Zheng Quan Zhi Xing·2025-05-20 13:37Core Viewpoint - CITIC Securities is conducting a qualification review for shareholders of Suzhou Naxin Microelectronics Co., Ltd. regarding the transfer of shares to specific institutional investors before the company's initial public offering [1][2]. Group 1: Transfer Delegation - CITIC Securities has been entrusted by the shareholders of Naxin Micro to organize the inquiry transfer of shares [1]. Group 2: Qualification Review Process - CITIC Securities has completed the qualification review of the transferring shareholders, including interviews and document collection [2]. - The transferring shareholders provided a commitment letter regarding their qualifications for the share transfer [2]. Group 3: Shareholder Qualification Details - Suzhou Naxin No. 1 Information Consulting Partnership (Limited Partnership) is a legally existing entity with no violations of laws or regulations [2][3]. - The partnership has not breached any regulations regarding share reduction and is a concerted actor of Naxin Micro's controlling shareholders [3][4]. - The shares intended for transfer are pre-IPO shares and are not subject to any restrictions such as pledges or judicial freezes [4][5]. Group 4: Compliance with Regulations - The transferring shareholders have adhered to the necessary review and approval procedures for the share transfer [5][6]. - The inquiry transfer complies with the guidelines regarding the reduction of shares by controlling shareholders and their concerted actions [7][8]. Group 5: Financial Health and Stock Performance - Naxin Micro has distributed cash dividends exceeding 30% of the average annual net profit attributable to shareholders over the last three audited fiscal years [7]. - The stock price has remained above the net asset value per share and the initial public offering price during the last 20 trading days [7][8]. Group 6: Timing of Transfer - The inquiry transfer does not fall within the restricted periods outlined in the guidelines, ensuring compliance with reporting schedules [8][9]. - There are no significant events that could impact the stock price during the inquiry transfer process [9]. Group 7: Final Review Opinion - CITIC Securities concludes that the transferring shareholders meet the qualifications required by the guidelines and there are no prohibitive circumstances regarding the share transfer [10].