Chengdu kunhengshunwei Technology Co., Ltd
Initial public offering and listing on the science and Innovation Board
Announcement of issuance results
Sponsor (lead underwriter):
hot tip
The application of Chengdu kunhengshunwei Technology Co., Ltd. (hereinafter referred to as “kunhengshunwei”, “issuer” or “company”) for initial public offering of 21 million ordinary shares (A shares) (hereinafter referred to as “this offering”) has been examined and approved by the members of the stock listing committee of the science and Innovation Board of Shanghai Stock Exchange, It has been approved for registration by China Securities Regulatory Commission (hereinafter referred to as “CSRC”) zjxk [2022] No. 9.
Minsheng Securities Co., Ltd. (hereinafter referred to as “Minsheng securities” or “sponsor (lead underwriter)”) serves as the sponsor (lead underwriter) of this offering. The issuer’s stock is referred to as “Kun Heng Shun Wei” for short, and the extension is referred to as “Kun Heng Shun Wei” for short, with the stock code of 688283.
This issuance adopts directional placement to strategic investors (hereinafter referred to as “strategic placement”) Offline inquiry placement to qualified offline investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-Shares and non restricted depositary receipts market value in Shanghai market (hereinafter referred to as “online issuance”). The issuer and the sponsor (lead underwriter) comprehensively evaluated the issuer’s reasonable investment value, the number of shares issued in this public offering, the secondary market valuation level of comparable companies, the secondary market valuation level of their industry, market conditions, demand for raised funds and underwriting risks, and negotiated and determined that the issue price is 33.80 yuan / share and the issue quantity is 21 million shares, All new shares are issued without transfer of old shares.
The initial strategic placement of this offering is expected to issue 3.15 million shares, accounting for 15.00% of the total number of this offering. The subscription funds promised by the strategic investors have been remitted to the bank account designated by the lead underwriter within the specified time. The final strategic placement of this issuance is 26473380 shares, accounting for 12.61% of the total issuance. The difference between the initial strategic placement and the final strategic placement is 50266200 shares, which are transferred back to the offline issuance. After the adjustment of strategic placement and before the launch of the online and offline call back mechanism, the number of offline shares issued was 12997662, accounting for 70.82% of the number issued after deducting the final strategic placement; The number of shares issued online was 5.355 million, accounting for 29.18% of the number issued after deducting the final strategic placement. The total number of final offline and online issuance is the total number of this issuance minus the final strategic placement, with a total of 18352662 shares. According to the announcement on the IPO arrangement and preliminary inquiry of Chengdu kunhengshunwei Technology Co., Ltd. and the announcement on the IPO and listing of Chengdu kunhengshunwei Technology Co., Ltd. on the science and Innovation Board (hereinafter referred to as the “issuance arrangement and preliminary inquiry announcement”) and the announcement on the IPO and listing of Chengdu kunhengshunwei Technology Co., Ltd. on the science and Innovation Board (hereinafter referred to as the “issuance announcement”) According to the announced callback mechanism, since the initial effective subscription multiple of this online issuance is 4129.53 times, more than 100 times, the issuer and the lead underwriter decided to start the callback mechanism to adjust the scale of offline and online issuance, After deducting the final strategic placement, 10% (rounded up to an integral multiple of 500 shares, i.e. 1835500 shares) of the number of shares issued in this public offering will be transferred back from offline to online. After the callback mechanism was launched, the final number of shares issued offline was 11162162, accounting for 60.82% of the number issued after deducting the number of strategic placements, and the final number of shares issued online was 7190500, accounting for 39.18% of the number issued after deducting the number of strategic placements. The online and offline subscription and payment work of this offering has been completed on February 8, 2022 (T + 2).
1、 Statistics of new share subscription
According to the data provided by Shanghai Stock Exchange and China Clearing Shanghai Branch, the sponsor (lead underwriter) has made statistics on the subscription of new shares issued online and offline in this strategic placement. The results are as follows:
(I) strategic placement
The strategic placement of this offering consists of the follow-up investment of relevant subsidiaries of the sponsor and the special asset management plan of senior managers and core employees of the issuer. The follow-up investment institution is Minsheng Securities Investment Co., Ltd., and the special asset management plan for the senior managers and core employees of the issuer is Minsheng securities kunhengshunwei strategic placement No. 1 collective asset management plan. The subscription results are as follows:
1. Minsheng Securities Investment Co., Ltd
(1) Number of subscribed shares (shares): 1050000;
(2) Subscription amount paid (yuan): 35490000.00;
(3) Restricted period: 24 months.
2. Minsheng securities kunheng Shunwei strategic placement No. 1 collective asset management plan
(1) Number of subscribed shares (shares): 1597338;
(2) Subscription amount paid (yuan): 53990024.40;
(3) Brokerage commission for placement of new shares (yuan): 269950.12;
(4) Restricted period: 12 months.
(II) online subscription of new shares
(1) Number of shares subscribed by online investors (shares): 7148803;
(2) Subscription amount paid by online investors (yuan): 241629541.40;
(3) Number of online investors giving up subscription (shares): 41697;
(4) Subscription amount abandoned by online investors (yuan): 1409358.60.
(III) offline subscription of new shares
(1) Number of shares subscribed by offline investors (shares): 11162162;
(2) Subscription amount paid by offline investors (yuan): 377281075.60;
(3) Number of offline investors giving up subscription (shares): 0;
(4) Subscription amount waived by offline investors (yuan): 0;
(5) Brokerage commission for placement of new shares paid by offline investors (yuan): 1886422.54.
