Report on the Issuance Process and Compliance of Subscription Objects for MIKRON's 2025 Private Placement of Shares
Shenzhen Stock Exchange Transaction Report:
MIKRON Technology Group Co., Ltd. (hereinafter referred to as "MIKRON" or the "Company"), as the issuer, and Shenwan Hongyuan Securities Underwriting and Investment Advisory Co., Ltd. (hereinafter referred to as "Shenwan Hongyuan" or the "Underwriter") have prepared this report regarding the issuance process and compliance of subscription objects for MIKRON's 2025 private placement of A shares. This report is based on the preliminary review of the application documents submitted by MIKRON Technology Group Co., Ltd. to the China Securities Regulatory Commission (CSRC) for the issuance of shares.
This report is prepared in accordance with the "Administrative Measures for the Registration of Public Offerings of Securities" (hereinafter referred to as the "Registration Measures"), the "Implementation Rules for the Registration of Public Offerings of Securities" (hereinafter referred to as the "Implementation Rules"), and other relevant laws and regulations, including the "Company Law of the People's Republic of China," the "Securities Law of the People's Republic of China," the "Administrative Measures for Underwriting and Issuance of Securities" (hereinafter referred to as the "Underwriting Measures"), and the "Administrative Measures for Registration of Issuance of Securities" (hereinafter referred to as the "Registration Measures"). This report is also prepared in accordance with the resolutions of the Company's Board of Directors and Shareholders' Meeting, and the "Issuance and Underwriting Plan for MIKRON Technology Group Co., Ltd.'s 2025 Private Placement of Shares" (hereinafter referred to as the "Issuance and Underwriting Plan") filed with the Shenzhen Stock Exchange.
(1) Type and Face Value of Shares to be Issued
The type of shares to be issued is ordinary shares of the Company traded on the A-share market, with a face value of RMB 1.00 per share.
(2) Issue Price
The pricing date for this private placement of shares is the first day of the issuance period. On May 19, 2026, the Company announced the pricing date for the private placement of shares to specific objects. The issue price will be determined based on the lower of the following two prices: (1) the average closing price of the Company's shares in the twenty trading days prior to the pricing date, multiplied by 80%, which is not less than RMB 14.74 per share; and (2) the issue price floor of RMB 14.74 per share.
Beijing Kangda Law Firm has witnessed the entire process of investor subscription invitations and tender offers. Based on the investors' tender offers, the issuer and underwriter (lead underwriter) have determined the issuance price to be RMB 17.35 per share, representing a ratio of 117.71% to the issue price floor.
The determination of the issuance price complies with the relevant regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE"), and is in accordance with the "Issuance and Underwriting Plan for MIKRON Technology Group Co., Ltd.'s 2025 Private Placement of Shares" (hereinafter referred to as the "Issuance and Underwriting Plan") filed with the SZSE.
(3) Number of Shares to be Issued
According to the "Issuance and Underwriting Plan" filed by the issuer and the underwriter (lead underwriter) with the SZSE, the total amount of funds to be raised in this issuance is not expected to exceed RMB 311,219,199.10 (inclusive). The number of shares to be issued is 21,113,921 shares. This number is the lower of: (1) the amount of funds to be raised, RMB 311,219,199.10, divided by the issue price floor of RMB 14.74 per share (rounded down to the nearest whole share, resulting in 21,113,921 shares); and (2) 30% of the Company's total share capital before the issuance (which is 132,146,398 shares).