Ningbo Jiangfeng Electronic Materials Co., Ltd.
(Anshan Road, Mingbang Technology Industrial Park, Economic Development Zone, Yuyao City, Zhejiang Province)
[Image: Company Logo]
Announcement of Issuance of Shares to Specific Targets and Listing on the ChiNext Market
Sponsor (Joint Lead Underwriter)
Guotai Haitong Securities Co., Ltd.
Joint Lead Underwriter
China Securities Co., Ltd.
June 2026
Commitment of All Directors and Senior Management of the Issuer
All directors and senior management of the Company commit that this listing announcement does not contain any false records, misleading statements, or major omissions, and they assume corresponding legal liability for its authenticity, accuracy, and completeness.
Signatures of all directors:
Bian Yujun [blank] Yao Shun [blank] Qian Hongbing [blank]
Yu Yongqun [blank] Wu Zuliang [blank] Zheng Liding [blank]
Fei Weidong [blank] Zhang Jie [blank] Liu Xiu [blank]
Signatures of non-director senior management:
Yao Lijun [blank] Wang Qingsong [blank] Bai Qing [blank]
Zou Junwei [blank]
Date: [blank]
Commitment of the Board of Directors' Audit Committee of the Issuer
All members of the Board of Directors' Audit Committee of the Company commit that this listing announcement does not contain any false records, misleading statements, or major omissions, and they assume corresponding legal liability for its authenticity, accuracy, and completeness.
Signatures of all Board of Directors' Audit Committee members:
Wu Zuliang [blank] Zhang Jie [blank] Liu Xiu [blank]
Special Notice
I. Issuance Quantity and Price
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Issuance quantity: 10,650,400 shares
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Total share capital after issuance: 275,971,083 shares
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Issuance price: 181.01 RMB/share
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Total gross proceeds: 1,927,828,904.00 RMB
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Net proceeds: 1,905,349,086.37 RMB
II. Arrangement for Listing of New Shares
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Number of shares to be listed: 10,650,400 shares
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Listing date: Expected to be June 23, 2026 (first day of listing) on the ChiNext market of the Shenzhen Stock Exchange. The company's stock price will not be ex-rights on the listing date of the new shares, and the stock trading will be subject to price fluctuation limits.
III. Lock-up Period Arrangement for Issuance Targets
There are 11 issuance targets in this offering. The shares subscribed by the issuance targets in this private placement shall not be transferred within 6 months from the date of the completion of this issuance. The lock-up period for the shares issued to specific targets shall be calculated from the first day of listing of the new shares.
Shares derived from the company's stock obtained by the issuance targets through subscription in this offering due to the company's distribution of stock dividends or capitalization of capital reserves shall also be subject to the aforementioned lock-up arrangements. If laws and regulations provide otherwise for the lock-up period, such provisions shall prevail. After the expiration of the lock-up period, the implementation shall be in accordance with the relevant laws, regulations, and normative documents of the China Securities Regulatory Commission (CSRC) and the Shenzhen Stock Exchange. If the aforementioned lock-up period is inconsistent with the latest regulatory opinions or requirements of securities regulatory agencies, corresponding adjustments will be made in accordance with the regulatory opinions or requirements of the relevant securities regulatory agencies.
IV. Compliance with Listing Requirements
Upon completion of this issuance, the company's equity distribution complies with the listing requirements of the "Shenzhen Stock Exchange ChiNext Market Stock Listing Rules," and no circumstances will occur that would lead to non-compliance with the conditions for stock listing.
Section 4: Basic Information of the Company Before and After the Issuance
I. Top 10 Shareholders Before and After the Issuance
(I) Top 10 Shareholders Before the Issuance
(II) Top 10 Shareholders After the Issuance