Wanwei Hi-Tech announced that the company previously disclosed that it intends to issue A-shares to specific targets. Due to the strategic restructuring of Hailuo Group and Wanwei Group, the Provincial Investment Group and the Provincial State Control Group each acquired 7.50% of the company's shares through a free transfer of state-owned shares. As a result, the controlling shareholder of Huaan Securities, the controlling shareholder of Huaan Securities, the fixed sponsor, holds more than 7% of the company's shares, and Huaan Securities no longer has independent sponsorship qualifications. After full communication with all parties, in order to protect the interests of all shareholders, the company decided to terminate the issuance of A-shares to specific targets in 2026 and plans to withdraw the application documents from the Shanghai Stock Exchange. In the future, the company will select and hire a new sponsor as soon as possible and once again launch the targeted issuance application process.

Wanwei Hi-Tech announced that the company previously disclosed that it intends to issue A-shares to specific targets. Due to the strategic restructuring of Hailuo Group and Wanwei Group, the Provincial Investment Group and the Provincial State Control Group each acquired 7.50% of the company's shares through a free transfer of state-owned shares. As a result, the controlling shareholder of Huaan Securities, the controlling shareholder of Huaan Securities, the fixed sponsor, holds more than 7% of the company's shares, and Huaan Securities no longer has independent sponsorship qualifications. After full communication with all parties, in order to protect the interests of all shareholders, the company decided to terminate the issuance of A-shares to specific targets in 2026 and plans to withdraw the application documents from the Shanghai Stock Exchange. In the future, the company will select and hire a new sponsor as soon as possible and once again launch the targeted issuance application process.