Core Viewpoint - Beijing Yitang Semiconductor Technology Co., Ltd. is set to conduct an initial public offering (IPO) and list on the Sci-Tech Innovation Board, following the approval from the China Securities Regulatory Commission and the Shanghai Stock Exchange [1][6]. Group 1: IPO Details - The IPO will involve a combination of strategic placement, offline issuance, and online issuance [2][7]. - The stock will be named "Yitang Co., Ltd." with the stock code "688729" for the IPO and "787729" for online subscription [6]. - The initial inquiry period for the IPO is scheduled for June 24, 2025, with a price range of 7.11 to 8.80 yuan per share [7][8]. Group 2: Underwriters - Guotai Junan Securities Co., Ltd. and China International Capital Corporation are the joint lead underwriters for this IPO [2][9]. - The underwriters will manage the strategic placement and the inquiry process for offline and online subscriptions [2]. Group 3: Investor Participation - A total of 247 offline investors submitted 6,203 inquiries, with a total proposed subscription of 38,429,590 shares [7]. - After excluding invalid bids, 6,159 valid bids remained, with a total proposed subscription of 38,214,000 shares [8].

Core Viewpoint - The Supervisory Board of Hangzhou Changchuan Technology Co., Ltd. confirms that the company is qualified to issue A-shares to specific targets in 2025, aligning with relevant laws and regulations [2][3][4]. Group 1: Legal Compliance and Feasibility - The issuance plan complies with the Company Law, Securities Law, and Registration Management Regulations, and is deemed reasonable and feasible based on the company's industry status, operational conditions, and funding needs [2][3]. - The feasibility and necessity of the issuance plan are supported by a comprehensive analysis report, which aligns with the company's development strategy and benefits all shareholders [3]. Group 2: Fund Utilization and Shareholder Returns - The planned use of funds raised from the issuance adheres to national industrial policies and is beneficial for enhancing the company's competitive capabilities, aligning with long-term development plans [3][4]. - The company has conducted a thorough analysis of the impact on immediate returns and proposed specific measures to mitigate dilution, ensuring compliance with regulatory requirements and protecting investor rights [3][4]. Group 3: Shareholder Return Planning - The company's three-year shareholder return plan (2025-2027) is consistent with regulatory guidelines and emphasizes sustainable development and stable dividend policies, which are designed to protect investor interests [4].

Core Points - Shandong Xintong Electronics Co., Ltd. has received approval for its initial public offering (IPO) and listing on the main board of the Shenzhen Stock Exchange [1][2] - The total number of shares to be issued is 39 million, with a price set at RMB 16.42 per share [1][2] - The IPO will involve a combination of strategic placement, offline issuance, and online issuance [1][2] Strategic Placement - The initial strategic placement quantity is 7.8 million shares, accounting for 20% of the total issuance [2] - The shares allocated to senior management and core employees' asset management plans total 3.806333 million shares, approximately 9.76% of the total issuance [2] - Other strategic investors will receive 3.993667 million shares, about 10.24% of the total issuance [2] Issuance Structure - Before the implementation of the allocation mechanism, the offline initial issuance quantity is 18.72 million shares (60% of the remaining shares), and the online initial issuance quantity is 12.48 million shares (40% of the remaining shares) [2] - The final issuance quantities for both online and offline will be determined based on the allocation mechanism [2][7] Subscription and Payment Process - Investors must ensure that subscription funds are fully paid by June 24, 2025, or their allocation will be invalidated [3][4] - The offline portion has a lock-up period where 90% of the shares will be unrestricted, while 10% will have a 6-month lock-up period [4] - Strategic placement shares have varying lock-up periods: 12 months for management and core employees, and 18 months for other strategic investors [5] Online Subscription Details - The online issuance received 12,761,361 valid applications, with a total of shares applied for being significantly high [6] - Due to the high demand, the allocation mechanism was activated, resulting in 2,496 million shares allocated online and 624 million shares allocated offline after the adjustment [7]

