Zhejiang HENGWEI Battery Co., Ltd
Initial public offering and listing on GEM
Announcement of issuance results
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999)
hot tip
The application of Zhejiang HENGWEI Battery Co., Ltd. (hereinafter referred to as “Zhejiang HENGWEI”, “issuer” or “company”) for initial public offering of no more than 25333400 ordinary shares (A shares) and listing on the gem (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. 52). The sponsor (lead underwriter) of this offering is China Merchants Securities Co.Ltd(600999) (hereinafter referred to as ” China Merchants Securities Co.Ltd(600999) ” or “sponsor (lead underwriter)”). The issuer’s stock is abbreviated as “Zhejiang HENGWEI” and the stock code is “301222”.
This offering is conducted through a combination of offline inquiry and placement to qualified offline investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-share shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
The issuer negotiated with the sponsor (lead underwriter) China Merchants Securities Co.Ltd(600999) (hereinafter referred to as ” China Merchants Securities Co.Ltd(600999) ” or “sponsor (lead underwriter)”) to determine that the number of shares issued this time is 25333400. The issue price is 33.98 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 according to the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average (hereinafter referred to as the “four values”) 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 this strategic placement. The difference between the initial strategic placement and the final strategic placement was 1266670 shares, which were transferred back to offline issuance.
After the callback of strategic placement and before the launch of online and offline callback mechanism, the initial number of offline issuance was 181134722 million shares, accounting for 28.50% of this issuance after deducting the number of strategic placement.
According to the callback mechanism announced in the announcement on the initial public offering and listing of Zhejiang HENGWEI Battery Co., Ltd. on the gem (hereinafter referred to as the “issuance announcement”), since the initial effective subscription multiple on the Internet is 1011865609 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, After deducting the final strategic placement, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 5.067 million shares) of the number of shares in this public offering will be transferred back from offline to online. After the call back, the final number of offline shares issued was 13046400, accounting for 51.50% of the total number of shares issued after deducting the final strategic placement; The final online issuance was 12.287 million shares, accounting for 48.50% of the total issuance after deducting the final strategic placement. After the call back, the winning rate of this online pricing issuance is 00168184444%, and the effective subscription multiple is 594585310 times.
The online and offline subscription and payment work of this offering has been completed on March 2, 2022 (T + 2). The details are as follows:
1、 Statistics of new share subscription
According to the payment of the strategic investors and the data provided by Shenzhen Stock Exchange and Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as “Shenzhen Branch of China Securities Depository and Clearing Corporation”), the sponsor (lead underwriter) 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 issue price does not exceed the lower of the median and weighted average of offline investors’ quotation after excluding the highest quotation, and the median and weighted average of public offering products, pensions, social security funds, enterprise annuities and insurance funds after excluding the highest quotation. Therefore, relevant subsidiaries of the sponsor need not participate in follow-up investment.
This offering does not arrange strategic placement to other investors. Finally, this issuance will not be targeted to strategic investors.
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 12240714
2. Subscription amount paid by online investors (yuan): 41593946172
3. Number of shares abandoned by online investors (shares): 46286
4. Amount of subscription abandoned by online investors (yuan): 157279828
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 13046400
2. Subscription amount paid by offline investors (yuan): 44331667200
3. Number of shares that offline investors give up subscription (shares): 0
4. Amount of subscription abandoned by offline investors (yuan): 0
2、 Offline proportional restriction
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.
In this offering, the number of shares paid and subscribed by offline investors is 13046400, of which the number of shares restricted for 6 months is 1307387, accounting for about 10.02% of the number of shares paid and subscribed by offline investors and 5.16% of the total number of shares issued to the public.
3、 Underwriting by the recommendation institution (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 46286, and the underwriting amount is 157279828 yuan. The proportion of the number of shares underwritten by the recommendation institution (lead underwriter) to the total number of shares issued is 0.18%.
On March 4, 2022 (T + 4), the recommendation institution (lead underwriter) will transfer the underwriting funds and the funds raised from offline and online issuance to the issuer after deducting the recommendation and underwriting fee.
The issuer shall submit an application for share registration to CSDCC Shenzhen Branch and register the underwritten shares to the securities account designated by the sponsor (lead underwriter). 4、 Contact information of sponsor (lead underwriter)
If investors have any questions about the issuance results announced in this announcement, please contact the sponsor (lead underwriter) of this issuance. The specific contact information is as follows:
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999)
Address: No. 111, Fuhua 1st Road, Futian street, Futian District, Shenzhen
Contact: stock capital market department
Tel: 075523189776, 075523189773, 02158835189
Issuer: sponsor (lead underwriter) of Zhejiang HENGWEI Battery Co., Ltd.: China Merchants Securities Co.Ltd(600999) March 4, 2022 (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Zhejiang HENGWEI Battery Co., Ltd.)
Issuer: Zhejiang HENGWEI Battery Co., Ltd. (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Zhejiang HENGWEI Battery Co., Ltd.)
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999) 2022
