HONTRON(SZ:002379) Zheng Quan Zhi Xing·2025-05-22 14:13Core Viewpoint - The company plans to issue shares to acquire 100% equity of Shandong Hongtuo Industrial Co., Ltd. from several investors, marking a significant asset restructuring that does not constitute a reverse listing [2][4]. Summary of Relevant Sections Transaction Overview - The transaction involves the issuance of shares at a price of 5.34 yuan per share, which is 80% of the average trading price over the last 120 trading days prior to the announcement [2]. - The transaction is classified as a related party transaction since Weiqiao Aluminum Electric, the target company, is a wholly-owned subsidiary of the company's controlling shareholder, Shandong Hongqiao New Materials Co., Ltd. [2]. Shareholder Equity Changes - Before the transaction, Shandong Hongqiao held 22.98% of the company's shares, which will decrease to 2.00% post-transaction, while Weiqiao Aluminum Electric will hold 86.98% of the shares, becoming the new controlling shareholder [3][4]. - The total share capital of the company will increase to 13,031,118,202 shares after the transaction [4]. Other Shareholders - The shareholding structure post-transaction will include several other investors, with their respective holdings detailed, such as: - Jiahuai Investment: 0.77% - Dongfang Asset Management: 0.72% - CITIC Financial Asset Management: 0.72% - Other shareholders will hold 6.72% [3][4]. Regulatory Compliance - The transaction is subject to multiple approval processes, including the company’s shareholders' meeting, Shenzhen Stock Exchange review, and registration approval from the China Securities Regulatory Commission [4].