宏碁:本公司之子公司Winking Studios Limited遞交倫敦交易所AIM market版申請文件

第50款

1.申請海外證券市場掛牌交易之子公司名稱:Winking Studios Limited

2.與公司關係及持股(或出資額)比例:本公司合併報表子公司；集團總持股比率63.5%

3.申請海外證券市場掛牌交易之送件日期:113/10/31

4.申請海外證券市場掛牌之交易所:倫敦交易所AIM market版

5.其他應敘明事項:

本公司之子公司Winking Studios Limited於113/10/31遞交倫敦交易所AIM market版

申請文件，相關內容Winking Studios Limited今日於新加坡交易所公告如下：

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE

OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES,

CANADA, AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH

DISTRIBUTION WOULD BE UNLAWFUL. FURTHER THIS ANNOUNCEMNT SHALL NOT

CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE

FOR OR OTHERWISE ACQUIRE ORDINARY SHARES OF WINKING STUDIOS LIMITED (THE

”COMPANY”) IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION

WOULD BE UNLAWFUL.

Neither this announcement, nor anything contained herein, nor anything

contained in the Admission Document to be prepared and published by the

Company in accordance with the AIM Rules for Companies published by London

Stock Exchange plc shall form the basis of, or be relied upon in connection

with, any offer or commitment whatsoever in any jurisdiction. Investors

should not purchase any shares referred to in this announcement except

solely on the basis of the information contained in Admission Document in

its final form (together with any supplementary admission document, if

relevant), including the risk factors set out to be set out therein, that

may be published by the Company in due course in connection with the

possible admission of the ordinary shares of the Company to trading on the

AIM market of London Stock Exchange plc. A copy of any Admission Document

published by the Company will, if published, be available for inspection

on the Company"s website at https://investor.winkingworks.com, subject to

certain access\restrictions.

31 October 2024

Winking Studios Limited

(”Winking Studios” and together with its subsidiaries, the ”Group”)

Intention to Float

Winking Studios Limited (SGX:WKS), the AAA Art Outsourcing and Game

Development business listed on the Catalist board of the Singapore Exchange

Securities Trading Limited, is pleased to announce its intention to seek

admission to trading on the AIM Market of London Stock Exchange plc

(”Admission”) in November 2024 (the ”Dual Listing”) to support, amongst

other efforts, its expansion into Western markets.

Founded in 2004 and headquartered in Singapore with nine offices across

Asia, Winking Studios is led by its founder Johnny Jan and is ranked

third in Asia and fourth in the world in terms of global revenue in the

global game Art Outsourcing market*.

Working across a range of platforms including console, PC and mobile,

Winking Studios has collaborated with 22 of the world’s top 25 game

development companies, including Ubisoft, EA, Activision and Tencent,

on high profile titles such as FIFA, Call of Duty and Assassins Creed.

Through its Art Outsourcing Services segment, the Group develops art,

animation and visual effects including characters, environments, props and

effects. Through its Game Development segment, the Group delivers

development services from concept to programming and script writing to

post-release support and maintenance.

Strand Hanson Limited is acting as Financial and Nominated Adviser with

S.P. Angel Corporate Finance LLP acting as Broker in relation to the Dual

Listing.

Highlights

‧Proven capabilities in art outsourcing and game development with a

blue-chip customer base: Partnerships with three major game publishing

platforms:Sony, Microsoft and Nintendo;

‧High-growth market: The video gaming sector, in particular the mobile

and online gaming segments, is expected to continue to demonstrate

strong growth;

‧Compelling cost advantage of outsourcing: Outsourcing represents an

increasing proportion of game development budgets, and this trend is

expected to continue going forward;

‧Limited product risk: Given its “work-for-hire” business model, the

Group is not exposed as principal to the risks associated with ownership

and development of these games;

‧Fragmented market: The global game art outsourcing industry remains

fragmented, with most service providers being relatively small

independent studios. The Group completed its first two acquisitions in

H1 2024, is currently evaluating several targets and has a pipeline of

potential

acquisitions under consideration;

‧Strong growth: Significant organic growth over past four years, doubling

headcount to 800+, increasing revenue to US$29.3m and growing Adjusted

EBITDA to US$5.3m (FY23);

‧Forward earnings visibility from growing follow-on revenues: Focusing on

successful multi-year, high growth mobile / online titles provides the

Group with repeat revenue opportunities and enhanced earnings visibility

with 18+ months indicative bookings; and

‧Backed by the Acer group**: Supportive shareholder (an aggregate direct

and indirect shareholding interest of 62.56%) with Acer Gaming’s

extensive network of relationships in the game development and art

outsourcing industries as well as an in-depth understanding of the global

gaming industry. Further, Acer intends to participate in the Dual Listing

as a cornerstone investor.

