Jiangyin Biaobang Auto Parts Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (co lead underwriter): China Securities Co.Ltd(601066)
Co lead underwriter: Gf Securities Co.Ltd(000776)
hot tip
The application of Jiangyin Biao Auto Parts Co., Ltd. (hereinafter referred to as “Biao shares” or “issuer”) for the initial public offering of no more than 22.5 million common shares (A shares) (hereinafter referred to as “this offering”) has been examined and approved by the GEM Listing Committee of Shenzhen Stock exchange (hereinafter referred to as “Shenzhen Stock Exchange”), It has been approved for registration by China Securities Regulatory Commission (zjxk [2022] No. 3).
China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities”) serves as the sponsor (joint lead underwriter) of this offering, and Gf Securities Co.Ltd(000776) (hereinafter referred to as ” Gf Securities Co.Ltd(000776) “) serves as the joint lead underwriter of this offering ( China Securities Co.Ltd(601066) securities and Gf Securities Co.Ltd(000776) hereinafter collectively referred to as “joint lead underwriters”).
The issuer and the joint lead underwriters negotiated and determined that the number of shares to be issued this time is 22.5 million, and the issue price is 40.25 yuan / share. The issuing price of this offering shall not exceed the median and weighted average of offline investors’ quotation after excluding the highest quotation, as well as the securities investment fund, national social security fund, basic old-age insurance fund established through public offering after excluding the highest quotation The enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, etc., whichever is lower, so the relevant subsidiaries of the sponsor need not participate in the strategic placement. This offering does not arrange strategic placement to other external investors. According to the issuing price, the relevant subsidiaries of the sponsor will not participate in the strategic placement. Finally, this issuance will not be targeted to strategic investors. The difference between the initial strategic placement and the final strategic placement was 1125000 shares, which were transferred back to offline issuance.
This issuance is finally carried out by a combination of offline inquiry and placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-share shares or non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
After the strategic placement call back and before the online and offline call back mechanism was launched, the initial number of offline shares was 16.0875 million, accounting for 71.50% of the number of shares issued this time; The initial number of shares issued online was 6.4125 million, accounting for 28.50% of the number issued this time. The total number of shares issued offline and online will be 22.5 million, and the final number of shares issued online and offline will be determined according to the online and offline call back.
Flaunting shares initially issued 6.4125 million “flaunting shares” on February 9, 2022 (t day) using the online pricing of the trading system of Shenzhen Stock Exchange.
Please pay attention to the payment link of this offering and fulfill the payment obligation in time on February 11, 2022 (T + 2).
1. Offline investors shall, according to the announcement on the results of initial public offering of shares by Jiangyin advertised Auto Parts Co., Ltd. and listing on the gem offline preliminary placement, timely and fully pay the subscription funds for new shares according to the final issuance price and preliminary placement quantity before 16:00 on February 11 (T + 2) 2022.
The subscription funds shall be paid in full within the specified time. If the subscription funds are not paid in full within the specified time or as required, all the new shares allocated to the placing object shall be invalid. If the above-mentioned circumstances occur when multiple new shares are issued on the same day, all the placing objects are invalid. If different placing objects share bank accounts, if the subscription funds are insufficient, all the new shares allocated to the placing objects sharing bank accounts will be invalid. Offline investors are allocated multiple new shares on the same day. Please pay for each new share separately.
After the online investors win the lottery in the subscription of new shares, they shall fulfill the obligation of capital settlement according to the announcement on the results of Jiangyin advertised Auto Parts Co., Ltd. initial public offering and online lottery for listing on the gem, so as to ensure that their capital account will eventually have sufficient capital for the subscription of new shares on February 11 (T + 2) 2022, and the insufficient part shall be deemed to have given up the subscription, The resulting consequences and relevant legal liabilities shall be borne by the investors themselves. The transfer of investors’ funds shall comply with the relevant provisions of the securities company where the investors are located.
Shares abandoned by offline and online investors are underwritten by China Securities Co.Ltd(601066) securities.
