Zheng Quan Zhi Xing·2025-08-08 12:13Core Viewpoint - The report outlines the verification opinion of CITIC Construction Investment Securities Co., Ltd. regarding the listing and circulation of restricted shares of Zhejiang Weihua New Materials Co., Ltd. prior to its initial public offering (IPO) and the strategic placement of shares [1][2]. Group 1: Listing Details - The company plans to issue 86.34 million shares at a price of RMB 17.39 per share, with a total share capital of 345,340,000 shares post-IPO, of which 19.60% are restricted shares [1][2]. - The restricted shares to be listed include 17,268,000 shares from strategic placements and 98,220,000 shares from pre-IPO restricted shares, totaling 115,488,000 shares, which represents 33.44% of the company's total share capital [2][3]. Group 2: Lock-up Period and Commitments - The lock-up period for the restricted shares is set for 12 months from the date of the company's stock listing, which is scheduled for August 14, 2025 [2][8]. - Shareholders of the restricted shares have made commitments not to transfer their shares during the lock-up period and to comply with relevant regulations regarding share transfers post-lock-up [3][7]. Group 3: Changes in Share Capital - Since the formation of the restricted shares, there have been no changes in the company's share capital due to distribution or capital increases [2][4]. - The total number of restricted shares will decrease from 276,268,000 to 160,780,000, while the number of unrestricted shares will increase from 69,072,000 to 184,560,000 following the listing [12]. Group 4: Verification Opinion - The sponsor institution confirms that all shareholders of the restricted shares have adhered to their commitments made during the IPO process, and the listing and circulation of these shares comply with relevant regulations [12][13].