On July 20, 2018, Huide Technology opened an offline inquiry. The company has no transfer of old shares. According to the disclosure in the company's prospectus of intent to raise capital, issuance costs, and issuance volume, it is estimated that Huide Technology's issuance price is 19.60 yuan, corresponding to a price-earnings ratio of 22.99 times, slightly higher than the average monthly price-earnings ratio of the chemical raw materials and chemical products manufacturing industry of 21.87 times, but below the red line of 23 times the price-earnings ratio. Market capitalization requirements: Investors participating in this offline inquiry must hold an average daily value of at least 60 million yuan (inclusive) of unrestricted A-shares and unrestricted depository certificates in the Shanghai market for the first 20 trading days (including T-6) on July 18, 2018 (T-6). Taking into account the initial number of offline issues and the valuation of the issuer by the sponsor agency (lead underwriter) during this preliminary inquiry stage, the sponsor (lead underwriter) set the minimum proposed purchase quantity for each placement target managed by the offline investor to 2 million shares, and the minimum change unit for the proposed purchase quantity to 100,000 shares, that is, the portion of the proposed purchase volume of more than 2 million shares for each placement target managed by the offline investor must be an integer multiple of 100,000 shares, and not more than 4 million shares. The minimum unit price for the placement target is 0.01 yuan.