Core Viewpoint - The announcement details the lifting of restrictions on 211,680,000 shares of Shengtong Energy, representing 75% of the company's total share capital, following the completion of the lock-up period for certain shareholders [1][21]. Group 1: Share Issuance and Capital Changes - The company had a total share capital of 90,000,000 shares before its initial public offering (IPO) and issued an additional 30,000,000 shares during the IPO, bringing the total to 120,000,000 shares [1]. - Following a capital reserve increase approved in 2023, the total share capital rose to 168,000,000 shares after a 10-for-4 bonus share distribution [2]. - In 2024, another capital reserve increase was approved, resulting in a total share capital of 201,600,000 shares after a 10-for-2 bonus share distribution [2]. - As of 2025, the total share capital increased to 282,240,000 shares after a 10-for-4 bonus share distribution [2]. Group 2: Shareholder Commitments - Major shareholders, including the controlling shareholders Wei Jisheng and Zhang Wei, committed to not transferring or managing their shares for 36 months post-IPO and to maintain a minimum selling price equal to the IPO price for two years after the lock-up period [3][4]. - Shareholders also agreed to extend the lock-up period by six months if the stock price falls below the IPO price for 20 consecutive trading days within the first six months post-IPO [3][4]. - The commitments include provisions for compliance with legal regulations and the return of any profits gained from violations of these commitments [4][5]. Group 3: Lifting of Share Restrictions - The lifting of restrictions applies to a total of 211,680,000 shares, with no pledges or freezes on these shares [21][22]. - The share structure post-lifting indicates that the restricted shares accounted for 75% of the total before the lifting, and after the lifting, the proportion of restricted shares decreased significantly [22][23]. - The company has ensured that all shareholders have adhered to their commitments, and there are no violations affecting the lifting of share restrictions [21][24]. Group 4: Compliance and Verification - The underwriting institution has verified that the lifting of share restrictions complies with relevant regulations and that the information disclosed is accurate and complete [23][24]. - The company has committed to fulfilling all public commitments made during the IPO process and will accept social supervision [16][17].

Core Viewpoint - Zhejiang Hengwei Battery Co., Ltd. is announcing the lifting of restrictions on shares that were issued prior to its initial public offering, allowing for the circulation of these shares in the market [1][22]. Group 1: Overview of Issued Shares - The company received approval from the China Securities Regulatory Commission for its initial public offering, issuing 25.3334 million shares, with a total share capital of 101.3334 million shares post-IPO [1]. - As of the announcement date, there are 71.775 million shares that remain restricted from circulation [1]. Group 2: Shareholder Commitments - Shareholders have committed not to transfer or manage their shares for 36 months post-IPO and will adhere to specific conditions regarding share price performance [2][3]. - If the stock price falls below the issue price for 20 consecutive trading days within six months post-IPO, the lock-up period will be extended by an additional six months [2][3]. Group 3: Shareholding Structure and Changes - The lifting of restrictions will not change the total share capital, which remains at 101.3334 million shares, with 71.775 million shares being released from restrictions [23]. - The shareholding structure indicates that the management holds a significant portion of the shares, with specific limits on their ability to sell [22][23]. Group 4: Compliance and Verification - The company and its shareholders have confirmed compliance with all commitments made during the IPO process, ensuring that there are no violations affecting the lifting of share restrictions [22][24]. - The sponsor institution has verified that the application for lifting share restrictions meets all regulatory requirements [24][25].

