How To Purchase New Shares?

(1) application procedures for bidding Online

Online bidding for new shares

1, the issue of new shares should be submitted to the stock exchange by the main passenger dealer with the approval document of the China Securities Regulatory Commission.

The issuer shall publish the prospectus and announcement at least 2 to 5 working days prior to the implementation of the bidding in the newspapers and local newspapers and periodicals designated by the CSRC.

2, in addition to laws and regulations explicitly prohibiting the sale of shares, individuals or institutional investors holding stock accounts of stock exchanges can participate in the bidding of new shares.

Investors who have not yet processed stock accounts can pass.

And registration agencies in various places shall register in advance, open stock accounts, and deposit enough funds in the securities business department that has approved the establishment of stock trading business before bidding.

3, investors buy the new shares on the bidding day of the auction, which is similar to the common way of stock buying.

The purchase price shall not be lower than the base price determined by the company, and the purchase quantity shall not exceed the limit specified in the announcement, and each stock account can only be declared once.

4. When the IPO is declared, the main underwriter is the sole seller, whose declared number is the actual issue number of the new shares and the selling price is the base price.

5, the principle of the paction of the new shares bidding (that is, subscription determination).

6, after the computer host matches the actual selling price, the market pmission system is released to the public at once, and the paction data is sent to the securities business departments immediately.

7. The capital pfer after the end of the IPO is included in the daily clearing and delivery system. The exchange securities registration and clearing institution will subscribe the amount from the liquidation account of the securities companies to the liquidation account of the main underwriter.

According to the paction return, print the "pfer paction voucher" to deal with the investors (subscribers) for delivery.

8. After the completion of the auction, the new stock registration will be completed automatically by the host computer after the auction is completed, and will be made to the main underwriter and issuer in the form of floppy disk by the exchange securities registration and clearing institution.

If investors are doubtful, they may apply to the securities registration and clearing institutions and their agencies through valid documents and relevant documents.

9, the issue of new shares for sale, investors only pay the commission fee according to the regulations, do not have to pay commission, pfer fees, stamp duty and so on any other costs.

10, the securities business department that participates in the issue of new shares can receive an underwriting fee from the principal underwriter on the basis of the percentage of the actual paction (subscription amount) of 3.5 per thousand, and the exchange securities registration and settlement institution shall be responsible for the daily payment.

(two) purchase procedures on the Internet Pricing Issue

1. At present, the specific handling principles of online pricing are:

1, when the total amount of effective purchase is equal to the amount of the stock issue, investors will subscribe for shares according to their effective purchase amount.

2, when the total amount of effective purchase is less than the amount of the stock issue, investors will buy the shares according to their effective purchase amount, and the remaining part will be handled according to the underwriting agreement.

3, when the total amount of effective purchase is greater than that of the stock issue, the stock exchange host will automatically determine a declaration number for each 1000 shares, and even the sequence number, and then draw lots by the Yaohao, and subscribe 1000 shares for each signed number.

Two, the specific procedures for issuing new shares online are as follows:

1, investors should deposit the total amount of purchase payment into the accounts designated by the securities business department which is connected to the stock exchange.

2, the day of purchase (T+0), investors purchase, and the feedback received by the stock exchange.

During the period of Internet purchase, investors should fill in the order form at the issue price according to the way of buying shares by entrustment.

Investors who purchase many times are regarded as invalid purchase except for the first time.

Each account shall be purchased at least 1000 shares, and more than 1000 shares must be an integral multiple of 1000 shares.

The maximum number of shares purchased for each stock account is 1/1000 of the total number of shares issued by the public.

3, the purchase funds should be accounted for on (T+1), and the purchase funds will be frozen in the purchase account by the registration structure of the stock exchange. The purchase funds can not be accounted for in time due to the settlement system of the banks. (the red line http://www.hongqq.com collection and sorting) must be provided on the T+1 day, and the payment vouchers can be rearranged through the electronic communication system of the people's Bank of China, and ensure that the purchase funds are accounted for on the morning of T+2.

All the funds for purchase will be frozen in the purchase accounts of the designated clearing banks.

4. On the second day after the purchase date (T+2 days), the registration structure of the stock exchange should cooperate with the main underwriters and the accounting firms to verify the capital of the purchase funds, and the capital verification report of the accounting firm's Chu opera shall be used as the effective continuous purchase of the funds in real place (including the provisions of the people's Bank of China as stipulated in the regulations).

The stock exchange sends the symbol to the stock exchanges and announces the number of ballot papers through the trading network.

5, the third day (T+3 days) after the purchase date, the main underwriter shall be responsible for organizing the lottery number, and the result will be announced on the same day.

The stock exchange shall make liquidation and shareholder registration in accordance with the drawing lots.

6, fourth days after the purchase date (T+4 days), the purchase of the unsigned part will be thawed.