New share subscription process and method

1. New share subscription process: submitting application-freezing funds-capital verification and allocation-lottery and unfreezing funds.

2. Submit the application on 1 day.

3. Investors should pay enough subscription money according to the upper limit of the price range and the subscription quantity specified by the issuer within the effective subscription time.

The next day, the funds were frozen.

5. China Clearing Shanghai Branch or Shenzhen Branch will freeze the subscription funds. If the funds have not arrived yet, relevant remittance vouchers must be provided to ensure that the funds can arrive in the morning of T+2.

6. On the third day, verify and number the funds.

7. The China Clearing Company shall cooperate with the accounting firm designated by the stock exchange for capital verification, and make distribution according to the funds actually received.

8. On the fourth day, draw lots, shake numbers and unfreeze funds.

9. The issuer and the lead underwriter of the stock announce the issue price and the winning rate and draw lots, and deduct the money according to the issue price and the winning number.

10. The issuer and the lead underwriter announced the winning result, and China Clearing Company unfrozen the subscription money for the unsuccessful part.

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