Jiayuan Technology Co., Ltd
Initial public offering of shares and listing on GEM, announcement of issuance results, sponsor (lead underwriter): Citic Securities Company Limited(600030)
The application of Jiayuan Technology Co., Ltd. (hereinafter referred to as “Jiayuan technology” or “the 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 [2021] No. 3309). The sponsor (lead underwriter) of this offering is Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) ” or “sponsor (lead underwriter)”). The issuer’s shares are referred to as “Jiayuan technology” for short, and the stock code is “301117”.
This offering is conducted 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 the market value of non restricted A-Shares and non restricted depositary receipts in Shenzhen market (hereinafter referred to as “online issuance”).
Based on the preliminary inquiry results, the issuer and the recommendation institution (lead underwriter) negotiated and determined that the issuing price of the issuing bank is 46.80 yuan / share and the number of issued shares is 23.0733 million shares, taking into account the effective subscription multiple, the valuation level of comparable companies in the industry, the issuer’s industry, the issuer’s fundamentals, market conditions, demand for raised funds and underwriting risks.
The issuing price of this offering exceeds the median and weighted average of offline investors\’ quotation after excluding the highest quotation, as well as the securities investment fund, national social security fund, basic old-age insurance fund established through public offering after excluding the highest quotation The enterprise annuity fund established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund quotation median and weighted average in accordance with the measures for the administration of the use of insurance funds are 45.5531 yuan / share, with an excess range of about 2.74%. According to the detailed rules for the implementation of the issuance and underwriting business of initial public offering on the gem of Shenzhen Stock Exchange (revised in 2021) (hereinafter referred to as the “detailed rules”), the relevant subsidiaries of the sponsor shall participate in this strategic placement. The related subsidiary of the sponsor is Citic Securities Company Limited(600030) Investment Co., Ltd. (hereinafter referred to as “CSI investment”).
The initial number of strategic placement shares issued in this issuance is 3460995, accounting for 15.00% of this issuance. Among them, the special asset management established by the issuer’s senior managers and core employees participating in the strategic placement accounted for 10.00% of the number of issues; The initial strategic placement of relevant subsidiaries of the sponsor was 1153665 shares, accounting for 5.00% of the issuance. The subscription funds promised by the strategic placement investors have been remitted to the bank account designated by the sponsor (lead underwriter) within the specified time.
The strategic placement of this issuance is finally composed of Jiayuan science and technology war allocation management plan and follow-up investment of relevant subsidiaries of the sponsor. According to the issuance price of 46.80 yuan / share determined through negotiation between the issuer and the recommendation institution (lead underwriter), the scale of this issuance is 1079830400 yuan. According to the implementation rules, “if the issuance scale is more than 1 billion yuan and less than 2 billion yuan, the follow-up investment proportion is 4%, but not more than 60 million yuan”. The final number of strategic placement shares of CSI investment is 922932 shares, accounting for 4.00% of the number of shares issued this time. The final number of strategic placement shares of Jiayuan science and technology war asset allocation management plan is 1260683 shares, accounting for about 5.46% of the number of shares issued this time. The final number of strategic placements in this offering is 2183615 shares, accounting for about 9.46% of this offering. The difference between the initial strategic placement and the final strategic placement was 1277380 shares, which were 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 is 15006185 shares, accounting for about 71.84% of the number issued after deducting the final number of strategic placement; The initial number of shares issued online was 5883500, accounting for about 28.16% of the number issued after deducting the final strategic placement.
According to the callback mechanism announced in the announcement of Jiayuan Technology 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 online subscription multiple was 10820.78457 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. 4178000 shares) will be transferred back online from offline. After the callback mechanism was launched, the final number of offline shares issued was 10828185, accounting for about 51.84% of the number issued after deducting the final strategic placement; The final number of shares issued online is 10061500, accounting for about 48.16% of the number issued after deducting the final strategic placement. After the call back, the winning rate of this online offering was 0.0158040437%, and the subscription multiple was 6327.49451 times.
The online and offline subscription and payment work of this offering has been completed on January 7, 2022 (T + 2). 1、 Statistics on subscription of new shares
The sponsor (lead underwriter) made statistics on the subscription of new shares issued online and offline in this strategic placement according to the payment of strategic investors and the data provided by Shenzhen Stock Exchange and Shenzhen Branch of China Securities Depository and Clearing Co., Ltd. (hereinafter referred to as “Shenzhen Branch of China Securities Depository and Clearing Corporation”), and the results are as follows:
(I) strategic placement
The issuing price of this offering is 46.80 yuan / share, which exceeds 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, which is 45.5531 yuan / share, with an exceeding range of about 2.74%, The recommending subsidiary shall participate in the strategic placement.
According to the implementation rules, the final strategic placement number of CSI investment of the relevant subsidiary of the sponsor in this issuance is 922932 shares, accounting for 4.00% of the issuance number. The final number of strategic placement shares of Jiayuan science and technology war asset allocation management plan is 1260683 shares, accounting for about 5.46% of the number of shares issued this time. The final number of strategic placements in this offering is 2183615 shares, accounting for about 9.46% of this offering.
As of December 29, 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, the sponsor (lead underwriter) and the strategic investors, the final strategic placement results of this issuance are as follows:
Serial number name number of allocated shares (shares) amount allocated (yuan) sales restriction period (month)
1 Jiayuan science and technology war allocation management plan 1260683 58999964.40 12
2 Certificate Investment 922932 43193217.60 24
Total 2183615 102193182.00-
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 10001298
2. Subscription amount paid by online investors (yuan): 468060746.40
3. Number of online investors giving up subscription (shares): 60202
4. Subscription amount waived by online investors (yuan): 2817453.60
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 10828185
2. Subscription amount paid by offline investors (yuan): 506759058.00
3. Number of offline investors giving up subscription (shares): 0
4. Subscription amount waived by offline investors (yuan): 0.00 II. Offline proportion 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, 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 this offering, the number of shares restricted to offline for 6 months is 1085476, accounting for about 20% of the shares issued offline
10.02% of the total, accounting for about 4.70% of the total shares issued to the public. 3、 Underwriting by the sponsor (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 60202 shares, the underwriting amount is 2817453.60 yuan, and the number of underwritten shares accounts for 0.26% of the total issued number.
On January 11, 2022 (T + 4), the sponsor (lead underwriter) will underwrite the capital and strategic investment
After deducting the recommendation and underwriting fees, the funds paid and subscribed by investors online and offline will be transferred to the issuer. The issuer will submit an application for share registration to CSDCC Shenzhen Branch and register the underwritten shares in the securities account designated by the recommendation institution (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. Contact details are as follows:
Sponsor (lead underwriter): Citic Securities Company Limited(600030)
Tel.: 010-6083 3640
Contact: stock capital market department
Issuer: sponsor (lead underwriter) of Jiayuan Technology Co., Ltd.: Citic Securities Company Limited(600030) January 11, 2022 (there is no text on this page, which is the seal page of the announcement on the results of initial public offering and listing on the gem of Jiayuan Technology Co., Ltd.)
Issuer: Jiayuan Technology Co., Ltd. (this page has no text and is the sealed page of announcement on the results of initial public offering and listing on gem of Jiayuan Technology Co., Ltd.)
Sponsor (lead underwriter): Citic Securities Company Limited(600030) mm / DD / yy
