According to Article 11 of the Detailed Rules for the Administration of Offline Investors in the Initial Public Offering of Science and Technology Innovation Board, in the initial inquiry session of the initial public offering of Science and Technology Innovation Board, the off-line investors who participate in the inquiry can fill in a quotation for the different placing target accounts managed by them, and each quotation should include the information of the placing target, the price per share and the number of shares to be purchased corresponding to the price. There are no more than three different proposed purchase prices in all quotations of investors under the same network, and the difference between the highest price and the lowest price does not exceed 20% of the lowest price.

When filling in the amount to be purchased for the placing object in the initial inquiry of science and technology innovation board IPO, offline investors shall reasonably determine the amount to be purchased according to the actual purchase intention, financial strength, risk tolerance and other conditions, and the amount to be purchased shall not exceed the total amount of initial offline issuance, nor the upper limit of the amount to be purchased by a single placing object determined by the lead underwriter, and the amount to be purchased shall not exceed the total assets or capital scale of the placing object, and ensure that the amount to be purchased and the future shareholding comply with relevant laws and regulations and the provisions of regulatory authorities.

Extended data:

Provisions on relevant requirements for issuing new shares:

1. Private fund managers shall also abide by the regulations of relevant regulatory authorities and self-regulatory organizations when participating in the offline inquiry and subscription business of science and technology innovation board IPO. If the private fund manager has cancelled the registration or its products have been liquidated, the securities company that recommended the registration of the investor shall apply to the Association in time to cancel its qualification as an offline investor in science and technology innovation board or a placing object in science and technology innovation board.

2. When applying for registration of placing objects in science and technology innovation board, offline investors should reasonably determine the range and quantity of products participating in offline inquiry of science and technology innovation board IPO according to their own management ability, staffing quantity, product investment strategy and product risk tolerance.

3. Where a securities company recommends professional institutional investors such as private fund managers to register as science and technology innovation board IPO offline investors, it shall formulate clear recommendation criteria, carefully check the investment experience, credit record, pricing ability and asset management scale of the recommended institution, and carefully check whether the number of products applied for registration by the recommended institution matches its management ability.

China Securities Industry Association-Detailed Rules for the Administration of Investors under the Initial Public Offering of Science and Technology Innovation Board