Dahua Technology spins off Huirui Technology for Hong Kong listing

Zhejiang Dahua Technology (Dahua Technology) has announced a spin-off and separate listing of its subsidiary, Zhejiang Huirui Technology, on the Main Board of the Stock Exchange of Hong Kong Limited. This decision, approved by the board of directors on November 17, 2025, aims to bolster Huirui Technology’s capital strength and financing channels, enhancing its comprehensive competitiveness.

According to independent financial adviser China International Capital Corporation Limited, and Beijing Grandway Law Offices, the spin-off complies with all relevant laws and regulations, including the "Spin-off Rules." It is deemed beneficial for safeguarding the legitimate interests of Dahua Technology's shareholders and creditors, maintaining the independence and continuous operating capacity of the listed company after the spin-off, and ensuring Huirui Technology’s regulatory compliance. Auditor Lixin Certified Public Accountants also affirmed that the spin-off meets the criteria for listed company spin-offs.

Dahua Technology confirmed its compliance with the "Spin-off Rules" by meeting profitability requirements, not exceeding limits on net profit and net assets from the spun-off entity, and ensuring no major related party transactions or competition. The company also reported that its stock price fluctuation did not exceed 20% within the 20 trading days prior to the board resolution, after excluding market and industry factors.