Core Viewpoint - The Beijing Stock Exchange has decided to terminate the review of Anhui Xiaoxiao Technology Co., Ltd.'s application for public stock issuance and listing due to the company's withdrawal of its application [1][3]. Company Overview - Anhui Xiaoxiao Technology Co., Ltd. is a high-tech enterprise primarily engaged in the research, development, production, and sales of precision components for automotive transmission and power systems [4]. - The controlling shareholders are Xu Daoyi and Xu Maoyuan, who are father and son. Xu Daoyi holds 21.9 million shares (48.91% of total equity), while Xu Maoyuan holds 100,000 shares (0.22%), together owning 22 million shares (49.13%) [4]. Initial Public Offering Details - The company initially planned to issue up to 9,800,000 shares to unspecified qualified investors, with an option for an overallotment of up to 1,470,000 shares (15% of the total offering) [4]. - The total number of shares intended for issuance, including the overallotment, was not to exceed 11,270,000 shares [4]. Fundraising Objectives - Xiaoxiao Technology aimed to raise 220 million yuan (approximately 22 million) for projects including the industrialization of automotive precision components and the establishment of a research and development center [5][6]. - The total investment for the automotive precision components project was 238 million yuan (approximately 23.8 million), with 189 million yuan (approximately 18.9 million) planned to be funded through the public offering [6].
小小科技终止北交所IPO 原拟募资2.2亿国元证券保荐