Huina Technologies Co., Ltd.
Announcement on the Supplementary Agreement to the Conditional Share Subscription Agreement with a Specific Target and Related Party Transaction
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and contains no false records, misleading statements, or major omissions.
Special Reminders:
- Due to adjustments in the pricing benchmark date, issuance price, and issuance number for Huina Technologies Co., Ltd.'s (hereinafter referred to as the "Company") 2025 private placement of A shares (hereinafter referred to as the "Issuance Plan"), the Company has signed the "Supplementary Agreement to the Conditional Share Subscription Agreement" (hereinafter referred to as the "Supplementary Agreement") with the subscriber, Mr. Jiang Zexing. Mr. Jiang Zexing agrees to subscribe for the shares in this issuance according to the adjusted issuance price and number of shares as stipulated in the relevant agreements.
The detailed contents of the adjustment to the Issuance Plan can be found in the relevant announcement disclosed on the same day on the Juchao Information Network (www.cninfo.com.cn).
- The relevant matters of the Issuance Plan have been reviewed and approved by the Company's Fourth Board of Directors' 22nd Meeting, the 2025 First Extraordinary General Meeting of Shareholders, and the Fifth Board of Directors' Second Meeting. The Company's issuance matter is still subject to the review of the Shenzhen Stock Exchange and approval from the China Securities Regulatory Commission (hereinafter referred to as the "CSRC"). The implementation can only proceed after obtaining the CSRC's registration approval. Whether it can pass the Shenzhen Stock Exchange review and obtain the CSRC's registration approval, and the timeline for this, remain uncertain.
I. Overview of Related Party Transactions
- The Company plans to issue A shares to a specific target, Mr. Jiang Zexing. The pricing benchmark date for this issuance plan is the first day of the issuance period. The issuance price shall not be less than 80% of the average daily trading price of the Company's shares in the twenty trading days prior to the pricing benchmark date. The average daily trading price of the Company's shares in the twenty trading days prior to the pricing benchmark date = Total trading volume of the Company's shares in the twenty trading days prior to the pricing benchmark date / Total trading volume of the Company's shares in the twenty trading days prior to the pricing benchmark date. The number of shares to be issued
The total amount of raised funds will be determined by dividing the total amount of raised funds by the issuance price (if the result is less than one share, it will be rounded down, and the fractional part of the consideration for less than one share will be granted to the Company). The total number of shares issued shall not exceed 30% of the Company's total share capital before this issuance and 36,000,000 shares (including the current number, which remains unchanged from before the adjustment). The final number of shares issued shall be subject to the approval of the securities regulatory authority. The total amount of raised funds for this private placement shall not exceed RMB 738,720,000 (including the current amount). After deducting issuance expenses, the net amount of raised funds is intended to be used for replenishing working capital.
- Mr. Jiang Zexing is the actual controller of the Company. According to the "Shenzhen Stock Exchange GEM Stock Listing Rules," he is a related party to the Company, and this issuance constitutes a related party transaction.