Tors Precision Manufacturing (Jiangsu) Co., Ltd.
Announcement Regarding the Listing and Public Offering of Shares on the ChiNext Market
Sponsor (Lead Underwriter): China International Capital Corporation Limited
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, complete, and timely, and contains no false records, misleading statements, or material omissions.
With the approval of the Shenzhen Stock Exchange, Tors Precision Manufacturing (Jiangsu) Co., Ltd. (hereinafter referred to as "Tors Precision", "the Company", or "the Issuer") will issue RMB ordinary shares, which will be listed on the ChiNext market of the Shenzhen Stock Exchange on July 10, 2026. The full text of the listing announcement and the prospectus for the initial public offering and listing on the ChiNext market are disclosed on the websites designated by the China Securities Regulatory Commission (full network link addresses: Juchao Information Network, URL www.cninfo.com.cn; China Securities Journal, URL www.cs.com.cn; China Securities Net, URL www.cnstock.com; Securities Times Network, URL www.stcn.com; Securities Daily Network, URL www.zqrb.cn; Economic Information Daily, URL www.jjckb.cn; Financial Times, URL www.financialnews.com.cn; and China Daily Network, URL www.chinadaily.com.cn), for investors to consult.
QR Code for Website: Juchao Information Network
I. Listing Overview
(I) Stock Abbreviation: Tors Precision
(II) Stock Code: 301583
(III) Total Share Capital After Initial Public Offering: 185,473,692 shares
(IV) Number of Shares Offered in Initial Public Offering: 46,368,423 shares. This offering consists entirely of new shares; existing shareholders will not offer any shares for public sale.
II. Risk Disclosure
(I) Risks of Stock Trading Due to Relaxed Price Fluctuation Limits
The GEM market's call auction trading system has a wider price fluctuation limit. For stocks initially listed on the GEM market, there will be no price fluctuation limit for the first 5 trading days after listing, and thereafter, the price fluctuation limit will be 20%. The Company's stock faces the risk of significant price volatility in the initial period after listing.
(II) Differences Between the Company's Offering Price-to-Earnings Ratio and the Industry Average
According to the "Classification of National Economic Industries" (GB/T4754-2017) and the "Industry Classification Guidelines for Listed Companies of China Association of Listed Companies" (2023 edition) issued by the China Association of Listed Companies, the Issuer's industry is classified as "C34 - General Equipment Manufacturing". As of June 24, 2026 (T-3 day), the average monthly static price-to-earnings ratio for the C34 - General Equipment Manufacturing industry, as published by Wind, was 43.51 times. Investors are advised to consider this for their decision-making.