Zheng Quan Zhi Xing·2025-08-19 09:14Core Viewpoint - The report outlines the verification opinions of CITIC Construction Investment Securities Co., Ltd. regarding the lifting of restrictions on the circulation of certain shares of Jiangyin Biaobang Auto Parts Co., Ltd. prior to its initial public offering, confirming compliance with relevant regulations [1][10]. Group 1: Initial Public Offering Details - Jiangyin Biaobang Auto Parts Co., Ltd. issued 22.5 million shares at a price of RMB 40.25 per share, with a total share capital of 90 million after the IPO [1]. - The company received approval from the China Securities Regulatory Commission for its initial public offering [1]. Group 2: Share Lock-up and Release - A total of 7.5 million shares, representing 8.33% of the total share capital, were subject to lock-up restrictions, which were disclosed in a public announcement [2]. - The lock-up period for certain shares was extended by 6 months due to the fulfillment of commitment conditions, resulting in a total lock-up period of 42 months [4]. Group 3: Shareholder Commitments - Seven shareholders, including Jiangyin Biaobang Network Technology Co., Ltd. and several individuals, committed not to transfer or manage their shares for 36 months post-IPO [5][6]. - The commitments include restrictions on share transfers and repurchases during the lock-up period [5][6]. Group 4: Share Capital Changes - Following the annual profit distribution and capital reserve conversion, the total share capital increased from 90 million to 117 million shares [3]. - As of the verification date, the total share capital stood at 115,540,973 shares, with 78 million shares under lock-up conditions [4][11]. Group 5: Lifting of Share Restrictions - The lifting of restrictions on 78 million shares is scheduled for August 21, 2025, which will represent 67.51% of the total share capital [10]. - The shareholders involved in the lifting of restrictions have adhered to their commitments during the lock-up period [9]. Group 6: Verification Opinions - The sponsor institution, CITIC Construction Investment, confirmed that the lifting of restrictions on the shares complies with relevant regulations and that the information disclosure is accurate and complete [11].