Zhejiang Zhenlei Technology Co., Ltd
Initial public offering and listing on the science and Innovation Board
Issuance 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”) Detailed rules for the implementation of offline issuance of initial public offerings in Shanghai market (SZF [2018] No. 41) (hereinafter referred to as “detailed rules for the implementation of offline issuance”), the code for underwriting of initial public offerings under the registration system issued by China Securities Association (zsxf [2021] No. 213) Detailed rules for the administration of offline investors in initial public offerings (zxsf [2018] No. 142), 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), etc, And the relevant provisions of the Shanghai Stock Exchange on stock issuance and listing rules and the latest operating guidelines, such as initial public offering of shares and listing on the science and innovation board.
Citic Securities Company Limited(600030) (hereinafter referred to as ” Citic Securities Company Limited(600030) “, “sponsor (lead underwriter)” or “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 are abbreviated as Zhenlei technology
Limited company
Securities code / offline subscription agent 688270 online subscription code 787270
code
Offline subscription referred to as zhenradium technology online subscription referred to as zhenradium subscription
Basic information of this offering
Offline preliminary inquiry directly confirmed
The pricing method determines the issuance price, and the offline issuance quantity (10000 shares) is 2731.0000
Conduct cumulative bid inquiry
The total share capital (10000 shares) after issuance is 109210000, and the number of shares issued this time accounts for 25.01%
Proportion of total share capital after (%)
High price rejection ratio (%) 1.0111, whichever is lower (yuan / share) 61.8882
Does the issuing price exceed
The issue price (yuan / share) is 61.88, which is the lower of the four numbers, and whether it exceeds the limit
Output range (%)
Issue P / E ratio (earnings per share in accordance with 2020 audited)
Other valuation indicators after deducting non recurring profits and losses (if applicable)
The lower one belongs to the parent (for 92.63) (if applicable) not applicable
Net profit of shareholders divided by total share capital after the issuance)
Industry name and industry computer, communication and other power industry T-3 static 49.39 times
P / E ratio of code sub equipment manufacturing (C39) industry
Determined according to the issue price
Commitment to subscribe for strategic placement totaling 232.0330 commitment to subscribe for strategic placement totaling 8.50
Proportion of (10000 shares) in the number of shares issued this time
（%）
After the strategic placement is dialed back, it is 1802.5670 offline and 696.4000 online after the strategic placement is dialed back
Number of shares issued (10000 shares)
Quantity of each proposed offline subscription
Upper limit (10000 shares) (application 820) number of each proposed offline subscription 50
The purchase quantity shall be 100000 shares (10000 shares)
Integer multiple)
Brokerage commission for placing of new shares in each proposed online subscription
Upper limit (10000 shares) (subscription number 0.65, rate (%) 0.50
The amount shall be an integral multiple of 500 shares) calculated according to the issue price
The estimated total amount of raised funds is 168994.2800, and the balance of underwriting method is underwriting
Amount (10000 yuan)
Important date of this issuance
Offline Subscription Date and start and end date January 18, 2022 online subscription date and start and end date January 18, 2022
Room (9:30-15:00) room (9:30-11:30, 13:00-15:00)
Offline payment date and deadline 16:00, January 20, 2022 online payment date and deadline the end of January 20, 2022
Remarks: 1 “The lower of the four numbers” refers to the lower of the median and weighted average of the remaining quotations of offline investors after excluding the highest quotation, as well as the median and weighted average of the remaining quotations of public products, social security funds and pensions.
The issuer and the recommendation institution (lead underwriter) solemnly remind investors to pay attention to investment risks and invest rationally, Carefully read this announcement and the special announcement on initial public offering and investment risk of Zhejiang Zhenlei Technology Co., Ltd. on the science and Innovation Board (hereinafter referred to as the “special announcement on investment risk”) published in Shanghai Securities Journal, China Securities Journal, securities times, securities daily and economic reference daily on January 17, 2022 (t-1).
