Core Viewpoint - The company Astone Technology (阿石创) plans to raise up to 900 million yuan through a private placement of A-shares to fund various semiconductor material projects and improve its financial structure [1][3]. Fundraising Details - The fundraising will target no more than 35 specific investors, including securities investment funds, securities companies, insurance institutions, and qualified foreign institutional investors, all subscribing in cash [3]. - The number of shares to be issued will not exceed 45.9661 million shares, accounting for no more than 30% of the company's total share capital before the issuance [3]. - The issue price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3]. Project Investments - The funds will be allocated to several key projects: - **Photoresist Material Project**: Total investment of 146 million yuan, with 145 million yuan from the raised funds, aimed at optimizing production processes and enhancing domestic capabilities in photoresist materials [3]. - **Ultra-Pure Semiconductor Target Material Project**: Total investment of 357 million yuan, with 355 million yuan from the raised funds, focusing on high-purity semiconductor target materials to address supply shortages in the domestic market [3][4]. - **Semiconductor Material R&D Project**: Total investment of 202 million yuan, with 200 million yuan from the raised funds, targeting high-end target materials and high-performance ceramic substrates [4]. Financial Strategy - An additional 200 million yuan from the raised funds will be used to supplement working capital and repay bank loans, aimed at alleviating financial pressure from business expansion and improving the capital structure [4]. - The company has established a three-year dividend plan (2025-2027), prioritizing cash dividends that will not be less than 10% of the distributable profits for the year [5]. Shareholding Structure - The issuance will not change the company's control structure, with the actual controllers maintaining a combined shareholding of 47.34% before the issuance, which will decrease to 36.42% post-issuance [4].

Core Viewpoint - The company Aishi Chuang (300706.SZ) is proposing a new fundraising plan to raise up to 900 million yuan for new projects and to supplement working capital, despite previous projects not meeting economic expectations [1][2]. Group 1: Fundraising Plan - Aishi Chuang plans to issue A-shares to specific investors to raise funds for projects including photomask materials, ultra-pure semiconductor target materials, and semiconductor material R&D, as well as to repay bank loans [1][2]. - The total investment for the photomask materials project is 146 million yuan, while the ultra-pure semiconductor target materials project requires 357 million yuan, and the semiconductor material R&D project is estimated at 202 million yuan [1]. Group 2: Financial Performance - In the first three quarters of 2025, the company reported total revenue of 1.093 billion yuan, a year-on-year increase of 17.59%, but incurred a net loss attributable to shareholders of 30.81 million yuan [1][4]. - The company has been experiencing continuous losses, with net profits of -25.34 million yuan in 2024 and -30.81 million yuan in the first nine months of 2025 [4]. Group 3: Previous Fundraising and Project Performance - In August 2021, Aishi Chuang raised 293 million yuan through a previous issuance of shares, but some of the funds were redirected to supplement working capital instead of being used for intended projects [3]. - The "Ultra-High Definition Display Copper Target Material Industrialization Project" did not yield the expected economic benefits, leading to adjustments in the use of raised funds [3][4].

Core Viewpoint - The company Astone Innovation (300706.SZ) has announced a plan to issue A-shares to specific investors, aiming to raise up to 900 million RMB for various projects and to improve liquidity [1][2]. Fundraising Details - The total amount to be raised is capped at 90 million RMB, with net proceeds allocated to the photomask material project, ultra-pure semiconductor target material project, semiconductor material R&D project, and to supplement working capital and repay bank loans [1][2]. - The breakdown of the investment projects includes: - Photomask material project: 14.62356 million RMB (16.11%) - Ultra-pure semiconductor target material project: 35.74149 million RMB (39.45%) - Semiconductor material R&D project: 20.21290 million RMB (22.22%) - Supplementing working capital and repaying bank loans: 20 million RMB (22.22%) [2]. Issuance Structure - The shares will be issued as domestic listed RMB ordinary shares (A-shares) with a par value of 1.00 RMB per share [3]. - The issuance will be targeted at no more than 35 specific investors, including various institutional and individual investors, with subscriptions made entirely in cash [3][4]. - The maximum number of shares to be issued is 45,966,149, which will not exceed 30% of the total share capital prior to the issuance [3][4]. Control and Ownership - The actual controllers of the company, Chen Qinzong and Chen Xiumei, hold a combined 47.34% of the total share capital, and the issuance will not change the control of the company [4]. - After the issuance, the actual controllers and their concerted actors will hold approximately 36.42% of the shares [4]. Financial Performance - As of the third quarter of 2025, the company reported a net profit attributable to shareholders of -30.81 million RMB, with a significant decline compared to the previous year [7][8]. - The total revenue for the current reporting period was approximately 419.74 million RMB, reflecting a year-on-year increase of 21.80% [8]. - The company has experienced a decline in net profit margins, with a reported net profit margin of -126.57% for the current period [8]. Company Background - Astone Innovation was established in 2002 and is primarily engaged in the manufacturing of general equipment [10]. - The company was listed on the Shenzhen Stock Exchange on September 26, 2017, with an initial issuance of 19.6 million shares at a price of 9.97 RMB per share [5].

