Hunan aibulu Environmental Protection Technology Co., Ltd
Prompt announcement of initial public offering and listing on GEM
Sponsor (lead underwriter): Western Securities Co.Ltd(002673)
The application of Hunan aibulu Environmental Protection Technology Co., Ltd. (hereinafter referred to as “aibulu”, “issuer” or “company”) for initial public offering and listing on the gem has been examined and approved by the GEM Listing Committee of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”), and has been approved for registration by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”) (zjxk [2022] No. 495). The letter of intent of Hunan aibulu Environmental Protection Technology Co., Ltd. for initial public offering and listing on the gem and its annexes are disclosed on the website designated by the CSRC (cninfo, www.cn. Info. Com. CN; CSI, www.cs. Com. CN; China Securities, www.cn. Stock. Com; securities times, www.stcn. Com; Securities Daily, www.zqrb. CN; economic reference, www.jjckb. CN; China financial news, www.financialnews. Com. CN.), It shall be kept at the domicile of the issuer, Shenzhen Stock Exchange and the recommendation institution (lead underwriter) of this issuance of shares) Western Securities Co.Ltd(002673) (hereinafter referred to as ” Western Securities Co.Ltd(002673) ” or “recommendation institution (lead underwriter)”) for public inspection.
Investors are kindly requested to pay attention to the issuance method, callback mechanism, online and offline subscription, payment, suspension of issuance and disposal of share abandonment of this offering, and carefully read the preliminary inquiry and promotion announcement of Hunan aibulu Environmental Protection Technology Co., Ltd. on initial public offering and listing on GEM published today (hereinafter referred to as the “preliminary inquiry and promotion announcement”). The details are as follows:
1. The offline issuance and Subscription Date and online subscription date are the same as April 14, 2022 (t day), in which the offline subscription time is 9:30-15:00, and the online subscription time is 9:15-11:30 and 13:00-15:00. Investors do not need to pay subscription funds when making online and offline subscription on April 14, 2022 (t day).
2. All offline investors who intend to participate in this preliminary inquiry and meet the relevant conditions must register and enter relevant information before 12:00 noon on April 8, 2022 (T-4), and upload verification materials in time. Please log in to Western Securities Co.Ltd(002673) investor platform (website: https://emp.west95582.com. ）。
3. This offering is conducted by a combination of directional placement to strategic investors (hereinafter referred to as “strategic placement”) (if any), 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”).
This offering does not arrange the strategic placement to the asset management plan of the issuer’s senior managers and core employees and other external investors. For example, the offering price exceeds the median and weighted average of the quotation of offline investors after excluding the highest quotation, and the securities investment fund established through public offering after excluding the highest quotation (hereinafter referred to as “public fund”) National Social Security Fund (hereinafter referred to as “social security fund”), basic endowment insurance fund (hereinafter referred to as “pension”), enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as “enterprise annuity fund”) and insurance funds (hereinafter referred to as “insurance funds”) in accordance with the measures for the administration of the use of insurance funds, whichever is lower, The relevant subsidiaries of the sponsor in this offering will participate in the strategic placement of this offering in accordance with relevant regulations. The issuer and the sponsor (lead underwriter) will disclose the total amount of shares allocated to the relevant subsidiaries of the sponsor participating in the placement, the number of subscriptions, and Information such as the proportion of the number of shares held in this issuance and the period of this issuance.
4. The issuer and the recommendation institution (lead underwriter) will directly determine the issuance price through the offline preliminary inquiry, and the offline cumulative bidding inquiry will not be conducted.
5. Offline issuance objects: the offline issuance objects are securities companies, fund management companies, trust companies, finance companies, insurance companies, qualified foreign institutional investors and qualified private fund managers and other professional institutional investors registered with the China Securities Association.
6. Preliminary inquiry: the preliminary inquiry time of this issuance is 9:30-15:00 on April 11, 2022 (T-3). Within the above-mentioned time, qualified offline investors can fill in and submit the proposed purchase price and quantity through the offline issuance electronic platform of Shenzhen Stock Exchange.
Before this preliminary inquiry, offline investors shall submit the pricing basis and the suggested price or price range given in the internal research report through the offline issuance electronic platform of Shenzhen Stock Exchange. Offline investors who fail to submit the pricing basis and suggested price or price range before the inquiry shall not participate in this inquiry.
