1. Subscription: Users need to subscribe for new shares on the IPO date first;
2. Matching number: On the second day after the subscription of new shares, the Shanghai Stock Exchange or Shenzhen Stock Exchange will place new shares according to your effective subscription amount;
3. Winning the lottery: the winning rate will be announced on the third day after the subscription of new shares, and the lead underwriter will preside over the lottery according to the total allocation number, and announce the winning results in the designated media on the first trading day after the lottery. Generally, each winning number can subscribe for 1000 new shares.
4. Funds unfreezing: on the fourth day after the subscription of new shares, unfreeze the unsuccessful subscription funds.