On the morning of November 4, Ant Group issued an announcement on the Hong Kong Stock Exchange suspending the listing of H shares and returning its application for a public offering in Hong Kong.

The contents of the refund application are as follows:

The application for the Hong Kong Public offering (together with 1.0% brokerage commission, 0.0027% SFC transaction levy and 0.005% Hong Kong Stock Exchange transaction fee) will be refunded in two batches without interest:

(I) send a white form electronic refund instruction / send a refund cheque / refund on Wednesday, November 4, 2020 for all or partial rejected applications (based on the preliminary draw and allocation already made by the Company) ("first batch return")

(ii) send a white form electronic refund instruction / send a refund cheque / refund ("second batch return") for all applications (only those that have not been returned under the first batch of returns) on Friday, November 6, 2020.

For applicants who apply through the White form eIPO Service and pay for the application in a single bank account, the refund will be sent to their payment account in the form of an electronic refund instruction on Wednesday, November 4, 2020 or in the case of a second refund, in the case of the first batch of refunds. For applicants who apply through the White form eIPO Service and pay for the application through multiple bank accounts, the refund will be made on Wednesday, November 4, 2020 in the first tranche or, in the case of the second batch, in the form of a refund cheque sent by ordinary mail to the address shown in the White form eIPO application on Friday, 6th November 2020 at their risk of postal error.

For applicants who apply for electronic subscription instructions to Hongkong Clearing through the Central Clearing system, their refund (excluding interest) is expected to be paid into their designated bank accounts or their brokers or custodians' designated bank accounts on Friday, 6 November 2020 on Wednesday, 4 November 2020 or in the case of the second batch of refunds.

Applicants who apply through designated CCASS participants (other than CCASS investor account holders) should enquire with the CCASS participants about the amount of refund due to them (if the applicant makes an application by issuing an electronic subscription instruction to Hongkong Clearing).

Applicants who apply for electronic subscription instructions to Hongkong Clearing through the CCASS as the holder of the CCASS investor account may also apply for the first batch of returns, Wednesday, 4 November 2020 or the second batch of returns. On Friday, 6 November 2020, we can enquire about the amount of refund payable through the Clearing House telephone system and the Internet system of the Central Clearing system (in accordance with the procedures set out in the introduction to Investor account holders in Hongkong Clearing from time to time). Immediately after the refund is deposited into their bank accounts, Hongkong Clearing will also provide an activity statement to CCASS investor account holders, set out (in the case of CCASS investor account holders who apply for electronic subscription instructions to Hongkong Clearing) the amount of refund deposited into their respective designated bank accounts.

According to Tencent News "first Line", the news that Ant Group suspended the listing of An and H shares on the evening of November 3 announced that Jing Xiandong, executive chairman of Ant Group, convened an emergency meeting of middle and senior executives within the group that night. A person close to Ant Group revealed that the emergency meeting was attended by Ant Group P9 and above "High P". Past materials show that the P9 level of BABA system is often M4 level of senior expert or director.After the "moratorium" was mentioned at the meeting, it is conservatively estimated that the re-listing of ants will be delayed by about half a year.

According to Sina Technology, people close to Ant Group said Jing Xiandong was relatively optimistic at the meeting.Jing Xiandong explained to the participants that supervision is mainly for soliciting opinions, and ants need to meet the specific requirements involved in soliciting opinions as soon as possible.Jing Xiandong also said that the new funds from Ant IPO will be returned to investors, including strategic investors and retail investors who invest through Alipay. When Ant Group re-applies for listing, it will "hit the new" again.

In response to the impact of Ant Group's suspension of listing on its plan to participate in war matching new funds, Alipay customer service replied that it was due to Ant Group's suspension of listing in Aspirh.The part of the fund that Central Plains plans to participate in strategic investment in ant listing is also suspended accordingly.. At present, all the funds have been established and the operation of the funds will not be affected. If there are any subsequent updates, fund companies and Ant Group will disclose through the announcement.

Last night, a spokesman for the Hong Kong Monetary Authority responded to Ant's suspension of listing: as an international financial centre, the flow of capital in and out of Hong Kong is normal. Over the years, the HKMA has built strong cushioning and earthquake resistance in the financial and banking systems, which are very robust and liquid. The spokesman added that he had the confidence and ability to maintain the stability of Hong Kong's monetary and financial systems.

According to CCTV news, a spokesman for the Hong Kong SAR government said on the 3rd that Ant Group had informed the Hong Kong Stock Exchange of its decision not to list Hong Kong shares in Hong Kong for the time being, and had issued a notice explaining the reasons. A spokesman for the HKSARG said that the Hong Kong Stock Exchange had had experience in dealing with the decision not to proceed with the IPO after the expiry of the subscription period, and Hong Kong regulators would ensure that the refund of the applied for shares was carried out in an orderly manner. The spokesman mentioned that the matter did not involve systemic risks and the stability of Hong Kong's financial system and the orderly operation of the market would not be affected.