Group 1 - Xi'an Yicai plans to invest approximately 12.5 billion yuan in the Wuhan silicon material base project, focusing on producing silicon monocrystalline polished wafers and epitaxial wafers for advanced integrated circuits [1] - CATL has repurchased 15.99 million A-shares for a total expenditure of approximately 4.386 billion yuan, representing 0.36% of its total A-share capital [1][2] - Tianpu Co. has completed a stock suspension review after a 451.8% increase in stock price from August 22 to November 27, and its shares will resume trading [2] Group 2 - Jiangbolong plans to raise no more than 3.7 billion yuan through a private placement for high-end memory research and development projects [4] - Ashi Chuang intends to raise no more than 900 million yuan for semiconductor material projects and to supplement working capital [5] - Aike Co. plans to acquire 100% equity of Dongguan Qixiang for 2.2 billion yuan, focusing on products applicable in new energy battery and storage fields [6] Group 3 - Xiangyuan Cultural Tourism's subsidiary intends to acquire 100% equity of Jinxiu Lianhua Mountain for approximately 345 million yuan, which operates a national AAAA-level tourist attraction [7] - Zhongding Co. plans to issue convertible bonds totaling no more than 2.5 billion yuan for various projects including smart robots and new energy vehicle systems [9] - Jingtou Development intends to acquire 45% equity of Shanghai Lishi and related debts, aiming for full ownership of the company [10] Group 4 - Luoyang Molybdenum's subsidiary plans to invest 500 million yuan in a fund focusing on technology, healthcare, and consumer goods [11] - Transsion Holdings has submitted an application for H-share listing on the Hong Kong Stock Exchange [12] - ST Zhiyun's controlling shareholder is set to change, with a new entity gaining control over 18.61% of voting rights [13] Group 5 - Chongqing Construction's second-largest shareholder plans to transfer 12.95% of state-owned shares to other state-owned entities [14] - Longpan Technology's subsidiary signed a long-term procurement agreement to supply 106,800 tons of lithium iron phosphate materials, with a total contract value estimated between 4.5 billion to 5.5 billion yuan [15] - Junting Hotel's controlling shareholder will change to Hubei Cultural Tourism Group, with shares resuming trading [16] Group 6 - Hefei Guotou will become the controlling shareholder of Chuanan Technology after a private placement to raise no more than 1.419 billion yuan for various projects [18] - Xianglu Tungsten's shareholder plans to reduce holdings by up to 1.6 million shares, representing 0.49% of total shares [20] - Ankai Micro plans to acquire 85.79% of Siche Technology for 326 million yuan, focusing on AIoT chip design [20]

Core Viewpoint - The company Aishi Chuang (300706.SZ) plans to raise up to 900 million yuan through a private placement to no more than 35 specific investors, with funds allocated to four main projects, including a high-purity semiconductor target material project and R&D for semiconductor materials [1] Group 1: Fundraising and Allocation - The company intends to invest 355 million yuan (39.45% of total funds) in the ultra-high-purity semiconductor target material project [1] - 200 million yuan is earmarked for semiconductor material R&D, while 145 million yuan will go towards photomask materials [1] - The remaining 200 million yuan will be used to supplement working capital and repay bank loans [1] Group 2: Financial Performance - The company reported losses in both 2024 and the first nine months of 2025, with net profits attributable to shareholders at -25.34 million yuan and -30.81 million yuan, respectively [1] - Despite achieving a revenue of 1.093 billion yuan in the first three quarters of 2025, the company has not yet turned around its profitability [1] - The company distributed a total cash dividend of 6.11 million yuan from 2022 to 2023, but did not declare any dividends in 2024 due to losses [1] Group 3: Previous Fundraising and Project Adjustments - In 2021, the company raised approximately 293 million yuan through a private placement, which has been fully utilized as of September 30, 2025 [2] - The initial project for "aluminum-scandium and molybdenum target material R&D" was terminated, and funds were redirected to the "copper target material industrialization project" [2] - The main investment project for "flat panel display sputtering target material construction" did not meet expected benefits due to intensified market competition and rising raw material prices [2]

