Announcement of Preliminary Allocation Results for Offline Issuance of Initial Public Offering and Listing on the ChiNext Board
Sponsor (Lead Underwriter): CITIC Securities Co., Ltd.
Special Reminder: Hangzhou Gaote Electronics Co., Ltd. (hereinafter referred to as "Gaote Electronics" or "the Issuer") has had its application for the initial public offering of RMB ordinary shares (A shares) and listing on the ChiNext Board (hereinafter referred to as "this issuance") approved by the Listing Review Committee of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") and registered by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") (Approval No. [2026] 220). This issuance adopts a combination of targeted placement to strategic investors (hereinafter referred to as "strategic placement"), offline issuance to qualified investors through inquiry pricing (hereinafter referred to as "offline issuance"), and online issuance to public investors holding non-restricted A shares and non-restricted depository receipts in the Shenzhen market (hereinafter referred to as "online issuance"). The number of shares to be issued has been determined through negotiation between the issuer and the sponsor (lead underwriter) CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities," "Sponsor (Lead Underwriter)," or "Lead Underwriter") to be 120 million shares, with an issuance price of RMB 7.08 per share. The issuance price does not exceed the lower of the median and weighted average of the offline investors' quotes after excluding the highest bid, as well as the median and weighted average of the quotes from public funds, national social security funds, basic pension insurance funds, enterprise annuity funds, occupational annuity funds, and qualified foreign institutional investors after excluding the highest bid. Therefore, relevant subsidiaries of the sponsor are not required to participate in this strategic placement.