Placing, Use of Proceeds and Rationale

The funds to be raised will supplement the Group’s existing available cash

resources in excess of US$30m*** and will be allocated to:

‧Actively pursuing strategic acquisitions, alliances and joint ventures in

Asia and Europe to grow the Group’s market share and increase operational

capacity;

‧Establishing a stronger presence and broadening the Group"s customer base

in the North American and European markets, including by (i) increasing

the Group"s marketing and business development efforts; (ii) establishing

a UK-based regional hub; and (iii) pursuing acquisitions of smaller

studios in this region;

‧Enhancing the Group"s current operational capabilities, which includes

continuous

development and improvement of the Group"s AI capabilities; and

‧In addition to supporting strategic acquisitions and its growth

strategy, the Dual Listing will provide access to a larger pool of

knowledgeable tech investors, in order to diversify the Company’s

shareholder base.

Johnny Jan, Founder and Chief Executive Officer of Winking Studios,

commented:

“We believe Winking Studios has a significant opportunity to expand its

presence globally, and dual listing on AIM will further support our global

ambitions and position us to accelerate growth. London feels like the

obvious choice, as it gives us a foothold in a market known for its deep

understanding of the global gaming industry and support for ambitious

international firms like Winking Studios. Operating in a fast-growing

industry, with a proven track record of delivery and relationships with

the majority of the world’s biggest game developers, we plan to build

on our success to date and capitalise on the fragmented nature of the

industry landscape to drive future growth.”

*Source: Independent Market Report by China Insights Industry Consultancy

Limited, October 2024

**Refers to Acer Gaming Inc and Acer SoftCapital Inc (both subsidiaries

of Acer Inc)

***Comprising cash and cash equivalents, bond investments and proceeds

raised in Company’s placement exercise in July 2024

Enquiries

Singapore

Winking Studios Limited

Johnny Jan, Founder and Chief Executive Officer

Oliver Yen, Chief Financial Officer

8PR Asia (Investor Relations)

Alex Tan

+65 9451 5252

alex.tan@8prasia.com

PrimePartners Corporate Finance Pte. Ltd.

(Financial Adviser in Singapore)

Marcus Yong / Pang Xu Xian

+65 8282 9938 / +65 9692 0195

UK

Via Alma

Alma Strategic Communications

Justine James / David Ison / Emma Thompson

+44 (0)20 3405 0205

WKS@almastrategic.com

Strand Hanson Limited

(Financial and Nominated Adviser)

James Harris / James Bellman

+44 (0)20 7409 3494

SP Angel Corporate Finance LLP (Broker)

Stuart Gledhill / Charlie Bouverat (Corporate Finance)

Abigail Wayne / Rob Rees (Corporate Broking)

+44 (0)20 3470 0470

IMPORTANT NOTICES

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND

IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART,

DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA,

AUSTRALIA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME

WOULD BE UNLAWFUL

This Announcement has been issued by and is the sole responsibility of the

Company.

This information contained in this Announcement is restricted and is not

for release, publication or distribution, directly or indirectly, in whole

or in part, in, into or from the United States (including its territories

and possessions, any state of the United States and the District of

Columbia, collectively the “United States”) Australia, Canada, Japan, New

Zealand or the Republic of South Africa or any jurisdiction in which the

same would be unlawful.

