Zhejiang XinXing Tool Co., Ltd.
Announcement Regarding the Listing of Initial Public Offering Shares on the ChiNext Market
Sponsor (Lead Underwriter): Huatai United Securities Co., Ltd.
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, complete, and timely, and contains no false records, misleading statements, or major omissions.
With the approval of the Shenzhen Stock Exchange, Zhejiang XinXing Tool Co., Ltd. (hereinafter referred to as "XinXing Tool", "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 30, 2026. The full text of the listing announcement and the prospectus for the initial public offering of shares on the ChiNext market are disclosed on the information disclosure website designated by the China Securities Regulatory Commission (full text network links: Juchao Information Network, www.cninfo.com.cn; China Financial News Network, www.financialnews.com.cn; Economic Information Daily, www.jjckb.cn; China Daily website, www.chinadaily.com.cn; Csr.com.cn, www.cs.com.cn; Securities Daily website, www.zqrb.cn; China Securities Net, www.cnstock.com; Securities Times website, www.stcn.com), for investors to consult.
QR Code for the webpage: Juchao Information Network
I. Listing Overview
(I) Stock Abbreviation: XinXing Tool
(II) Stock Code: 301677
(III) Total Share Capital After Initial Public Offering: 100 million shares
(IV) Number of Shares Offered in Initial Public Offering: 25 million shares. All shares in this offering are new shares; original shareholders are not publicly selling shares.
II. Risk Warning
The Company reminds investors to pay attention to the investment risks of newly issued shares (hereinafter referred to as "new shares") during the initial listing period. Investors should fully understand the risks and participate rationally in new share trading. Specifically, the risks during the initial listing period include, but are not limited to, the following:
(I) Stock Trading Risks Due to Relaxed Price Fluctuation Limits
The bidding trading system on the ChiNext market has a wider range of price fluctuation limits. For stocks listed on the ChiNext market through an initial public offering, 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 may experience significant price fluctuations during the initial listing period.
(II) Stock Trading Risks Due to a Small Number of Tradable Shares
After this offering, the Company's total share capital will be 100 million shares, of which 21.44 million shares will be freely tradable, accounting for 21.44% of the total share capital after the offering. The number of tradable shares during the initial listing period will be small, posing a risk of insufficient liquidity.
(III) Differences Between the Company's Issue Price-to-Earnings Ratio and the Industry Average