Guangzhou Pingao Software 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 Guangzhou Pingao Software Co., Ltd. (hereinafter referred to as “Pingao”, “issuer” or “company”) for the initial public offering of 28263819 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, and has been approved by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) zjxk [2021] No. 3592 agrees to register. Minsheng Securities Co., Ltd. (hereinafter referred to as “Minsheng securities”, “sponsor (lead underwriter)” or “lead underwriter”) serves as the sponsor (lead underwriter) of this offering. The issuer’s shares are referred to as “Pingao shares” and the expansion is referred to as “Pingao shares” , stock code 688227.
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 the market value of non restricted A-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as “online issuance”) ）Combined. Based on the preliminary inquiry results, the issuer and the 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 37.09 yuan / share and the issue quantity is 28263819 shares, All new shares are issued without transfer of old shares.
The initial strategic placement of this offering is expected to issue 423957200 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 2203645 shares, accounting for 7.80% of the total issuance. The difference between the initial strategic placement and the final strategic placement is 2035927 shares, which are transferred back to the offline issuance.
After the adjustment of strategic placement and before the launch of online and offline call back mechanism, the number of offline issuance was 188531740 shares, accounting for 72.34% of the number issued after deducting the final strategic placement; The number of shares issued online was 7.207 million, accounting for 27.66% 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 26060174 shares. According to the announcement on IPO arrangement and preliminary inquiry of Guangzhou Pingao Software Co., Ltd. and its listing on the science and Innovation Board (hereinafter referred to as the “announcement on issuance arrangement and preliminary inquiry”) and the announcement on IPO of Guangzhou Pingao Software Co., Ltd. and its listing on the science and Innovation Board (hereinafter referred to as the “announcement on issuance”) ）According to the announced callback mechanism, since the initial effective subscription multiple of this online offering is 5055.18 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, 10% of the number of shares in this public offering after deducting the final strategic placement (rounded up to an integral multiple of 500 shares, i.e. 2606500 shares) from offline to online. After the callback mechanism is started, the final number of shares issued offline is 16246674 shares, accounting for 62.34% of the number issued after deducting the number of strategic placements, and the final number of shares issued online is 981350 shares, accounting for 37.66% of the number issued after deducting the number of strategic placements.
The online and offline subscription and payment of this offering has been completed on December 23, 2021 (T + 2). I. statistics of new share subscription
According to the payment of strategic investors and the data provided by Shanghai Stock Exchange and Shanghai Branch of China Securities Depository and Clearing Co., Ltd., the lead underwriter makes statistics on the subscription of new shares issued online and offline 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 for 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 management and core employees of the issuer is the No. 1 collective asset management plan for the strategic placement of Minsheng securities Gaoyun. The subscription results are as follows:
1. Minsheng Securities Investment Co., Ltd
(1) Number of subscribed shares (shares): 1130553;
(2) Subscription amount paid (yuan): 41932210.77;
(3) Restricted period: 24 months.
2. Minsheng securities Gaoyun strategic placement No. 1 collective asset management plan
(1) Number of subscribed shares (shares): 1073092;
(2) Subscription amount paid (yuan): 39800982.28;
(3) Brokerage commission for placement of new shares (yuan): 199004.91;
(4) Restricted period: 12 months
（2） Online subscription of new shares
(1) Number of shares subscribed by online investors (shares): 9766474;
(2) Subscription amount paid by online investors (yuan): 362238520.66;
(3) Number of online investors giving up subscription (shares): 47026;
(4) Subscription amount abandoned by online investors (yuan): 1744194.34.
（3） Offline subscription of new shares
(1) Number of shares subscribed by offline investors (shares): 16246674;
(2) Subscription amount paid by offline investors (yuan): 602589138.66;
(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): 3012941.70.
