Haichuang Pharmaceutical Co., Ltd
Initial public offering and listing on the science and Innovation Board
Issuance arrangement and preliminary inquiry announcement
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
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Important tips
Haichuang Pharmaceutical Co., Ltd. (hereinafter referred to as “Haichuang pharmaceutical”, “issuer” or “company”) in accordance with the implementation opinions on establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange (CSRC announcement [2019] No. 2) issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC” and “CSRC”) Measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as the “administrative measures”), measures for the administration of the registration of initial public offering of shares on the science and Innovation Board (for Trial Implementation) (CSRC order [No. 174]), Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) promulgated the measures for the implementation of the issuance and underwriting of shares on the science and Innovation Board of Shanghai Stock Exchange (SZF [2021] No. 76) (hereinafter referred to as “the implementation measures”), the guidelines for the application of the Issuance and underwriting rules on the science and Innovation Board of Shanghai Stock Exchange No. 1 – initial public offering of shares (SZF [2021] No. 77) (hereinafter referred to as “the underwriting guidelines”) Detailed rules for the implementation of online issuance of initial public offerings in Shanghai market (SZF [2018] No. 40) (hereinafter referred to as “detailed rules for the implementation of online issuance”), detailed rules for the implementation of offline issuance of initial public offerings in Shanghai market (SZF [2018] No. 41) (hereinafter referred to as “detailed rules for the implementation of offline issuance”), The China Securities Association has promulgated the code for underwriting initial public offerings under the registration system (Zhong Zheng Xie Fa [2021] No. 213) (hereinafter referred to as the “underwriting code”), the detailed rules for the administration of offline investors in initial public offerings (Zhong Zheng Xie Fa [2018] No. 142), and the rules for the administration of offline investors in initial public offerings under the registration system (Zhong Zheng Xie Fa [2021] No. 212), And the relevant provisions of the Shanghai Stock Exchange on stock issuance and listing rules and the latest operating guidelines, such as initial public offering of shares and listing on the science and innovation board.
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “sponsor (lead underwriter)”) serves as the sponsor (lead underwriter) of this offering.
This offering is conducted by the combination of directional placement to strategic investors (hereinafter referred to as “strategic placement”), offline inquiry placement to qualified offline 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 Shanghai market (hereinafter referred to as “online issuance”). The sponsor (lead underwriter) Citic Securities Company Limited(600030) is responsible for organizing and implementing the strategic placement, preliminary inquiry and online and offline issuance of this offering. The strategic placement of this offering is carried out at the sponsor (lead underwriter). The preliminary inquiry and offline subscription are carried out through the IPO offline subscription electronic platform of Shanghai Stock Exchange (hereinafter referred to as “offline subscription platform”), and the online issuance is carried out through the trading system of Shanghai Stock Exchange. Please read this announcement carefully. Please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) for details of preliminary inquiry and electronic offline issuance The detailed rules for the implementation of offline issuance and other relevant provisions. Investors can visit the following website（ http://www.sse.com.cn./disclosure/listedinfo/listing/ 、 http://www.sse.com.cn./ipo/home/ ）Check the full text of the announcement.
Basic information of the issuer
Full name of the company Haichuang Pharmaceutical Co., Ltd. securities abbreviation Haichuang pharmaceutical
company
Securities code / offline subscription 688302 online subscription code 787302
code
Offline subscription referred to as Haichuang pharmaceutical online subscription referred to as Haichuang subscription
Industry name pharmaceutical manufacturing industry industry code C27
Basic information of this offering
This offering adopts the method 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 placement
Upward holding of the market value of non restricted A-Shares and non restricted depositary receipts in Shanghai market
The combination of pricing issuance by public investors (hereinafter referred to as “online issuance”).
Pricing method offline preliminary inquiry will directly determine the issue price, and offline cumulative bidding inquiry will not be conducted
Total share capital before issuance (RMB 74255598) number of shares to be issued (RMB 10000) 247600
Shares)
Estimated number of new shares to be transferred 247600-
(10000 shares) (10000 shares)
Total share capital after issuance (ten thousand shares to be issued)
25.01) proportion of total share capital after 99015598
（%）
Initial online issuance 470.40 initial offline issuance 188180
(10000 shares) (10000 shares)
Each proposed offline subscription is 900.00, and each proposed offline subscription is 40.00
Upper limit (10000 shares) lower limit (10000 shares)
The number of initial strategic placements is 123.80, accounting for 5.00 of the proposed initial strategic placements
(10000 shares) issued quantity ratio (%)
Special for senior executives and core employees of relevant subsidiaries of the recommendation institution
Initial follow-up shares of the company (1.238 million shares subscribed in the asset management plan / not applicable)
Maximum amount (10000 shares / 10000 shares)
(yuan)
Is there any other strategic allocation? Is there a brokerage commission of 0.50 for the placement of new shares
Selling arrangement rate (%)
Important date of this issuance
Preliminary inquiry date and starting and ending March 25, 2022 issue announcement publication date March 29, 2022
Time (9:30-15:00)
Offline Subscription Date and from to March 30, 2022 online subscription date and from to March 30, 2022
Time (9:30-15:00) time (9:30-11:30,
13:00-15:00）
Offline payment date and deadline: April 1, 2022 online payment date and deadline: April 1, 202216:00
Note: as of the announcement date of the prospectus, the company has not yet made a profit
Please pay attention to the following key contents:
1. Verification of inquiry qualification of offline investors: the “offline investors” mentioned in this announcement refer to institutional investors participating in offline issuance, and the “placing object” refers to offline investors or securities investment products managed by them.
