
Core Viewpoint - Guangdong Provincial Institute of Architectural Science Group Co., Ltd. has received approval for its initial public offering (IPO) and listing on the ChiNext board, with the underwriting led by China Merchants Securities Co., Ltd. [1][4] Group 1 - The IPO application has been approved by the Shenzhen Stock Exchange's listing review committee and registered by the China Securities Regulatory Commission [1] - Investors must ensure sufficient funds in their accounts by August 5, 2025, to fulfill their subscription obligations, or they will forfeit their rights to the shares [1][2] - If the total number of shares subscribed by both online and offline investors is less than 70% of the final offering amount after deducting strategic placements, the IPO will be suspended [2] Group 2 - The shares offered in the online issuance will have no restrictions on circulation and can be traded immediately upon listing [2] - Investors who fail to pay for shares after winning a subscription three times within 12 months will be barred from participating in future online subscriptions for six months [2][3] - The lottery for the online issuance was conducted fairly and transparently, supervised by a notary public, with a total of 58,609 winning numbers announced [3]