TechFlow News, on July 15, according to reports from Tencent News' Shenwang, the issuance announcement for Changxin Technology's initial public offering (IPO) shows that national-level long-term funds such as the Social Security Fund and the Basic Endowment Insurance Fund, as well as industry chain leaders upstream and downstream and large insurance funds, participated in the strategic placement. Shenzhen SanKuai Network Technology Co., Ltd., Nio Power Technology (Hefei) Co., Ltd., ZTE Corporation, Chery Intelligent Automotive Technology (Hefei) Co., Ltd., and others were allocated amounts of 157,999,993.98 yuan, with a lock-up period of 18 months; Hangzhou Aliyun Feitian Information Technology Co., Ltd. was allocated an amount of 157,999,993.98 yuan, with a lock-up period of 36 months.
High-Flyer Quant participated in this offline IPO subscription with a proposed subscription price of 8.78 yuan/share, with the upper limit for each proposed offline subscription quantity being 230 million shares; most of High-Flyer's products reported within the range of 70 million to 140 million shares. High-Flyer Quant mainly consists of two parts: Zhejiang Jiuzhang and Ningbo High-Flyer Quant. Both are filed with the Asset Management Association of China, and the actual controller for both is Liang Wenfeng, who holds 85% of the shares in Jiuzhang Assets and 85.15% of the shares in Ningbo High-Flyer Quant.
