Suzhou GreenControl Transmission Technology Co., Ltd.
Initial Public Offering of Shares and Listing on the ChiNext Market
Announcement of Preliminary Allotment Results for Offline Offering
Sponsor (Lead Underwriter): China International Capital Corporation Limited
Special Notice
Suzhou GreenControl Transmission Technology Co., Ltd. (hereinafter referred to as "GreenControl Transmission", "Issuer" or "Company") has received approval from the Shenzhen Stock Exchange (hereinafter "SZSE") Listing Committee and registration approval from the China Securities Regulatory Commission (hereinafter "CSRC") (Zheng Jian Xu Ke [2026] No. 1507) for its initial public offering of shares (hereinafter "this Offering") and listing on the ChiNext market.
China International Capital Corporation Limited (hereinafter "CICC", "Sponsor" or "Sponsor (Lead Underwriter)") serves as the sponsor (lead underwriter) for this Offering.
This Offering is conducted through a combination of targeted placement to strategic investors (hereinafter "Strategic Placement"), inquiry-based placement to qualified offline investors (hereinafter "Offline Offering"), and pricing-based issuance to public investors holding non-restricted A-shares and non-restricted depository receipts in the Shenzhen market (hereinafter "Online Offering").
The Issuer and the Sponsor (Lead Underwriter) have determined the total number of shares for this Offering to be 68.341235 million shares at an issue price of 8.50 RMB per share. The issue price does not exceed the lower of the median and weighted average of offline investor quotes after excluding the highest quotes, and the median and weighted average of quotes from public offering funds, national social security funds, pension funds, enterprise/occupational annuity funds, insurance funds, and qualified foreign investor funds (hereinafter "the lower of the four values"). Consequently, the Sponsor's related subsidiary, China CICC Wealth Management Securities Co., Ltd. (hereinafter "CICC Wealth Management"), is not required to participate in the Strategic Placement.
According to the final issue price, the strategic investors include the Issuer's senior management and core employees participating through special asset management plans (specifically, the CICC GreenControl Transmission No. 1 Employee Strategic Placement Collective Asset Management Plan and the CICC GreenControl Transmission No. 2 Employee Strategic Placement Collective Asset Management Plan, collectively referred to as the "Employee Asset Management Plans") and large enterprises or their subsidiaries that have strategic cooperation relationships or long-term cooperation prospects with the Issuer. The final number of shares for the Employee Asset Management Plans is 6.834123 million shares, accounting for approximately 10.00% of the total issuance. Other strategic investors were allotted 13.668247 million shares, accounting for approximately 20.00% of the total issuance.
The initial number of shares for Strategic Placement was 20.502370 million shares, representing 30.00% of the total issuance. The final Strategic Placement quantity is 20.502370 million shares (30.00%). As the initial and final quantities are identical, no clawback from the Strategic Placement to the Offline Offering is required.
Following the Strategic Placement and prior to the activation of the online-offline clawback mechanism, the initial offline issuance was 38.271365 million shares (80.00% of the remaining shares) and the initial online issuance was 9.567500 million shares (20.00% of the remaining shares).
Based on the clawback mechanism disclosed in the "Offering Announcement", as the initial online effective subscription multiple was 13,177.69161 times (exceeding 100 times), the Issuer and Sponsor (Lead Underwriter) decided to trigger the clawback mechanism. 20% of the total shares (after deducting the final Strategic Placement) was clawed back from the offline to the online tranche (rounded up to 9.568000 million shares). Following this, the final offline issuance is 28.703365 million shares (60.00% of the remaining total) and the final online issuance is 19.135500 million shares (40.00% of the remaining total). The final online winning rate is 0.0151775616%, with an effective subscription multiple of 6,588.67364 times.
Investors must pay close attention to the payment process and fulfill their payment obligations by August 12, 2026 (T+2 day).