Guancheng Watch & Jewellery (00256): A total of 841 million shares to be allocated

According to Zhitong Finance App, Guancheng Watch & Jewellery (00256) issued an announcement. At 4:00 p.m. on July 10, 2026 (Friday) (that is, the final acceptance period), it has received a total of 7 valid applications and admissions based on the provisional quota notice. A total of 841 million shares to be subscribed, accounting for about 58.0% of the total number of shares offered for subscription based on the share offering. As a result, 610 million shares were not subscribed under the share offering, accounting for about 42.0% of the total number of shares offered. Such shares are subject to compensation arrangements.

At 4:00 p.m. on July 21, 2026 (Tuesday) (that is, the deadline for placing unsubscribed shares and unsold shares offered by ineligible shareholders), no shares were placed according to the placement matters. As a result, there is no net income that can be distributed to inaction shareholders under the compensation arrangement. According to the acceptance results of the share offering and the results of the placement matters, the total number of shares to be allocated and issued was 841 million shares, accounting for about 58.0% of the total number of shares offered.

Since all the conditions for the share offering as set out in the stock offering regulations have been met, the share offering became unconditional at 4:00 p.m. on July 22, 2026 (Wednesday).