Huafeng Test & Control sets share transfer price at 162.82 yuan per share

Following an inquiry process completed on December 15, 2025, Beijing Huafeng Test & Control Technology Co., Ltd. has set the preliminary transfer price for its shares at 162.82 yuan per share. This decision reflects the outcomes of an inquiry from institutional investors.

The inquiry attracted bids from 19 institutional investors, including fund management companies, qualified foreign institutional investors, private equity firms, and brokerage firms. These investors collectively offered to subscribe for 3,420,000 shares, resulting in an effective subscription multiple of 2.52 times the available shares.

The company has successfully secured full subscription for the shares intended for transfer. As a result, 11 institutional investors have been provisionally selected to acquire a total of 1,355,333 shares. This initial result is preliminary and subject to final confirmation by the China Securities Depository and Clearing Corporation Limited (Shanghai Branch). The transfer is not expected to alter the company's control or governance structure.