JIAXING, CHINA, March 11, 2025 – Huachen AI Parking Management Technology Holding Co., Ltd (NASDAQ: HCAI), a provider of comprehensive smart parking solutions and equipment structural parts operating through subsidiaries in China, announced that the underwriters of its initial public offering have fully exercised their over-allotment option. This involves purchasing an additional 225,000 ordinary shares at the IPO price of $4.00 each, generating extra gross proceeds of $900,000. Following the full exercise of the option, the total number of ordinary shares sold in the IPO rises to 1,725,000, and gross proceeds increase to approximately $6.9 million before deductions for underwriter discounts and other expenses. The option closed on March 11, 2025. The ordinary shares began trading on the Nasdaq Capital Market on February 5, 2025, under the ticker symbol “HCAI.”

The company plans to use the net proceeds from the offering to contract managerial and operational rights for a new parking lot, develop and upgrade new AGVs and RGVs, recruit specialized technical and operational staff, and for working capital and general corporate purposes.

Benjamin Securities, Inc. and D. Boral Capital LLC served as underwriters for the Offering. Ortoli Rosenstadt LLP was the Company’s U.S. securities counsel, and Sichenzia Ross Ference Carmel LLP represented the Underwriters.

The offering was made according to the Company’s registration statement on Form F-1 (File No. 333-281543), as amended, filed with the Securities and Exchange Commission (SEC), which was declared effective by the SEC on February 4, 2025. The offering is being made solely through a prospectus. Free copies of these documents are available on the SEC’s EDGAR website at www.sec.gov. Alternatively, you can obtain a prospectus from Benjamin Securities, Inc. via email at info@benjaminsecurities.com, by mail to 3 West Garden Street, Suite 407, Pensacola, FL 32502, or by phone at +1 (516) 931-1090; or from D. Boral Capital LLC by mail to D. Boral Capital LLC, 590 Madison Ave 39th Floor, New York, NY 10022, or by email, or by telephone at +1 (212)-970-5150.

This press release is not an offer to sell or a solicitation of an offer to buy securities, nor will there be any sale of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About Huachen AI Parking Management Technology Holding Co., Ltd

Huachen AI Parking Management Technology Holding Co., Ltd is a holding company based in the Cayman Islands with no direct operations. The company consolidates the financial results of its subsidiaries. It provides comprehensive smart parking solutions and equipment structural parts, conducting all operations through its operating subsidiaries in China. These subsidiaries offer tailored parking solutions to maximize efficiency in limited spaces, including smart cubic parking garage design, manufacturing, sales, installation, and maintenance of cubic parking equipment. They manufacture and offer a variety of cubic parking garage products using different working principles, such as lifting and shifting, convenient lifting, vertical circulation, vertical lifting, plane moving, alley stacking, multi-layer cycle, horizontal cycle, and car lifts, to meet diverse customer needs. Furthermore, the operating subsidiaries provide design, repair, and maintenance services to ensure the continued functionality of parking solutions.

Forward-Looking Statement

This press release includes forward-looking statements regarding plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as other statements that are not statements of historical facts. The use of terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” “continue,” or similar expressions indicates forward-looking statements. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from expectations. These uncertainties and risks include, but are not limited to, those related to market conditions and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. Investors are advised not to place undue reliance on forward-looking statements. Additional factors are detailed in the Company’s filings with the SEC, available for review. The Company does not undertake any obligation to revise these forward-looking statements to reflect events or circumstances after the date of this release.

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Huachen AI Parking Management Technology Holding Co., Ltd

Alan Li
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Mobile: +852-95791074