HUAQIN (03296) announced that the over-allotment option (Greenshoe) as described in the prospectus was fully exercised on Wednesday, May 20, 2026, by the sponsor and global coordinator (for itself and on behalf of the international underwriters) as well as the overall coordinator. This involves a total of 8,782,200 H shares, representing approximately 15.0% of the total number of shares offered under the global offering prior to any exercise of the over-allotment option. The over-allotment shares will be allotted and issued by the company at a price of HK$77.70 per H share. These shares will be used to assist in the delivery of a portion of H shares to placees who have agreed to a delayed delivery of their subscribed shares under the global offering. Furthermore, the stabilization period for the global offering concluded on Wednesday, May 20, 2026, which is the 30th day following the deadline for submitting applications for the Hong Kong public offering. During the stabilization period, the stabilization agent did not conduct any market transactions in H shares for the purpose of price stabilization.