Zheng Quan Zhi Xing·2025-08-12 10:08Summary of Key Points Core Viewpoint The report outlines the process and compliance of the share transfer of Dongguan Dingtong Precision Technology Co., Ltd. (Dingtong Technology) from its shareholder to specific institutional investors through a price inquiry method, ensuring adherence to relevant regulations and fairness in the transaction. Group 1: Overview of the Share Transfer - The transfer involves a maximum of 4,176,000 shares from Dongguan Dinghong Junsheng Investment Co., Ltd. [1] - The shareholding structure and the proportion of shares held by the transferor as of July 31, 2025, are detailed [1]. - The transfer method is compliant with the Shanghai Stock Exchange's guidelines for inquiry transfers [1]. Group 2: Pricing and Allocation Principles - The price floor for the share transfer was determined based on the shareholder's financial needs and is not lower than the specified guidelines [2]. - The pricing determination follows a competitive bidding process, prioritizing subscription price, quantity, and submission time [2][3]. - If the total valid subscriptions meet or exceed 4,176,000 shares, the minimum subscription price will set the transfer price [3]. Group 3: Transfer Process and Participation - A total of 422 institutional investors received the subscription invitation, including various types of investment firms [4][5]. - During the subscription period, 13 valid bids were received, leading to the initiation of an additional subscription process [6]. - The final transfer price was set at 76.72 yuan per share, with a total transaction amount of 320,382,720 yuan [6]. Group 4: Compliance and Verification - The transfer process was verified to be legal and compliant with multiple regulatory frameworks, ensuring fairness and transparency [8][13]. - Both the transferor and the transferees were assessed for their qualifications, confirming adherence to the relevant guidelines [10][11]. - The report concludes that the entire inquiry transfer process met the regulatory requirements and was conducted fairly [13].