Yongtaiyun: summary of yongtaiyun's letter of intent for initial public offering

Yongtaiyun Chemical Logistics Co., Ltd

Yongtaiyun Chemical Logistics Co.,Ltd

(Room 301, No. 1, building 1, No. 17, Haifa Road, Beilun District, Ningbo City, Zhejiang Province)

Summary of letter of intent for initial public offering sponsor (lead underwriter)

(unit A02, 35 / F and 28 / F, Allianz building, 4018 Jintian Road, Futian District, Shenzhen)

Issuer statement

The purpose of the summary of this prospectus is only to provide the public with a brief information about this offering, and does not include all parts of the full text of the prospectus. The full text of the prospectus is also published on the website of the CSRC. Before making the subscription decision, investors should carefully read the full text of the prospectus and take it as the basis for investment decision.

If there is any doubt about this prospectus, the accountant's intention or any other professional adviser to the investor, it shall.

The issuer and all directors, supervisors and senior managers promise that there are no false records, misleading statements or major omissions in the prospectus and its abstract, and bear individual and joint legal liabilities for the authenticity, accuracy and completeness of the prospectus and its abstract.

The person in charge of the company, the person in charge of accounting and the person in charge of the accounting agency shall ensure that the financial and accounting materials in the prospectus and its abstract are true and complete.

The sponsor promises to compensate the investors in advance for the losses caused to the investors due to the false records, misleading statements or major omissions in the documents prepared and issued for the issuer's initial public offering of shares.

Any decision or opinion made by the CSRC and other government departments on this issuance does not indicate that it makes a substantive judgment or guarantee on the value of the issuer's shares or the income of investors. Any statement to the contrary is a false statement.

catalogue

The issuer declares that 1 catalog Section 1 tips on major issues Section 2 overview of this offering Section III basic information of the issuer twenty-six

1、 Basic information of the issuer twenty-six

2、 Historical evolution and restructuring of the issuer twenty-six

3、 Information about share capital twenty-seven

4、 Details of the issuer's main business twenty-nine

5、 Asset ownership related to the issuer's business and production and operation thirty-two

6、 Horizontal competition and related party transactions thirty-six

7、 Relevant information of directors, supervisors and senior managers thirty-eight

8、 Brief information of the controlling shareholder of the issuer and its actual controller forty-three

9、 Financial accounting information and management discussion and Analysis Section 4 Application of raised funds fifty-eight

1、 The specific arrangement and plan of the investment project with the raised funds fifty-eight

2、 Analysis of the development prospect of the project invested with raised funds 58 Section V risk factors and other important matters sixty-one

1、 Risk factors sixty-one

2、 Other important matters Section 6 parties to the offering and the timing of the offering sixty-eight

1、 All parties involved in this offering sixty-eight

2、 Important date of this offering and listing 68 Section VII documents for future reference sixty-nine

Section I tips on major issues

1、 Commitments on share locking, shareholding and reduction intention

(I) commitment of Chen Yongfu, the controlling shareholder and the actual shareholder of the company to reduce the shares held by Chen Yongfu

1. Within 36 months from the date of listing of the issuer's shares, I promise not to transfer or entrust others to manage the company's shares directly or indirectly held by me before the company's initial public offering of shares, nor will the company repurchase such shares.

2. If the closing price of the company's shares is lower than the IPO price for 20 consecutive trading days within 6 months after the listing of the company's shares, or the closing price is lower than the IPO price at the end of 6 months after the listing (if that day is not a trading day, it is the first trading day after that day), the share lock-in period will be automatically extended for 6 months based on the above lock-in period (in case of ex rights and ex interests during the period, the issue price shall be adjusted accordingly). The above commitments will not be invalid due to the change of my actual controller status.

