Issuance Sponsorship Letter
Section 1 Basic Information on This Securities Issuance
1. Sponsor for This Securities Issuance
GF Securities Co., Ltd.
2. Information on Sponsor Personnel for This Securities Issuance
(1) Names and Professional Qualifications of Sponsors Responsible for This Securities Issuance
Li Wu: Sponsor representative, Master's degree, non-practicing member of the Chinese Institute of Certified Public Accountants. Began investment banking work in 2012. Participated in projects including the private placement of Zhongli Group (002309), the IPO of Wujiang Bank (603323), the IPO of Ankao Zhidian (300617), the IPO of Huhua Shares (003002), the IPO of Mixue Bingcheng, and the private placement of Liuyao Group (603368).
Liu Minxi: Sponsor representative, Master of Laws, holds legal professional qualification. Joined GF Securities in 2015. Currently serves as Senior Vice President of the Investment Banking Management Committee of GF Securities. Participated in projects including the IPO of Aileda (300696), the IPO of Tianyi Shares (300504), and the private placement of Aileda (300696).
(2) Names and Professional Qualifications of Project Coordinators for This Securities Issuance
Sun Chao: Sponsor representative, Certified Public Accountant, holds legal professional qualification, Master of Engineering. Began investment banking work in 2022. Participated in projects including the convertible bond issuance to non-specific targets of Shenshui Guiyuan (301038), the IPO of Huamao Weiye, and the IPO of Jiangsu Design.
(3) Names of Other Project Team Members Other project team members include Wen Wei, Ma Heyao, Yang Liu, Wu Jiangjun, Xu Jie, Zou Fei, and Zhao Yingyang.
3. Basic Information of the Issuer
(1) Basic Issuer Information
| Item | Content |
|---|---|
| Chinese Name | Shanxi Huhua Group Co., Ltd. |
| English Name | Shanxi Huhua Group Co., Ltd. |
| Legal Representative | Qin Dong |
| Unified Social Credit Code | 91140400111050393D |
| Registered Capital | 200 million RMB |
| Date of Establishment | September 27, 1994 |
| Listing Date | September 22, 2020 |
| Listing Exchange | Shenzhen Stock Exchange |
| Stock Abbreviation | Huhua Shares |
| Stock Code | 003002 |
| Board Secretary | Wu Guoliang |
| Registered Address | No. 1 Huagong Road, Huguan Economic Development Zone, Changzhi City, Shanxi Province |
| Office Address | No. 1 Huagong Road, Huguan Economic Development Zone, Changzhi City, Shanxi Province |
| Contact Phone | 0355-6010025 |
| Fax Number | 0355-8778413 |
| zhengquanbu@sxhuhua.com, 46150430@qq.com | |
| Company Website | www.shanxihuhua.com |
| Business Scope | R&D, production, sales and service of industrial electric detonators, seismic exploration electric detonators, magneto-electric detonators, digital electronic detonators, non-electric detonator tubes, plastic non-electric detonator tubes, emulsion explosives (gelatinous), and relay detonators (subject to the scope and validity period approved by the license; excluding blasting operations); R&D, production, sales and service of weapons and equipment (operated under a valid "Weapons and Equipment Research and Production License," subject to the scope and validity period approved by the license); road cargo transportation: hazardous cargo transportation (Class 1, Division 1); import and export of goods and technology; housing leasing; sales of textiles, agricultural and sideline products (excluding food for direct consumption, unless a food business license is obtained), handicrafts (excluding cultural relics, ivory and its products), and cultural and sports entertainment supplies. (For projects subject to approval according to law, business activities can only be carried out after approval by relevant departments.) |
(2) Issuer's Equity Structure
- Share Capital Structure
As of December 31, 2025, the issuer's total share capital is 200,000,000 shares. The structure is as follows:
| Share Type | Number of Shares | Shareholding Ratio |
|---|---|---|
| 1. Shares with selling restrictions | 17,152,725 | 8.58% |
| 1. State-owned shares | 0 | 0.00% |
| 2. State-owned legal person shares | 0 | 0.00% |
| 3. Other domestic shares | 17,152,725 | 8.58% |
| Including: Domestic legal person shares | 0 | 0.00% |
| Domestic natural person shares | 17,152,725 | 8.58% |
| 2. Shares without selling restrictions | 182,847,275 | 91.42% |