This Announcement is for information purposes only and does not constitute

an offer to sell or issue or the solicitation of an offer to buy, acquire or

subscribe for shares in the capital of the Company in the United States,

Australia, Canada, Japan, New Zealand or the Republic of South Africa or any

other jurisdiction where such offer or solicitation may be restricted,

unlawful or unauthorised. Any failure to comply with these restrictions may

constitute a violation of the securities laws of such jurisdictions. Subject

to certain exemptions, the securities referred to herein may not be offered

or sold in Canada, Australia, New Zealand, the Republic of South Africa or

Japan or to, or for the account or benefit of any national resident or

citizen of Canada, Australia, New Zealand, the Republic of South Africa or

Japan. The ordinary shares int eh capital of the Company

(“Ordinary Shares”) have not been and will not be registered under the

United States Securities Act of 1933, as amended (“Securities Act”) or the

securities laws of any other jurisdiction of the United States, and may not

be offered, sold, taken up, exercised, resold, renounced, delivered or

transferred, directly or indirectly, in the United States absent registration

under the Securities Act or an available exemption from, or in a transaction

not subject to, the registration requirements of the Securities Act and the

securities laws of any other jurisdiction of the United States. There will

be no public offer of the securities in the United States. Neither the US

Securities and Exchange Commission nor any securities regulatory body of any

state or other jurisdiction of the United States, nor any securities

regulatory body of any other country or political subdivision thereof, has

approved or disapproved of this document or the securities discussed herein

or passed on or endorsed the merits of the Placing or the accuracy or

adequacy of the contents of this Announcement. Any representation to the

contrary is a criminal offence in the United States.

No prospectus will be made available in connection with the matters contained

in this Announcement and no such prospectus is required (in accordance with

he UK Prospectus Regulation (as defined below)) to be published.

This Announcement is addressed to and directed only at persons who are (a)

persons in member states of the European Economic Area who are “qualified

investors” within the meaning of Article 2(e) of the EU Prospectus

Regulation (Regulation (EU) No 2017/1129), or (b) persons in the United

Kingdom who are “qualified investors” within the meaning of Article 2(e)

of the UK Prospectus Regulation (Regulation (EU) No. 2017/1129, which is

part of UK law by virtue of the European Union (Withdrawal) Act 2018) (the

“UK Prospectus Regulation”), who (i) have professional experience in

matters relating to investments and fall within the definition of

“investment professionals” in Article 19(5) of the Financial Services and

Markets Act 2000 (Financial Promotion) Order 2005, as amended (the

“Order”), or (ii) are high net worth companies, unincorporated

associations or partnerships or trustees of high value trusts as described

in article 49(2) of the Order, or (c) persons to whom it may otherwise be

lawful to communicate it (all such persons together being referenced to as

“relevant persons”). Any investment in connection with the Placing will

only be available to, and will only be engaged with, relevant persons. Any

person who is not a relevant person should not act or rely on this

Announcement or any of its contents.

This Announcement is not being distributed by, nor has it been approved for

the purposes of section 21 of the Financial Services and Markets Act 2000

(as amended) (“FSMA”) by, a person authorised under FSMA. This announcement

is being distributed and communicated to persons in the UK only in

circumstances in which section 21(1) of FSMA does not apply. Strand Hanson

Limited (”Strand”), which is authorised and regulated in the United Kingdom

by the FCA, has not authorised the contents of this Announcement and is

acting exclusively for the Company, and no one else, in connection with

Admission and the other matters referred to in this Announcement, and is

not advising or treating as a client any other person nor will it be

responsible to any person other than the Company (whether or not a recipient

of this Announcement) for providing the protections afforded to its

customers or for providing advice in relation to Admission or any other

matters referred to in this Announcement. Neither Strand nor any of its

affiliates accepts any responsibility whatsoever for the contents of the

information contained in this Announcement or for any other statement made

or purported to be made by or on behalf of Strand or any of its affiliates

in connection with the Company or Admission.

SP Angel Corporate Finance LLP (”SP Angel”) is acting only for the Company

in connection with the matters described in this Announcement and is not

acting for or advising any other person, or treating any other person as

its client, in relation thereto and will not be responsible for providing

the regulatory protection afforded to clients of SP Angel or advice to any

other person in relation to the matters contained herein.

Such persons should seek their own independent legal, investment and tax

advice as they see fit. The distribution of this Announcement and the

offering of the Placing Shares in certain jurisdictions may be restricted

by law. No action has been taken by the Company, Strand or SP Angel that

would permit an offering of such shares or possession or distribution of

this Announcement or any other offering or publicity material relating to

such shares in any jurisdiction where action for that purpose is required.

This Announcement contains (or may contain) certain forward-looking

statements with respect to certain of the Company’s current expectations

and projections about future events. These statements, which sometimes

use words such as “aim”, “anticipate”, “believe”, “intend”,

“plan” “estimate”, “expect” and words of similar meaning, reflect

the directors’ beliefs and expectations and involve a number of risks,

uncertainties and assumptions that could cause actual results and

performance to differ materially from any expected future results or

performance expressed or implied by the forward-looking statement.

