My Little Pony Zhixing-W (02026): Over-allotment rights expire at the end of the price stabilization period

According to the Zhitong Finance App, My Little Pony Zhixing-W (02026) announced that the price stability period relating to the global sale will end on December 3, 2025 (Wednesday) (that is, the 30th after the application deadline in accordance with the Hong Kong public sale). The overall coordinator (representing the international underwriter) did not exercise the over-allotment right during the price stabilization period, and the over-allotment right expired on December 3, 2025 (Wednesday).

Price stabilization actions taken by Goldman Sachs (Asia) Limited (as price stabilizer) or its affiliates or any person acting on its behalf during the price stabilization period are as follows:

(1) A total of 7.2373 million Class A common shares were overdistributed during the international offering, which is equivalent to 15% of the total number of shares offered for subscription under the global offering (after accounting and the full exercise of the right to adjust the sale volume and before any exercise of the over-allotment rights);

(2) Goldman Sachs International (an affiliate of the price stabilizer) co-invests from Morningside China TMT Fund IV, L.P., Morningside China TMT Special Opportunity Fund II, L.P., and Morningside China TMT Fund IV under a share loan agreement, L.P. (collectively, the “Lender”) borrowed a total of 7.2373 million Class A common shares to make up for the overallocation of international offerings. Such shares will be returned and returned to the lender in accordance with the terms of the share loan agreement; and

(3) During the price stabilization period, a total of 7.2373 million Class A common shares were successively purchased at a price of HK$85.70 to HK$126.10 per Class A common share in the market to facilitate the return of 7.2373 million Class A common shares borrowed from lenders under the share loan agreement. During the price stabilization period, the last purchase on the market by the Stable Price Manager or its affiliate or any person acting on its behalf was on December 3, 2025 (Wednesday), at a price of HK$112.40 per Class A common share.