On September 21, Kingsemi made an announcement revealing that, following the collection of quotes from institutional investors, the initial transfer price has been determined to be RMB 320.97 per share. This inquiry-based transfer initiative garnered active involvement from 33 institutional investors, encompassing fund management firms, securities companies, insurance providers, eligible foreign institutional investors, private fund managers, trust companies, and more. Collectively, these institutional investors submitted valid subscriptions totaling 8.176 million shares, with the effective subscription volume reaching 4.05 times the base transfer price. At present, the shares earmarked for transfer through this inquiry-based mechanism have been fully subscribed. Moreover, 16 institutional investors have been tentatively selected as transferees, with plans to acquire a combined total of 2.021003 million shares.