Stock Abbreviation: Hongxin Electronics
Stock Code: 300657
Xiamen Hongxin Electronics Technology Group Inc.
19-2 Xianghai Road, Xiang'an Industrial Zone, Torch High-tech Zone, Xiamen, Fujian Province
Prospectus for Issuance of Shares to Specific Targets and Listing on the ChiNext Market (Registration Draft)
Sponsor (Lead Underwriter): Huatai United Securities Co., Ltd.
(Room 401, Building B7, Qianhai Shenzhen-Hong Kong Fund Town, 128 Guiwan 5th Road, Nanshan Street, Qianhai Shenzhen-Hong Kong Cooperation Zone, Shenzhen)
Announcement Date: June 2026
Statement
The Company and all directors and senior management warrant that this prospectus contains no false records, misleading statements, or major omissions, and assume corresponding legal liability for its authenticity, accuracy, and completeness.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting department guarantee the authenticity and completeness of the financial and accounting information in this prospectus.
Any decision or opinion made by the CSRC or the exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false statement.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is solely responsible for changes in its operations and earnings.
Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Important Matters Notice
The Company specifically requests that investors carefully read the full text of this prospectus and pay special attention to the following important matters before making investment decisions.
I. Particulars of this Issuance of A-shares to Specific Targets
The number of shares to be issued by the Company to specific targets shall not exceed 48,841,005 shares (inclusive), which does not exceed 30% of the Company's total share capital prior to this issuance.
If the Company's total share capital changes due to ex-rights matters such as bonus shares or conversion of capital reserve into share capital between the pricing base date and the issuance date, the upper limit of the number of shares to be issued will be adjusted accordingly.
The final number of shares to be issued will be determined by the Board of Directors within the scope authorized by the shareholders' meeting, in accordance with relevant laws, regulations, and normative documents, and in consultation with the sponsor (lead underwriter) based on actual issuance conditions after obtaining the CSRC's registration approval. If the total number of shares is adjusted due to changes in regulatory policies or requirements in the issuance approval documents, the number of shares will be adjusted accordingly.
II. Special Risk Warnings
(I) Stock Pledge and Subscription Fund Risk
As of March 31, 2026, Li Qiang directly holds 353,430 shares of Hongxin Electronics and indirectly controls 84,185,311 shares through Hongxin Venture Capital, which he controls, totaling 84,538,741 shares, accounting for 17.53% of the Company's total share capital. According to the issuance plan, Li Qiang's funds for subscribing to the shares are sourced from his own funds and self-raised funds, with Hongxin Venture Capital planning to provide loans to Li Qiang through stock pledge financing.
Assuming the issuance reaches the upper limit, based on the average price of 31.33 yuan/share for the 20 trading days prior to April 20, 2026, and a pledge rate of 40%, Hongxin Venture Capital needs to pledge 20.5899 million shares. The ratio of cumulative pledged shares by Hongxin Venture Capital to the total shares actually controlled by Li Qiang after this issuance is 56.86%. If the Company's stock price falls sharply in the future or stock pledge financing falls short of expectations, it may lead to a shortage of funds for stock pledges and subscriptions, thereby affecting the implementation of this issuance plan and the stability of control, which may lead to the delay or failure of this issuance.