[Changxin Technology's Strategic Placement Shares 'Halved,' Actual Subscription Shares Shrink by About Half] Odaily Planet Daily News: The final subscription results for Changxin Technology's strategic placement have been announced. The initial allocation of shares for 30 strategic placement investors was 3.344 billion shares, but the actual final subscription amounted to 1.667 billion shares, representing a shrinkage of about half. This has sparked market speculation. Reportedly, this is related to common practices within the industry. For the number of shares in strategic placements, the initial design often adheres to the regulatory upper limit, leaving room for redundancy. For Changxin Technology's large-scale issuance, the upper limit for strategic placement allocation was 3.344 billion shares (50% of the issuance volume), with adjustments made later based on actual circumstances. It is noted that although the actual subscription quantity decreased, the actual subscription amount from the 30 strategic placement investors remained consistent with their initial commitment of 14.437 billion yuan. Additionally, the difference in shares was transferred to online subscriptions, significantly increasing the success rate of online IPO applications. (Jin10)