Gemstone Co., Ltd.: The initial public offering of 26.1 million shares, with a final online subscription rate of 0.05%.

Fen Shi Corporation announced that the number of shares issued this time is 261 million shares, accounting for approximately 15% of the total share capital after the issuance. Both the initial and final strategic placement amounts were 78.3165 million shares, accounting for 30% of the total issuance quantity. The initial online issuance amount was 54.8215 million shares. Due to the preliminary effective subscription multiple exceeding 100 times, the callback mechanism was initiated, and 73.0955 million shares were transferred from offline to online. The final offline issuance amount was 54.8215 million shares, accounting for 30% of the issuance quantity after deducting the strategic placement portion; the final online issuance amount was 128 million shares, accounting for 70%. The final winning rate of online issuance was 0.04876427%. The online lottery draw for subscription will be conducted on January 20, 2026, and the winning results will be announced on the 21st.