Wankai New Material Co., Ltd
Initial public offering and listing on GEM
Announcement of issuance results
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 by the China Securities Regulatory Commission for registration (zjxk [2022] No. 4).
The sponsor (lead underwriter) of this offering is China International Capital Corporation Limited(601995) (hereinafter referred to as “sponsor (lead underwriter)”). The issuer’s stock is abbreviated as “wankaixincai” and the stock code is “301216”. According to the preliminary inquiry results, the issuer and the recommendation institution (lead underwriter) comprehensively consider the issuer’s fundamentals, industry, valuation level of comparable listed companies, market conditions, demand for raised funds, underwriting risk and other factors, and negotiate to determine the issuance price of this issuance as RMB 35.68/share and the issuance quantity as 85.85 million 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 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. According to item (IV) of Article 39 of the detailed rules for the implementation of securities issuance and underwriting business of initial public offering on the gem of Shenzhen Stock Exchange (revised in 2021) (hereinafter referred to as the detailed rules for the implementation of initial public offering), the relevant subsidiaries of the sponsor need not participate in this strategic placement.
The initial strategic placement amount of this issuance is 17.17 million shares, accounting for 20.00% of this issuance. The strategic placement of this offering is composed of other strategic investors. 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, offline inquiry placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-share shares and non restricted depositary receipts market value 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.
According to the callback mechanism announced in the announcement of wankai new materials Co., Ltd. on initial public offering and listing on the gem (hereinafter referred to as the “issuance announcement”), since the initial effective subscription multiple on the Internet is 708349287 times, higher than 100 times, the issuer and the recommendation institution (lead underwriter) decided to start the callback mechanism, 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.
The online and offline payment of this offering has been completed on March 21, 2022 (T + 2).
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) strategic placement
The issuing price of this offering 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, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, relevant subsidiaries of the recommendation institution do not need to participate in follow-up investment. The strategic placement of this offering is composed of other strategic investors.
According to the final issue price, the final strategic placement number of this issue is 10369953 shares, accounting for 12.08% of this issue. The difference between the initial strategic placement and the final strategic placement of 6800047 shares will be transferred back to offline issuance.
All subscription funds of strategic investors have been remitted to the bank account designated by the sponsor (lead underwriter) within the specified time. According to the relevant agreements in the strategic placement agreement signed by the issuer, the sponsor (lead underwriter) and the strategic investors, the strategic placement results of this issuance are determined as follows:
Serial number name of strategic investor number of allocated shares (shares) amount allocated (yuan) sales restriction period
1 Shanghai Guosheng industry empowerment private investment fund 42040351499996880 12 months
Partnership (limited partnership)
2 Hongsheng Beverage Group Co., Ltd. 2802690999997920 12 months
3 China Insurance Investment Fund (limited partnership) 19618836999998544 12 months
4 Guangzhou industrial control capital management Co., Ltd. 14013454999998960 12 months
Total 1036995336999992304-
Note: the restricted sale period shall be calculated from the date when the shares of this public offering are listed on the Shenzhen Stock Exchange.
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 35377426
2. Subscription amount paid by online investors (yuan): 126226655968
3. Number of online investors giving up subscription (shares): 323074
4. Subscription amount abandoned by online investors (yuan): 1152728032
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 39779547
2. Subscription amount paid by offline investors (yuan): 141933423696
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount waived by offline investors (yuan): 0.00 II. Offline proportion 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 information for the placing objects under their management
In this offering, the number of shares whose offline proportion is restricted for 6 months is 3981312 shares, accounting for about 10.01% of the total offline issuance and 4.64% of the total public offering. 3、 Underwriting by the recommendation institution (lead underwriter)
The number of shares abandoned by online investors is underwritten by the sponsor (lead underwriter). The number of shares underwritten by the sponsor (lead underwriter) is 323074 shares, with an underwritten amount of 1152728032 yuan. The number of underwritten shares accounts for about 0.38% of the total issued number.
On March 23, 2022 (T + 4), the recommendation institution (lead underwriter) transferred the underwriting funds, strategic placement funds and the funds paid and subscribed by online and offline investors to the issuer together after deducting the recommendation and underwriting expenses. The issuer submitted an application for share registration to Shenzhen Branch of China Securities Depository and Clearing Corporation Limited and registered the underwriting shares to the securities account designated by the recommendation institution (lead underwriter). 4、 Contact information of sponsor (lead underwriter)
If online and offline investors have questions about the issuance results announced in this announcement, please contact the sponsor (lead underwriter) China International Capital Corporation Limited(601995) of this issuance. The specific contact information is as follows:
Sponsor (lead underwriter): China International Capital Corporation Limited(601995)
Contact: capital market department
Tel.: 01065353015
Issuer: sponsor (lead underwriter) of wankai New Material Co., Ltd.: 601, March 23, 1995 2022 (this page has no text, which is the seal page of announcement on IPO results of wankai New Material Co., Ltd. and listing on GEM)
Issuer: wankai New Material Co., Ltd. (this page has no text, which is the sealed page of the announcement on the results of wankai New Material Co., Ltd. initial public offering and listing on the GEM)
Sponsor (lead underwriter): China International Capital Corporation Limited(601995) mm / DD / yyyy
