Fengbei Biotechnology's initial public offering of shares and listing on the main board online issuance and subscription status and announcement of winning rate
Suzhou Fengbei Biotechnology Co., Ltd.
Initial public offering of shares and listing on the main board
Announcement on Online Issuance Subscription Status and Winning Rate
Sponsor (lead underwriter): Cathay Haitong Securities Co., Ltd.
Special reminder
The application of Suzhou Fengbei Biotechnology Co., Ltd. (hereinafter referred to as the "Issuer" or "Fengbei Biotechnology") for the initial public offering of RMB ordinary shares (A shares) and listing on the main board (hereinafter referred to as the "issuance") has been reviewed and approved by the Listing Review Committee of the Shanghai Stock Exchange (hereinafter referred to as the "Shanghai Stock Exchange"), and has been approved by the China Securities Regulatory Commission for registration (CSRC Permit [2025] No. 1958).
Cathay Haitong Securities Co., Ltd. (hereinafter referred to as "Cathay Haitong", "lead underwriter" or "sponsor (lead underwriter)") serves as the sponsor (lead underwriter) of this issuance.
This issuance was conducted through a combination of targeted placement to investors who participated in the strategic placement (hereinafter referred to as the "strategic placement"), offline placement through inquiry to qualified investors (hereinafter referred to as the "offline issuance"), and online pricing issuance to public investors holding non-restricted A-shares and the market value of unrestricted depositary receipts in the Shanghai market (hereinafter referred to as the "online issuance").
The issuer negotiated with the lead underwriter to determine the number of shares issued this time to be 35.90 million shares. The initial strategic allotment quantity of this issuance is 7.18 million shares, accounting for 20.00% of the total number of this issuance. The subscription funds committed by investors participating in the strategic placement have been fully remitted to the bank account designated by the lead underwriter within the specified time. The final strategic allotment quantity determined based on the issuance price was 4,083,297 shares, accounting for 11.37% of the total number of this issuance. The difference between the initial strategic allotment quantity and the final strategic allotment quantity, 3,096,703 shares, was returned to the offline issuance.
After the strategic allotment callback and before the online and offline callback mechanism was activated, the offline issuance quantity was 20,328,703 shares, accounting for 63.89% of the issuance quantity after deducting the final strategic allotment quantity; the online issuance quantity was 11,488,000 shares, accounting for 36.11% of the issuance quantity after deducting the final strategic allotment quantity; the final offline and online issuance total quantity is the total number of this issuance after deducting the final strategic allotment quantity. 31,816,703 shares. The final issuance quantity online and offline will be determined based on the callback situation online and offline.
The issuance price is 24.49 yuan/share. The issuer initially issued 11,488,000 A shares of "Fengbei Biotechnology" through online pricing on October 27, 2025 (T day) through the Shanghai Stock Exchange trading system.
Investors are kindly requested to focus on the payment aspect of this issuance and fulfill their payment obligations in a timely manner on October 29, 2025 (T+2 day):
- Offline allotted investors should follow the "Announcement of Offline Preliminary Allotment Results and Online Winning Results of Suzhou Fengbei Biotechnology Co., Ltd.'s Initial Public Offering of Stocks and Listing on the Main Board" disclosed on October 29, 2025 (T+2) (hereinafter referred to as the "Announcement of Offline Preliminary Allotment Results and Online Winning Results"), in October 2025 Before 16:00 on March 29 (T+2), new share subscription funds must be paid in full and in a timely manner based on the final issuance price and allocated quantity.
Offline investors who are allocated multiple new shares on the same day must pay separately for each new share. If multiple new shares are allocated on the same day, if only one total amount is remitted, the combined payment will result in failure to enter the account, and the investor shall be responsible for the consequences.
After online investors apply for new shares and win the lottery, they should perform fund settlement obligations in accordance with the "Announcement of Offline Preliminary Allotment Results and Online Winning Results" to ensure that their capital accounts have sufficient new share subscription funds by the end of October 29, 2025 (T+2). The insufficient part will be deemed to have given up the subscription, and the consequences and related legal liabilities arising therefrom will be borne by the investors themselves. The transfer of investor funds must comply with the relevant regulations of the securities company where the investor is located.
When the total number of shares subscribed by offline and online investors is not less than 70% of the number of shares in this public offering after deducting the final strategic allotment number, the shares that have been abandoned due to insufficient payment of subscription fees by offline and online investors will be underwritten by Cathay Haitong.
- This offline issuance adopts a proportional sales restriction method. Offline investors should commit to 10% (rounded up) of the number of shares allocated to them. The sales restriction period is 6 months from the date of the issuer's initial public offering and listing. That is to say, among the stocks allocated to each placement target, 90% of the shares have an unlimited selling period and can be circulated from the date of listing and trading of the stocks on the Shanghai Stock Exchange; 10% of the shares have a restricted selling period of 6 months, and the lock-up period starts from the date of listing and trading of the stocks on the Shanghai Stock Exchange.
