Qiangyi Co., Ltd.: plans to issue 32.3899 million shares.

Qiangyi disclosed the announcement of the issuance on the science and technology innovation board. This time, it plans to issue 32.3899 million shares at a price of 85.09 yuan per share, corresponding to a price-earnings ratio of 35.47 times or 36.42 times. The online issuance and offline issuance will be implemented on December 19, 2025, respectively. The shares issued online this time can be circulated from the listing date, while 90% of the shares issued offline can be circulated from the listing date, and 10% of the shares have a lock-up period of 6 months. In terms of strategic placement, the lock-up period for the shares allocated to the relevant subsidiary of the sponsor will be 24 months, while the lock-up period for other investors participating in the strategic placement will be 12 months.