J&T EXPRESS-W(01519): End of stable pricing period, oversubscription rights invalidated.

J&T EXPRESS-W (01519) announced that the global offering of stable price period ended on November 18, 2023 (Saturday) (i.e., 30 days after the deadline for submitting the Hong Kong public offering application). During the stable price period, Morgan Stanley Asia Limited or any of its affiliates or persons acting on its behalf purchased a total of 48,982,400 Class B shares in the market at a price range of HKD 11.8922 to HKD 11.9985 per share, accounting for approximately 15% of the total number of shares offered for subscription under the global offering before any exercise of the Over-allotment Option. The last purchase made by the stabilizing manager or any of its affiliates or persons acting on its behalf in the market during the stable price period was on November 16, 2023, at a price of HKD 11.9980 per share. The Joint Bookrunners did not exercise the Over-allotment Option during the stable price period, and the Over-allotment Option expired on November 18, 2023 (Saturday). Therefore, the Company did not and will not issue any Class B shares pursuant to the Over-allotment Option.