Red Board Technology's IPO on the Shanghai Stock Exchange has received "inquiries". The controlling shareholder indirectly holds over 95% of the shares.

On July 18th, Jiangxi Hongban Technology Co., Ltd. (referred to as Hongban Technology) applied for a change in the status of the Main Board listing review on the Shanghai Stock Exchange to "inquiry received". Minsheng Securities is its sponsoring institution, and it plans to raise 2.057 billion yuan. According to the prospectus, Hongban Technology focuses on the research, development, production, and sales of printed circuit boards, positioning its products in the mid-to-high-end application market. It is one of the companies in the industry with a high proportion of HDI board revenue and the ability to mass produce any interconnected HDI boards and IC carrier boards. The company has established a sound product structure, including HDI boards, rigid boards, flexible boards, rigid-flex hybrid boards, carrier boards, IC carrier boards, etc., providing customers with diversified product choices and one-stop services. The company's products are used in consumer electronics, automotive electronics, high-end displays, communication electronics, and other fields. In terms of equity structure, the actual controller of Hongban Technology is Ye Senran. Before this issuance, the controlling shareholder of the company, Hong Kong Hongban, held 95.12% of the company's shares, Same Time BVI owns 100% of Hong Kong Hongban, and Ye Senran owns 100% of Same Time BVI. Therefore, Ye Senran indirectly controls 95.12% of the company's shares and exercises 95.12% of the company's voting rights, making him the actual controller of the company. The funds raised in this issuance will be invested in the following projects: Financially, in the years 2022, 2023, and 2024, Hongban Technology's operating income is expected to be approximately 2.205 billion yuan, 2.34 billion yuan, and 2.702 billion yuan respectively. During the same period, the company's net profit is expected to be approximately 141 million yuan, 105 million yuan, and 214 million yuan respectively.