Stock Abbreviation: Hongxin Electronics
Stock Code: 300657
Xiamen Hongxin Electronics Technology Group Co., Ltd.
No. 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, No. 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 does not contain any false records, misleading statements, or major omissions, and assume corresponding legal liability for its authenticity, accuracy, and completeness.
The Company's person-in-charge, the person-in-charge of accounting work, and the person-in-charge of the accounting institution 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 representation.
In accordance with the Securities Law, changes in the issuer's operations and earnings after the issuance of these securities are the sole responsibility of the issuer.
Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks arising from 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.
- Information on this Issuance of A-shares to Specific Targets
The number of shares 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 capitalization of capital reserves between the pricing benchmark date and the issuance date, the upper limit of the number of shares issued to specific targets will be adjusted accordingly.
The final number of shares to be issued will be determined by the Company's Board of Directors within the scope authorized by the shareholders' meeting, in accordance with relevant laws, regulations, and normative documents, and through consultation with the sponsor (lead underwriter) based on the actual situation of the issuance. 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.
- Special Risk Warning
(1) Stock Pledge and Subscription Fund Risk
As of March 31, 2026, Li Qiang directly held 353,430 shares of Hongxin Electronics and indirectly controlled 84,185,311 shares through Hongxin Venture Capital, which he controls, for a total of 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 these shares are derived from his own funds and self-raised funds, among which Hongxin Venture Capital intends 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 the 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 if 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.