Hai Mu Xing abandons the 15 million yuan capital increase with priority subscription rights in the associated company, reducing the shareholding ratio to 37.14%.

[Financial News] On March 25th, Haimuxing Laser Technology Group Co., Ltd. (Stock code: 688559, Stock abbreviation: Haimuxing) announced the resolution of the 23rd meeting of the third board of directors, declaring the abandonment of the preemptive subscription rights for capital increase in its equity participation company, Guangxian Technology(Guangdong)Limited (hereinafter referred to as “Guangxian Technology”).

According to the announcement, Guangxian Technology plans to introduce new investors through a capital increase and share expansion, specifically Shenzhen Guohua Optoelectronics Technology Co., Ltd. The total amount of this capital increase is 15 million RMB, including 3 million RMB in cash and intellectual property valued at 12 million RMB based on an appraisal, all of which will be used to subscribe for Guangxian Technology’s newly increased registered capital of 15 million RMB, at a price of 1 RMB per registered capital.

As an original shareholder of Guangxian Technology, Haimuxing has decided to waive its preemptive subscription rights for this capital increase. After the capital increase, the company’s shareholding ratio in Guangxian Technology will decrease from 40.6250% to 37.1429%. The announcement clearly states that this equity dilution will not affect the scope of the company’s consolidated financial statements.

The board meeting was held on March 25, 2026, via a combination of on-site and telecommunication methods. There were 9 directors present out of 9. The resolution was approved with 8 votes in favor, 0 against, 0 abstentions, and 1 abstention due to a conflict of interest, with Director Guofu Zhou(Zhou Guofu) recusing himself from the vote. The proposal had previously been reviewed and approved by the company’s independent directors’ special meeting.

Haimuxing stated that waiving this preemptive subscription right is based on the company’s overall development strategy and the needs of Guangxian Technology’s business development. For detailed information about this transaction, investors can refer to the “Announcement on Waiving the Priority Subscription Rights of the Equity Participation Company and Co-Investment with Related Parties” published by the company on the same day on the Shanghai Stock Exchange website.

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Editor: Xiaolang Kuaibao