Core Viewpoint - The legal opinion issued by Beijing Jiayuan Law Firm confirms the compliance of China Postal Savings Bank's A-share issuance process and its targeted investors, indicating that all necessary approvals and authorizations have been obtained for the issuance [1][5][17]. Group 1: Approval and Authorization - The internal approvals for the issuance include various resolutions and reports that have been passed by the board and shareholders, confirming the bank's eligibility for the A-share issuance [3][4][11]. - The Ministry of Finance has given its principle consent for the issuance plan, and the Financial Regulatory Bureau has approved the issuance proposal [5][17]. - The Shanghai Stock Exchange has reviewed and found the application for the issuance to meet the necessary conditions [5][17]. - The China Securities Regulatory Commission has granted registration approval for the issuance [5][17]. Group 2: Issuance Objects - The targeted investors for the issuance include the Ministry of Finance, China Mobile Group, and China Shipbuilding Group, with all parties confirming the legality and compliance of their funding sources [6][9][17]. - The issuance involves related party transactions, as both China Mobile Group and China Shipbuilding Group are considered affiliates of the bank [7][9]. Group 3: Issuance Process - The issuance agreements, including the Share Subscription Agreement and Strategic Cooperation Agreement, have been executed and are deemed valid [9][10][17]. - The total number of shares to be issued is 20,933,977,454, which does not exceed 30% of the bank's total share capital prior to the issuance [11][14]. - The issuance price has been adjusted to 6.21 RMB per share, based on the pricing principles established [12][14]. - The total funds raised from the issuance amount to 130 billion RMB, with net proceeds after expenses being approximately 129.96 billion RMB [16][17].

Core Viewpoint - The legal opinion letter issued by Hunan Qiyuan Law Firm confirms that Guangdong Chuangshiji Intelligent Equipment Group Co., Ltd. is eligible to issue shares to specific targets in 2025, complying with relevant laws and regulations [1][18]. Group 1: Approval and Authorization of the Issuance - The shareholders' meeting of the issuer has legally approved the issuance, and the procedures for convening, holding, and voting at the meeting are compliant with laws and regulations [8][9]. - The board of directors has been authorized to handle matters related to this issuance, and this authorization is also deemed legal and effective [8][9]. Group 2: Qualification of the Issuer - The issuer is a legally established and validly existing listed company, possessing the qualifications necessary for this issuance [9]. Group 3: Substantive Conditions for the Issuance - The issuance meets the relevant conditions stipulated in the Company Law, Securities Law, and Registration Management Measures, indicating that the issuer is qualified to issue shares to specific targets [9][10]. - The issuance adheres to the requirement that the stock price is not lower than the par value, which is set at 1.00 yuan per share [10]. Group 4: Independence of the Issuer - The issuer maintains independence in assets, personnel, finance, organization, and business operations, demonstrating a complete business system and the ability to operate independently in the market [12]. Group 5: Major Shareholders and Actual Controllers - The qualifications of the issuer's major shareholders and actual controllers have been verified, ensuring no changes that would affect the issuer's control [12]. Group 6: Related Transactions and Competition - The issuer has disclosed related transactions adequately, ensuring that the prices of these transactions are fair and do not harm the interests of the issuer or other shareholders [13][14]. - There is no existing competition between the issuer and other enterprises controlled by the actual controller, with measures in place to avoid such competition [14]. Group 7: Legal Risks and Compliance - The legal opinion confirms that the issuer's fundraising projects align with national industrial policies and do not pose risks of competition or adversely affect the issuer's independence [18].

北京德恒律师事务所 关于浙江圣达生物药业股份有限公司 向特定对象发行 A 股股票发行过程及认购对象合规性的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话：010-52682888 传真：010-52682999 邮编：100033 北京德恒律师事务所 关于浙江圣达生物药业股份有限公司 向特定对象发行 A 股股票发行过程及认购对象合规性的法律意见 北京德恒律师事务所 关于浙江圣达生物药业股份有限公司 向特定对象发行 A 股股票发行过程及认购对象合规性的 德恒 12F20230213-14 号 法律意见 致：浙江圣达生物药业股份有限公司 根据发行人与本所签订的《专项法律顾问合同》，本所接受发行人的委托担 任其本次向特定对象发行 A 股股票的特聘专项法律顾问，根据《中华人民共和 国证券法》（以下简称"《证券法》"）《中华人民共和国公司法》（以下简称 "《公司法》"）《上市公司证券发行注册管理办法》（以下简称"《发行管理 办法》"）《证券发行与承销管理办法》（以下简称"《承销管理办法》"）《上 海证券交易所上市公司证券发行与承销业务实施细则》 （以下简称"《实施细则》"） 等相关法律、法规和 ...

