Keytop Records Over 2114 Times Over Subscription Patrons Acts as Joint Lead Manager and Capital Market Intermediary

On the morning of June 26, 2026, KEYTOP PARKING INC. (hereinafter referred to as "KEYTOP"), stock code 2272.HK, officially commenced trading on the Main Board of the Stock Exchange of Hong Kong, with the final offer price set at HK$39.55 per share. In this Initial Public Offering (IPO) project, Patrons Financial Group served as the Joint Lead Manager and Capital Market Intermediary, fully assisting KEYTOPin its debut on the international capital market through its professional capital market services.

Reviewing the offering phase, KEYTOP launched its initial public offering from June 17 to June 23, 2026, with the issuance planning to raise up to HK$400 million. During the subscription period, the project garnered enthusiastic attention from market investors, with the public offer sector recording an over-subscription of over 2114 times, reflecting the capital market's strong affirmation of KEYTOP's business model. As a smart parking space operator, the company has built a closed-loop, full-link business matrix of "people, vehicles, and parking lots" that integrates digitalized parking systems, digitalized parking management services, and parking lot operations.

According to the prospectus, KEYTOP intends to allocate the net proceeds from the offering in the following proportions:

• Approximately 35.0% will be used to advance research and development efforts and enhance technical capabilities, further upgrading service capabilities through continuous investment in technology and expanding the talent pool;

• Approximately 35.0% will be used to deepen the parking lot operation business to increase operational scale and further tap into markets with immense potential;

• Approximately 20.0% will be used to expand the marketing and service network, and further explore opportunities for global expansion;

• Approximately 10.0% will be allocated for working capital and other general corporate purposes.

Data indicates that KEYTOP possesses a solid development foundation in the smart parking space operation industry. According to an industry report by China Insights Consultancy, based on relevant revenues in 2024, KEYTOP ranked second in China's smart parking space operation market, capturing a market share of approximately 3.3%. Since its inception in 2006, the company has continuously driven industry transformation relying on technological innovation, with its products and services widely covering multiple vertical sub-segments such as large commercial complexes, office buildings, residential communities, and public facilities.

Patrons played a significant role in KEYTOP’s public offering, serving as the Joint Lead Manager and Capital Market Intermediary. By combining its profound understanding of the smart transportation technology sector with an extensive network of international investors, the team meticulously mapped out the listing path for the enterprise. This ensured the smooth and steady progress of its IPO issuance, escorting KEYTOP into a new milestone of internationalized development.

If there is any inconsistency or ambiguity between these two versions, the Chinese version shall prevail.