Zheng Quan Zhi Xing·2025-09-01 16:18Core Viewpoint - The report outlines the verification opinion of CITIC Securities regarding the listing and circulation of restricted shares for Shenzhen BGI Intelligent Manufacturing Technology Co., Ltd. (BGI Intelligent) following its initial public offering (IPO) on the STAR Market [1][2]. Summary by Sections 1. Type of Restricted Shares for Listing - The restricted shares being listed are part of the shares held by pre-IPO shareholders, totaling 200,177,511 shares, which accounts for 48.06% of the company's total share capital [2][12]. - The lock-up period for these shares is 36 months, expiring on September 9, 2025 [2]. 2. Changes in Share Capital Since Formation of Restricted Shares - After the IPO, the total share capital of the company was 413,110,000 shares [2]. - Following the exercise of stock options in October 2022, May 2023, and October 2024, the total share capital increased to 416,516,155 shares [3]. 3. Commitments Related to Restricted Shares - Shareholders have made commitments regarding the lock-up and reduction of their holdings, including a commitment not to transfer or manage their shares for 36 months post-IPO [4][5]. - In the event of a reduction in holdings after the lock-up period, the reduction must not exceed 2% of the total shares held in the fourth and fifth fiscal years after the IPO [6][7]. 4. Verification of Compliance - The report confirms that all shareholders holding restricted shares have adhered to their commitments made during the IPO process [11]. - The verification by CITIC Securities indicates that the listing and circulation of restricted shares comply with relevant laws and regulations [12].