This announcement only briefly describes the issue of shares and does not constitute investment suggestions. Investors who want to know the details of this offering, please read it carefully and publish it on the website of Shanghai Stock Exchange on January 10, 2022 (www.sse. Com. CN.) The letter of intent for initial public offering and listing on the science and Innovation Board of Zhejiang Zhenlei Technology Co., Ltd. (hereinafter referred to as the “letter of intent”). The issuer and the recommendation institution (lead underwriter) hereby remind investors to pay special attention to the chapters of “tips on major matters” and “risk factors” in the prospectus, fully understand the issuer’s risk factors, judge its operation status and investment value by themselves, and make investment decisions prudently. The issuer’s operating conditions may change due to the influence of politics, economy, industry and operation management level, and the possible investment risks shall be borne by the investors themselves.
The listing of the shares will be announced separately.
1、 Preliminary inquiry results and pricing
The application of Zhenlei technology for initial public offering of RMB common shares (A shares) and listing on the science and Innovation Board (hereinafter referred to as “this offering”) has been submitted to the members of the stock listing committee of the exchange for deliberation and approval, and has been approved by the CSRC for registration (zjxk [2021] No. 4031). The issuer’s stock is abbreviated as “Zhenlei technology”, and its expansion is abbreviated as “Zhejiang Zhenlei technology shares”, with the stock code of “688270”, which is also used for the preliminary inquiry and offline subscription of this offering. The online subscription code of this issuance is “787270”.
The issuance is carried out in a combination of strategic placement, offline issuance and online issuance.
(I) preliminary inquiry
1. Overall declaration
The initial inquiry period of this offering is 9:30-15:00 on January 13, 2022 (T-3). As of 15:00 on January 13, 2022 (T-3), the sponsor (lead underwriter) has received the preliminary inquiry and quotation information of 10668 placing objects managed by 420 offline investors through the offline subscription platform of Shanghai Stock Exchange, with the quotation range of 27.13 yuan / share – 92.16 yuan / share, and the total number of shares to be purchased is 67229.1 million. For the specific quotation of the placing object, please refer to the “attached table: preliminary inquiry and quotation of the placing object” of this announcement.
2. Investor verification
According to the conditions of offline investors participating in the preliminary inquiry published in the announcement on the issuance arrangement and preliminary inquiry of Zhejiang Zhenlei Technology Co., Ltd. initial public offering and listing on the science and Innovation Board (hereinafter referred to as the “announcement on issuance arrangement and preliminary inquiry”) published on January 10, 2022, and verified by the sponsor (lead underwriter), 12 placing objects managed by 8 offline investors failed to submit review materials or provide materials as required, but failed to pass the qualification review of the sponsor (lead underwriter); 182 placing objects managed by 26 offline investors belong to the scope of prohibited placing; Two placing objects managed by two offline investors failed to submit the pricing basis and recommended price or price range before the inquiry. The quotations of 196 placing objects managed by the above 35 offline investors have been determined to be invalid and eliminated, and the total number of shares to be purchased is 1043.3 million. For details, please refer to the parts marked as “invalid quotation 1”, “invalid quotation 2” and “invalid quotation 3” in “attached table: preliminary inquiry and quotation of placing object”.
After excluding the above invalid quotations, all the 10472 placing objects managed by the remaining 417 offline investors meet the conditions of offline investors specified in the announcement on issuance arrangement and preliminary inquiry, with a quotation range of 27.13 yuan / share – 92.16 yuan / share, and the total number of proposed subscription is 66185800000 shares.
(II) excluding the highest quotation
1. Elimination
After the issuer and the recommendation institution (lead underwriter) rank the proposed purchase price from high to low according to the preliminary inquiry results after excluding the above invalid quotation, and calculate the cumulative total amount of proposed purchase corresponding to each price, the proposed purchase quantity of the placing object in the same proposed purchase price from small to large For the same proposed purchase price and the same proposed purchase quantity, it shall be sorted from late to early according to the reporting time (the reporting time shall be subject to the records of the offline purchase platform of Shanghai Stock Exchange), the same proposed purchase price and the same proposed purchase quantity shall be sorted from back to front according to the order of placing objects automatically generated by the offline purchase platform of Shanghai Stock Exchange, The subscription of the placing object with the highest quotation in the total amount of proposed subscription shall be excluded, and the excluded amount of proposed subscription shall not be lower than that of all qualified offline investors
