Huamao Technology's Share-Issuance Asset Purchase Hits Review Suspension

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Summary · why it matters

Huamao Technology announced on the evening of September 30 that it had received a notice from the Shanghai Stock Exchange suspending review of its share and cash issuance to purchase assets and raise supporting funds, as well as the related-party transaction, due to updates to financial data and appraisal information in its filing documents. The company plans to acquire a 9.93% stake in Fuchuang Youyue and assets including Yinrui Technology. Because the audited financial data and appraisal report expired on September 30, 2026, the company applied to suspend the review and is advancing supplementary audits, appraisals, and document updates. The suspension will not have a material adverse impact on the transaction, and the company's operations remain normal. It is reported that on September 30, 2025, the company disclosed an announcement stating its plan to purchase, through share issuance and cash payment, a 9.93% stake in Shenzhen Fuchuang Youyue Technology Co., Ltd., a 100% stake in Shenzhen Yinrui Technology Co., Ltd., 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 1 Enterprise Management Partnership, 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 2 Enterprise Management Partnership, and 100% of the capital contribution shares in Shenzhen Fuchuang Youyue No. 3 Enterprise Management Partnership. At the same time, it plans to issue shares to its controlling shareholder, Dongyang Huasheng Enterprise Management Partnership, to raise supporting funds. The latest announcement shows that over the past year, the Shanghai Stock Exchange has temporarily suspended review of the company's transaction several times because financial data had expired and needed to be resubmitted. Huamao Technology stated that the suspension will not have a material adverse impact on the transaction, the company's operations are normal, and the company and relevant intermediaries are actively advancing supplementary audits, supplementary appraisals, and updates to application document data. Once this work is completed, the company will submit updated application materials to the Shanghai Stock Exchange as soon as possible and promptly apply to resume the review. Huamao Technology is mainly engaged in the research, development, production, and sales of automotive passive safety components. In the first half of 2026, the company achieved operating revenue of 1.091 billion yuan, a year-on-year decrease of 1.53%, and net profit attributable to the parent company of 23.2857 million yuan, a year-on-year decrease of 82.95%.

Impact on assets 3

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Off-coverage companies 6

富创优越Private± Mixed
Capitalrelevance

Fuchuang Youyue is a key acquisition target in the suspended share-issuance asset purchase, with review paused pending updated audits and appraisals.

洇锐科技Private± Mixed
Capitalrelevance

Yinrui Technology is one of the acquisition targets whose share-issuance purchase review was suspended by the SSE due to expired financial data.

东阳华盛企业管理合伙企业(有限合伙)Private± Mixed
Capitalrelevance

Dongyang Huasheng, the controlling shareholder, is slated to subscribe to supporting funds via share issuance in the suspended transaction.

深圳市富创优越叁号企业管理合伙企业(有限合伙)Private± Mixed
Capitalrelevance

Fuchuang Youyue No. 3 Partnership is among the assets to be acquired in the suspended share-issuance transaction.

深圳市富创优越壹号企业管理合伙企业(有限合伙)Private± Mixed
Capitalrelevance

Fuchuang Youyue No. 1 Partnership is among the assets to be acquired in the suspended share-issuance transaction.

深圳市富创优越贰号企业管理合伙企业(有限合伙)Private± Mixed
Capitalrelevance

Huamao Technology's share-issuance acquisition of this partnership stake is part of the transaction whose regulatory review was suspended pending updated financial data.