Basic Information of the Issuance
Issuance Method
This issuance adopted a simplified procedure to issue shares to specific targets. The underwriting method for this issuance is through agency sales.
Type and Par Value of Issued Shares
The shares issued through the simplified procedure are domestic listed ordinary shares (A shares) with a par value of RMB 1.00 per share.
Issuance Price
The pricing benchmark date for this issuance is the first day of the issuance period, which is the trading day following the issuance invitation letter's dispatch date, specifically August 29, 2025 (T-2 day). The issuance price shall not be less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The company and the lead underwriter determined the issuance price to be RMB 27.68 per share, which is 100.40% of the minimum issuance price of RMB 27.57 per share.
Issuance Quantity
The final issuance quantity through the simplified procedure is 5,166,184 shares, which does not exceed the maximum issuance quantity approved by the company's board of directors and shareholders' meeting, nor the quantity specified in the issuance plan (5,186,797 shares), and is within 30% of the total share capital before the issuance.
Amount of Raised Funds
According to Zhongxi Certified Public Accountants (Special General Partnership), the total amount raised from this issuance is RMB 142,999,973.12. After deducting the non-taxable issuance costs of RMB 5,441,150.26, the actual net amount raised is RMB 137,558,822.86. This total does not exceed the upper limit of RMB 143 million approved by the company's board of directors and shareholders' meeting.
Subscription Targets
Based on investor subscription quotes and strictly following the procedures and rules established in the subscription invitation document, the final number of subscription targets is 11, not exceeding 35, in compliance with the resolutions of the company's board of directors and shareholders' meeting, as well as relevant laws and regulations. All subscription targets subscribed to the ordinary shares in cash and signed conditional subscription agreements with the issuer. The distribution results of this issuance are as follows:
| No. | Subscription Target Name | Shares Allocated (shares) | Subscription Amount (RMB) | Lock-up Period (months) |
|---|---|---|---|---|
| 1 | Zhang Yimin | 180,635 | 4,999,976.80 | 6 |
| 2 | Zhang Wenfu | 180,635 | 4,999,976.80 | 6 |
| 3 | Lin Kejiang | 444,364 | 12,299,995.52 | 6 |
| 4 | Feng Jianfeng | 198,699 | 5,499,988.32 | 6 |
| 5 | Jiangxi Jintou Private Fund Management Co., Ltd. - Nanchang Ganjinxin Private Equity Investment Fund (Limited Partnership) | 722,543 | 19,999,990.24 | 6 |
| 6 | Donghai Fund Management Co., Ltd. | 166,184 | 4,599,973.12 | 6 |
| 7 | Shanghai Fangyu Investment Management Co., Ltd. - Fangyu Investment Tongjue No. 22 Private Securities Investment Fund | 289,017 | 7,999,990.56 | 6 |
| 8 | Xingzheng Global Fund Management Co., Ltd. | 332,400 | 9,200,832.00 | 6 |
| 9 | Hu'an Securities Asset Management Co., Ltd. | 256,486 | 7,099,532.48 | 6 |
| 10 | Hangzhou Dongfang Jiafu Asset Management Co., Ltd. - Jiaxing Jiazhi Fu Xing Equity Investment Partnership (Limited Partnership) | 1,445,086 | 39,999,980.48 | 6 |
| 11 | Nord Fund Management Co., Ltd. | 950,135 | 26,299,736.80 | 6 |
| Total | 5,166,184 | 142,999,973.12 | - |
Lock-up Period
After the completion of this issuance, the shares subscribed by the specific targets must comply with the relevant regulations of the "Regulations on the Registration of Securities Issuance by Listed Companies" and the relevant provisions of the China Securities Regulatory Commission and Shenzhen Stock Exchange. The shares subscribed by the targets cannot be transferred within six months from the date of listing of the newly issued shares. If there are other regulations regarding the lock-up period, those regulations shall apply.