SHIHUA(SH:688093) Zhong Guo Jing Ji Wang·2025-07-04 03:09Core Viewpoint - The company, Shihua Technology, has announced its plan to issue shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance is not to exceed 600 million yuan (approximately 60 million) [1][2] - The net proceeds from the issuance will be used for the optical display film material expansion project [1][2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities [2][3] Group 2: Shareholder Structure and Control - The maximum number of shares to be issued is 78,789,393, which will not exceed 30% of the company's total share capital prior to the issuance [3][4] - The current controlling shareholders, including Gu Zhengqing and his associates, collectively control 71.27% of the voting rights [3][4] - Post-issuance, if the maximum number of shares is issued and assuming no participation from the current controlling shareholders, their voting rights would decrease to 54.82%, but they would still maintain control [4] Group 3: Regulatory and Procedural Aspects - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3] - The company will disclose further information regarding the issuance process and any potential related party transactions after the issuance is completed [2][3] - The lead underwriter for this issuance is Huatai United Securities Co., Ltd. [4]