Statements contained in this Announcement regarding past trends or

activities should not be taken as a representation that such trends or

activities will continue in the future. The information contained in

this Announcement is subject to change without notice and, except as

required by applicable law or regulation, neither the Company nor the

Banks nor their respective affiliates assume any responsibility or

obligation to update publicly or review any of the forward-looking

statements contained herein. You should not place undue reliance on

forward-looking statements, which speak only as of the date of this

Announcement.

No statement in this Announcement is or is intended to be a profit

forecast or profit estimate or to imply that the earnings of the Company

for the current or future financial years will necessarily match or

exceed the historical or published earnings of the Company. The price

of shares and the income from them may go down as well as up and

investors may not get back the full amount invested on disposal of the

shares.

Neither the content of the Company’s website nor any website accessible

by hyperlinks on the Company’s website is incorporated in, or forms

part of, this Announcement.

Information to Distributors

Solely for the purposes of the product governance requirements of

Chapter 3 of the FCA Handbook Product Intervention and Product Governance

Sourcebook (the “UK Product Governance Requirements”), and disclaiming

all and any liability, whether arising in tort, contract or otherwise,

which any “manufacturer” (for the purposes of the UK Product Governance

Requirements) may otherwise have with respect thereto, the Placing

Shares have been subject to a product approval process, which has

determined that the Placing Shares are: (i) compatible with an end

target market of retail investors and investors who meet the criteria

of professional clients and eligible counterparties, each as defined in

paragraph 3 of the FCA Handbook Conduct of Business Sourcebook? and (ii)

eligible for distribution through all permitted distribution channels

(the “Target Market Assessment”).

Notwithstanding the Target Market Assessment, Placees should note that:

the price of the Placing Shares may decline and investors could lose all

or part of their investment; Placing Shares offer no guaranteed income

and no capital protection; and an investment in Placing Shares is

compatible only with investors who do not need a guaranteed income or

capital protection, who (either alone or in conjunction with an

appropriate financial or other adviser) are capable of evaluating

the merits and risks of such an investment and who have sufficient

resources to be able to bear any losses that may result therefrom.

The Target Market Assessment is without prejudice to the requirements

of any contractual, legal or regulatory selling restrictions in

relation to the Placing. Furthermore, it is noted that, notwithstanding

the Target Market Assessment, the Banks will only procure investors

who meet the criteria of professional clients and eligible

counterparties. For the avoidance of doubt, the Target Market

Assessment does not constitute: (a) an assessment of suitability or

appropriateness for the purposes of Chapters 9A and 10A respectively

of the FCA Handbook Conduct of Business Sourcebook; or (b) a

recommendation to any investor or group of investors to invest in,

or purchase, or take any other action whatsoever with respect to

Placing Shares.

Each distributor is responsible for undertaking its own target market

assessment in respect of the Placing Shares and for determining

appropriate distribution channels.

公告內容為英文版且以英文版為準

上述內容，中文翻譯如下，僅供參考。

本公告不得全部或部分、直接或間接地在美國、加拿大、澳洲、南非、日本或此類散

佈視為非法的任何其他司法管轄區發布、出版或散佈。此外，本公告在任何司法管轄

區均不構成出售或發行要約，也不構成購買、認購或以其他方式收購

WINKING STUDIOS LIMITED（「本公司」）普通股的要約或招攬，而在任何此類要約

或招攬均屬非法的司法管轄區。

無論是本公告、本公告中包含的任何內容，或本公司依據倫敦證券交易所公佈的AIM

市場公司規則所準備和發布之許可文件中包含的任何內容，均不得成為任何司法管轄

區內任何要約或承諾的依據，也不應作為依賴依據。投資者不應基於本公告中提及的

任何股份進行購買，除非係依據許可文件之最終形式（以及相關的補充許可文件，如

適用）中所載的資訊，包括其中列明之風險因素，該文件可能由本公司於適當時間內

發布，以促成本公司普通股可能獲准於倫敦證券交易所AIM市場交易。如本公司發布

任何許可文件，其副本將於符合某些存取限制之條件下，於本公司網站

https://investor.winkingworks.com供查閱。

2024.10.31

WINKING STUDIOS LIMITED

(「Winking Studios」，連同其子公司合稱「本集團」)

