SHHDKJ(SH:603192) Zheng Quan Zhi Xing·2025-08-25 16:12Core Viewpoint - Shanghai Huide Technology Co., Ltd. is preparing to issue A-shares to specific investors in 2025, with the total amount of funds raised not exceeding RMB 580 million, which will be used for polyurethane new material projects [13][14]. Group 1: Issuance Approval and Authorization - The company's board of directors and shareholders have approved the resolution to issue A-shares to specific investors, which will be submitted for review at the first temporary shareholders' meeting in 2025 [9][15]. - The issuance plan includes several proposals, such as the feasibility analysis report for the use of raised funds and measures to mitigate the dilution of immediate returns [8][9]. Group 2: Issuance Details - The issuance will involve the issuance of domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [10]. - The issuance will target no more than 35 specific investors, including qualified domestic institutional investors and natural persons, with all investors subscribing at the same price in cash [10][24]. - The final issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date [12][24]. Group 3: Fund Utilization - The net proceeds from the issuance will be fully allocated to the polyurethane new material project, and if the actual net proceeds are less than the planned amount, the company will adjust the investment projects accordingly [14][22]. - The company may use self-raised funds for the project before the proceeds are in place, with a plan to replace them once the funds are available [14]. Group 4: Company Background - Shanghai Huide Technology Co., Ltd. was established on June 25, 2007, with a registered capital of RMB 1.4113 billion and is engaged in the research, production, and sales of polyurethane resin products [16][17]. - The company is listed on the Shanghai Stock Exchange, with its stock trading under the name "Huide Technology" and the stock code "603192" [17][32]. Group 5: Shareholder Structure - The major shareholders include Huide Group, which holds 35% of the shares, and the actual controllers are Qian Jianzhong and Yan Qun, who collectively control 69.07% of the company [30][31]. - The controlling shareholder's shares are not pledged, ensuring stability in the company's ownership structure [31].