Preliminary Inquiry and Recommendation Announcement for Initial Public Offering of Shares
Sponsor (Lead Underwriter): Zhongyuan Securities Co., Ltd.
Special Reminder: Wuhan Lide Power Technology Co., Ltd. (hereinafter referred to as "the Issuer," "the Company," or "Lide Electric") is organizing the initial public offering of shares in accordance with relevant regulations including the "Measures for the Administration of Securities Issuance and Underwriting" (CSRC Order [No. 144]), "Measures for the Administration of Initial Public Offerings and Listings" (CSRC Order [No. 196]), and other related rules. This preliminary inquiry and offline issuance will be conducted through the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") offline issuance electronic platform and the China Securities Depository and Clearing Corporation Limited Shenzhen Branch (hereinafter referred to as "China Clearing Shenzhen Branch"). Offline investors are requested to read this announcement carefully.
For detailed information regarding the preliminary inquiry and offline subscription, please refer to the relevant regulations published on the SZSE website (www.szse.cn).
Zhongyuan Securities Co., Ltd. (hereinafter referred to as "Zhongyuan Securities" or "the Sponsor (Lead Underwriter)") serves as the sponsor (lead underwriter) for this issuance. Investors are advised to pay close attention to the issuance process, online and offline subscription and payment, handling of abandoned shares, and suspension of issuance, as detailed below:
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Investors are not required to pay subscription funds when subscribing online and offline on May 9, 2022 (T day). The offline subscription date coincides with the online subscription date, with offline subscription time from 9:30 to 15:00 and online subscription time from 9:15 to 11:30 and 13:00 to 15:00.
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After the preliminary inquiry concludes, the issuer and the sponsor (lead underwriter) will sort the bids from all qualified offline investors based on the inquiry results, excluding invalid bids. The bids will be sorted in descending order of subscription price, and for the same subscription price, by the proposed subscription quantity in ascending order, and for the same subscription price and quantity, by the time of submission (as recorded by the SZSE offline issuance electronic platform) in descending order. The highest bids will be excluded, with the excluded proposed subscription volume not less than 10% of the total proposed subscription volume from offline investors. If the highest bid price equals the determined issuance price, bids at that price will not be excluded, and the exclusion ratio may be less than 10%. Excluded bids cannot participate in offline subscriptions. If the price-to-earnings ratio corresponding to the determined issuance price exceeds the average price-to-earnings ratio of listed companies in the same industry, the issuer and the sponsor (lead underwriter) will issue special risk announcements weekly for three consecutive weeks before the online subscription, and the subsequent issuance schedule will be postponed by three weeks, with specific arrangements to be announced separately.
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Online investors must express their subscription intentions independently and cannot fully entrust securities companies to subscribe for new shares on their behalf.
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The allocation objects must strictly comply with industry regulatory requirements, and the subscription amount must not exceed the corresponding asset scale or fund scale.