1. The application of Eastcore Semiconductor Co., Ltd. (hereinafter referred to as "Eastcore Shares", "Issuer" or "Company") for the initial public offering of RMB ordinary shares (A shares) (hereinafter referred to as "this offering") has been reviewed and approved by the science and technology innovation board Stock Listing Committee of Shanghai Stock Exchange, and has been approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") for registration (CSRC Permit [221] The sponsor and lead underwriter of this offering are Haitong Securities Co., Ltd. (hereinafter referred to as "Haitong Securities" or "sponsor (lead underwriter)"). The issuer's stock is referred to as "Eastcore Shares" for short, and the expansion is referred to as "Eastcore Shares" with the stock code of 68811.
2. This issuance is conducted by combining targeted placement with strategic investors (hereinafter referred to as "strategic placement"), offline inquiry placement with qualified offline investors (hereinafter referred to as "offline issuance") and online pricing issuance with public investors who hold unrestricted A shares in Shanghai market and the market value of unrestricted depositary receipts (hereinafter referred to as "online issuance").
3. The issuer and the sponsor institution (lead underwriter) comprehensively evaluate the company's reasonable investment value, the secondary market valuation level of comparable companies and the secondary market valuation level of their industries, and fully consider the effective subscription multiple of offline investors, market conditions, demand for raised funds and underwriting risks, etc., and determine through consultation that the price of this issue is 3.18 yuan/share, and the number of shares issued is 11,562,44, all of which are new shares.
4. The initial number of strategic placements in this issue is 33,168,732 shares, accounting for 3% of the number of this issue. The subscription funds promised by strategic investors have been fully remitted to the bank account designated by the sponsor institution (lead underwriter) within the specified time. The final number of strategic placements in this issuance is 21,15,45 shares, accounting for 19.13% of the number of this issuance. The difference between the final number of strategic placements and the initial number of strategic placements is 12,18,687 shares, which have been transferred back to offline issuance.