Announcement • Jul 01
Optics Technology Holding Co.,Ltd to Report First Half, 2026 Results on Aug 29, 2026 Optics Technology Holding Co.,Ltd announced that they will report first half, 2026 results on Aug 29, 2026 Announcement • Jun 10
Optics Technology Holding Co.,Ltd Approves Election of Liu Guangmin as Independent Director Optics Technology Holding Co.,Ltd held its 2nd Extraordinary General Meeting of 2026 on June 8, 2026, and approved election of Liu Guangmin as independent director. Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: CN¥0.11 (vs CN¥0.07 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.11 (up from CN¥0.07 in 1Q 2025). Revenue: CN¥568.0m (up 21% from 1Q 2025). Net income: CN¥15.4m (up 61% from 1Q 2025). Profit margin: 2.7% (up from 2.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥106m free cash flow). Earnings have declined by 9.9% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change). Announcement • Mar 31
Optics Technology Holding Co.,Ltd to Report Q1, 2026 Results on Apr 24, 2026 Optics Technology Holding Co.,Ltd announced that they will report Q1, 2026 results on Apr 24, 2026 Reported Earnings • Mar 24
Full year 2025 earnings released: CN¥0.24 loss per share (vs CN¥0.089 profit in FY 2024) Full year 2025 results: CN¥0.24 loss per share (down from CN¥0.089 profit in FY 2024). Revenue: CN¥2.08b (up 43% from FY 2024). Net loss: CN¥33.2m (down 371% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Mar 23
Optics Technology Holding Co.,Ltd, Annual General Meeting, Apr 13, 2026 Optics Technology Holding Co.,Ltd, Annual General Meeting, Apr 13, 2026, at 14:50 China Standard Time. Location: The Company's Meeting Room, Harbin, Heilongjiang China Announcement • Dec 31
Optics Technology Holding Co.,Ltd to Report Fiscal Year 2025 Results on Apr 29, 2026 Optics Technology Holding Co.,Ltd announced that they will report fiscal year 2025 results on Apr 29, 2026 Reported Earnings • Oct 24
Third quarter 2025 earnings released: CN¥0.24 loss per share (vs CN¥0.073 profit in 3Q 2024) Third quarter 2025 results: CN¥0.24 loss per share (down from CN¥0.073 profit in 3Q 2024). Revenue: CN¥423.2m (up 11% from 3Q 2024). Net loss: CN¥33.0m (down 426% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Optics Technology Holding Co.,Ltd to Report Q3, 2025 Results on Oct 24, 2025 Optics Technology Holding Co.,Ltd announced that they will report Q3, 2025 results on Oct 24, 2025 New Risk • Aug 04
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.4x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: CN¥0.10 (vs CN¥0.045 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.10 (up from CN¥0.045 in 2Q 2024). Revenue: CN¥548.4m (up 62% from 2Q 2024). Net income: CN¥14.4m (up 135% from 2Q 2024). Profit margin: 2.6% (up from 1.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year. Announcement • Jul 02
Optics Technology Holding Co.,Ltd to Report First Half, 2025 Results on Aug 27, 2025 Optics Technology Holding Co.,Ltd announced that they will report first half, 2025 results on Aug 27, 2025 New Risk • May 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Large one-off items impacting financial results. Announcement • Mar 31
Optics Technology Holding Co.,Ltd to Report Q1, 2025 Results on Apr 24, 2025 Optics Technology Holding Co.,Ltd announced that they will report Q1, 2025 results on Apr 24, 2025 Announcement • Mar 17
Optics Technology Holding Co.,Ltd, Annual General Meeting, Apr 08, 2025 Optics Technology Holding Co.,Ltd, Annual General Meeting, Apr 08, 2025, at 14:50 China Standard Time. Location: The Company's Meeting Room, Harbin, Heilongjiang China New Risk • Mar 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 15
Full year 2024 earnings released: EPS: CN¥0.089 (vs CN¥1.76 loss in FY 2023) Full year 2024 results: EPS: CN¥0.089 (up from CN¥1.76 loss in FY 2023). Revenue: CN¥1.45b (up 44% from FY 2023). Net income: CN¥12.3m (up CN¥253.3m from FY 2023). Profit margin: 0.8% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Announcement • Dec 31
Optics Technology Holding Co.,Ltd to Report Fiscal Year 2024 Results on Apr 25, 2025 Optics Technology Holding Co.,Ltd announced that they will report fiscal year 2024 results on Apr 25, 2025 Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: CN¥0.073 (vs CN¥0.22 loss in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.073 (up from CN¥0.22 loss in 3Q 2023). Revenue: CN¥382.6m (up 58% from 3Q 2023). Net income: CN¥10.1m (up CN¥40.2m from 3Q 2023). Profit margin: 2.6% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 72% per year, which means it is well ahead of earnings. Announcement • Sep 30
