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June 14th

Jiangsu MILAN SPORTS Sports Technology Co., LTD

On the Shenzhen Stock Exchange

Ring the bell to open the market

The stock code is 301287

The company intends to issue 16.67 million shares to the public

The issue price is 40.11 yuan/share

Became the first listed company in Pizhou

The 14th A-share listed company in Xuzhou

A healthy future, a source of strength

As a comprehensive service provider of fitness equipment, Jiangsu MILAN SPORTS Sports Technology Co., Ltd. was founded in 1998. After years of development, it has formed a business system of complementary integration of three series of home, commercial and outdoor based on comprehensive trainers and free strength trainers. It is a leader in the domestic fitness equipment industry and a leader in home fitness equipment. National fitness comprehensive service provider. The company's own brands such as "JXFITNESS", "MILAN SPORTS" and "WINNOW" have been fully recognized by customers and exported to home and abroad after years of operation and accumulation.

MILAN SPORTS began to prepare for the listing in 2007, completed the share reform and listing of the joint stock company in November 2020, reported to the Provincial Securities Regulatory Bureau for guidance and record in December of the same year, passed the provincial Securities Regulatory Bureau for guidance and acceptance on November 3, 2021, and submitted to the Shenzhen Stock Exchange for review. On August 11, 2022, it was reviewed and approved at the 51st Municipal Committee meeting of the Shenzhen Stock Exchange, and on May 9 this year, the China Securities Regulatory Commission agreed to register the initial public offering.

Wang Jianfeng, Deputy Secretary of Xuzhou Municipal Committee and Mayor, Chen Shaojun, Director of Jiangsu Provincial Sports Bureau, Zhou Tianwen, Secretary General of Xuzhou Municipal Government, Wang Wei, Deputy Secretary of Xuzhou Municipal Committee and Mayor, Fu Xu, Standing Committee Member and Executive Vice Mayor of Xuzhou Municipal Committee, and Heng Dunjian, Chairman of Jiangsu MILAN SPORTS Sports Technology Co., Ltd. attended the listing ceremony of Shenzhen Stock Exchange MILAN SPORTS to witness this historic moment.

Mayor Wang Jianfeng, on behalf of Xuzhou Municipal Party Committee and Municipal Government, warmly congratulated MILAN SPORTS on its listing!

Wang Jianfeng speaks

The capital market is an important part of the modern financial system and plays an important role in boosting the development of the real economy and promoting transformation and upgrading. Xuzhou Municipal Committee and municipal government have always attached great importance to the development of the capital market, vigorously promoted the "Pengcheng Plan" of enterprise listing, and constantly deepened the service mechanism of "increasing factors, solving problems, and promoting development" to empower enterprises to grow.

As a representative of Xuzhou local manufacturing industry, MILAN SPORTS has been deeply engaged in the fitness equipment industry for more than 20 years. Today, MILAN SPORTS successfully listed on the Shenzhen Stock Exchange, which is not only an important milestone in the development of the enterprise, but also another major achievement in the construction of the capital market of our city.

It is hoped that MILAN SPORTS will take the listing as a new starting point, seize the strategic development opportunities that are continuously released by the national layout of the health industry and market demand, enhance its core competitiveness with scientific and technological innovation, enhance its comprehensive strength with capital operation, and help the construction of "healthy China" and "sports power" with more professional products and meticulous services. Return the trust and support of investors.

Qian Junwen delivered a speech

At the listing ceremony of MILAN SPORTS, Qian Junwen, secretary of the Party Committee and chairman of Donghai Securities, said in his speech that MILAN SPORTS is a high-tech enterprise focusing on the development, manufacturing and sales of multi-series, differentiated and customized fitness equipment with comprehensive trainers as the core. The company has been deeply engaged in the fitness equipment industry for more than 20 years, created a rich product system, professional product quality, accumulated a wide range of customer groups, participated in the formulation of a number of national and industry standards, and promoted the overall development of China's fitness equipment industry.

As the sponsor and main underwriter of MILAN SPORTS, in the process of long-term cooperation with MILAN SPORTS, Donghai Securities has deeply understood the vigorous vitality and stable and long-term work style of MILAN SPORTS, and hopes that MILAN SPORTS can rely on the strength of the capital market, give full play to the advantages of core technology and products, accelerate the development of main business, and continuously improve the profitability level. To create greater value and returns for society and shareholders.

Chairman Heng Dunjian delivered a speech

In his speech, Mr. Heng Donjian, chairman of MILAN SPORTS, said that MILAN SPORTS has specialized in the fitness equipment industry for more than 20 years, constantly expanding and strengthening the product system, industrial scale, customer base, and improving manufacturing strength and innovation level. The company has always walked on the fast track of sustainable development and become a leader in the national fitness equipment industry.

In 2014, the state raised the sports industry as a national strategy, the sports industry ushered in a new development opportunity, MILAN SPORTS has since entered a period of high-quality development, formed a comprehensive training equipment and family strength equipment as the leading, home, commercial, outdoor three series of complementary integration of the business system.

Looking to the future, Hengdun Construction said that MILAN SPORTS will seize new opportunities, implement new projects, gather new momentum, do everything possible to open up the market, do a good brand, enhance competitive strength, and strive to create more value for users, create more benefits for shareholders, create more opportunities for employees, create more benefits for society, and make greater contributions to sports power and healthy China.

With the bell ringing, the company's stock opened at 55 yuan per share on the first day of listing, up 37.12% from the issue price.

On June 5, Jiangsu MILAN SPORTS Sports Technology Co., Ltd. officially opened the subscription, the landing on the GEM, MILAN SPORTS this public issue of 16.67 million shares, the total share capital after the issue of 66.67 million shares, the issue price is 40.11 yuan/share, the issue is expected to raise funds of about 669 million yuan.