China Automotive Research Institute Co., Ltd
Online roadshow announcement of initial public offering and listing on GEM
Sponsor (lead underwriter): China Galaxy Securities Co.Ltd(601881)
The application for the initial public offering of no more than 330.6 million ordinary shares (A shares) (hereinafter referred to as "this offering") by China Automotive Research automotive testing ground Co., Ltd. has been examined and approved by the GEM Listing Committee of Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration (CSRC license [2022] No. 51).
This offering is conducted through the combination of directional placement to strategic investors (hereinafter referred to as "strategic placement"), offline inquiry placement to qualified investors (hereinafter referred to as "offline issuance") and online pricing issuance to social public investors holding the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as "online issuance").
The issuer and the sponsor (lead underwriter) China Galaxy Securities Co.Ltd(601881) (hereinafter referred to as "sponsor (lead underwriter)") will directly determine the issuance price through offline preliminary inquiry, and offline cumulative bidding inquiry will not be conducted. The number of shares in this public offering is 330.6 million, accounting for 25.00% of the total share capital after issuance. This issue is a public offering of new shares without the transfer of old shares. After this public offering, the total share capital is 1322.4 million shares.
The initial strategic placement number of this issuance was 79.53 million shares, accounting for 24.06% of this issuance. Among them, The number of follow-up investors of relevant subsidiaries of the recommendation institution is expected to be 5% of the number of this issuance (if the issuance price exceeds 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 endowment insurance fund established through public offering after excluding the highest quotation, according to the measures for the administration of enterprise annuity fund) The enterprise annuity fund established and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds, whichever is lower, and the relevant subsidiaries of the sponsor will participate in the strategic placement of this issuance in accordance with relevant regulations); Other strategic investors are expected to subscribe for no more than 209 million yuan. The difference between the final strategic placement quantity and the initial strategic placement quantity will be first transferred back to offline issuance.
Before the launch of the callback mechanism, the initial number of offline shares issued this time was 200.856 million, accounting for 80.00% of the number issued after deducting the initial strategic placement; The initial number of shares issued online was 50214000, accounting for 20.00% of the number issued after deducting the initial strategic placement. The total quantity of final offline and online issuance is the total quantity of this issuance minus the final strategic placement quantity. The final offline and online issuance quantity will be determined according to the call back situation.
In order to facilitate investors to understand the relevant information of the issuer and the relevant arrangements of this offering, the issuer and the sponsor (lead underwriter) will hold an online roadshow on this offering.
1. Online roadshow time: 14:00-16:00 on February 23, 2022 (Wednesday, t-1);
2. Online roadshow website: panorama (www.p5w. Net.) Panoramic roadshow (rs.p5w. Net.);
3. Participants: key members of the issuer's management and relevant personnel of the sponsor (lead underwriter).
The full text of the letter of intent for the initial public offering of shares and listing on the gem of China Automotive Research automotive testing ground Co., Ltd. and relevant materials can be found on five websites designated by the CSRC (www.cn.info.com.cn; www.cs.com.cn; www.cn.stock.com; www.stcn.com; www.zqrb.cn) Query.
Please pay attention to it.
Issuer: sponsor (lead underwriter) of China Automotive Research automotive testing ground Co., Ltd.: China Galaxy Securities Co.Ltd(601881) February 22, 2022
