Zhong Guo Jing Ji Wang·2025-07-14 03:32Core Viewpoint - The company, ZheJiang ZhaoLong Interconnect Technology Co., Ltd., has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission [1][2]. Group 1: Issuance Details - The company plans to issue shares to no more than 35 specific investors, with the final selection to be determined by the board of directors after receiving approval from the China Securities Regulatory Commission [2]. - The total amount to be raised from this issuance is not to exceed 119.5 million yuan, which will be used for the construction of a production base in Thailand, smart manufacturing projects for high-speed cables and connectors, and to supplement working capital [2][3]. - The number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 77,868,520 shares [2]. Group 2: Project Allocation - The funds raised will be allocated as follows: 66 million yuan for the Thailand production base, approximately 41.39 million yuan for the smart manufacturing project, and 12.11 million yuan to supplement working capital, totaling 119.5 million yuan [3]. - The total investment for the projects is estimated at 121.31 million yuan, indicating that the company will cover the difference from its own resources [3]. Group 3: Control and Sponsorship - The company's controlling shareholder remains ZhaoLong Holdings, and the actual controller is Yao Jinlong, ensuring that the control of the company will not change as a result of this issuance [4]. - The lead underwriter for this issuance is CITIC Securities Co., Ltd., with representatives Zhou Weifeng and Yu Kangze overseeing the process [4].