On January 2, Glorious Holdings (02570.HK) announced that the price stabilization operator (for itself and on behalf of the international underwriters) partially exercised the over-allotment option as described in the prospectus on January 2, 2025 (Thursday), involving a total of 23,180 H shares, which accounts for about 0.48% of the total number of shares originally available for subscription under the Global offering before any over-allotment option was exercised.

The company will allocate and issue the over-allotment shares at a price of HKD 147.00 per H share (i.e., the offering price for each share under the Global offering, excluding a 1.0% brokerage commission, a 0.0027% SFC transaction levy, a 0.00015% FSTB transaction levy, and a 0.00565% Exchange transaction fee). The over-allotment shares will be used to facilitate the delivery of a portion of the offered shares to the placees who have agreed to delay delivery of their subscribed shares under the Global offering.

The company further announced that the price stabilization period related to the Global offering ended on January 2, 2025 (Thursday), which is the 30th day after the deadline for submitting applications for the public offering in Hong Kong.