LEO(SZ:002131) Zheng Quan Zhi Xing·2025-09-07 09:15Core Viewpoint - Liou Group Co., Ltd. has approved the issuance of H shares and plans to list on the Hong Kong Stock Exchange to enhance its global capital operations and brand recognition [1][2]. Group 1: Meeting Decisions - The board meeting was held on September 7, 2025, with all 7 directors present, and all resolutions were passed unanimously [1]. - The proposal for issuing H shares and listing on the Hong Kong Stock Exchange was approved with 100% votes in favor [2][3]. Group 2: Issuance and Listing Details - The H shares will be publicly issued and listed on the main board of the Hong Kong Stock Exchange [2]. - The shares will have a nominal value of RMB 1.00 each and will be subscribed in foreign currency [3]. - The timing of the issuance will be determined by the board based on market conditions and regulatory approvals [3][4]. Group 3: Issuance Scale and Pricing - The proposed issuance will not exceed 15% of the total share capital post-issuance, with an option for an additional 15% for over-allotment [4][5]. - The pricing will be determined through a roadshow and book-building process, considering market conditions and comparable company valuations [5]. Group 4: Fund Utilization - The funds raised will be used for AI infrastructure development, enhancing manufacturing technology, global expansion, and operational funding [10]. Group 5: Governance and Compliance - The company will amend its articles of association and internal governance rules to comply with the requirements for H share companies [24][27]. - The board is authorized to handle all matters related to the H share issuance and listing, including regulatory communications and document submissions [13][24].