Weida Nano’s actual controller and senior executives cash out 658 million yuan; A-shares raised a total of 2.27 billion yuan.

China Economic Net, Beijing, March 31 (Reporter) — Wei Dao Nano (688147.SH) issued an announcement on the pricing of its shareholders’ inquiry-based transfer of shares late yesterday evening. After conducting inquiries with institutional investors, the transfer price preliminarily determined for the shareholders’ inquiry-based transfer of the company (hereinafter referred to as the “this inquiry-based transfer”) is 57.10 yuan per share.

The number of institutional investors that submitted bids for this inquiry-based transfer is 38, covering professional institutional investors such as fund management companies, securities companies, qualified foreign institutional investors, and private fund managers.

The shares intended to be transferred in this inquiry-based transfer have been fully subscribed. The transferees preliminarily determined are 38 institutional investors, with a total number of shares proposed to be received of 11,528,931 shares.

Based on calculations, the amount of proceeds from Wei Dao Nano’s this inquiry-based transfer is 658 million yuan.

The shareholders’ inquiry-based transfer plan shows that the shareholders intending to participate in the shareholders’ inquiry-based transfer of Wei Dao Nano’s pre-IPO shareholders are Xizang Wan Hai Ying Venture Investment Partnership (Limited Partnership) (hereinafter referred to as “Wan Hai Ying Investment”), LI WEI MIN, and Wuxi Ju Hai Ying Management Consulting Partnership (Limited Partnership) (hereinafter referred to as “Ju Hai Ying Management”).

The transferor in this inquiry-based transfer, Wan Hai Ying Investment, is a controlling shareholder and an affiliate acting in concert with the actual controller of Wei Dao Nano, as well as a shareholder holding more than 5% of the shares. Certain directors of Wei Dao Nano indirectly hold the company’s shares through Wan Hai Ying Investment. The transferor in this inquiry-based transfer, LI WEI MIN, is not a controlling shareholder of the company; it is the director and senior management personnel of Wei Dao Nano, as well as a shareholder holding more than 5% of the shares, and the actual controller. The transferor in this inquiry-based transfer, Ju Hai Ying Management, is an affiliate acting in concert with the actual controller of Wei Dao Nano and a shareholder holding more than 5% of the shares. Certain directors and senior management personnel of Wei Dao Nano indirectly hold the company’s shares through Ju Hai Ying Management.

On December 23, 2022, Wei Dao Nano was listed on the STAR Market of the SSE. The number of shares publicly issued was 45.445636 million shares, and the issue price was 24.21 yuan per share. The sponsor (lead underwriter) was Zhejiang Securities Co., Ltd., and the sponsor representatives were Zhang Jian and Peng Hao.

The total amount of proceeds raised in Wei Dao Nano’s initial public offering of shares was 1.1B yuan, and the net proceeds raised were 1.02B yuan. The final net proceeds raised by Wei Dao Nano were 23.47M yuan more than the original plan. The prospectus published by Wei Dao Nano on December 20, 2022 shows that the company intended to raise 1B yuan, to be used respectively for: an expansion and upgrade project for photovoltaic and flexible electronic equipment based on atomic layer deposition technology; an expansion and upgrade project for semiconductor supporting equipment based on atomic layer deposition technology; an industrialization application center project for high-end equipment for integrated circuits; and supplementing working capital.

The total amount of issuance expenses for Wei Dao Nano’s initial public offering of shares was 76.77M yuan. Of this, Zhejiang Securities Co., Ltd. received sponsorship and underwriting fees of 49.07M yuan.

On August 23, 2025, the listing announcement for the convertible corporate bonds issued to unspecified parties published by Wei Dao Nano shows that the proceeds raised for these convertible bonds are RMB 1.17B. After deducting issuance expenses (excluding tax), the net proceeds are 1.16B yuan, which are proposed to be used for the following projects: a smart factory construction project for semiconductor thin-film deposition equipment; a project to expand the R&D laboratory; and supplementing working capital.

Based on calculations, the total amount raised in the two financing rounds by Wei Dao Nano is 2.27 billion yuan.

(Editor in charge: Tian Yunfei)