Green Science & Technology Co., Ltd.
Announcement on Investment Risks of Initial Public Offering on ChiNext
Sponsor (Underwriter): Changjiang Securities Co., Ltd.
Green Science & Technology Co., Ltd. (hereinafter referred to as "Green Science," "the Issuer," or "the Company") has received approval from the Listing Review Committee of the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") for its application to offer and list 33,333,334 ordinary shares of RMB 1.00 par value (A Shares) (hereinafter referred to as the "Offering") on the ChiNext board. The China Securities Regulatory Commission (hereinafter referred to as the "CSRC") has approved the registration (CSRC License [2026] No. 1506).
Changjiang Securities Co., Ltd. (hereinafter referred to as "Changjiang Securities" or "the Sponsor (Underwriter)") is serving as the sponsor (underwriter) for this Offering.
The Issuer and the Sponsor (Underwriter) have jointly determined that the number of shares to be offered in this Offering is 33,333,334 shares. The issued shares will account for 25.00% of the Company's total share capital after the Offering. All shares offered are newly issued shares, and no existing shareholders will sell shares publicly. The shares offered are intended to be listed on the ChiNext board of the SZSE.
This Offering is conducted in accordance with the "Administrative Measures for the Issuance and Underwriting of Securities" (CSRC Order No. 228) (hereinafter referred to as the "Measures"), the "Administrative Measures for the Registration of Initial Public Offerings of Securities" (CSRC Order No. 205), the "Implementation Rules for the Issuance and Underwriting Business of Initial Public Offerings of Securities on the Shenzhen Stock Exchange (2026 Revision)" (SZSE Letter [2026] No. 552) (hereinafter referred to as the "Business Implementation Rules"), the "Implementation Rules for Online Issuance of Initial Public Offerings of Securities in the Shenzhen Market (2018 Revision)" (SZSE Letter [2018] No. 279), and the "Implementation Rules for Offline Issuance of Initial Public Offerings of Securities in the Shenzhen Market (2025 Revision)" (SZSE Letter [2025] No. 224). It also complies with the "Rules for Underwriting Business of Initial Public Offerings of Securities" (CAS No. [2023] 18), the "Rules for Offline Investors in Initial Public Offerings of Securities" (CAS No. [2025] 57), and the "Guidelines for Classification and Evaluation of Offline Investors in Initial Public Offerings of Securities" (CAS No. [2024] 277) issued by the China Securities Association. Investors are advised to pay attention to any changes in relevant regulations.
The Offering price of RMB 26.33 per share corresponds to a diluted earnings per share (EPS) of 19.80 times for the Issuer's net profit attributable to the parent company after deducting non-recurring items in 2025. This is lower than the weighted average P/E ratio of 27.98 times for the "Chemical Raw Materials and Chemical Products Manufacturing (C26)" industry published by Wind Information on August 14, 2026 (T-4 day), and lower than the weighted average P/E ratio of 45.02 times for comparable listed companies based on their net profit attributable to the parent company after deducting non-recurring items in 2025. However, there is still a risk of investors incurring losses due to a potential decline in the Issuer's stock price after the Offering. The Issuer and the Sponsor (Underwriter) remind investors to carefully consider the reasonableness of the Offering price and make rational investment decisions.
The Issuer and the Sponsor (Underwriter) specifically remind investors to pay attention to the following:
- This Offering will be conducted through a combination of strategic placement to investors who participate in strategic allocation (hereinafter referred to as "Strategic Placement"), offline inquiry-based allocation to qualified offline investors (hereinafter referred to as "Offline Issuance"), and online fixed-price allocation to public investors holding non-tradable A shares and depository receipts in the Shenzhen market (hereinafter referred to as "Online Issuance").