09:34 XINYI GLASS HOLDINGS LIMITED<00868> - Announcement (3) The Directors are pleased to announce that at the close of the Application Lists at 12:00 noon on 27 January 2005, a total of 4,145 valid applications have been received pursuant to the Hong Kong Public Offer on WHITE, YELLOW and PINK Application Forms and through Electronic Application Instructions for a total of 2,121,176,000 Shares, equivalent to approximately 56.6 times of the total number of the Hong Kong Public Offer Shares initially available for subscription. Of the valid applications received on WHITE and YELLOW Application Forms and through Electronic Application Instructions, a total of 3,887 applications in respect of a total of 932,732,000 Shares were made for the Hong Kong Public Offer Shares with an aggregate subscription amount (excluding 1% brokerage fee, 0.005% SFC transaction levy, 0.002% investor compensation levy and 0.005% Stock Exchange trading fee payable, based on the maximum Offer Price of HK$2.04 per Offer Share) of HK$5 million or less (equivalent to approximately 55.3 times of the total number of 16,876,000 Hong Kong Public Offer Shares initially available for allocation in pool A) and a total of 235 applications in respect of a total of 1,184,008,000 Shares were made for the Hong Kong Public Offer Shares with an aggregate subscription amount (excluding 1% brokerage fee, 0.005% SFC transaction levy, 0.002% investor compensation levy and 0.005% Stock Exchange trading fee payable, based on the maximum Offer Price of HK$2.04 per Offer Share) of more than HK$5 million (equivalent to about 70.2 times of the total number of 16,876,000 Hong Kong Public Offer Shares initially available for allocation in pool B). All multiple applications and suspected multiple applications have been rejected. Applications not based on the denominations set out in the Application Forms or otherwise not in accordance with the instructions set out therein have also been rejected. No application for more than 50% of the Hong Kong Public Offer Shares, after deducting the 3,748,000 Hong Kong Public Offer Shares initially offered for subscription by eligible full-time employees of the Group, (i.e. more than 16,876,000 Hong Kong Public Offer Shares) has been identified. The Directors further announce that a total of 23 valid applications on PINK Application Forms for subscription by eligible full-time employees of the Group on a preferential basis have been received for a total of 4,436,000 Shares, equivalent to about 1.2 times of the 3,748,000 Hong Kong Public Offer Shares available for subscription on PINK Application Forms. As a result of the over-subscription in the Hong Kong Public Offer, the clawback mechanism stated in the section headed `Structure and conditions of the Share Offer' in the Prospectus has been applied. A total of 112,500,000 International Placing Shares initially available for subscription have been reallocated to the Hong Kong Public Offer. As a result of such reallocation, there are 150,000,000 Offer Shares available for subscription under the Hong Kong Public Offer, representing 40% of the total number of the Offer Shares (without taking into account Shares which may be issued pursuant to the exercise of the Over-allotment Option), whereas the total number of International Placing Shares available for subscription has been reduced to 225,000,000 Shares, representing 60% of the total number of Shares initially available under the Share Offer (without taking into account Shares which may be issued pursuant to the exercise of the Over-allotment Option). The Shares offered under the Hong Kong Public Offer will be conditionally allotted on the basis set forth under `Basis of allotment' below. The Directors confirm that no Offer Shares have been allocated to applicants who are connected persons (as such term is defined under the Listing Rules) of the Company. None of the Sponsor, the Global Coordinator and all other Underwriters, or their respective associates and connected clients (as defined in appendix 6 of the Listing Rules), has taken up any Shares for its own benefit under the Share Offer. BASIS OF ALLOTMENT Valid applications made by the public on WHITE and YELLOW Application Forms and through Electronic Application Instructions will be conditionally allotted on the following basis:- Number of Hong Number of Basis of Approximate Kong Public valid allocation/ball percentage of Offer Shares applications ot allotment applied received based on the for total number of Hong Kong Public Offer Shares applied for (%) Pool A: 2,000 572 2,000 Shares 100.00% 4,000 402 2,000 Shares 84.70% plus 93 out of 134 to receive additional