What Is a Market On Close?

The closing price refers to the closing price of the Shanghai Stock Exchange, which is the volume-weighted average price of all transactions (including the last transaction) one minute before the last transaction of the security on that day. If there is no transaction on that day, the previous closing price is the closing price on that day. The Shenzhen Stock Exchange's closing price is generated through a collective auction. If the closing call does not produce a closing price, the trading volume weighted average price (including the last transaction) of all transactions one minute before the last transaction of the security on that day is the closing price. If there is no transaction on that day, the closing price of the previous day is the closing price of that day.

Closing price

Closing price refers to the closing price of the Shanghai Stock Exchange for all transactions one minute before the last transaction of the security on that day

Closing price, ^[1]

1.Calculation method of closing price

Closing will be implemented 3 minutes before the close of 3pm

Closing price means

Open high: refers to today's opening price above yesterday's closing price.

Kaiping: Today's opening price was flat at yesterday's closing price.

Open low: Today's opening price is below yesterday's closing price.

Closing price

The price of the non-public offering of shares is not less than 90% of the average price of Tongji Technology stock trading 20 trading days before the pricing benchmark date, that is, not less than RMB 7.24 per share (Note that Tongji Technology stock trading is 20 trading days before the pricing benchmark date. Price = total trading volume of Tongji Technology stocks 20 trading days before the pricing reference date ÷ total trading volume of Tongji Technology stocks 20 trading days before the pricing reference date);

Close price issue quantity

(1) The upper limit of the number of non-public shares issued to specific investors is 69 million shares, and the lower limit is 20 million shares;

(2) Tongji Assets, which has been identified as the issuer, will participate in the subscription of the shares to be issued with cash of 150 million yuan;

From the end of the issuance, the shares issued by Tongji Assets for the current issue shall not be transferred within 36 months; the shares subscribed by the remaining issuers shall not be transferred within 12 months. After the sale restriction period ends, the circulation or trading of the shares issued this time will be implemented in accordance with the relevant regulations of the China Securities Regulatory Commission and the Shanghai Stock Exchange.

Closing price

(1) Shanghai Tongji Asset Management Co., Ltd., the controlling shareholder of the issued company;

(2) Unidentified issuers will select securities investment fund management companies, securities companies, trust and investment companies (with their own funds), finance companies, insurance institutional investors, qualified foreign institutional investors, and Other legal investors who submitted a letter of intent for subscription after the announcement of the board of directors' non-public issuance of this resolution;

(3) The total number of issuers who have finally obtained shares of this non-public offering is not more than 10. Except for Tongji Assets which have been identified as the issue targets, the remaining issuers will be underwritten by the company and the lead after obtaining the approval for this non-public offering The quotient (sponsoring agency) is determined based on the price of the offer, the quantity and the priority of the time according to the subscription offer of the issue object.