GEM stocks belong to Shenzhen market stocks. Investors who subscribe for new GEM shares online must meet the market capitalization requirements of the Shenzhen market and activate GEM authority within the specified time.

Regarding the conditions for opening GEM authority, it is recommended that you consult your affiliated securities firm, and the answer from your affiliated securities firm shall prevail.

The online subscription unit for new shares in the Shenzhen market is 500 shares or an integer multiple thereof, that is, the minimum subscription quantity is 500 shares and shall not exceed the subscription limit.

The time for online new share subscription Shenzhen Exchange to accept declarations is:

9:15-11:30, 13:00-15:00 on T day.

Investors are advised to consult the corresponding securities firm in detail for the specific entrustment time and operation methods for online new share subscriptions.

The calculation rules for the market value of new stock subscriptions in the Shenzhen market include the following:

1. The market value held by investors is based on the investor. The market value standard of the Shenzhen market is:

Shenzhen Stock Exchange: The average daily market value of Shenzhen non-restricted A shares held in the account in the 20 trading days before T-2 (T-day is the online subscription day determined in the issuance announcement) (including T-2) is For prices above 10,000 yuan (including 10,000 yuan), each 10,000 yuan in market value corresponds to a subscription quota of 1,000 shares.

2. If an investor’s same securities account is held in multiple places, their market value will be calculated together. If an investor holds multiple securities accounts, the market values ??of the multiple securities accounts will be combined and calculated.

3. The principle of confirming that multiple securities accounts are held by the same investor is that the "account holder name" and "valid identity document number" in the securities account registration information are the same.

Securities account registration information is subject to the end of T-2.

4. The market value of the credit securities accounts of margin trading and securities lending customers is combined and calculated into the market value held by the investor.

5. Unqualified, dormant, or canceled securities accounts will not be counted in market value. If the investor's relevant securities account has been opened for less than 20 trading days, the average daily holding market value will be calculated based on 20 trading days.

6. Judicial freezing or pledge of non-restricted A-shares, as well as shareholding restrictions on directors, supervisors, and senior managers of listed companies, will not affect the calculation of the market value held in securities accounts.

7. The market value of investors’ relevant securities accounts is calculated based on the product of the number of shares included in the market value calculation range in their securities accounts and the corresponding closing price.

Reference material: "Implementation Rules for Online Issuance of Initial Public Offerings of Stocks in Shenzhen Market"