Fanyuan International (02516.HK) announced that the price stability period for the share sale ended on January 18, 2024 (Thursday) (that is, the 30th day after the deadline for submitting applications for public sale). The sole overall coordinator confirmed that there was no overallocation of shares in the placement. As a result, no over-allotment rights have been exercised. The company was advised by the price stabilization manager that no action was taken to stabilize the price during the price stabilization period.

The company further announced that price stabilization managers (for themselves and on behalf of underwriters) did not exercise the over-allotment rights during the price stabilization period, and that the over-allotment rights expired on January 18, 2024 (Thursday). As a result, the company does not and will not issue shares based on over-allotment rights.