Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2024-10-30 18:58Core Viewpoint - The article outlines the regulatory requirements and procedures for investors participating in the offline issuance of shares for Shenzhen Yilian Technology Co., Ltd, emphasizing the importance of compliance with asset scale limits and the consequences of non-compliance [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16]. Group 1: Regulatory Compliance - Investors must adhere to industry regulations and ensure that their subscription amounts do not exceed the lower of their total assets before inquiry or the total assets at the end of the previous month [1][2]. - Investors are required to confirm their asset scale before entering the initial inquiry stage, ensuring that their proposed subscription amount does not exceed their asset scale [1][2]. - The responsibility for the accuracy and truthfulness of the asset scale information lies with the investors, who must ensure compliance with the asset scale limits [2][3]. Group 2: Subscription Process - The offline subscription date is set for November 8, 2024, with specific time slots for both offline and online subscriptions [7]. - Investors must submit their subscription funds by November 12, 2024, and any failure to do so will result in the forfeiture of their subscription [8][9]. - The initial strategic placement will account for 20% of the total issuance, with specific allocations for management and related parties [14][15]. Group 3: Pricing and Allocation - The pricing of the shares will be determined based on the inquiry results, with a maximum of 3% of the highest bids being excluded from the final pricing [3][4]. - The final issuance quantity will be adjusted based on the subscription results, with a mechanism in place to balance the offline and online offerings [15]. - The issuance will be subject to a median and weighted average price analysis to ensure it aligns with market conditions and investor expectations [4][5]. Group 4: Market and Investment Risks - The company operates in the "Computer, Communication, and Other Electronic Equipment Manufacturing" industry, which is characterized by high investment risks and volatility [11][13]. - Investors are advised to thoroughly understand the risks associated with investing in the growth-oriented market of the ChiNext board, including potential fluctuations in stock prices [11][12].