Venture(US:VEMLY) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-08 23:06Core Viewpoint - Honggong Technology Co., Ltd. has received approval for its initial public offering (IPO) of RMB ordinary shares (A-shares) and will be listed on the ChiNext board, with the issuance price set at RMB 26.60 per share and a total of 20 million shares to be issued [1][2]. Group 1: Issuance Details - The issuance will be conducted through a combination of strategic placement, offline pricing for qualified investors, and online issuance for public investors holding non-restricted A-shares and non-restricted depositary receipts [1]. - The final number of shares allocated to the employee strategic placement plan is 1,793,232 shares, accounting for approximately 8.97% of the total issuance [2]. - The initial strategic placement was set at 4 million shares, which was later adjusted to a final allocation of 3,372,178 shares, representing about 16.86% of the total issuance [3]. Group 2: Subscription and Payment - Investors must ensure that subscription funds are fully received by the specified deadline; failure to do so will result in the invalidation of their allocation [4][5]. - The online issuance will have no restrictions on circulation, while the offline portion will have a 10% lock-up period of 6 months from the listing date [6]. - If the total subscription falls below 70% of the adjusted issuance amount, the IPO will be suspended, and reasons for the suspension will be disclosed [7]. Group 3: Subscription Statistics - The online issuance received 11,041,283 valid applications, totaling 4,465,616,750 shares, with a total of 89,312,335 allocation numbers generated [8]. - The initial effective subscription multiple for the online issuance was 9,303.36, leading to a decision to implement a mechanism to reallocate shares from offline to online [9]. - After the reallocation, the final online issuance quantity is 812,600,000 shares, with a lottery winning rate of 0.0181968146% [10]. Group 4: Lottery and Announcement - The lottery for the online subscription will take place on April 9, 2025, with results announced on April 10, 2025 [11].