Jiangsu Zhanxin Semiconductor Technology Co., Ltd.
Initial Public Offering of Shares and Listing on the ChiNext Market
Announcement of Preliminary Price Inquiry and Roadshow
Sponsor (Lead Underwriter): Huatai United Securities Co., Ltd.
Special Notice
Jiangsu Zhanxin Semiconductor Technology Co., Ltd. (hereinafter referred to as "Zhanxin Shares", "Issuer", or "Company") is organizing this initial public offering (IPO) and listing on the ChiNext market in accordance with relevant laws, regulations, and self-regulatory rules, including the "Administrative Measures for Securities Issuance and Underwriting" (CSRC Order No. 228), the "Administrative Measures for Registration of Initial Public Offering of Shares" (CSRC Order No. 205), and the "Implementation Rules for Initial Public Offering and Underwriting Business of the Shenzhen Stock Exchange (2026 Revision)" (Shenzhen Stock [2026] No. 552).
The sponsor (lead underwriter) for this offering is Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities", "Sponsor", or "Sponsor (Lead Underwriter)").
The preliminary price inquiry and offline issuance for this offering will be conducted through the Shenzhen Stock Exchange (SZSE) offline issuance electronic platform and the registration and settlement platform of China Securities Depository and Clearing Corporation (CSDC) Shenzhen Branch. Investors are advised to read this announcement carefully. For detailed information regarding the preliminary price inquiry and offline issuance, please refer to the SZSE website (www.szse.cn).
Investors are requested to pay close attention to the offering method, issuance process, clawback mechanism, online/offline subscription and payment, and the handling of abandoned shares. Details are as follows:
- Offering Method: This offering combines targeted placement to strategic investors ("Strategic Placement"), inquiry-based placement to qualified offline investors ("Offline Issuance"), and pricing-based issuance to public investors holding non-restricted A-share market value or non-restricted depository receipts in the Shenzhen market ("Online Issuance").
The strategic placement, preliminary price inquiry, and online/offline issuance are organized by the lead underwriter.
Strategic placement consists of follow-on investments by the sponsor's related subsidiaries (if any), special asset management plans established by the issuer's senior management and core employees, and other strategic investors. If the final offering price exceeds the median and weighted average of offline investor quotes (after excluding the highest quotes) and the median and weighted average of quotes from public funds, social security funds, pension funds, annuity funds, insurance funds, and qualified foreign investor funds (after excluding the highest quotes), the sponsor's related subsidiaries will participate in the strategic placement in accordance with relevant regulations.
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The Issuer and the Sponsor (Lead Underwriter) will determine the offering price directly through the offline preliminary price inquiry; no cumulative bidding will be conducted offline.
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Offline Issuance Target: The target for the offline issuance includes securities companies, fund management companies, futures companies, trust companies, wealth management companies, insurance companies, financial companies, qualified foreign investors, and professional institutional investors such as private fund managers that meet specific requirements.
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Preliminary Price Inquiry: The preliminary price inquiry for this offering will be held on July 21, 2026 (T-4 day) from 9:30 to 15:00. During this period, qualified offline investors may submit subscription prices and intended subscription quantities via the SZSE offline issuance electronic platform.
From 8:30 on the working day before the inquiry (July 20, 2026, T-5 day) to 9:30 on the inquiry day (July 21, 2026, T-4 day), offline investors must submit pricing basis and suggested prices or price ranges via the SZSE offline issuance electronic platform; otherwise, they may not participate in the inquiry.
Investors participating in the ChiNext offline inquiry may submit different quotes for multiple placement objects they manage. Each offline investor may submit a maximum of 3 quotes, and the highest quote must not exceed 120% of the lowest quote. Each placement object is limited to one quote. Once submitted, declarations cannot be fully withdrawn.