Long-term technology: RMB 8.66/unit issued for online and off-line acquisition on 16 July

ON 14 JULY, CHANGSUNG (688825.SH) ANNOUNCED THAT FOR THE FIRST TIME THE COMPANY HAD PUBLICLY ISSUED SHARES AND PLACED THEM ON THE BOARD AT A PRICE OF $8.66/EQUITY. INVESTORS ARE REQUESTED TO MAKE AN ONLINE AND OFFLINE REQUISITION ON 16 JULY 2026 (T-DAY) AT THIS PRICE, WITHOUT THE NEED TO PAY THE REQUISITION. OF THESE, THE TIME OF REQUISITIONS IS 9.30-15:00 AND 9.30-11.30 AND 13.15. THE NUMBER OF SHARES IN THIS INITIAL ISSUE WAS 668,808.8608 MILLION, REPRESENTING APPROXIMATELY 10.00 PER CENT OF THE TOTAL POST-ISSUE EQUITY, AND THE CHINESE GOLD COMPANY WAS GIVEN THE OPTION OF OVERSALE UP TO 15.00 PER CENT OF THE INITIAL ISSUE. THE CORRESPONDING PRICE OF ISSUANCE IN 2025 WAS 308.92 TIMES HIGHER THAN THE INDUSTRY AVERAGE OF 76.32 TIMES AND THE COMPARABLE AVERAGE OF 134.62 TIMES. IT IS EXPECTED THAT THE TOTAL AMOUNT RAISED WILL BE APPROXIMATELY 57,919 MILLION YUAN (BEFORE THE OPTION OF OVERSALE IS EXERCISED), OR 57,638 MILLION YUAN NET AFTER DEDUCTING THE COST OF ISSUANCE。