弘业期货: 中信建投证券股份有限公司关于苏豪弘业期货股份有限公司首次公开发行前已发行股份部分解除限售并上市流通的核查意见

Core Viewpoint - The report outlines the approval and conditions for the partial lifting of the lock-up period for shares of Suhao Hongye Futures Co., Ltd., allowing for the circulation of previously issued shares following its initial public offering (IPO) [1][12]. Group 1: Overview of Share Issuance - The company received approval from the China Securities Regulatory Commission for its IPO, issuing 100,777,778 shares, which were listed on August 5, 2022 [1]. - Prior to the IPO, the total share capital of the company was 907,000,000 shares, which increased to 1,007,777,778 shares post-IPO [2]. - The share structure post-IPO includes 758,077,778 domestic A-shares and 249,700,000 overseas H-shares, with 10% of the total share capital being subject to lock-up [2]. Group 2: Shareholder Commitments - Three shareholders applied for the lifting of the lock-up: Jiangsu Suhao Holding Group Co., Ltd., Suhao Hongye Co., Ltd., and Jiangsu Hongye International Logistics Co., Ltd. [3]. - The controlling shareholder, Suhao Holding, committed to not reducing its holdings during the lock-up period and agreed to extend the lock-up if certain conditions regarding share price are met [3][4]. - All shareholders involved in the application have adhered to their commitments made during the IPO process [10]. Group 3: Changes in Share Structure - The number of shares subject to the lifting of the lock-up is 431,642,122, representing 42.83% of the total share capital and 56.94% of the A-share capital [2][11]. - Following the lifting of the lock-up, the share structure will reflect an increase in the number of freely tradable A-shares [11]. - The total share capital remains unchanged at 1,007,777,778 shares, with the distribution of shares post-lifting detailed in the report [11]. Group 4: Verification by Sponsor Institution - The sponsor institution, CITIC Construction Investment Securities Co., Ltd., confirmed that the lifting of the lock-up complies with relevant regulations and that the shareholders have fulfilled their commitments [12]. - The institution found no discrepancies in the information disclosure related to the lifting of the lock-up [12].