On October 22, 2021, Sanyangma opened an online quotation inquiry.

There are no transfers of old shares in Sanyangma. According to the calculation of capital raised disclosed in the prospectus, the estimated issue price is 16.00 yuan, and the estimated price-earnings ratio is 22.99 times, which is higher than the price-earnings ratio of the handling and transportation agency industry of 18.92 times, and below the price-earnings ratio of 23 times the initial IPO on the market.

In addition to securities investment funds, basic pension insurance funds, and social security funds managed by the investment manager of the social security fund, offline investors participating in the initial inquiry for quotations and their managed placements should have an average daily market value of unrestricted A-shares and unrestricted depository receipts in the Shenzhen market 20 trading days (including the base date) before the benchmark date (including the base date). Taking into account the initial number of shares issued offline and the valuation of the issuer, the sponsor (lead underwriter) set the minimum number of shares to be purchased for a single placement target designated by the offline investor at 800,000 shares, and the unit with the minimum change in the proposed number of shares to be purchased was 100,000 shares, that is, the portion of the proposed subscription amount of a single placement target specified by the offline investor must be an integer multiple of 100,000 shares. At the same time, the proposed number of shares to be purchased by a single placement target shall not exceed 2 million shares.