Preliminary Inquiry and Recommendation Announcement for Initial Public Offering of Gansu Hongliang Leather Industry Co., Ltd.
Lead Underwriter: Hu Long Securities Co., Ltd.
Special Reminder: Gansu Hongliang Leather Industry Co., Ltd. (hereinafter referred to as "the issuer" or "Hongliang Co.") is conducting its initial public offering (IPO) of shares in accordance with the "Regulations on Securities Issuance and Underwriting Management" (issued on December 13, 2013), the "Guiding Opinions on Further Promoting the Reform of the New Share Issuance System" (CSRC Announcement [2013] No. 42), and the "Standards for Underwriting Business of Initial Public Offerings" (CASS Announcement [2013] No. 231). This IPO will be conducted in conjunction with the relevant regulations published by the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") and China Securities Depository and Clearing Corporation Limited regarding the "Implementation Rules for Offline Issuance of Initial Public Offerings in the Shenzhen Market" and the "Implementation Measures for Online Subscription Based on Market Value in the Shenzhen Market."
This preliminary inquiry and offline issuance will be conducted through the SZSE's offline issuance electronic platform. Offline investors are advised to read this announcement carefully. For detailed information regarding the electronic nature of the offline issuance, please refer to the "Implementation Rules for Offline Issuance of Initial Public Offerings in the Shenzhen Market" published on the SZSE website (www.szse.cn).
According to the "Guiding Opinions on Further Promoting the Reform of the New Share Issuance System" (CSRC Announcement [2013] No. 42), the "Regulations on Securities Issuance and Underwriting Management" (issued on December 13, 2013), and the "Standards for Underwriting Business of Initial Public Offerings" (CASS Announcement [2013] No. 231), there are significant changes in the issuance ratio, conditions for offline investors, public sale of shares by company shareholders, allocation methods, and the mechanism for adjusting allocations. Investors are urged to pay close attention.