Jiangsu Yike Food Group Co., Ltd
Prompt announcement of initial public offering and listing on GEM
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
The application of Jiangsu Yike Food Group Co., Ltd. (hereinafter referred to as “Yike food”, “issuer” or “company”) for initial public offering and listing on the gem (hereinafter referred to as “this offering”) has been approved by Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”) ）Examined and approved by the members of the GEM Listing Committee, It has been approved to register by China Securities Regulatory Commission (zjxk [2021] No. 3800). The letter of intent for initial public offering and listing on gem of Jiangsu Yike Food Group Co., Ltd. and its annexes are disclosed on the website designated by China Securities Regulatory Commission (cninfo, www.cn. Info. Com.. CN; CSI, www.cs. Com.. CN; China Securities, www.cn. Stock. Com; securities times, www.stcn. Com; Securities Daily, www.zqrb. CN.) and placed on the issuer, Shenzhen Stock Exchange and the sponsor (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “sponsor”) (the “lead underwriter”) for public inspection.
Investors are kindly requested to focus on the issuance process, online and offline subscription and payment, disposal of share abandonment, etc., and carefully read the preliminary inquiry and promotion announcement of Jiangsu Yike Food Group Co., Ltd. on initial public offering and listing on GEM (hereinafter referred to as “preliminary inquiry and promotion announcement”) published today. The specific contents are as follows:
1. The offline issuance and Subscription Date and the online issuance and subscription date are the same as January 6, 2022 (t day). Among them, the offline subscription time is 9:30-15:00, and the online subscription time is 9:15-11:30 and 13:00-15:00. Investors do not need to pay subscription funds when making online and offline subscription on January 6, 2022 (t day).
2. All offline investors who intend to participate in this preliminary inquiry and meet the conditions of relevant investors must register and submit verification materials before 12:00 on December 29 (T-5) 2021 according to relevant requirements. When registering and submitting verification materials, please log in the Citic Securities Company Limited(600030) IPO offline investor qualification verification system (website: https://www.citics.com./ipo/login/index.html , the user manual can be downloaded in the upper right corner of the web page. If you have any questions, please call 010-60833640)
3、 This issuance is conducted by a 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 non restricted A-Shares or non restricted depositary receipts market value in Shenzhen market (hereinafter referred to as “online issuance”).
The strategic placement of this offering consists of the special asset management plan of the issuer’s senior managers and core employees and the follow-up investment (contingent) of the relevant subsidiaries of the sponsor. If the offering price exceeds the median and weighted average of the offline investors’ quotation after excluding the highest quotation, and the securities investment fund established by public offering after excluding the highest quotation (hereinafter referred to as “Mutual fund”) The National Social Security Fund (hereinafter referred to as the “social security fund”), the basic endowment insurance fund (hereinafter referred to as the “pension”), the enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as the “enterprise annuity fund”) and the insurance funds in accordance with the measures for the administration of the use of insurance funds (hereinafter referred to as the “insurance funds”) ）The lower of the median quotation and the weighted average, the relevant subsidiaries of the sponsor will participate in the strategic placement of this offering in accordance with relevant regulations. See “II. Strategic placement” in the preliminary inquiry and promotion announcement for the relevant information of strategic placement.
4. The issuer and the sponsor (lead underwriter) will directly determine the issuance price through offline preliminary inquiry, and offline cumulative bidding inquiry will not be conducted.
5. Offline issuance objects: the offline issuance objects are securities companies, fund management companies, trust companies, finance companies, insurance companies, qualified overseas institutional investors and qualified private fund managers and other professional institutional investors registered with the China Securities Association.
6. Preliminary inquiry: the preliminary inquiry time for this offering is 9:30-15:00 on December 30, 2021 (T-4). Within the above time, qualified offline investors can fill in and submit the subscription price and the proposed subscription quantity through the offline issuance electronic platform of Shenzhen Stock Exchange.
Before this preliminary inquiry, offline investors shall submit the pricing basis and the recommended price or price range given in the internal research report through the offline issuance electronic platform of Shenzhen Stock Exchange. Offline investors who have not submitted the pricing basis and suggested price or price range before the inquiry shall not participate in this inquiry.