PAN-CHINA Certifie d Public Accountants 浙江圣达生物药业股份有限公司 天健会计师 事务 所 Pan-China Certified Public Accountants | 目 录 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ………………………………………………………… 一、验资报告 | 1—2 | | | | 页 | | | 第 | | 二、附件 | | | | | 页 | | | ………………………………………………………………第 3—13 | | （一）注册资本及实收股本变更前后对照表 | | | | | | 页 | | ………………………第 3 | | （二）验资事项说明 …………………………………………… | | | | | | 页 | | 第 4—5 | | （三）银行收款单和询证函复印件…………………………… 第 | | | | 页 | | | | 6—8 | | （五）本所执业证书复印件 ……………………………………… | | | | | | 页 ...

Core Viewpoint - The company Yinglite (000635) has seen a slight increase in stock price and has disclosed significant changes in shareholder structure and upcoming fundraising efforts aimed at enhancing its operational capabilities and environmental standards [1][3]. Shareholder Changes - As of June 10, 2025, the number of shareholders for Yinglite is 24,600, a decrease of 351 shareholders or 1.41% compared to May 30, 2025 [1][3]. Company Announcements - Yinglite's application for a private placement of A-shares has been approved by the China Securities Regulatory Commission, with a total fundraising amount not exceeding 700 million yuan. The funds will primarily be used for projects including a technical transformation project for an annual production of 300,000 tons of calcium carbide [1][3]. - The issuance aims to optimize the company's industrial chain, enhance green environmental standards, and strengthen core competitiveness [1].

联席保荐人及联席主承销商 关于中国银行股份有限公司向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 上海证券交易所： 中国银行股份有限公司（简称"中国银行"或"发行人"）向特定对象发行 A 股股票（简称"本次发行"）已于 2025 年 5 月 23 日收到中国证券监督管理委 员会（简称"中国证监会"）出具的《关于同意中国银行股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2025〕1079 号），同意发行人本次向特 定对象发行股票的注册申请。 中银国际证券股份有限公司（简称"中银证券"）、中信证券股份有限公司 （简称"中信证券"，与中银证券合称"联席保荐人（联席主承销商）"）作为 中国银行本次发行的联席保荐人（联席主承销商），国泰海通证券股份有限公司、 华泰联合证券有限责任公司、中国国际金融股份有限公司、中信建投证券股份有 限公司（以下与中银证券、中信证券合称"联席主承销商"）作为本次发行的联 席主承销商，根据《中华人民共和国公司法》（简称"《公司法》"）、《中华 人民共和国证券法》（简称"《证券法》"）、《证券发行与承销管理办法》（简 称"《承销管理办法》"）、《上市公司证券发行注册管理办 ...

Fundraising Plan - The company plans to raise a total of up to 385.135 million yuan through a private placement of A-shares, which will be used to supplement working capital and repay loans after deducting issuance costs [1][2] Necessity and Feasibility of Fundraising - The necessity of the fundraising is highlighted by the company's core business of providing centralized heating for industrial parks, which has seen good growth due to increasing demand and economic development in recent years [1][2] - The company has relied on external financing, primarily bank loans, to meet its funding needs, with short-term loan balances increasing from 160.3365 million yuan to 302.6775 million yuan over the past three years [2] - The fundraising will enhance the company's financial strength, increase total assets and net assets, reduce the debt-to-asset ratio, and improve the capital structure [2][5] Impact on Company Control and Market Confidence - The entire subscription of the new shares will be made by the controlling shareholder, Nanchang Baitong Environmental Technology Co., Ltd., which will increase the control ratio of the actual controller, Zhang Chunlong, thereby stabilizing company control [3] - This move reflects the controller's confidence in the company's future, which is expected to boost market confidence and recognition of the company's value [3] Management of Raised Funds - The company has established a fundraising management system in compliance with regulatory requirements, ensuring proper storage, usage, and supervision of the raised funds [4] Impact on Financial Status - The issuance will lead to an increase in total assets and net assets, improve liquidity ratios, and enhance short-term debt repayment capacity [5] - Although there may be a temporary dilution of net asset return and earnings per share due to the increase in total shares, the long-term operational capacity is expected to strengthen with the effective use of raised funds [5] Regulatory Compliance - The fundraising does not involve any project approval matters such as environmental impact assessments, thus avoiding the need for additional regulatory approvals [5] Conclusion on Feasibility - The fundraising plan is deemed necessary and feasible, aligning with relevant laws and regulations, and is expected to meet the company's funding needs while enhancing overall strength and profitability [5]