Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-05-12 10:28Core Viewpoint - The report outlines the verification opinions regarding the listing and circulation of restricted shares from the offline placement of Hunan Xiangtou Jintian Titanium Industry Technology Co., Ltd.'s initial public offering, confirming compliance with relevant regulations and the fulfillment of lock-up commitments by shareholders [1][5]. Summary by Sections 1. Type of Restricted Shares for Listing - The restricted shares for listing are from the offline placement of the initial public offering, totaling 5,829,694 shares, which represents 1.26% of the company's total share capital post-IPO [1][2]. 2. Changes in Share Capital - Since the formation of the restricted shares, there have been no changes in the company's share capital due to profit distribution or capital reserve transfers [2]. 3. Commitments Related to Restricted Shares - Shareholders of the restricted shares have committed to a lock-up period of 6 months from the IPO date, with 10% of their allocated shares subject to this restriction. All shareholders have adhered to these commitments [2][3]. 4. Details of Restricted Shares for Listing - The total number of restricted shares for listing is 5,829,694, with a listing date set for May 20, 2025. This amount constitutes 1.26% of the company's total share capital [3][4]. 5. Verification Opinions from Sponsoring Institutions - The sponsoring institutions have confirmed that all shareholders of the restricted shares have complied with their lock-up commitments, and the listing and circulation of these shares meet the requirements of relevant laws and regulations [4][5].