AXNMC(SH:600255) Zheng Quan Zhi Xing·2025-03-28 08:24Core Viewpoint - Anhui Xinke New Materials Co., Ltd. is seeking shareholder approval to authorize the board of directors to issue shares to specific investors through a simplified process, with a total financing amount not exceeding RMB 300 million, which is capped at 20% of the company's net assets as of the end of the previous year [1][2]. Group 1: Authorization Details - The board of directors will confirm whether the company meets the conditions for issuing shares through a simplified process [1]. - The type of shares to be issued will be domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [2]. - The issuance will target specific investors, limited to no more than 35 entities, including individuals and organizations, with cash subscriptions at a uniform price [2][3]. Group 2: Pricing and Lock-up Period - The pricing will be based on the average trading price of the company's shares over the 20 trading days prior to the pricing date, adjusted for any corporate actions such as dividends or stock splits [3]. - Shares acquired through this issuance will be subject to an 18-month lock-up period from the issuance date [3]. Group 3: Use of Proceeds - The funds raised will be allocated to projects related to the company's main business and to supplement working capital, in compliance with regulatory requirements [4]. Group 4: Board Authority - The board is authorized to handle all matters related to the issuance, including determining the issuance plan, handling regulatory submissions, and managing the use of raised funds [4][5]. - The board can adjust the issuance plan based on changes in laws, regulations, or market conditions, and has the authority to postpone or terminate the issuance if necessary [4].