Optics Technology Holding Co.,Ltd to Report Q3, 2024 Results on Oct 25, 2024 Optics Technology Holding Co.,Ltd announced that they will report Q3, 2024 results on Oct 25, 2024 Reported Earnings • Aug 27
Second quarter 2024 earnings released: EPS: CN¥0.045 (vs CN¥0.37 loss in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.045 (up from CN¥0.37 loss in 2Q 2023). Revenue: CN¥337.7m (up 41% from 2Q 2023). Net income: CN¥6.14m (up CN¥56.8m from 2Q 2023). Profit margin: 1.8% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Optics Technology Holding Co.,Ltd to Report First Half, 2024 Results on Aug 30, 2024 Optics Technology Holding Co.,Ltd announced that they will report first half, 2024 results on Aug 30, 2024 Reported Earnings • Apr 27
First quarter 2024 earnings released: CN¥0.30 loss per share (vs CN¥0.39 loss in 1Q 2023) First quarter 2024 results: CN¥0.30 loss per share (improved from CN¥0.39 loss in 1Q 2023). Revenue: CN¥234.5m (down 2.0% from 1Q 2023). Net loss: CN¥41.6m (loss narrowed 22% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Optics Technology Holding Co.,Ltd, Annual General Meeting, May 15, 2024 Optics Technology Holding Co.,Ltd, Annual General Meeting, May 15, 2024, at 14:50 China Standard Time. Location: The Company's Meeting Room, Harbin, Heilongjiang China Announcement • Mar 30
Optics Technology Holding Co.,Ltd to Report Q1, 2024 Results on Apr 27, 2024 Optics Technology Holding Co.,Ltd announced that they will report Q1, 2024 results on Apr 27, 2024 New Risk • Mar 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥212m free cash flow). Earnings have declined by 34% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Dec 29
Optics Technology Holding Co.,Ltd to Report Fiscal Year 2023 Results on Apr 24, 2024 Optics Technology Holding Co.,Ltd announced that they will report fiscal year 2023 results on Apr 24, 2024 Reported Earnings • Oct 26
Third quarter 2023 earnings released: CN¥0.22 loss per share (vs CN¥0.27 loss in 3Q 2022) Third quarter 2023 results: CN¥0.22 loss per share (improved from CN¥0.27 loss in 3Q 2022). Revenue: CN¥241.7m (down 5.7% from 3Q 2022). Net loss: CN¥30.1m (loss narrowed 19% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Optics Technology Holding Co.,Ltd to Report Q3, 2023 Results on Oct 26, 2023 Optics Technology Holding Co.,Ltd announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Aug 31
Second quarter 2023 earnings released: CN¥0.37 loss per share (vs CN¥0.13 loss in 2Q 2022) Second quarter 2023 results: CN¥0.37 loss per share (further deteriorated from CN¥0.13 loss in 2Q 2022). Revenue: CN¥239.9m (down 12% from 2Q 2022). Net loss: CN¥50.6m (loss widened 185% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Board Change • Jul 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Jianjun Sun was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 11
Optics Technology Holding Co.,Ltd Announces Board Appoints Optics Technology Holding Co.,Ltd announced that at the AGM was held on 08 June 2023, the company approved the appointment of Xiao Yi and Peng Weixiao as non-employee supervisors. Zhu Rihong and Sun Jianjun appointed as independent directors. Hou Zhenfu and Zhu Shibin appointed as non-independent directors. Announcement • May 27
Optics Technology Holding Co.,Ltd announced that it expects to receive CNY 551.208 million in funding from Foshan Yuebang Investment Co., Ltd. Optics Technology Holding Co.,Ltd announced a private placement of not more than CNY 40,800,000 A shares at a price of CNY 13.51 per share for gross proceeds of not more than on CNY 551,208,000 May 25, 2023. The transaction included the participation from existing investor Foshan Yuebang Investment Co., Ltd. The transaction has been approved in the Shenzhen Stock Exchange, China Securities Regulatory Commission at the fifty-eighth meeting of the fourth board of directors of the company. The Investment shall not be transferred within 18 months from the date of completion of the issuance .The company has still needs to be approval from company's shareholder.
