Core Viewpoint - The article outlines the regulations and procedures for the upcoming IPO of Hanhigh Group Co., Ltd, detailing the requirements for both online and offline investors, including minimum holding values and subscription processes [1][2][3][4][5][6]. Group 1: Investor Eligibility and Subscription Limits - Offline investors must hold non-restricted A-shares and non-restricted depositary receipts with an average daily market value of at least 1 million yuan, while other participating investors must have at least 6 million yuan [1]. - Online investors must have a minimum holding of 10,000 yuan in non-restricted A-shares and depositary receipts to participate in the IPO, with a subscription limit of 500 shares for every 5,000 yuan held [2]. Group 2: Subscription Process and Payment - Both online and offline subscriptions will occur on the same day, July 21, 2025, with specific time slots for each type of subscription [3]. - Investors are not required to pay subscription funds at the time of application, but must ensure sufficient funds are available by July 23, 2025, to fulfill their subscription obligations [4]. Group 3: Allocation and Withdrawal Mechanisms - A mechanism is in place to adjust the allocation between online and offline subscriptions based on demand, which will be determined after the subscription period ends [3]. - If the total number of shares subscribed falls below 70% of the planned issuance, the IPO may be suspended, and reasons for this will be disclosed [5]. Group 4: Compliance and Penalties - Investors who fail to comply with payment obligations or who withdraw from their subscriptions may face penalties, including being reported to the China Securities Association [6]. - Continuous non-compliance by online investors may result in a temporary ban from participating in future IPOs and related securities offerings [6]. Group 5: Company and Underwriter Information - The issuer of the IPO is Hanhigh Group Co., Ltd, with Guotai Junan Securities Co., Ltd serving as the lead underwriter [6].