Yidong Electronic Technology Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999)
hot tip
The application of Yidong Electronic Technology Co., Ltd. (hereinafter referred to as “Yidong Electronics”, “issuer” or “company”) for initial public offering of no more than 58.4 million common shares (A shares) and listing on the gem (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”), It has been approved for registration by China Securities Regulatory Commission (zjxk [2021] No. 3938).
The issuer negotiated with the recommendation institution (lead underwriter) China Merchants Securities Co.Ltd(600999) (hereinafter referred to as ” China Merchants Securities Co.Ltd(600999) ” or “recommendation institution (lead underwriter)”) to determine that the number of shares issued this time is 58.4 million. The issue price is 37.23 yuan / share. The initial number of strategic placement shares issued in this issuance was 8.76 million, accounting for 15.00% of the issued number.
The issuing price of this offering shall not exceed 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, whichever is lower. Relevant subsidiaries of the sponsor need not participate in this strategic placement.
The strategic placement of this offering is a special asset management plan for the issuer’s senior managers and core employees, and the relevant subsidiaries of the sponsor do not participate in the strategic placement. The final number of strategic placement was 4294923 shares, accounting for 7.35% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement of 446507700 shares will be transferred back to offline issuance.
The issuance is finally carried out by a combination of directional placement to strategic investors (hereinafter referred to as “strategic placement”), online lower limit sale of A-Shares or pricing issuance of non restricted depositary receipts by social public investors (hereinafter referred to as “online issuance”).
After the strategic placement callback and before the online and offline callback mechanism is launched, the initial offline issuance number is 39213077 shares, accounting for 72.48% of the current issuance after deducting the strategic placement number; The initial number of shares issued online was 14892000, accounting for 27.52% of the number of shares issued this time after deducting the number of strategic placements. The total number of final offline and online issuance is 54.105077 million shares, and the final number of online and offline issuance will be determined according to the callback.
Yidong electronics initially issued 14892000 shares of “Yidong Electronics” through the online pricing of the trading system of Shenzhen Stock Exchange on January 12 (T) 2022.
Investors are kindly requested to pay attention to the payment process of this offering and fulfill their payment obligations on January 14, 2022 (T + 2):
1. The offline allocated investors shall timely and fully pay the subscription funds for new shares before 16:00 on January 14 (T + 2) 2022 according to the final issuance price and allocated quantity according to the announcement on the initial public offering of shares by Yidong Electronic Technology Co., Ltd. and the initial placement results of offline issuance listed on the gem disclosed on January 14 (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 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.
After winning the subscription of new shares, online investors shall fulfill the obligation of capital settlement in accordance with the announcement on the results of initial public offering of shares by Yidong Electronic Technology Co., Ltd. and online lottery for listing on GEM, so as to ensure that their capital account will eventually have sufficient capital for subscription of new shares on January 14 (T + 2) 2022, and the insufficient part shall be deemed to have given up the subscription, The resulting consequences and relevant legal liabilities shall be borne by the investors themselves. The investor’s fund transfer shall comply with the relevant provisions of the securities company where the investor is located.
The shares that offline and online investors give up to subscribe for shall be 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 senior management and core employees of the issuer participated in the special asset management plan established by this strategic placement. The employees of China Merchants asset management Yidong electronics participated in the gem strategic placement collective asset management plan, and the sales restriction period of the allocated shares was 12 months. The restricted sale period shall be calculated from the date when the shares issued to the public are listed 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 this public offering after deducting the strategic placement part, 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 investors who provide effective quotation fail to participate in the subscription or the offline investors who obtain the preliminary placement fail 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 recommendation institution (lead underwriter) shall report the breach of contract to the China Securities Association for the record. The number of violations of placing objects in various sectors of the stock market 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 shall be calculated together. During the period of being included in the restricted list, the relevant placing objects shall not participate in the offline inquiry and subscription of relevant projects in all sectors of the stock market of Beijing stock exchange, Shanghai Stock Exchange and Shenzhen Stock Exchange.
If the online investor fails to make full payment after winning the lottery for 3 times in a row within 12 months, it shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the next day of the settlement participant’s latest declaration of abandonment of subscription.
The number of times of abandonment of subscription shall be calculated according to the number of times that the investor actually abandons the subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds.
1、 Online subscription and initial winning rate of online issuance
According to the data provided by Shenzhen Stock Exchange, the sponsor (lead underwriter) has made statistics on the subscription of this online offering. The number of effective subscription accounts of this online pricing offering is 13051476, the number of effective subscription shares is 127404046000, the total number of allotments is 254808092, the starting number of allotments is 00000000000 1, and the ending number is 000254808092.
2、 Implementation of callback mechanism, issuance structure and final winning rate of online issuance
According to the callback mechanism announced in the announcement on the initial public offering and listing of Yidong Electronic Technology Co., Ltd. on the gem, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism because the initial effective subscription multiple on the Internet was 8555.20051 times, higher than 100 times, After deducting the final strategic placement, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 10821500 shares) of the number of shares issued this time will be transferred back from the offline to the online. After the call back, the final number of offline shares issued was 28391577, accounting for 52.47% of the total issued after deducting the final strategic placement; The final online issuance was 25713500 shares, accounting for 47.53% of the total issuance after deducting the final strategic placement. After the call back, the winning rate of this online pricing issuance is 0.0201826400%, and the effective subscription multiple is 4954.75318 times.
3、 Online lottery
The issuer and the recommendation institution (lead underwriter) are scheduled to conduct lottery at Room 308, Shenye center, No. 5045, Shennan East Road, Luohu District, Shenzhen on the morning of January 13, 2022 (T + 1), The results of online lottery will be published on China Securities Journal, Shanghai Securities Journal, securities times, Securities Daily, economic information daily and financial times on January 14, 2022 (T + 2).
Issuer: sponsor (lead underwriter) of Yidong Electronic Technology Co., Ltd.: China Merchants Securities Co.Ltd(600999) January 13, 2022 (there is no text on this page Seal page of announcement on online subscription and winning rate of Yidong Electronic Technology Co., Ltd. for initial public offering and listing on GEM)
Issuer: Yidong Electronic Technology Co., Ltd. (there is no text on this page, which is the seal page of the announcement on online subscription and winning rate of Yidong Electronic Technology Co., Ltd. for initial public offering and listing on the GEM)
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999) mm / DD / yy
