ZJ INNOLIGHT (03308.HK), the A-share listed optical module manufacturing leader based in Yantai, Shandong, announced on Thursday (August 27) that the over-allotment option was fully exercised by the sponsor and global coordinator (on behalf of the international underwriters) on August 26, 2026.

The exercise involves a total of 8.175 million H-shares at HK$980 per share, representing approximately 0.69% of the total share capital following the exercise of the over-allotment option. The additional gross proceeds amount to approximately HK$8.0115 billion, with net additional proceeds of approximately HK$7.9387 billion.

As a result, the total gross proceeds from ZJ INNOLIGHT's Hong Kong IPO now stand at approximately HK$61.4215 billion. Trading of the over-allotted shares is expected to commence on August 31. This marks the largest Hong Kong IPO in nearly seven years, following Alibaba's listing in 2019.

Meanwhile, the Shanghai Stock Exchange announced on Wednesday (August 26) that ZJ INNOLIGHT (03308.HK) has been added to the list of eligible securities under the Stock Connect program (Southbound Trading), effective from the next trading day. According to the exchange's notice, this adjustment was made in accordance with the relevant provisions of the Shanghai Stock Exchange Stock Connect Implementation Measures.

This inclusion allows mainland Chinese investors to buy and sell ZJ INNOLIGHT shares through the Stock Connect channel, which is expected to enhance the stock's liquidity and market visibility. As of Wednesday's (August 26) market close, ZJ INNOLIGHT shares were trading at HK$1,015 per share, up 3.57% from the IPO offer price, with a total market capitalization of approximately HK$1.19 trillion.