Ningbo Bohui Chemical Technology (300839.SZ) plans to partner with Yuan Xinxi to raise a total of no more than 417 million yuan through private placement. Trading will resume on February 11th.

Ningbo Bohui Chemical Technology (300839.SZ) disclosed the plan to issue A-shares to specific entities in 2025. The company intends to issue shares to Wuxi Huishan Yuanxinxiwang Industrial Upgrade and M&A Investment Partnership Enterprise (Limited Partnership) (referred to as "Yuanxinxiwang Partnership") at a price of 5.66 yuan per share, with a maximum quantity of 30% of the total share capital before this issuance, not exceeding 73.6443 million shares (including this number). The total amount of funds raised from this issuance to specific entities will not exceed 417 million yuan, and the net proceeds after deducting relevant issuance expenses will be used entirely for supplementing working capital and repaying bank loans. On February 10, 2025, Yuanxinxiwang Partnership signed the "Control Rights Acquisition Framework Agreement of Ningbo Bohui Chemical Technology Co., Ltd." with the company's controlling shareholder Wenkui Group and the actual controllers Jin Bihua and Xia Yaping. Wenkui Group agreed to transfer 32.0705 million shares of the company it holds (approximately 13.06% of the total share capital) to Yuanxinxiwang Partnership. In addition, Wenkui Group, Xia Yaping, and Yuanxinxiwang Partnership signed the "Agreement on Waiver of Voting Rights of Ningbo Bohui Chemical Technology Co., Ltd.," agreeing that Wenkui Group and Xia Yaping irrevocably waive their proposal rights, voting rights, convening rights, and other non-property rights (collectively referred to as "voting rights") corresponding to the remaining shares of the company after the completion of the issuance as stipulated in the "Control Rights Acquisition Framework Agreement," and they shall not delegate these rights to a third party. The waiver period as per the "Waiver of Voting Rights Agreement" is from the completion date of the issuance as stipulated in the "Control Rights Acquisition Framework Agreement" until the date when Yuanxinxiwang Partnership directly and/or indirectly holds a percentage of company shares higher than a combined 5% shareholding of Wenkui Group, Jin Bihua, and Xia Yaping directly and/or indirectly. After the aforementioned transfer of shares, completion of issuance to specific entities, and the waiver of voting rights by Wenkui Group and Xia Yaping, the company's controlling shareholder will change to Yuanxinxiwang Partnership, and the actual controller will change to the State-owned Assets Management Office of Huishan District, Wuxi City. In addition, the company's stock will resume trading starting from February 11, 2025 (Tuesday).