Zhejiang HENGWEI Battery Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999)
hot tip
The application of Zhejiang HENGWEI Battery Co., Ltd. (hereinafter referred to as “Zhejiang HENGWEI”, “issuer” or “company”) for initial public offering of no more than 25333400 ordinary shares (A shares) and listing on the gem (hereinafter referred to as “this offering”) has been examined and approved by 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 [2022] No. 52).
The issuer negotiated with the sponsor (lead underwriter) China Merchants Securities Co.Ltd(600999) (hereinafter referred to as ” China Merchants Securities Co.Ltd(600999) ” or “sponsor (lead underwriter)”) to determine that the number of shares issued this time is 25333400. The issue price is 33.98 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, whichever is lower. Relevant subsidiaries of the sponsor need not participate in this strategic placement.
This offering does not arrange the strategic placement to the senior management and core employees of the issuer, asset management plans and other external investors. The initial strategic allotment of this issuance was 1266670 shares, accounting for 5.00% of this issuance. Finally, this issuance will not be targeted to strategic investors. The difference between the initial number of strategic placements and the final number of strategic placements was 1266670 shares, which were transferred back to offline issuance.
This issuance will eventually adopt offline inquiry and placement to qualified investors (hereinafter referred to as “offline issuance”) and online investment to the public holding the market value of non restricted A-Shares or non restricted depositary receipts in Shenzhen market
After the callback of strategic placement and before the launch of online and offline callback mechanism, the initial number of offline issuance was 18113400 shares, accounting for 71.50% of the number of this issuance after deducting the number of strategic placement; The initial number of shares issued online was 7.22 million, accounting for 28.50% of the number of shares issued this time after deducting the number of strategic placements. The total number of final offline and online issuance is 25333400 shares, and the final number of online and offline issuance will be determined according to the callback. Zhejiang HENGWEI initially issued 7.22 million shares of “Zhejiang HENGWEI” through the online pricing of the trading system of Shenzhen Stock Exchange on February 28, 2022 (t day).
Please pay attention to the key payment link on February 2, 2023 and pay attention to it in time:
1. According to the announcement of initial public offering and initial placement results of offline issuance of Zhejiang HENGWEI Battery Co., Ltd. listed on the gem disclosed on March 2, 2022 (T + 2), the offline allocated investors shall timely and fully pay the subscription funds for new shares before 16:00 on March 2, 2022 (T + 2) according to the finally determined issuance price and 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-mentioned circumstances occur when multiple new shares are issued on the same day, all the placing objects are 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 winning the lot in the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement on the results of online lottery of initial public offering and listing on the gem of Zhejiang HENGWEI Battery Co., Ltd., so as to ensure that their capital account will eventually have sufficient capital for the subscription of new shares on March 2 (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.
The shares that offline and online 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 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 this public offering after deducting the strategic placement part, 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 investor who provides effective quotation fails to participate in the subscription or the offline investor who obtains the preliminary placement fails 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. The number of violations of placing objects in various sectors of the stock market of Beijing stock exchange (hereinafter referred to as “Beijing stock exchange”), Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) and Shenzhen Stock Exchange shall be calculated together. During the period of being included in the restricted list, the relevant placing objects shall not participate in the offline inquiry and subscription of relevant projects in all sectors of the stock market of Beijing stock exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange.
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 corporate bonds and exchangeable corporate bonds.
1、 Online subscription and initial winning rate of online issuance
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) has made statistics on the subscription of this online offering. The number of effective subscription accounts of this online pricing offering is 12795867, the number of effective subscription shares is 73056697000, the total number of allotments is 146113394, the starting number of allotments is 000000 Ping An Bank Co.Ltd(000001) , and the ending number is 000146113394.
2、 Implementation of callback mechanism, issuance structure and final winning rate of online issuance
According to the callback mechanism announced in the announcement on the initial public offering and listing of Zhejiang HENGWEI Battery Co., Ltd. on the gem, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism because the initial effective subscription multiple on the Internet was 1011865609 times, higher than 100 times, After deducting the final strategic placement, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 5.067 million shares) of the number of shares in this public offering will be transferred back from offline to online. After the call back, the final number of offline shares issued was 13046400, accounting for 51.50% of the total number of shares issued after deducting the final strategic placement; The final online issuance was 12.287 million shares, accounting for 48.50% of the total issuance after deducting the final strategic placement. After the call back, the winning rate of this online pricing issuance is 00168184444%, and the effective subscription multiple is 594585310 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 1, 2022 (T + 1), and will publish the online lottery results in Shanghai Securities News, China Securities News, securities times and Securities Daily on March 2, 2022 (T + 2).
Issuer: sponsor (lead underwriter) of Zhejiang HENGWEI Battery Co., Ltd.: China Merchants Securities Co.Ltd(600999) March 1, 2022 (no text on this page, which is the announcement on the online subscription and winning rate of Zhejiang HENGWEI Battery Co., Ltd. in its initial public offering and listing on the GEM) (seal page)
Issuer: Zhejiang HENGWEI Battery Co., Ltd. (there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Zhejiang HENGWEI Battery Co., Ltd. in its initial public offering and listing on the GEM)
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999) 2022