2. Among the stocks issued this time, the stocks issued online have no circulation restrictions and limited sales period arrangements, and can be circulated from the date when the stocks issued this time are listed on the Shenzhen Stock Exchange.
The offline issuance part adopts the proportional sales restriction method, and the offline investors shall promise that the sales restriction period of 10% (rounded up) of the number of shares allocated to them is 6 months from the date of the issuer’s initial public offering and listing. That is, among the shares allocated to each placing object, 90% of the shares are sold indefinitely and can be circulated from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange; The sales restriction period of 10% of the shares is 6 months, and the sales restriction period starts from the date when the issued shares are listed and traded on the Shenzhen Stock Exchange.
When offline investors participate in the preliminary inquiry and quotation and offline purchase, they do not need to fill in the arrangement of the restricted sale period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online restricted sale period disclosed in this announcement.
3. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of this public offering, the issuer and the joint lead underwriter will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
4. If the offline investors who provide effective quotation fail to participate in the subscription or the offline investors who obtain the preliminary placement fail to pay the subscription amount in time and in full, it will be deemed as a breach of contract and shall bear the liability for breach of contract. The joint lead underwriters shall report the breach to the China Securities Association for the record. The number of violations of placing objects in the selected layers of gem, sci-tech innovation board, main board and national share transfer system shall be calculated together. During the period of being included in the restricted list, the relevant placing objects shall not participate in the offline inquiry and subscription of the initial stock projects on the gem, the science and innovation board, the main board and the shares of the national share transfer system to unspecified qualified investors and the projects listed on the selected layer.
If online investors fail to pay in full after winning the lottery for three times in a row within 12 months, they shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant’s latest declaration of abandonment of subscription. The number of times of giving up subscription shall be calculated according to the number of times of investors actually giving up subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the joint lead underwriters have made statistics on the subscription of this online offering. The number of effective subscription accounts of this online pricing offering is 12802530, the number of effective subscription shares is 65019664000, the total number of allotment numbers is 130039328, the starting number of allotment number is 00000000000 1, and the ending number is 000130039328.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Jiangyin advertised Auto Parts Co., Ltd. on its initial public offering and listing on the gem, the issuer and the joint lead underwriters decided to start the callback mechanism because the initial effective subscription multiple on the Internet was 10139.51875 times, higher than 100 times, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 4500000 shares) of the number of shares issued this time will be transferred back from offline to online. After the call back, the final number of offline shares issued was 11.5875 million, accounting for 51.50% of the total issued this time; The final number of shares issued online was 10.9125 million, accounting for 48.50% of the total issued this time. After the call back, the winning rate of this online pricing issuance was 0.0167833842%, and the subscription multiple was 5958.27391 times.
3、 Online lottery
The issuer and the co lead underwriters agreed to conduct lottery at Room 308, Shenye center, No. 5045, Shennan East Road, Luohu District, Shenzhen on the morning of February 10, 2022 (T + 1), and will publish the online lottery results on China Securities News, Shanghai Securities News, securities times and Securities Daily on February 11, 2022 (T + 2).
Issuer: Jiangyin advertised Auto Parts Co., Ltd. sponsor (co lead underwriter): China Securities Co.Ltd(601066) co lead underwriter: Gf Securities Co.Ltd(000776) February 10, 2022 (no text on this page) (seal page of announcement on online subscription and winning rate of Jiangyin advertised Auto Parts Co., Ltd. for initial public offering and listing on GEM)
Issuer: Jiangyin Biao Auto Parts Co., Ltd. (this page has no text, which is the seal page of the announcement on the online subscription and winning rate of Jiangyin Biao Auto Parts Co., Ltd. for its initial public offering of shares and listing on the GEM)
Sponsor (co lead underwriter): China Securities Co.Ltd(601066) mm / DD / yyyy (there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Jiangyin advertised Auto Parts Co., Ltd. for its initial public offering and listing on the GEM)
Co lead underwriter: Gf Securities Co.Ltd(000776) mm / DD / yy
