OTIC(SZ:000962) Zheng Quan Zhi Xing·2025-06-23 14:39Core Viewpoint - The company is issuing shares to specific investors, which will dilute immediate returns but has proposed measures to compensate for this dilution and ensure the protection of minority investors' interests [1][4]. Financial Impact - The total number of shares will increase from 50,496.83 million to 65,645.88 million after the issuance, with an estimated fundraising amount of 120,000 million [2][4]. - The basic earnings per share (EPS) are projected to decrease from 0.46 to 0.42 under a 10% net profit growth scenario, and further to 0.34 under a 0% growth scenario, and to 0.28 under a -10% growth scenario [3][4]. Necessity and Reasonableness of the Issuance - The fundraising aligns with industry development trends and the company's future plans, enhancing financial strength and profitability while optimizing capital structure [4][5]. Relationship of Fundraising Projects to Existing Business - The raised funds will be allocated to three construction projects and to supplement working capital, which are closely related to the company's main business and will enhance production scale and market share [5][6]. Measures to Mitigate Dilution of Immediate Returns - The company plans to accelerate project investment progress and improve the efficiency of fund usage to mitigate the dilution of immediate returns [7]. - A management plan for the raised funds has been established to ensure proper storage and usage, with ongoing supervision by the board [7]. - The company aims to enhance governance and cost management to improve operational efficiency and profitability [7][8]. Commitments from Major Stakeholders - The controlling shareholders and management have made commitments to ensure the effectiveness of measures to compensate for the dilution of immediate returns [9][10].