE EXCESS DISTRIBUTION OPTION. The company will continue to comply with the listing rules and retain at least 25% of the shares held by the public after the end of a period of stable prices.