MicroPort Medical Announces Proposed Spin-off and IPO of MicroPort MedBot with Indicative Price Range of HK$36.00–HK$43.20 per Share

Gelonghui, October 21 |MicroPort (00853.HK) announced that, in connection with the proposed spin-off and independent listing of Shanghai MicroPort MedBot (Group) Co., Ltd. on the Main Board of The Stock Exchange of Hong Kong Limited, the spin-off company published a prospectus for the proposed spin-off and listing on October 21, 2021. The offer price for the spin-off company's shares in the global offering is expected to be not less than HK$36.00 and not more than HK$43.20 per share.

As disclosed in the Prospectus, the total number of Shares of the Demerged Company to be offered pursuant to the Global Offering will be (i) 36,200,000 Shares (assuming the Over-allotment Option is not exercised), representing approximately 3.80% of the total issued share capital of the Demerged Company immediately following the completion of the Global Offering, or (ii) 41,630,000 Shares (assuming the Over-allotment Option is exercised in full), representing approximately 4.34% of the total issued share capital of the Demerged Company immediately following the completion of the Global Offering.