Sunway(SH:603333) Zheng Quan Zhi Xing·2025-07-16 12:11Core Viewpoint - The company is issuing A-shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][5]. Financial Impact of the Stock Issuance - The maximum number of shares to be issued is 181,338,685, which will increase the total share capital from 621,527,586 to 802,866,271 shares [2][3]. - The company estimates three scenarios for the impact on earnings per share (EPS) based on net profit changes: a 20% increase, no change, and a 20% decrease compared to 2024 [3][4]. - Under the assumption of a 20% increase in net profit, the diluted EPS (non-recurring) is projected to be 0.02 yuan per share post-issuance, compared to 0.01 yuan per share pre-issuance [4]. Necessity and Reasonableness of the Issuance - The funds raised will be used for projects that align with the company's development strategy and industry trends, enhancing overall strength and benefiting all shareholders [5][6]. Relationship of Fundraising Projects to Existing Business - The funds will support digital upgrades, marketing initiatives, and working capital, which are essential for improving management efficiency and service capabilities [6]. Measures to Address Dilution of Immediate Returns - The company will manage the raised funds strictly according to regulations, ensuring they are used for the intended purposes [7]. - Governance structures will be enhanced to protect shareholder rights and ensure effective decision-making [7]. - Internal controls and talent management will be improved to boost operational efficiency and reduce costs [7]. - A profit distribution policy will be implemented to ensure consistent returns to investors [7]. Commitments from Relevant Parties - The controlling shareholder and management have committed to fulfilling the measures to compensate for the dilution of immediate returns, with legal accountability for any breaches [8][9].