On the same day, the company announced that the transaction has been approved by the shareholders of the company in the 58th session of the company’s 4th directorate and the 44th session of the company’s 4th supervisory board. Reported Earnings • Apr 26
Full year 2022 earnings released: CN¥0.84 loss per share (vs CN¥0.078 profit in FY 2021) Full year 2022 results: CN¥0.84 loss per share (down from CN¥0.078 profit in FY 2021). Revenue: CN¥935.7m (up 29% from FY 2021). Net loss: CN¥113.9m (down CN¥124.6m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Chairman Shihui Zhu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Chairman Shihui Zhu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.27 loss per share (vs CN¥0.028 loss in 3Q 2021) Third quarter 2022 results: CN¥0.27 loss per share (further deteriorated from CN¥0.028 loss in 3Q 2021). Revenue: CN¥256.3m (up 43% from 3Q 2021). Net loss: CN¥37.3m (loss widened CN¥33.5m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Chairman Shihui Zhu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 29
Second quarter 2022 earnings released: CN¥0.13 loss per share (vs CN¥0.073 profit in 2Q 2021) Second quarter 2022 results: CN¥0.13 loss per share (down from CN¥0.073 profit in 2Q 2021). Revenue: CN¥273.3m (up 35% from 2Q 2021). Net loss: CN¥17.8m (down 279% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • May 07
Optics Technology Holding Co., Ltd., Annual General Meeting, May 24, 2022 Optics Technology Holding Co., Ltd., Annual General Meeting, May 24, 2022, at 14:30 China Standard Time. Agenda: To consider the 2021 work report of the board of directors; to consider the 2021 work report of the supervisory committee; to consider the 2021 annual accounts; to consider the 2021 annual report and its summary; to consider the 2022 estimated continuing connected transactions; to consider the 2021 profit distribution plan; to consider the 2022 remuneration for directors and senior management; to consider the 2022 remuneration for supervisors; and to consider the cash management with idle proprietary funds by the Company and its subsidiaries. Reported Earnings • May 02
First quarter 2022 earnings released: CN¥0.20 loss per share (vs CN¥0.044 profit in 1Q 2021) First quarter 2022 results: CN¥0.20 loss per share (down from CN¥0.044 profit in 1Q 2021). Revenue: CN¥197.6m (up 32% from 1Q 2021). Net loss: CN¥26.8m (down CN¥32.8m from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. 1 highly experienced director. Chairman of the Supervisory Committee & Head of the Audit Department He Hang is the most experienced director on the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 26
Optics Technology Holding Co., Ltd. to Report Fiscal Year 2021 Results on Apr 29, 2022 Optics Technology Holding Co., Ltd. announced that they will report fiscal year 2021 results on Apr 29, 2022 Reported Earnings • Oct 28
Third quarter 2021 earnings released: CN¥0.028 loss per share (vs CN¥0.033 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: CN¥179.8m (up 42% from 3Q 2020). Net loss: CN¥3.75m (down 183% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 30
Second quarter 2021 earnings released: EPS CN¥0.073 (vs CN¥0.069 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥202.1m (up 94% from 2Q 2020). Net income: CN¥9.95m (up 6.5% from 2Q 2020). Profit margin: 4.9% (down from 9.0% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
Full year 2020 earnings released: EPS CN¥0.17 (vs CN¥0.83 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥415.4m (up 222% from FY 2019). Net income: CN¥23.8m (up CN¥136.2m from FY 2019). Profit margin: 5.7% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 30
New 90-day low: CN¥31.69 The company is down 19% from its price of CN¥39.35 on 30 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 09
