Zhejiang Zhenlei Technology Co., Ltd
Initial public offering and listing on the science and Innovation Board
Issuance arrangement and preliminary inquiry announcement
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
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Important tips
Zhejiang Zhenlei Technology Co., Ltd. (hereinafter referred to as “Zhenlei technology”, “issuer” or “company”) in accordance with the implementation opinions on establishing a science and innovation board and pilot registration system in Shanghai Stock Exchange issued by China Securities Regulatory Commission (hereinafter referred to as “CSRC announcement [2019] No. 2) Measures for the administration of securities issuance and underwriting (CSRC order [No. 144]) (hereinafter referred to as the “administrative measures”), measures for the administration of the registration of initial public offering of shares on the science and Innovation Board (for Trial Implementation) (CSRC order [No. 174]), The implementation measures for the issuance and underwriting of shares on the science and Innovation Board of Shanghai Stock Exchange (SZF [2021] No. 76) (hereinafter referred to as the “implementation measures”) promulgated by Shanghai Stock Exchange (hereinafter referred to as “Shanghai Stock Exchange”) Guidelines for the application of the issuance and underwriting rules of the science and Innovation Board of Shanghai Stock Exchange No. 1 – initial public offering of shares (SZF [2021] No. 77) (hereinafter referred to as the “underwriting guidelines”), detailed rules for the implementation of online issuance of initial public offering of shares in Shanghai market (SZF [2018] No. 40) (hereinafter referred to as the “detailed rules for the implementation of online issuance”) The detailed rules for the implementation of offline issuance of initial public offerings in Shanghai market (SZF [2018] No. 41) (hereinafter referred to as the “detailed rules for the implementation of offline issuance”), the code for underwriting initial public offerings under the registration system (zsxf [2021] No. 213) (hereinafter referred to as the “underwriting code”) issued by the China Securities Association Detailed rules for the administration of offline investors in initial public offerings (zxsf [2018] No. 142) (hereinafter referred to as “detailed rules for the administration of offline investors”), rules for the administration of offline investors in initial public offerings under the registration system and guidelines for the classification, evaluation and management of offline investors in initial public offerings under the registration system (zxsf [2021] No. 212) And other relevant provisions, as well as the relevant provisions of the Shanghai Stock Exchange on stock issuance and listing rules and the latest operating guidelines, IPO and listing on the science and innovation board.
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) “, “lead underwriter” or “sponsor (lead underwriter)”) serves as the sponsor (lead underwriter) of this offering.
The issuance adopts 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-Shares and non restricted depositary receipts in Shanghai market (hereinafter referred to as “online issuance”). The lead underwriter shall be responsible for organizing and implementing the strategic placement, preliminary inquiry and online and offline issuance of this offering. The strategic placement of this offering is carried out at the main underwriter. The preliminary inquiry and offline subscription are carried out through the IPO offline subscription electronic platform of Shanghai Stock Exchange (hereinafter referred to as “offline subscription platform”), and the online offering is carried out through the trading system of Shanghai Stock Exchange. Investors are invited to carefully read this announcement. For details of preliminary inquiry and electronic offline issuance, please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) The published rules for the implementation of offline issuance and other relevant provisions.
Investors can visit the following website（ http://www.sse.com.cn./disclosure/listedinfo/listing/ 、 http://www.sse.com.cn./ipo/home/ ）Check the full text of the announcement.
Basic information of the issuer
The full name of the company is Zhejiang Zhenlei Technology Co., Ltd. and the securities is abbreviated as Zhenlei technology
limited company
Securities code / 688270 online subscription code 787270
Offline subscription code
Offline subscription referred to as zhenradium technology online subscription referred to as zhenradium subscription
Industry name computer, communication and other industry code C39
Electronic equipment manufacturing
Basic information of this offering
Issuance method this issuance adopts the combination of strategic placement, offline issuance and online issuance.
Pricing method offline preliminary inquiry directly determines the issue price, and offline cumulative bid inquiry is no longer performed
Total share capital before issuance (RMB 8190.00) number of shares to be issued (RMB 10000) 2731.00
Shares)
Estimated number of new shares issued 2731.00 estimated number of old shares transferred-
(10000 shares) (10000 shares)
Total share capital after issuance (10000 shares of the number to be issued)
25.01) proportion of total share capital after 10921.00
（%）
Online initial issuance 696.40 offline initial issuance 1624.95
(10000 shares) (10000 shares)
Each proposed offline subscription is 820.00, and each proposed offline subscription is 50.00
Upper limit (10000 shares) lower limit (10000 shares)
The number of initial strategic placements is 409.65, accounting for 15.00 of the proposed initial strategic placements
(10000 shares) issued quantity ratio (%)
Special for senior executives and core employees of relevant subsidiaries of the recommendation institution
Initial follow-up shares of the company (1.3655 million shares subscribed by the asset management plan / 273.10)
Maximum amount (10000 shares / 10000 shares)
(yuan)
Is there any other strategic allocation? Is there any new share placement brokerage commission of 0.50
Selling arrangement rate (%)
Important date of this issuance
Date of preliminary inquiry and from to January 13, 2022 publication date of issuance announcement January 17, 2022
Time (9:30-15:00)
Offline Subscription Date and from to January 18, 2022 online subscription date and from to January 18, 2022
Time (9:30-15:00) time (9:30-11:30,
13:00-15:00）
Offline payment date and deadline: January 20, 2022 online payment date and deadline: January 20, 2022
Time 16:00 time day end
Note: none (if there are unprofitable, special voting rights, CDR, over allotment option, special par value, etc., please indicate here)
Please pay attention to the following key contents:
1. Verification of inquiry qualification of offline investors: the “offline investors” mentioned in this announcement refer to institutional investors participating in offline issuance, and the “placing object” refers to offline investors or securities investment products managed by them.
