China Naming Network - Naming consultation - If the subscription of new shares is unsuccessful, will the original funds be returned to the account? Do you still need to charge a handling fee?

If the subscription of new shares is unsuccessful, will the original funds be returned to the account? Do you still need to charge a handling fee?

If the subscription of new shares is unsuccessful, the original amount of funds will be returned to the account, and no handling fee will be charged.

New share subscription process:

(1) Investor subscription (T day). Subscribe on the day of subscription (T day) according to the issuance announcement and subscription method.

(2) fund freezing, capital verification and transfer (T+ 1). On the first day after the subscription date (T+ 1), the clearing company will freeze the subscription funds. Before 4pm, all subscribed funds must be in place, and the clearing company will cooperate with the qualified accounting firm designated by the Exchange to verify the subscribed funds, and the accounting firm will issue a capital verification report, and the funds actually put in place by the Exchange will be numbered as valid subscriptions (that is, after 4pm, the capital will be verified, the valid subscriptions will be confirmed and numbered according to relevant regulations).

(3) lottery and lottery processing (T+2 days). On the second day after the subscription date (T+2), the determined issue price and winning rate will be announced, and the lottery and winning will be handled according to relevant regulations.

(4) Funds are unfrozen (T+3 days). Announce the winning results on the third day (T+3) after the subscription date, and unfreeze the funds and pay the subscription funds for new shares according to relevant regulations.