Huamao Technology delays response to SSE inquiry on acquisition plans

Huamao (Xiamen) New Technical Materials Co., Ltd. has applied for an extension to respond to an audit inquiry letter from the Shanghai Stock Exchange (SSE). The inquiry concerns its application to issue shares and pay cash to acquire assets, raise supporting funds, and related transactions. The company received the letter on November 7, 2025.

The proposed transaction involves acquiring 9.93% of Shenzhen Fuchuang Yueyue Technology Co., Ltd., 100% of Shenzhen Yinrui Technology Co., Ltd., and 100% of the capital contributions of Shenzhen Fuchuang Yueyue No. 1, No. 2, and No. 3 Enterprise Management Partnerships. Additionally, Huamao Technology plans to issue shares to Dongyang Huasheng Enterprise Management Partnership to raise supporting funds.

Due to complexity and the need for further implementation of certain matters, Huamao Technology anticipates being unable to submit a complete written response and related documents within the initial one-month period. The company requested and was granted an extension of up to one month from the original deadline. The transaction is still subject to SSE review and registration approval by the China Securities Regulatory Commission (CSRC), with approval timing uncertain.