Offline investors shall complete the registration of placing objects at the China Securities Association before 12:00 noon on January 12 (T-4), 2022, and pass the sponsor (lead underwriter) CITIC Securities IPO offline investor qualification verification system (website: https://www.citics.com./ipo/login/index.html ）Online submission of letter of commitment and relevant verification materials. The lead underwriter has formulated the standards for offline investors according to relevant systems and rules. See “III. (I) participation conditions and quotation requirements of offline investors” in this announcement for specific standards and arrangements. Only investors who meet the standards for offline investors determined by the issuer and the lead underwriter can participate in the preliminary inquiry of this offering. Those who participate in the preliminary inquiry of this offering without meeting the relevant standards shall bear all the consequences caused by this behavior, and the lead underwriter will set their quotation as invalid on the offline subscription platform, Relevant information was disclosed in the announcement of Zhejiang Zhenlei Technology Co., Ltd. on initial public offering and listing on the science and Innovation Board (hereinafter referred to as the “issuance announcement”).
2. Requirements for offline investors to submit pricing basis and suggested price or price range: offline investors must submit the price information at 13:00-14:30 and 15:00-22:00 on the trading day before the preliminary inquiry date (January 12, 2022, T-4)
Or 6:00-9:30 on the preliminary inquiry date (January 13, 2022, T-3), submit the pricing basis and the recommended price or price range given in the internal research report through the offline subscription platform of Shanghai Stock Exchange. 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. Offline investors who fail to submit the pricing basis and suggested price or price range before the inquiry shall not participate in the inquiry. If the offline investor fails to submit the pricing basis and recommended price or price range, the recommendation institution (lead underwriter) will consider the offline investor’s quotation invalid.
3. Verification requirements for asset scale of offline investors: the subscription amount of each product under the investor’s own funds or management participating in offline inquiry shall not exceed the asset scale or capital scale specified in the asset certificate of asset scale (total assets) or capital scale provided to the lead underwriter: public fund, fund account, asset management plan Private equity funds (including asset management plans of futures companies and their asset management subsidiaries) and other products shall provide valid proof materials of the total assets of the products on the fifth trading day (January 6, 2022, T-8) before the preliminary inquiry date; The self operated investment account shall provide the explanatory materials on the capital scale of the self operated account issued by the company (the capital scale is up to January 6, 2022, T-8). The above-mentioned proof materials of asset scale or capital scale shall be stamped with the official seal of the company or the official seal of external certification agency.
In particular, offline investors are reminded that in order to promote the prudent quotation of offline investors and facilitate the verification of the asset scale of offline investors on the science and innovation board, the Shanghai stock exchange requires offline investors to promise the asset scale in the offline subscription platform, and invites offline investors to operate according to the relevant steps in “III. (V) preliminary inquiry”. If the lead underwriter finds that the investor fails to comply with the regulatory requirements of the industry and applies for purchase beyond the corresponding asset scale or capital scale, the subscription of the placing object is invalid; If the asset scale or capital scale filled in by the investor on the offline subscription platform is inconsistent with the asset scale or capital scale in the asset certification materials of the placing object submitted to the lead underwriter, the lead underwriter has the right to determine that the quotation of the placing object is invalid.
4. Prudent quotation requirements for offline investors: in order to further standardize the underwriting order of new shares issued on the science and innovation board, offline investors are required to participate in offline inquiry in strict accordance with the principles of science, independence, objectivity and prudence. The details are as follows: (1) for the same IPO issued on the science and innovation board, the offline subscription platform can record at most two preliminary inquiry and quotation records submitted by the same offline investors. Offline investors shall submit all quotation records for all placing objects to participate in quotation at one time. If two quotation records are submitted, the quotation records submitted for the second time shall prevail. (2) After submitting the quotation record for the first time, offline investors shall not modify it in principle. If it is necessary to modify it, they shall re perform the quotation decision-making procedure, fill in the reason for price change, the logical calculation basis of price change range, and whether the previous quotation has insufficient pricing basis and incomplete quotation decision-making procedure, and archive the relevant materials for future reference. The submitted contents and archived materials for future reference will be used as an important basis for subsequent regulators to verify offline investors’ quotation decisions and relevant internal control systems.
5. Upper limit of offline subscription: the upper limit of the number of subscription shares for each placement object in this offline issuance is 8.2 million shares, accounting for about 50.46% of the initial offline issuance. Offline investors and their managed placing objects shall strictly comply with the regulatory requirements of the industry, strengthen risk control and compliance management, and prudently and reasonably determine the proposed purchase price and quantity. 6. High price rejection mechanism: according to the preliminary inquiry results after excluding the quotations of unqualified investors, the issuer and the lead underwriter offer 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 subject to the reporting time (the reporting time shall be subject to the records of the offline purchase platform of the Shanghai Stock Exchange). For the same proposed purchase price, the same proposed purchase quantity shall be subject to the reporting time
