Core Points - Jiangyin Huaxin Precision Technology Co., Ltd. has successfully completed its initial public offering (IPO) and is set to list on the main board of the Shanghai Stock Exchange [1][2] - The total number of shares issued in this IPO is 43.7375 million, with a final strategic placement of 8.7475 million shares, accounting for 20% of the total issuance [2][3] - The final issuance price is set at 18.60 RMB per share, with the total number of shares available for online issuance being 13.996 million [2][3] Strategic Placement - The strategic placement involved a total of 8.7475 million shares, which is 20% of the total issuance, and the funds for this placement have been fully transferred to the designated bank account [2][6] - The strategic placement participants include senior management and core employees of the company, as well as large enterprises with strategic cooperation relationships [6][7] Issuance Mechanism - The issuance combines strategic placement, offline inquiry-based placement, and online pricing issuance, with the online issuance accounting for 80% of the shares after the strategic placement [2][3] - The initial effective subscription multiple for the online issuance was approximately 7,825.56 times, leading to the activation of the allocation adjustment mechanism [3][11] Subscription Results - The final allocation after the adjustment mechanism resulted in 6.998 million shares for offline investors and 27.992 million shares for online investors, with an online winning rate of 0.02555726% [3][11] - A total of 55,984 winning numbers were generated for online investors, with specific winning number sequences provided [10][11] Payment Obligations - Investors are required to fulfill their payment obligations by August 27, 2025, ensuring sufficient funds are available in their accounts [3][5] - Any failure to pay the required amount will be considered a waiver of subscription, and the consequences will be borne by the investors [5][6]

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. has successfully completed its initial public offering (IPO) and will be listed on the main board, with the approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [1][2]. Issuance Details - The total number of shares for this issuance is set at 43.7375 million shares, with an initial strategic placement of 8.7475 million shares, accounting for 20% of the total issuance [2]. - The final strategic placement remains at 8.7475 million shares, with no need for a downward adjustment to the offline issuance [2]. - The issuance price is set at 18.60 RMB per share, with 13.996 million shares allocated for online issuance on August 25, 2025 [2]. Subscription and Allocation - The online issuance received 13,178,223 valid applications, totaling 109,526,590,000 shares, resulting in an initial online winning rate of 0.01277863% [5]. - Following the implementation of the allocation mechanism, the final online winning rate increased to 0.02555726% after adjustments were made due to high demand [5]. Payment Obligations - Investors are required to fulfill their payment obligations by August 27, 2025, and must ensure sufficient funds in their accounts to avoid forfeiting their subscriptions [3][5]. - Any failure to pay or participate in the subscription process may result in penalties and restrictions on future participation in IPOs [5]. Lock-up Period - 10% of the shares allocated to investors will be subject to a six-month lock-up period, while 90% will be freely tradable immediately after the shares are listed [4].