Dahua Technology (002236.SZ) plans to spin off its subsidiary Huahui Technology and list it on the Hong Kong Stock Exchange.

Smart Finance and Economics APP News, Dahua Co., Ltd. (002236.SZ) announced that the company plans to spin off its subsidiary Zhejiang Huarui Technology Co., Ltd. to list on the Main Board of The Stock Exchange of Hong Kong Limited. Through this spin-off, Huarui Technology, as a business entity specializing in the research and development, production, and sales of machine vision and AMR mobile robot core components, complete machines, and solutions for the industrial Internet field under the Company, will achieve independent listing. The initial issuance size of Huarui Technology in this spin-off is not more than 25% of the enlarged total share capital immediately after the issuance (before the exercise of the over-allotment option), and the global coordinator/bookrunner is granted an over-allotment option of not more than 15% of the initial issuance size of the above-mentioned H shares.