Investors participating in the offline inquiry of gem can fill in different quotations for multiple placing objects under their management. Each offline investor can fill in up to 3 quotations, and the highest quotation shall not be higher than 120% of the lowest quotation. The quotation of offline investors and their managed placing objects shall include the price per share and the number of shares to be purchased corresponding to the price. There can only be one quotation for the same placing object. Once the relevant declaration is submitted, it shall not be revoked in full. If the quotation needs to be adjusted due to special reasons, the quotation decision-making procedure shall be performed again, the logical calculation basis for explaining the reason for price change and the range of price change shall be filled in on the offline issuance electronic platform of Shenzhen Stock Exchange, as well as whether the previous quotation has insufficient pricing basis and incomplete quotation decision-making procedure, and the relevant materials shall be archived for future reference.
The minimum change unit of the declared price of offline investors is 0.01 yuan. In the preliminary inquiry stage, the minimum planned purchase quantity of offline placement objects is set as 10 million shares, and the minimum change unit of the planned purchase quantity is set as 1 million shares, that is, the part where the planned purchase quantity of offline placement objects designated by offline investors exceeds 10 million shares must be an integral multiple of 1 million shares, The proposed subscription amount of each placing object shall not exceed 16 million shares.
The maximum number of shares subscribed by each placing object in this offline issuance is 16 million shares, accounting for about 52.41% of the initial offline issuance. Offline investors and their managed placing objects shall strictly comply with the industrial regulatory requirements, strengthen risk control and compliance management, carefully and reasonably determine the purchase price and quantity, and shall not purchase beyond the asset scale or capital scale. When participating in the preliminary inquiry, Please pay special attention to whether the subscription amount corresponding to the declared price and the subscription quantity exceeds the asset scale or capital scale of December 23, 2021 (T-9) provided to the sponsor (lead underwriter) and reported on the offline issuance electronic platform of Shenzhen Stock Exchange. The cash placement object of the sponsor (lead underwriter) does not comply with the industrial regulatory requirements and exceeds its amount to the sponsor If (the lead underwriter) submits the purchase of the corresponding asset scale or capital scale in the asset certification materials, the purchase of the placing object is invalid.
Investors participating in the offline inquiry of Yike food shall pass the asset certification materials through the Citic Securities Company Limited(600030) IPO offline investor qualification verification system (website: https://www.citics.com./ipo/login/index.html ）Submit to the sponsor (lead underwriter). If the investor refuses to cooperate with the verification, fails to submit relevant materials completely, or the materials submitted are not enough to exclude its participation in offline issuance prohibited by laws, regulations and normative documents, the issuer and the sponsor shall (the lead underwriter) will refuse its participation in the offline issuance, treat its quotation as invalid quotation or refuse the placement, and disclose it in the issuance announcement. If offline investors participate in the offline issuance of new shares in violation of regulations, they shall bear all responsibilities arising therefrom.
Special tip 1: in order to promote the prudent quotation of offline investors, Shenzhen Stock Exchange has added the pricing basis verification function on the offline issuance electronic platform. Offline investors are required to operate according to the following requirements:
Offline investors need to display “the preliminary inquiry of Yike food has been started (to be started)” on the offline issuance electronic platform page of Shenzhen Stock Exchange and before 9:30 a.m. on December 30, 2021 (T-4) on the morning of the preliminary inquiry（ https://eipo.szse.cn. ）Submit the pricing basis and fill in the suggested price or price range. Offline investors who fail to submit the pricing basis and suggested price or price range before the inquiry shall not participate in the inquiry.
Offline investors shall quote according to the recommended price or price range given in the internal research report. In principle, they shall not exceed the recommended price range in the research report.
Special tip 2: in order to promote the prudent quotation of offline investors and facilitate the verification of the asset scale of offline investors on the gem, the Shenzhen Stock Exchange has added the asset scale verification function on the offline issuance electronic platform. Offline investors are required to operate according to the following requirements:
Before preliminary inquiry, investors shall issue electronic platforms under the Shenzhen Stock Exchange（ https://eipo.szse.cn. ）Truthfully fill in the asset scale or capital scale as of December 23, 2021 (T-9). The asset scale or capital scale filled in by the investor shall be consistent with the sponsor The amount in the asset scale or capital scale certification materials submitted by the (lead underwriter) shall be consistent. The investor shall strictly abide by the industrial regulatory requirements and reasonably determine the purchase scale, and the purchase amount shall not exceed the corresponding asset scale or capital scale in the asset certification materials submitted to the sponsor (lead underwriter).
