Zheng Quan Zhi Xing·2025-08-12 16:14Summary of Key Points Core Viewpoint The report outlines the compliance and process of the issuance of A-shares by Fenghuo Communication Technology Co., Ltd. to a specific investor, China Information Communication Technology Group Co., Ltd., following the approval from the China Securities Regulatory Commission. Group 1: Issuance Overview - The issuance will be conducted through a private placement to a specific investor [1] - The type of shares issued will be domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [2] - The initial issuance price was set at RMB 12.88 per share, later adjusted to RMB 12.71 per share due to a cash dividend distribution [3][4] Group 2: Issuance Details - The total number of shares to be issued is 86,546,026, which does not exceed 30% of the company's total share capital prior to the issuance [4] - The shares will be subject to a lock-up period of 36 months post-issuance [4] - The total amount of funds raised from this issuance is RMB 1,099,999,990.46, after deducting issuance costs [5] Group 3: Compliance and Approval Process - The issuance has undergone necessary internal decision-making processes and received approval from the board of directors and shareholders [6][8] - The issuance has been approved by the China Securities Regulatory Commission, confirming compliance with relevant laws and regulations [8][13] - The report confirms that the issuance process and the selection of the investor align with the interests of the company and its shareholders [14][15] Group 4: Investor Details - The sole investor in this issuance is China Information Communication Technology Group Co., Ltd., which is an affiliate of the company [4][11] - The funds used for the subscription are confirmed to be from legitimate sources, ensuring compliance with regulations [11][15] - The investor's risk profile aligns with the risk level of the investment, classified as R3 [9][10]