On June 18, 2021, Decai shares opened an offline inquiry.

There is no transfer of old shares of Decai shares. According to the calculation of the raised funds disclosed in the prospectus, it is estimated that the offering price of Dencai shares is 31.56 yuan, with an estimated price-to-earnings ratio of 18.45 times, which is lower than the one-month average price-to-earnings ratio of 20.46 times for architectural decoration and other construction industries, and below the red line of 23 times earnings for initial public offerings.

The average daily market value of unrestricted A shares and unrestricted depositary receipts in Shanghai market held by securities investment funds, basic old-age insurance funds and social security funds other than social security funds managed by social security fund investment managers should be more than 60 million yuan (including) 20 trading days before the benchmark date.

The minimum number of shares to be purchased by each allotment object managed by offline investors is set at 800000 shares, and the portion exceeding 800000 shares must be an integral multiple of 100000 shares, and the number of shares to be purchased by each allotment object shall not exceed 1.6 million shares.