002685SZSE

Analysis Report on the Stock Issuance Plan for Specific Objects in 2026

Wuxi Huadong Heavy Machinery Co., Ltd.·April 21, 2026·12 pages

✨ AI Summary

Hua Dong Heavy Machinery Co., Ltd. plans to issue A shares to specific objects in 2026 to meet capital needs for business development and enhance its capital structure. The issuance aims to support the company's strategy of strengthening core competitiveness and improving product quality and service capabilities. Pricing will be based on the average trading price in the 20 days prior to issuance, not exceeding 80% of that average. This plan is deemed necessary and feasible, expected to promote sustainable profitability.

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Full Translation

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Background and Purpose

Background of This Report

Hua Dong Heavy Machinery Co., Ltd. (hereinafter referred to as "the Company") intends to issue shares to specific objects through a simplified procedure in 2026. This is to meet the capital needs for business development and enhance the company's capital structure, optimize resource allocation, and improve market competitiveness. Based on the Company Law of the People's Republic of China (hereinafter referred to as "Company Law") and relevant regulations, the Company can issue shares to specific objects through a simplified procedure.

This analysis report aims to clarify the background of the stock issuance plan for specific objects in 2026.

Market Demand and Industry Trends

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