Huicheng Technology announced that in order to save the company and avoid delisting and bankruptcy liquidation, the rights and interests of investors will be adjusted. Based on the total share capital of 784,163,368 shares, 6.42049 shares were transferred for every 10 shares, for a total increase of 503,471,302 shares. After the transfer, the total share capital increased to 1,287,634,670 shares. The additional shares were not distributed to the original funders. 74,000,000 shares were used to pay off debts to creditors, and 429,471,302 shares were introduced to the restructured investors at a consideration of 790 million yuan. The stock subscription period is 36 months for industrial investors, and the lockdown period for financial investors is 12 months.

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