China Economic Net, Beijing, December 20 - Hoymiles (688032.SH) issued an announcement on the listing and circulation of restricted shares in its initial public offering on December 13, showing that 61,718,713 restricted shares of the company will be listed and circulated today. 

According to the announcement, the restricted shares listed and circulated this time are the company's initial public offering of restricted shares, and the number of shareholders of restricted shares is 3. A total of 61,718,713 shares were lifted and applied for listing and circulation, accounting for 49.87% of the company's total share capital, and the restriction period is 36 months from the date of listing of the company's initial public offering of shares, and the lock-up period is about to expire, and the above restricted shares will be listed and circulated from December 20, 2024. 

After the completion of the initial public offering of A shares, the total share capital of the Company is 40,000,000 shares, of which 31,199,346 shares are restricted and 8,800,654 are unrestricted shares. 

On April 19, 2022, the company held the 14th meeting of the first board of directors and the 13th meeting of the first board of supervisors to deliberate and pass the "Proposal on the 2021 Annual Profit Distribution and Capital Reserve Conversion to Share Capital Plan", based on the total share capital registered on the record date of equity distribution of 40,000,000 shares, a cash dividend of 30 yuan (tax included) will be distributed to all shareholders for every 10 shares, and 4 shares will be converted from capital reserve for every 10 shares. On May 19, 2022, the company held the 2021 annual general meeting of shareholders to deliberate and approve the above proposals, which were completed on June 8, 2022. After this conversion, the company's total share capital increased to 56,000,000 shares, and the above-mentioned conversion led to the conversion of the proposed release of restricted shares from 19,857,122 shares to 27,799,970 shares. 

The company held the 28th meeting of the first board of directors and the 24th meeting of the first board of supervisors on April 25, 2023, and the 2022 annual general meeting of shareholders on May 17, 2023, and deliberated and approved the "Proposal on the 2022 Annual Profit Distribution and Capital Reserve Conversion to Share Capital Plan". The company intends to distribute a cash dividend of 53 yuan (tax included) to all shareholders for every 10 shares based on the total share capital on the record date of the implementation of equity distribution and the shares in the company's special securities account for repurchase, and intends to increase 4.9 shares for every 10 shares to all shareholders with capital reserve. As of the record date of the implementation of equity distribution, the total share capital of the company was 56,000,000 shares, the number of shares in the special securities account for repurchase was 250,000 shares, and the total number of shares participating in profit distribution and conversion was 55,750,000 shares. The total share capital of the company is 83,317,500 shares. As a result of the above-mentioned conversion, the number of restricted shares to be lifted this time was increased from 27,799,970 shares to 41,421,955 shares. 

The company held the 11th meeting of the second board of directors and the 10th meeting of the second board of supervisors on April 26, 2024, and the 2023 annual general meeting of shareholders on May 20, 2024, and deliberated and approved the "Proposal on the 2023 Annual Profit Distribution and Capital Reserve Conversion to Share Capital Plan". The company intends to distribute a cash dividend of 36 yuan (tax included) to all shareholders for every 10 shares based on the total share capital on the record date of the implementation of equity distribution minus the shares in the company's special securities account for repurchase, and intends to increase 4.9 shares for every 10 shares to all shareholders with capital reserve. As of the record date for the implementation of equity distribution, the total share capital of the company was 83,317,500 shares, the number of shares in the special securities account for repurchase was 775,616 shares, and the total number of shares participating in profit distribution and conversion was 82,541,884 shares. After this conversion, the total share capital of the company is 123,763,023 shares. As a result of the above-mentioned conversion, the number of restricted shares to be lifted this time was increased from 41,421,955 shares to 61,718,713 shares. 

Hoymiles shares were listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on December 20, 2021, with an issue price of RMB 557.80 per share. The number of shares issued by Hoymiles is 10 million shares, accounting for 25% of the total share capital after issuance, the sponsor (lead underwriter) is CITIC Securities Co., Ltd., and the sponsor representatives are Jin Bo and Dong Chao. 

The total amount of funds raised by the listing and issuance of Hoymiles shares was 5.578 billion yuan, and the net amount of funds raised after deducting the issuance expenses was 5.406 billion yuan. The company ultimately raised 4.848 billion yuan more net than originally planned. According to the prospectus disclosed by Hoymiles on December 15, 2021, the company intends to raise 558 million yuan, which is intended to be used for the construction project of Hoymiles intelligent manufacturing base, the industrialization project of energy storage inverter, the upgrade and construction project of intelligent complete sets of electrical equipment, and the replenishment of working capital.  

The total listing and issuance expenses of Hoymiles shares were 172 million yuan, and CITIC Securities Co., Ltd. received 142 million yuan in underwriting fees and sponsorship fees. 

CITIC Securities Investment Co., Ltd. (hereinafter referred to as "China Securities Investment"), a subsidiary of Hoymiles' listing sponsor, has a co-investment ratio of 2%, with 200,000 shares and an allotted amount of 112 million yuan. The restriction period of the allotted shares of CSI is 24 months from the date of listing of the shares in this public offering.