擬公開上市

AAA級美術外包及遊戲開發公司Winking Studios Limited（SGX:WKS），目前於新加坡

證券交易所Catalist上市，欣然宣佈其預計於2024年11月將於倫敦證券交易所AIM市場

申請上市（「上市許可」），以支持其向西方市場拓展等其他發展計劃

（「雙重上市」）。

Winking Studios創立於2004年，總部位於新加坡，在亞洲擁有九個工作室，由創辦人

Johnny Jan領導。本公司於全球遊戲美術外包市場之收入排名中位居亞洲第三、全球

第四*。

Winking Studios致力於跨平台合作，包括主機、PC和移動裝置，並與全球前25大遊戲

開發公司中的22家有合作關係，其中包括Ubisoft、EA、Activision和騰訊，合作之知

名遊戲包含FIFA、Call of Duty及Assassin’s Creed。

透過美術外包服務部門，本集團負責開發角色、場景、道具及特效等美術、動畫及視覺

效果。通過遊戲開發部門，本集團提供從概念到程式設計、劇本編寫到發布後支援和維

護的全面開發服務。

Strand Hanson Limited為雙重上市之財務及指定顧問，而S.P. Angel Corporate

Finance LLP則擔任證券經紀商。

亮點

‧ 具備經驗豐富的美術外包和遊戲開發能力，擁有一流的客戶群：已與索尼、微軟和

任天堂三大遊戲發行平台合作；

‧ 高成長市場：特別是行動裝置和線上遊戲領域，預計將繼續呈現強勁增長；

‧ 外包的成本優勢顯著：外包在遊戲開發預算中所占比例逐漸增加，預計該趨勢將持

續；

‧ 產品風險有限：基於「受委託製作」之商業模式，本集團不須承擔作為遊戲所有權

與開發之主要風險；

‧ 市場分散：全球遊戲美術外包行業仍然較為分散，大多數服務提供者為相對規模較

小的獨立工作室。本集團於2024年上半年已完成兩項收購，目前正在評估多個標

的，並有考慮潛在收購項目；

‧ 強勁增長：過去四年內顯著的有機增長，員工數量超過800人，營收增至2,930萬美

元，調整後之稅息折舊攤銷前利潤（EBITDA）增至530萬美元（2023會計年度）；

‧ 來自持續增長之後續收入的收益可見性：專注於成功的多年度高增長行動/線上遊

戲項目，使本集團具備多重收入機會和收益可見性，顯示預約期超過18個月；以及

‧ 宏碁集團**支持：本集團之主要股東（直接和間接持股比例合計為62.56%）宏碁遊

戲股份有限公司擁有廣泛的遊戲開發和美術外包行業關係網路，並對全球遊戲產業

有深入理解。此外，宏碁集團有意作為基石投資者參與雙重上市。

配售、資金用途及原因

所募集之資金將補充本集團現有超過3,000萬美元的現金資源***，並將用於：

‧ 積極尋求在亞洲和歐洲進行戰略性收購、聯盟及合資合作，以擴大本集團的市占

率並提升營運能力；

‧ 加強本集團在北美和歐洲市場的影響力，擴大客戶基礎，包括(i)增加本集團的市場

推廣及業務拓展力度；(ii)設立位於英國的區域中心；及 (iii)尋求收購該地區的

小型工作室；

‧ 增強集團現有的運營能力，包括持續開發和改進本集團的AI技術能力；以及

‧ 除支持戰略性收購及增長策略外，雙重上市還將讓本公司接觸到更大的專業科技投

資者群體，以多元化本公司的股東基礎。

Winking Studios創辦人兼執行長Johnny Jan評論道：

「我們相信Winking Studios在全球擴展中擁有重大機遇，AIM雙重上市將進一步支持我

們的全球抱負，加速我們的成長。倫敦對我們而言是一個顯而易見的選擇，因為它讓我

們能在一個深諳全球遊戲產業並支持如Winking Studios這樣有抱負的國際企業的市場

中立足。

我們處於一個快速增長的產業中，擁有優良的交付記錄，並與全球主要遊戲開發商中的

大多數保持合作關係，我們計劃在現有成功的基礎上，利用產業分散的格局推動未來的

成長。」

* 資料來源：中國灼識行業諮詢有限公司的獨立市場報告，2024年10月

** 指宏碁遊戲股份有限公司和宏碁軟資本股份有限公司（皆為宏碁公司之子公司）

*** 包含現金及約當現金、債券投資以及2024年7月本公司增發所籌集之資金。

資訊

新加坡

Winking Studios Limited

Johnny Jan, 創辦人兼執行長

Oliver Yen, 財務長

8 亞洲區公共關係 (投資人關係)

Alex Tan

+65 9451 5252

alex.tan@8prasia.com

PrimePartners Corporate Finance Pte. Ltd.

