On May 19, GLONGHUI (02438.HK) announced that the over-allotment rights described in the prospectus were partially exercised by the overall coordinator on May 19, 2024, involving a total of 10.43 million shares, which is equivalent to about 12.33% of the total number of shares initially available for subscription under the global offering before any overallotment rights are exercised. Over-allotted shares will be issued and distributed by the company at a price of HK$3.80 per share. The overallotted shares will be used to induce China International Finance Hong Kong Securities Limited (price stabilizer operator) to return to MobvoiAgilimited a portion of the 126.85 million shares borrowed under the share loan agreement (to make up for the overallocation under the international offering).

The stable price period for the global sale ends on May 19, 2024.