Jiangsu Yike Food Group 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 Jiangsu Yike Food Group Co., Ltd. (hereinafter referred to as “Yike food” or “issuer”) for initial public offering (hereinafter referred to as “this offering”) and listing on the gem was reviewed and approved by the GEM Listing Committee of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock exchange”) on March 25, 2021, It was approved to register by the China Securities Regulatory Commission (zjxk [2021] No. 3800). The issuer and the sponsor (lead underwriter) Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “sponsor (lead underwriter)”) negotiated and determined that the number of shares issued this time is 44897960 shares. The offering price is 11.40 yuan / share, which does not exceed the median and weighted average of offline investors\’ quotations after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as “public fund”) and the National Social Security Fund (hereinafter referred to as “social security fund”) established through public offering after excluding the highest quotation The lower of the median quotation and weighted average of the basic endowment insurance fund (hereinafter referred to as “pension”), the enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund (hereinafter referred to as “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, Therefore, the relevant subsidiaries of the sponsor do not need to participate in the follow-up investment. The initial number of shares of the relevant subsidiaries of the sponsor participating in the follow-up investment is 2244898 shares, which will be fully transferred back to the offline issuance.
According to the finally determined issuance price, the final strategic placement number of the special asset management plan for the senior management and core employees of the issuer is 1754385 shares, which is 2735411 shares, which is the difference from the initial expected subscription number, and is transferred back to the offline issuance. To sum up, the strategic placement of this issue only has the special asset management plan of the issuer’s senior managers and core employees. The final number of strategic placement is 1754385 shares, accounting for 3.91% of the total amount of this issue. The difference between the initial strategic placement and the final strategic placement of 4980309 shares will be transferred back to offline issuance.
After the strategic placement callback and before the online and offline callback mechanism is launched, the initial number of offline issuance is 35511075 shares, accounting for about 82.31% of the total issued after deducting the final strategic placement; The initial number of shares issued online was 7.6325 million, accounting for about 17.69% of the total issued after deducting the final strategic placement.
According to the announcement on initial public offering and listing on gem of Jiangsu Yike Food Group Co., Ltd. (hereinafter referred to as the “announcement on preliminary inquiry and recommendation”) and the announcement on initial public offering and listing on gem of Jiangsu Yike Food Group Co., Ltd. (hereinafter referred to as the “announcement on issuance”) According to the announced callback mechanism, since the initial effective subscription multiple on the Internet is 10607.35539 times, more than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, and 20.00% (rounded up to several times of 500 shares, i.e. 8.629 million shares) of the shares issued this time after deducting the final strategic placement part will be withdrawn from the Internet to the Internet. After the call back, the final number of offline shares issued was 26882075, accounting for about 62.31% of the total issued after deducting the final strategic placement; The final number of online issuance is 162615000 shares, accounting for about 37.69% of the total amount of this issuance after deducting the final strategic placement. After the callback mechanism was launched, the final winning rate of online issuance was 0.0200856861%.
Investors are kindly requested to focus on the issuance process, payment, disposal of share abandonment, etc. the details are as follows:
1. Offline investors shall, in accordance with the announcement on the results of initial public offering of shares by Jiangsu Yike Food Group 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 issue price and the number of shares allocated before 16:00 on January 10 (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 same placing object is allocated multiple new shares on the same day, it is necessary to pay for each new share in full and fill in the remarks in accordance with the specifications. If the placing object has insufficient funds for a single new share, all the new shares allocated to the placing object on that day will be invalid, and the resulting consequences shall be borne by the investors themselves. If the above 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, 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 shares issued this time, the shares issued online have no circulation restrictions and restricted sales period arrangements, and can be circulated from the date of listing of the shares 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, which shall be calculated from the date of listing and trading of the issued shares on the Shenzhen Stock Exchange.
When offline investors participate in the preliminary inquiry and quotation and offline subscription, they do not need to fill in the arrangement of the sales restriction period for the placing objects under their management. Once the quotation is made, it is deemed to accept the arrangement of the online sales restriction period disclosed in this announcement.
In terms of strategic placement, the investors of this strategic placement are the special asset management plan for the senior management and core employees of the issuer. The restricted period of shares allocated to strategic investors is 12 months, which shall be calculated from the date of listing of the shares publicly issued on the Shenzhen Stock Exchange.
3. When the total number of shares paid and subscribed by offline and online investors is less than 70% of the number of public offerings 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 sponsor (lead underwriter) shall report the breach of contract to the China Securities Association for the record. The number of violations of placing objects in the stock markets of Beijing stock exchange (hereinafter referred to as “Beijing stock exchange”), Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) and Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”) shall be calculated together.
