Ganzhou Tengyuan cobalt industry new material Co., Ltd
Initial public offering and listing on GEM
Announcement of offline preliminary placement results
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198)
hot tip
Ganzhou Tengyuan cobalt industry new materials Co., Ltd. (hereinafter referred to as “Tengyuan cobalt industry” and “the issuer”) has applied for the 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.
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 non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
The issuing price of this offering shall not exceed the median and weighted average of the quotations of offline investors after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as “public fund”), the National Social Security Fund (hereinafter referred to as “social security fund”), the basic old-age insurance fund (hereinafter referred to as “pension”) established through public offering after excluding the highest quotation The enterprise annuity fund (hereinafter referred to as “enterprise annuity fund”) established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund (hereinafter referred to as “insurance fund”) in accordance with the measures for the administration of the use of insurance funds, 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 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 was 262218 shares, which were transferred back to offline issuance.
Before the launch of the online and offline call back mechanism and after the strategic placement call back, the initial number of offline shares issued this time was 178952380 shares, accounting for 70.31% of the number of shares issued this time after deducting the number of strategic placements; The initial number of shares issued online was 7.5565 million, accounting for 29.69% of the number of shares issued this time after deducting the number of strategic placements. According to the callback mechanism announced in the announcement of Ganzhou Tengyuan cobalt new materials Co., Ltd. on initial public offering of shares and listing of new shares on the gem (hereinafter referred to as the “announcement of new share issuance”), since the initial effective subscription multiple on the Internet is 914077086 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, 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, accounting for 50.31% of the number of shares issued this time after deducting the final strategic placement; The final number of shares issued online was 12.647 million, accounting for 49.69% of the number issued this time after deducting the final strategic placement. After the call back, the winning rate of this online issuance is 00183098173%, and the effective subscription multiple is 546155096 times.
Please pay attention to the following key links of the issuance and payment:
1. According to the announcement on the results of initial public offering of shares by Ganzhou Tengyuan cobalt industry new materials Co., Ltd. and listing on the gem, offline investors shall timely and fully pay the subscription funds for new shares before 16:00 on March 10 (T + 2) 2022 according to the finally determined issuance price and initial placement 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. The shares that offline investors give up to subscribe for are 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 unlocked and can be circulated from the date when the shares issued this time are listed and traded on the Shenzhen Stock Exchange; The lock-in period of 10% of the shares is 6 months, and the lock-in 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 lock-in period arrangement for the placement object under their management. Once the quotation is made, it is deemed to accept the offline lock-in period arrangement 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 the offline investors with valid quotation fail to participate in the subscription or fail to subscribe in full, or the offline investors who obtain the preliminary placement fail to pay 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 Securities Industry 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.
5. Once this announcement is published, it shall be deemed to have served the notice of allocated payment to the offline investors participating in the offline subscription.
1、 Final result of strategic placement
(I) participants
The offering price is not higher than the lower of the median and weighted average of offline investors’ quotations after excluding the highest quotation and the median and weighted average of public funds, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, the relevant subsidiaries of the sponsor need not participate in the follow-up investment.
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.
As of the date of this announcement, the issuer’s senior managers and core employees have signed a placement agreement with the Issuer on the special asset management plan and other strategic investors. See the special verification report of Dongxing Securities Corporation Limited(601198) on strategic investors of initial public offering of Ganzhou Tengyuan cobalt new materials Co., Ltd. announced on March 7, 2022 (t-1) and Legal opinion of Beijing Jiayuan law firm on the verification of strategic investors of Ganzhou Tengyuan cobalt new materials Co., Ltd. in its initial public offering and listing on the gem.
(II) matching results
As of March 3, 2022 (T-3), strategic investors have paid their subscription funds in full and on time. According to the relevant agreements in the strategic placement agreement signed by the issuer, the sponsor (lead underwriter) and the strategic investors, the strategic placement results of this issuance are determined as follows:
Serial number name of strategic investor allocated quantity allocated amount (yuan) sales restriction period (month) (shares)
1 China North Industry Co., Ltd. 16093802799993240 12
2 Saic Motor Corporation Limited(600104) 1,436946 249999,865.08 12
3 Ganfeng Lithium Co.Ltd(002460) 1,149557 199999,926.86 12
4 Wanxiang 123 Co., Ltd. 8621681499998864 12
5 Cngr Advanced Material Co.Ltd(300919) 574778 99,999876.44 12
Asset Management Plan No
Total Beijing Tricolor Technology Co.Ltd(603516) 2104999748476-
2、 Offline issuance and subscription and preliminary placement results
(I) offline issuance and subscription
According to the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) and the gem
Special provisions on the issuance and underwriting of publicly issued securities (CSRC announcement [2021] No. 21), Shenzhen Securities Exchange
Detailed rules for the implementation of securities issuance and underwriting business of initial public offering on the growth enterprise market of E-exchange (revised in 2021) (Shenzhen)
Zheng Shang [2021] No. 919), detailed rules for the implementation of offline IPO in Shenzhen market (2020)
Revised) (SZS [2020] No. 483), code for underwriting initial public offerings under the registration system (Chinese version)
Zheng Xie Fa [2021] No. 213), management rules for offline investors of initial public offering under the registration system (Chinese version)
According to relevant regulations such as zjf [2021] No. 212), the sponsor (lead underwriter) is responsible for the investment of participating in offline subscription
The qualification of investors has been verified and confirmed. According to the effective subscription finally received by the offline issuance electronic platform of Shenzhen Stock Exchange
As a result, the sponsor (lead underwriter) made the following statistics:
The offline subscription of this offering has been completed on March 8, 2022 (t day). After verification and confirmation,
9161 valid offer placement objects managed by 400 offline investors disclosed in the IPO announcement
All offline subscriptions were made in accordance with the requirements of the announcement on the issuance of new shares, and the effective number of subscriptions was 331871000
Ten thousand shares.
(II) preliminary offline placement results
According to the “Ganzhou Tengyuan cobalt industry new materials Co., Ltd. IPO and listing on the gem”
Offline distribution published in the preliminary inquiry and promotion announcement (hereinafter referred to as “preliminary inquiry and promotion announcement”)
According to the selling principle and calculation method, the issuer and the recommendation institution (lead underwriter) have made a preliminary analysis on the offline issuance of shares
The preliminary placing results are as follows:
The number of shares effectively subscribed by the investor category accounts for the total number of shares effectively subscribed and initially placed, and the proportion of the number of shares (10000 shares) finally issued by various investors (the proportion of shares) to the total number of banks
Class a investors 252148000 75.98% 1009017078.80% 004001686%
Class B investors 1434000 0.43% 527420.41% 003677964%
Class C investors 78289000 23.59% 266182620.79% 003400000%
Total 331871000 100.00% 12804738100.00%-
Note: if the total number is inconsistent with the mantissa of the sum of the sub item values, it is caused by rounding.
The remaining 1985 shares were placed in accordance with the offline placement principle announced in the preliminary inquiry and promotion announcement
The placement object “Ruiyuan steady progress” managed by “Ruiyuan Fund Management Co., Ltd.” is allocated to the investor with a two-year holding period
Combined securities investment fund “.
The above placement arrangements and results comply with the placement principles published in the preliminary inquiry and promotion announcement, and each
See the attached table for the allocation of placing objects.
2、 Contact information of sponsor (lead underwriter)
If offline investors have any questions about the offline placement results announced in this announcement
