Strategic Placement - The strategic placement for this issuance involves the issuer's senior management and core employees through a specific asset management plan, along with other long-term investors such as large insurance companies and national investment funds [1][2] - The initial number of shares for strategic placement is set at 7.18 million shares, accounting for 20% of the total issuance. The final allocation will be determined on October 23, 2025, after the issuance price is set [1][2] Asset Management Plan - The asset management plan for the issuer's senior management and core employees aims to subscribe to a maximum of 10% of the public offering, which translates to no more than 3.59 million shares, with a total investment not exceeding 50 million yuan [2] - The asset management plan is managed by Hai Futong Fund Management Co., Ltd., and the funds raised will be fully utilized for participating in the strategic placement [2] Placement Conditions - Investors participating in the strategic placement must sign a strategic placement agreement and commit to subscribing to the agreed number of shares at the determined issuance price [4] - The payment for the subscription must be made in full by October 22, 2025, and any excess payment will be refunded if the allocated amount is less than the pre-paid amount [4] Lock-up Period - The shares allocated to the asset management plan and other strategic placement investors will have a lock-up period of 12 months from the date of the public offering and listing [5] Verification Process - The lead underwriter and legal counsel will verify the selection criteria and qualifications of the strategic placement investors, with relevant documents to be disclosed on October 24, 2025 [6] Payment and Audit Arrangements - Investors must pay the subscription funds by October 22, 2025, and an audit report on the payment will be issued by the auditing firm by October 31, 2025 [7] Related Commitments - All participating investors have signed a commitment letter regarding compliance with relevant regulations and rules governing the strategic placement [8] Offline Initial Inquiry Arrangement - The offline issuance targets professional institutional investors registered with the China Securities Association, including securities companies, fund management companies, and qualified foreign investors [9][10] - Investors must meet specific asset requirements to participate, with a minimum average market value of 6 million yuan in non-restricted A-shares over the past 20 trading days [10] Submission of Inquiry Materials - Investors must submit verification materials and asset proof by October 21, 2025, to participate in the initial inquiry [11][18] Investor Qualification Verification - The issuer and underwriter will verify the qualifications of investors and may require additional documentation. Non-compliance may result in disqualification from participation [29][28]