Lin Zengchuangzhu CEO Lin Tianhui said that the company will strengthen its strength and expand its market territory through this listing. He also believes that the prospects for private projects in my country's construction industry are strong, and seeing that the government is committed to protecting local cultural heritage and promoting revitalization and reuse, the prospects for urban regeneration will be very good.

In addition, Lin Zengchuang Construction also plans to pay no less than 30% of its profit as dividends in each fiscal year ending this year and next June 30.

In this initial public sale, Lin Zengchuangzhu issued a total of 49 million shares, with a selling price of 0.25 yuan per share.

Lum Chang Creations, which will be listed at 9 a.m. next Monday (July 21), received 47.3 times the public oversubscribe.

Lin Zengchuangzhu issued a statement on Friday (18th) stating that as of 12 noon on Thursday (17th), a total of 599 applications were received for the 1 million shares issued to the public, with a total of 47.3 million shares involved, which is equivalent to 47.3 times the oversubscription, and the amount received was about 11.8 million yuan.

The 48 million shares allocated by the underwriter and the allotment agent have also been fully subscribed, and the application amount received is RMB 12 million. Overall, Lin Zengchuangzhu received twice the oversubscription.