Jianbang Co., Ltd. (603285.SH) issued an announcement that, after excluding invalid quotes and the highest quotes, the issuer and the sponsor (lead underwriter) evaluated the reasonable investment value of the company, the valuation level of comparable companies in the secondary market, and the valuation level of the industry in the secondary market, taking into account the effective subscription multiple of offline investors, market conditions, fundraising needs, and underwriting risks, and negotiated and determined the issue price of this offering at 18.65 yuan/share.