Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-09-02 19:14Core 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 a determined issue price of RMB 27.69 per share [1][10]. Group 1: Issuance Details - The IPO will utilize a combination of strategic placement, offline issuance to qualified investors, and online issuance to the public [1]. - The initial strategic placement was set at 4.33 million shares, accounting for 20% of the total issuance, with the final strategic placement amounting to 4.26 million shares, or 19.67% of the total [3][10]. - The final strategic placement included 2.09 million shares from senior management and core employees, representing 9.67% of the total issuance, and 2.17 million shares from other investors, representing 10% [3][10]. Group 2: Subscription and Allocation - The initial offline issuance was 12.21 million shares, making up 70.13% of the total issuance after deducting the final strategic placement [3]. - Due to a high subscription rate of 10,974.57 times, a mechanism was activated to reallocate 348.20 million shares from offline to online issuance, resulting in final allocations of 872.60 million shares offline and 868.25 million shares online [4][12]. - The online issuance has no restrictions on circulation, while 10% of the offline shares will have a six-month lock-up period [7]. Group 3: Payment and Compliance - Investors must ensure that subscription funds are fully received by the specified deadline; otherwise, their allocations will be void [5][6]. - The issuer and underwriter will halt the issuance if the total subscriptions fall below 70% of the available shares after strategic placements [8]. - Any failure to comply with payment obligations will result in penalties, and the underwriter will report such breaches to the relevant authorities [8].