Beijing Hiconics Eco-energy Technology Co., Ltd.
Announcement on Supplementary Agreement to Share Subscription Agreement and Connected Transaction
Securities Code: 300048
Securities Abbreviation: Hiconics
Announcement No.: 2026-058
The Company and all members of the Board of Directors guarantee the content of the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or major omissions.
Important Notice:
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On August 10, 2026, the Company convened the third meeting of the Seventh Board of Directors, which reviewed and approved the proposal regarding the adjustment of the 2026 plan for issuing shares to specific objects. Specific details can be found in the announcement published by the Company on the Juchao Information Network on August 12, 2026.
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Based on the aforementioned adjustment, the Company signed the "Supplementary Agreement to the Conditional Share Subscription Agreement for the Issuance of A Shares to Specific Objects" (hereinafter referred to as the "Supplementary Agreement to the Conditional Share Subscription Agreement") with Midea Group Co., Ltd. (hereinafter referred to as "Midea Group"), the subscriber for the current issuance. Midea Group's subscription for the Company's shares issued to specific objects constitutes a connected transaction, but it does not constitute a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies."
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Prior to this issuance, the Company's controlling shareholder was Guangdong Midea Heating and Ventilation Equipment Co., Ltd. (hereinafter referred to as "Midea HVAC"). Midea Group is the indirect controlling shareholder of the Company. Upon completion of this issuance, Midea Group, as the subscriber, will further strengthen its controlling shareholder status. Mr. He Xiangjian remains the actual controller of the Company.
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The relevant matters of this issuance plan have been reviewed and approved by the 28th meeting of the Sixth Board of Directors, the 2025 Annual Shareholders' Meeting, and the third meeting of the Seventh Board of Directors. This issuance is subject to the approval of the Shenzhen Stock Exchange and the registration and approval of the China Securities Regulatory Commission (hereinafter referred to as "CSRC"). There is uncertainty regarding whether this issuance will obtain the aforementioned approvals and the timing of these approvals. Investors are reminded to be aware of investment risks.
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HICONICS Announcement on Supplementary Agreement to Share Subscription Agreement and Connected Transaction
I. Overview of Connected Transactions
(I) Basic Situation of Connected Transactions
The Company intends to issue A shares to specific objects. The pricing benchmark date is the first day of the offering period. The offering price shall not be lower than 80% of the average daily trading price of the Company's A shares for the 20 trading days prior to the pricing benchmark date. The number of shares to be issued will be the total amount of raised capital divided by the offering price (rounded up to the nearest integer, ignoring decimal places), and shall not exceed the upper limit of 288,234,136 shares (inclusive) before this adjustment, which is no more than 30% of the Company's total share capital before this issuance, subject to the CSRC's registration approval document for this issuance. The indirect controlling shareholder, Midea Group, will subscribe in cash for the full amount. The Company signed the "Conditional Share Subscription Agreement" with Midea Group on February 27, 2026, and the "Supplementary Agreement to the Conditional Share Subscription Agreement" on August 7, 2026.
(II) Explanation of Connected Relationship
Given that the Company's controlling shareholder, Midea HVAC, is a subsidiary controlled by Midea Group, and Midea Group is the indirect controlling shareholder of the Company, according to the "Shenzhen Stock Exchange GEM Stock Listing Rules," Midea Group is a connected legal person of the Company, and this issuance constitutes a connected transaction.