Core Viewpoint - The company has decided to terminate its 2022 non-public offering of A-shares due to changes in internal and external environments, prioritizing the interests of all shareholders [1] Group 1: Termination of Previous Offering - The company’s board and management have actively pursued the non-public offering since its announcement, but have now agreed to terminate it after careful analysis [1] - The decision to terminate was made with a unanimous vote of 3 in favor, with no opposition or abstentions [1] Group 2: New Offering Proposal - The company has confirmed its compliance with regulations for issuing A-shares to specific investors, with a unanimous vote of 3 in favor [2] - A proposal for a new offering of A-shares in 2025 has been prepared, with the shares to be issued at a price of 6.96 RMB per share, which is not less than 80% of the average trading price over the previous 20 trading days [3][4] - The total number of shares to be issued will not exceed 71,839,080 shares, representing 13.94% of the company’s total share capital prior to the issuance [4] Group 3: Fundraising and Usage - The total amount to be raised from the new offering is capped at 500 million RMB, with the net proceeds intended to supplement working capital [4] - The shares acquired in this offering will be subject to an 18-month lock-up period [5] Group 4: Related Transactions and Commitments - The offering involves a related transaction as the shares will be fully subscribed by a wholly-owned subsidiary of the company’s controlling shareholder [9] - The company has committed to measures to mitigate the dilution of immediate returns for existing shareholders due to this offering [10] Group 5: Governance and Compliance - The company has revised its fundraising management measures to enhance governance and compliance with relevant laws and regulations [10]

Core Viewpoint - Jiangsu Hengli Hydraulic Co., Ltd. successfully completed a non-public offering of 35,460,992 shares at a price of 56.40 RMB per share, raising a total of approximately 1.99 billion RMB in net funds [1][2]. Group 1: Company Overview - Jiangsu Hengli Hydraulic Co., Ltd. was established on June 2, 2005, with a registered capital of 1,340,820,992 RMB [1]. - The company specializes in the research, production, and technical support of high-pressure cylinders, hydraulic components, hydraulic systems, high-pressure plunger pumps and motors, high-pressure hydraulic valves, and precision castings [1]. Group 2: Sponsorship and Supervision - China International Capital Corporation (CICC) served as the sponsor for Hengli Hydraulic's non-public offering and is responsible for ongoing supervision [1][2]. - The sponsorship period for the non-public offering will conclude on December 31, 2024, and CICC will continue to oversee the remaining use of raised funds [4]. Group 3: Due Diligence and Compliance - During the due diligence phase, CICC conducted thorough investigations and prepared necessary documentation in compliance with regulations set by the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange [2]. - Throughout the ongoing supervision phase, Hengli Hydraulic adhered to legal and regulatory requirements, ensuring timely and accurate information disclosure [3]. Group 4: Fund Management - The company has complied with regulations regarding the management of raised funds, maintaining dedicated accounts for storage and specific usage [3]. - As of December 31, 2024, there are still some unutilized funds from the raised capital, and CICC will continue to monitor their usage [4].