1. Project Operation Process
1.1 Internal Review Process of the Sponsoring Institution
Orient Securities has established strict internal review procedures for the IPO project:
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Project Approval Committee Review Orient Securities has set up a project approval committee as a non-permanent decision-making body for investment banking operations. The committee consists of the CEO, vice presidents in charge of business, heads of the capital markets and quality control departments, and other financial or legal experts nominated by the CEO. The committee reviews project application documents and provides written opinions, assessing overall project risks and benefits to offer professional advice.
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Internal Review Department Review During project implementation, the project team must submit implementation plans, reports on significant events and changes, and other major issues to the quality control department before officially entering different stages. If submission to the project approval committee is required, the committee will issue review opinions, and the quality control department will compile and notify the project team of these opinions. The quality control department may conduct regular or irregular on-site reviews of the project and issue reports, to which the project team must respond and rectify any major issues raised. During the internal review phase, the quality control department reviews preliminary materials, arranges on-site checks, and issues reports. It verifies the completeness, integrity, and validity of internal materials and conducts preliminary checks on the issuer's application documents, forming a project review report that the project team must respond to.
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Internal Review Committee Review The internal review committee, after reviewing the internal application forms, project working papers, internal review application materials, and project review reports, issues review opinions and engages in thorough communication and discussion with the project team during the internal review meeting, ultimately forming feedback opinions. The project team responds in writing to the feedback and provides relevant written materials on special concerns, promptly revising and improving application materials. The quality control department checks the project team's responses and implementation status.
1.2 Main Process of Project Approval
On October 13, 2014, the project team submitted a formal project approval application to the quality control department, along with application documents including the basic project approval situation form, audit report, industry analysis report, and due diligence report. The sponsoring institution held a project approval meeting on October 28, 2014, to review the issuer's application documents. After thorough discussion, the project approval team officially approved the project on November 3, 2014. The members of the project approval meeting included Ma Ji, Cui Hongjun, Wei Huanzhong, Yin Lu, Su Yuexing, and Zheng Xianhong. The voting results were: 5 votes in favor, 0 votes against, and 1 vote to defer.
1.3 Main Process of Project Execution
- Project Execution Members and Work Start Time
The project execution members include:
- Sponsoring Representatives: Zhang Zhong, Ge Shaozheng
- Project Assistants: Gu Lishan
- Other Project Team Members: Huang Wan, Yan Sihua, Bian Jiazhen, Wang Ziwen, Liu Wei
Project team members began work in July 2014, conducting due diligence and preparing application materials.
- Main Process of Due Diligence The Orient Securities Tianchang project team conducted in-depth due diligence on the issuance and listing starting from July 2014. The due diligence work spanned the entire sponsorship process, including project approval, guidance, preparation of application materials, and submission.