Zhongwei New Material (02579.HK): Stability price action, stability price period ending and excessive rights issue invalidating

The Zhongwei New Materials (02579.HK) announced that the stabilizing price period for the global offering ended on December 12, 2025 (30 days after the deadline for submitting applications for public offerings in Hong Kong). The overall coordinator (on behalf of itself and the international underwriters) did not exercise the over-allotment option during the stabilizing price period, and the over-allotment option expired on December 12, 2025. Therefore, the company did not and will not issue any additional H shares based on the over-allotment option.