Qingyan Environmental Technology Co., Ltd
Initial public offering and listing on GEM
Announcement of issuance results
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
hot tip
The application of Qingyan Environment Technology Co., Ltd. (hereinafter referred to as “Qingyan environment” or “issuer”) for the initial public offering of 27.01 million RMB common shares (A shares) (hereinafter referred to as “this offering”) has been examined and approved by the members of the GEM Listing Committee of Shenzhen Stock exchange (hereinafter referred to as “Shenzhen Stock Exchange”), and has been approved and registered by the China Securities Regulatory Commission (CSRC license [2022] No. 543).
China Securities Co.Ltd(601066) (hereinafter referred to as ” China Securities Co.Ltd(601066) securities”, “sponsor (lead underwriter)” or “lead underwriter”) serves as the sponsor (lead underwriter) of this offering. The issuer’s stock is abbreviated as “Qingyan environment” and the stock code is “301288”.
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 and non restricted depositary receipts market value in Shenzhen market (hereinafter referred to as “online issuance”).
The issuer negotiated with the sponsor (lead underwriter) and determined that the price of this stock issue is 19.09 yuan / share, and the number of shares issued is 27.01 million, all of which are new shares without the transfer of old shares. The issuing price of this offering shall not exceed the median and weighted average of the quotations of offline investors after excluding the highest quotation, as well as the median quotation of securities investment funds, national social security funds, basic endowment insurance funds established through public offering after excluding the highest quotation, enterprise annuity funds established in accordance with the measures for the administration of enterprise annuity funds and insurance funds in accordance with the measures for the administration of the use of insurance funds The weighted average (hereinafter referred to as the “four values”) is the lower value, so the relevant subsidiaries of the sponsor need not participate in follow-up investment.
The strategic placement investors of this issuance are the special asset management plan of the issuer’s senior managers and core employees. The initial number of strategic placement shares issued in this issuance is 4051500 shares, accounting for 15.00% of the issued number. According to the final issue price, the final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer is 2195180 shares, accounting for about 8.13% of the number of shares issued this time, and the final number of strategic placement shares for strategic placement investors in this issue is 2195180 shares, accounting for about 8.13% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement of 1856320 shares will be transferred back to offline issuance.
After the callback of strategic placement and before the launch of online and offline callback mechanism, the number of offline issuance was 17927320 shares, accounting for 72.24% of the number of this issuance after deducting the number of strategic placement; The number of shares issued online was 6.8875 million, accounting for 27.76% of the number of shares issued this time after deducting the number of strategic placements. According to the callback mechanism announced in the announcement of Qingyan Environmental 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 891903927 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, 20.00% of the shares issued this time (rounded up to an integral multiple of 500 shares, i.e. 4963000 shares) will be transferred back from offline to online. After the callback mechanism was launched, the final number of offline shares issued was 12964320, accounting for 52.24% of the total issued after deducting the final strategic placement; The final online issuance was 118505 million shares, accounting for 47.76% of the total issuance after deducting the final strategic placement. After the callback mechanism was launched, the final winning rate of online issuance was 00192910997%, and the effective subscription multiple was 518373765 times.
The online and offline subscription and payment work of this offering has been completed on April 14, 2022 (T + 2). The details are as follows:
1、 Statistics of new share subscription
According to the payment of the strategic investors and 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 subscription of new shares issued online and offline in this strategic placement. The results are as follows: (I) strategic placement
The issuing price of this offering does not exceed the lower of the “four values”, so the relevant subsidiaries of the sponsor will not participate in the strategic placement. The strategic placement of this issuance consists of the special asset management plan of the issuer’s senior managers and core employees.
According to the final issue price, the final number of strategic placement shares in the special asset management plan for senior managers and core employees of the issuer is 2195180 shares, accounting for about 8.13% of the number of shares issued this time. The final number of strategic placement shares is 2195180 shares, accounting for 8.13% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement shares of 1856320 shares will be transferred back to offline issuance.
As of April 6, 2022 (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, the sponsor (lead underwriter) and the strategic investors, the strategic placement results of this issuance are determined as follows:
Sequence name of strategic investor number of allocated amount of allocated amount sales restriction period No. (shares) (yuan) (month)
1 China Securities Co.Ltd(601066) Qingyan environment No. 1 strategy 9354631785798867 12
Placement collective asset management plan
2 China Securities Co.Ltd(601066) Qingyan environment strategy 212597172404799753 12
Placement collective asset management plan
Total 21951804190598620-
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.
(II) online subscription of new shares
1. Number of shares subscribed by online investors: 11726446 shares
2. Subscription amount paid by online investors: 22385785414 yuan
3. Number of online investors giving up subscription: 124054 shares
4. Subscription amount abandoned by online investors: 236819086 yuan
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors: 12964320 shares
2. Subscription amount paid by offline investors: 24748886880 yuan
3. Number of offline investors giving up subscription: 0 shares
4. Subscription amount abandoned by offline investors: 0 yuan
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, the number of shares whose offline proportion is restricted for six months is 1298731, accounting for about 10.02% of the total offline issuance and 4.81% 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) is 124054, and the underwriting amount is 236819086 yuan. The number of shares underwritten by the recommendation institution (lead underwriter) accounts for about 0.46% of the total shares of this public offering.
On April 18, 2022 (T + 4), the recommendation institution (lead underwriter) will transfer the underwriting funds, war allocation funds and the funds raised by online and offline issuance to the issuer after deducting the recommendation and underwriting fee. The issuer shall submit an application for share registration to CSDCC Shenzhen Branch and register the underwritten 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 issuance results announced in this announcement, please contact the sponsor (lead underwriter) of this issuance. The specific contact information is as follows:
Sponsor (lead underwriter): China Securities Co.Ltd(601066)
Contact address: 10 / F, block B, Kaiheng Center, No. 2 chaonei street, Dongcheng District, Beijing
Tel: 01086451547, 01086451548
Fax: 01085130542
Contact: equity capital market department
Issuer: sponsor of Qingyan Environmental Technology Co., Ltd. (lead underwriter): China Securities Co.Ltd(601066) April 18, 2022 tpqzyfxrpagebreak
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