How to entrust to subscribe for new shares

The offline issuance is organized by the sponsor (lead underwriter), and the placing object is subscribed within the issue price range through the offline electronic subscription platform of Shanghai Stock Exchange; Online issuance is purchased through the trading system of Shanghai Stock Exchange, and investors pay the subscription fee according to the upper limit of the issue price range. After the offline and online subscription, the issuer and the sponsor (lead underwriter) will negotiate and determine the issue price within the issue price range according to the accumulated bidding inquiry and taking into account the issuer's fundamentals, industry, valuation level of comparable companies and market conditions. The final issue price will be announced in the Announcement on Pricing, Offline Issuance Results and Online Winning Rate on February 3, 20 10 (T+2). (III) Off-line and Off-line Callback Mechanism After the off-line and on-line subscription of this offering is completed, the issuer and sponsor (lead underwriter) will decide whether to start the callback mechanism on February 2, 20 10 (T+ 1 day) to adjust the scale of off-line and on-line issuance, and on February 20 10. The final winning rate of online issuance = the number of online issuances after callback/the number of effective online subscriptions; The initial placement ratio of offline issuance = the number of offline issuance before callback/the number of effective offline subscriptions with the subscription price not lower than the final issuance price; The final placement ratio of offline issuance = the number of offline issuance after callback/the effective offline subscription number with the subscription price not lower than the final issuance price. The specific arrangement of the callback mechanism is as follows: 1. When the offline issuance is fully subscribed, if the initial winning rate of online issuance is lower than 1% and lower than the initial placing ratio of offline issuance, if the final winning rate of online issuance is not higher than the final placing ratio of offline issuance, the stocks (not more than 1 100 million shares) not exceeding 5% of the issuance scale will be called back from offline. 2. If the offline issuance is not fully subscribed, the insufficient part will not be called back online. Issuers and sponsors (lead underwriters) can take measures such as reducing the issuance scale, adjusting the issuance price range, adjusting the issuance progress or suspending the issuance, and will make timely announcements and make other arrangements according to law. (IV) Purchase price The issue price range of this issue is 5.00 yuan/share -5.80 yuan/share (including the upper and lower limits). Investors who subscribe for online funds must subscribe according to the upper limit of the issue price range (5.80 yuan/share). The price range and the price-earnings ratio range corresponding to the preliminary inquiry quotation are: 1, 25. 10 times to 29. 12 times (earnings per share are calculated by dividing the 2008 annual net profit audited by accounting firms before and after deducting non-recurring gains and losses and determined by China accounting standards by the total number of shares before this issuance). 2.36. 16 times to 410.95 times (the earnings per share is calculated by dividing the net profit before and after deducting non-recurring gains and losses in 2008 audited by an accounting firm by the total number of shares after this issuance, and the total number of shares after this issuance is 6.538 billion according to the calculation of 2 million shares this time). 3. During the initial inquiry period of this offering, * *115 placing objects submitted initial inquiry quotations, among which 87 placing objects submitted valid quotations, and the corresponding total subscription quantity was12.47 billion shares, which was 12.48 times the scale of the first offline offering. After the offline and online subscription, the issuer and the sponsor (lead underwriter) will negotiate and determine the issue price within the issue price range according to the accumulated bidding inquiry and taking into account the issuer's fundamentals, industry, valuation level of comparable companies and market conditions. The final issue price will be announced in the Announcement on Pricing, Offline Issuance Results and Online Winning Rate on February 3, 20 10 (T+2). (5) The subscription time is February 20 10/day (T day), and the normal trading time on the Shanghai Stock Exchange (9: 30-1: 30,13: 00-/kloc-0). In case of major emergencies or force majeure factors affecting this issuance, it shall be handled according to the notice on the day of subscription. (6) Subscription abbreviation and subscription code Subscription abbreviation is "double subscription"; The subscription code is "780 106". (7) The issuing place is all securities trading outlets connected with the trading system of Shanghai Stock Exchange. (VIII) Lock-up Period Arrangements Investors who issue shares online do not have a lock-up period, and the shares issued online can circulate from the date of listing and trading on the Shanghai Stock Exchange. The lock-up period for the placing object to participate in the offline issuance of the placing shares is 3 months, counting from the date when the placing shares are listed and traded on the Shanghai Stock Exchange. (9) Important date, serial number, date, issuance arrangement, 1 T-6, 20 10, 65438+122 October, summary of letter of intent, announcement of issuance arrangement and preliminary inquiry, 2 T-5 to T-3, 20/kloc. 65438+1October 27th and 3t-3rd (through publishing 5 T- 1 day online roadshow announcement, investment risk special announcement, preliminary inquiry result and issue price range announcement, offline issuance announcement and 6 T online fund subscription announcement). 20 1 February1online fund subscription date offline subscription payment deadline 7 T+ 1, 201February 2 to determine the issue price, online offline subscription capital verification to determine whether to start the callback mechanism online subscription quantity 8 T+2, 201February 3. The offline subscription funds will be refunded, and the online lottery will be issued for 9 T+3 days. On February 4, 20 10, 0, the announcement of online purchase lottery results was released. Note: 1. T is the online subscription date. The above date refers to the trading day. 2. In case of major emergencies affecting the issuance, the sponsor (lead underwriter) will promptly notify and announce the revision of the issuance schedule. This online fund subscription and issuance is implemented in accordance with the Implementation Measures for Online Stock Issuance of Shanghai Stock Exchange (revised in 2009). (10) underwriting method The balance of the underwriting syndicate is underwritten. (1 1) Listing place: Shanghai Stock Exchange. ◎ Provisions on the number and times of subscription (1) For this online offering, each subscription unit participating in subscription is 1000 shares, and the number of subscription entrusted by a single securities account shall not be less than 1000 shares, and the number exceeding 1000 shares shall be an integer multiple of 1000 shares, but the maximum number shall not exceed/kloc. (two) the placing object can only choose one way to subscribe for new shares offline or online. All the placing objects who participate in the preliminary inquiry and quotation, regardless of whether there is a valid quotation, are not allowed to participate in the subscription of online issuance. If the placing object who participated in the offline preliminary inquiry participates in the online subscription of new shares again, resulting in its subscription being invalid, the placing object and the inquiry object who manages the placing object shall bear the relevant responsibilities themselves. (3) A single investor can only use one qualified account to participate in this online subscription. Securities account registration data (based on the account registration data of 20 10/month 29th (T-1 day)), if multiple securities accounts with the same "account holder name" and "valid ID number" participate in this online subscription, and the same securities account participates in this online subscription many times, it will be the first subscription. (4) Special securities accounts for customer-oriented asset management of securities companies and enterprise annuity accounts with designated transactions in different securities companies can participate in subscription according to existing accounts.