2、 Offline placement lottery results
According to the issuance announcement, On December 24, 2021, the issuer and the lead underwriter On the morning of (T + 3), the lottery winning ceremony was held at Haitang hall, the conference room on the fourth floor of Zijinshan Hotel, No. 778 Dongfang Road, Pudong New Area, Shanghai. The lottery ceremony was conducted in accordance with the principles of openness, fairness and impartiality. The lottery process and results have been notarized by Shanghai Dongfang notary office. The winning results are as follows:
Last digit winning lot number
Last “1” digit 2
Securities investment funds and other partial stock asset management products established by participating in the offline issuance of A-share shares of subscription high shares and allocated by 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 3069 accounts participated in offline placement and lottery in this issuance, 10% of the final allocated account (rounded up) the corresponding number of accounts is 307. According to the lottery results, the restricted period for all the winning accounts to obtain the shares for this placement is 6 months. The number of shares corresponding to this part of accounts is 1200063 shares, accounting for 7.39% of the total offline issuance and 4.60% of the total public issuance after deducting the strategic placement. The placing objects of this offline lottery are Please refer to the “attached table: details of lottery winning placement under Pingao online”.
3、 Underwriting by lead underwriter
Online The number of shares that offline investors give up subscription is underwritten by the sponsor (lead underwriter). The number of shares underwritten by the sponsor (lead underwriter) is 47026 shares, and the underwriting amount is 1744194.34 yuan. The number of underwritten shares accounts for about 0.1805% of the total shares of this public offering after deducting the number of strategic placement, and the number of underwritten shares accounts for about 0.1664% of the total shares of this public offering.
December 27, 2021 (T + 4), sponsor (the lead underwriter) according to the recommendation and underwriting agreement, transfer 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 and underwriting fee and the brokerage commission for new share placement. The issuer shall submit a share registration application to China Clearing Shanghai branch and 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. Contact details are as follows:
1. Sponsor (lead underwriter): Minsheng Securities Co., Ltd
Legal representative: Feng Henian
Address: No. 8, Puming Road, China (Shanghai) pilot Free Trade Zone
Contact: capital market department
Tel.: 010-85127979010-85120190
Issuer: sponsor (lead underwriter) of Guangzhou Pingao Software Co., Ltd.: Minsheng Securities Co., Ltd. December 27, 2021 attached table: online lottery winning placement details of Pingao
No. name of investor name of placing object name of placing object number of restricted periods of shares actually allocated to the account of placing object (shares) (month)
1 China International Capital Corporation Limited(601995) enterprise annuity plan of Hunan China Tobacco Industry Co., Ltd. b8802546841646
2 China Life Insurance Company Limited(601628) Pension Insurance Co., Ltd. the principality’s preferred stock pension product b88038935641646
3 ICBC Credit Suisse Fund Management Co., Ltd. ICBC Credit Suisse new wealth absolute return equity pension product b88049956741646
4 China Life Insurance Company Limited(601628) Pension Insurance Co., Ltd. gongguoshou pension strategy No. 2 stock pension product b88091782441646 company
5 New China Life Insurance Company Ltd(601336) – dividend of Xinhua Asset Management Co., Ltd. – individual dividend b88102415841646
6 Ping An Asset Management Co., Ltd. Ping An Life Insurance – dividend – Individual Insurance dividend b88102451441646
7. China Merchants Fund Management Co., Ltd. China Construction Bank Corporation(601939) enterprise annuity plan b88109108741646
8 Taiping Asset Management Co., Ltd. entrusted management Taiping Life Insurance Co., Ltd. – dividend – group insurance branch b88114335031236 red
9 great wall wealth Insurance Asset Management Co., Ltd. has great wall Life Insurance Co., Ltd. – dividend – individual dividend b88114524741646 Co., Ltd
10 The People’S Insurance Company (Group) Of China Limited(601319) Asset Management Co., Ltd. is entrusted to manage b88121326041646 dividend of personal insurance of people’s Life Insurance Co., Ltd
11 Union Life Insurance Co., Ltd. Union Life Insurance Co., Ltd. – Universal – personal insurance universal b88121849841646
12 Harvest Fund Management Co., Ltd. Shaanxi Coal Industry Company Limited(601225) Chemical Group Co., Ltd. annuity plan b88123807441646
13. Enterprise annuity plan b88125573841646 of China Railway Fourth Survey and Design Institute Group Co., Ltd. of Changjiang Endowment Insurance Co., Ltd
14 Castrol Fund Management Co., Ltd. Castrol Yuanqi Hybrid Pension product b88139052041646
15 Changjiang Pension Insurance Co., Ltd. China Datang Group Corporation enterprise annuity plan Changjiang pension portfolio b88152047641646
16 Postal Savings Bank Of China Co.Ltd(601658) enterprise of ICBC Credit Suisse Fund Management Co., Ltd