Core Viewpoint - Zhengzhou Suda Industrial Machinery Service Co., Ltd. is set to release 27,936,988 shares for trading, which accounts for 36.76% of the company's total share capital, on September 3, 2025, following the lifting of restrictions on shares issued prior to its initial public offering (IPO) [3][4][33]. Group 1: Share Release Details - The number of shares to be released is 27,936,988, representing 36.76% of the total share capital of the company [3][33]. - The shares will become tradable on September 3, 2025 [4][33]. - The company has not experienced any changes in share capital due to events such as share issuance, buybacks, or stock dividends since its listing [5][42]. Group 2: Shareholder Commitments - A total of 22 shareholders are involved in the application for lifting the share restrictions, all of whom have made commitments regarding the transfer and management of their shares [6][34]. - Major shareholders, including Zhengzhou Coal Mining Machinery Group Co., Ltd. and Shanghai Qiyun Investment Management, have committed not to transfer or manage their shares for 12 months following the IPO [6][12][44]. - Shareholders who are also company executives have additional commitments regarding the transfer of their shares, limiting annual transfers to no more than 25% of their holdings during their tenure and for six months after leaving their positions [9][45][48]. Group 3: Price Stabilization Commitments - The company's board and executives have committed to a price stabilization plan, which includes measures to be taken if the stock price falls below certain thresholds [18][50]. - Specific conditions for initiating stabilization measures include a stock price falling below 120% of net asset value for five consecutive trading days, or below net asset value for 20 consecutive trading days [19][50]. - The stabilization measures can be terminated if the stock price exceeds net asset value for five consecutive trading days [20][50].

Core Viewpoint - The report outlines the verification opinions of Guotai Junan Securities Co., Ltd. regarding the listing and circulation of certain pre-IPO shares and strategic placement shares of Guoketech Technology Co., Ltd. following its IPO on the Shenzhen Stock Exchange's ChiNext board. Group 1: IPO and Share Capital Changes - Guoketech Technology Co., Ltd. issued 44.856477 million shares in its IPO, increasing its total share capital from 134.569431 million shares to 179.425908 million shares, with 34.089997 million shares being freely tradable post-IPO, accounting for 1.00% of the total share capital [1][10]. Group 2: Shareholder Commitments - Shareholders, including directors and senior management, have committed not to transfer or manage their pre-IPO shares for 12 months post-listing, with specific conditions for extending the lock-up period if share prices fall below the IPO price [2][3][6]. - The commitments include a stipulation that any transfer of shares after the lock-up period will not exceed 25% of their indirect holdings per year during their tenure [7][9]. Group 3: Compliance and Verification - The report confirms that all shareholders applying for the lifting of share restrictions have adhered to their commitments, and there are no violations affecting the listing of restricted shares [9][10]. - The verification by the sponsor institution indicates that the application for the lifting of share restrictions complies with relevant regulations and that the information disclosed by the company is accurate and complete [10].

Summary of Key Points Core Viewpoint The announcement details the lifting of restrictions on a portion of shares that were issued prior to the initial public offering (IPO) of Dongguan Kaige Precision Machinery Co., Ltd. This includes the number of shares being released for circulation and the implications for the company's share structure. Group 1: Share Issuance and Structure - The number of shares being released from restrictions is 72,100,000, accounting for 67.76% of the company's total share capital [1][4]. - After the IPO, the total share capital of the company is 76,000,000 shares, with 59,342,868 shares subject to trading restrictions, representing 78.08% of the total [1]. - Following a capital increase, the total share capital has changed to 106,400,000 shares, with 72,100,000 shares under restrictions and 34,300,000 shares unrestricted [3][4]. Group 2: Shareholder Commitments - Major shareholders, including the controlling shareholder Qiu Guoliang and his spouse Peng Xiaoyun, have committed not to transfer or manage their shares for 36 months post-IPO [5][6]. - The employee shareholding platforms have also made similar commitments regarding the shares they hold [6][8]. Group 3: Changes in Share Structure - The actual number of shares available for circulation after the lifting of restrictions will be 24,850,000, which is 23.36% of the total share capital [6][9]. - The share structure will change post-restriction, with restricted shares decreasing to 47,250,000 (44.41%) and unrestricted shares increasing to 59,150,000 (55.59%) [9][10]. Group 4: Compliance and Verification - The sponsor has verified that the shareholders have adhered to their commitments regarding the lifting of share restrictions, and the announcement complies with relevant regulations [10].

