Core Viewpoint - The company has decided to extend the implementation period of certain fundraising projects, specifically the "large aircraft windshield project," to June 30, 2027, due to actual construction progress and external factors [4][7]. Fundraising Overview - The company successfully raised a total of RMB 710.91 million by issuing 90 million shares at RMB 78.99 per share, with a net amount of RMB 689.56 million after deducting related expenses [1]. - All raised funds have been deposited into a special account approved by the board of directors, and agreements have been signed with the underwriter and the bank [2]. Investment Project Status - As of December 31, 2024, the total planned investment for fundraising projects is RMB 362.22 million, with RMB 131.78 million (36.38%) utilized [3]. - The "large aircraft windshield project" has utilized RMB 2.20 million of the raised funds, with an additional RMB 0.46 million contracted but not yet paid [4]. Reasons for Project Extension - The extension of the "large aircraft windshield project" is based on the need for additional research and development, including the acquisition of 20 new trial production devices and further design and testing work [4][5]. - The project aims to achieve self-sufficiency in large aircraft windshield materials and manufacturing technology, addressing national industrial policy needs and market opportunities [6]. Re-evaluation of Project Necessity and Feasibility - The project is deemed necessary for the company's strategic development and aligns with national policies, ensuring the independence of large aircraft windshield production [6]. - The company has a solid technical foundation from previous research, making the project feasible and beneficial for the domestic aviation industry [6]. Impact of Project Extension - The extension will not alter the investment content, total investment amount, or implementation entity of the project, ensuring no adverse effects on the company's normal operations [7]. - The decision aligns with the company's long-term development strategy and complies with relevant regulations [8]. Review Procedures - The board of directors and the supervisory board have approved the extension, confirming that it aligns with the company's operational plans and does not harm shareholder interests [7][8].

Core Viewpoint - The company, Hangyu Technology, announced a share reduction plan by its controlling shareholder, Shandong Huaigu, to introduce strategic investors and optimize its equity structure while ensuring no change in control [1][2]. Group 1: Share Reduction and Strategic Cooperation - Shandong Huaigu plans to reduce its holdings by up to 2,955,870 shares, representing 2.00% of the total share capital, through block trading within three months after a 15-day notice period [1]. - The company has signed a strategic cooperation memorandum with Sichuan Development Leading Capital Management, which intends to acquire shares from Shandong Huaigu and commit to a 12-month lock-up period [1]. Group 2: Shareholding Structure and Financials - As of the announcement date, Shandong Huaigu holds 32,512,355 shares, accounting for 22.00% of the total share capital, all of which are tradable shares [2]. - Hangyu Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 5, 2021, with an initial issuance of 35 million shares at a price of 11.48 yuan per share, raising a total of 401.80 million yuan [2][3]. Group 3: Fundraising and Financial Performance - The company aimed to raise 700 million yuan for projects including the construction of a precision manufacturing industrial park for special alloy rings and to supplement working capital, but the actual net fundraising was 348.64 million yuan, falling short by 35.14 million yuan [2][3]. - In 2022, the company raised approximately 149.99 million yuan through a private placement of shares at 43.25 yuan per share, with a net amount of 146.49 million yuan after expenses [4]. - The total amount raised by Hangyu Technology from three fundraising events is approximately 1.219 billion yuan [5]. Group 4: Dividend Distribution - As of the announcement date, the company has a total share capital of 147,793,515 shares and plans to distribute a cash dividend of 2.20 yuan per 10 shares and a capital reserve conversion of 3 shares for every 10 shares held [6].

Core Viewpoint - Guizhou Hangyu Technology Development Co., Ltd. announced its 2024 annual profit distribution and capital increase plan, which includes a cash dividend of 0.22 RMB per share and a capital increase of 0.30 shares for every share held [1][2][3]. Distribution and Capital Increase Plan - The profit distribution and capital increase plan was approved at the company's annual general meeting on April 28, 2025 [2]. - The total number of shares for distribution is based on the total share capital minus shares held in the company's repurchase account, resulting in a base of 147,040,730 shares [3]. - The company plans to distribute a total cash dividend of 32,348,960.60 RMB and increase capital by 44,112,219 shares [3][7]. Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net cash dividend of 0.22 RMB per share [4][5]. - For shares held for less than one year, the tax treatment varies, with a 20% tax on dividends for shares held for one month or less [5][6]. Share Structure Changes - The total share capital will increase from 147,793,515 shares to 191,905,734 shares after the capital increase [7][9]. - The diluted earnings per share for the fiscal year 2024 is projected to be 1.00 RMB based on the new total share capital [7].

Group 1 - The core point of the announcement is that the company has decided not to exercise the early redemption rights of the "Huangyu Convertible Bonds" despite triggering the conditional redemption clause due to stock price performance [3][9][15] - The board meeting was held on April 2, 2025, with all five directors present, and the decision was made unanimously [2][5] - The company will not exercise the early redemption rights for the next six months, from April 3, 2025, to October 2, 2025, even if the redemption conditions are met again [3][9][16] Group 2 - The "Huangyu Convertible Bonds" were issued for a total of 666.7 million yuan, with a maturity of six years and a conversion price of 32.64 yuan per share [10][12] - The conditional redemption clause was triggered as the company's stock price closed at or above 130% of the conversion price for at least 15 trading days within a 30-day period [9][15] - The board will reconvene to decide on the redemption rights if the conditions are triggered again after October 3, 2025 [3][16]

Group 1 - The board of directors of Guizhou Hangyu Technology Development Co., Ltd. held its 26th meeting on April 2, 2025, with all five directors present and in compliance with legal regulations [1][2] - The board approved the proposal not to redeem the "Hangyu Convertible Bonds" early, as the stock price met the conditions for conditional redemption [1][2] - The decision was made to treat all investors fairly, considering the company's fundamentals, stock price trends, and market conditions, with confidence in the company's long-term development [2] Group 2 - The company will not exercise the early redemption rights for the "Hangyu Convertible Bonds" for the next six months, from April 3, 2025, to October 2, 2025, even if the redemption conditions are triggered again [2] - The first trading day for recalculating the redemption conditions will be October 3, 2025, and the board will reconvene if the conditions are met again [2] - The voting results for the proposal were unanimous, with 5 votes in favor and none against or abstaining [2]