During the period of being included in the restricted list, the placing object shall not participate in the offline inquiry and placement of relevant projects in all sectors of the stock market of Beijing stock exchange, Shanghai Stock Exchange and Shenzhen 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 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, pensions, social security funds, enterprise annuity funds and insurance funds after excluding the highest quotation. Therefore, relevant subsidiaries of the sponsor need not participate in follow-up investment.
On January 4, 2022 (T-2), the issuer and the sponsor (lead underwriter) negotiated and determined the issue price of 11.40 yuan / share according to the preliminary inquiry results.
As of December 30, 2021 (T-4), strategic investors have paid their subscription funds in full and on time. According to the relevant agreements in the strategic placement agreement signed by 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
Yike food employee information management plan 1754385 19999989.00 12 months
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], special provisions on the issuance and underwriting of initial public offerings on the gem (CSRC announcement [2021] No. 21), detailed rules for the implementation of securities issuance and underwriting of initial public offerings on the gem of Shenzhen Stock exchange (revised in 2021) (SZS [2021] No. 919) Detailed rules for the implementation of offline issuance of initial public offerings in Shenzhen market (SZS [2020] No. 483), code for underwriting of initial public offerings under the registration system (czxf [2021] No. 213) The sponsor (lead underwriter) has verified and confirmed the qualification of investors participating in offline subscription in accordance with the requirements of the detailed rules for the administration of offline investors in initial public offering of shares (zsxf [2018] No. 142) and the rules for the administration of offline investors in initial public offering of shares under the registration system (zsxf [2021] No. 212). 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 January 6, 2022 (t day). After verification, it is confirmed that among the 6234 effective quotation placing objects managed by 301 offline investors disclosed in the issuance announcement, 2 placing objects managed by 1 offline investor did not participate in offline subscription, and the 6232 effective quotation placing objects managed by the remaining 300 offline investors participated in offline subscription in accordance with the requirements of the issuance announcement, The number of valid subscriptions is 96772 million shares. The details of investors who fail to make offline subscription in accordance with the requirements of the issuance announcement are as follows:
Description of the proposed subscription quantity of investors under the order network
No. (10000 shares)
1. Hongye Zhixuan enhanced phase 1 collective asset management plan 1600 of Hongye Futures Co., Ltd. was not subscribed
2. Hongye Zhixuan enhanced phase 2 collective asset management plan 1600 of Hongye Futures Co., Ltd. was not subscribed
(II) preliminary offline placement results
According to the offline placement principles and calculation methods published in the preliminary inquiry and promotion announcement, the issuer and the sponsor (lead underwriter) have made a preliminary placement of offline issued shares. The effective subscription and preliminary placement of various offline investors are shown in the table below:
Effective subscription shares accounted for the total effective initial placement shares accounted for offline issuance
Number of investor categories (10000 shares) proportion of the total number of subscription (shares) placement proportion
proportion
Class a investor 5226000 54.00% 18826878 70.04% 0.03602541%
Class B investors 54400 0.56% 195942 0.73% 0.03601875%
Class C investors 4396800 45.43% 7859255 29.24% 0.01787494%
Total 9677200 100.00% 26882075 100.00% 0.02777877%
Note: if the total is inconsistent with the mantissa of the sum of the values of each sub item, it is caused by rounding.
The above placement results comply with the offline placement principles announced in the preliminary inquiry and promotion announcement, of which 130 zero shares are allocated to the “Taikang Endowment Insurance Co., Ltd. – dividend insurance investment account” managed by “Taikang Endowment Insurance Co., Ltd.” in accordance with the offline placement principles announced in the preliminary inquiry and promotion announcement. See “attached table: preliminary placement details of offline investors” for the allocation of each placement object. 3、 Contact information of sponsor (lead underwriter)
If the above offline investors have any questions about the offline preliminary placement results announced in this announcement, please contact the sponsor (lead underwriter) of this offering. Contact details are as follows:
Sponsor (lead underwriter): Citic Securities Company Limited(600030) Tel.: 010-60833699 contact: stock capital market department email address: [email protected].
Issuer: sponsor (lead underwriter) of Jiangsu Yike Food Group Co., Ltd.: Citic Securities Company Limited(600030) January 10, 2022 (there is no text on this page, which is the seal page of announcement on initial public offering and initial placement results of offline issuance of Jiangsu Yike Food Group Co., Ltd. on GEM)
Issuer: Jiangsu Yike Food Group Co., Ltd. (there is no text on this page, which is the seal page of the announcement on the results of initial public offering and initial placement of Jiangsu Yike Food Group Co., Ltd. under the GEM Listing network)
