Huitong Technology's five shareholders plan to reduce their holdings. The company was listed a year ago at its peak, with Shenwan Hongyuan acting as the sponsor.

2026-03-29 00:52:22

China Economic Net, Beijing, March 24 — Huitong Technology (301601.SZ) announced last night that the company recently received notification letters regarding the share reduction plans from shareholders Liu Rongjun, Shi Ping, Jiangsu Qichuan Gaotou Yida Chemical New Materials Venture Capital Partnership (Limited Partnership) (hereinafter referred to as “Yida Chemical”), Jiangsu Yida Xinhai Venture Capital Fund (Limited Partnership) (hereinafter referred to as “Yida Xinhai”), and Jiangsu Chancai Integration Venture Capital Phase Five Fund (Limited Partnership) (hereinafter referred to as “Chancai Integration Phase Five”).

Shareholder Liu Rongjun, who holds 7,200,000 shares of the listed company (accounting for 5.13% of the total share capital), plans to reduce his holdings by no more than 1,000,000 shares (accounting for 0.71% of the total share capital of the listed company) through centralized bidding (including after-hours pricing, the same below) within three months after the 15 trading days from the date of the announcement (from April 15, 2026, to July 14, 2026).

Shareholder Shi Ping, who holds 7,200,000 shares of the listed company (accounting for 5.13% of the total share capital), plans to reduce his holdings by no more than 1,000,000 shares (accounting for 0.71% of the total share capital of the listed company) through centralized bidding (including after-hours pricing, the same below) within three months after the 15 trading days from the date of the announcement (from April 15, 2026, to July 14, 2026).

Yida Chemical, Yida Xinhai, and Chancai Integration Phase Five are shareholders prior to the company’s initial public offering, collectively holding 8,000,000 shares of the listed company (accounting for 5.69% of the total share capital). Yida Chemical, Yida Xinhai, and Chancai Integration Phase Five form a concerted action relationship and will disclose information according to the relevant rules for concerted actions during the share reduction.

Yida Chemical, Yida Xinhai, and Chancai Integration Phase Five plan to reduce their holdings in the listed company by no more than 4,916,800 shares (accounting for 3.5% of the total share capital) through centralized bidding and block trading within three months after the 15 trading days from the date of the announcement (from April 15, 2026, to July 14, 2026). Yida Chemical, Yida Xinhai, and Chancai Integration Phase Five have submitted a policy filing application through the Asset Management Association of China and comply with the relevant provisions of the “Special Regulations on Share Reductions by Shareholders of Venture Capital Funds of Listed Companies” and the “Implementation Rules for Share Reductions by Shareholders of Venture Capital Funds of Listed Companies” of the Shenzhen Stock Exchange. Among them, for reductions through centralized bidding, the total number of shares reduced within any 60 consecutive calendar days shall not exceed 1% of the total shares of the listed company; for reductions through block trading, the total number of shares reduced within any 60 consecutive calendar days shall not exceed 2% of the total shares of the listed company.

According to calculations, Liu Rongjun, Shi Ping, Yida Chemical, Yida Xinhai, and Chancai Integration Phase Five plan to collectively reduce their holdings in the listed company by no more than 6,916,800 shares, accounting for 4.92% of the total share capital of the listed company.

As of the last trading day before the pre-disclosure announcement of the share reduction, which is March 23, 2026, Huitong Technology closed at 23.18 yuan per share. Based on this, the expected amount for the above-mentioned shareholders’ reduction is approximately 160 million yuan.

According to Huitong Technology’s disclosed 2024 annual report, Liu Rongjun is a director of the company, and Shi Ping is a director and vice general manager of the company.

Huitong Technology was listed on the Shenzhen Stock Exchange’s Growth Enterprise Market on January 15, 2025, with a public offering of 35,120,000 shares at an issuance price of 11.80 yuan per share. The sponsoring institution is Shenwan Hongyuan Securities Underwriting and Sponsoring Co., Ltd., with sponsoring representatives Zhang Xingzhong and Tang Wei.

On the first day of listing, Huitong Technology reached a peak intraday price of 60.00 yuan, which is the highest price since the stock was listed.

The total amount of funds raised by Huitong Technology through its initial public offering was 414.416 million yuan, and the actual net amount raised after deducting issuance expenses was 353.7179 million yuan. The final net amount raised was 48.7421 million yuan less than the original plan. Huitong Technology’s prospectus disclosed on January 10, 2024, shows that the company intends to raise 402.46 million yuan for the intelligent upgrade technical transformation project of high-end chemical equipment production lines and the technology research and development center (Huitong Research Institute) project.

The total issuance expenses for Huitong Technology’s initial public offering (excluding value-added tax) were 60.6981 million yuan, of which the sponsorship and underwriting fees amounted to 33.2315 million yuan.

(责任编辑：马欣)

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