On April 20, 2021, Huatong Cable began an offline quotation inquiry.

There is no transfer of old shares of Huatong Cable. According to the capital raised disclosed in the prospectus, the estimated issue price of Huatong Cable is 5.05 yuan. The estimated price-earnings ratio is 21.09 times, which is lower than the monthly average price-earnings ratio of the electrical machinery and equipment manufacturing industry of 36.68 times, and below the red line of 23 times the price-earnings ratio of the first IPO on the market.

Placement targets other than securities investment funds, basic pension insurance funds, and social security funds managed by social security fund investment managers participating in offline inquiries should have a total daily market value of 60 million yuan (inclusive) or more of unrestricted stock and unrestricted depository certificates held in the Shanghai market during the first 20 trading days of April 16, 2021 (T-6, including that day). The minimum number of shares to be purchased for each placement target managed by an offline investor is set at 4 million shares, and the minimum change in the number of shares to be purchased is set at 100,000 shares. In other words, the portion of each placement object managed by an offline investor that exceeds 4 million shares must be an integer multiple of 100,000 shares and not more than 8 million shares.