(新加坡財務顧問)

Marcus Yong / Pang Xu Xian

+65 8282 9938 / +65 9692 0195

英國

Alma

Alma Strategic Communications

Justine James / David Ison / Emma Thompson

+44 (0)20 3405 0205

WKS@almastrategic.com

Strand Hanson Limited

(財務及指定顧問)

James Harris / James Bellman

+44 (0)20 7409 3494

SP Angel Corporate Finance LLP (證券商)

Stuart Gledhill / Charlie Bouverat (Corporate Finance)

Abigail Wayne / Rob Rees (Corporate Broking)

+44 (0)20 3470 0470

重要通知

本公告及其中包含的資訊，受到限制且不可在美國、加拿大、澳洲、南非、日本或任何

其他非法發布、刊登或分發的司法管轄區內，以全部或部分、直接或間接的方式發布、

刊登或分發。

本公告由本公司發布，並由本公司全權負責。

本公告中包含的資訊受到限制，不得在美國（包括其領土、屬地、任何美國州及哥倫比

亞特區，統稱為「美國」）、澳洲、加拿大、日本、紐西蘭或南非共和國或任何非法發

布的司法管轄區內，以全部或部分、直接或間接之方式發布、刊登或分發。

本公告僅供參考，並不構成在美國、澳洲、加拿大、日本、紐西蘭或南非共和國或任何

可能受限、非法或未經授權的司法管轄區內的出售或發行股份的要約或招攬購買、取得

或認購公司的股份。任何不遵守這些限制之行為可能違反該等司法管轄區證券法。在某

些豁免情況下，本公告所提及的證券不得在加拿大、澳洲、紐西蘭、南非共和國或日本

發行或出售，或向該等國家/地區的公民或居民發行或出售，或代表該等國家/地區的利

益。本公司之普通股（「普通股」）未經並將不會根據經修訂的1933年美國證券法（

「證券法」）或美國任何其他司法管轄區的證券法進行註冊，且在未進行證券法註冊或

不受證券法註冊要求約束的交易中，不得在美國境內以直接或間接方式發行、出售、認

購、轉讓、捐贈或交@付。美國不會對此類證券進行公開發行。美國證券交易委員會、

任何州或其他司法管轄區@的任何證券監管機構，或任何其他國家或政治區域的證券監

管機構均未批准或不批准此文@件或其中所提及的證券，也未對本次配售的價值或本公

告內容的準確性或充分性進行審查@或認可。任何相反的表述在美國構成刑事犯罪。

本公告中涉及的事項將不會提供招股說明書，也無需發佈此類招股說明書（根據下文

所定@義的英國招股說明書規定）。

本公告僅針對以下人士：(a) 歐洲經濟區成員國中符合歐盟招股說明書規定（EU法規

第2017/1129號）第2(e)條定義的「合格投資者」；或 (b) 英國符合英國招股說明書

規定（UK 法規第2017/1129號，根據《2018年歐盟（撤回）法案》已納入英國法律）

（「英國招股說明書規定」）第2(e)條定義的「合格投資者」，且 (i) 在投資事務

方面具有專業經驗，並符合《2000年金融服務與市場法》（Financial Services

and Markets Act 2000）第19(5)條的「投資專業人士」定義（《2005年金融促銷令》

修訂版，簡稱「令」）；或 (ii) 為高淨值公司、非公司制組織或合夥企業或第49

(2)條所述的高價值信託的受託人；或 (c) 可合法接收本公告的其他人士（以上各

類人士統稱為「相關人士」）。本次配售的任何投資僅提供給相關人士，並且僅與

相關人士進行。任何非相關人士不應根據本公告或其任何內容採取行動或依賴。

本公告的分發並未由根據《2000年金融服務與市場法》（修訂版）（“FSMA”）授權

