More than 6000 employees get shares! Shangfeng Building Materials Shareholding Enterprises Will "Create Wealth" in Batch

of July 9, Changxin Science and Technology, the leading DRAM company in China, disclosed its prospectus, securities code 688825, online/offline subscription date on July 16-to issue 6.688 billion shares (about 10% of the total equity after issuance), raising 29.5 billion yuan, which is the largest A-share IPO in 2026, and the largest A-share IPO in 2026. It is also the second largest IPO since the opening of the board (after SMIC 20.7 billion). According to the data disclosed in the prospectus

of Changxin Science and Technology, Changxin Science and Technology has implemented two employee stock ownership plans before listing, with a total of 6760 awards, covering the company's management personnel, business backbone, core technica l personnel and key employees in the production line, which is one of the largest pre-listing equity incentives in the semiconductor industry.

The first phase of the employee stock ownership plan has been implemented since September 2021. As of the signing date of the prospectus, 9 grants have been completed, with a total of 3596 grants, and the grant price is 1.05 yuan/registered capital; The second phase of the employee stock ownership plan has been implemented since June 2023. As of the signing date of the prospectus, seven grants have been completed, with a total of 3164 grants, and the grant price is 0.108 yuan/registered capital.

It is reported that the market value of Changxin Science and Technology may reach 2 trillion yuan after listing, and many employees can become multimillionaires by shares after listing.

At the same time, Zhu Yiming, founder and chairman of Changxin Science and Technology, voluntarily promised to allocate 768 million shares to employees as an incentive, which is expected to exceed 20 billion yuan in market value. Even if the 1929 employees of Changxin Science and Technology are divided equally at the end of 2025, each of them can get more than one million yuan, and the market value of this employee incentive has become the largest individual equity incentive in the history of a shares.

It is worth noting that Changxin Science and Technology is one of the most successful investments in the cross-border semiconductor industry of Shangfeng Building Materials, a domestic cement enterprise. According to the data, Shangfeng Material (000672) indirectly holds about 0.1517% of Changxin Science and Technology before its issuance. The listing of Changxin Science and Technology not only brings huge investment returns to Shangfeng Materials, but also highlights the excellent investment vision of Shangfeng Materials.