Core Viewpoint - The report from UBS Securities provides a thorough verification opinion regarding the listing and circulation of certain shares of Entropy Technology Co., Ltd. prior to its initial public offering (IPO) on the ChiNext board, confirming compliance with relevant regulations and shareholder commitments [1][5][11]. Summary by Sections 1. IPO and Share Capital Changes - The company issued 37,123,013 shares during its IPO, increasing the total share capital from 111,369,038 shares to 148,492,051 shares as of August 17, 2022 [1]. - Following the 2022 annual general meeting, the company approved additional shares, leading to a total share capital of 193,039,666 shares by May 31, 2023, and further changes due to stock incentives and capital increases [2]. 2. Share Capital Structure Post-Listing - As of the verification date, the total share capital stands at 235,351,550 shares, with 143,654,627 shares under lock-up conditions, representing 61.04% of the total [3]. - The upcoming release of 22,217,948 shares from lock-up will occur on August 18, 2025, accounting for 9.44% of the current total share capital [3][11]. 3. Shareholder Commitments and Compliance - Five shareholders have made commitments regarding the lock-up of their shares, agreeing to a four-batch release schedule over four years, with strict adherence to these commitments [4][8]. - The shareholders have confirmed compliance with their commitments, ensuring no violations that would affect the release of shares [11]. 4. Listing and Circulation Arrangements - The report outlines the arrangements for the release of locked shares, confirming that the shares are not subject to pledges or freezes, and that the release aligns with regulatory requirements [11][12]. - The share structure before and after the release indicates a shift in the proportion of restricted and unrestricted shares, with the total share capital remaining unchanged at 235,351,550 shares [13]. 5. Verification Opinion - UBS Securities concludes that the application for the release of restricted shares meets all legal and regulatory requirements, and expresses no objections to the planned listing and circulation of these shares [11].

Core Viewpoint - Huashan Biological Vaccine Co., Ltd. is preparing for the public offering of its A-shares on the ChiNext board, with specific commitments made by its controlling shareholders regarding share lock-up and trading practices [1][11][19]. Summary by Sections Initial Public Offering Overview - The company plans to issue 40,010,000 shares, increasing its total share capital from 360,000,000 to 400,010,000 shares as of February 18, 2022 [1]. - Following a stock split of 10 shares for every 5 shares, the total share capital will rise to 600,015,000 shares [2]. Share Lock-up and Release - As of the date of the verification opinion, the total share capital stands at 601,027,500 shares, with 141,648,150 shares (23.57%) being unrestricted and 459,000,000 shares (76.37%) subject to lock-up [2][20]. - The lock-up period for the shares is extended by 6 months due to specific conditions being triggered, with the release date set for August 18, 2025 [2][3]. Commitments by Shareholders - The controlling shareholders, Huashan Biological and Hong Kong Kexin, have made commitments regarding the non-transfer of shares during the initial 36 months post-listing and conditions under which the lock-up period may be extended [3][4]. - Shareholders are obligated to comply with regulations regarding share reduction and must avoid any actions that could harm the interests of other shareholders [15][16]. Corporate Governance and Compliance - The company has established measures to ensure compliance with laws and regulations, including maintaining the independence of its operations and avoiding conflicts of interest with its controlling shareholders [14][19]. - The commitments made by the controlling shareholders are legally binding and will remain effective as long as they hold shares in the company [18][19]. Financial and Operational Commitments - The company has outlined a profit distribution policy and commitments to ensure that shareholder returns are met following the public offering [19][20]. - Measures are in place to stabilize the stock price and protect the interests of minority investors, including potential buyback plans if stock prices fall below certain thresholds [11][12].

Summary of Key Points Core Viewpoint - The report outlines the verification opinions of Zhongtai Securities Co., Ltd. regarding the listing and circulation of certain pre-IPO shares of Jian Mankun Technology Co., Ltd. on the ChiNext board, detailing the share issuance and lock-up commitments of shareholders [1][2][3]. Group 1: Share Issuance and Structure - Jian Mankun Technology Co., Ltd. issued 36,870,000 shares at an issuance price of RMB 26.80 per share, with a total share capital of 147,470,000 shares post-IPO [1][2]. - The share structure post-IPO includes 34,967,700 unrestricted shares (23.71% of total) and 112,502,300 restricted shares (76.29% of total) [2][3]. Group 2: Lock-up Commitments - Shareholders have committed to not transferring or managing their pre-IPO shares for 36 months post-listing, with specific conditions for share reduction after the lock-up period [4][5]. - If the share price falls below the issuance price for 20 consecutive trading days, the lock-up period will automatically extend by six months [4][5]. Group 3: Shareholder Compliance and Responsibilities - Shareholders must repurchase any shares sold in violation of their commitments within ten trading days, with penalties for non-compliance including extending the lock-up period by three months [5][6]. - In case of any fraudulent issuance or significant omissions in disclosures, shareholders are obligated to repurchase shares at the issuance price plus interest [12][13]. Group 4: Future Share Circulation - The release date for the restricted shares is set for August 11, 2025, with a total of 102,014,000 shares (68.89% of total share capital) being released [26][27]. - The shareholders involved in this release include multiple investment management partnerships, with specific commitments to adhere to lock-up agreements [26][27].

