China Naming Network - Auspicious day query - South bearings offline distribution

South bearings offline distribution

Confirmed by the lead underwriter, there are 28 stock placing targets that have participated in the preliminary inquiry and quotation, and the quotation is not lower than the effective quotation of this issue price, and the corresponding effective quotation totals 84.7 million shares. Stock placing objects participating in the preliminary inquiry can inquire whether their quotations are valid and the number of purchases corresponding to the valid quotations through the electronic platform issued under the Shenzhen Stock Exchange. (1) Subscription Fund = Issue Price × Effective Subscription Quantity

(2) The subscription quantity of the stock placing object shall be consistent with the effective quotation quantity;

(3) The object of stock placement shall use the bank account filed with China Securities Association to transfer the subscription funds;

(4) The stock allotment object shall ensure that the funds reach the offline issuance fund account of China Clearing Shenzhen Branch before February (Wednesday, T) 1 16.

Offline numbering, lottery and placement The issuer and the lead underwriter will match the numbers and place the shares according to the following principles: (1) If the total amount of effective offline subscription is greater than the number of offline issuance, the issuer and the lead underwriter will place the shares by lottery.

On the afternoon of February 1 16 (Wednesday, T), the lead underwriter, after receiving the results of the effective handling of funds by China Clearing Shenzhen Branch, arranged the stock allotment objects with effective funds through the offline electronic platform according to the time sequence when they entered the preliminary inquiry record for the last time, and then assigned the serial numbers and the subscription units in turn (165438).

On February 7th, 20 1 165438 (Thursday, T+ 10), the lottery was purchased offline, and finally four numbers were shaken out, and each number was allocated 165438+ ten thousand shares. According to the lottery results, the distribution quantity of the stock placing objects is counted, and the distribution quantity of the winning stock placing objects is the distribution quantity multiplied by the subscription unit (165438+ million shares).

(2) If the total amount of effective offline subscription is equal to 4.4 million shares, there is no need to draw lots, and the issuer and the lead underwriter will directly place the shares according to the actual subscription quantity of the placing object.

(3) If the total number of valid offline subscriptions is less than 4.4 million shares, the issuer shall negotiate with the lead underwriter to take measures to suspend the issuance.

The issuer and the lead underwriter will publish the announcement of the lottery placement results of the initial public offering of Jiangsu Southern Bearing Co., Ltd. on February 1 18 (Friday, T+2), including the lottery placement results of this offline offering and the relevant information of this pricing, including the counter-offer provided by the lead underwriter to the inquiry object during the promotion period. Once the above announcement is published, it shall be deemed that the placing notice has been delivered to the stock placing objects participating in the offline subscription.

The remaining funds were returned to 2011February 16 (Wednesday, T), and China Clearing Shenzhen Branch checked the validity of the subscription funds allocated to the stock placing objects after 15:00 according to the Implementation Rules for Electronic Offline Issuance of Initial Public Offerings in Shenzhen Market (revised in 2009). And before 9:00 on February 1 17 (Thursday, T+ 18), the electronic payment instruction was issued, requiring the settlement bank to return the invalid funds to the filing account of the stock allotment object. The refund situation includes: if the amount paid by the stock placing object is greater than the subscription amount payable on that day, the overpaid part will be returned; If the amount allocated by the stock placing object is less than the subscription amount payable on that day, it will be returned in full; The object of stock placement is not eligible for subscription this time, and the payment made on that day is invalid, and all the money is returned. On 20 1 1 day (Thursday, T+ 1 day), China Clearing Shenzhen Branch calculated the subscription amount actually payable by each stock allotment object according to the offline allotment result provided by the lead underwriter, and deducted the subscription amount from the effective subscription funds paid by the stock allotment object on 20 165438.

Other important matters (1) Lock-up period for offline issuance of shares: The allotment shares of the stock allotment object will be locked for 3 months from the date when the shares issued online this time are listed and traded in Shenzhen Stock Exchange. (2) Capital Verification: China Audit International Certified Public Accountants will verify the receipt of the subscription funds issued offline by the allocated share allotment object on the 20th116th (Wednesday, T) and issue a capital verification report.

(3) Lawyer's Witness: Guangdong Huashang Law Firm will witness the offline issuance process and issue a special legal opinion.

(4) Handling of breach of contract: If the placing object that can participate in offline subscription fails to pay the subscription amount in full and on time as required, it shall be deemed as breach of contract and shall be liable for breach of contract. The lead underwriter will report the breach of contract to China Securities Regulatory Commission and China Securities Association for the record.

(5) After the offline issuance, the shareholding ratio of the allocated placing object reaches more than 5% (including 5%) of the issuer's total share capital, and the information disclosure obligation shall be fulfilled in time.

(6) All the interest generated during the period of freezing the subscription funds for offline issuance belongs to the Securities Investor Protection Fund.