Hunan Junxin environmental protection Co., Ltd
Initial public offering and listing on GEM
Announcement of preliminary placement results of offline issuance
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
hot tip
The application of Hunan Junxin environmental protection Co., Ltd. (hereinafter referred to as "Junxin shares" or "issuer") 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 GEM Listing Committee of Shenzhen Stock exchange (hereinafter referred to as "Shenzhen Stock Exchange"), It has been approved to register by China Securities Regulatory Commission (hereinafter referred to as "CSRC") (zjxk [2022] No. 254).
The issue price determined through negotiation between the issuer and the recommendation institution (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as " Citic Securities Company Limited(600030) " or "recommendation institution (lead underwriter)") is 34.81 yuan / share, and the issue price shall not exceed the median and weighted average of offline investors' quotations 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, Therefore, relevant subsidiaries of the sponsor need not participate in follow-up investment.
The strategic placement of this issuance is finally composed of the special asset management plan established by the issuer's senior management and core employees participating in this strategic placement and other strategic investors.
The final strategic placement of this issuance is 875753900 shares, accounting for about 12.81% of the total number of this issuance. The difference between the initial strategic placement and the final strategic placement is 4910461 shares, which are 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 non restricted A-share shares and the market value of 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 43180961 shares, accounting for about 72.47% of the number of this issuance after deducting the final number of strategic placement; The initial number of shares issued online was 164015 million, accounting for about 27.53% of the number of shares issued this time after deducting the final strategic placement. The total number of final offline and online issuance is 59582461 million shares. The final number of online and offline issuance will be determined according to the online and offline callback.
According to the callback mechanism announced in the announcement of Hunan Junxin environmental protection Co., Ltd. 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 subscription multiple on the Internet was 732895205 times, higher than 100 times, After deducting the final strategic placement amount from this offering, 20% of the number of shares in this public offering (rounded up to an integral multiple of 500 shares, i.e. 11916500 shares) will be transferred back from offline to online. After the call back, the final number of offline shares issued was 31264461, accounting for about 52.47% of the number issued after deducting the final strategic placement; The final number of shares issued online was 28318000 million, accounting for about 47.53% of the number issued after deducting the final strategic placement. After the call back, the winning rate of this online issuance is Xingmin Intelligent Transportation Systems (Group) Co.Ltd(002355) 79301%, and the subscription multiple is 424485511 times.
Please pay attention to the payment link of this offering and fulfill the payment obligation in time on April 6, 2022 (T + 2). The details are as follows:
1. Offline investors shall, according to the announcement on the results of initial public offering of shares by Hunan Junxin environmental protection Co., Ltd. and initial offline placement of shares listed on the gem, timely and fully pay the subscription funds for new shares according to the final issuance price and initial placement quantity before 16:00 on April 6 (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.
The shares that offline investors give up to subscribe for are underwritten by the sponsor (lead underwriter).
2. Among the stocks issued this time, the stocks issued online have no circulation restrictions and limited sales period arrangements, and can be circulated from the date when the stocks issued this time are listed 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.
In terms of strategic placement, the restriction period for the issuer's senior managers and core employees to participate in the special asset management plan established by the strategic placement and the shares allocated to other strategic investors is 12 months, which is calculated from the date of listing of the shares publicly issued 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 shares issued after deducting the final strategic placement, the issuer and 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 times the shares of the objects of illegal sale on the stock exchange and Shenzhen Stock Exchange are merged and allocated on the stock exchange. 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.
5. Once this announcement is published, it shall be deemed to have served the notice of allocated payment to the offline investors who have participated in the offline subscription. 1、 Final result of strategic placement
(I) participants
The issue 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, relevant subsidiaries of the recommendation institution do not need to participate in follow-up investment.
The strategic placement of this issuance is finally composed of the special asset management plan established by the issuer's senior management and core employees participating in this strategic placement and other strategic investors.
