Zheng Quan Zhi Xing·2025-06-09 09:18Summary of the Inquiry Transfer Report Core Viewpoint The report outlines the process and results of the inquiry transfer of shares from HCM KW (HK) Holdings to specific institutional investors regarding the children's products company, Kid King. The transfer involves a maximum of 18,930,000 shares, representing approximately 1.5% of the total share capital, and follows the guidelines set by the Shenzhen Stock Exchange. Group 1: Inquiry Transfer Overview - The transfer involves HCM KW (HK) Holdings, which holds shares prior to the company's initial public offering [1][3] - The maximum number of shares to be transferred is 18,930,000, which constitutes 1.5003% of the total share capital [2][3] - The transfer method is through an inquiry transfer to specific institutional investors as per the Shenzhen Stock Exchange guidelines [3] Group 2: Pricing and Allocation Principles - The price floor for the inquiry transfer is set at no less than 70% of the average trading price of Kid King shares over the previous 20 trading days before May 30, 2025 [4][5] - The pricing and allocation will follow a priority system based on subscription price, quantity, and submission time [5][6] - If the total valid subscriptions meet or exceed 18,930,000 shares, the minimum subscription price will be established as the transfer price [4][5] Group 3: Process and Results of the Inquiry Transfer - A total of 407 institutional investors received the subscription invitation, including various types of investment firms [6][7] - During the valid subscription period, 16 effective subscription quotes were received, leading to a determined transfer price of 11.95 yuan per share, totaling 226,213,500 yuan [7][8] - The final allocation involved 15 investment institutions, with the total shares allocated being 18,930,000 [8] Group 4: Compliance and Verification - The inquiry transfer process was verified to be legal and compliant with relevant laws and regulations, ensuring fairness and transparency [9][10] - Both the transferor and transferee qualifications were thoroughly checked, confirming that all parties met the necessary criteria [12][13] - The report concludes that the inquiry transfer adhered to the principles of fairness and compliance with market regulations [13]