Breton Technology Co., Ltd. Announces Completion of H Shares Full Circulation
Key Points of the Announcement
- The Company has completed the conversion and listing of 106,134,959 domestic unlisted shares into H shares, representing approximately 27.24% of the total issued shares.
- The converted H shares will commence trading on the Hong Kong Stock Exchange at 9:00 a.m. on May 21, 2026.
- The conversion involved 23 participating shareholders and has significantly altered the shareholding structure, increasing the proportion of H shares in the total issued shares from 64.48% to 91.72%.
- Completion of the conversion and listing was approved by both the China Securities Regulatory Commission (CSRC) and the Hong Kong Stock Exchange.
- The move could have a material impact on liquidity and tradability of Breton Technology’s shares, potentially affecting share price dynamics.
Details for Shareholders and Investors
Breton Technology Co., Ltd. (“the Company”) has taken a significant step in its capital market strategy by completing the full circulation of H shares. This process, referred to as “H Shares Full Circulation,” allows previously domestic unlisted shares to be converted into H shares, which are tradable on the Hong Kong Stock Exchange.
Timeline and Regulatory Approvals
- July 18, 2025: Announcement of the proposed conversion of 106,804,793 domestic unlisted shares.
- August 10, 2025: The CSRC accepted the Company’s filing application.
- February 9, 2026: Amended filing submitted after a shareholder withdrew their conversion request, reducing the conversion total to 106,134,959 shares.
- April 27, 2026: CSRC issued a filing notice approving the conversion.
- May 15, 2026: Hong Kong Stock Exchange granted approval for listing.
- May 20, 2026: Conversion completed.
- May 21, 2026: Converted H shares commence trading.
Participating Shareholders
The conversion involved 23 shareholders, including institutional investors and individuals. Notably, major participants include Shanghai Fang’ao Business Consulting Partnership (21,125,599 shares, 5.42%), Chen Fangming (15,550,502 shares, 3.99%), Lin Ziting (9,274,653 shares, 2.38%), and Jinhua Breton Talent Equity Investment Partnership (13,973,116 shares, 3.59%). Other institutional investors such as Hunan Xiangtan Caixin Chanxing Equity Investment Partnership and Hefei Rendun Equity Investment Partnership also contributed significant blocks of shares.
Shareholding Structure Impact
| Class of Shares | Before Conversion | After Conversion |
|---|---|---|
| Domestic Unlisted Shares | 138,410,231 (35.52%) | 32,275,272 (8.28%) |
| H Shares | 251,241,531 (64.48%) | 357,376,490 (91.72%) |
| Total Issued Shares | 389,651,762 (100%) | |
Potential Price-Sensitive Information
This conversion and listing of a substantial block of shares is likely to have a material impact on Breton Technology’s stock liquidity and pricing. The increase in freely tradable H shares (from 64.48% to 91.72% of total issued shares) means more shares are available for trading on the Hong Kong Stock Exchange, which could result in increased trading volume, improved liquidity, and potentially higher volatility. Shareholders should be aware that the change may influence the supply-demand dynamics, possibly affecting the share price in the short to medium term.
Investors are advised to exercise caution, as the sudden increase in tradable shares may lead to price fluctuations. The Company specifically cautions shareholders and potential investors to be prudent when dealing in its shares following this announcement.
Board and Management
The Board is led by Mr. Chen Fangming (Chairman, General Manager, and Executive Director), with executive, non-executive, and independent directors listed, ensuring robust corporate governance.
Conclusion
The completion of H Shares Full Circulation marks a major milestone in Breton Technology Co., Ltd.’s capital market journey, opening the Company to greater market participation and enhanced liquidity. Investors should monitor trading activity closely following the listing of the converted H shares.
Disclaimer: This article is for informational purposes only and does not constitute financial advice or recommendations. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The Company and the author accept no liability for any loss arising from reliance on this information.
布雷頓科技股份有限公司 H股全流通完成公告（廣東話版）
公告重點
- 公司已完成1.06億股（106,134,959股）內資未上市股份轉換為H股，佔公司總股份約27.24%。
- 轉換後的H股將於2026年5月21日上午9時於香港聯合交易所開始交易。
- 此次轉換涉及23名參與股東，公司H股比例由64.48%大幅提升至91.72%。
- 轉換及上市已獲中國證監會及香港聯交所批准，對公司股份流動性和價格可能產生重大影響。
股東及投資者需知詳情
布雷頓科技股份有限公司正式完成H股全流通，內資未上市股份轉換為H股，讓更多股份可於港交所自由交易，提升市場流動性。
時間表及監管批准
- 2025年7月18日：公司公布擬轉換1.06億股內資未上市股份。
- 2025年8月10日：中國證監會接受公司申請。
- 2026年2月9日：因股東自願撤回部分申請，公司申請股份減至1.06億股。
- 2026年4月27日：證監會發出批准通知。
- 2026年5月15日：港交所批准上市。
- 2026年5月20日：轉換完成。
- 2026年5月21日：H股開始交易。
參與股東詳情
主要參與股東包括上海方澳商務諮詢合夥企業（2,112萬股，5.42%）、陳方明（1,555萬股，3.99%）、林紫婷（927萬股，2.38%）、金華布雷頓人才股權投資合夥企業（1,397萬股，3.59%）等，多家投資機構亦有參與。
股份結構變化
| 股份類別 | 轉換前 | 轉換後 |
|---|---|---|
| 內資未上市股份 | 138,410,231 (35.52%) | 32,275,272 (8.28%) |
| H股 | 251,241,531 (64.48%) | 357,376,490 (91.72%) |
| 總發行股份 | 389,651,762 (100%) | |
潛在股價敏感信息
今次股份轉換將顯著增加公司H股流通量，對股價可能產生短期波動。流通股份大幅提升，市場供需或會改變，投資者應留意交易量及價格變化。
公司提醒股東及潛在投資者，於公告後買賣股份時須謹慎。
董事會及管理層
董事會由陳方明（主席、總經理及執行董事）領導，具備執行、非執行及獨立董事，保障公司治理。
總結
H股全流通完成標誌著公司資本市場戰略新里程，流動性及市場參與度顯著提升。投資者應密切關注H股上市後的市場動向。
免責聲明： 本文章僅供資訊參考，不構成投資建議。投資者應自行研究及諮詢專業意見，任何依賴本資訊造成的損失，本公司及作者概不負責。
