


Core Viewpoint - The Shanghai Stock Exchange has approved the refinancing plan of Bluestar Adisseo Co., Ltd. (stock code: 600299) for a non-public issuance of shares, aiming to raise up to 3 billion yuan [1][3]. Financing Details - The total amount of funds to be raised is capped at 3 billion yuan, which will be allocated to various projects including functional products, specialty products, sustainable development projects, and to supplement working capital [3][4]. - The issuance will involve the issuance of domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share [4][5]. Project Allocation - The funds will be distributed across several projects: - Functional Products Project: Total investment of 493.2 million yuan, with 174.3 million yuan from the raised funds [4]. - Specialty Products Project: Total investment of 70 million yuan, with 25.7 million yuan from the raised funds [4]. - Sustainable Development Project: Total investment of 32.5 million yuan, with 10 million yuan from the raised funds [4]. - Supplementing Working Capital: 90 million yuan entirely from the raised funds [4]. Issuance Structure - The issuance will target no more than 35 specific investors, including qualified institutional investors and natural persons [5]. - The number of shares issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 804,570,381 shares [6]. Control and Governance - The controlling shareholder of the company is Bluestar Group, with the State-owned Assets Supervision and Administration Commission of the State Council as the actual controller [6].