When will you know the result of the new shares?

The winning result will be known in the evening of the next trading day after the issuance of new shares. You can also say that you will know in the morning of the next trading day.

(1)T- 1 day, the issuer and the lead underwriter published an online issuance announcement.

(2) On T-day, investors can inquire about their market value or subscription quota through the securities companies designated for trading, and investors can subscribe for new shares according to the subscription quota; Match the numbers on the same day and send the matching result data. If the issuer and the lead underwriter arrange the number of online issuance and offline issuance callback according to Article 10 of the Measures for the Administration of Securities Issuance and Underwriting, they shall notify the Exchange of the number of online issuance and offline issuance callback on T day.

(3)T+ 1 day, the lead underwriter announces the winning rate, organizes the lottery to form the winning result, and the Shanghai Stock Exchange will send the winning result to the securities company after the closing of the day. The capital verification link of T+ 1 day original subscription funds was cancelled.

(4) On T+2, the lead underwriter announces the issue price and the winning result, and investors can also inquire about the winning result from their designated securities companies. Investors who win lots shall fulfill the obligation of fund delivery according to the results of winning lots, and ensure that their fund accounts have enough funds to subscribe for new shares at the end of T+2.

(5) Before T+3 15:00, settlement participants shall report the data of their investors' abandonment of subscription to China Clearing; 16:00, China Clearing settled the subscription funds and transferred them to the fund settlement account of the lead underwriter.

(6) On T+4, the lead underwriter will allocate subscription funds to the issuer after deducting underwriting fees, and announce the online issuance results.