Zheng Quan Zhi Xing·2025-07-28 16:27Core Viewpoint - The report outlines the verification opinion of CITIC Securities regarding the listing and circulation of restricted shares for Zhongwei Semiconductor (Shenzhen) Co., Ltd., which will occur after the expiration of the lock-up period on August 5, 2025 [1][2]. Summary by Sections 1. Type of Restricted Shares - The restricted shares being listed are part of the initial public offering (IPO) with a total of 63,000,000 shares issued at a price of 30.86 RMB per share, resulting in a total share capital of 400,365,000 shares. The restricted shares account for 346,424,749 shares (86.53% of total shares), while unrestricted shares are 53,940,251 shares (13.47% of total shares) [1]. 2. Lock-up Period and Shareholder Information - The lock-up period for the restricted shares is 36 months from the date of listing, with a total of 5 shareholders holding 21,285,000 shares, which represents 5.32% of the total share capital. The lock-up period will end on August 5, 2025 [2]. 3. Changes in Share Capital - There have been no changes in the company's share capital since the formation of the restricted shares [2]. 4. Commitments Related to Restricted Shares - Shareholders have committed not to transfer or manage the restricted shares for 36 months post-listing. They also agreed to comply with regulations regarding the reduction of shares, limiting sales to 1% of total shares in any 90-day period for regular trading and 2% for block trades [3][4]. 5. Listing Details of Restricted Shares - The total number of restricted shares to be listed is 21,285,000, with the listing date set for August 5, 2025 [4][6]. 6. Verification Opinion - CITIC Securities confirms that the shareholders have adhered to their commitments regarding the restricted shares, and the listing complies with relevant laws and regulations [6].