的人員批准，且本公告的發布與FSMA第21條無涉。本公告僅在FSMA第21(1)條不適用

的情況下在英國進行分發和傳達。Strand Hanson Limited（簡稱“Strand”）經英

國金融行為監管局（FCA）授權並監管，僅代表本公司（且僅為本公司）處理本公告

中所述的上市許可及其他事宜，並未授權本公告的內容，也不會將其他人視為其客

戶或向其他人提供建議或服務，亦不會就本公告中所述的上市許可或其他事宜對公

司以外的任何人負責（無論是否收到本公告）。Strand或其任何關聯公司均不對本

公告中所載信息或由Strand或其任何關聯公司代表或聲稱代表本公司或上市許可所

作的任何其他聲明負責。

SP Angel Corporate Finance LLP（簡稱“SP Angel”）僅就本公告所述事宜為本

公司提供服務，不會為任何其他人提供服務或建議，也不會將任何其他人視為其客

戶，亦不會就本公告所述事宜對SP Angel客戶的監管保護或向其他人提供建議負有

責任。

此類人士應自行尋求獨立的法律、投資和稅務建議。本公告的分發及配售股份在某

些司法管轄區的發售可能受法律限制。本公司、Strand 或 SP Angel 未採取任何

行動以允許在任何需採取行動的司法管轄區進行此類股份的發售、持有或分發本公

告或任何其他與此類股份相關的發售或宣傳材料。

本公告包含（或可能包含）某些前瞻性陳述，涉及公司對未來事件的某些當前預期

和預測。這些陳述有時會使用例如「目標」、「預期」、「相信」、「打算」、

「計劃」、「估計」、「預測」等詞語，反映董事的信念和期望，並涉及若干可能

導致實際結果和表現與前瞻性陳述所表達或暗示的預期結果或表現落差之風險、不

確定性和假設。本公告中提及的過去趨勢或活動之陳述不應被視為此類趨勢或活動

將在未來繼續的保證。本公告中的信息可能會隨時變更，除適用法律或法規要求外

，本公司、銀行或其各自的關聯公司均不承擔任何公開更新或審查本公告中任何前

瞻性陳述的責任或義務。您不應過分依賴前瞻性陳述，因它們僅在本公告發佈之日

有效。

本公告中的任何陳述均非或無意成為盈利預測或盈利估計，或暗示本公司當前或未

來會計年度之盈利必然等於或超過本公司歷史或公佈之盈利。股票價格及其收益會

有漲跌，投資者在出售股票時可能無法收回全部投資金額。

本公司網站的內容或透過本公司網站上的超連結造訪的任何網站均未納入本公告或

構成本公告的一部分。

給承銷商的資訊

僅出於FCA商品干預和商品治理資料手冊（“英國產品治理要求”）第3章的商品治

理要求之目的，並且不承擔任何責任，無論係因侵權、契約還是其他原因而產生的

任何責任「製造商」（就英國商品治理要求而言）可能另有規定，配售股份已接受

商品批准程序，該程序已確定配售股份：(i)與最終目標兼容散戶投資者和符合

《FCA 業務行為手冊》第3段所定義的專業客戶和合格交易對手標準的投資者的市

場；以及(ii) 有資格透過所有允許的分銷管道進行分銷（「目標市場評

估」）」）。

儘管進行了目標市場評估，承銷商仍應注意： 配售股份的價格可能會下跌，投資

者可能會損失全部或部分投資；配售股份不提供保證收入和資本保護；對配售股份

的投資僅適合不需要保證收入或資本保護的投資者，他們（單獨或與適當的財務或

其他顧問一起）能夠評估此類投資的優點和風險，並且有足夠的資源能夠承擔由此

可能造成的任何損失。

目標市場評估不影響與配售相關的任何契約、法律或監管銷售限制的要求。此外，

應注意，儘管進行了目標市場評估，銀行仍只會與符合專業客戶和合格交易對手標

準的投資者進行銷售。為避免疑義，目標市場評估並不構成：(a)就《FCA 商業行為

手冊》第9A章和第10A章分別進行的適宜性或適當性評估；(b)向任何投資者或投資

者團體推薦投資、購買配售股份或對配售股份採取任何其他行動。

各承銷商負責對配售股份進行其自己的目標市場評估並確定適當的分銷管道。