Core Viewpoint - The report outlines the verification opinion of China International Capital Corporation regarding the listing and circulation of pre-IPO shares of Hangzhou Guangli Microelectronics Co., Ltd, confirming compliance with relevant regulations and the fulfillment of shareholder commitments [1][19]. Group 1: IPO and Share Capital Changes - The company completed its initial public offering (IPO) of 50 million shares, approved by the China Securities Regulatory Commission, and listed on the Shenzhen Stock Exchange on August 5, 2022, resulting in a total share capital of 200 million shares [1]. - After the IPO, the total share capital is 200,281,088 shares, with 160,104,687 shares subject to trading restrictions, accounting for 80.05% of the total, and 39,895,313 shares being freely tradable [1]. Group 2: Shareholder Commitments for Share Lock-up - Four shareholders applied for the lifting of share lock-up, including Hangzhou Guangli Equity Investment Co., Ltd., and commitments were made to not transfer or manage shares for 36 months post-listing [2][3]. - If the closing price falls below the IPO price at the end of the six-month period post-listing, the lock-up period will automatically extend for an additional six months [3][4]. Group 3: Share Reduction Commitments - Shareholders committed to a gradual reduction of shares post-lock-up, with a maximum of 25% of their holdings allowed to be sold in the first year after the lock-up period [5][6]. - Any reduction in share price below the IPO price within two years post-lock-up will result in adjustments to the reduction price and quantity [7][8]. Group 4: Measures for Stabilizing Share Price - The company will implement measures to stabilize share prices if the stock price falls below the latest audited net asset value for 20 consecutive trading days within three years of listing [9][10]. - The stabilization measures include share buybacks and potential increases in holdings by controlling shareholders, subject to regulatory compliance [11][12]. Group 5: Compliance and Verification - The verification by the sponsor institution confirms that the lifting of share restrictions complies with relevant regulations and that the disclosures made by the company are accurate and complete [19].

Core Viewpoint - The announcement details the share structure and lock-up commitments of Hangzhou Guangli Microelectronics Co., Ltd. following its initial public offering (IPO) and the subsequent lifting of restrictions on certain shares [1][2][19]. Group 1: IPO and Share Structure - The company completed its IPO by issuing 50 million shares, resulting in a total share capital of 200,000,000 shares, with 80.05% being restricted shares [1]. - After the IPO, the total share capital increased to 200,281,088 shares, with restricted shares accounting for 46.27% and unrestricted shares for 53.73% [2]. Group 2: Lock-up Commitments - Four shareholders applied for the lifting of share restrictions, including Hangzhou Guangli Equity Investment Co., Ltd. and Zheng Yongjun, who committed to not transferring their shares for 36 months post-IPO [2][3]. - If the closing price falls below the IPO price at the end of the six-month period post-IPO, the lock-up period will automatically extend for an additional six months [3][4]. Group 3: Shareholder Commitments - Shareholders have committed to adhere to regulations regarding share reduction, limiting any sales to 25% of their holdings in the first year after the lock-up period [6][7]. - The company will implement measures to stabilize the stock price if the stock price falls below the net asset value for 20 consecutive trading days [9][10]. Group 4: Changes in Share Structure Post-Release - Following the lifting of restrictions, the number of restricted shares decreased significantly, with the total number of restricted shares now at 25,776,753, representing 12.87% of the total share capital [18]. - The total number of unrestricted shares increased to 174,504,335, representing 87.13% of the total share capital [18]. Group 5: Verification by Sponsor Institution - The sponsor institution, China International Capital Corporation, confirmed that the lifting of share restrictions complies with relevant regulations and that the disclosures made by the company are accurate and complete [19].