Zheng Quan Zhi Xing·2025-07-24 16:21Core Viewpoint - CITIC Securities is conducting a qualification review for the transfer of shares by a shareholder of Suzhou Yubang New Materials Co., Ltd. to specific institutional investors before the company's initial public offering [1][2]. Group 1: Transfer Delegation - CITIC Securities received a mandate from the selling party, Suzhou Yuzhi Ban Enterprise Management Partnership (Limited Partnership), to organize the inquiry transfer of shares [1]. - The inquiry transfer is in accordance with relevant regulations, including the Interim Measures for the Administration of Shareholders' Reduction of Holdings and the Shenzhen Stock Exchange's self-regulatory guidelines [1][2]. Group 2: Qualification Review Process - CITIC Securities conducted a thorough qualification review of the selling party, which included interviews and document collection [2]. - The selling party provided a commitment letter regarding the qualifications for the inquiry transfer of shares [2][3]. Group 3: Selling Party's Basic Information - Suzhou Yuzhi Ban Enterprise Management Partnership (Limited Partnership) was established on February 6, 2015, and is located in Suzhou [3]. - The partnership is legally registered and has not faced any legal or regulatory issues that would affect its operational status [3][4]. Group 4: Compliance with Regulations - The selling party has not violated any regulations regarding share reduction or holding period commitments [4][5]. - The shares intended for transfer are pre-IPO shares and are not subject to any pledges or judicial freezes [5][6]. - The selling party has fulfilled necessary review or approval procedures for the transfer [5][6]. Group 5: Financial Performance and Stock Price - Suzhou Yubang New Materials has distributed cash dividends exceeding 30% of the average annual net profit attributable to shareholders over the last three audited fiscal years [6]. - The stock price has remained above the net asset value per share and the IPO issuance price during the last 20 trading days [6]. Group 6: Transfer Window Compliance - The inquiry transfer does not fall within the restricted trading periods outlined in the regulations for directors and senior management [6][7]. - The company has confirmed that there are no significant events that could impact stock trading prices before the completion of the inquiry transfer [6][7]. Group 7: Final Review Opinion - CITIC Securities concludes that the selling party meets the qualifications required for the inquiry transfer as per the relevant guidelines and regulations [8].