Stock Abbreviation: Liansheng Technology
Stock Code: 300051.SZ
Liansheng Technology Co., Ltd.
(No. 66 Tongjia East Road, Nantong High-tech Industrial Development Zone)
2025 Prospectus for Issuance of A-Shares to Specific Targets (Revised Draft)
Sponsor (Lead Underwriter): Shengang Securities Co., Ltd.
(16/22/23 Floor, Changtai International Finance Building, No. 1589 Century Avenue, China (Shanghai) Pilot Free Trade Zone)
June 2026
Statement
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The Company and all members of the Board of Directors guarantee that the content of this announcement is true, accurate, and complete, and confirm that there are no false records, misleading statements, or major omissions, and bear individual and joint legal liability for the truthfulness, accuracy, and completeness of the contents of this prospectus.
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This prospectus is prepared in accordance with the "Administrative Measures for the Registration of Securities Issuance by Listed Companies," the "Content and Format Standards for Information Disclosure by Companies Offering Securities to the Public No. 61 — Prospectus and Issuance Report for Securities Issued by Listed Companies to Specific Targets," and other requirements.
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After the completion of this issuance of shares to specific targets, the Company shall be solely responsible for changes in its operations and earnings; investors shall be solely responsible for investment risks arising from this issuance.
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This prospectus is the Board of Directors' explanation of this issuance of shares to specific targets; any statement to the contrary is a false statement.
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If investors have any questions, they should consult their brokers, lawyers, professional accountants, or other professional advisors.
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The matters stated in this prospectus do not represent a substantive judgment, confirmation, or approval by the approval authorities regarding the matters related to this issuance. The effectiveness and completion of the matters related to this issuance to specific targets are still subject to the review or registration of the relevant approval authorities.
Important Matters Notice
The Company specifically reminds investors to pay attention to the following major matters or risk factors and to carefully read the relevant chapters of this prospectus.
I. Overview of this Issuance of A-Shares to Specific Targets
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The matter of this issuance of shares to specific targets has been deliberated and approved by the second meeting of the seventh session of the Board of Directors, the 2026 first extraordinary general meeting of shareholders, and the eleventh meeting of the seventh session of the Board of Directors. According to relevant laws and regulations, the plan for this issuance of shares to specific targets is subject to review and approval by the Shenzhen Stock Exchange and the decision of the China Securities Regulatory Commission (CSRC) to agree to registration before it can be implemented.
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The target of this issuance is Hainan Liansheng, which intends to subscribe for all shares of this issuance in RMB cash. Hainan Liansheng has signed a "Conditional Share Subscription Agreement" with the Company. This issuance constitutes a related-party transaction. The Company's independent directors have held a special meeting to deliberate and pass relevant proposals. When the Board of Directors deliberated on the proposals related to this issuance, related directors abstained from voting on matters related to the related-party transaction. When the shareholders' meeting deliberated on the proposals related to this issuance, related shareholders abstained from voting.
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The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the Company's A-shares for the 20 trading days prior to the pricing benchmark date (excluding the pricing benchmark date; the same applies below). (Average trading price of the Company's shares for the 20 trading days prior to the pricing benchmark date = total trading volume of the Company's shares for the 20 trading days prior to the pricing benchmark date / total trading volume of the Company's shares for the 20 trading days prior to the pricing benchmark date).