HSST(SZ:000707) Zheng Quan Zhi Xing·2025-08-05 16:20Core 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].