
Core Points - The company plans to raise a total of up to 885 million yuan through a private placement of shares, with the net proceeds intended for the production project of automotive wiring harnesses and to supplement working capital [1] - The issuance will not include the company's controlling shareholders or related parties, and the specific investors have not yet been determined [2] - The issuance has been approved by the Shanghai Stock Exchange [3] Pricing and Lock-up - The pricing benchmark for the issuance will be the first day of the issuance period, with the price set at no less than 80% of the average trading price of the company's A-shares over the 20 trading days prior to the pricing date [4] - Shares subscribed by the investors will be locked for a period of six months post-issuance, with any subsequent reduction in holdings subject to regulatory requirements [5] Issuance Details - The issuance will target up to 35 specific investors, including various financial institutions and qualified investors, with all subscriptions to be made in cash at the same price [7] - The number of shares issued will be determined by dividing the total raised funds by the issuance price, capped at 30% of the company's total share capital prior to the issuance, which equates to a maximum of 131,032,824 shares [8] Control and Ownership - The actual controllers of the company, Cheng Sanrong and Jin Chengcheng, hold a combined 74.98% of the shares, and post-issuance, their combined ownership will decrease to 57.68%, ensuring that control of the company remains unchanged [9]