1. Summary of the Prospectus for TCL Corporation's Initial Public Offering
Type of Shares to be Issued:
RMB Common Shares
Expected Number of Shares to be Issued:
994,395,944 shares, accounting for 38.45% of the total share capital after issuance, including 590,000,000 shares for public investors and 404,395,944 shares for the shareholders of TCL Communication Equipment Co., Ltd.
Issue Price:
4.26 RMB/share
Number of Shares Issued:
590,000,000 shares (22.81% of total post-issue capital)
Total Funds Raised:
2,513,400,000 RMB
Issue Costs:
93,796,508 RMB
Method of Issuance:
Including both the public offering and the share exchange, the public offering will adopt an online pricing method.
Date of Issuance:
January 7, 2004
Proposed Listing Location:
Shenzhen Stock Exchange
Lead Underwriter:
China International Capital Corporation
TCL Corporation's new share issuance is conditional upon the absorption and merger with TCL Communication Equipment Co., Ltd. (stock code 000542). Since TCL Communication Equipment Co., Ltd. is a listed company on the Shenzhen Stock Exchange, TCL Corporation will apply for listing on the Shenzhen Stock Exchange after the new share issuance. Due to technical reasons, the issuance will not adopt a market value allocation method but will use an online pricing and fund subscription method.
Declaration
The purpose of this summary is to provide the public with a brief overview of this issuance and does not include all parts of the full prospectus. The full prospectus is also published on the website www.cninfo.com.cn. Investors should read the full prospectus carefully before making subscription decisions and use it as the basis for their investment decisions. If investors have any questions regarding this summary or the full prospectus, they should consult their stockbroker, lawyer, professional accountant, or other professional advisors. The board of directors of the issuer has approved the prospectus and this summary, and all directors commit that there are no false records, misleading statements, or significant omissions, and they bear individual and joint legal responsibility for the truthfulness, accuracy, and completeness of the prospectus and this summary. The person in charge of the company and the person in charge of accounting, as well as the head of the accounting institution, guarantee the authenticity and completeness of the financial accounting reports in the prospectus and this summary. Any decisions or opinions made by the China Securities Regulatory Commission or other government departments regarding this issuance do not imply a substantive judgment or guarantee of the value of the issuer's stock or the returns for investors. Any contrary statements are false and misleading.