On October 17, 2022, Feitian Yundong announced the selling price and distribution results.

The IPO sold nearly 272 million shares globally, and the selling price has been determined as HK $2.21 per share. After deducting the underwriting commission, incentives and other estimated selling expenses payable by the company for the global offering, the net amount of money received by the company from the global offering is estimated to be about HK $532 million.

Hong Kong public offering shares have been slightly oversubscribed, and 2875 valid applications have been received in total, subscribing for a total of 28.407 million offering shares, which is about 1.05 times the number of 27.15 million Hong Kong offering shares initially available for subscription under the Hong Kong public offering.

The international allotment shares have been slightly oversubscribed, and the oversubscription of the international offering is equivalent to about 1.07 times the number of 244 million international offering shares initially available for subscription under the international offering.

Cornerstone investors have subscribed a total of 82.381 million issued shares, accounting for about 4.54% of the company's issued share capital after the completion of the global offering and about 30.33% of the total issued shares of the global offering.

Feitian Yundong provides AR/VR content and services in China, and specifically, during the past record period, the AR/VR marketing services provided to advertisers contributed the most to revenue.

From January 1, 2022 to March 31, 2022, the company's operating income was 229 million yuan, and the net profit was 38.278 million yuan. As of December 31, the company's revenue in fiscal years 2020 and 2021 was 339 million yuan and 595 million yuan respectively, and its net profit was 58.883 million yuan and 70.202 million yuan respectively.

The shares are expected to start trading on the main board of the Stock Exchange at 9:00 a.m. on October 18, 2022 (Tuesday). The shares will be bought and sold in 1000 shares per order. (Ni Ruoyu)