3. If the shares of the company directly or indirectly held by me before the initial public offering of the company are reduced within two years after the expiration of the lock-in period, I will reduce them in a legal way. The total number of shares reduced within two years after the expiration of the lock-in period shall not exceed 40% of the total number of shares of the issuer directly or indirectly held by me, and shall be announced through the company three trading days before the reduction, And the reduction price shall not be lower than the initial public offering price of the company (if the company has ex rights and ex interests matters such as dividend distribution, share distribution, conversion of capital reserve to share capital, allotment of shares, the lower limit of the reduction base price and the number of shares will be adjusted accordingly). The above commitments shall not be invalid due to the change of my actual controller status. 4. During the period of being a director, supervisor or senior manager of the company, after the expiration of the lock up period of the company's shares held by me, the annual transfer of the company's shares shall not exceed 25% of the total number of the company's shares held directly or indirectly by me. I will not transfer my shares of the company within half a year after my resignation.

5. The reduction of my shares will comply with the relevant provisions of the CSRC on certain provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(II) commitment of Yongtai qintang, the person acting in concert of the company's controlling shareholders and the shareholder holding more than 5% of the shares, on the intention of share locking, shareholding and reduction

1. Within 36 months from the date of listing of the issuer's shares, the enterprise promises not to transfer or entrust others to manage the company's shares directly or indirectly held by the enterprise before the company's initial public offering, nor will the company repurchase such shares.

2. If the closing price of the company's shares is lower than the IPO price for 20 consecutive trading days within 6 months after the listing of the company's shares, or the closing price is lower than the IPO price at the end of 6 months after the listing (if that day is not a trading day, it is the first trading day after that day), the share lock-in period will be automatically extended for 6 months based on the above lock-in period (in case of ex rights and ex interests during the period, the issue price shall be adjusted accordingly).

3. If the company's shares held directly or indirectly before the company's initial public offering are reduced within two years after the expiration of the lock-in period, they will be reduced in a legal way. The total number of shares reduced within two years after the expiration of the lock-in period shall not exceed 40% of the total number of shares of the issuer held directly or indirectly by the company, and shall be announced through the company three trading days before the reduction, And the reduction price shall not be lower than the initial public offering price of the company (if the company has ex rights and ex interests matters such as dividend distribution, share distribution, conversion of capital reserve to share capital, allotment of shares, the lower limit of the reduction base price and the number of shares will be adjusted accordingly).

4. The reduction of shares of the enterprise will comply with the relevant provisions of the CSRC on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(III) commitments of shareholders holding more than 5% of shares Ningbo Zhonghui, Shangyu Jinghua, Shangyu qiantai, Shangyu qianbang, Deqing jinyecai and Hangzhou CAITONG on share locking, shareholding and reduction intention

1. Within 12 months from the date of listing of the issuer's shares, the enterprise promises not to transfer or entrust others to manage the company's shares directly or indirectly held by the enterprise before the company's initial public offering, nor will the company repurchase such shares.

2. If the company's shares held directly or indirectly before the company's initial public offering are reduced within two years after the expiration of the lock-in period, they will be reduced by legal means. The total number of shares reduced within two years after the expiration of the lock-in period shall not exceed 100% of the total number of shares of the issuer held directly or indirectly by the company, The reduction shall be announced through the company three trading days before the reduction (except when the total proportion of shares held by the enterprise and the persons acting in concert of the enterprise is less than 5%), and the reduction price shall be determined according to the secondary market price at the time of reduction.

3. The reduction of shares of the enterprise will comply with the relevant provisions of the CSRC on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(IV) commitment of Wang Qiaoling, a shareholder holding more than 5% of shares, on share locking, shareholding and reduction intention

1. Within 36 months from the date of listing of the issuer's shares, I promise not to transfer or entrust others to manage the company's shares directly or indirectly held by me before the company's initial public offering of shares, nor will the company repurchase such shares.

