Report on the Compliance of the Issuance Process and Subscription Objects for the Specific Target Issuance of Shares by Shenzhen Haon Automotive Electronics Equipment Co., Ltd.
Shenzhen Stock Exchange:
According to the approval from the China Securities Regulatory Commission (hereinafter referred to as "CSRC") regarding the registration of Shenzhen Haon Automotive Electronics Equipment Co., Ltd. (hereinafter referred to as "Haon Automotive," "the issuer," or "the company") for the issuance of shares to specific targets (CSRC Permit [2026] No. 345), the application for the issuance of shares to specific targets has been approved. Guosen Securities Co., Ltd. (hereinafter referred to as "Guosen Securities," "the sponsor," or "the lead underwriter") has conducted a compliance review of the issuance process and subscription objects for this issuance (hereinafter referred to as "this issuance") and believes that the process and subscription objects comply with the requirements of the Company Law of the People's Republic of China (hereinafter referred to as "the Company Law"), the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law"), the Administrative Measures for the Registration of Securities Issuance by Listed Companies (hereinafter referred to as "the Registration Measures"), the Administrative Measures for Securities Issuance and Underwriting (hereinafter referred to as "the Underwriting Measures"), and the Implementation Rules for Securities Issuance and Underwriting by Listed Companies on the Shenzhen Stock Exchange (hereinafter referred to as "the Implementation Rules"), as well as the relevant resolutions of Haon Automotive's board of directors and shareholders' meeting, and are in the interests of Haon Automotive and all its shareholders. The specific situation is as follows:
I. Basic Information on This Issuance
(1) Types and Par Value of Issued Shares
The shares issued in this issuance are RMB ordinary shares (A shares) listed domestically, with a par value of RMB 1.00 per share.
(2) Number of Shares Issued
The total amount of funds raised from the issuance of shares to specific targets does not exceed RMB 1,045,939,100 (including the principal), all through the issuance of shares to specific targets. The final number of shares issued to specific targets is 29,412,698 shares, which does not exceed the proposed issuance quantity of 9,845,986 shares, and exceeds 70% of the proposed issuance quantity. The number of shares issued complies with the relevant regulations of the CSRC and the Shenzhen Stock Exchange (hereinafter referred to as "SZSE") and the issuance plan approved by the issuer's shareholders' meeting.
(3) Issuance Price
The pricing benchmark date for this issuance is the first day of the issuance period, which is May 14, 2026. The issuance price is not less than RMB 106.23 per share, which is not less than 80% of the average trading price of the company's A shares over the 20 trading days prior to the pricing benchmark date. The issuer and the lead underwriter determined the issuance price to be RMB 111.12 per share based on the subscription quotes from investors, strictly following the procedures and rules established in the "Subscription Invitation" (hereinafter referred to as "the Subscription Invitation"). The ratio of the issuance price to the lower limit price is 104.60%. The determination of the issuance price complies with the relevant regulations of the CSRC and SZSE and the issuance plan approved by the issuer's shareholders' meeting.
(4) Subscription Objects and Methods
The final subscription objects for this issuance are determined to be 13 investors, in compliance with the Registration Measures, Implementation Rules, and other relevant laws and regulations, as well as the resolutions of the issuer's shareholders' meeting regarding this issuance. Each subscription object subscribed for the shares in cash, with specific details as follows: