董事會提名委員會工作細則 第一章 總則 第一條 為規範大行科工（深圳）股份有限公司（下稱「公司」）董事及高級管理人員 的產生，優化董事會組成，完善公司治理結構，根據《中華人民共和國公司法》（下 稱「《公司法》」）《中華人民共和國證券法》《香港聯合交易所有限公司證券上市規則》 （下稱「《香港上市規則》」）及公司股票上市地證券監管機構和證券交易所的相關監管 規則等有關法律法規以及公司章程（下稱「《公司章程》」），公司特設立董事會提名委 員會（下稱「提名委員會」或「委員會」），並制定本工作細則。 第二條 提名委員會是董事會下設的專門工作機構，主要職責是對公司董事（包括 獨立非執行董事）、總經理及其他高級管理人員的選擇、選擇標準和程序向董事會 提出意見和建議。 第三條 本細則所稱董事是指包括獨立非執行董事在內的由股東大會選舉產生的全 體董事；高級管理人員（高管人員）是指董事會聘任的總經理、副總經理、董事會秘 書、財務負責人、法律法規、公司股票上市地證券監管機構和證券交易所的相關監 管規則及《公司章程》規定的其他高級管理人員。 第二章 人員組成 第四條 提名委員會成員由三名或以上的董事組成，獨立非執行董事應過半數，至 ...

大行科工（深圳）股份有限公司 董事會審計委員會工作細則 第一章 總則 第五條 審計委員會設召集人一名，由具備適當的會計或相關的財務管理專長的獨 立非執行董事擔任，負責召集並主持委員會工作；召集人在委員內選舉產生。 第一條 為強化大行科工（深圳）股份有限公司（以下簡稱「公司」）董事會（以下簡稱 「董事會」）決策功能，做到事前審計、專業審計，確保董事會對經理層的有效監督， 完善公司治理結構，根據《中華人民共和國公司法》《上市公司治理準則》《上市公司 獨立董事管理辦法》《香港聯合交易所有限公司證券上市規則》（以下簡稱「《香港上市 規則》」）等法律法規及公司章程相關規定，公司特設立董事會審計委員會（以下簡稱 「審計委員會」或「委員會」），並制定本工作細則。 第二條 審計委員會是董事會設立的專門工作機構，主要負責公司內、外部審計的 溝通、監督和核查工作。 審計委員會對董事會負責，委員會的提案提交董事會審議決定。 監事應當對審計委員會的執行情況進行監督，檢查其成員是否按照本議事規則履行 職責。 第二章 人員組成 第三條 審計委員會由三名或以上的不在公司擔任高級管理人員的董事組成，成員 應當為單數，所有委員必須為非執行董事 ...

（首次公開發行H股後適用） – 1 – 大行科工（深圳）股份有限公司 章程 | 第一章 | 總則 | | | | | | | | | | | | | | | | | | | 3 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第二章 | 經營宗旨和範圍 | | | | | | | | | | | | | | | | | | | 5 | | 第三章 | 股份和註冊資本 | | | | | | | | | | | | | | | | | | | 5 | | 第四章 | 股東和股東會 | | | | | . | . | . | . | . | . | . | . | . | . | . | . | . | . | 11 | | 第五章 | 董事會 | | | | | | | | . | . | . | . | . | . | . | . | . | . | . | 38 | | 第六章 | 總經理及其他 ...

Group 1 - The core point of the news is the significant oversubscription of Dahang Kegong's IPO, which reached a record 6688 times, indicating strong market interest and demand for the stock [2][4]. - Dahang Kegong's IPO was priced at HK$49.50, with a minimum subscription of 100 shares, resulting in a market value of HK$4,950 per lot [2]. - The allocation results showed that the probability of winning a lottery for the "A" group was approximately 20%, while for the "B" group, it was about 10%, indicating a preference for the "A" group in the allocation process [2][3]. Group 2 - The total fundraising amount for Dahang Kegong was HK$392 million, with a public offering amount of only HK$39.2 million, leading to a massive subscription of HK$262.2 billion [4]. - Dahang Kegong operates in the niche market of folding bicycles and has maintained a revenue and net profit growth rate of over 30%, with a forward valuation of 27 times, which is considered reasonable [5]. - The company faces concerns regarding its future growth potential due to its focus on a niche consumer product and the age of its founder, who is 84 years old [5].

