Changxin Technology Fully Exercises STAR Market IPO Over-Allotment Option, Adding 1.003 Billion Shares

Changxin Technology announced that the over-allotment option on its initial public offering and listing on the STAR Market has been fully exercised, corresponding to an additional issuance of 1.003 billion shares and bringing total share capital to 67.884 billion shares.

As the share price remained above the issue price of RMB 8.66 per share throughout the exercise period, CICC, the authorized joint lead underwriter for the offering, did not use the funds raised from the over-allotment to buy shares of the offering from the secondary market through competitive trading.