Mei Ri Jing Ji Xin Wen·2025-05-12 14:02Group 1 - The core point of the news is that Zhaowei Electromechanical plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance governance and competitiveness while also announcing a share reduction plan by a major shareholder [4][7]. - Zhaowei Electromechanical announced that a shareholder plans to reduce their stake by up to 3.6 million shares, which is 1.50% of the total share capital, within three months after a 15 trading day period from the announcement [2]. - The company was established in 2001 and specializes in micro-drive system solutions, headquartered in Shenzhen, Guangdong, with a registered capital of over 230 million yuan [2]. Group 2 - The company held board and supervisory meetings on April 3, where it approved the proposal for issuing H-shares and listing on the Hong Kong Stock Exchange [7]. - Zhaowei Electromechanical will consider the interests of existing shareholders and market conditions when determining the timing for the issuance and listing, with a decision to be made within 24 months of the board's approval [7]. - The company has appointed Ernst & Young as the auditing firm for the H-share issuance and listing process, although specific details regarding the issuance are yet to be finalized [7].