Zheng Quan Zhi Xing·2025-07-30 16:25Core Viewpoint - The report outlines the verification opinion of CITIC Construction Investment Securities Co., Ltd. regarding the listing and circulation of certain shares of Shenzhen Jiangbolong Electronics Co., Ltd. prior to its initial public offering, confirming compliance with relevant regulations and shareholder commitments [1][5][24]. Summary by Sections 1. Basic Situation of the Restricted Shares Release - The company received approval from the China Securities Regulatory Commission for the initial public offering of 42 million shares, which were listed on August 5, 2022, increasing the total share capital from 370,864,254 shares to 412,864,254 shares [1][2]. 2. Changes in Share Capital Post-Issue - Following the issuance, the company’s total share capital increased to 415,981,564 shares after the registration of 3,117,310 shares for incentive objects, with further increases expected from additional share registrations in 2025 [2][3]. 3. Shareholder Commitments for Restricted Shares Release - A total of 16 shareholders applied for the release of restricted shares, committing not to transfer or manage their shares for 36 months post-listing and adhering to specific reduction limits thereafter [3][4][5]. 4. Listing and Circulation Arrangement for Restricted Shares - The total number of restricted shares to be released is 300,000,000, representing 71.5742% of the total share capital, with specific shareholders listed [20][23]. 5. Changes in Share Capital Structure Post-Release - After the release of restricted shares, the company’s share structure will reflect a significant increase in the proportion of circulating shares, with 419,145,267 total shares post-release [23][24]. 6. Verification Opinion of the Sponsor - The sponsor confirms that the release of restricted shares complies with relevant regulations and that shareholders have adhered to their commitments, ensuring accurate and complete information disclosure [24].