Huitong Construction Group Co., Ltd
Announcement on online issuance and subscription of initial public offering shares and winning rate
Sponsor (lead underwriter): Shengang Securities Co., Ltd
The application of Huitong Construction Group Co., Ltd. (hereinafter referred to as "the issuer" and "Huitong group") for the initial public offering of no more than 116.66 million RMB common shares (A shares) (hereinafter referred to as "this offering") has been approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC") [2021] Approved by Document No. 3895. This offering is conducted through the combination of offline inquiry and placement to qualified investors (hereinafter referred to as "offline offering") 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 offering").
The issuer and the recommendation institution (lead underwriter) Shengang Securities Co., Ltd. (hereinafter referred to as "Shengang securities" and "recommendation institution (lead underwriter)" ）It is determined through negotiation that the number of shares issued this time is 116.66 million, all of which are new shares. The original shareholders of the company will not offer shares to the public. Before the launch of the callback mechanism, the initial number of shares issued offline was 81.662 million, accounting for 70.00% of the total issuance, and the initial number of shares issued online was 34.998 million, accounting for 30.00% of the total issuance. The issue price is RMB 1.70/share.
The issuer initially issued 34998000 A-Shares of "Huitong group" through the online pricing of the trading system of Shanghai Stock Exchange on December 22 (T) 2021.
Investors are kindly requested to focus on the issuance process, online and offline subscription and payment, disposal of share abandonment, etc., and timely fulfill their payment obligations on December 24, 2021 (T + 2):
1、 Offline investors shall, in accordance with the announcement on offline preliminary placement results and online winning results of initial public offering of shares by Huitong Construction Group Co., Ltd. (hereinafter referred to as "announcement on offline preliminary placement results and online winning results"), on December 24, 2021 Before 16:00 on (T + 2 day), pay the subscription fund for new shares in full and on time according to the final issue price and allocated quantity. Offline investors must pay for each new share as if they were allocated more than one new share on the same day. In the case of multiple new shares allocated on the same day, if only one total amount is remitted, the consolidated payment will lead to the failure of entry, and the consequences arising therefrom shall be borne by the investors themselves.
After winning the subscription of new shares, online investors shall perform the obligation of capital settlement according to the announcement of offline preliminary placement results and online winning results, so as to ensure that their capital account will have sufficient new share subscription funds on December 24 (T + 2) 2021. The transfer of investors' funds shall comply with the relevant provisions of the securities company where the investors are located.
The shares that offline and online investors give up to subscribe for shall be underwritten by the sponsor (lead underwriter).
2. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings, the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
3. If the offline investors with valid quotation fail to participate in the subscription or obtain the preliminary placement, and the offline investors 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 recommendation institution (lead underwriter) shall report the breach of contract to the China Securities Association for the record.
If the online investor fails to make full payment after winning the lottery for 3 times in a row within 12 months, it 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.
1、 Online subscription and initial winning rate of online issuance
According to the data provided by Shanghai Stock Exchange, there are 15650475 valid subscription households and 204985571000 valid subscription shares in this online issuance, and the preliminary winning rate of online issuance is 0.01707340%. The total number of allotments is 204985571, and the number range is 10000000000-100204985570.
2、 Implementation of callback mechanism, issuance structure and final winning rate of online issuance
According to the callback mechanism announced in the announcement on initial public offering of Huitong Construction Group Co., Ltd., the initial effective subscription multiple on the Internet is 5857.07 times, higher than 150 times, Issuer and sponsor (the lead underwriter) decided to start the callback mechanism, and 60.00% of the shares issued this time will be transferred from offline to online. After the callback, the final number of shares issued offline will be 11.666 million shares, accounting for 10.00% of the total issued this time; the final number of shares issued Online will be 104.994 million shares, accounting for 90.00% of the total issued this time. After the callback mechanism is started, the final winning rate of online issuance will be 0.05122019%.
3、 Online lottery
The issuer and the recommendation institution (lead underwriter) will conduct lottery for online subscription of this offering at Haitang hall, conference room on the fourth floor of Zijinshan Hotel, No. 778 Dongfang Road, Pudong New Area, Shanghai on the morning of December 23 (T + 1), 2021, and will publish it in Shanghai Securities Journal, China Securities Journal, securities times and Securities Daily on December 24 (T + 2), 2021 The results of online lottery are published on the website.
Issuer: sponsor (lead underwriter) of Huitong Construction Group Co., Ltd.: Shengang Securities Co., Ltd. December 23, 2021
(there is no text on this page, which is the signature page of the announcement on online subscription and winning rate of initial public offering of Huitong Construction Group Co., Ltd.)
Issuer: Huitong Construction Group Co., Ltd. date:
(there is no text on this page, which is the signature page of the announcement on online subscription and winning rate of initial public offering of Huitong Construction Group Co., Ltd.)
Sponsor (lead underwriter): Shengang Securities Co., Ltd. (mm / DD / yyyy)
