Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
hot tip
The application of Harbin Welding stock exchange Huatong (Changzhou) welding industry Co., Ltd. (hereinafter referred to as “Harbin Welding Huatong” or “the issuer”) for initial public offering of 45453400 ordinary shares (A shares) (hereinafter referred to as “this offering”) 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 [2022] No. 128).
The issuer and the sponsor (lead underwriter) China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities” or “sponsor (lead underwriter)”) negotiated and determined that the number of shares to be issued this time was 454534 million, and the issue price was 15.37 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 strategic placement. This offering does not arrange strategic placement to other external investors. According to the issuing price, the relevant subsidiaries of the sponsor will not participate in the strategic placement. Finally, this issuance will not be targeted to strategic investors. The difference between the initial strategic placement and the final strategic placement was 2272670 shares, which were transferred back to offline issuance.
This issuance is finally carried out by a combination of offline inquiry and placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-share shares or non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
After the strategic placement call back and before the online and offline call back mechanism is launched, the initial number of offline shares issued this time is 32499400, accounting for 71.50% of the number of shares issued this time; The initial number of shares issued online was 12.954 million, accounting for 28.50% of the number issued this time. The total number of final offline and online issuance is 454534 million shares. The final number of online and offline issuance will be determined according to the online and offline callback.
At the initial price, 12.954 million shares of “Harbin Welding Huatong” were issued.
Please pay attention to the payment link of this offering and fulfill the payment obligation in time on March 14, 2022 (T + 2).
1. According to the announcement on the results of initial public offering of shares by Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. and listing on the gem, offline investors shall timely and fully pay the subscription funds for new shares according to the final issuance price and preliminary placement quantity before 16:00 on March 14 (T + 2) 2022. 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 there are more than one new shares to be issued on the same day, all of them will 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 in accordance with the announcement on the results of initial public offering of shares by Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. and online lottery for 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 14 (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 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, 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 obtains the preliminary placement, and the offline investor fails to pay the subscription funds in full and on time according to the finally determined issuance price and allocated quantity, 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. 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 offering. The number of effective subscription accounts of this online pricing offering is 12815182, the number of effective subscription shares is 111779925500, the total number of allotments is 223559851, the starting number of allotments is 000000 Ping An Bank Co.Ltd(000001) , and the ending number is 0 Xiamen Anne Co.Ltd(002235) 59851.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. on initial public offering and listing 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 862898915 times, higher than 100 times, 20% (rounded up, i.e. 9091000 shares) of the shares issued this time will be transferred back from offline to online. After the call back, the final number of offline shares issued was 23408400, accounting for 51.50% of the total issued this time; The final number of shares issued online was 22.045 million, accounting for 48.50% of the total issued this time. After the call back, the winning rate of this online pricing issuance is 00197217881%, and the subscription multiple is 507053416 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 11, 2022 (T + 1), and will publish the lottery results in China Securities News, Shanghai Securities News, securities times and securities daily on March 14, 2022 (T + 2).
Issuer: recommendation Agency (lead underwriter) of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd.: China Securities Co.Ltd(601066) March 11, 2022 (there is no text on this page, which is “Harbin Welding Institute Huatong (Changzhou)) (seal page of announcement on online subscription and winning rate of initial public offering and listing on gem of welding industry Co., Ltd.)
Issuer: Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. (no text on this page, which is the seal page of China Securities Co.Ltd(601066) announcement on initial public offering and online subscription and winning rate of Harbin Welding Institute Huatong (Changzhou) welding industry Co., Ltd. listed on GEM)
Sponsor (lead underwriter): China Securities Co.Ltd(601066) mm / DD / yyyy
