Chengdu Super Pure Application Materials Co., Ltd.
Special Announcement on Investment Risks for Initial Public Offering and Listing on the ChiNext Market
Sponsor (Lead Underwriter): Huatai Securities Co., Ltd.
Chengdu Super Pure Application Materials Co., Ltd. (hereinafter referred to as 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 initial public offering of RMB ordinary shares (A shares) and listing on the ChiNext Market (hereinafter referred to as the "Offering"). The China Securities Regulatory Commission (hereinafter referred to as the "CSRC") has also approved the registration (CSRC Permit (2026) 1207).
The Issuer and the Sponsor (Lead Underwriter) Huatai Securities Co., Ltd. (hereinafter referred to as "Huatai Securities", "Sponsor (Lead Underwriter)", or "Lead Underwriter") have jointly determined that the number of shares to be issued in this Offering is 25.461539 million shares, accounting for 25.00% of the Company's total share capital after the Offering. All shares are newly issued shares, and no existing shareholders will transfer their shares. The shares offered are intended to be listed on the ChiNext Market of the SZSE.
The offering price of RMB 65.99 per share corresponds to a diluted P/E ratio of 36.38 times based on the lower of the Issuer's net profit attributable to parent company shareholders before and after non-recurring items in 2025. This is lower than the average monthly static P/E ratio of 70.62 times for the "Computer, Communication and Other Electronic Equipment Manufacturing" industry (C39) published by the China Securities Index Co., Ltd. on July 27, 2026 (T-4 days), and lower than the average static P/E ratio of 78.79 times based on the lower of the net profit attributable to parent company shareholders before and after non-recurring items in 2025 for comparable listed companies in the same industry. However, there is still a risk that the Issuer's stock price may fall, leading to losses for investors. The Issuer and the Sponsor (Lead Underwriter) remind investors to pay attention to investment risks, prudently assess the reasonableness of the offering price, and make investment decisions rationally.
The Issuer and the Sponsor (Lead Underwriter) specifically remind investors to pay attention to the following:
- This Offering will be conducted through a combination of strategic placement to investors participating in strategic allocations (hereinafter referred to as "Strategic Placement"), offline inquiry-based placement to qualified investors (hereinafter referred to as "Offline Placement"), and online pricing-based offering to public investors holding Shenzhen market tradable A shares and tradable certificates of deposit with market capitalization (hereinafter referred to as "Online Placement").
The offline placement will be conducted through the SZSE offline placement electronic platform; the online placement will be conducted through the SZSE trading system using the market capitalization-based subscription pricing method.
- After the preliminary inquiry, the Issuer and the Sponsor (Lead Underwriter) will, in accordance with the exclusion rules stipulated in the "Announcement on Preliminary Inquiry and Roadshow for the Initial Public Offering of Chengdu Super Pure Application Materials Co., Ltd. on the ChiNext Market" (hereinafter referred to as the "Preliminary Inquiry and Roadshow Announcement"), exclude all bidding objects that do not meet the requirements. After excluding the quotations from investors that do not meet the requirements, the preliminary inquiry results will be negotiated. Bidding objects with a proposed offering price higher than RMB 66.99 per share (excluding RMB 66.99 per share) will be entirely excluded. Among the bidding objects with a proposed offering price of RMB 66.99 per share, those with a subscription volume of less than 1.9 million shares (excluding 1.9 million shares) will be entirely excluded. A total of 402 bidding objects were excluded in this process, with a total proposed subscription volume of 1.788 billion shares, accounting for approximately 2.9978% of the total proposed subscription volume of 59.6436 billion shares after excluding invalid quotations in the preliminary inquiry. The excluded portion is not eligible for offline or online subscription.