Puon Medical March 18 Subscription Guide

(Source: Sci-Tech Innovation 100 ETF Fund)

Pu’ang Medical subscription code 920069, subscription price $18.38, maximum of 476,200 shares per account, subscription quantity in multiples of 100 shares.

Pu’ang Medical Subscription Guide >>>

【Subscription Guide】

Tonghuashun (300033) iFinD data shows that Pu’ang Medical will be available for subscription on March 18, stock code 920069, subscription code 920069, with 9,524,500 shares issued online, at a price of $18.38 per share, with an issuance P/E ratio of 14.99.

【Company Overview】

Pu’ang (Hangzhou) Medical Technology Co., Ltd. specializes in R&D, production, and sales of diabetes care, general infusion devices, and minimally invasive interventional medical devices. The company’s main products include insulin pens, safety insulin pens, insulin syringes, capillary blood sampling needles; various conventional and safety syringes, injection needles, venipuncture needles, vascular access devices; biopsy needles, disposable endoscopic interventional medical devices, etc. In 2022, the company was recognized as a national-level “Little Giant” enterprise specializing in niche and innovative fields. It has also received awards such as the “2024 China Automation Society Science and Technology Progress Second Prize,” Zhejiang Provincial High-Tech Enterprise R&D Center, Zhejiang Provincial Enterprise Research Institute, Zhejiang Science and Technology Progress Third Prize, Zhejiang Mechanical Industry Science and Technology Award Third Prize, Zhejiang Intellectual Property Demonstration Enterprise, 2024 Zhejiang Excellent Industrial Products, and 2023 Hangzhou Quasi-Unicorn Enterprise, among other technological innovation honors.

【Issuance Schedule】

【Latest and Most Complete New Stock Application Manual】

Chapter 1: Market Value - Do I qualify to subscribe for new stocks?

Q: How much funds do I need to hold?

A: According to new regulations, investors must hold an average daily market value of at least 10,000 Yuan for the 20 trading days before T-2.

Q: For example, if I hold 200,000 Yuan worth of Shenzhen stocks in my account before market close on January 20, can I subscribe for it on January 22?

A: Yes, with an average daily market value of 10,000 Yuan, you can apply for 1,000 shares. However, if you haven’t purchased stocks after the 20th, you cannot subscribe for Gaolan Shares regardless of how much you buy afterward.

Q: I hold Shanghai stocks with an average daily market value over 10,000 Yuan. Can I subscribe for Gaolan Shares?

A: No. Shanghai and Shenzhen markets are separate. Holding Shanghai stocks only qualifies you to subscribe for Shanghai new stocks; the same applies to Shenzhen.

Q: I haven’t opened the ChiNext (Growth Enterprise Market) yet. Can I subscribe for ChiNext new stocks?

A: No. You need to open the ChiNext account before subscribing.

Q: Do I need to calculate my eligible subscription amount myself?

A: No, you can check your available quota when applying.

Chapter 2: Subscription - Issues on the actual subscription day

Q: What is the subscription process?

A: For most investors, it’s similar to buying stocks in previous years, even under the new policy. For example, with Gaolan Shares, enter stock code 300499 in your trading account, the price is fixed, and select “Maximum Buy” for quantity. Note that Shanghai’s subscription code differs from the stock code; for example, the stock issued on January 27, Dongfang Fashion (603377), has stock code 603377 but subscription code 732377. Shenzhen’s subscription code is the same as the stock code.

Q: If my subscription quota is 2,000 shares, can I apply twice on the same day?

A: No, the system only supports one application per account. It’s recommended to apply for the full amount in the first attempt.

Q: I have multiple accounts. Can I apply for a little from each?

A: No. The system only recognizes the first application per investor; subsequent applications are invalid.

Q: To increase my market value, should I consolidate stocks into one account?

A: No need. The system automatically calculates the total market value across all accounts.

Q: Can I entrust my broker to apply for me?

A: No. You need to operate manually yourself.

Chapter 3: Winning - Did I “win” the lottery?

Q: How to check the result?

A: 1. Check the allocation number. For example, if you apply for 5,000 shares of a ChiNext stock with a starting allocation number of 1,309,720, and 500 shares per allocation, you have 10 allocations. The result is announced on T+1, and you compare the last digits of your allocation number with the draw. 2. Check the trading software. On T+2, open your trading app; if the new stock still appears, you’ve won; if not, you didn’t. You can also check on T+1 evening. If you applied for 5,000 shares but only see 500 or 1,000 shares in your account, congratulations, you’ve won! Generally, if the number of shares in your account is less than your application amount, you’ve won.

Chapter 4: Follow-up - I got the new stock, when do I pay?

Q: The result is announced on T+2. When will the funds be available?

A: You can check the result on the evening of T+1, and early morning of T+2. Try to pay early.

Q: If the T+2 result is announced on a Sunday, how do I pay?

A: Holidays are excluded.

Q: The funds are supposed to arrive by T+2 end of day. Should I transfer after work?

A: Absolutely not. Remember, the bank-securities system closes at 16:00, and transfers after that are not possible. All funds must be in before 4 PM.

Q: Can I use the proceeds from selling stocks on T+2 to pay for the subscription?

A: Yes.

Q: If I apply for 5,000 shares and win one allocation, do I pay for 5,000 or 500 shares?

A: 500 shares.

Q: I have enough funds in my account. Do I need to do anything after winning?

A: No, the system will automatically deduct the payment.