Announcement of IPO results and listing on GEM
Sponsor (lead underwriter): Guotai Junan Securities Co.Ltd(601211)
hot tip
The application of Zhejiang Jindao Technology Co., Ltd. (hereinafter referred to as “the issuer” or “the company”) for the initial public offering of 25 million RMB common shares (A shares) (hereinafter referred to as “this offering”) has been examined and approved by the GEM Listing Committee of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”), And has been registered by the China Securities Regulatory Commission (hereinafter referred to as the “CSRC”) (zjxk [2022] No. 119). The sponsor (lead underwriter) of this offering is Guotai Junan Securities Co.Ltd(601211) (hereinafter referred to as ” Guotai Junan Securities Co.Ltd(601211) ” or “sponsor (lead underwriter)”). The issuer’s stock is abbreviated as “Jindao technology” and the stock code is “301279”.
This offering is conducted by a 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 non restricted A-share shares or non restricted depositary receipts market value in Shenzhen market (hereinafter referred to as “online issuance”).
The issuer and the sponsor (lead underwriter) Guotai Junan Securities Co.Ltd(601211) negotiated and determined that the number of shares to be issued this time is 25 million, and the price of this issuance is 31.20 yuan / share.
The offering price shall not exceed the median and weighted average of the offline investors’ quotation 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, so the relevant subsidiaries of the sponsor need not participate in the follow-up investment.
The initial strategic placement quantity of this issuance is 3.75 million shares, accounting for 15.00% of this issuance quantity. According to the final determined price, the final strategic placement quantity of the special asset management plan for senior managers and core employees of the issuer Guotai Junan Securities Co.Ltd(601211) Junxiang gem Jindao technology No. 1 strategic placement collective asset management plan (hereinafter referred to as “Jindao technology No. 1 asset management plan”) is 1793269 shares.
To sum up, the final number of strategic placement shares issued this time is 1793269 shares, accounting for 7.17% of the number issued this time. The difference between the initial number of strategic placement shares and the final number of strategic placement shares is 1956731 shares, which will be transferred back to offline issuance. After the callback of strategic placement and before the launch of online and offline callback mechanism, the initial number of offline issuance was 16831731 shares, accounting for 72.53% of the number issued after deducting the final number of strategic placement; The initial number of shares issued online was 6.375 million, accounting for 27.47% of the number issued after deducting the final strategic placement.
According to the callback mechanism announced in the announcement of Zhejiang Jindao Technology 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 921497341 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, After deducting the final strategic placement, 20.00% (i.e. 4.6415 million shares) of the number of shares issued in this public offering will be transferred back from offline to online.
After the call back, the final number of offline shares issued was 121902310, accounting for 52.53% of the number issued after deducting the final strategic placement; The final number of shares issued online was 110165 million, accounting for 47.47% of the number issued after deducting the final strategic placement. After the call back, the final winning rate of this online pricing issuance is 00187529400%, and the subscription multiple is 533249721 times.
The online and offline subscription and payment work of this offering has been completed on April 6, 2022 (T + 2). The details are as follows:
1、 Statistics of new share subscription
According to the data provided by Shenzhen Stock Exchange and Shenzhen Branch of China depository and Clearing Corporation Limited (hereinafter referred to as “Shenzhen Branch of China Clearing”), the sponsor (lead underwriter) made statistics on the strategic placement and the subscription of new shares issued online and offline. The results are as follows:
(I) strategic placement
The initial strategic placement quantity of this issuance is 3.75 million shares, accounting for 15.00% of this issuance quantity. According to the final price, the final strategic placement number of the special asset management plan for the senior management and core employees of the issuer is 1793269 shares.
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, 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.
To sum up, the final number of strategic placement shares issued this time is 1793269 shares, accounting for 7.17% of the number issued this time. The difference between the initial number of strategic placement shares and the final number of strategic placement shares is 1956731 shares, which will be transferred back to offline issuance.
As of March 28, 2022 (T-3), strategic investors have paid their subscription funds in full and on time. If the initial payment amount exceeds the excess amount corresponding to the final number of allocated shares, the sponsor (lead underwriter) will return it according to the original payment path before April 8, 2022 (T + 4). According to the agreement signed between the issuer and strategic investors, the strategic placement results of this issuance are determined as follows:
Name of strategic investor number of allocated shares (shares) amount allocated (yuan) sales restriction period
Jindao technology No. 1 asset management plan 17932695594999280 12 months
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 10832559
2. Subscription amount paid by online investors (yuan): 33797584080
3. Number of online investors giving up subscription (shares): 183941
4. Subscription amount abandoned by online investors (yuan): 573895920
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 12190231
2. Subscription amount paid by offline investors (yuan): 38033520720
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount abandoned by offline investors (yuan): 0
2、 Offline proportional 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 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 this offering, 1221647 shares were restricted to offline shares for six months, accounting for about 10.02% of the total offline issuance and 4.89% of the total public offering.
3、 Underwriting by the recommendation institution (lead underwriter)
The number of shares abandoned by online and offline investors is underwritten by the sponsor (lead underwriter). The number of shares underwritten by the sponsor (lead underwriter) this time is 183941 shares, the underwriting amount is 573895920 yuan, and the number of underwritten shares accounts for 0.74% of the total issued number.
On April 8, 2022 (T + 4), the sponsor (lead underwriter) transferred the underwriting funds and the funds paid and subscribed by online and offline investors after deducting the sponsor underwriting fee to the issuer. The issuer submitted an application for share registration to CSDCC Shenzhen Branch and registered the underwriting shares to the securities account designated by the sponsor (lead underwriter).
4、 Contact information of sponsor (lead underwriter)
If online and offline investors have any questions about the placement results announced in this announcement, please contact the sponsor (lead underwriter) of this offering. The specific contact information is as follows:
Sponsor (lead underwriter): Guotai Junan Securities Co.Ltd(601211)
Tel.: 02138031877, 02138031878
Contact: capital market department
Issuer: sponsor (lead underwriter) of Zhejiang Jindao Technology Co., Ltd.: Guotai Junan Securities Co.Ltd(601211) April 8, 2022
(there is no text on this page, which is the seal page of the announcement on the results of Zhejiang Jindao Technology Co., Ltd. initial public offering and listing on the GEM)
Issuer: Zhejiang Jindao Technology Co., Ltd
(there is no text on this page, which is the seal page of the announcement on the results of Zhejiang Jindao Technology Co., Ltd. initial public offering and listing on the GEM)
Sponsor (lead underwriter): Guotai Junan Securities Co.Ltd(601211) mm / DD / yyyy
