Anhui Tongguan copper foil Group Co., Ltd
Initial public offering and listing on GEM
Announcement on online subscription and winning rate
Sponsor (co lead underwriter): Guotai Junan Securities Co.Ltd(601211)
Co lead underwriter: Ping An Securities Co., Ltd
hot tip
The application of Anhui Tongguan copper foil Group Co., Ltd. (hereinafter referred to as the “issuer” or “company”) for the initial public offering of 207253886 ordinary shares (A shares) (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 (hereinafter referred to as “CSRC”) (zjxk [2021] No. 3834). Guotai Junan Securities Co.Ltd(601211) (hereinafter referred to as “sponsor (co lead underwriter)”, “co lead underwriter” or ” Guotai Junan Securities Co.Ltd(601211) “) serves as the sponsor (co lead underwriter) of this offering, and Ping An Securities Co., Ltd. (hereinafter referred to as “co lead underwriter” or “Ping An Securities”) serves as the co lead underwriter of this offering.
The issuer and the joint lead underwriters negotiated and determined that the number of shares to be issued this time is 207253886, and the issue price is RMB 17.27/share.
The issuing price of this offering does not exceed the median and weighted average of the offline investors’ quotation after excluding the highest quotation, as well as the Securities Investment Fund (hereinafter referred to as “public fund”), the National Social Security Fund (hereinafter referred to as “social security fund”), the basic old-age insurance fund (hereinafter referred to as “pension”) established through public offering after excluding the highest quotation The enterprise annuity fund (hereinafter referred to as “enterprise annuity fund”) established in accordance with the measures for the administration of enterprise annuity fund and the insurance fund (hereinafter referred to as “insurance fund”) in accordance with the measures for the administration of the use of insurance funds, whichever is lower, is 17.2723 yuan / share. According to item (IV) of Article 39 of the detailed rules for the implementation of securities issuance and underwriting business of initial public offering on the gem of Shenzhen Stock Exchange (revised in 2021) (SZS [2021] No. 919), the relevant subsidiaries of the sponsor need not participate in this strategic placement.
According to the final determined price, the final strategic placement number of the special asset management plan for senior managers and core employees of the issuer is 4124145 shares.
The number of final strategic placement was 4124145 shares, accounting for 1.99% of the number of shares issued this time. The difference between the initial strategic placement and the final strategic placement of 26963937 shares will be transferred back to offline issuance.
Finally, the issuance is carried out in a combination of directional placement to strategic investors, offline inquiry placement to qualified investors (hereinafter referred to as “offline issuance”) and online pricing issuance to social public investors holding non restricted A-Shares or non restricted depositary receipts market value in Shenzhen market (hereinafter referred to as “online issuance”). After the strategic placement callback and before the online and offline callback mechanism was launched, the number of offline issued shares was 167896741, accounting for 82.65% of the number issued after deducting the final strategic placement; The number of shares issued online was 35.233 million, accounting for 17.35% of the number issued after deducting the final strategic placement. The total number of final offline and online issuance is 20312974100 shares, and the final number of online and offline issuance will be determined according to the callback.
The issuer initially issued 35.233 million shares of “Copper Crown copper foil” on January 18, 2022 (t day) by using the online pricing of the trading system of Shenzhen Stock Exchange.
Investors are kindly requested to focus on the issuance process, payment and other links of this issuance, and timely fulfill their payment obligations on January 20, 2022 (T + 2).
1. Offline investors shall, in accordance with the announcement on the results of initial public offering of shares by Anhui Tongguan copper foil Group Co., Ltd. and initial offline placement of shares listed on the gem, pay the subscription funds for new shares in full and on time before 16:00 on January 20, 2022 (T + 2). If the same placing object is allocated multiple new shares on the same day, it is necessary to pay for each new share in full and fill in the remarks in accordance with the specifications. If the placing object has insufficient funds for a single new share, all the new shares allocated to the placing object on that day will be invalid, and the resulting consequences shall be borne by the investors themselves.
After winning the lot in 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 and online lottery of Anhui Tongguan copper foil Group Co., Ltd. listed on the gem, so as to ensure that their capital account will eventually have sufficient capital for the subscription of new shares on January 20 (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 abandoned by offline and online investors shall be underwritten by the joint lead underwriters.
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 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 terms of strategic placement, the special asset management plan for the senior management and core employees of the issuer promises that the restricted period of the allocated shares is 12 months, which shall be calculated from the date of listing of the publicly issued shares on the Shenzhen Stock Exchange. After the expiration of the sales restriction period, the reduction of the allocated shares by the strategic investors shall be subject to the relevant provisions of the CSRC and the Shenzhen Stock Exchange on share reduction.
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, the issuer and the joint 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 joint lead underwriters shall report the breach of contract to the China Securities Association for the record.
The number of violations of the placing object in the science and innovation board, gem, motherboard and other sectors shall be calculated together. During the period of being included in the restricted list, the placing object shall not participate in the offline inquiry and placement of projects related to science and innovation board, gem, motherboard and other sectors.
If online investors fail to pay in full after winning the lottery for three times in a row within 12 months, they 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.
1、 Online subscription
According to the data provided by Shenzhen Stock Exchange, the co lead underwriters have made statistics on the subscription of this online offering. The number of effective subscription households of this online pricing offering is 13198211, and the number of effective subscription shares
It is 20993493800 shares, with a total of 419869876 allotments, and the starting number of allotments is 00000000000 1,
The cut-off number is 000419869876.
2、 Implementation of callback mechanism, issuance structure and success rate of online issuance
According to the callback mechanism announced in the announcement of Anhui Tongguan copper foil Group Co., Ltd. on initial public offering and listing on the gem, the issuer and the co lead underwriters decided to start the callback mechanism because the initial effective subscription multiple on the Internet was 5958.47467 times, higher than 100 times, After deducting the final strategic placement, 20.00% (rounded up to an integral multiple of 500 shares, i.e. 40626000 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 12727074100, accounting for 62.65% of the number of shares issued after deducting the final strategic placement; The final number of shares issued online was 75.859000 million, accounting for 37.35% of the total issued after deducting the final strategic placement. After the call back, the final winning rate of this online pricing issuance is 0.0361345285%, and the subscription multiple is 2767.43614 times.
3、 Online lottery
The co lead underwriters and the issuer will conduct lottery at Room 308, Shenye center, No. 5045, Shennan East Road, Luohu District, Shenzhen on the morning of January 19, 2022 (T + 1), and will publish the lottery results in China Securities Journal, Shanghai Securities Journal, securities times and Securities Daily on January 20, 2022 (T + 2).
Issuer: sponsor of Anhui Tongguan copper foil Group Co., Ltd. (co lead underwriter): Guotai Junan Securities Co.Ltd(601211) co lead underwriter: Ping An Securities Co., Ltd. January 19, 2022
(there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Anhui Tongguan copper foil Group Co., Ltd. in its initial public offering and listing on the GEM)
Anhui Tongguan copper foil Group Co., Ltd
(there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Anhui Tongguan copper foil Group Co., Ltd. in its initial public offering and listing on the GEM)
Guotai Junan Securities Co.Ltd(601211) mm / DD / yy
(there is no text on this page, which is the seal page of the announcement on the online subscription and winning rate of Anhui Tongguan copper foil Group Co., Ltd. in its initial public offering and listing on the GEM)
Ping An Securities Co., Ltd
