What are the specific procedures for IPO online pricing?

The specific process of IPO online pricing issuance:

Investors shall, before accepting the subscription entrustment, deposit the subscription money in full into the account designated by the securities business department associated with the stock exchange that handles this issuance.

On the day of purchase, investors buy and the stock exchange will accept feedback. During the online subscription period, investors fill in the entrustment order at the issue price by entrusting to buy shares, and once declared, they may not withdraw the order. Investors who purchase for many times, except for the first time, shall be regarded as invalid.

Subscribe no less than 1000 shares for each account, and the number exceeding 1000 shares must be an integer multiple of 1000 shares.

The maximum number of shares subscribed for each stock account is one thousandth of the number of public shares issued at that time.

The subscription funds shall be accounted for, and the registration and calculation institution of the stock exchange will freeze the subscription funds in the subscription account. If the subscription funds cannot be recorded in time due to the bank settlement system, the transfer voucher shall be provided at T+ 1 through the electronic interbank system of the People's Bank of China, and the subscription funds shall be recorded in the next morning. All subscription funds will be frozen in the subscription account of the designated clearing bank.

On the second day after the subscription date, the registration and calculation institution of the stock exchange shall cooperate with the lead underwriter and the accounting firm to verify the subscription funds, and the accounting firm shall issue a capital verification report, and the funds actually put in place shall be numbered consecutively as valid subscriptions. The stock exchange transmits the distribution number to the stock exchange and announces the winning number through the trading network.

On the third day after the subscription date, the lead underwriter is responsible for organizing the lottery and announcing the winning results on the same day. The stock exchange shall conduct clearing, settlement and shareholder registration according to the lottery results.

On the fourth day after the subscription date, unfreeze the unsuccessful subscription money.