Svmuu News: According to the offering announcement for Changxin Technology’s initial public offering (IPO), national-level long-term investors—including the Social Security Fund and the Basic Pension Insurance Fund—as well as leading companies from upstream and downstream segments of the industry chain and major insurance companies participated in the strategic allocation.Shenzhen SanKuai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, and Chery Intelligent Automotive Technology (Hefei) Co., Ltd., among others, were allocated a total of 157,999,993.98 yuan, with a lock-up period of 18 months;Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. was allocated 157,999,993.98 yuan, with a lock-up period of 36 months.
Huanfang Quant participated in this offline IPO subscription at a proposed subscription price of 8.78 yuan per share, with a maximum proposed subscription quantity of 230 million shares per offline order; most of Huanfang’s products were submitted within the range of 70 million to 140 million shares.Huanfang Quant consists primarily of two entities: Zhejiang Jiuzhang and Ningbo Huanfang Quant. Both are registered with the Asset Management Association of China, and Liang Wenfeng is the actual controller of both. Specifically, Liang Wenfeng holds an 85% stake in Jiuzhang Asset and an 85.15% stake in Ningbo Huanfang Quant. (Shenzhen Network, Tencent News)