1. Overview of the Offering
1-1-1 Issuance Overview
- Type of shares issued: RMB ordinary shares (A shares)
- Number of shares issued: 26 million shares
- Par value per share: RMB 1.00
- Issue price per share: RMB 21.81
- Expected issuance date: June 26, 2008
- Planned stock exchange for listing: Shenzhen Stock Exchange
- Total share capital after issuance: 103.08 million shares
Restrictions on Share Transfer and Lock-up Commitments
- The actual controllers of the company, Wang Minwen and Chen Chahua, along with their associate Chen Weizhong, commit not to transfer or entrust others to manage their shares held prior to this issuance for 36 months from the date of the company's stock listing, nor will the company repurchase those shares.
- The 54 shareholders who subscribed to the company's additional shares in August 2006, including Lin Biqing, commit not to transfer their subscribed additional shares for 36 months from the date of the company's stock listing.
- Other shareholders of the company commit not to transfer or entrust others to manage their shares held prior to this issuance for 12 months from the date of the company's stock listing, nor will the company repurchase those shares.
- The company's directors, supervisors, and senior management, including Wang Minwen, Li Liben, Que Duanlin, Lin Biqing, Chen Weizhong, Yang Derun, Ma Xiangyang, Liu Peidong, Li Xiaojun, Tian Daxi, and Wu Nengyun, commit that after the expiration of the aforementioned lock-up period, the proportion of shares they hold that can be transferred during their tenure will not exceed 25% of their total shares held, and they will not transfer shares within six months after leaving the company.
- Sponsor (Lead Underwriter): CITIC Securities Co., Ltd.
- Date of prospectus signing: May 5, 2008
1-1-2 Issuer's Statement
The board of directors of the issuer has approved this prospectus and its summary. The issuer and all directors, supervisors, and senior management commit that this prospectus and its summary do not contain false records, misleading statements, or major omissions, and they bear individual and joint legal responsibility for its authenticity, accuracy, and completeness. The responsible person and the person in charge of accounting guarantee that the financial accounting data in this prospectus and its summary are true and complete. Any decisions or opinions made by the China Securities Regulatory Commission or other government departments regarding this issuance do not imply a substantive judgment or guarantee of the value of the issuer's stock or the returns for investors. Any contrary statements are false representations. According to the Securities Law, after the stock is legally issued, the changes in the issuer's operations and earnings are the issuer's responsibility, and the investment risks arising from such changes are borne by the investors. Investors with any questions regarding this prospectus and its summary should consult their stock brokers, lawyers, accountants, or other professional advisors.