Hangzhou Heshun Technology 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
The application of Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as “Heshun technology” or “issuer”) for initial public offering of 20 million RMB common shares (A shares) (hereinafter referred to as “this offering”) and listing on the gem 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. 253).
The issuer negotiated with the recommendation institution (lead underwriter) Dongxing Securities Corporation Limited(601198) (hereinafter referred to as “recommendation institution (lead underwriter)”) to determine the number of shares to be issued this time is 20 million, and the issue price is 56.69 yuan / share.
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 strategic placement. This offering does not arrange strategic placement to other external investors. Finally, this issuance will not be targeted to strategic investors, and the difference between the initial strategic placement and the final strategic placement of 1 million shares will be 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”).
Before the launch of the online and offline call back mechanism and after the strategic placement call back, the initial number of offline shares was 14.3 million, accounting for 71.50% of the number of shares issued this time; The initial number of shares issued online was 5.7 million, accounting for 28.50% of the number issued this time. According to the callback mechanism announced in the announcement of Hangzhou Heshun Technology Co., Ltd. on IPO and IPO on GEM (hereinafter referred to as the “announcement of IPO”), since the initial effective subscription multiple on the Internet is 971197140 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, 20% (i.e. 4 million 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 offline shares issued was 10.3 million, accounting for 51.50% of the number issued this time; The final number of shares issued online was 9.7 million, accounting for 48.50% of the number issued this time. After the call back, the winning rate of this online issuance is 00175222343%, and the effective subscription multiple is 570703474 times.
Investors are kindly requested to focus on the issuance process, payment and other links of this issuance, as follows:
1. Offline investors shall pay the subscription funds for new shares in full and on time before 16:00 on March 16, 2022 (T + 2) in accordance with the announcement on the results of initial offline placement of initial public offering of shares by Hangzhou Heshun Technology Co., Ltd. and listing on GEM, and 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, 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.
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.
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 issuing price of this offering does not exceed the lower of the median and weighted average of the offline investor’s quotation after excluding the highest quotation, and the median and weighted average of the quotation of public funds, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, the relevant subsidiaries of the recommendation institution do not need to participate in the strategic placement. This offering does not arrange strategic placement to other external investors. 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 practical 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) and underwriting specifications for 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 14, 2022 (t day). After verification and confirmation,
7095 valid offer placement objects managed by 341 offline investors disclosed in the IPO announcement
All offline subscriptions were made in accordance with the requirements, and the effective number of subscriptions was 3330.1 million shares.
(II) preliminary offline placement results
According to the preliminary inquiry of Hangzhou Heshun Technology Co., Ltd. on IPO and listing on GEM
Offline placement principles announced in the price and promotion announcement (hereinafter referred to as “preliminary inquiry and promotion announcement”)
And calculation method, the issuer and the recommendation institution (lead underwriter) made a preliminary placement of offline issued shares,
The preliminary placement results are as follows:
The proportion of the number of shares effectively subscribed by the investor category in the total number of shares effectively applied for initial placement and the proportion of the number of shares (10000 shares) finally distributed by various investors under the Internet (the proportion of the total number of shares) in the bank
Class a investor 167072050.17% 726889970.57% 004350758%
Class B investors 205800.62% 496700.48% Jiangsu Leike Defense Technology Co.Ltd(002413) 508%
Class C investors 163880049.21% 298143128.95% 001819277%
Total 33 Shanghai Kaytune Industrial Co.Ltd(301001) 00.00% 103 Ping An Bank Co.Ltd(000001) 00.00%-
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 1399 shares were placed in accordance with the offline placement principle announced in the preliminary inquiry and promotion announcement
To investors, “Minsheng Jiayin Fund Management Co., Ltd.” managed the placement object “Minsheng Jiayin steady allocation of 9
Month holding hybrid fund (fof) “.
The above placement arrangements and results comply with the placement principles published in the preliminary inquiry and promotion announcement, and each
See “attached table: preliminary placement details of offline investors” for the allocation of placement objects.
2、 Contact information of sponsor (lead underwriter)
If offline investors have any questions about the offline placement results announced in this announcement, please contact the sponsor of this offering
Contact the organization (lead underwriter). The specific contact information is as follows:
Tel: 01066553417, 01066553472 email: [email protected]. Contact: capital market department
Issuer: sponsor (lead underwriter) of Hangzhou Heshun Technology Co., Ltd.: Dongxing Securities Corporation Limited(601198) March 16, 2022 (this page has no text and is the seal page of the announcement on the results of initial public offering of shares by Hangzhou Heshun Technology Co., Ltd. and initial placement under the GEM Listing network)
Issuer: Hangzhou Heshun Technology Co., Ltd. (this page has no text, which is the seal page of the announcement of initial public offering and offline preliminary placement results of Hangzhou Heshun Technology Co., Ltd. listed on the GEM)
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198) mm / DD / yyyy attached table: preliminary placement details of offline investors
Serial number name of investor name of placing object name of subscription quantity of allocated shares amount of allocated shares (10000 shares) (10000 shares) (yuan) object category
1 Tongtai Fund Management Co., Ltd. Tongtai digital economy theme stock securities investment fund 240 0.10445918436 a
2 Tongtai Fund Management Co., Ltd. Tongtai Huiying hybrid securities investment fund 240 0.10445918436 a
3 Tongtai Fund Management Co., Ltd. Tongtai Huili hybrid securities investment fund 220 0.09575425233 a
4 Tongtai Fund Management Co., Ltd. Tongtai competitive advantage hybrid securities investment fund 200 0.08704932030 a
5 Tongtai Fund Management Co., Ltd. Tongtai industry preferred stock securities investment fund 160 0.06963945624 a
6 Shanghai Guotai Junan Securities Co.Ltd(601211) securities asset management Guotai Junan Securities Co.Ltd(601211) jundecheng hybrid collective asset management plan 450 0.08194642911 C Co., Ltd
7 Zheshang Securities Co.Ltd(601878) Zheshang
