Bairong Inc. — Share Issue/Capital Change 2021

Jul 2, 2021

For Main Board listed issuers

Next Day Disclosure Return

(Equity issuer - changes in issued share capital and/or share buybacks)

Name of listed issuer: Bairong Inc. (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)

Stock code: 6608 Date submitted: July 2, 2021

Section I must be completed by a listed issuer where there has been a change in its issued share capital which is discloseable pursuant to rule 13.25A of the Rules (the “Listing Rules”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”).

Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under rule 10.06(4)(a).

Description of securities: Ordinary Shares

	I.
	Issues of shares (Notes 6 and 7)	No. of shares	Issued shares as a % of existing number of issued shares before relevant share issue (Notes 4, 6 and 7)	Issue price per share (Notes 1 and 7)	Closing market price per share of the immediately preceding business day (Note 5)	% discount/ premium of issue price to market price (Note 7)
	Opening balance as at (Note 2) June 30, 2021	495,289,330 (comprising 84,299,615 class A ordinary shares and 410,989,715 class B ordinary shares)
	(Note 3)
	Repurchases of class B ordinary shares on June 3, 2021 but not yet cancelled	260,500 class B ordinary shares
	Repurchases of class B ordinary shares on June 4, 2021 but not yet cancelled	244,500 class B ordinary shares
	Repurchases of class B ordinary shares on June 7, 2021 but not yet cancelled	183,500 class B ordinary shares

3/2019

For Main Board listed issuers

Repurchases of class B ordinary shares on June 8, 2021 but notyet cancelled	175,000 class B ordinary shares
Repurchases of class B ordinary shares on June 9, 2021 but notyet cancelled	98,000 class B ordinary shares
Repurchases of class B ordinary shares on June 10, 2021 but notyet cancelled	87,500 class B ordinary shares
Repurchases of class B ordinary shares on June 11, 2021 but notyet cancelled	304,500 class B ordinary shares
Repurchases of class B ordinary shares on June 15, 2021 but notyet cancelled	75,000 class B ordinary shares
Repurchases of class B ordinary shares on June 16, 2021 but notyet cancelled	121,500 class B ordinary shares
Repurchases of class B ordinary shares on June 18, 2021 but notyet cancelled	131,500 class B ordinary shares
Repurchases of class B ordinary shares on June 21, 2021 but notyet cancelled	62,500 class B ordinary shares
Repurchases of class B ordinary shares on June 22, 2021 but notyet cancelled	195,500 class B ordinary shares
Repurchases of class B ordinary shares on June 23, 2021 but notyet cancelled	92,500 class B ordinary shares
Repurchases of class B ordinary shares on June 24, 2021 but notyet cancelled	58,000 class B ordinary shares

3/2019

For Main Board listed issuers

	Repurchases of class B ordinary shares on June 25, 2021 but notyet cancelled	74,500 class B ordinary shares
	Repurchases of class B ordinary shares on June 28, 2021 but notyet cancelled	134,500 class B ordinary shares
	Repurchases of class B ordinary shares on June 29, 2021 but notyet cancelled	160,000 class B ordinary shares
	Repurchases of class B ordinary shares on June 30, 2021 but notyet cancelled	100,000 class B ordinary shares
	Repurchases of class B ordinary shares on July 2, 2021 but notyet cancelled	120,500 class B ordinary shares	0.024%
	Closing balance as at (Note 8) July 2, 2021	495,289,330 (comprising 84,299,615 class A ordinary shares and 410,989,715 class B ordinary shares)
	We hereby confirm to the best knowledge, information and belief that, in relation to each issue of securities as set out in Section I, it has been duly authorized by the board of directors of the listed issuer and, insofar as applicable: (Note 9) (i) all money due to the listed issuer in respect of the issue of securities has been received by it; (ii) all pre-conditions for the listing imposed by the Listing Rules under “Qualifications of listing” have been fulfilled; (iii) all (if any) conditions contained in the formal letter granting listing of and permission to deal in the securities have been fulfilled; (iv) all the securities of each class are in all respects identical (Note 10); (v) all documents required by the Companies (Winding Up and Miscellaneous Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has been made with other legal requirements; (vi) all the definitive documents of title have been delivered/are ready to be delivered/are being prepared and will be delivered in accordance with the terms of issue; (vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have purchased or agreed to be purchased by it and the

3/2019

For Main Board listed issuers

purchase consideration for all such property has been duly satisfied; and

• (viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and particulars thereof, if so required by law, have been filed with the Registrar of Companies.

