Core Viewpoint - Jiangxi Baitong Energy Co., Ltd. plans to issue up to 39,100,000 shares to a specific entity, raising no more than 385.135 million yuan, primarily to supplement working capital and repay loans [2][11]. Group 1: Issuance Details - The issuance price is set at 9.85 yuan per share, which is not less than 80% of the average trading price over the 20 trading days prior to the board meeting [2][7]. - The issuance is subject to approval from the shareholders' meeting, Shenzhen Stock Exchange, and the China Securities Regulatory Commission [1][12]. - The shares will be issued to the controlling shareholder, Nanchang Baitong Environmental Technology Co., Ltd., constituting a related party transaction [2][11]. Group 2: Financial Information - As of March 31, 2025, Nanchang Baitong Environmental Technology Co., Ltd. had total assets of 6.3639 billion yuan and net assets of 2.35476 billion yuan [4]. - The company reported a net profit of -58.59 million yuan for the first quarter of 2025, compared to a profit of 1.56259 billion yuan for the entire year of 2024 [4]. Group 3: Purpose and Impact of the Transaction - The funds raised will enhance the company's capital structure and financial strength, supporting its main business operations and strategic initiatives [11]. - The controlling shareholder's participation reflects confidence in the company's development strategy and future prospects [11]. Group 4: Approval Process - The board and supervisory committee approved the issuance on June 10, 2025, with related parties abstaining from voting [12][13]. - Independent directors confirmed that the agreement complies with regulations and does not harm shareholder interests, particularly those of minority shareholders [12].
百通能源: 关于公司与特定对象签署附条件生效的股份认购协议暨关联交易的公告