Offline investors participating in the inquiry can make separate quotations for different placing objects under their management. There shall be no more than 3 different quotations of investors under the same network, and the highest quotation shall not be higher than 120% of the lowest quotation. The quotation of offline investors and their managed placing objects shall include the purchase price and the proposed purchase quantity corresponding to the price. There can only be one quotation for the same placing object. Once the relevant declaration is submitted, it shall not be revoked in its entirety. If the quotation needs to be adjusted due to special reasons, the quotation decision-making procedure shall be performed again, and the logical calculation basis of the reason for price change and the range of price change shall be filled in on the offline issuance electronic platform of Shenzhen Stock Exchange, as well as whether the previous quotation has insufficient pricing basis and incomplete quotation decision-making procedure, and the relevant materials shall be archived for future reference.
The minimum change unit of the declared price of offline investors is 0.01 yuan. In the preliminary inquiry stage, the minimum number of offline placement objects to be purchased is set as 1 million shares, and the minimum change unit of the number of offline placement objects to be purchased is set as 100000 shares, that is, the part where the number of offline investors’ designated placement objects to be purchased exceeds 1 million shares must be an integral multiple of 100000 shares, and the number of each placement object to be purchased shall not exceed 10 million shares.
The maximum number of shares subscribed by each placing object in this offline issuance is 10 million shares, accounting for 50.13% of the initial offline issuance. Offline investors and the placing objects under their management shall strictly comply with the regulatory requirements of the industry, strengthen risk control and compliance management, and carefully and reasonably determine the purchase price and the proposed purchase quantity. When participating in the preliminary inquiry, please pay special attention to whether the proposed subscription amount corresponding to the subscription price and the proposed subscription quantity exceeds the asset scale or capital scale on the fifth trading day before the preliminary inquiry date (March 31, 2022) provided to the sponsor (lead underwriter) and reported on the offline issuance electronic platform of Shenzhen Stock Exchange.
If the recommendation institution (lead underwriter) finds that the placing object does not comply with the industrial regulatory requirements and applies for purchase beyond the asset certification materials submitted to the recommendation institution (lead underwriter) or the corresponding asset scale or capital scale in the summary of asset scale of the placing object, the recommendation institution (lead underwriter) has the right to determine that the subscription of the placing object is invalid.
Investors participating in the offline inquiry of aibulu should visit Western Securities Co.Ltd(002673) investor platform (website: https://emp.west95582.com. ）Complete relevant information input and verification material upload. If the investor refuses to cooperate in the verification, fails to submit relevant materials completely, or the materials submitted are not enough to exclude its participation in the offline issuance prohibited by laws, regulations and normative documents, the issuer and the recommendation institution (lead underwriter) will refuse its participation in the offline issuance, treat its quotation as an invalid quotation or refuse the placement, and disclose it in the issuance announcement. If offline investors participate in the offline issuance of new shares in violation of regulations, they shall bear all the responsibilities arising therefrom.
Special tip 1: in order to promote the prudent quotation of offline investors, the Shenzhen Stock Exchange has added the pricing basis verification function on the offline issuance electronic platform. Offline investors are required to operate according to the following requirements:
Offline investors need to go through the offline issuance electronic platform after the page of the offline issuance electronic platform of Shenzhen Stock Exchange shows that “the preliminary inquiry of aibulu has been started (to be started)” and before 9:30 a.m. of the day of the preliminary inquiry（ https://eipo.szse.cn. ）Submit the pricing basis and fill in the suggested price or price range. Offline investors who fail to submit the pricing basis and suggested price or price range before the inquiry shall not participate in the inquiry.
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.
Special tip 2: offline investors must truthfully submit the proof materials of asset scale or capital scale, and strictly comply with the industrial regulatory requirements. The subscription amount shall not exceed the proof materials of asset scale of the placement object submitted to the sponsor (lead underwriter) and the corresponding asset scale or capital scale in the summary of asset scale of the placement object, Ensure that the total asset data filled in the asset scale summary of the placing object shall be consistent with the amount in the asset scale certification materials submitted. The data of asset scale or capital scale shall be subject to the fifth trading day before the preliminary inquiry date (March 31, 2022).
