Zhongtai Securities(SH:600918) Zheng Quan Zhi Xing·2025-08-05 16:33Summary of Key Points Core Viewpoint - The report outlines the verification opinions of Zhongtai Securities Co., Ltd. regarding the listing and circulation of certain pre-IPO shares of Jian Mankun Technology Co., Ltd. on the ChiNext board, detailing the share issuance and lock-up commitments of shareholders [1][2][3]. Group 1: Share Issuance and Structure - Jian Mankun Technology Co., Ltd. issued 36,870,000 shares at an issuance price of RMB 26.80 per share, with a total share capital of 147,470,000 shares post-IPO [1][2]. - The share structure post-IPO includes 34,967,700 unrestricted shares (23.71% of total) and 112,502,300 restricted shares (76.29% of total) [2][3]. Group 2: Lock-up Commitments - Shareholders have committed to not transferring or managing their pre-IPO shares for 36 months post-listing, with specific conditions for share reduction after the lock-up period [4][5]. - If the share price falls below the issuance price for 20 consecutive trading days, the lock-up period will automatically extend by six months [4][5]. Group 3: Shareholder Compliance and Responsibilities - Shareholders must repurchase any shares sold in violation of their commitments within ten trading days, with penalties for non-compliance including extending the lock-up period by three months [5][6]. - In case of any fraudulent issuance or significant omissions in disclosures, shareholders are obligated to repurchase shares at the issuance price plus interest [12][13]. Group 4: Future Share Circulation - The release date for the restricted shares is set for August 11, 2025, with a total of 102,014,000 shares (68.89% of total share capital) being released [26][27]. - The shareholders involved in this release include multiple investment management partnerships, with specific commitments to adhere to lock-up agreements [26][27].