Core Points - The company Huahai Qingke announced a preliminary inquiry transfer price of 102 yuan per share based on the inquiry subscription situation as of September 15, 2025 [1] - A total of 40 institutional investors participated in the inquiry transfer, with a total effective subscription of 22.495 million shares, resulting in an effective subscription multiple of 1.75 times the transfer base price [1] - The shares intended for transfer have been fully subscribed, with the preliminary determined transferees being 30 institutional investors, who will acquire a total of 12.8297 million shares [1]