Summary of the Issuance Announcement Core Viewpoint The announcement details the completion of a specific issuance of A-shares by Beijing Yandong Microelectronics Co., Ltd., including the number of shares issued, pricing, and the implications for the company's capital structure and shareholder distribution. Group 1: Issuance Overview - The company issued a total of 225,083,986 shares at a price of 17.86 RMB per share [1][5] - The shares were fully subscribed in cash, with no asset transfer involved [6] - The shares will be subject to a 36-month lock-up period before they can be transferred [8] Group 2: Fundraising and Financial Impact - The total amount raised from the issuance is approximately 4.02 billion RMB, with a net amount of about 4.01 billion RMB after deducting issuance costs [5] - The funds will be used for the 12-inch integrated circuit production line project and to supplement working capital [12] - The issuance is expected to enhance the company's asset scale and reduce financial risk, thereby optimizing the capital structure [12] Group 3: Shareholder Structure Changes - Before the issuance, the largest shareholder, Beijing Electronic Holdings Co., Ltd., held 34.96% of the shares [10] - Post-issuance, this shareholder's stake increased to 45.21%, indicating a significant concentration of ownership [11] - The issuance does not alter the control of the company, as Beijing Electronic remains the controlling shareholder [12] Group 4: Compliance and Regulatory Approval - The issuance process adhered to all necessary internal and external approval procedures, receiving the required regulatory approvals from the Shanghai Stock Exchange and the China Securities Regulatory Commission [6][7] - The legal and financial advisors confirmed the compliance of the issuance process with relevant laws and regulations [7][12]
燕东微: 向特定对象发行A股股票结果暨股本变动的公告