Wisetong Finance APP News, Shangda Corporation (301522.SZ) announced that the number of valid online subscription accounts for the company's initial public offering of stocks is 9,660,419 accounts, with a valid subscription amount of 114,091,873,500 shares. Due to the initial online subscription oversubscription ratio of 5,113.47587 times, which is more than 100 times, the issuer and underwriter (lead underwriter) have decided to initiate a callback mechanism. After the callback, the winning rate for this online issuance is 0.0325939078%, with a valid subscription oversubscription ratio of 3,068.05802 times.