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Announcement on the Dilution of Immediate Returns from the 2025 Stock Issuance to Specific Objects and Related Commitments (Revised Draft)

Wantong Technology Co., Ltd.··8 pages

✨ AI Summary

This announcement outlines the impact of a planned stock issuance on immediate returns for Anhui Wantong Technology Co., Ltd. in 2025. The company anticipates issuing 75,418,994 shares, raising a total of 540 million yuan. Measures to mitigate the dilution of returns have been proposed, and commitments from major stakeholders to uphold these measures are included.

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Full Translation

AI Translation· azure_openai

Announcement on the Dilution of Immediate Returns from the 2025 Stock Issuance to Specific Objects and Related Commitments (Revised Draft)

Anhui Wantong Technology Co., Ltd. (hereinafter referred to as "the Company" or "Wantong Technology") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without any false records, misleading statements, or significant omissions.

In accordance with the "Opinions of the General Office of the State Council on Further Strengthening the Protection of the Legal Rights and Interests of Small and Medium Investors in the Capital Market" (Guo Ban Fa [2013] No. 110), the "Several Opinions of the State Council on Further Promoting the Healthy Development of the Capital Market" (Guo Fa [2014] No. 17), and the "Guidance on Matters Related to the Dilution of Immediate Returns in Initial Public Offerings and Re-financing, Major Asset Restructuring" (China Securities Regulatory Commission Announcement [2015] No. 31), to protect the interests of small and medium investors, the Company has analyzed the impact of this stock issuance on immediate returns and has proposed specific measures to compensate for the dilution of returns. Relevant parties of the Company have committed to ensuring the effective implementation of these compensation measures. The specific situation is as follows:

1. Analysis of the Impact of This Issuance on the Company's Main Financial Indicators

(1) Assumptions and Premises for Calculations

  1. It is assumed that there are no significant adverse changes in the macroeconomic environment and industry market conditions.
  2. It is assumed that this issuance will be completed by June 2026; this forecast time is only used to calculate the impact of the dilution of immediate returns on the Company's earnings per share, with the actual completion time subject to the registration decision made by the China Securities Regulatory Commission.
  3. It is assumed that the impact of the funds raised on the Company's production, operation, and financial status after the funds are received is not considered.
  4. It is assumed that the number of shares to be issued is 75,418,994 shares, with a total amount of funds raised being 540 million yuan. This assumption is only for calculating the impact of the dilution of immediate returns on the main financial indicators and does not represent the final number of shares to be issued.
  5. The net profit attributable to the shareholders of the parent company for 2025, before and after deducting non-recurring gains and losses, is -325.8857 million yuan and -333.5237 million yuan, respectively. It is assumed that the net profit attributable to the shareholders of the listed company for 2026 will be the same as for 2025, reduced by 50% from the loss in 2025, or break even in three scenarios to calculate the impact of this issuance on the main financial indicators.
  6. When forecasting and calculating the relevant data and indicators for 2026, only the impact of this stock issuance to specific objects and net profit is considered, without considering the impact of granted stock incentives, equity distributions, and other factors. The above assumptions are only for calculating the impact of the dilution of immediate returns on the Company's main financial indicators and do not represent the Company's views on the profitability situation for 2026, nor do they represent the Company's judgments and commitments regarding its operational situation and trends for 2026. Investors should not make investment decisions based on this; the Company will not bear compensation responsibility for losses incurred by investors making investment decisions based on this.

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