When offline investors participate in the preliminary inquiry quotation and offline subscription, they do not need to fill in the lock-up period arrangement for the placement objects they manage. Once the quotation is made, they are deemed to have accepted the offline lock-up period arrangement for this issuance.
When the total number of shares subscribed by offline and online investors is less than 70% of the number of public offerings after deducting the final strategic placement amount, the issuer and the lead underwriter will suspend the issuance of new shares and disclose information on the reasons for the suspension and subsequent arrangements.
Investors who have valid quotations for allotment but do not participate in the subscription or participate in the subscription in full, fail to pay the subscription funds in full and in time after obtaining the preliminary allotment, or have other violations of the "Offline Investor Management Rules for Initial Public Offerings of Securities" will be deemed to be in violation and shall be held responsible for the violation. The lead underwriter will announce the violation and report the violation to the China Securities Regulatory Commission and the Securities Association of China for filing in a timely manner.
The number of violations for projects related to various market sectors of the stock exchange by offline investors or allotment objects managed by them shall be combined and calculated. The allotment objects are prohibited from participating in offline price inquiry and allotment business, and during the period when they are included in the restricted list, the allotment objects are not allowed to participate in the offline price inquiry and allotment business of projects related to various market sectors of the stock exchange. Offline investors are prohibited from participating in offline price inquiry and allotment business, and during the period when they are included in the restricted list, all placement objects under their management are not allowed to participate in offline price inquiry and allotment business for projects related to various market sectors of the stock exchange.
If an online investor has been successful three times within 12 consecutive months but failed to pay in full, he or she shall not participate in the online subscription of new shares, depositary receipts, convertible corporate bonds, or exchangeable corporate bonds within 6 months (calculated as 180 natural days, including the next day) from the day after the settlement participant's latest declaration of abandonment of subscription. The number of abandonment of subscriptions shall be calculated based on the number of times investors actually gave up subscription of new shares, depositary receipts, convertible corporate bonds and exchangeable corporate bonds.
1. Online subscription situation and preliminary winning rate of online issuance
According to data provided by the Shanghai Stock Exchange, the number of valid subscription households for this online issuance is 13,647,883, the number of valid subscriptions is 101,265,777,500 shares, and the preliminary winning rate for the online issuance is 0.01134441%. The total number allocated is 202,531,555, and the number range is 100,000,000,000—100,202,531,554.
2. Implementation of clawback mechanism, issuance structure and final winning rate of online issuance
According to the clawback mechanism announced in the "Announcement on the Initial Public Offering of Stocks and Listing on the Main Board of Suzhou Fengbei Biotechnology Co., Ltd.", since the initial effective subscription multiple for the online issuance before the clawback was initiated was 8,814.92 times, exceeding 100 times, the issuer and the lead underwriter decided The callback mechanism will be activated to adjust the scale of offline and online issuances. After deducting the final strategic placement part, 40% of the number of shares in this public offering (rounded up to an integer multiple of 500 shares, that is, 12.727 million shares) will be called back from offline to online.
After the clawback mechanism was activated, the final number of offline issuances was 7.601703 shares, accounting for 23.89% of the total issuance after deducting the final strategic allotment quantity; the final online issuance number was 24.2150 million shares, accounting for 76.11% of the total issuance after deducting the final strategic allotment quantity.
After the clawback mechanism was activated, the final winning rate for online issuance was 0.02391232%.
3. Online lottery
The issuer and the lead underwriter are scheduled to hold an online lottery lottery ceremony for this issuance on the morning of October 28, 2025 (T+1) at Room 707, North Tower, Shanghai Securities Building, No. 528 Pudong South Road, Pudong New District, Shanghai, and the winning results of the online lottery will be announced on October 29, 2025 (T+2).
Issuer: Suzhou Fengbei Biotechnology Co., Ltd. Sponsor (lead underwriter): Cathay Haitong Securities Co., Ltd.
October 28, 2025 (This page has no text, but is the stamped page of the "Announcement on the Initial Public Offering of Stocks and Online Issuance and Winning Rate of Suzhou Fengbei Biotechnology Co., Ltd. Listed on the Main Board")
Issuer: Suzhou Fengbei Biotechnology Co., Ltd.
Year Month Day (This page has no text, it is the stamped page of "Announcement on the Initial Public Offering of Stocks and Listing on the Main Board Online Subscription and Winning Rate of Suzhou Fengbei Biotechnology Co., Ltd.")
Sponsor (lead underwriter): Cathay Haitong Securities Co., Ltd.
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