Venture(US:VEMLY) Shang Hai Zheng Quan Bao·2025-09-10 18:40Core Viewpoint - Yunhan Chip City (Shanghai) Internet Technology Co., Ltd. is preparing for its initial public offering (IPO) and listing on the ChiNext board, following the regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange [1][2]. Group 1: Issuance Process - The issuance will be conducted through a combination of strategic placement, offline inquiry placement, and online issuance to public investors holding non-restricted A-shares and depository receipts [2][3]. - The strategic placement will involve the company's senior management and core employees participating through a special asset management plan, along with potential investments from subsidiaries of the sponsor [3][4]. - The pricing for the offline issuance will be determined directly through preliminary inquiries, eliminating the need for cumulative bidding [5]. Group 2: Investor Participation - The offline issuance targets qualified investors as defined by the relevant regulations, ensuring compliance with the guidelines set forth by the China Securities Association [5]. - The total number of shares allocated to strategic placement investors, subscription amounts, and their proportion of the total issuance will be disclosed in the official issuance announcement [4].