3. This issuance complies with the market-oriented pricing principle, where institutional investors quote prices based on their actual purchase intentions during the preliminary inquiry stage. The issuer and the sponsor (lead underwriter) determine the final issue price by considering the results of the preliminary inquiry, as well as taking into account factors such as the issuer's basic situation, future growth potential, and sales prestige. The issue price corresponds to a P/E ratio that may exceed the average P/E ratio level of comparable listed companies. Any investor participating in the offline subscription is deemed to have accepted the issue price. If investors do not agree with the pricing method or the issue price, they are advised not to participate in this subscription.
2. Investors intending to participate in this issuance must carefully read the "Summary of Prospectus for Initial Public Offering of Shenzhen Megachips Corporation" published on May 21, 2010, in China Securities News, Securities Times, Shanghai Securities News, and Securities Daily, as well as the full prospectus on the Giantide website (www.cninfo.com.cn). Pay particular attention to the sections labeled “Special Risk Warning” and “Risk Factors.” Fully understand the risks involved in the issuer's operations, independently assess its business condition and investment value, and make prudent investment decisions. Affected by political, economic, industry conditions, and management levels, the issuer’s operating status may change, and the resulting investment risk should be borne by the investors themselves.
5. All shares of the issuer are tradable. There is no lock-up period for the shares issued in this offering or for those allocated offline. For details regarding lock-up commitments and arrangements, please refer to the prospectus. These lock-up arrangements are voluntary commitments made by relevant shareholders based on corporate governance needs and operational stability, according to relevant laws and regulations.
6. In this issuance, each allocation object can only choose one method between online or offline subscription. All allocation objects participating in offline quotations, subscriptions, and allocations cannot participate in online subscriptions. Each investor can only use one qualified account for subscription; any subscription contrary to these rules will be considered invalid.
8. Before this issuance concludes, it must be approved by the exchange before being publicly traded on the exchange. If approval is not obtained, the issued shares will not be listed, and the issuer will refund the subscription amount plus bank interest at the same period to investors who participated in the online subscription.
4. Newly listed stocks may experience price increases due to market trends after listing. Neither regulatory authorities, issuers, nor sponsors (lead underwriters) can guarantee that stock prices will not fall below the issue price after listing. Investors should pay full attention to the risks inherent in market-based pricing, know that stock prices may fall below the issue price after listing, and genuinely enhance risk awareness, strengthen value investment concepts, and avoid blind speculation.
Issuer: Shenzhen Megachips Corporation
9. The issuer and sponsor (lead underwriter) earnestly request that investors participate in this issuance with a value investment mindset. We hope that investors who recognize the investment value of the issuer and wish to share in the issuer's growth outcomes will participate in the subscription. Any investor doubting the issuer's motives as purely "raising funds" should avoid participation.
10. This special announcement of investment risks does not guarantee the disclosure of all investment risks associated with this issuance. Investors are advised to fully understand the characteristics of the securities market and the various risks involved, rationally evaluate their own risk tolerance, and independently decide whether to participate in this issuance subscription based on their economic capability and investment experience.
Sponsor (Lead Underwriter): Guotai Junan Securities Co., Ltd.
7. Due to this issuance, the actual amount of funds raised by the issuer may exceed the amount required for the disclosed project investments. Regarding the use of the excess funds, the issuer has only provided preliminary disclosure in the prospectus. Although the issuer has established internal control systems for the storage, use, and management of raised funds, which will strictly comply with relevant regulations to standardize the use of raised funds and improve capital efficiency, improper use of funds could adversely affect the issuer's profitability. Please note the risks associated with the issuer's small-scale fundraising deployment.
Shenzhen Megachips Corporation (hereinafter referred to as "the issuer") will issue up to 56 million ordinary Renminbi shares (A-shares) through the trading system of the Shenzhen Stock Exchange and the electronic platform for offline issuance on May 31, 2010. The issuer and sponsor (lead underwriter) specially request that investors pay attention to the above content.
1. Any decision or opinion made by the China Securities Regulatory Commission or other government departments regarding this issuance does not constitute a substantive judgment or guarantee of the investment value of the issuer's stock or the interests of investors. Any statement contrary to this is false and misleading.