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china economic net, beijing, september 19th. the shenzhen stock exchange website disclosed yesterday its decision to terminate the review of the initial public offering and listing on the growth enterprise market of the ninth design and research institute of the machinery industry co., ltd. (referred to as "ninth design and research institute of the machinery industry").

on june 14, 2022, the shenzhen stock exchange accepted the application documents for the initial public offering and listing on the growth enterprise market of the ninth institute of machinery industry in accordance with the law, and conducted an examination in accordance with the law. recently, the ninth institute of machinery industry submitted to the shenzhen stock exchange the "application of the ninth institute of machinery industry design and research institute co., ltd. to withdraw the application documents for the initial public offering and listing on the growth enterprise market", and the sponsor submitted to the shenzhen stock exchange the "application of citic construction investment securities co., ltd. to withdraw the application documents for the initial public offering and listing on the growth enterprise market of the ninth institute of machinery industry design and research institute co., ltd.". in accordance with the relevant provisions of article 62 of the "shenzhen stock exchange stock issuance and listing review rules (revised in 2024)", the shenzhen stock exchange decided to terminate the review of the initial public offering and listing of the ninth institute of machinery industry on the growth enterprise market.

the 9th institute of machinery passed the initial public offering on january 17, 2023. the main questions raised by the gem listing committee at its 4th review meeting in 2023 are:

1. ruiyun investment, the largest shareholder of the issuer, holds 42.33% of the shares of the issuer. the issuer has determined that there is no controlling shareholder or actual controller in the past two years. the articles of association and the rules of procedure of the shareholders' meeting stipulate that major matters must be approved by more than two-thirds of the valid votes held by the shareholders attending the meeting. please explain whether the voting rights enjoyed by ruiyun investment have a significant impact on the resolutions of the issuer's shareholders' meeting and whether ruiyun investment constitutes actual control over the issuer. please ask the sponsor to express a clear opinion.