Hongban Technology: First public offering of 10 million A-shares, raising 1.77 billion yuan.

Hongban Technology announced that the company's application for initial public offering of shares and listing on the main board has been approved by the Listing Review Committee of the Shanghai Stock Exchange and registered by the China Securities Regulatory Commission. This public offering includes 10 million shares, accounting for 13.27% of the total share capital after the offering, at a price of 17.7 yuan per share, raising a total of 1.77 billion yuan. The issuance expenses are 135.8286 million yuan. Senior management and core employees of the issuer participate in the strategic placement through asset management plans, receiving 3.446327 million shares, accounting for about 3.45% of the total issuance, with a total amount of 609.99879 million yuan, subject to a lock-up period of 12 months.