603051: Announcement on online subscription and winning rate of Lushan Xincai’s IPO

Guangzhou Lushan New Material Co., Ltd

Announcement on online issuance and subscription of IPO shares and winning rate sponsor (lead underwriter): Citic Securities Company Limited(600030)

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The application of Guangzhou Lushan New Material Co., Ltd. (hereinafter referred to as “Lushan new material” or “the issuer”) for the initial public offering of 23 Jinzai Food Group Co.Ltd(003000) RMB common shares (A shares) (hereinafter referred to as “this offering”) has been approved by the CSRC in document zjxk [2022] No. 398. This offering is conducted through 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-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as “online issuance”).

The issuer and the recommendation institution (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” and “recommendation institution (lead underwriter)”) negotiated and determined that the number of shares issued this time is 23 Jinzai Food Group Co.Ltd(003000) shares. Before the callback mechanism was launched, the initial number of offline shares was 13.802 million, accounting for about 60.00% of the total issued this time; The initial number of online issuance is 920.10 shares, accounting for about 40.00% of the total issuance. The issue price is 25.79 yuan / share.

Lushan Xincai initially issued 9201000 A shares of “Lushan Xincai” through the online pricing of the trading system of Shanghai Stock Exchange on March 16, 2022 (t day).

Investors are kindly requested to focus on the issuance process, online and offline subscription and payment, disposal of share abandonment and other aspects, and timely fulfill their payment obligations on March 18, 2022 (T + 2):

1. Offline investors shall, according to the announcement on offline preliminary placement results and online winning results of initial public offering of shares by Guangzhou Lushan new materials Co., Ltd. (hereinafter referred to as “announcement on offline preliminary placement results and online winning results”), according to the finally determined issuance price and allocated quantity before 16:00 on March 18 (T + 2) 2022, Pay the subscription funds for new shares in full and on time.

After online investors win the subscription of new shares, they shall fulfill their payment obligations according to the announcement of offline preliminary placement results and online winning results, so as to ensure that their capital account will have sufficient new share subscription funds on March 18 (T + 2) 2022. The transfer of investors’ funds shall comply with the relevant regulations of the securities company where the investor belongs.

The shares that offline and online investors give up to subscribe for are underwritten by the sponsor (lead underwriter).

2. 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.

3. If the offline investors with valid quotation fail to participate in the subscription or obtain the preliminary placement, and the offline investors fail 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. If online investors fail to pay in full after winning the lottery 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 according to 180 natural days, including the next day). 1、 Online subscription and initial winning rate of online issuance

According to the data provided by Shanghai Stock Exchange, there are 12691574 valid subscription households and 77551042000 valid subscription shares in this online issuance, and the preliminary winning rate of online issuance is 001186444%. The total number of allotments is 77551042, and the number range is 10000 Ping An Bank Co.Ltd(000001) 00077551041. 2、 Implementation of callback mechanism, issuance structure and final winning rate of online issuance

According to the callback mechanism announced in the announcement on IPO of Guangzhou Lushan new materials Co., Ltd., the issuer and the sponsor (lead underwriter) decided to start the callback mechanism because the initial effective subscription multiple of online investors was 842854 times, more than 150 times, 50% of the shares issued this time (rounded up to an integral multiple of 1000 shares, i.e. 11.502 million shares) will be transferred back from offline to online. After the call back, the final number of offline shares issued is 2.3 million, accounting for about 10.00% of the total issued this time; The final number of shares issued online was 20.703 million, accounting for about 90.00% of the total issued this time. After the callback mechanism was launched, the final winning rate of online issuance was Kangda New Materials(Group) Co.Ltd(002669) 597%. 3、 Online lottery

The issuer and the sponsor (lead underwriter) are scheduled to hold the online subscription lottery ceremony of this offering at Haitang hall, conference room on the fourth floor of Zijinshan Hotel, No. 778 Dongfang Road, Pudong New Area, Shanghai on the morning of March 17, 2022 (T + 1), The results of online lottery will be published in China Securities Journal, securities times, Shanghai Securities News and Securities Daily on March 18, 2022 (T + 2).

Issuer: sponsor (lead underwriter) of Guangzhou Lushan New Material Co., Ltd.: Citic Securities Company Limited(600030) March 17, 2022 (this page has no text and is the seal page of the announcement on online subscription and winning rate of initial public offering of shares of Guangzhou Lushan New Material Co., Ltd.)

Issuer: Guangzhou Lushan New Material Co., Ltd. (this page has no text and is the seal page of the announcement on online subscription and winning rate of initial public offering of shares of Guangzhou Lushan New Material Co., Ltd.)

Sponsor (lead underwriter): Citic Securities Company Limited(600030) mm / DD / yyyy

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