According to Zhitong Finance App, Walnut Capital (00905) issued an announcement. As of 4:00 p.m. on May 16, 2024 (Thursday) (that is, the final acceptance time), a total of 3 valid applications had been received, involving a total of about 110 million shares offered, accounting for about 31.5% of the total number of shares offered under the stock offering.

At the record date, there were no ineligible shareholders, and the number of unsold shares offered by ineligible shareholders was zero. According to section 7.21 (1) (b) of the listing rules, the company has made arrangements to sell approximately 240 million unsubscribed shares by submitting an offer of unsubscribed shares to an independent undertaker. The interests belong to the relevant inactive shareholders. There are no additional application arrangements for the stock offering. It is disclosed in the articles of association that the company has appointed placement agents to endeavour to place unsubscribed shares to independent undertakers after the final acceptance time for the shares to be distributed and issued in accordance with the share offering, and the amount of cash converted from the placement is compared to the subscription price of such shares; and any premium on the total commission and expenses of the placement agent will be paid in proportion to the relevant inactive shareholders. The placement agent will endeavour not later than 4:00 p.m. on May 23, 2024 (Thursday) to induce the purchaser to subscribe all (or as many as possible) of these unsubscribed shares at a price not less than the subscription price. The company will not issue any unsubscribed shares that have not been placed even after the placement arrangement is completed, and the size of the share offering will be reduced accordingly.