Pacific Securities new stock subscription process

Issues to note when subscribing for new shares:

1. To subscribe for new shares, you must open a Shanghai Stock Exchange or Shenzhen Stock Exchange securities account before the issuance date. Investors can use their accounts to subscribe for new shares issued on the subscription day (hereinafter referred to as T day). The subscription time is 9:30-11:30 am and 1:00-3:00 pm on T day.

2. Each account can only subscribe for the same new stock once (excluding funds and convertible bonds). For repeated subscriptions, only the first subscription is valid.

3. The Shanghai Stock Exchange stipulates that each subscription unit is 1,000 shares, and the number of subscriptions must be no less than 1,000 shares. If the number exceeds 1,000 shares, it must be an integral multiple of 1,000 shares, but the maximum number shall not be Exceeding the number of public shares issued online or 99.999 million shares. The Shenzhen Stock Exchange stipulates that the subscription unit is 500 shares, and the subscription entrustment for each securities account shall be no less than 500 shares. The number of shares exceeding 500 must be an integral multiple of 500 shares, but shall not exceed the issuance quantity set for this time on the Internet.

, and shall not exceed 999,999,500 shares.

4. The order to subscribe for new shares cannot be canceled, and the designated transaction cannot be canceled during the subscription period for new shares.

5. Every 1,000 (or 500) shares subscribed for new shares will be allocated a subscription number, and the numbers allocated for the same subscription are consecutive.

6. Each winning number can only subscribe for 1,000 (or 500 shares) shares.

7. The new stock listing date shall be published in the designated securities newspaper after approval by the stock exchange.

8. Subscription for new shares at online pricing requires full prepayment of the subscription fee.

The subscription process is as follows:

(1) Investor subscription (T day). Subscription is carried out on the day of subscription (T day) in accordance with the "Issuance Announcement" and the Subscription Methods.

(2) Fund freezing, capital verification and allocation

number (T 1 day). On the first day after the subscription date (T 1 day), the settlement company will freeze the subscription funds. All subscription funds must be in place before 4 p.m. The clearing company cooperates with a qualified accountant designated by the exchange to conduct capital verification of the subscription funds, and the accounting firm issues a capital verification report. The exchange is actually in place The funds will be allocated as valid subscriptions (that is, after 4 p.m., capital verification, valid subscription confirmation and allocation will be carried out in accordance with relevant regulations).

(3) Lottery and winning process (T 2nd day). The day after the subscription date (T 2), the determined issuance price and winning rate will be announced, and the lottery and winning will be conducted in accordance with relevant regulations.

(4) Unfreeze of funds (T 3rd day). The winning result will be announced on the third day after the subscription date (T 3), and the funds will be unfrozen and the new share subscription payment will be transferred in accordance with relevant regulations.

The new rules stipulate: "During the online subscription period, investors will fill in the order form based on the upper limit of the price range by purchasing stocks on entrustment." Therefore, what is different from the past is that the price of the investor's entrusted purchase is Should be the upper limit of the price range. If the determined issuance price is lower than the upper limit of the price range, the difference will be refunded to investors.