PONY Testing announced that, based on the inquiry subscription situation on July 22, 2025, the preliminary determined inquiry transfer price is RMB 7.06 per share. The number of institutional investors participating in this inquiry transfer bidding is 16, including qualified foreign investors, fund management companies, securities companies, private fund managers, and others. The number of valid subscribed shares is 34.38 million shares, corresponding to a valid subscription multiple of 2.1 times. The shares intended for transfer in this inquiry transfer have been fully subscribed, and the preliminary determined transferees are 9 institutional investors, with a total number of shares to be transferred of 16.366 million shares
