Sinoma Science & Technology updates share issuance plan after exchange queries

Sinoma Science & Technology Co., Ltd. announced it has updated its application documents for a non-public issuance of A-shares to specific targets for 2025. This includes a reply to an audit inquiry letter and a revised offering memorandum. The company received the audit inquiry letter from the Shenzhen Stock Exchange on December 2, 2025, and submitted its comprehensive reply on December 13, 2025. This issuance aims to raise up to RMB 448,114.92 million, primarily allocated to two specialty fiber fabric projects and the repayment of state appropriations.

The offering includes two key projects: a 3,500 tons/year low dielectric constant fiber fabric project and a 2,400 tons/year ultra-low loss low dielectric constant fiber fabric project. China United Cement Investment Co., Ltd., a related party, intends to subscribe for RMB 82,014.92 million. The share issuance, with a pricing benchmark set for the first day of the offering period, will not be less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date, nor below the net asset per share attributable to ordinary shareholders of the parent company as of the end of the latest audited period.

The issuance remains subject to approval by the Shenzhen Stock Exchange and registration with the China Securities Regulatory Commission. The company's controlling shareholder, China National Building Material Co., Ltd., and the ultimate controlling party, China National Building Material Group Co., Ltd., have affirmed that the offering will not alter their controlling stakes, nor will it lead to new significant competition.