Offline investors shall complete the registration of placing objects in China Securities Association before 12:00 noon on March 24, 2022 (T-4), and pass the recommendation institution (lead underwriter) Citic Securities Company Limited(600030) ipo offline investor qualification verification system (website: https://www.citics.com./ipo/login/index.html ）Submit the letter of commitment and relevant verification materials online.
The recommendation institution (lead underwriter) has formulated the standards for offline investors according to relevant systems and rules. See “III. (I) participation conditions and quotation requirements of offline investors” in this announcement for specific standards and arrangements. Only investors who meet the standards for offline investors determined by the issuer and the sponsor (lead underwriter) can participate in the preliminary inquiry of this offering. Those who participate in the preliminary inquiry of this issuance without meeting the relevant standards shall bear all the consequences caused by this behavior. The sponsor (lead underwriter) will set its quotation as invalid on the offline subscription platform and disclose the relevant information in the issuance announcement.
2. Requirements for offline investors to submit pricing basis and suggested price or price range: offline investors must submit the pricing basis and suggested price or price range given in the internal research report through the offline subscription platform of Shanghai Stock Exchange at 13:00-14:30, 15:00-22:00 on the trading day before the preliminary inquiry day (March 24, 2022, T-4) or 6:00-9:30 on the preliminary inquiry day (March 25, 2022, T-3). Offline investors are requested to operate in accordance with the relevant requirements in “III. (IV) submission of pricing basis and suggested price or price range”. Please name the Research Report “Haichuang Pharmaceutical Research Report”. Offline investors shall quote according to the recommended price or price range given in the internal research report. In principle, they shall not exceed the recommended price range in the research report.
Offline investors who fail to submit the pricing basis and suggested price or price range before the inquiry shall not participate in the inquiry. If the offline investor fails to submit the pricing basis and suggested price or price range, the recommendation institution (lead underwriter) will deem the offline investor’s quotation invalid.
3. Verification requirements for the asset scale of offline investors: the subscription amount of each product under the investor’s own funds or management participating in the offline inquiry shall not exceed the asset scale (total assets) or capital scale specified in the asset certificate of the asset scale or capital scale provided to the sponsor (lead underwriter): among them, public funds, special fund accounts, asset management plans Private equity funds (including asset management plans of futures companies and their asset management subsidiaries) and other products shall provide valid proof materials of the total assets of the products on the fifth trading day before the preliminary inquiry date (March 18, 2022, T-8); The self operated investment account shall provide the explanatory materials on the capital scale of the self operated account issued by the company (the capital scale is up to March 18, 2022, T-8). The above-mentioned proof materials of asset scale or capital scale shall be stamped with the official seal of the company or the official seal of external certification agency.
In particular, offline investors are reminded that in order to promote the prudent quotation of offline investors and facilitate the verification of the asset scale of offline investors on the science and innovation board, the Shanghai stock exchange requires offline investors to make a commitment to the asset scale in the offline subscription platform, and invites offline investors to operate according to the relevant steps in “III. (V) preliminary inquiry”. If the sponsor (lead underwriter) finds that the investor does not comply with the regulatory requirements of the industry and applies for purchase beyond the corresponding asset scale or capital scale, the subscription of the placing object is invalid; If the asset scale or capital scale filled in by the investor on the offline subscription platform is inconsistent with the asset scale or capital scale in the asset certification materials of the placing object submitted to the sponsor (lead underwriter), the sponsor (lead underwriter) has the right to determine that the quotation of the placing object is invalid. 4. Prudent quotation requirements for offline investors: in order to further standardize the order of issuing and underwriting new shares on the science and innovation board, offline investors are required to participate in offline inquiry in strict accordance with the principles of science, independence, objectivity and prudence, as follows:
(1) For the same IPO issue of the science and innovation board, the offline subscription platform can record at most two preliminary inquiry and quotation records submitted by investors under the same network. After entering all quotation records for all placing objects to be quoted, offline investors shall submit them at one time. If two quotation records are submitted, the quotation records submitted for the second time shall prevail.
(2) After submitting the quotation record for the first time, offline investors shall not modify it in principle. If it is necessary to modify it, they shall re perform the quotation decision-making procedure, fill in the reason for the price change, the logical calculation basis of the price change range on the page submitted for the second time, and whether the previous quotation has insufficient pricing basis and incomplete quotation decision-making procedure, and archive the relevant materials for future reference. The submitted contents and archived materials for future reference will serve as an important basis for the subsequent regulatory authorities to verify the offline investors’ quotation decision and relevant internal control systems.
5. Upper limit of offline subscription: the upper limit of the number of shares subscribed by each placing object in this offline issuance is 9 million shares, accounting for 47.83% of the initial offline issuance. Offline investors and their managed placing objects shall strictly comply with the regulatory requirements of the industry, strengthen risk control and compliance management, and prudently and reasonably determine the price and quantity to be purchased. 6. High price elimination mechanism: according to the preliminary inquiry results after eliminating the quotations of unqualified investors, the issuer and the recommendation institution (lead underwriter) offer all qualified placing objects from high to low according to the proposed purchase price, from small to large according to the proposed purchase quantity of placing objects at the same proposed purchase price, and from small to large according to the proposed purchase quantity at the same proposed purchase price
