Huike's issuance price: 10.12 yuan/share

On the evening of June 10, Huike Co., Ltd. disclosed an issuance announcement and determined the issuance price to be 10.12 yuan per share. Online and offline subscription work will be fully launched on June 12.

The initial public offering number of shares is 729,783,474 shares. The shares issued account for approximately 10.00% of the company's total share capital after the issuance. All new shares are publicly issued, and there is no transfer of old shares. The issuer grants the sponsor an over-allotment option of no more than 15.00% of the initial issuance size. If the over-allotment option is fully exercised, the total number of shares issued will be expanded to 839,250,974 shares, accounting for approximately 11.33% of the total post-issuance share capital. Over-alloted shares will be obtained through deferred delivery to investors participating in the strategic placement of this issuance, and will all be placed to online investors.

For this IPO, Huike plans to raise 8.5 billion yuan. After deducting issuance expenses, it will be used for the Changsha new OLED R&D and upgrade project, Changsha Oxide R&D and industrialization project, Mianyang Mini LED intelligent manufacturing project, supplementing working capital and repaying bank loans. The planned amounts of raised funds are 2.5 billion yuan, 3 billion yuan, 2 billion yuan, and 1 billion yuan respectively.

Based on the issuance price of RMB 10.12 per share, before the over-allotment option is exercised, the issuer is expected to raise a total of RMB 7,385,408,800. After deducting issuance expenses of approximately RMB 275,531,800, the net amount of funds raised is expected to be RMB 7,109,877,000. If the over-allotment option is fully exercised, the issuer is expected to raise a total of RMB 8,493,219,900. After deducting issuance expenses of approximately RMB 306,276,200, the net raised funds are expected to be RMB 8,186,943,600.

According to the announcement, June 12 is the unified subscription day. The offline subscription time is 9:30-15:00, and the online subscription period is 9:15-11:30 and 13:00-15:00. Investors do not need to pay funds during the subscription stage. Online subscription is open to public investors who hold non-restricted A-shares and depository receipts in the Shenzhen market. The minimum market value is 10,000 yuan. 500 shares can be purchased for every 5,000 yuan in market value. The upper limit for online subscription is 218,500 shares. Offline investors are limited to entities that have previously submitted valid quotations, and investors who participate in offline inquiries and subscriptions are not allowed to subscribe online again.