Beite technology’s A-share issuance approved by Shanghai Stock Exchange

Shanghai Beite Technology Group Co., Ltd. announced that its application for a non-public issuance of A-shares under a simplified procedure in 2025 has been approved by the Shanghai Stock Exchange on December 11, 2025. This approval signifies that the application meets the issuance conditions, listing conditions, and information disclosure requirements. The proposed issuance aims to raise up to 300,000,000 yuan, primarily for the first phase of its Thailand ball screw production base project, which is projected to have an annual output of 800,000 sets of planetary roller screws.

The company's board of directors, including chairman Jin Kun, affirmed their commitment to ensuring the effective implementation of measures to mitigate dilution of immediate returns. The issuance involves 11 specific investors, including Nord Fund Management Co., Ltd. and Caitong Fund Management Co., Ltd., who will subscribe for shares at 37.59 yuan per share, totaling 7,980,845 shares. This issuance still requires registration approval from the China Securities Regulatory Commission before it can be fully implemented.