Core Viewpoint - The company plans to raise up to 900 million yuan through a private placement of A-shares to fund various semiconductor-related projects and improve its financial position [1]. Group 1: Project Summaries - The photomask material project has a total investment of 146 million yuan, with 145 million yuan allocated from the raised funds. This project aims to enhance production capabilities and meet market demand for photomask target materials, contributing to the company's growth in the semiconductor sector and aligning with national strategies [1]. - The ultra-pure semiconductor target material project has a total investment of 357 million yuan, with 355 million yuan from the raised funds. It focuses on producing ultra-pure semiconductor targets, filling domestic supply gaps, and enhancing the company's competitive edge in the semiconductor materials market [2]. - The semiconductor materials R&D project has a total investment of 202 million yuan, with 200 million yuan from the raised funds. It aims to address supply shortages in high-end targets and high-performance ceramic substrates through advanced research and development, thereby strengthening the company's technological capabilities [3]. Group 2: Financial Utilization - The company intends to allocate 200 million yuan from the raised funds for working capital and repaying bank loans, which will improve its liquidity and financial stability [4].

福建阿石创新材料股份有限公司 前次募集资金使用情况报告 一、前次募集资金的数额、资金到账时间及资金在专项账户的存放情况 福建阿石创新材料股份有限公司（以下简称"本公司"或"公司"）经中国证 监会出具的《关于同意福建阿石创新材料股份有限公司向特定对象发行股票注册的 批复》（证监许可〔2020〕2572 号），同意公司向特定对象发行股票的注册申请。 2021 年 8 月 11 日，公司向 11 名特定对象发行人民币普通股（A 股）11,732,499 股，每股面值为人民币 1.00 元，发行价格为 25.57 元/股。截至 2021 年 8 月 12 日， 本公司募集资金总额为人民币 299,999,999.43 元，扣除与发行有关的费用（不含税） 人民币 7,488,143.29 元，公司实际募集资金净额为人民币 292,511,856.14 元。 上述募集资金净额已经致同会计师事务所（特殊普通合伙）致同验字（2021） 第 351C000566 号《验资报告》验证。 截至 2025 年 9 月 30 日，本公司募集资金具体存放情况如下： 合 计 - 注 1：公司与中国光大银行股份有限公司福州省体支行的上级分行 ...

福建阿石创新材料股份有限公司 前次募集资金使用情况 前次募集资金使用情况鉴证报告 致同专字（2025）第 351A023542 号 福建阿石创新材料股份有限公司全体股东： 我们审核了后附的福建阿石创新材料股份有限公司（以下简称阿石创公 司）截至 2025 年 9 月 30 日的前次募集资金使用情况报告、前次募集资金使 用情况对照表和前次募集资金投资项目实现效益情况对照表。按照中国证监 会《监管规则适用指引——发行类第 7 号》的规定编制上述前次募集资金使 用情况报告及对照表是阿石创公司董事会的责任，我们的责任是在实施鉴证 程序的基础上对阿石创公司董事会编制的上述前次募集资金使用情况报告及 对照表提出鉴证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号——历史财务 信息审计或审阅以外的鉴证业务》的规定计划和实施鉴证工作，以合理确信 上述前次募集资金使用情况报告及对照表不存在重大错报。在鉴证工作中， 我们结合阿石创公司实际情况，实施了包括核查会计记录等我们认为必要的 程序。我们相信，我们的鉴证工作为提出鉴证结论提供了合理的基础。 鉴证报告 致同会计师事务所（特殊普通合伙） 目 录 | 前次募集资金 ...

Core Viewpoint - The company, ASHARE (300706.SZ), plans to issue shares to specific investors to raise a total of no more than 900 million yuan, with the net proceeds after issuance costs allocated to various projects and financial obligations [1] Group 1 - The total amount to be raised through the share issuance is capped at 900 million yuan, including the principal amount [1] - The net proceeds after deducting issuance costs will be fully utilized for several key projects, including photomask materials, ultra-pure semiconductor target materials, semiconductor material research and development, replenishing working capital, and repaying bank loans [1]

Core Viewpoint - The company plans to raise no more than 900 million yuan through a private placement, with the net proceeds after issuance costs allocated entirely to various projects including photomask materials, ultra-pure semiconductor target materials, semiconductor material R&D, working capital supplementation, and repayment of bank loans [1][1]. Group 1 - The company announced a private placement to raise up to 900 million yuan [1]. - The net proceeds will be used for photomask materials project, ultra-pure semiconductor target materials project, semiconductor materials R&D project, working capital, and repayment of bank loans [1][1].