Core Viewpoint - Guangdong Provincial Institute of Architectural Science Group Co., Ltd. has received approval for its initial public offering (IPO) and listing on the ChiNext board, with the underwriting led by China Merchants Securities Co., Ltd. [1][4] Group 1 - The IPO application has been approved by the Shenzhen Stock Exchange's listing review committee and registered by the China Securities Regulatory Commission [1] - Investors must ensure sufficient funds in their accounts by August 5, 2025, to fulfill their subscription obligations, or they will forfeit their rights to the shares [1][2] - If the total number of shares subscribed by both online and offline investors is less than 70% of the final offering amount after deducting strategic placements, the IPO will be suspended [2] Group 2 - The shares offered in the online issuance will have no restrictions on circulation and can be traded immediately upon listing [2] - Investors who fail to pay for shares after winning a subscription three times within 12 months will be barred from participating in future online subscriptions for six months [2][3] - The lottery for the online issuance was conducted fairly and transparently, supervised by a notary public, with a total of 58,609 winning numbers announced [3]

Core Points - Guangdong Provincial Institute of Architectural Science Group Co., Ltd. has received approval for its initial public offering (IPO) of A-shares on the ChiNext board, with a total issuance of 10,466,000 shares priced at RMB 6.56 per share [1][2] Issuance Structure - The issuance will be conducted through a combination of strategic placement, offline inquiry placement, and online public offering [1] - The initial strategic placement quantity is set at 31,398,000 shares, accounting for 30% of the total issuance [2] - The offline issuance will consist of 58,610,000 shares (80% of the remaining shares after strategic placement), while the online issuance will consist of 14,652,000 shares (20% of the remaining shares) [2] Subscription and Payment Process - Investors must fulfill their payment obligations by August 5, 2025 (T+2), with specific instructions for both offline and online investors regarding payment and subscription [3] - Any failure to pay the required subscription amount will result in the cancellation of the allocation for that investor [3][4] Lock-up Periods - For offline investors, 10% of the allocated shares will have a lock-up period of 6 months, while 90% will be tradable immediately upon listing [5] - Strategic placement investors will face a 12-month lock-up period for their allocated shares [5] Subscription Statistics - The online offering received a total of 12,316,902 valid subscription accounts, with a total of 124,352,408,500 shares applied for, resulting in a subscription multiple of 8,487.06 times [7][8] - The final online issuance quantity after the implementation of the allocation mechanism will be 29,304,500 shares, with a final winning rate of 0.0236% [8] Lottery Draw - The lottery draw for the online subscription will take place on August 4, 2025, with results announced on August 5, 2025 [9]