New 90-day low: CN¥33.63 The company is down 2.0% from its price of CN¥34.49 on 10 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 7.0% over the same period. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total losses of CN¥77.8m, with losses widening by 198% from the prior year. Total revenue was CN¥297.5m over the last 12 months, up 137% from the prior year. Announcement • Aug 13
Harbin ZhongFei New Technology CO.,LTD. to Report First Half, 2020 Results on Aug 28, 2020 Harbin ZhongFei New Technology CO.,LTD. announced that they will report first half, 2020 results on Aug 28, 2020 Announcement • Jul 31
Foshan Yuebang Investment Management Co., Ltd. completed the acquisition of additional 15.37% stake in Harbin ZhongFei New Technology CO.,LTD from Yang Zhifeng. Foshan Yuebang Investment Management Co., Ltd. entered into an agreement to acquire additional 15.37% stake in Harbin ZhongFei New Technology CO.,LTD from Yang Zhifeng for approximately CNY 620 million on July 6, 2020. Foshan Yuebang Investment Management Co., Ltd. acquired 20.9 million shares for CNY 29.55 per share. The share transfer payment shall be paid as follows: (1) Within 3 working days from the date when both parties obtain the confirmation letter of compliance issued by Shenzhen Stock Exchange for the transfer of the agreement, Party B shall designate Party A or an account designated by Party A and pay CNY 447.3 million (2) The deposit will be automatically converted to the payment that Party B should pay to Party A from the day when both parties complete the procedures for transferring the target shares to the name of Party B in Shenzhen Branch of China Securities Depository and Clearing Corporation. Post completion, unknown buyer will increase its stake from 11.96% to 27.33% in Harbin ZhongFei New Technology. After this equity change, Yang Zhifeng held 0 shares of the company's shares, accounting for 0% of the company's total share capital, of which 0 shares had voting rights, accounting for 0% of the company's total share capital and Foshan Yuebang Investment Management Co., Ltd. will directly hold 37.2 million shares of the company, accounting for 27.33% of the company's total share capital.
Foshan Yuebang Investment Management Co., Ltd. completed the acquisition of additional 15.37% stake in Harbin ZhongFei New Technology CO.,LTD from Yang Zhifeng on July 24, 2020. Announcement • Jul 18
Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. completed the acquisition of 14% stake in Harbin ZhongFei New Technology CO.,LTD. (SZSE:300489) from Wang Qiang. Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. agreed to acquire 14% stake in Harbin ZhongFei New Technology CO.,LTD. (SZSE:300489) from Wang Qiang for approximately CNY620 million on July 6, 2020. Under the terms of acquisition, Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. will acquire 19.05 million shares for CNY32.33 per share. Before the acquisition Wang Qiang holds 20.4 million shares representing 15% stake in Harbin ZhongFei New Technology CO.,LTD. The transaction still needs to pass the compliance review of the Shenzhen Stock Exchange and go through the share transfer registration procedures of the China Securities Depository and Clearing Co., Ltd, Shenzhen Branch.
Shenzhen Qianhai Fuyin Chengtou Fund Management Co., Ltd. completed the acquisition of 14% stake in Harbin ZhongFei New Technology CO.,LTD. (SZSE:300489) from Wang Qiang on July 10, 2020. Post completion, the buyer owns 14% in Harbin ZhongFei. Harbin ZhongFei New Technology received the confirmation letter of securities transfer registration issued by China Securities Depository and Clearing Co., Ltd. on July 13, 2020.