Hangzhou Heshun Technology Co., Ltd
Announcement of IPO results and listing on GEM
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198)
hot tip
The application of Hangzhou Heshun Technology Co., Ltd. (hereinafter referred to as “Heshun technology”, “issuer” or “company”) for initial public offering of 20 million RMB common 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. 253). The sponsor (lead underwriter) of this offering is Dongxing Securities Corporation Limited(601198) (hereinafter referred to as ” Dongxing Securities Corporation Limited(601198) ,” sponsor (lead underwriter) “or” lead underwriter “). The issuer’s stock is abbreviated as “Heshun technology” and the stock code is “301237”.
The issuer negotiated with the sponsor (lead underwriter) and determined that the number of shares to be issued this time is 20 million, and the issue price is 56.69 yuan / share. All of them are new shares, and there is no transfer of old shares.
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 median quotation of securities investment funds, national social security funds, basic endowment insurance funds established through public offering after excluding the highest quotation, enterprise annuity funds established in accordance with the measures for the administration of enterprise annuity funds and insurance funds in accordance with the measures for the administration of the use of insurance funds The weighted average 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. The difference between the initial strategic placement and the final strategic placement is 1 million shares, which are 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 the total market value of non restricted A-Shares and non restricted depositary receipts 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 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 on the issuance of new shares of Hangzhou Heshun Technology Co., Ltd. for initial public offering and listing on the gem, 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 and callback 20% (i.e. 4 million shares) of the issuance quantity 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.
The online subscription ended on February 16, 2023. The details are as follows:
1、 Statistics of new share subscription
According to the data provided by Shenzhen Stock Exchange and Shenzhen Branch of China Securities Depository and Clearing Corporation, the sponsor (lead underwriter) made statistics on the subscription of new shares issued online and offline. The results are as follows: (I) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 9373915
2. Subscription amount paid by online investors (yuan): 53140724135
3. Number of online investors giving up subscription (shares): 326085
4. Subscription amount waived by online investors (yuan): 1848575865
(II) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 10.3 million
2. Subscription amount paid by offline investors (yuan): 58390700000
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount abandoned by offline investors (yuan): 0
2、 Offline proportional restriction
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.
In this offering, the number of shares restricted to offline shares for six months is 1032387, accounting for 10.02% of the total offline issuance and 5.16% of the total public offering.
3、 Underwriting by the recommendation institution (lead underwriter)
All the shares abandoned by online and offline investors are underwritten by the sponsor (lead underwriter). The number of underwritten shares by the sponsor (lead underwriter) is 326085 shares, and the underwritten amount is 1848575865 yuan. The number of shares underwritten by the recommendation institution (lead underwriter) accounts for 1.63% of the total number of shares issued.
On March 18, 2022 (T + 4), the recommendation institution (lead underwriter) transferred the underwriting funds and the funds raised from online and offline issuance to the issuer after deducting the underwriting recommendation fee. The issuer shall submit an application for share registration to Shenzhen Branch of China Securities Depository and Clearing Corporation Limited and register the underwritten shares in the securities account designated by the sponsor (lead underwriter).
4、 Contact information of sponsor (lead underwriter)
If online and offline investors have any questions about the issuance results announced in this announcement, please contact Dongxing Securities Corporation Limited(601198) the lead underwriter of this issuance. 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 18, 2022 (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Hangzhou Heshun Technology Co., Ltd.)
Issuer: Hangzhou Heshun Technology Co., Ltd. (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Hangzhou Heshun Technology Co., Ltd.)
Sponsor (lead underwriter): Dongxing Securities Corporation Limited(601198) mm / DD / yyyy
