{"url_path":"/sec/hcai/10-k/2026/item-14","section_key":"item-14","section_title":"Item 14 Material Modifications to the Rights of Securities Holders and Use of Proceeds**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1958399/0001213900-26-055775-index.html","accession_number":"0001213900-26-055775","cik":"0001958399","ticker":"HCAI","issuer_name":"Huachen AI Parking Management Technology Holding Co., Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1958399/0001213900-26-055775-index.html","primary_entity_key":"0001958399","primary_entity_name":"Huachen AI Parking Management Technology Holding Co., Ltd"},"word_count":281,"has_tables":true,"body_markdown":"**Item\n14. Material Modifications to the Rights of Securities Holders and Use of Proceeds**\n\n \n\n**14.A. – 14.D. Material Modifications\nto the Rights of Security Holders**\n\n \n\nSee\n“Item 10. Additional Information” for a description of the rights of shareholders, which remain unchanged.\n\n \n\n**14.E. Use of Proceeds**\n\n \n\nThe\nfollowing “Use of Proceeds” information relates to the registration statement on Form F-1 (File No. 333- 281543),\nas amended, including the annual report contained therein, which registered 1,500,000 Ordinary Shares and was declared effective by the\nSEC on February 4, 2025, for our initial public offering, which completed on February\n6, 2025, at an initial offering price of US$4.00 per Ordinary Share. Benjamin Securities, Inc. was the representative of the underwriters.\n\n \n\nIn connection with the issuance\nand distribution of the Ordinary Shares in our initial public offering, our expenses\nincurred and paid to others totaled approximately US$1,290,750, which included US$694,500 for underwriting discounts and commissions.\nWe received an aggregate net proceeds of approximately US$4,709,250 from our initial public offering.\n\n \n\nOn March 7, 2025, the underwriters\nfully exercised the Over-Allotment Option to purchase an additional 225,000 Ordinary Shares. The Company received $713,500 in net proceeds\nfrom the exercise of the Over-Allotment Option, after deducting underwriting discounts and other estimated expenses payable by the Company\n\n \n\nNone of the transaction expenses\nincluded direct or indirect payments to directors or officers of our company or their associates, persons owning more than 10% or more\nof our equity securities or our affiliates or others.\n\n \n\nAs of the date of this annual\nreport, we have used $1,883,700. We still intend to use the remainder of the proceeds from our initial public offering as disclosed in\nour registration statements on Form F-1."}