ZXFC(SZ:002915) Zheng Quan Zhi Xing·2025-07-07 14:13Core Viewpoint - The company plans to issue shares to specific investors to raise up to RMB 226 million to enhance its capital strength, optimize its capital structure, and improve profitability and market competitiveness [1][4][19] Group 1: Background and Purpose of the Issuance - The new materials industry is a strategic and foundational sector, crucial for modern industrial systems, and has been receiving increased support from the government, leading to rapid development and significant market potential [1][2] - The issuance aims to meet the growing demand for fluorine fine chemicals in the new materials sector, which is experiencing rapid expansion due to technological breakthroughs and domestic production capabilities [3][4] Group 2: Use of Proceeds - The funds raised will be used to establish a production line for 2,000 tons of BPEF, a high-performance polymer material, which is expected to enhance the company's product offerings and market influence [3][4] - The issuance will also support the company's working capital needs, allowing for continued investment in research and development and capacity expansion [4][5] Group 3: Necessity and Feasibility of the Issuance - The issuance aligns with national industrial policies and the company's strategic planning, providing a feasible path to enhance its market position and risk resilience [4][6] - The company has established a complete industrial chain in fluorine fine chemicals, covering various applications, which supports the rationale for the issuance [3][4] Group 4: Securities and Pricing - The shares will be issued as RMB ordinary shares (A shares) with a par value of RMB 1.00, using a simplified procedure for specific investors [6][7] - The pricing will be based on the average trading price over the 20 trading days prior to the pricing date, ensuring compliance with regulatory requirements [7][8] Group 5: Impact on Shareholder Rights - The company has conducted an analysis of the potential dilution of immediate returns for existing shareholders and has proposed measures to mitigate this impact [16][18] - Commitments have been made by the company's management to ensure that the interests of shareholders, particularly minority investors, are protected throughout the process [18][19] Group 6: Conclusion - The issuance is deemed necessary and feasible, with a fair and reasonable plan that aligns with the company's development strategy and benefits all shareholders [19]