The final strategic placement of this issuance is 875753900 shares, accounting for about 12.81% of the total number of this issuance. The difference between the initial strategic placement and the final strategic placement is 4910461 shares, which are transferred back to offline issuance.
As of the date of issuance of this announcement, the special asset management plan for senior management and core employees of the issuer and other strategic investors have signed a share subscription agreement with the issuer. See the special verification report of Citic Securities Company Limited(600030) on the strategic placement of initial public offering shares of Hunan Junxin environmental protection Co., Ltd. and the legal opinion of Beijing Deheng Law Firm on the verification of strategic investors of Hunan Junxin environmental protection Co., Ltd. on initial public offering shares and listing on GEM announced on March 30, 2022 (t-1).
(II) matching results
As of March 25, 2022 (T-4), strategic investors have paid their subscription funds in full and on time. The final strategic placement results of this offering are as follows:
Serial number name of strategic investor number of allocated shares (shares) amount allocated (yuan) sales restriction period
1 Citic Securities Company Limited(600030) Junxin employees participate in the 12-month strategic placement collective asset management plan of gem 444843415484998754
2 Hunan hi tech Venture Capital Group Co., Ltd. 5745471999998107 12 months
3 Hunan Xiangjiang Zhongying Investment Management Co., Ltd. 2298190799999390 12 months
4 Changsha Leading Industry Investment Co., Ltd. 143636849999008 12 months
Total 875753930484993259-
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.
The recommendation institution (lead underwriter) will return the excess payment part according to the original payment path of strategic investors before April 8, 2022 (T + 4).
2、 Offline issuance and subscription and preliminary placement results
(I) offline issuance and subscription
According to the measures for the administration of securities issuance and underwriting (CSRC order [No. 144]), the special provisions on the issuance and underwriting of initial public offerings on the gem (CSRC announcement [2021] No. 21), the implementation rules for the issuance and underwriting of initial public offerings on the gem of Shenzhen Stock exchange (revised in 2021) (SZS [2021] No. 919) The requirements of the detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market (SZS [2020] No. 483), the detailed rules for the administration of offline investors in initial public offerings (czxf [2018] No. 142), and the rules for the administration of offline investors in initial public offerings under the registration system (czxf [2021] No. 212), The sponsor (lead underwriter) has verified and confirmed the qualification of investors participating in offline subscription. According to the effective subscription results finally received by the offline issuance electronic platform of Shenzhen Stock Exchange, the sponsor (lead underwriter) makes the following statistics:
The offline subscription of this offering has been completed on March 31, 2022 (t day). After verification, it is confirmed that all the 5559 effective quotation placement objects managed by 269 offline investors disclosed in the issuance announcement have made offline subscription in accordance with the requirements of the issuance announcement, and the number of offline subscription is 615091 million shares. After verification, six placing objects managed by three offline investors participated in the offline subscription, but they were included in the abnormal list in the announcement on the abnormal list of the first batch of offline investors in 2022 published by China Securities Association on March 30, 2022. They are not qualified for placing, and will not be placed in this offering. To sum up, the number of effective investors actually participating in the offline preliminary placement is 266, the number of effective placement objects is 5553, and the number of offline effective subscription is 6144290 million shares.
The specific list of those who participate in offline subscription but are not placed due to being included in the abnormal list is as follows:
Actual purchase quantity serial number during preliminary inquiry investor name placing object name proposed purchase quantity (10000 shares)
(10000 shares)
1 Shanghai Liwei investment management Yiwei Fuxing No. 15 private placement certificate
Limited company bond investment fund 150
Beijing Chengquan Capital Management Co., Ltd
Beijing Chengquan Capital Management Co., Ltd
2 limited company - Xinfeng No. 1 private securities 210
investment funds
Beijing Chengquan capital management youyulin No. 1 private securities investment
3 limited company fund 260
Shanghai Baoyin private equity fund management Baoyin long and short steady private placement No. 2
4. Securities investment fund of Li Co., Ltd. 2,00
