科大讯飞: 2025年度向特定对象发行A股股票预案

Core Viewpoint - iFLYTEK plans to issue A-shares to specific investors in 2025, aiming to strengthen its position in the rapidly evolving artificial intelligence sector and secure funding for ongoing technological advancements [1][10][19]. Summary by Sections Issuance Overview - The issuance plan was approved by the board on August 20, 2025, and requires shareholder approval and regulatory consent before implementation [1][2]. - The maximum number of shares to be issued is 100 million, representing 4.33% of the total share capital prior to the issuance [3][23]. Target Investors - The issuance will target up to 35 specific investors, including Yanzhi Technology, which is controlled by the company's actual controller, Liu Qingfeng, with a planned subscription amount between 250 million and 350 million RMB [1][19]. - Other investors may include securities investment funds, securities companies, trust companies, and qualified foreign institutional investors [2][21]. Pricing and Issuance Method - The shares will be issued through a competitive bidding process, with the issuance price set at no less than 80% of the average trading price over the previous 20 trading days [2][20]. - If the competitive bidding does not yield a price, Yanzhi Technology will still participate at the minimum price [3][23]. Fundraising Purpose - The total amount to be raised is capped at 4 billion RMB, with funds allocated to various projects totaling 4.32571 billion RMB [5][24]. - The funds will be used for advancing AI technology and enhancing the company's competitive edge in the education sector [17][24]. Regulatory Compliance - The issuance complies with relevant laws and regulations, ensuring that it does not alter the company's control or violate listing conditions [5][6]. - The decision on the issuance's validity will remain effective from the date of shareholder approval [6]. Market Context - The global AI market is projected to see significant investment growth, with China emerging as a key player in AI development, reflecting a broader trend of increasing capital allocation to AI technologies [10][12][11]. - The company aims to leverage its first-mover advantage in domestic AI technology to capture strategic opportunities in the evolving market landscape [17][18].