Notes to Section I:

1. Where shares have been issued at more than one issue price per share, a weighted average issue price per share should be given.

2. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to rule 13.25A or Monthly Return pursuant to rule 13.25B, whichever is the later.

3. Please set out all changes in issued share capital requiring disclosure pursuant to rule 13.25A together with the relevant dates of issue. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer’s Monthly Return. For example, multiple issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories.

4. The percentage change in the number of issued shares of listed issuer is to be calculated by reference to the listed issuer’s total number of shares in issue (excluding for such purpose any shares repurchased or redeemed but not yet cancelled) as it was immediately before the earliest relevant event which has not been disclosed in a Monthly Return or Next Day Disclosure Return.

5. Where trading in the shares of the listed issuer has been suspended, “closing market price per share of the immediately preceding business day” should be construed as “closing market price per share of the business day on which the shares were last traded”.

6.

• In the context of a repurchase of shares:

• “issues of shares” should be construed as “repurchases of shares”; and

• “issued shares as a % of existing number of shares before relevant share issue” should be construed as “repurchased shares as a % of existing number of shares before relevant share repurchase”.

7.

In the context of a redemption of shares:

• “issues of shares” should be construed as “redemptions of shares”;

• “issued shares as a % of existing number of shares before relevant share issue” should be construed as “redeemed shares as a % of existing number of shares before relevant share redemption”; and

• “issue price per share” should be construed as “redemption price per share”.

8.

• The closing balance date is the date of the last relevant event being disclosed.

9.

• Items (i) to (viii) are suggested forms of confirmation which may be amended to meet individual cases.

10. “Identical” means in this context:

• the securities are of the same nominal value with the same amount called up or paid up;

• they are entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and

• they carry the same rights as to unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects.

3/2019

For Main Board listed issuers

II.

A. Purchase report

Trading date Number of securities purchased Method of purchase (Note) Price per share or highest price paid (HK$) Lowest price paid (HK$) July 2, 2021 120,500 On the Exchange 20.65 19.84 Total 120,500 B. Additional information for issuer whose primary listing is on the Exchange 1. Number of such securities purchased on the Exchange in the year to date (since ordinary resolution) 2. % of number of shares in issue at time ordinary resolution passed acquired on the Exchange since	Total paid (HK$) 2,428,950.04 2,428,950.04 (a)1,129,500 0.228%	Total paid (HK$) 2,428,950.04 2,428,950.04 (a)1,129,500 0.228%	Total paid (HK$) 2,428,950.04 2,428,950.04 (a)1,129,500 0.228%
	2,428,950.04
	(a)
			0.228%

1. % of number of shares in issue at time ordinary resolution passed acquired on the Exchange since date of resolution

( (a) x 100 ) 495,289,330

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We hereby confirm that the repurchases set out in A above which were made on the Exchange were made in accordance with the Listing Rules and that there have been no material changes to the particulars contained in the Explanatory Statement dated May 14, 2021 which has been filed with the Exchange. We also confirm that any purchases set out in A above which were made on another stock exchange were made in accordance with the domestic rules applying to purchases made on that other exchange.

Note to Section II: Please state whether on the Exchange, on another stock exchange (stating the name of the exchange), by private arrangement or by general offer.

Submitted by: Zhang Shaofeng

(Name)

Title: Executive Director, Chairman and Chief Executive Officer

(Director, Secretary or other duly authorised officer

3/2019