Guoyuan Securities Co., Ltd. (hereinafter referred to as "Guoyuan Securities" or "the Sponsor") is the sponsor for the initial public offering (IPO) of Jinglei Environmental Technology Co., Ltd. (hereinafter referred to as "Jinglei Environmental" or "the Company" or "the Issuer"). In accordance with the relevant laws and regulations, including the "Regulations on the Management of Securities Issuance and Listing Sponsorship," the "Shenzhen Stock Exchange Stock Listing Rules," and the "Self-Regulatory Guidelines for Listed Companies No. 1 - Standardized Operations of Main Board Listed Companies," Guoyuan Securities has conducted a prudent verification of the listing and circulation of shares issued prior to the IPO of Jinglei Environmental. The verification results are as follows:
I. Company Stock Issuance and Capital Changes
(1) Initial Public Offering of Shares
According to the China Securities Regulatory Commission's approval (Zheng Jian Xu Ke [2022] No. 1104), Jinglei Environmental Technology Co., Ltd. publicly issued 27,848,337 ordinary shares (A shares) in RMB. The company's shares were listed for trading on July 15, 2022, with a total share capital of 111,393,348 shares post-listing. The number of restricted shares is 83,545,011, accounting for 75% of the total share capital; the unrestricted circulating shares are 27,848,337, accounting for 25% of the total share capital.
(2) Changes in Share Capital Post-Listing
- On May 20, 2024, the company held the 2023 Annual General Meeting, where the proposal for the 2023 profit distribution and capital reserve increase was approved. The profit distribution and capital reserve increase plan is as follows: based on the total share capital minus the shares in the company's repurchase account, a cash dividend of 3.50 RMB (including tax) will be distributed for every 10 shares, and 2 additional shares will be issued for every 10 shares from the capital reserve, with no bonus shares. After this distribution and capital reserve increase, the total share capital changed from 111,393,348 shares to 133,496,097 shares.
- On September 3, 2025, the company held the 23rd meeting of the second board of directors and the 19th meeting of the second supervisory board, where the proposal to grant restricted stock to the incentive objects of the 2025 restricted stock incentive plan was approved. It was agreed to grant 1,730,000 shares of restricted stock at a price of 11.18 RMB/share to 22 eligible incentive objects on September 3, 2025, with 1,000,040 shares granted from the company's repurchase account to 9 incentive objects (1 of whom overlaps with new shares) and 729,960 shares granted through a directed issuance to 14 incentive objects (1 of whom overlaps with repurchased shares). After the grant, the total share capital increased by 729,960 shares, changing from 133,496,097 shares to 134,226,057 shares. As of the date of this announcement, the total share capital of the company is 134,226,057 shares, with no changes, of which restricted circulating shares are 81,148,383 shares, accounting for 60.46%, and unrestricted circulating shares are 53,077,674 shares, accounting for 39.54%.
II. Compliance of Shareholders Applying for Release of Share Restrictions
A total of 5 shareholders are applying for the release of share restrictions: Yu Xiaoxia, Yu Xiaojun, Yu Hongbo, Anlu Jinglei Environmental Investment Partnership (Limited Partnership) (hereinafter referred to as "Jinglei Investment"), and Wang Chuanhua. The shareholders applying for the release of share restrictions made commitments in the "Listing Announcement of the Initial Public Offering of Shares" and the "Prospectus of the Initial Public Offering of Shares," as detailed below: