Core Viewpoint - The company has received approval from the China Securities Regulatory Commission to issue shares to specific investors for the purpose of acquiring a 68.59% stake in Yongyi Chemical Technology Co., Ltd. [1] Group 1 - The company has completed the transfer of the 68.59% stake in Yongyi Chemical Technology Co., Ltd., and now holds a total of 94.93% of the company's shares [2] - The total payment made for the acquisition of the 68.59% stake was 708.96 million yuan [2] - The company plans to conduct a special audit of the target assets' profit and loss during the transition period as part of the acquisition process [3]

证券代码：000707 证券简称：双环科技 公告编号：2025-036 湖北双环科技股份有限公司关于向特定对象 发行股票之标的资产过户完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 根据中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同 意湖北双环科技股份有限公司向特定对象发行股票注册的批复》（证监许可〔2025〕 1322 号），湖北双环科技股份有限公司（以下简称"公司"）获准向特定对象 发行股票的注册申请。具体内容详见公司 2025 年 6 月 27 日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的《关于申请向特定对象发行股票获得中国 证监会同意注册批复的公告》（公告编号：2025-030）。 根据本次发行股票的方案，公司本次向特定对象发行股票募集的资金用于收 购湖北长江产业现代化工有限公司、湖北省新动能产业投资基金合伙企业（有限 合伙）、湖北宜化集团有限责任公司、湖北科创宏泰零度高端制造业投资基金合 伙企业（有限合伙）、河南金山控股股份有限公司、湖北高诚澴锋创业投资有限 公司（以下简称"交易对手"）合计 ...

Group 1 - The latest stock price of Shuanghuan Technology is 6.68 yuan, with an increase of 0.06 yuan, representing a rise of 0.91% compared to the previous trading day [1] - The trading volume for the day was 72,034 hands, with a transaction amount of 48 million yuan [1] - The stock opened at 6.65 yuan, reached a high of 6.71 yuan, and a low of 6.60 yuan during the trading session [1] Group 2 - Shuanghuan Technology operates in the chemical raw materials industry and is a state-owned enterprise in Hubei Province, primarily engaged in the production and sales of chemical products such as soda ash and ammonium chloride [1] - The parent company, Yangtze River Industry Investment Group, is a significant industrial investment platform in Hubei Province and controls multiple listed companies [1] Group 3 - Recent news indicates that Xie Bin, a member of the Party Committee of Yangtze River Industry Investment Group, is under investigation for serious violations of discipline and law, currently undergoing disciplinary review and supervision by the Hubei Provincial Commission for Discipline Inspection and Supervision [1] - Xie Bin has previously participated in the management and supervision of the group's subsidiary companies [1] - Yangtze River Industry Investment Group currently holds controlling stakes in five listed companies, including Shuanghuan Technology [1] Group 4 - On the capital flow front, Shuanghuan Technology saw a net inflow of 3.1348 million yuan from main funds, accounting for 0.1% of its circulating market value [1] - Over the past five trading days, there has been a cumulative net outflow of 3.2019 million yuan [1]

Core Viewpoint - The legal opinion issued by Beijing Deheng Law Firm confirms that Hubei Shuanghuan Technology Co., Ltd. has complied with all necessary legal and regulatory requirements for its private placement of A-shares to specific investors in 2023 [3][4][17]. Group 1: Approval and Authorization - The company has obtained necessary approvals and authorizations for the issuance, including resolutions from the board of directors and shareholders regarding the non-public offering of A-shares [4][7]. - The issuance plan has been approved by the Shenzhen Stock Exchange and registered by the China Securities Regulatory Commission, allowing the company to issue up to 139,243,729 shares and raise a total of no more than 708.96 million yuan [6][7]. Group 2: Issuance Process and Compliance - The company sent out subscription invitations to qualified investors, which included details on subscription conditions, timelines, and pricing [8][11]. - The pricing for the shares was set at 5.88 yuan per share, based on the average trading price over the previous 20 trading days, and a total of 120,571,428 shares were issued, raising approximately 708.96 million yuan [10][11]. Group 3: Subscription and Investor Qualification - A total of 32 investors submitted valid subscription bids during the designated period, with the majority meeting the legal and regulatory requirements for participation [9][14]. - The investors included private equity funds and other qualified entities, all of which were verified to have the necessary qualifications to participate in the offering [16][17]. Group 4: Legal Documentation and Agreements - The company has signed subscription agreements with all participating investors, detailing the terms of the subscription, including pricing, quantity, and payment methods [11][12]. - The legal opinion confirms that all related documents, including the subscription invitation and agreements, are valid and comply with relevant regulations [17].

Core Points - The company, Hubei Shuanghuan Technology Co., Ltd., is conducting a private placement of A-shares to raise funds totaling approximately 708.96 million yuan, with a net amount of 700.91 million yuan after deducting issuance costs [5][9][28] - The issuance price is set at 5.88 yuan per share, which is 113.51% of the base price calculated from the average trading price over the previous 20 trading days [6][9] - The issuance has been approved by the China Securities Regulatory Commission and has completed all necessary decision-making and approval procedures [5][9] Issuance Overview - The issuance involves the offering of 120,571,428 shares to 17 specific investors, with the largest subscriptions coming from Hubei Shuanghuan Chemical Group Co., Ltd. and Changjiang Industrial Investment Group Co., Ltd. [7][9] - The shares will be listed on the Shenzhen Stock Exchange, with a par value of 1.00 yuan per share [5][9] - The lock-up period for shares subscribed by the major shareholders is set at 18 months, while other investors will have a lock-up period of 6 months [9][10] Fundraising Details - The total amount raised from the issuance is 708,959,996.64 yuan, with issuance costs amounting to 8,054,878.68 yuan [5][9] - The funds will be used for the company's operational and strategic initiatives, although specific projects have not been detailed in the report [9][10] Investor Participation - The issuance attracted a diverse group of investors, including private equity funds and asset management companies, ensuring a broad base of support [9][10] - All participating investors have confirmed their compliance with the relevant regulations and have undergone appropriate suitability assessments [25][26] Corporate Governance - The board of directors and senior management of the company have made declarations regarding the accuracy and completeness of the issuance report, taking legal responsibility for its contents [1][2] - The company has adhered to all necessary corporate governance practices throughout the issuance process, ensuring transparency and compliance with regulatory requirements [21][28]

Core Viewpoint - Hubei Shuanghuan Technology Co., Ltd. has completed the underwriting summary and related documents for the issuance of A-shares to specific targets, which have been filed and approved by the Shenzhen Stock Exchange [1] Group 1 - The company guarantees that the content of the information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions [1] - The company will proceed with the registration and custody of the newly issued shares in accordance with relevant regulations [1] - The report on the issuance of A-shares for the year 2023 and related documents have been disclosed on the Giant Tide Information Network for investors to review [1]

Group 1 - The company has established a special account for raised funds and signed a tripartite supervision agreement with the underwriter and the bank [1][2] - The total amount raised is approximately RMB 708.96 million, with a net amount of RMB 700.91 million after deducting issuance costs [2][3] - The special account is set up at Industrial Bank Co., Ltd. Wuhan Branch to manage the raised funds specifically for acquiring a 68.59% stake in Yingcheng Hongyi Chemical Technology Co., Ltd. [3][4] Group 2 - The tripartite supervision agreement stipulates that the special account can only be used for the designated acquisition and prohibits the use of funds for other purposes [3][4] - The company is required to notify the underwriter of any cash management products and ensure that these products do not affect the normal investment plans [4][5] - The underwriter has the right to conduct regular inspections and audits of the fund management and usage, ensuring compliance with relevant regulations [5][6]

Core Points - Hubei Shuanghuan Technology Co., Ltd. has received approval from the China Securities Regulatory Commission for its stock issuance to specific investors [1][7] - The issuance involves a total fundraising amount not exceeding 708.96 million yuan, with a share price set at 5.88 yuan per share [3][5] - The issuance process has been verified for compliance with relevant laws and regulations, ensuring fairness and transparency [19][20] Group 1: Issuance Details - The type of shares issued is domestic listed ordinary shares (A shares) with a par value of 1.00 yuan, listed on the Shenzhen Stock Exchange [2] - The pricing benchmark date is set as the first day of the issuance period, with the issuance price determined at 5.88 yuan per share, which is 113.51% of the base price [3][4] - The total number of shares to be issued is 120,571,428, with the total fundraising amount reaching 708,959,996.64 yuan [5][11] Group 2: Compliance and Approval - The issuance has undergone thorough scrutiny by the lead underwriters, CITIC Securities and Changjiang Securities, ensuring compliance with the Company Law and Securities Law [2][19] - The decision-making process for the issuance has been approved by the company's board and shareholders, fulfilling all necessary procedural requirements [6][8] - The lead underwriters confirmed that the issuance process, including pricing and allocation, adhered to the established guidelines and regulations [19][20] Group 3: Investor Participation - A total of 17 specific investors participated in the issuance, all of whom subscribed with cash and signed share subscription agreements [5][6] - The major shareholders, Hubei Shuanghuan Chemical Group Co., Ltd. and Changjiang Industrial Investment Group Co., Ltd., committed to subscribe for 60 million yuan and 140 million yuan respectively [4][5] - The subscription funds for all participating investors were verified to be sourced from their own or legally raised funds, ensuring compliance with regulatory requirements [20]

股票代码：000707 股票简称：双环科技 上市地点：深圳证券交易所 湖北双环科技股份有限公司 2023年度向特定对象发行A股股票 发行情况报告书 联席主承销商 二〇二五年八月 公司全体董事、监事、高级管理人员声明 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 任。 汪万新 张雷 武芙蓉 高亚红 骆志勇 鲁强 成协中 邓伟 马传刚 湖北双环科技股份有限公司 1 保荐人（联席主承销商） 2 全体董事签字： 年 月 日 3 4 5 7 公司全体董事、监事、高级管理人员声明 6 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 全体监事签字： 8 任。 黄剑 张明新 王彬 湖北双环科技股份有限公司 年 月 日 9 公司全体董事、监事、高级管理人员声明 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 除董事以外的高级管理人员签字： 张其军 万堤生 ...

北京德恒律师事务所 关于湖北双环科技股份有限公司 向特定对象发行股票 发行过程及认购对象合规性的 法律意见 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 | 释 义 2 | | --- | | 正 文 6 | | 一、本次发行的批准和授权 6 | | 二、本次发行过程和结果的合规性 8 | | 三、本次发行认购对象的合规性 12 | | 四、结论意见 14 | 北京德恒律师事务所 关于湖北双环科技股份有限公司 向特定对象发行股票发行过程及认购对象合规性的法律意见 释 义 除非文义另有所指，下列词语在本《法律意见》中具有下述含义： | 发行人、公司 | 指 | 湖北双环科技股份有限公司 | | | --- | --- | --- | --- | | 本次发行 | 指 | 发行人 2023 年度向特定对象发行 A 股股票 | | | 《认购邀请书》 | 指 | 《湖北双环科技股份有限公司向特定对象发行 A 股股 | | | | | 票认购邀请书》 | | | 《申购报价单》 | 指 | 《湖北双环科技股份有限公司向特定对 ...