HMT advances acquisition, announces convertible bond interest payment

HMT (Xiamen) New Technical Materials Co., Ltd. (HMT) is proceeding with its acquisition of a 57.84% stake in Shenzhen Fuchuang Youyue Technology Co., Ltd. through a combination of share issuance and cash payments. This transaction, which includes a private placement of supporting funds, is classified as a significant asset restructuring and a connected transaction. The company has been regularly updating the market on the progress of due diligence, auditing, and valuation activities.

Concurrently, HMT announced the second-year interest payment for its convertible bonds, "HMT Convertible Bonds," due on September 15, 2025. Bondholders registered by September 12, 2025, will receive an interest payment of 0.50 yuan (pre-tax) per 100 yuan face value bond, reflecting a 0.50% annual coupon rate.

The acquisition of Fuchuang Youyue will be executed through a series of direct and indirect share and cash purchases from multiple stakeholders. The overall transaction requires various approvals, including from HMT’s board, shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission.