Zheng Quan Zhi Xing·2025-07-10 11:07Core Viewpoint - The company, Foshan Guoxing Optoelectronics Co., Ltd., has approved a plan to issue A-shares to specific investors, including its controlling shareholder, Foshan Electric Lighting Co., Ltd., with a total expected fundraising amount of up to 981.32 million yuan [9][10]. Group 1: Meeting and Resolutions - The sixth supervisory board meeting was held on July 10, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1]. - The supervisory board approved the proposal for the company to meet the conditions for issuing shares to specific objects, with a voting result of 2 in favor and 0 against [2]. Group 2: Issuance Details - The company plans to issue A-shares with a par value of 1.00 yuan each to no more than 35 specific investors, including Foshan Electric Lighting, which intends to subscribe for 116 million yuan worth of shares [3][4]. - The issuance will be conducted in cash, and the final subscription amount will be determined based on the actual issuance price [5][6]. Group 3: Pricing and Conditions - The pricing benchmark for the issuance will be the first day of the issuance period, with the price set at no less than 80% of the average trading price over the previous 20 trading days [5][6]. - The maximum number of shares to be issued will not exceed 30% of the total share capital before the issuance, amounting to a maximum of 185,543,150 shares [6][7]. Group 4: Fund Utilization - The total expected fundraising amount is 981.32 million yuan, which will be used for the construction of ultra-high-definition display Mini/Micro LED and display module production projects [9][10]. - If the net amount raised is less than the total investment required, the company will cover the shortfall with its own funds or other financing methods [10]. Group 5: Regulatory Compliance - The proposals will be submitted for review at the company's first extraordinary general meeting of shareholders in 2025 [2][11]. - The company will establish a special account for the management of the raised funds to ensure proper usage and efficiency [13].