Gelonghui, May 8, 丨 Shaoyang Hydraulic (301079.SZ) announced plans to issue shares to specific targets for 2024. The number of shares issued to specific targets this time was no more than 15,368,852 shares (including shares), accounting for 13.93% of the company's total share capital before this issuance, and did not exceed 30% of the company's total share capital before the current issuance.

The price of issuing shares to specific targets this time is 9.76 yuan/share, and the issue price is not lower than 80% of the average trading price of the company's shares in the 20 trading days before the pricing benchmark date.

The target of this distribution to a specific audience is Mr. Su Wuhong. Mr. Su Wuhong is the controlling shareholder and actual controller of the company, and is the chairman of the company. The issuance of shares to a specific target constituted a related transaction. The total amount of capital raised by issuing shares to specific targets this time is no more than 150 million yuan (including the number of shares), and the net amount of capital raised after deducting issuance fees will be used to supplement working capital.