
Core Viewpoint - Jiangxi Aifenda HVAC Technology Co., Ltd. has received approval for its initial public offering (IPO) of up to 21.67 million shares on the ChiNext board, with the underwriting led by Zheshang Securities Co., Ltd. [1][6] Group 1: IPO Details - The IPO will consist of 21.67 million shares, representing 25% of the company's total share capital post-issuance, which will total 86.67 million shares [1] - The initial strategic placement will involve 4.33 million shares, accounting for 20% of the total issuance, with 2.17 million shares allocated to senior management and core employees [2] - The offline initial issuance will be 12.14 million shares, making up 70% of the remaining shares after strategic placement, while the online issuance will be 5.20 million shares, representing 30% [3] Group 2: Issuance Mechanism - The issuance will utilize a combination of strategic placement, offline pricing inquiries, and online pricing for public investors holding non-restricted A-shares [1][2] - The final allocation of shares between offline and online issuance will be determined based on the results of the strategic placement and will be announced on September 3, 2025 [3] Group 3: Investor Engagement - The company and the lead underwriter will hold an online roadshow to provide investors with insights into the company's fundamentals and the IPO process [3] - The online roadshow is scheduled for August 29, 2025, from 14:00 to 17:00 [3]