Securities Code: 300522
Securities Abbreviation: Sname Technology
Announcement No.: 2026-047
Suzhou Sname Technology Co., Ltd.
Announcement on Adjusting the Issue Price and Number of Shares for the 2024 Private Placement
The Company and all members of its board of directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Special Reminder:
Suzhou Sname Technology Co., Ltd. (hereinafter referred to as the "Company" or "Listed Company") held the Second Meeting of the Sixth Board of Directors on July 10, 2026. The meeting deliberated and approved the "Proposal on Adjusting the Issue Price and Number of Shares for the 2024 Private Placement" and the "Proposal on the Supplementary Agreement to the Conditional Share Subscription Agreement with Specific Investors and Related Party Transactions." The adjusted issuance plan is hereby announced as follows:
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The pricing benchmark date for the Company's 2024 private placement of shares has been adjusted from the "Announcement Date of the Resolution of the Tenth Meeting of the Fifth Board of Directors" to the "First Day of the Offering Period." The issue price has been adjusted from "RMB 9.33 per share" to "no less than 80% of the average daily stock price of the listed company for the 20 trading days prior to the pricing benchmark date." The number of shares has been adjusted from "not exceeding 33,226,152 shares (inclusive)," to "determined by dividing the total fundraising amount by the issue price, and not exceeding 33,226,152 shares (inclusive), which does not exceed 30% of the Company's total share capital before this issuance."
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Except for the above adjustments, other matters of the Company's 2024 private placement of shares plan remain unchanged.
The relevant matters of the Company's 2024 private placement of shares plan have been deliberated and approved by the Tenth Meeting of the Fifth Board of Directors, the Twentieth Meeting of the Fifth Board of Directors, the 2024 Annual General Meeting of Shareholders, and the First Extraordinary General Meeting of Shareholders in 2026. This private placement of shares is still subject to the review by the Shenzhen Stock Exchange (hereinafter referred to as the "SZSE") and the approval and registration by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC").
I. Adjustment of Pricing Benchmark Date and Issue Price