All new shares are listed by inquiry mechanism, and the issuer and its sponsor institutions determine the issue price range (inquiry range) according to the inquiry results, and the upper limit of the inquiry range shall not be higher than 20% of the lower limit of the range. After the cumulative bidding inquiry is completed, except for the allotment to institutional investors, the remaining shares will be publicly issued to public investors at the same price in accordance with the principles and procedures stipulated in the issuance announcement.

Because the number of new shares has increased in recent years, Huatai Securities is issued according to the lower limit of the price range, so as to avoid the stock price plummeting, affecting the image and missing the financing and stock index futures.