Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198)
hot tip
Ganzhou Tengyuan cobalt industry new material Co., Ltd. (hereinafter referred to as “Tengyuan cobalt industry”, “issuer” or “company”) has applied for initial public offering of 31486900 ordinary shares (A shares) (hereinafter referred to as “this offering”) and listing on the gem, which has been examined and approved by the members of 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 [2021] No. 4042).
The issuer negotiated with Dongxing Securities Corporation Limited(601198) (hereinafter referred to as “sponsor (lead underwriter)” or ” Dongxing Securities Corporation Limited(601198) “) to determine the number of shares to be issued this time is 31486900, and the issue price is 173.98 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 in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average 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 the follow-up investment.
The initial number of strategic placement shares issued in this issuance is 6297380 shares, accounting for 20% of this issuance. According to the final issue price, the strategic placement of this issue is composed of the special asset management plan of the issuer’s senior managers and core employees and other strategic investors. The final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer was 402333 shares, accounting for 1.28% of the number of shares issued this time; The final number of strategic placement shares of other strategic investors was 5632829 shares, accounting for 17.89% of the number of shares issued this time. The final number of strategic placement shares was Beijing Tricolor Technology Co.Ltd(603516) 2 shares, accounting for 19.17% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement shares was 262218 shares, which were transferred back to offline issuance.
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”).
Before the launch of the online and offline call back mechanism and after the strategic placement call back, the initial offline issuance was 178952380 shares, accounting for 70.31% of the issuance after deducting the final strategic placement; The initial number of shares issued online was 7.5565 million, accounting for 29.69% of the number issued after deducting the final strategic placement. The total number of final offline and online issuance is 25451738 shares, and the final number of online and offline issuance will be determined according to the callback situation.
The issuer initially issued 7556500 A shares of “Tengyuan cobalt industry” through the online pricing of the trading system of Shenzhen Stock Exchange on March 8 (T) 2022.
Investors are kindly requested to focus on the issuance process, payment and other links of this issuance, and timely fulfill their payment obligations on March 10, 2022 (T + 2):
1. According to the announcement on the results of initial public offering and initial offline placement of Ganzhou Tengyuan cobalt industry new materials Co., Ltd. listed on the gem, the offline allocated investors shall pay the subscription funds for new shares in full and on time before 16:00 on March 10 (T + 2) 2022 according to the finally determined issuance price and the initial allocated quantity. The subscription funds shall be paid in full within the specified time. If the subscription funds are not paid in full within the specified time or as required, all the new shares allocated to the placing object shall be invalid. If the above circumstances occur when multiple new shares are issued on the same day, all the new shares allocated to the placing object shall be invalid. If different placing objects share bank accounts, if the subscription funds are insufficient, all the new shares allocated to the placing objects sharing bank accounts will be invalid. Offline investors are allocated multiple new shares on the same day. Please pay for each new share separately.
After online investors win the lot in the subscription of new shares, they shall fulfill the obligation of capital settlement according to the announcement on the results of initial public offering and online lottery of Ganzhou Tengyuan cobalt new materials Co., Ltd. and listing on the gem, so as to ensure that their capital account will eventually have sufficient capital for the subscription of new shares on March 10 (T + 2) 2022, and the insufficient part shall be deemed to have given up the subscription, The resulting consequences and relevant legal liabilities shall be borne by the investors themselves. The transfer of investors’ funds shall comply with the relevant provisions of the securities company where the investors are located.
When the total number of shares paid and subscribed by offline and online investors is not less than 70% of the number of this public offering after deducting the final strategic placement, the shares abandoned in this offering due to the insufficient payment of subscription funds by offline and online investors shall be underwritten by the sponsor (lead underwriter).
2. Among the stocks issued this time, the stocks issued online have no circulation restrictions and limited sales period arrangements, and can be circulated from the date when the stocks issued this time are listed on the Shenzhen Stock Exchange.
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.
3. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings after deducting the final strategic placement, the issuer and the sponsor (lead underwriter) will suspend the issuance of new shares and disclose the reasons for the suspension and subsequent arrangements.
4. If an offline investor with a valid quotation fails to participate in the offline subscription or fails to subscribe in full, or the offline investor who has obtained the preliminary placement fails to pay the subscription amount in full and in time, 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. The association will, in accordance with relevant regulations, include the placement objects managed by investors in the above circumstances in the restricted list.
If online investors fail to pay in full after winning the lottery for three times in a row within 12 months, they 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.
The number of times of giving up subscription shall be calculated according to the number of times of investors actually giving up subscription of new shares, depositary receipts, convertible bonds and deliverable bonds.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) has made statistics on the subscription of this online pricing issuance. The number of effective subscription households of this online pricing issuance is 11450858 and the number of effective subscription shares is 69072235000. The total number of allotments is 138144470, with the starting number of 000000 Ping An Bank Co.Ltd(000001) and the ending number of 000138144470.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Ganzhou Tengyuan cobalt new materials Co., Ltd. on IPO and IPO on GEM, since the initial effective subscription multiple on the Internet is 914077086 times, more than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism to adjust the scale of offline and online issuance, After deducting the final strategic placement quantity, 20% of the issuance quantity (rounded up to an integral multiple of 500 shares, i.e. 5090500 shares) will be transferred back from offline to online. After the callback mechanism was launched, the final number of shares issued offline was 12804738 million, accounting for 50.31% of the number of shares issued this time after deducting the final strategic placement, and the final number of shares issued online was 12.647 million, accounting for 49.69% of the number of shares issued this time after deducting the final strategic placement. After the call back, the winning rate of this online pricing issuance is 00183098173%, and the effective subscription multiple is 546155096 times.
3、 Online lottery
The issuer and the sponsor (lead underwriter) will conduct lottery in Room 202, building 203, Shangbu Industrial Zone, Hongli West Road, Futian District, Shenzhen on the morning of March 9, 2022 (T + 1), and will publish the online lottery results in China Securities News, Shanghai Securities News, securities times and Securities Daily on March 10, 2022 (T + 2).
Issuer: sponsor (lead underwriter) of Ganzhou Tengyuan cobalt new materials Co., Ltd.: Dongxing Securities Corporation Limited(601198) March 9, 2022 (seal page of announcement on online subscription and winning rate of Ganzhou Tengyuan cobalt new materials Co., Ltd. for initial public offering and listing on GEM)
Issuer: Ganzhou Tengyuan cobalt industry new material Co., Ltd. (this page has no text, which is the seal page of the announcement on the online subscription and winning rate of Ganzhou Tengyuan cobalt industry new material Co., Ltd. in its initial public offering and listing on the GEM)
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198) mm / DD / yyyy