2、 Offline placement lottery results
According to the issuance announcement, the issuer and the recommendation institution (lead underwriter) presided over the lottery winning ceremony of the lower limit sale account of Kun Heng Shunwei’s initial public offering online in Haitang hall, the conference room on the fourth floor of Zijinshan Hotel, No. 778 Dongfang Road, Pudong New Area, Shanghai on the morning of February 9 (T + 3), 2022. The lottery ceremony was conducted in accordance with the principles of openness, fairness and impartiality. The process and results of the lottery have been notarized by Shanghai Oriental notary office. The winning results are as follows:
Last digit winning lot number
Last “1” digit 2
All securities investment funds and other partial stock asset management products established through public offering, national social security fund, basic endowment insurance fund, enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund If the mantissa of the subscription allotment number held by the placement objects such as insurance funds and QFII funds that meet the relevant provisions of the measures for the administration of the use of insurance funds is the same as the above number, it is the winning number.
A total of 5306 accounts participated in the offline placement and lottery in this issuance, and the number of accounts corresponding to 10% of the final allocated accounts (rounded up) is 531. According to the lottery results, all the winning accounts have obtained the shares for this placement, and the sales restriction period is 6 months. The number of shares corresponding to this part of the account is 821335 shares, accounting for 7.36% of the total offline issuance and 4.48% of the total public offering after deducting the number of strategic placement. Please refer to the “attached table: details of the successful placing of Kun Hengshun online lottery” for the specific conditions of the placing objects in the offline lottery.
3、 Underwriting by the lead underwriter
The number of shares abandoned by online and offline investors is underwritten by the sponsor (lead underwriter). The number of shares underwritten by the sponsor (lead underwriter) is 41697, and the underwriting amount is 1409358.60 yuan. The number of underwritten shares accounts for about 0.2272% of the total shares of the public development bank after deducting the number of strategic placements, The number of underwritten shares accounts for about 0.1986% of the total shares issued to the public.
On February 10, 2022 (T + 4), the recommendation institution (lead underwriter) transferred the remaining stock underwriting funds, the funds raised from strategic placement and the funds raised from offline and online issuance to the issuer together after deducting the recommendation underwriting fee and the brokerage commission for new share placement according to the recommendation underwriting agreement. The issuer submitted the application for share registration to China Clearing Shanghai Branch, Register the underwritten shares in the securities account designated by the lead underwriter.
4、 Contact information of sponsor (lead underwriter)
If online and offline investors have any questions about the issuance results announced in this announcement, please contact the lead underwriter of this issuance. The specific contact information is as follows:
1. Sponsor (co lead underwriter): Minsheng Securities Co., Ltd
Address: No. 8, Puming Road, China (Shanghai) pilot Free Trade Zone
Contact: capital market department
Tel: 010-85127979
Issuer: recommendation institution (lead underwriter) of Chengdu kunhengshunwei Technology Co., Ltd.: Minsheng Securities Co., Ltd. February 10, 2022 attached table: details of successful placement by lottery number under kunhengshunwei network
No. name of investor name of placing object name of placing object actual number of shares allocated to the account of placing object limited selling period (shares) (month)
1 e fund management Co., Ltd. enterprise annuity plan of Zhengzhou Railway Bureau b880082849 1595 6
2 ICBC Credit Suisse Fund Management Co., Ltd. China Railway Zhengzhou Bureau Group Co., Ltd. enterprise annuity plan b880082857 1595 6
3 ICBC Credit Suisse Fund Management Co., Ltd. China Railway Harbin Bureau Group Co., Ltd. enterprise annuity plan b88024520 1595 6
4 Huaxia Fund Management Co., Ltd. China CITIC Group Co., Ltd. enterprise annuity plan b880483875 1595 6
5 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Industrial And Commercial Bank Of China Limited(601398) enterprise annuity plan b880544184 1595 6 company
6 China International Capital Corporation Limited(601995) enterprise annuity plan of Chongqing Electric Power Company b880957078 1595 6
7 zhongre Asset Management Co., Ltd. China Dadi Property Insurance Co., Ltd. b880973921595 6
8 ICBC Credit Suisse Fund Management Co., Ltd. Zhejiang Energy Group Co., Ltd. enterprise annuity plan stock portfolio b881016744 1595 6
9 Taikang Asset Management Co., Ltd. Taikang Life Insurance Co., Ltd. dividend insurance product b881024069 1595 6
10 Xinhua Asset Management Co., Ltd. New China Life Insurance Company Ltd(601336) – Investment link – genesis b881024140 1329 6
11 China Petroleum & Chemical Corporation(600028) group annuity of Changjiang Endowment Insurance Co., Ltd. – Changjiang endowment b881028775 1595 6
12 The Pacific Securities Co.Ltd(601099) Asset Management Co., Ltd. China The Pacific Securities Co.Ltd(601099) Life Insurance Co., Ltd. – Universal – personal b881038408 1595 6 division universal
13 China Southern Fund Management Co., Ltd. China Construction Bank Corporation(601939) enterprise annuity plan b881091037 1595 6
14 Huatai Asset Management Co., Ltd. Huatai Asset Management Co., Ltd. – value added investment products b881104966 1595 6
15 Huaxia Fund Management Co., Ltd. enterprise annuity plan of Zhongshan Hospital Affiliated to Fudan University b881197189 1595 6
16 Huaxia Fund Management Co., Ltd. Huaxia Fund Huaxing No. 5 stock pension product b881233558 1595 6
17 Xintai Life Insurance Co., Ltd. Xintai Life Insurance Co., Ltd-
