Zheng Quan Zhi Xing·2025-09-03 16:18Summary of Key Points Core Viewpoint - The report outlines the process and compliance of the share transfer of Shaanxi Huayin Technology Industrial Co., Ltd. to specific institutional investors through a price inquiry method, ensuring adherence to relevant regulations and fairness in the transaction [1][13]. Group 1: Overview of the Share Transfer - The share transfer involves a maximum of 11,665,941 shares, with specific shareholders including Ningbo Huayin Wansheng Investment Partnership and others participating in the transfer [1]. - The shareholding structure as of August 27, 2025, indicates various shareholders with specific percentages of total share capital, such as Luo Fa holding 2,725,707 shares (1.00%) and Bai Hongyan holding 4,088,560 shares (1.50%) [1][2]. Group 2: Pricing and Transfer Method - The price floor for the share transfer is set at no less than 70% of the average trading price over the previous 20 trading days prior to the inquiry date [2]. - The pricing determination follows a competitive bidding process, prioritizing subscription price, subscription quantity, and the time of receipt of subscription forms [3][4]. Group 3: Transfer Process and Compliance - A total of 132 institutional investors were invited to participate in the inquiry, including various types of investment firms [5]. - The inquiry process received 42 valid subscription forms, leading to the initiation of an additional subscription process due to high demand [6]. - The final transfer price was determined to be 56.30 yuan per share, resulting in a total transaction amount of approximately 656.79 million yuan [6][7]. Group 4: Verification of Participants - The report confirms that both the transferors and transferees meet the qualifications set forth in the relevant regulations, ensuring no conflicts of interest or violations of share transfer rules [11][12]. - The participating institutional investors are verified to have the necessary pricing capabilities and risk tolerance, complying with the guidelines for institutional investors [11][12]. Group 5: Conclusion - The inquiry transfer process is deemed legal and compliant with various laws and regulations, ensuring a fair and just outcome for all parties involved [13].