Announcement of Preliminary Allocation Results for Offline Issuance of Initial Public Offering of Shares
Sponsor Institution (Lead Underwriter): Special Notice
Guangdong Jushen Logistics Co., Ltd. (hereinafter referred to as "the Issuer," "Jushen Co.," or "the Company") has received approval from the China Securities Regulatory Commission for its initial public offering of no more than 32.242 million shares of RMB ordinary shares A shares (hereinafter referred to as "this issuance") under document [2021]1117. The sponsor institution (lead underwriter) for this issuance is Minsheng Securities Co., Ltd. (hereinafter referred to as "Minsheng Securities" or "the Sponsor Institution (Lead Underwriter)"). The stock abbreviation of the issuer is "Jushen Co." and the stock code is "001202".
This issuance adopts a combination of offline inquiry pricing allocation (hereinafter referred to as "offline issuance") and online pricing issuance to public investors holding non-restricted A shares in the Shenzhen market (hereinafter referred to as "online issuance"). The issuance price for the shares is 15.09 RMB per share, with a total issuance quantity of 32.242 million shares. Before the adjustment mechanism was activated, the initial offline issuance quantity was 19.346 million shares, accounting for 60% of the total issuance; the initial online issuance quantity was 12.896 million shares, accounting for 40% of the total issuance.
According to the adjustment mechanism disclosed in the "Announcement of Initial Public Offering of Guangdong Jushen Logistics Co., Ltd." (hereinafter referred to as "the Issuance Announcement"), due to the online initial effective subscription multiple being 10,674.65136 times, which is higher than 150 times, the issuer and the lead underwriter decided to activate the adjustment mechanism, reallocating 50% of the shares from offline to online. After the adjustment, the final offline issuance quantity is 3.224 million shares, accounting for 10% of the total issuance; the final online issuance quantity is 29.018 million shares, accounting for 90% of the total issuance. After the adjustment mechanism was activated, the final online winning rate was 0.0210794246%.
Investors are advised to pay close attention to the relevant regulations regarding the issuance process, payment for online and offline subscriptions, handling of unpurchased shares, and suspension of the issuance, and to fulfill their payment obligations in a timely manner on April 21, 2021 (T+2 day):
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Offline investors should pay the subscription funds in full and on time according to the preliminary allocation results in this announcement and the payment requirements in the Issuance Announcement by 16:00 on April 21, 2021 (T+2 day), based on the final determined issuance price and allocated quantity. If the same allocation object is allocated multiple new shares on the same day, it is essential to pay for each new share separately and fill in the remarks correctly. If the funds for a single new share are insufficient, it will result in the invalidation of all new shares allocated to that allocation object on that day, and the consequences will be borne by the investor.
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Online investors who win the subscription for new shares should fulfill their payment obligations according to the lottery results in the "Announcement of Online Winning Results of Initial Public Offering of Guangdong Jushen Logistics Co., Ltd." and the payment requirements in the Issuance Announcement, ensuring that their fund accounts have sufficient subscription funds by the end of April 21, 2021 (T+2 day). Any shortfall will be regarded as a waiver of subscription, and the consequences and related legal responsibilities will be borne by the investor. Payment transfers by investors must comply with the relevant regulations of the securities company where the investor is located. Shares that offline and online investors waive subscription for will be fully underwritten by the sponsor institution (lead underwriter).