CAPITALONLINE(SZ:300846) Zheng Quan Zhi Xing·2025-03-31 13:20Core Viewpoint - Beijing Capital Online Technology Co., Ltd. is seeking shareholder approval to authorize the board of directors to issue shares to specific investors through a simplified procedure, with a total financing amount not exceeding RMB 300 million, which is also limited to 20% of the company's net assets as of the end of the previous year [1][2]. Group 1: Issuance Details - The board proposes to issue domestic listed ordinary shares (A shares) with a par value of RMB 1.00 per share [2]. - The total amount of funds raised will not exceed RMB 300 million and will not exceed 20% of the company's net assets as of the end of the previous year [2]. - The issuance will be limited to a maximum of 30% of the company's total share capital before the issuance [2]. - The issuance will be conducted through a non-public offering to no more than 35 specific investors, including legal entities and individuals [3]. Group 2: Pricing and Conditions - The pricing benchmark date for the shares will be the first day of the issuance period, with the issuance price not lower than the average trading price over the 20 trading days prior to the benchmark date [3]. - The final issuance price will be determined by the board based on the authorization from the 2024 annual general meeting and relevant regulations [3]. - The shares issued will be subject to a lock-up period of 6 months from the issuance date, with specific regulations governing the lock-up period [4]. Group 3: Fund Utilization and Compliance - The raised funds must comply with national industrial policies and relevant environmental protection laws [4]. - The funds cannot be used for financial investments or directly or indirectly invested in companies primarily engaged in trading securities [4]. - The company will ensure that the use of raised funds does not lead to significant adverse effects on competition or the company's operational independence [4]. Group 4: Authorization and Implementation - The board is authorized to handle all matters related to the issuance, including signing and submitting necessary documents and responding to regulatory feedback [6]. - The authorization is valid from the approval date of the 2024 annual general meeting until the 2025 annual general meeting [4]. - The company will proceed with the issuance after obtaining approval from the shareholders and regulatory authorities [8].