


Group 1 - The core viewpoint of the news is that CITIC Securities has been entrusted by Zheng Xu, a shareholder of Qingdao Tianneng Heavy Industry Co., Ltd., to organize a price inquiry for the transfer of shares to specific institutional investors before the company's initial public offering [1][2] - CITIC Securities has completed the qualification verification of the transferring shareholder, Zheng Xu, ensuring compliance with relevant regulations and confirming that the shares to be transferred are not subject to any restrictions such as pledges or judicial freezes [2][4] - The inquiry transfer is in accordance with the guidelines set forth in the "Inquiry Transfer and Allocation Guidelines" and has undergone necessary review or approval procedures as required [3][4] Group 2 - Zheng Xu is a Chinese national without permanent residency abroad, and has not violated any regulations regarding share reduction or holding period commitments [2][3] - The shares intended for transfer are pre-IPO shares, and Zheng Xu is not a controlling shareholder or actual controller of Tianneng Heavy Industry [2][3] - The stock price of Tianneng Heavy Industry has not fallen below the initial public offering price during the last 20 trading days, indicating a stable market condition for the inquiry transfer [3]