QuakeSafe Technologies Co., Ltd. 2026 Annual Plan for Issuing Shares to Specific Targets Analysis Report (Second Revision)
Securities Code: 300767
Securities Abbreviation: QuakeSafe Technologies
Announcement Number: 2026-066
QuakeSafe Technologies Co., Ltd.
Yunnan Province Kunming City Guandu District Industrial Park Kunming International Printing and Packaging City D-2-4-1, D-2-4-2 Plot
Safety inside
震安
2026 Annual Plan for Issuing Shares to Specific Targets
Analysis Report on the Feasibility Study
(Second Revision)
August 2026
QuakeSafe Technologies Co., Ltd. (hereinafter referred to as "the Company" or "the Company") proposes to issue A-shares to specific targets, with a proposed total fundraising amount not exceeding RMB 63,019.47 million. In accordance with the "Registration Management Measures" and other relevant laws and regulations of the China Securities Regulatory Commission, the Company has compiled this analysis report on the feasibility of issuing shares to specific targets.
Unless otherwise specified, the terms used in this report have the same meaning as in the "QuakeSafe Technologies Co., Ltd. 2026 Annual Plan for Issuing Shares to Specific Targets (Second Revision)".
I. Background and Objectives of Issuing Shares to Specific Targets
(I) Background of Issuing Shares to Specific Targets
1. Change of Control Completed
On June 17, 2025, the two natural person shareholders of the Company's former controlling shareholder, Huachuang Sansan, namely Zhenhua Venture Capital and Beijing Kaiweiming, signed the "Equity Transfer Agreement" with Dongchuang Technology. Dongchuang Technology acquired 100% of the equity of Huachuang Sansan held by Kunming Zhenhua and Beijing Kaiweiming for RMB 616.08 million. On the same day, Mr. Li Tao, the original actual controller of the Company, and Dongchuang Technology signed the "Voting Rights Waiver Agreement". Mr. Li Tao voluntarily, unconditionally, and irrevocably waived his voting rights for 33,154,923 shares (accounting for 12% of the total share capital, hereinafter referred to as "waived shares") during the waiver period stipulated in the "Voting Rights Waiver Agreement". During this period, the waived shares shall not be included in the effective voting rights. At the same time, Mr. Li Tao issued the "Letter of Commitment to Not Seek Control of the Listed Company", undertaking that from the date of the change of control of the listed company until Ms. Ning Huaxiang and Mr. Zhou Jianhang lose control of the listed company, he will not seek control of the listed company.
On October 28, 2025, the equity transfer matter was completed with the registration of share transfer. The actual controller of the Company changed from Mr. Li Tao to Ms. Ning Huaxiang and Mr. Zhou Jianhang.
2. Challenges Faced by the Company's Existing Business Development
The Company is a high-tech enterprise specializing in the field of seismic isolation and damping (vibration). Affected by the macroeconomic environment in recent years, domestic real estate and infrastructure investment has slowed down. The construction of public buildings such as schools and hospitals in some areas has weakened. Furthermore, the capital availability of relevant owners and general contractors has not met expectations, collectively leading to downstream demand for the Company's products falling short of expectations. In addition, the market promotion has not met expectations since the implementation of the "Regulations on the Management of Seismic Resistance of Construction Projects", and the industry standardization needs to be improved, which has also had a significant adverse impact on the demand for the Company's products.
Affected by the combined impact of these multiple factors, the Company's operating performance has experienced continuous losses during the reporting period, and business development faces certain challenges.