Zheng Quan Zhi Xing·2025-08-14 16:38Core Viewpoint - The report outlines the verification opinions of CITIC Construction Investment Securities Co., Ltd. regarding the listing and circulation of restricted shares for Jiangsu DiAo Microelectronics Co., Ltd. after its initial public offering on the Sci-Tech Innovation Board [1][5]. Group 1: Restricted Shares Listing - The restricted shares being listed for circulation are part of the initial public offering, with a lock-up period of 36 months from the date of listing [2]. - A total of 8,000,000 shares will be listed for circulation, representing 3.23% of the company's total share capital, with 4 shareholders involved [2]. - The listing date for these restricted shares is set for August 25, 2025, due to August 23 being a non-trading day [2]. Group 2: Changes in Share Capital - The company has conducted share buybacks using excess funds, with a total of 4,699,148 shares repurchased and subsequently canceled as of October 16, 2024 [2]. - An additional buyback plan was approved, allowing for the repurchase of up to 20 million yuan worth of shares, with a maximum price of 41.68 yuan per share [2]. - The company completed another buyback of 7,265,852 shares by February 20, 2024, and adjusted the purpose of some shares for cancellation rather than employee stock plans [2]. Group 3: Shareholder Commitments - Shareholders of the restricted shares have made commitments regarding the lock-up of their shares, ensuring no transfer or management delegation for 36 months post-listing [3][4]. - The shareholders are liable for any losses incurred by the company or other stakeholders if they fail to adhere to these commitments [4]. - As of the date of the verification opinion, all shareholders have complied with their commitments, allowing for the listing of the restricted shares [4]. Group 4: Verification Opinions - The sponsor institution confirms that the listing and circulation of the restricted shares comply with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [5]. - The institution has no objections to the matters related to the listing of the restricted shares [5].