Wankai New Material Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): China International Capital Corporation Limited(601995)
hot tip
The application of wankai New Material Co., Ltd. (hereinafter referred to as “wankai new material”, “issuer” or “company”) for initial public offering of 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 to register by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) (zjxk [2022] No. 4).
China International Capital Corporation Limited(601995) (hereinafter referred to as ” China International Capital Corporation Limited(601995) ” or “sponsor (lead underwriter)”) serves as the sponsor (lead underwriter) of this offering.
The issuer negotiated with the recommendation institution (lead underwriter) to determine the number of shares to be issued this time is 85.85 million shares, and the issue price is 35.68 yuan / share. The offering price does not exceed 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, pensions, social security funds, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, the relevant subsidiaries of the sponsor need not participate in the follow-up investment. The strategic placement of this offering is composed of other strategic investors.
The initial number of strategic allotments issued in this offering was 17.17 million shares, accounting for 20.00% of this offering. The final strategic placement number of this issuance is 10369953 shares, accounting for 12.08% of this issuance. The difference between the initial strategic placement and the final strategic placement of 6800047 shares will be transferred back to offline issuance.
This issuance is finally carried out by a combination of directional placement to strategic investors (hereinafter referred to as “strategic placement”), offline inquiry placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
After the callback of strategic placement and before the launch of online and offline callback mechanism, the number of offline issuance was 54876047 shares, accounting for about 72.70% of the number of this issuance after deducting the final number of strategic placement; The initial number of shares issued online is 20604000, accounting for about 27.30% of the number of shares issued this time after deducting the final strategic placement. The total number of final offline and online issuance is 75480047 shares. The final number of online and offline issuance will be determined according to the online and offline callback.
On March 17, 2022 (t day), the issuer initially issued 20604000 shares of “wankaixincai” by using the online pricing of the trading system of Shenzhen Stock Exchange.
Please pay attention to the payment link of this offering and fulfill the payment obligation on March 21, 2022 (T + 2):
1. The offline allocated investors shall, according to the announcement on the results of initial public offering of shares by wankai new materials Co., Ltd. and initial offline placement listed on the gem, timely and fully pay the subscription funds for new shares according to the finally determined issuance price and allocated quantity before 16:00 on March 21 (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 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.
After the online investors win the lottery in the subscription of new shares, they shall fulfill the obligation of capital delivery in accordance with the announcement on the results of the initial public offering of shares by wankai new materials Co., Ltd. and the online lottery on GEM Listing, so as to ensure that their capital account will eventually have sufficient capital for the subscription of new shares on March 21 (T + 2) 2022. 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. Arrangement of restricted sale period: the shares issued online this time have no circulation restrictions and restricted sale period arrangement, and can be circulated from the date when the shares issued to the public are listed on the gem of 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 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 terms of strategic placement, the restricted period of shares allocated to other strategic investors is 12 months, which shall be calculated from the date of listing of the shares in this public offering on the Shenzhen Stock Exchange. After the expiration of the restricted sale period, the reduction of the allocated shares by strategic investors shall be subject to the relevant provisions of the CSRC and the Shenzhen Stock Exchange on share reduction.
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 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. The number of violations of placing objects in the stock markets of Shenzhen Stock Exchange, Shanghai Stock Exchange and Beijing 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 placement of relevant projects in all sectors of the stock market of Shenzhen Stock Exchange, Shanghai Stock Exchange and Beijing 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. 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 corporate bonds and exchangeable corporate bonds.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) made statistics on the subscription of this online offering. The number of effective subscription households and 145948287000 shares were 12335628 and 145948287000 respectively. The total number of allotment numbers is 291896574, the starting number is 000000 Ping An Bank Co.Ltd(000001) , and the ending number is 0 Monalisa Group Co.Ltd(002918) 96574. 2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of wankai new materials 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 online subscription multiple was 708349287 times, higher than 100 times, After deducting the final strategic placement, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 15096500 shares) of the number of shares in this public offering will be transferred back from offline to online. After the call back, the final number of offline issuance is 39779547 shares, accounting for 52.70% of the total number of this issuance after deducting the final strategic placement; The final number of online issuance is 35700500 shares, accounting for 47.30% of the total amount of this issuance after deducting the final strategic placement. After the call back, the winning rate of this online issuance is Guangdong Shenglu Telecommunication Tech.Co.Ltd(002446) 10613%, and the effective subscription multiple is 408813005 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 18, 2022 (T + 1), and will publish the online lottery results in China Securities News, Shanghai Securities News, securities times and Securities Daily on March 21, 2022 (T + 2).
Issuer: sponsor (lead underwriter) of wankai New Material Co., Ltd.: 601, March 18, 1995 2022 (this page has no text and is the cover page of announcement on online subscription and success rate of wankai New Material Co., Ltd. initial public offering and listing on GEM)
Issuer: wankai New Material Co., Ltd. (this page has no text, which is the seal page of the announcement on the online subscription and winning rate of wankai New Material Co., Ltd. in the initial public offering and listing on the GEM)
Sponsor (lead underwriter): China International Capital Corporation Limited(601995) mm / DD / yyyy
