Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-08-10 13:14Core Viewpoint - The legal opinion letter confirms that Guangdong Provincial Architectural Science Research Institute Group Co., Ltd. has obtained all necessary approvals and authorizations for its initial public offering (IPO) and listing on the Shenzhen Stock Exchange's Growth Enterprise Market [6][8][12]. Group 1: Approval and Authorization - The company received approval and authorization from its board of directors and shareholders for the IPO on May 8, 2021, and extended the validity of these approvals on May 12, 2023, and June 2, 2023 [6][7]. - The Shenzhen Stock Exchange's Listing Review Committee has approved the company's listing application, confirming that it meets the issuance and listing conditions [7][8]. - The China Securities Regulatory Commission (CSRC) granted registration approval for the IPO, which is valid for 12 months from the date of approval [7][8]. Group 2: Company Qualifications - The company holds a valid business license issued by the Guangdong Provincial Market Supervision Administration, confirming its legal establishment and continuous operation for over three years [8][10]. - The total share capital before the IPO is 31.39 million yuan, with plans to issue no more than 10.466 million shares, ensuring that post-IPO capital will not be less than 30 million yuan [10][11]. Group 3: Substantial Conditions for Listing - The company has met the substantial conditions for listing as per the Shenzhen Stock Exchange's rules, including having a positive net profit for the years 2023 and 2024, with cumulative net profit not less than 50 million yuan [11][12]. - The company has appointed China Merchants Securities Co., Ltd. as the sponsor for the IPO, which holds the necessary qualifications to act as a sponsor [12]. Group 4: Public Commitments - The company and its controlling shareholders, directors, supervisors, and senior management have made relevant commitments regarding the IPO, ensuring compliance with legal regulations [12]. Group 5: Overall Conclusion - The legal opinion concludes that the company has obtained all necessary internal approvals, regulatory consents, and meets the legal requirements for the IPO and listing, confirming its eligibility as a publicly listed company [12].