China Securities Journal

(III) War Matching Callback

According to the "Issue Arrangement and Preliminary Inquiry Announcement" announced on March 12, 2021 (T-6), the initial strategic placement issue quantity is 2 million shares, accounting for 5% of the issue quantity, the subscription funds committed by strategic investors have all been remitted to the bank account designated by the sponsor (lead underwriter), the final strategic placement quantity of this issue is 2 million shares, the initial strategic placement and the final The initial strategic placement and the final strategic placement are the same.

(IV) Arrangement of restricted sales period

The restricted selling period of the shares allocated to Guoyuan Ventures for this follow-on offering is 24 months, and the restricted selling period starts from the date of listing of the shares in this public offering on the SSE.

IV. Off-line issue

(I) Participation objects

As confirmed by the issuer and the sponsor (lead underwriter), there are 8,983 valid quotation placement objects who can participate in this offline offering, and the total number of valid proposed subscriptions is 11,641,710,000 shares. Placing objects participating in the initial inquiry can check whether their quotations are valid quotations and the effective number of proposed subscriptions through the subscription platform.

(II) Off-line subscriptions

The placement objects managed by the offline investors who submitted valid quotations during the initial inquiry period must participate in the offline subscription of this issue, and subscriptions made through means other than the platform are considered invalid.

1, offline subscription for March 22, 2021 (T day) 9:30-15:00. offline investors must be in the subscription platform for its management of the effective offer placement object to enter the purchase record. The subscription price in the subscription record is the issue price of 6.50 yuan/share, and the number of subscriptions is the effective number of proposed subscriptions corresponding to their valid quotes. After the offline investor enters the subscription record for all the placement objects participating in the subscription, all should be submitted at once. During the offline subscription period, the offline investor may submit the subscription record several times, but the last submission of all subscription records shall prevail.

2. During the offline subscription phase, offline investors need not pay subscription funds and will pay subscription funds and corresponding brokerage commission for new share placement on March 24, 2021 (T+2 day) after being allocated.

3, the offline subscription, the investor placement object name, securities account name, securities account number and bank payment and receipt account must be consistent with its information registered in the Securities Association, otherwise it is considered invalid subscription.

4. If the valid offer placement object does not participate in the subscription, it will be regarded as a breach of contract and shall bear the responsibility for breach of contract. The sponsor (lead underwriter) will announce and disclose the default situation and report the default situation to CSRC and Securities Industry Association for record.

5. The valid offer placement object shall comply with relevant laws and regulations and the relevant provisions of CSRC in respect of offline subscription and shareholding, and shall bear the corresponding legal responsibilities.

(III) Announcement of preliminary placement results

On March 24, 2021 (T+2), the issuer and the sponsor (lead underwriter) will publish the "Announcement of Preliminary Off-line Placement Results and Online Winning Results" on China Securities Journal, Shanghai Securities News, Securities Times and Securities Daily, including the names of off-line investors who have been placed in this issue, the quotation of each allocated off-line investor, the number of subscriptions, the preliminary number of shares allocated, and the number of shares offered during the preliminary inquiry but not the number of shares offered. and the information of the offline investors who provided valid quotations during the preliminary inquiry but did not participate in the subscription or the actual number of subscriptions was significantly less than the proposed number of subscriptions at the time of quotation. Once the above announcement is published, it is deemed to have served a notice of allotment to the offline investors who participated in the offline subscriptions.

(IV) Payment of subscription funds

Before 16:00 on March 24, 2021 (T+2), the offline investors qualified for the initial placement shall, according to the issue price and the number of shares allocated to the placement object under their management, fully transfer the subscription funds and the corresponding new shares placement brokerage commission from the bank account of the placement object filed with the China Securities Association to the special account of the offline issue of China Securities Clearing Corporation Shanghai Branch, and the subscription funds and the corresponding new shares placement brokerage commission shall be paid on March 24, 2021. The subscription funds and the corresponding brokerage commission for the new share placement should be received by 16:00 on March 24, 2021 (T+2 day). Investors should pay attention to the time when the funds are in transit.

1. Calculation of subscription money

Subscription amount payable by each placement object = issue price × initial allotment quantity + brokerage commission for new share placement

The brokerage commission rate for IPO placement for strategic investors and offline investors participating in this issue is 0.5% of the amount allocated to them (except for the part of the sponsor's relevant subsidiary that follows the investment). The amount of brokerage commission for the placement of new shares of the placement object = the final amount allocated to the placement object × 0.5% (rounded to the nearest cent).

2、Payment of subscription money and account requirements

The offline investors should pay the funds according to the following principles, failure to meet the relevant requirements will result in the allocation of new shares to the placement target is invalid.

(1) The bank account of the offline investors for the allocation of subscription funds and brokerage commissions for the corresponding new share placement shall be the same as the bank account registered with the China Securities Association for the placement.

(2) The subscription funds shall be transferred to the special account for offline issuance opened by China Securities Clearing Shanghai Branch in the clearing bank, and each placement target can only choose one of them for the transfer. The information of the special account for offline issuance opened by China Securities Clearing Shanghai Branch in each settlement bank and the contact information of each settlement bank can be found on the website of China Securities Clearing (http://www.chinaclear.cn) under "Service Support - Business Information - Bank Account Information Form "Ltd. Shanghai Branch" and "List of QFII settlement banks of China Securities Depository & Clearing Co. Ltd. Shanghai Branch", the relevant accounts in the "List of QFII Settlement Bank's Off-Net Offering Account" are only applicable to QFIIs hosted by QFII Settlement Bank for transferring relevant funds.

(3) In order to ensure the timely arrival of the funds and improve the efficiency of the transfer, it is recommended that the placement targets transfer the funds to the special account for offline subscriptions of the same bank as the bank receiving and paying accounts filed with the China Securities Association. When transferring the funds, you must indicate in the notes of the remittance voucher the securities account number of the placement target and the issue stock code 688659. For example, if the shareholder account of the placement target is B123456789, you should fill in the note: "B123456789688659", and do not add any symbols such as spaces between the securities account number and stock code to avoid affecting the electronic transfer. After the money is allocated, please log on to the SSE offline application electronic platform to check the arrival of funds in a timely manner.

3, the same day the offline investors were allocated multiple new shares, please be sure to pay for each new share separately. In the case of multiple new shares allocated on the same day, if only a total amount is remitted, the combined payment will result in a failure of crediting, and the consequences arising therefrom will be borne by the investor.

4. The sponsor (lead underwriter) will confirm the final valid subscription in accordance with the list of valid placement recipients provided by China Clearing and Settlement Shanghai Branch. The issuer and the sponsor (lead underwriter) will consider any offline investor who has not paid the subscription funds and the corresponding brokerage commission for the initial placement of new shares in full and in a timely manner to be in default, which will be disclosed in the Issue Results Announcement on March 26, 2021 (T+4), and the default will be reported to the CSRC and the China Securities Association for record.