OneConnect Announces Pricing of Initial Public Offering

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SHENZHEN, China–(BUSINESS WIRE)–Dec. 13, 2019

OneConnect Financial Technology Co., Ltd. (OneConnect), a leading technology-as-a-service platform for financial institutions in China, today announced the pricing of its initial public offering of 31,200,000 American Depositary Shares (ADSs), each representing three ordinary shares, at a price to the public of US$10.00 per ADS. OneConnect has granted the underwriters an option to purchase up to an additional 4,680,000 ADSs to cover over-allotments. The total gross proceeds of the offering are expected to be approximately US$358.8 million if the underwriters choose to exercise their over-allotment option in full.

The ADSs have been approved for listing on the New York Stock Exchange and are expected to begin trading on December 13 under the symbol "OCFT." The offering is expected to close on December 17, 2019, subject to satisfaction of customary closing conditions.

Morgan Stanley & Co. LLC, Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Ping An of China Securities (Hong Kong) Company Limited are acting as active joint bookrunners and as representatives of the underwriters, BofA Securities, Inc. and HSBC Securities (USA) Inc., are acting as passive joint bookrunners and as representatives of the underwriters, and CLSA Limited and KeyBanc Capital Markets Inc. are acting as co-managers for this offering.

A registration statement on Form F-1 relating to the securities being sold in this offering has been filed with the Securities and Exchange Commission and declared effective. Copies of the registration statement can be accessed on the website of the SEC at www.sec.gov.

The offering is made only by means of a prospectus forming a part of the effective registration statement. Copies of the final prospectus relating to this offering, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014, via telephone: 1-917-606-8487, or via email: prospectus@morganstanley.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, via telephone: 866-471-2526, or via facsimile: 212-902-9316, or via email: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, USA, via telephone: 1-866-803-9204, or via email: prospectus-eq_fi@jpmchase.com; Ping An of China Securities (Hong Kong) Company Limited, Attention: ECM Department, Unit 3601, 36/F, The Center, 99 Queen's Road Central, Hong Kong, via telephone: 00852-3762-9766, or via email: prospectus@pingan.com; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, via email: dg.prospectus_requests@baml.com; HSBC Securities (USA) Inc., 452 5th Avenue, New York, New York 10018.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About OneConnect

OneConnect Financial Technology Co., Ltd. (the “Company") is a leading technology-as-a-service platform for financial institutions in China. The Company’s platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. The Company’s solutions provide technology applications and technology-enabled business services to financial institutions. Together they enable the Company’s customers' digital transformations, which help them increase revenue, manage risks, improve efficiency, enhance service quality and reduce costs.

The Company's 12 technology solutions strategically cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses — from sales and marketing and risk management to customer services, as well as technology infrastructure such as data management, program development, and cloud services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191212005899/en/

For investor and media inquiries:
Investor Relations:
Patricia Cheng
patricia.cheng@ocft.com
+852 37629357

Media Relations:
ICR, LLC
OneConnect.PR@icrinc.com
+1 212 993 6283

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