2. If the shares of the company directly or indirectly held by me before the initial public offering of the company are reduced within two years after the expiration of the lock-in period, I will reduce them in a legal way. The total number of shares reduced within two years after the expiration of the lock-in period shall not exceed 100% of the total number of shares of the issuer directly or indirectly held by me, It shall be announced through the company three trading days before the reduction (except when the total proportion of shares held by myself and the person acting in concert is less than 5%), and the reduction price shall be determined according to the secondary market price at the time of reduction.

3. The reduction of my shares will comply with the relevant provisions of the CSRC on certain provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(V) commitments of shareholders holding less than 5% Zhejiang Longsheng Group Co.Ltd(600352) , Runtu Jinheng and Zhuji Wenchen on share locking, shareholding and reduction intention

1. Within 12 months from the date of listing of the issuer's shares, the enterprise promises not to transfer or entrust others to manage the company's shares directly or indirectly held by the enterprise before the company's initial public offering, nor will the company repurchase such shares.

2. The reduction of shares of the enterprise will comply with the relevant provisions of the CSRC on the reduction of shares by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the detailed rules for the implementation of share reduction by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(VI) shareholders holding less than 5% of shares talk about the commitment of Guoliang and Peng Xunhua on share locking, shareholding and reduction intention

1. Within 36 months from the date of listing of the issuer's shares, I promise not to transfer or entrust others to manage the company's shares directly or indirectly held by me before the company's initial public offering of shares, nor will the company repurchase such shares.

2. The reduction of my shares will comply with the relevant provisions of the CSRC on certain provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(VII) commitment of Zhao Weiyao, a shareholder holding less than 5%, on share locking, shareholding and reduction intention

1. Within 12 months from the date of listing of the issuer's shares, I promise not to transfer or entrust others to manage the company's shares I directly or indirectly hold before the company's initial public offering, nor will the company repurchase such shares.

2. The reduction of my shares will comply with the relevant provisions of the CSRC on certain provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange.

(VIII) commitments of directors, supervisors and senior managers who indirectly hold shares of the company, song Lei, Wu Jin and Zhou Xiaoyan on share locking, shareholding and reduction intention

1. Within 12 months from the date of listing of the issuer's shares, I promise not to transfer or entrust others to manage the company's shares directly or indirectly held by me before the company's initial public offering of shares, nor will the company repurchase such shares.

2. If the closing price of the company's shares is lower than the IPO price for 20 consecutive trading days within 6 months after the listing of the company's shares, or the closing price is lower than the IPO price at the end of 6 months after the listing (if that day is not a trading day, it is the first trading day after that day), the share lock-in period will be automatically extended for 6 months based on the above lock-in period (in case of ex rights and ex interests during the period, the issue price shall be adjusted accordingly). The above commitments will not be invalid due to my resignation or job change.

3. If the shares of the company directly or indirectly held by me before the initial public offering of the company are reduced within two years after the expiration of the lock-in period, I will reduce them in a legal way. The total number of shares reduced within two years after the expiration of the lock-in period shall not exceed 40% of the total number of shares of the issuer directly or indirectly held by me, It shall be announced through the company three trading days before the reduction (except when the total proportion of shares held by myself and the person acting in concert is less than 5%), and the reduction price shall not be lower than the initial public offering price of the company (if the company has ex rights and ex interests matters such as dividend distribution, share distribution, conversion of capital reserve into share capital, allotment of shares, the lower limit of the reduction base price and the number of shares will be adjusted accordingly). The above commitments will not be invalid due to my resignation or job change.

4. During the period of being a director, supervisor or senior manager of the company, after the expiration of the lock up period of the company's shares held by me, the annual transfer of the company's shares shall not exceed 25% of the total number of the company's shares held directly or indirectly by me. I will not transfer my shares of the company within half a year after my resignation.

5. The reduction of my shares will comply with the provisions of the CSRC on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies, the stock listing rules of Shenzhen Stock Exchange, the guidelines for the standardized operation of listed companies of Shenzhen Stock Exchange, and the implementation rules for the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies of Shenzhen Stock Exchange

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