Core Viewpoint - Daheng Technology (Shenzhen) Co., Ltd. is preparing for its IPO on September 9, 2025, with a share price of HKD 49.5 and a total fundraising amount of HKD 392 million [3]. Financial Performance - Daheng Technology reported revenues of RMB 254.19 million, RMB 300.16 million, and RMB 450.72 million for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of RMB 77.93 million, RMB 101.49 million, and RMB 148.75 million [10][11]. - For the first four months of 2025, the company achieved revenues of RMB 184.74 million, up from RMB 125.75 million in the same period of 2024, with a profit of RMB 21.53 million compared to RMB 12.73 million in the previous year [11][12]. Shareholder Structure - Prior to the IPO, Dr. Han Dewei controlled 90.16% of the shares, while post-IPO, his ownership will decrease to 67.61% [15][23]. - Key cornerstone investors include Allianz Global Investors Asia Pacific, Greater Bay Area Fund Management, Harvest, and Weico Hong Kong, with a total subscription amount of USD 12.76 million [4][5]. Product and Market Strategy - Daheng Technology specializes in folding bicycles and has expanded its product range to include road bikes, mountain bikes, children's bikes, and electric assist bikes [6][10]. - The company’s online sales reached RMB 100.16 million in 2024, accounting for 22.2% of total revenue, indicating a strong digital sales strategy [12][13]. Management Team - The executive directors include Dr. Han Dewei, Ms. Li Guiyu, Ms. Liu Guocun, and Ms. Li Xiufen, with independent non-executive directors including Dr. Li Lisheng, Mr. Liu Xuequan, and Mr. Zhao Gensheng [17][18].

Group 1 - The core point of the article is the record-breaking oversubscription of Dahang Kegong's IPO, which reached 6688 times, making it the new "super subscription king" in the Hong Kong stock market [1][2] - Dahang Kegong is the largest folding bicycle company in mainland China, founded by Dr. Han Dewei in 1982, with a diverse product line including folding bikes, road bikes, mountain bikes, and electric assist bikes [2][4] - The company holds a significant market position, with a retail volume share of 26.3% and a retail value share of 36.5% in the Chinese folding bicycle market, and a global retail volume share of 6.2% [4] Group 2 - The IPO price for Dahang Kegong is set at HKD 49.5 per share, with a total market capitalization of HKD 1.568 billion and a fundraising target of HKD 392 million [5] - The strong demand for the IPO is attributed to the company's leading position in a niche market, high growth performance, and reasonable valuation, supported by cornerstone investors who subscribed for approximately USD 12.76 million, accounting for about 25% of the total fundraising [7] - Historical analysis shows that while high oversubscription rates indicate short-term market enthusiasm, they do not necessarily reflect long-term investment value, as many past "super subscription kings" have experienced significant declines post-IPO [8][14]

Group 1 - The company, Daxing Kegong, has successfully completed its IPO subscription with a total subscription amount of approximately HKD 262.19 billion, significantly exceeding the initial fundraising target of HKD 39.2 million, resulting in an oversubscription of over 6,688 times, making it the "super subscription king" in new stock history [1] - Daxing Kegong plans to issue 7.92 million H-shares, with 10% allocated for public offering, at a price of HKD 49.5 per share, aiming to raise approximately HKD 390 million [1] - The company has secured cornerstone investors including Allianz Global Investors Asia Pacific, Greater Bay Area Fund Management, and others, collectively subscribing for approximately USD 12.76 million [1] Group 2 - Daxing Kegong is the largest folding bicycle manufacturer in mainland China, holding the top position in both retail volume and retail value in the folding bicycle market, with a market share of 26.3% by volume and 36.5% by value for 2024 [2] - The company holds the most patents in the Chinese folding bicycle industry, with 113 valid patents in mainland China and 22 valid patents in the US, Europe, and Japan as of April 30, 2025 [2] - Daxing Kegong has established a comprehensive and efficient sales and distribution network, collaborating with 38 distributors across 30 provincial-level administrative regions in China, covering 680 retail points, and has expanded its online presence on major e-commerce and social media platforms [2]

