iHuman Inc. (IH) Prices 7M ADS IPO at $12/ADS

iHuman Inc. (NYSE: IH), a leading childhood edutainment company in China, announced today the pricing of its initial public offering of 7,000,000 American Depositary Shares ("ADSs"), each representing five class A ordinary shares of the Company, at a public offering price of US$12.00 per ADS. The ADSs are expected to begin trading on the New York Stock Exchange on October 9, 2020 under the ticker symbol "IH." The offering is expected to close on October 14, 2020, subject to customary closing conditions.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,050,000 additional ADSs. The total gross proceeds of the offering, before deducting underwriting discounts and commissions and offering expenses payable by iHuman, are expected to be US$84.0 million if the underwriters do not exercise their over-allotment option, and US$96.6 million if the underwriters choose to exercise their over-allotment option in full.

Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc. are acting as joint bookrunners and underwriter representatives for the offering. Tiger Brokers (NZ) Limited is acting as a joint bookrunner for the offering. CMB International Capital Limited and CLSA Limited are acting as co-managers for the offering.

iHuman's registration statement relating to the offering has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 134 under the Securities Act of 1933, as amended.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement.

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