A-share Abbreviation: Zhejiang Shibao
H-share Abbreviation: Zhejiang Shibao
A-share Code: 002703
H-share Code: 01057
Zhejiang Shibao Co., Ltd.
2026 Plan for Issuance of A-Shares to Specific Targets
August 2026
Company Statement
-
The company and all members of the Board of Directors guarantee that the contents of this plan are true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions.
-
This plan is prepared in accordance with the "Administrative Measures for the Issuance of Securities by Listed Companies" and other relevant laws, regulations, and normative documents.
-
Upon completion of this issuance of shares to specific targets, the company shall be solely responsible for any changes in its operations and earnings; investors shall be solely responsible for any investment risks arising from this issuance.
-
This plan is the Board of Directors' explanation of this issuance of shares to specific targets, and any statements to the contrary are false.
-
Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.
-
The matters described in this plan do not represent a substantive judgment, confirmation, approval, or verification by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of the matters described herein are subject to approval by the company's shareholders' meeting, the Shenzhen Stock Exchange, and the registration decision of the China Securities Regulatory Commission.
Special Notice
-
The plan for this issuance of shares to specific targets was reviewed and approved at the 14th meeting of the 8th Board of Directors held on August 7, 2026. It remains subject to approval by the company's shareholders' meeting, the Shenzhen Stock Exchange, and the registration decision of the China Securities Regulatory Commission before it can be implemented.
-
The targets for this issuance are no more than 35 (inclusive) specific entities that meet the requirements of laws and regulations, including securities investment fund management companies, securities companies, finance companies, asset management companies, insurance institutional investors, trust companies, qualified foreign institutional investors, and other qualified investors. Among them, securities investment fund management companies, securities companies, and qualified foreign institutional investors subscribing with two or more products under their management shall be deemed as one target; trust companies acting as targets may only subscribe with their own funds.
The final targets will be determined by the Board of Directors and its authorized persons based on the authorization of the shareholders' meeting, after the issuance is approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission, in consultation with the sponsor (lead underwriter) according to relevant laws, regulations, and the subscription quotes received, following the principle of price priority. If national laws, regulations, or normative documents introduce new provisions regarding the targets, the company will adjust accordingly.
- The pricing base date for this issuance is the first day of the issuance period. The issue price shall not be lower than 80% of the average trading price of the company's A-shares for the 20 trading days preceding the pricing base date (hereinafter referred to as the "floor price"). The average trading price for the 20 trading days preceding the pricing base date = total trading volume of the 20 trading days preceding the pricing base date / total trading amount of the 20 trading days preceding the pricing base date. If the company's stock undergoes ex-rights or ex-dividend events such as dividend distribution, bonus shares, or capitalization of capital reserves between the pricing base date and the issuance date, the issue price will be adjusted accordingly.