Group 1 - The company, Daxing Kegong, has successfully completed its IPO subscription with a total subscription amount of approximately HKD 262.19 billion, achieving an oversubscription rate of over 6,688 times, making it the "super subscription king" in new stock history [1] - The company plans to issue 7.92 million H-shares at a price of HKD 49.5 per share, aiming to raise approximately HKD 390 million [1] - The company has introduced cornerstone investors including Allianz Global Investors Asia Pacific and others, collectively subscribing approximately USD 12.76 million [1] Group 2 - Daxing Kegong is the largest folding bicycle manufacturer in mainland China, holding a market share of 26.3% in retail volume and 36.5% in retail value as of 2024 [2] - The company holds the most patents in the folding bicycle industry in China, with 113 valid patents in mainland China and 22 valid patents in the US, Europe, and Japan as of April 30, 2025 [2] - The company has established a comprehensive sales and distribution network, collaborating with 38 distributors across 30 provincial administrative regions in China, covering 680 retail points and expanding into major e-commerce and social media platforms [2]

| 新股 | 券商 | 子展(亿港元) | 息率(%) | | --- | --- | --- | --- | | 大行科工(02543) | 富余 | 859.00 | 0.00 | | | 辉立 | 345.00 | 0.00 | | | 耀才 | 86.00 | 0.00 | | | 信诚 | 60.00 | 0.00 | | | 化成 | 42.90 | 0.00 | | | 18 | 11.02 | 0.00 | | | 艾德 | 1.797 | 0.00 | | | | 1.50 | 0.00 | | | 其他总和 | 290.8426 | | | | 共计 | 1698.0596 | | | | | 集资额: 0.39亿港元 | | | | | 认购: 超额逾4352倍 | | 智通财经APP获悉， 大行科工(02543)正在招股中。截止9月3日，富途、辉立、耀才等券商合计为大行科工借出1698.0596亿港元，超购逾 4352倍。 ...

Investment Rating - The investment rating for the company is 6.1 out of 10, based on operational performance, industry outlook, valuation, and market sentiment [7]. Core Insights - The company is the largest folding bicycle manufacturer in mainland China, holding a market share of 26.3% by retail volume and 36.5% by retail value as of 2024 [1]. - The company has shown rapid growth, with a compound annual growth rate (CAGR) of 24.1% in sales from 2022 to 2024, and a significant increase in net profit by 69.3% year-on-year as of April 2025 [2]. - The folding bicycle market in China is expected to grow at a CAGR of 14.5% from 2024 to 2029, which is higher than the global average [3][10]. Company Overview - The company was founded in 1982 by Dr. Han Dewei and has a strong brand presence with popular models like the P8 [1]. - As of April 2025, the company collaborates with 38 distributors across 30 provinces in China, covering 680 retail points and has expanded its online sales channels [1]. - The product mix is primarily mid-range, with 69.5% of revenue coming from products priced between 2500-5000 RMB [1]. Financial Performance - Sales figures for the company were 148,956 units in 2022, 156,877 units in 2023, and projected 229,525 units in 2024, indicating a strong growth trajectory [2]. - Revenue for the same years was 254.2 million RMB in 2022, 300.2 million RMB in 2023, and projected 450.7 million RMB in 2024, with a CAGR of 33.1% [2]. - The gross profit margin has remained stable at around 33% as of April 2025 [2]. Industry Status and Outlook - The global bicycle market is projected to reach 178 million units in retail volume by 2024, with a CAGR of 1.7% from 2019 to 2024 [3]. - The folding bicycle segment is expected to grow significantly, with a projected retail volume of 3.7 million units and a retail value of 23.1 billion RMB in 2024 [3]. - Key drivers for market growth include urbanization, innovation in folding bicycle design, and increasing consumer preference for eco-friendly products [3]. Strengths and Opportunities - The company is recognized as a leading player in the folding bicycle industry with strong technical innovation and a diverse product portfolio [4]. - It has established a robust multi-channel sales and distribution network, enhancing its market reach [4]. - The management team is experienced and international, contributing to the company's strategic growth [4]. Use of Proceeds - Approximately 30% of the net proceeds from the IPO will be used for modernizing production systems and expanding operational scale [6]. - Another 30% will be allocated to strengthening the distribution network and strategic brand development [6]. - The remaining funds will support research and development capabilities and general corporate purposes [6].