Huafa Group: Intends to issue A-shares to specific investors to raise funds of no more than 2.65 billion yuan.

Huafa Group announced that the company plans to issue A-shares to a specific entity, Zhuhai Huafa Group Co., Ltd., to raise funds. After revision of the issuance plan, the pricing reference date has been adjusted to the first day of the issuance period, with the issuance price also adjusted. The total funds raised will not exceed 2.65 billion yuan, and two fundraising projects have been reduced. In addition, the company's controlling shareholder, Huafa Group, currently holds 29.64% of the shares. After this issuance is completed, the shareholding ratio may trigger an obligation to make a tender offer. The company has requested that the shareholders' meeting approve exempting it from increasing its shareholding in the company through a tender offer.