On August 12, 2021, Shanghai Port began online quotation inquiries.

There is no transfer of old shares in Shanghai Port. According to the capital raised calculation disclosed in the prospectus, the estimated issue price of Shanghai Port is 13.87 yuan, and the estimated price-earnings ratio is 22.98 times, which is higher than the 7.18 times price-earnings ratio of the civil engineering and construction industry, and below the 23 times price-earnings ratio of the first IPO on the market.

In addition to securities investment funds, basic pension insurance funds, and social security funds managed by the investment manager of the social security fund, offline investors participating in the initial inquiry for quotations and their managed placements should have an average daily market value of unrestricted A-shares and unrestricted depository receipts in the Shanghai market 20 trading days (including the base date) before the benchmark date (including the base date).

Taking into account the initial number of shares issued offline and the valuation of the issuer, the sponsor (lead underwriter) set the minimum number of shares to be purchased for a single placement target designated by an offline investor to 1.5 million shares, and the minimum change in the number of shares to be purchased was set at 100,000 shares, that is, the portion of the proposed subscription amount of a single placement target specified by an offline investor exceeding 1.5 million shares must be an integer multiple of 100,000 shares. At the same time, the proposed number of shares to be purchased by a single placement target shall not exceed 4 million shares.