ChangXin Technology: Full Exercise of Over-Allotment Option in Initial Public Offering

Odaily News: ChangXin Technology announced that the over-allotment option for its initial public offering on the STAR Market has been fully exercised, corresponding to an additional issuance of 1.003 billion shares, increasing total share capital to 67.884 billion shares. As the share price during the exercise period was consistently higher than the issue price of 8.66 yuan per share, CICC, as the authorized joint lead underwriter for this issuance, did not use the funds obtained from the over-allotment to purchase the issued shares from the secondary market through competitive trading.