Once the offline investor makes a quotation, it shall be deemed as a commitment that the asset scale certification materials uploaded on the Western Securities Co.Ltd(002673) investor platform and the corresponding asset scale or capital scale in the asset scale summary of the placement object filled in are consistent with the data submitted on the offline issuance electronic platform of Shenzhen Stock exchange; In case of inconsistency, the consequences shall be borne by offline investors.
Special tip 3: in order to promote the prudent quotation of offline investors and facilitate the verification of the asset scale of offline investors on the gem, offline investors are required to operate according to the following requirements:
Before preliminary inquiry, investors must issue electronic platforms under the Shenzhen Stock Exchange（ https://eipo.szse.cn. ）Truthfully fill in the asset scale or capital scale as of the fifth trading day before the preliminary inquiry date (March 31, 2022). The asset scale or capital scale filled in by the investor shall be consistent with the amount in the asset scale or capital scale certification materials submitted to the sponsor (lead underwriter).
Investors shall strictly comply with the regulatory requirements of the industry and reasonably determine the purchase scale, and the purchase amount shall not exceed the corresponding asset scale or capital scale in the asset certification materials submitted to the sponsor (lead underwriter). 7. Provisions on offline rejection ratio: after the preliminary inquiry, the issuer and the recommendation institution (lead underwriter) shall, according to the preliminary inquiry results after excluding invalid quotations, quote all qualified placing objects from high to low according to the proposed purchase price, and from small to large according to the proposed purchase quantity of placing objects at the same proposed purchase price For the same proposed purchase price, the same proposed purchase quantity shall be ordered from last to first according to the reporting time (the reporting time shall be subject to the records of the offline issuance electronic platform of Shenzhen Stock Exchange), the same proposed purchase price, the same proposed purchase quantity and the same reporting time according to the order of placing objects automatically generated by the offline issuance electronic platform of Shenzhen Stock Exchange from last to top, excluding the highest quotation, The excluded proposed subscription amount is 1% of the proposed subscription amount of all qualified offline investors. When the lowest price in the highest declared price to be excluded is the same as the determined issue price, the Declaration on this price will not be excluded. The placing objects under the subscription network shall not be excluded.
After excluding the highest part of the quotation, the issuer and the recommendation institution (lead underwriter) carefully and reasonably determine the price of the issuer, the final issuance quantity, the effective quotation investors and the effective proposed subscription quantity by considering the remaining quotation and the proposed subscription quantity, the industry and market conditions of the issuer, the valuation level of Listed Companies in the same industry, the demand for raised funds and the underwriting risk. The number of effective offline investors determined by the issuer and the recommendation institution (lead underwriter) in accordance with the above principles shall not be less than 10.
Effective quotation refers to the quotation declared by offline investors that is not lower than the issuance price determined by the issuer and the recommendation institution (lead underwriter), which is not excluded as the highest quotation, and meets other conditions determined and announced in advance by the issuer and the recommendation institution (lead underwriter). Offline investors who submit valid quotations during the preliminary inquiry can and must participate in offline subscription. The sponsor (lead underwriter) has hired Guangdong Huashang law firm to witness the whole process of this issuance and underwriting, and will express clear opinions on the compliance and effectiveness of offline investor qualification, inquiry, pricing, placement, fund allocation, information disclosure and other relevant situations.
8. Restricted period arrangement: among the stocks issued this time, the stocks issued online have no circulation restrictions and restricted period arrangement, and can be circulated from the date of listing of the stocks issued this time on the 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.
If the offering price exceeds the lower of the median and weighted average of the offline investors’ quotations after excluding the highest quotation and the median and weighted average of the quotations of public funds, social security funds, pensions, enterprise annuity funds and insurance funds after excluding the highest quotation, the relevant subsidiary of the sponsor Western Securities Co.Ltd(002673) investment (Xi’an) Co., Ltd. will participate in the strategic placement of the offering in accordance with relevant regulations, The restricted sale period of the allocated shares for this follow-up investment is 24 months, and the restricted sale period starts from the date when the shares of this public offering are listed on the Shenzhen Stock Exchange.
9. Market value requirements:
Offline investors: Taking the two trading days before the initial inquiry of this offering (April 7, 2022, T-5) as the base date, the daily average market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market held by gem theme public funds and strategic placement funds operating in a closed manner 20 trading days before the base date (including the base date) shall be more than 10 million yuan. Other participants
