Stock Code: 001208 Stock Abbreviation: Hualing Cable Listing Venue: Shenzhen Stock Exchange
Hunan Hualing Cable Co., Ltd.
Report (Draft) Summary on Issuing Convertible Corporate Bonds to Purchase Assets and Raise Supporting Funds and Related Party Transactions (Revised Draft)
| Project | Counterparty/Issuance Target |
|---|---|
| Issuing convertible corporate bonds to purchase assets | Wu Genhong, Jiang Yuan |
| Raising supporting funds | Hualing Jinshan (Tianjin) Industrial Investment Fund Partnership (Limited Partnership) |
Independent Financial Advisor
June 2026
Statement
I. Listed Company Statement
The purpose of this asset restructuring report summary is to provide the public with a brief overview of this restructuring and does not include all parts of the full asset restructuring report. The full asset restructuring report is simultaneously published on the Juchao Information website (http://www.cninfo.com.cn).
The company and all directors and senior management guarantee the truthfulness, accuracy, and completeness of the content of the asset restructuring report and its summary, and bear corresponding legal liability for any false records, misleading statements, or major omissions in the report and its summary.
The company's controlling shareholder, all directors, and senior management promise: If the information disclosed or provided for this transaction is suspected of containing false records, misleading statements, or major omissions, and is filed for investigation by judicial authorities or the China Securities Regulatory Commission (CSRC), they will not transfer the shares they hold in the listed company until the investigation conclusion is formed. They will submit a written application for suspension of transfer and their stock account to the listed company's board of directors within 2 trading days of receiving the notice of investigation, and the board of directors will apply for a lock-up on their behalf to the Shenzhen Stock Exchange and the securities registration and clearing institution. If the lock-up application is not submitted within 2 trading days, they authorize the board of directors to directly report their identity and account information to the Shenzhen Stock Exchange and the securities registration and clearing institution for a lock-up after verification. If the board of directors fails to report, they authorize the stock exchange and the securities registration and clearing institution to directly lock the relevant shares. If the investigation conclusion finds illegal or non-compliant circumstances, the company/individual promises that the locked shares will be voluntarily used for relevant investor compensation arrangements.
The effectiveness and completion of the matters related to this restructuring described in the report and its summary are subject to the review of the Shenzhen Stock Exchange, the registration of the China Securities Regulatory Commission, and the approval of other relevant approval authorities. Any decision or opinion made by the approval authorities regarding matters related to this transaction does not constitute a substantive judgment or guarantee of the value of the company's shares or the returns to investors. All shareholders and other public investors are requested to carefully read all information disclosure documents related to this transaction and make prudent investment decisions. The company will disclose relevant information in a timely manner according to the progress of this transaction and remind shareholders and other investors to pay attention.
After the completion of this transaction, the company is responsible for its own operations and profit changes; investment risks caused by this transaction are borne by the investors themselves. When evaluating this transaction, in addition to the content of the report and its summary and the simultaneously disclosed relevant documents, investors should also carefully consider the various risk factors disclosed in the report and its summary. If investors have any questions about the report and its summary, they should consult their own stock brokers, lawyers, accountants, or other professional advisors.