Yidong Electronic Technology Co., Ltd
Initial public offering and listing on GEM
Announcement of issuance results
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 sponsor (lead underwriter) of this offering is China Merchants Securities Co.Ltd(600999) (hereinafter referred to as ” China Merchants Securities Co.Ltd(600999) ” or “sponsor (lead underwriter)”). The issuer’s stock is abbreviated as “Yidong Electronics” and the stock code is “301123”.
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 Shenzhen market (hereinafter referred to as “online issuance”).
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 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 (hereinafter referred to as the “four values”) in accordance with the measures for the administration of the use of insurance funds, etc., whichever is lower, so the 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 initial number of strategic placement shares issued in this offering was 8.76 million, accounting for 15.00% of this offering. 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 was 4.465077 million shares, which were transferred back to offline 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.
According to the callback mechanism announced in the announcement of Yidong Electronic 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 8555.20051 times, higher than 100 times, the issuer and the sponsor (lead underwriter) decided to start the callback mechanism, 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.
The online and offline subscription and payment of this offering has been completed on January 14, 2022 (T + 2). The details are as follows:
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 Clearing”), and the results are as follows: (I) strategic placement
The strategic placement of this offering is a special asset management plan for the issuer’s senior managers and core employees, that is, the collective asset management plan for the participation of Yidong electronic employees in the strategic placement on the gem (hereinafter referred to as “Yidong electronic employee war allocation management plan”).
The issuing price of this offering does not exceed the lower of the “four values”, so the relevant subsidiaries of the sponsor need not participate in this strategic placement. 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 4294923 shares, accounting for 7.35% of the number of shares issued this time.
As of January 7, 2022 (T-3), 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 investor, the strategic placement results of this issuance are determined as follows:
No. name of strategic investor number of allocated shares amount of allocated shares restricted period
(share) (yuan)
1 Yidong electronic employee war allocation management plan 4294923 159899983.29 12 months
Total 4294923 159899983.29 –
Note: the restricted period shall be calculated from the date when the shares issued to the public are listed on the Shenzhen Stock Exchange.
(II) online subscription of new shares
1. Number of shares subscribed by online investors (shares): 25549769
2. Subscription amount paid by online investors (yuan): 951217899.87
3. Number of shares waived by online investors (shares): 163731
4. Amount of subscription abandoned by online investors (yuan): 6095705.13
(III) offline subscription of new shares
1. Number of shares subscribed by offline investors (shares): 28391577
2. Subscription amount paid by offline investors (yuan): 1057018411.71
3. Number of shares that offline investors give up subscription (shares): 0
4. Amount of subscription abandoned by offline investors (yuan): 0
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, 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 whose offline proportion is restricted for 6 months is 2842890 shares, accounting for 10.01% of the total offline issuance and 4.87% of the total public offering.
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) is 163731 shares, and the underwriting amount is 6095705.13 yuan. The proportion of the number of shares underwritten by the recommendation institution (lead underwriter) to the total issued number is 0.28%.
On January 18, 2022 (T + 4), the recommendation institution (lead underwriter) will transfer the underwriting funds, war allocation funds and the funds raised by offline and online 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 in the securities account designated by the sponsor (lead underwriter). 4、 Contact information of sponsor (lead underwriter)
If 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): China Merchants Securities Co.Ltd(600999)
Address: No. 111, Fuhua 1st Road, Futian street, Futian District, Shenzhen
Contact: stock capital market department
Tel.: 0755-23189776, 0755-23189773
Issuer: sponsor (lead underwriter) of Yidong Electronic Technology Co., Ltd.: China Merchants Securities Co.Ltd(600999)
January 18, 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 Yidong Electronic Technology Co., Ltd.)
Issuer: Yidong Electronic Technology Co., Ltd. (this page has no text and is the seal page of the announcement on the results of initial public offering and listing on the gem of Yidong Electronic Technology Co., Ltd.)
Sponsor (lead underwriter): China Merchants Securities Co.Ltd(600999) mm / DD / yy
