Huamao Technology (603306.SH): Planning major asset restructuring, trading suspended from May 21st.

Wisdom Wealth APP news, Huamao Technology (603306.SH) announced that the company is planning to purchase 19.4519% equity of Shenzhen Fuchuang Superior Technology Co., Ltd. (hereinafter referred to as "Fuchuang Superior") and 100% equity of Fuchuang Superior shareholder Shenzhen Yirui Technology Co., Ltd. (hereinafter referred to as "Yirui Technology", which holds 26.2588% equity of Fuchuang Superior) through the issuance of shares and payment of cash (including some cash to be paid by a wholly-owned subsidiary of Huamao Technology), as well as 100% equity of Shenzhen Fuchuang Superior No.1 Enterprise Management Partnership Enterprise (limited partnership) (hereinafter referred to as "Fuchuang No.1", which holds 12.1291% equity of Fuchuang Superior) with 100% capital contribution. At the same time, the company plans to issue shares to raise matching funds (hereinafter referred to as "this transaction"). Before this transaction, Huamao Technology held 42.1602% equity of Fuchuang Superior through its wholly-owned subsidiary Huamao (Dongyang) New Materials Co., Ltd. After the completion of this transaction, the company will directly and indirectly hold 100% equity of Fuchuang Superior.