Zhong Guo Jing Ji Wang·2025-08-17 08:42Core Viewpoint - The company, Cambricon Technologies (688256.SH), has received approval from the Shanghai Stock Exchange for its application to issue A-shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Summary by Sections Issuance Details - The company plans to raise a total of up to 398.53273 million yuan through this issuance, which will be allocated to projects related to large model chip platforms, large model software platforms, and to supplement working capital [1]. - The issuance will consist of domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan per share, targeting no more than 35 specific investors [2]. Pricing and Subscription - All shares will be subscribed for in cash at the same price, with the issuance price set at no less than 80% of the average trading price of the company's A-shares over the 20 trading days prior to the pricing date [3]. - The total number of shares issued will not exceed 2,091,751.11 shares, which is capped at 5% of the company's total share capital prior to the issuance [3]. Shareholder Structure - The controlling shareholder and actual controller of the company is Chen Tian Shi, who holds 28.57% of the total share capital directly and has an additional 7.33% through Beijing Aixi Technology Center [4]. - Post-issuance, if the maximum number of shares is issued, Chen Tian Shi's voting power will decrease to 34.19%, but he will remain the controlling shareholder [5]. Underwriting - The lead underwriter for this issuance is CITIC Securities Co., Ltd., with representatives Peng Jie and Hou Lixiang [5].