Stock Code: 600941 stock abbreviation: China Mobile Announcement No.: 2022-005 China Mobile Co., Ltd
About initial public offering of a shares
Announcement of implementation results of over allotment option
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
The exercise period of the over allotment option (or “green shoes”) of China Mobile Co., Ltd. (hereinafter referred to as the “issuer” or “China Mobile”) for the initial public offering of RMB common shares (A shares) (hereinafter referred to as the “issuance”) has expired on February 7, 2022. The implementation results of the over allotment option of this offering are as follows:
1、 Over allotment of this offering
The issuer and the joint lead underwriters ( China International Capital Corporation Limited(601995) , Citic Securities Company Limited(600030) , China Securities Co.Ltd(601066) , Huatai United Securities Co., Ltd., Boc International (China) Co.Ltd(601696) , China Merchants Securities Co.Ltd(600999) , hereinafter collectively referred to as the “joint lead underwriters”) have negotiated and determined to enable the green shoe machine system according to the subscription of this Issuance on December 22, 2021 (t day), and the price of this issuance is 57.58 yuan / share, Over allotment of 126855000 shares to online investors, accounting for about 15.00% of the number of shares initially issued. The oversubscribed shares are obtained by delaying the delivery to the strategic investors in this offering.
2、 Exercise of over allotment option
According to the announcement on the issuance arrangement and preliminary inquiry of China Mobile’s initial public offering of shares, China International Capital Corporation Limited(601995) served as the joint lead underwriter for the specific implementation of green shoes in this offering (hereinafter referred to as the “authorized lead underwriter”), Within 30 natural days (including the 30th natural day, if it is a holiday, it will be postponed to the next trading day) from the date when the shares issued online are listed and traded on the Shanghai Stock Exchange, the authorized lead underwriter can use the funds obtained from the over allotment of shares to buy the shares issued this time from the centralized trading market (hereinafter referred to as the “secondary market”) to stabilize the future market, However, the purchase price declared each time shall not be higher than the issue price of this issuance, and the cumulative number of net purchased shares shall not exceed the number of over allotment shares. The end time of this aftermarket stabilization period is February 7, 2022. During the post market stability period of this offering of China Mobile (i.e. from January 5, 2022 to February 7, 2022), China International Capital Corporation Limited(601995) uses the funds obtained from the over allotment of this offering to buy a total of 69787133 shares of this offering from the secondary market in the form of competitive trading, corresponding to 4018343118.14 yuan, and the purchase price is 57.58 yuan / share.
The exercise period of the over allotment option of this offering has expired on February 7, 2022. According to the issuing price of 57.58 yuan / share, the issuer issued 57067867 additional shares on the basis of 845700000 shares initially issued, accounting for about 6.75% of the number of shares initially issued. The total amount of raised funds thus increased by the issuer is 3285967781.86 yuan. Together with the total amount of raised funds corresponding to the initial issuance of 845700000 shares of 48695406000.00 yuan, the total amount of final raised funds in this issuance is 51981373781.86 yuan. After deducting the issuance cost of 607494314.12 yuan, the net amount of raised funds is 51373879467.74 yuan.
The authorized lead underwriter will file an application and provide corresponding materials within two working days after the end of the post market stability period to transfer the additional shares issued by the over allotment option and the shares purchased by the authorized lead underwriter from the secondary market to the delayed delivery object. The shares allocated to strategic investors (including the shares delayed in delivery) will be locked for 12 months from the listing and trading date of the issued shares (January 5, 2022), including: China Life Insurance Company Limited(601628) , people’s Property Insurance Co., Ltd., China Post Life Insurance Co., Ltd., Taiping Life Insurance Co., Ltd., Beijing Jingdong Century Trading Co., Ltd The lock-in period of shares allocated to Zhengda Investment Co., Ltd. and Brunei investment agency is 36 months.
The final number of shares issued this time is 902767867, of which 422013000 shares are allotted to strategic investors, accounting for about 46.75% of the final number of shares issued this time; 114510000 shares were allotted to offline investors, accounting for about 12.68% of the final number of shares issued this time; 366244867 shares were allotted to online investors, accounting for 40.57% of the final issued shares.
3、 Changes of ownership structure of China Mobile before and after the exercise of over allotment option
As of February 7, 2022, the changes in the equity structure of China Mobile before and after the exercise of the over allotment option are as follows:
Post issuance equity structure
Type of shares: number of shares (shares) shareholding ratio after exercising the over allotment option before exercising the over allotment option number of shares (shares) shareholding ratio
1、 A-share tradable shares with limited sales conditions
Strategic placement 295158000 1.38% 422013000 1.97%
Restricted conditions for offline issuance 80157000 0.38% 80157000 0.37%
Subtotal 375315000 1.76% 502170000 2.35%
2、 A-share outstanding shares 470385000 2.21% 400597867 1.87% without restrictions
3、 Overseas listed shares 20475482897 96.03% 20475482897 95.78%
Total 21321182897 100.00% 21378250764 100.00%
Note: due to rounding, there may be a mantissa difference between the sum of the sub items of shareholding ratio and the total.
4、 China Mobile Stock lock up period
As of February 7, 2022, after the over allotment option is exercised, the lock up period of China Mobile shares is as follows:
Equity structure after exercising over allotment option
Share type lock term limit
Number of shares (shares) shareholding ratio
1、 A-share tradable shares with limited sales conditions
Strategic placement part 144145000 0.67% locked for 36 months from the date of listing 277868000 1.30% locked for 12 months from the date of listing
0.37% of 80157000 shares with limited conditions for offline issuance will be locked for 6 months from the date of listing
Subtotal 502170000 2.35%/
2、 A-share tradable shares 400597867 1.87% without restriction/
3、 Overseas listed shares 20475482897 95.78%/
Total 21378250764 100.00%/
Note 1: due to rounding, there may be a mantissa difference between the sum of the sub items of shareholding ratio and the total.
Note 2: the lock-in period is calculated from the stock listing and trading date (i.e. January 5, 2022).
5、 Purpose of the raised funds from this over issuance of shares
Due to the exercise of green shoes, the net amount of funds raised corresponding to the additional issuance of shares is 3251788010.14 yuan, and the final net amount of funds raised in this issuance is 51373879467.74 yuan. All the raised funds, including the funds raised from the over issuance of shares, will be used for China Mobile 5g boutique network construction project, cloud resources new infrastructure construction project, Gigabit smart home construction project, smart middle platform construction project, new generation information technology R & D and digital intelligence ecological construction project.
China Mobile will make effective use of the raised funds to further improve the operating efficiency of China Mobile, strengthen risk management, fully protect the rights and interests of China Mobile shareholders, especially small and medium-sized investors, and pay attention to the return of medium and long-term shareholder value.
Issuer: China Mobile Co., Ltd. Co sponsor (co lead underwriter): China International Capital Corporation Limited(601995) co sponsor (co lead underwriter): Citic Securities Company Limited(600030) co lead underwriter: China Securities Co.Ltd(601066) Co lead underwriter: Huatai United Securities Co., Ltd. Co lead underwriter: Boc International (China) Co.Ltd(601696) co lead underwriter: China Merchants Securities Co.Ltd(600999) February 9, 2022
