Zhongde Securities Co., Ltd. Summary Report on the Private Placement of Stocks by LeEco Technology (Beijing) Co., Ltd.
Zhongde Securities Co., Ltd. (hereinafter referred to as "Zhongde Securities," "the Sponsor," or "the Institution") acted as the sponsor for LeEco Technology (Beijing) Co., Ltd. (hereinafter referred to as "LeEco" or "the Issuer" or "the Company") for its private placement of stocks in 2015, with the continuous supervision period ending on December 31, 2018. According to the Shenzhen Stock Exchange's notice on extending the continuous supervision period for LeEco, Zhongde Securities was required to extend the supervision period until December 31, 2019. Currently, the continuous supervision period for LeEco's private placement has expired. Zhongde Securities has issued this summary report in accordance with the relevant regulations of the China Securities Regulatory Commission (hereinafter referred to as "CSRC") and the "Management Measures for Securities Issuance and Listing Sponsorship Business" (hereinafter referred to as "the Sponsorship Measures").
Sponsor Information
| Item | Content |
|---|---|
| Sponsor Name | Zhongde Securities Co., Ltd. |
| Sponsor Code | Z39411000 |
| Annual Report Disclosure Date | April 27, 2020 |
Commitments of the Sponsor and Representatives
- The content of this summary report and supporting documents does not contain false records, misleading statements, or major omissions, and the sponsor and its representatives bear legal responsibility for their authenticity, accuracy, and completeness.
- The sponsor and its representatives voluntarily accept any inquiries and investigations by the CSRC regarding the matters related to this summary report.
- The sponsor and its representatives voluntarily accept regulatory measures taken by the CSRC in accordance with the relevant provisions of the Sponsorship Measures.
Basic Information of the Listed Company
| Item | Content |
|---|---|
| Issuer Name | LeEco Technology (Beijing) Co., Ltd. |
| Stock Code | 300104 |
| Registered Capital | 398,944,019.92 RMB |
| Registered Address | Room 1503, 12th Floor, Building 3, 105 Yaojiayuan Road, Chaoyang District, Beijing |
| Main Office Address | 15th Floor, LeEco Building, 105 Yaojiayuan Road, Chaoyang District, Beijing |
| Legal Representative | Liu Yanfeng |
| Contact Person | Liu Yanfeng |
| Contact Number | 010-50963749 |
| Type of Securities Issuance | Private Placement of Stocks |
| Listing Date of Securities | August 8, 2016 |
| Listing Location | Shenzhen Stock Exchange |
Overview of the Issuance
According to the CSRC's approval document for LeEco's private placement of stocks (Document No. [2016] 1089), the company issued 106,642,968 new shares at a price of RMB 45.01 per share, raising a total of RMB 4,799,999,989.68. After deducting issuance costs of RMB 83,239,999.84, the net amount raised was RMB 4,716,759,989.84 (Note: The legal and audit service fees of RMB 560,000.00 were paid from other accounts, so the actual net amount in the fundraising account was RMB 4,717,319,989.84). The funds were fully in place on July 13, 2016, and were verified by Xinyong Zhonghe Accounting Firm (Special General Partnership), which issued verification report No. XYZH/2016XAA10454. The private placement of stocks was listed on the Shenzhen Stock Exchange on August 8, 2016.
Overview of Sponsorship Work
(1) Due Diligence Phase
The sponsor and its representatives conducted due diligence on the issuer and its major shareholders in accordance with relevant laws, administrative regulations, and CSRC requirements, organized the preparation of application documents, and issued recommendation documents. After submitting the application materials, they cooperated with the CSRC's review work, organized and coordinated the issuer and various intermediary service agencies to respond to the CSRC's feedback, and communicated professionally with the CSRC. They submitted relevant documents for recommending the stocks to the Shenzhen Stock Exchange and filed them with the CSRC as required by the listing rules.
(2) Continuous Supervision Phase
- Review of LeEco's Information Disclosure: During the continuous supervision period (from August 8, 2016, to December 31, 2019), the sponsor reviewed the content and format of LeEco's information disclosure in accordance with the relevant regulations of the