Reconova Technologies Co., Ltd. (Reconova) released a clarification announcement on 3 July 2026, amending a typographical error in its 29 June 2026 prospectus relating to post-Global Offering shareholdings subject to disposal restrictions under HKEX Listing Rule 18C.14.
Key corrections and updated data
1. Key persons and close associates (12-month lock-up from listing date) • Founder, Chairman and CEO Mr. Zhan Donghui: 76.88 million shares, representing 25.18% of Reconova’s enlarged share capital. • Executive Director Mr. Han Songguang: 3.78 million shares, 1.24%. • Chief Scientist Mr. Su Xiaosheng: 12.05 million shares, 3.95%. • Share-incentive platforms controlled by Mr. Zhan—Ruiyuan Technology Partnership, Shenzhen Ruiyuan Technology Partnership and Ruiyitong Technology Partnership—hold 10.83 million (3.55%), 10.83 million (3.55%) and 2.73 million (0.90%) shares, respectively.
2. Pathfinder Strategic Investment Investors (6-month lock-up from listing date) • Greenland Financial Holdings Group Pathfinder SII: 14.06 million shares, 4.61%. • Nanjing SAIF and SAIF Yi’an Pathfinder SII: 10.11 million shares, 3.31%. • Nantong Jianghai Fund Pathfinder SII: 9.24 million shares, 3.03%. • Hon Universe Aviation Industry Fund (Shanghai SASAC Investor) Pathfinder SII: 9.72 million shares, 3.18%. • Sichuan Cooperation Innovation Fund Pathfinder SII: 7.33 million shares, 2.40%.
Management assessment
The board stated that the corrections do not affect investors’ evaluation of Reconova’s business, operations or financial condition and have no material impact on the Global Offering. In line with HKEX Listing Rule 11.13, the company confirmed no significant changes have arisen that would necessitate a supplementary prospectus.
Corporate governance update
Reconova’s board currently consists of two executive directors (Mr. Zhan Donghui and Mr. Han Songguang), two non-executive directors (Mr. Chen Gen and Ms. Li Jia) and three independent non-executive directors (Mr. Sun Xiaobei, Ms. Gu Wenbo and Mr. Tang Ke).
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