Huarong Chemical Co., Ltd
Initial public offering and listing on GEM
Announcement of offline preliminary placement results
Sponsor (lead underwriter): Huatai United Securities Co., Ltd
hot tip
The application of Huarong Chemical Co., Ltd. (hereinafter referred to as "Huarong chemical" and the "issuer") for initial public offering of 120 million RMB common shares (A shares) (hereinafter referred to as "this offering") and listing on the gem has been examined and approved by the GEM Listing Committee of Shenzhen stock exchange, It has been approved to register by China Securities Regulatory Commission (hereinafter referred to as "CSRC") (zjxk [2022] No. 252).
The issuer and the sponsor (lead underwriter) Huatai United Securities Co., Ltd. (hereinafter referred to as "Huatai United Securities", "sponsor (lead underwriter)" and "lead underwriter") negotiated and determined that the number of shares issued this time is 120000000. The offering price is 8.05 yuan / share, which does not exceed the median and weighted average of offline investors' quotations after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as "public fund") and the National Social Security Fund (hereinafter referred to as "social security fund") established through public offering after excluding the highest quotation The lower of the median and weighted average of the quoted prices of the basic endowment insurance fund (hereinafter referred to as "pension"), the enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as "enterprise annuity") and the insurance fund (hereinafter referred to as "insurance fund") in accordance with the measures for the administration of the use of insurance funds, Therefore, 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 6 million shares, which were transferred back to offline issuance.
This issuance is finally carried out by the combination of offline inquiry and 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 market value in Shenzhen market (hereinafter referred to as "online issuance").
After the strategic placement callback and before the launch of the online and offline callback mechanism, the number of offline shares issued this time was 97200000, accounting for 81.00% of the number of shares issued this time, and the number of online shares was 22800000, accounting for 19.00% of the number of shares issued this time. The total number of final offline and online issuance is 120000000 shares. The final number of online and offline issuance will be determined according to the online and offline callback.
According to the callback mechanism announced in the announcement of Huarong Chemical Co., Ltd. initial public offering and listing on the gem (hereinafter referred to as the "issuance announcement"), since the initial effective subscription multiple on the Internet is 708400529 times, more than 100 times, the issuer and the main contractor decided to start the callback mechanism to adjust the scale of offline and online issuance, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 24000000 shares) of the number of shares issued this time will be transferred back from offline to online.
After the callback mechanism was launched, the final number of shares issued offline was 73200000, accounting for 61.00% of the number of shares issued this time, and the final number of shares issued online was 46800000, accounting for 39.00% of the number of shares issued this time. After the call back, the winning rate of this online issuance is Wenzhou Yihua Connector Co.Ltd(002897) 55794%, and the effective subscription multiple is 345118206 times.
Investors are kindly requested to focus on the issuance process, payment and other links of this issuance, as follows:
1. The offline allocated investors shall, according to the announcement on the results of offline preliminary placement of initial public offering of shares by Huarong Chemical Co., Ltd. and listing on the gem, pay the subscription funds for new shares in time and in full before 16:00 on March 14 (T + 2) 2022 according to the final issuance price and preliminary 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-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. 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 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.
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
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, relevant subsidiaries of the sponsor need not participate in follow-up investment.
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.
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]), the special provisions on the issuance and underwriting of initial public offerings on the gem (CSRC announcement [2021] No. 21), the implementation rules for the issuance and underwriting of initial public offerings on the gem of Shenzhen Stock exchange (revised in 2021) (SZS [2021] No. 919) Detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market (revised in 2020) (SZS [2020] No. 483), code for underwriting of initial public offerings under the registration system (zsxf [2021] No. 213), detailed rules for the administration of offline investors in initial public offerings (zsxf [2018] No. 142) The sponsor (lead underwriter) has verified and confirmed the qualification of investors participating in offline subscription in accordance with the relevant provisions of the rules for the administration of offline investors in initial public offering under the registration system (Zhong Zheng Xie Fa [2021] No. 212).
According to the effective subscription results finally received by the offline issuance electronic platform of Shenzhen Stock Exchange, the sponsor (lead underwriter) makes the following statistics:
The offline subscription of this offering has been completed on March 10, 2022 (t day). After verification, it is confirmed that all the 6848 effective quotation placement objects managed by 310 offline investors disclosed in the issuance announcement have participated in offline subscription in accordance with the requirements of the issuance announcement, and the effective number of subscription is 23883980 million shares.
(II) preliminary offline placement results
According to the principle and calculation method of offline placement published in the announcement of initial public offering and listing on gem of Huarong Chemical Co., Ltd. (hereinafter referred to as "announcement of initial inquiry and recommendation"), the issuer and the lead underwriter have made a preliminary placement of shares issued offline. The preliminary placement results are as follows:
Investors' effective subscription shares accounted for the number of effective subscription and placement, accounting for all types of investors issued offline
Proportion of the number of categories (10000 shares) (proportion of the total number of shares) (placement proportion)
Class a investors 12 Zhejiang Starry Pharmaceutical Co.Ltd(603520) 52.77% 5127683970.05% 004068530%
Class B investors 1217200.51% 4424360.60% 003635001%
Class C investors 1115874046.72% 2148072529.35% 001925164%
Total 23883980100.00% 732 Ping An Bank Co.Ltd(000001) 00.00%——
Note: if the total is inconsistent with the mantissa of the sum of all itemized values, it is caused by rounding.
Among them, the remaining 260 shares were placed to " Boc International (China) Co.Ltd(601696) scientific and technological innovation 3-year closed operation flexible allocation hybrid securities investment fund" according to the offline placement principle announced in the preliminary inquiry and promotion announcement.
The above preliminary placement arrangements and results comply with the placement principles announced in the preliminary inquiry and promotion announcement. See the attached table for the preliminary placement of each final placement object.
3、 Contact information of sponsor (lead underwriter)
If offline investors have any questions about the offline preliminary placement results announced in this announcement, please contact the sponsor (lead underwriter) of this offering. The specific contact information is as follows:
Sponsor (lead underwriter): Huatai United Securities Co., Ltd
Contact: stock capital market department
Tel: 075581902090
Contact email: [email protected].
Contact address: 27th and 28th floors, fund building, No. 5999, Yitian Road, Futian District, Shenzhen
Issuer: sponsor (lead underwriter) of Huarong Chemical Co., Ltd.: Huatai United Securities Co., Ltd. March 14, 2022 (this page has no text, which is the announcement of initial public offering and offline preliminary placement results of Huarong Chemical Co., Ltd. listed on GEM) (seal page)
Huarong Chemical Co., Ltd. (there is no text on this page, which is the seal page of the announcement on the results of initial public offering and offline preliminary placement of Huarong Chemical Co., Ltd. listed on the GEM)
Huatai United Securities Co., Ltd. attached table: preliminary placement list of offline investors
Serial number name of investor name of placing object name of securities account subscription quantity of preliminary allocation amount classification of allocation amount (10000 shares) (shares) (yuan)
1 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Shanghai No.7 occupational pension plan 089920244545001830814737940 a 2 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Shanghai No.1 occupational pension plan 089920240545001830814737940 a 3 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd Shanghai No.4 occupational pension plan 089920227845001830814737940 a 4 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Anhui No.1 occupational pension plan 089920195845001830814737940 a 5 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Anhui No.4 occupational pension plan 089920180145001830814737940 a 6 China Life Insurance Company Limited(601628) Endowment Insurance Co., Ltd. Hunan Province (No. 3) occupational pension plan
