BOE Huacan Optoelectronics Revises Fixed-increase Plan

On the evening of July 16, BOE Huacan Optoelectronics disclosed the revised announcement of the private placement plan and the revised draft of the private placement plan, making adjustments to the issuance price, pricing base date and issuance quantity. This private placement will be subscribed in full cash by the controlling shareholder Tokyo Oriental. The total amount of funds raised will not exceed 998 million yuan. After deducting issuance expenses, all of it will be used to supplement working capital.

BOE Huacan Optoelectronics said that the company held the 23rd meeting of the sixth board of directors on July 15, 2026, reviewed and approved relevant proposals, and made adjustments to this plan to issue shares to specific targets.

After the adjustment, the pricing base date for this issuance was adjusted from the announcement date of the board resolution to the first day of the issuance period, the issuance price was adjusted from "10.19 yuan/share" to "not less than 80% of the average trading price of the company's stock in the 20 trading days before the pricing base date"; the issuance quantity was adjusted from "not to exceed 97, 939,156 shares, not exceeding 30% of the company's total share capital before this issuance" was adjusted to "the number of issuances is determined according to the total amount of funds raised divided by the issuance price, and the number of issuances shall not exceed 97,939,156 shares, and shall not exceed 30% of the company's total share capital before this issuance."

Except for the above adjustments, other matters of the company's plan to issue shares to specific targets have not changed. Relevant matters have been reviewed and approved by the board of directors and shareholders' meeting and approved by state-owned assets supervision agencies. They still need to be reviewed and approved by the Shenzhen Stock Exchange and approved by the China Securities Regulatory Commission for registration.

According to the plan, the target of this issuance of stocks is the company's controlling shareholder Tokyo Oriental, which intends to fully subscribe for the shares in this issuance in cash, and this issuance constitutes a related transaction. The pricing base date for this issuance is the first day of the issuance period. The price of this issuance of stocks to specific objects shall not be lower than 80% of the average trading price of the company's stocks in the twenty trading days before the pricing base date.