Exceeding Proportional Rights - Stabilizing Price Action and Stabilizing Price Period End! Involving a Total of 16,666.98 Million H-shares

Exceeding Proportional Rights-W (02590) has issued a notice, and the lead underwriter and overall coordinating person (acting on behalf of itself and representative international underwriters) has exercised part of the excess rights granted by the prospectus on August 3, 2025 (Sunday), involving a total of 16,666.98 million H-shares, approximately 10.3% of the total number of shares available for subscription under the global offering (adjusting for sales quantity adjustments before any excess rights are exercised). Excess rights will be issued and distributed by the company at a price of HK$16.80 per H-share (i.e., the offering price under the global offering, excluding 1.0% brokerage commission, 0.0027% Securities and Futures Commission trading fees, 0.00015% Hong Kong Stock Exchange trading fees, and 0.00565% Securities and Futures Commission trading fees).

According to the Securities and Futures (Stabilizing Price) Rules under the Securities and Futures Ordinance, Chapter 571W of the laws of Hong Kong, the company announces that the stabilizing price period for the global offering has ended on August 3, 2025 (Sunday), which is the 30th day after the submission date of the application for listing in Hong Kong.