Stock Code: 301489 Stock Abbreviation: Siquan New Material
Guangdong Siquan New Material Co., Ltd.
(No. 362 Qishi Huanzhen Road, Qishi Town, Dongguan City, Guangdong Province)
2025 Prospectus for Issuance of Shares to Specific Targets
(Registration Draft)
Sponsor (Lead Underwriter)
Great Wall Securities Co., Ltd.
(10-19th Floor, South Tower, Energy Building, No. 2026 Jintian Road, Futian Street, Futian District, Shenzhen)
May 2026
Declaration
The Company and all directors and senior management warrant that this prospectus and other information disclosure materials do not contain any false records, misleading statements, or material omissions, and assume corresponding legal liability for their 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 institution guarantee that the financial and accounting information in this prospectus is true and complete.
Any decision or opinion made by the CSRC or the Shenzhen Stock 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 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 reminds investors to carefully read the full text of this prospectus before making investment decisions and to pay special attention to the following important matters.
I. Overview of the Issuance
(I) The relevant matters for this issuance of shares to specific targets have been reviewed and approved at the second meeting of the fourth Board of Directors and the second extraordinary general meeting of 2025. It has been reviewed and approved by the Shenzhen Stock Exchange and can only be implemented after registration with the CSRC.
(II) The targets for this issuance of A-shares are no more than 35 (inclusive) specific investors, including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors (QFII), RMB qualified foreign institutional investors (RQFII), and other legal persons, natural persons, or other qualified investors that meet the requirements of the CSRC. Among them, securities investment fund management companies, securities companies, QFIIs, and RQFIIs that subscribe with two or more products under their management are considered as one target. Trust companies acting as targets can only subscribe with their own funds. All targets shall subscribe for the shares in this issuance in cash.
The targets for this issuance have not yet been determined. The final targets will be determined by the Board of Directors within the scope of authorization by the general meeting of shareholders, in accordance with relevant laws, administrative regulations, departmental rules, and normative documents, based on the bidding results and in consultation with the sponsor (lead underwriter) after the Company obtains the CSRC's decision to approve the registration. If there are new national laws or regulations regarding the targets of private placements, the Company will make adjustments accordingly.
(III) The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the Company's shares for the 20 trading days preceding the pricing benchmark date. Average trading price for the 20 trading days = total trading volume for the 20 trading days / total trading amount for the 20 trading days.