7. Regulations on offline rejection ratio: after the preliminary inquiry, According to the inquiry results after excluding invalid quotations, the issuer and the sponsor (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “sponsor (lead underwriter)”) shall quote all placing objects from high to low according to the subscription price, from small to large according to the proposed subscription quantity of placing objects at the same subscription price, and according to the application time for the same proposed subscription quantity at the same subscription price (the reporting time shall be subject to the records of the offline issuance electronic platform of Shenzhen Stock Exchange) from late to early, the same proposed subscription price, the same proposed subscription quantity, and the same subscription time shall be sorted according to the order of placing objects automatically generated by the offline issuance electronic platform of Shenzhen Stock exchange from back to front, excluding the quantity of the highest quotation in the total amount of proposed subscription, and the excluded proposed subscription quantity is the proposed subscription quantity of all offline investors 1% of the total purchase. When the maximum declared price is the same as the determined issue price, the Declaration on the price can no longer be excluded. The excluded part shall not participate in offline subscription. After excluding the highest part of the quotation, The issuer and the sponsor (lead underwriter) shall negotiate and determine the issuance price, the number of investors with effective quotation and the number of effective proposed subscriptions, taking into account the remaining quotation and the number of proposed subscriptions, the industry in which the issuer is located, market conditions, the valuation level of comparable companies in the same industry, the demand for raised funds and underwriting risks. The issuer and the sponsor (lead underwriter) the number of effective offline investors determined in accordance with the above principles shall not be less than 10.
Effective quotation refers to the issuance price declared by offline investors that is not lower than the issuance price determined by the issuer and the sponsor (lead underwriter), and is not excluded as the highest quotation, and meets the requirements of the issuer and the sponsor at the same time (lead underwriter) the quotation of other conditions determined and announced in advance. Only offline investors who submit valid quotations during the preliminary inquiry period can and must participate in offline subscription. Sponsor (lead underwriter) has hired Beijing Deheng Law firm to witness the whole process of this offering and underwriting in real time, and will express clear opinions on the compliance and effectiveness of offline investor qualification, inquiry, pricing, placement, fund allocation, information disclosure and other relevant situations.
8. Remind investors to pay attention to investment risks: after the preliminary inquiry, If the issuance price determined by the issuer and the sponsor (lead underwriter) exceeds the issuance announcement The lower of the median and weighted average of the remaining quotations of offline investors after excluding the highest quotation, and the median and weighted average of the quotations of public funds, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation, Or the price earnings ratio corresponding to the pricing of this offering is higher than the average price earnings ratio of the secondary market of comparable listed companies in the same industry (the static average price earnings ratio of the same industry in the latest month published by China Securities Index Co., Ltd.), the issuer and the sponsor (lead underwriter) will publish it before online subscription The special announcement on the investment risk of Jiangsu Yike Food Group Co., Ltd. in its initial public offering and listing on the gem details the rationality of pricing and reminds investors to pay attention to investment risks. 8. Restriction period arrangement: among the stocks issued this time, the stocks issued online have no circulation restrictions and restriction period arrangement, and can be circulated from the date of listing of the stocks issued this time on the Shenzhen Stock Exchange.
The offline distribution part adopts the proportional sales restriction method, Offline investors shall promise 10% of the number of shares allocated to them (rounded up) the sales restriction period is 6 months from the date of the issuer’s initial public offering and listing. That is, 90% of the shares allocated to each placing object have an unlimited sales period, which 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, which shall be calculated 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 subscription, they do not need to fill in the arrangement of the sales restriction period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online sales restriction period disclosed in this announcement.
See “II. Strategic placement” in the preliminary inquiry and promotion announcement for the arrangement of the restricted period of strategic placement shares. 9. Market value requirements:
Offline investors: Investors Participating in the offline preliminary inquiry shall take December 28, 2021 (T-6) as the base date two trading days before the start of the preliminary inquiry, and the gem theme public funds and strategic placement funds operating in a closed manner participating in the initial inquiry of this offering shall be 20 trading days before the base date (including the base date) the average daily market value of non restricted A-Shares and non restricted depositary receipts held in Shenzhen market shall not be less than 10 million yuan (including). Other offline investors participating in the preliminary inquiry of this issuance and their managed placing objects shall be 20 trading days before the base date The average daily market value of non restricted A-Shares and non restricted depositary receipts held in Shenzhen market (including the base date) shall not be less than 60 million yuan (including). If the account opening time of the securities account of the placing object is less than 20 trading days, the average daily market value shall be calculated according to 20 trading days. The specific rules for calculating the market value shall be in accordance with the detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market (revised in 2020) (SZS [2020] No. 483).
Online investors: investors holding more than 10000 yuan (including 1 yuan)
