Zheng Quan Zhi Xing·2025-08-26 16:45Core Viewpoint - Shenzhen Megmeet Electric Co., Ltd. plans to issue shares to specific investors in 2025, with the underwriting by Guojin Securities Co., Ltd. The issuance aims to raise funds for various projects aligned with the company's core business in the power electronics sector. Group 1: Issuance Overview - The issuance will be directed towards specific investors, including the company's controlling shareholder, with a maximum of 35 investors participating [16][17] - The total number of shares to be issued will not exceed 163,694,084 shares, which is 30% of the company's total share capital prior to the issuance [19] - The issuance price will be determined through a bidding process, with the minimum price set at 80% of the average trading price over the previous 20 trading days [16][11] Group 2: Use of Proceeds - The funds raised will be allocated to several projects, including the expansion of the global R&D center, the construction of an intelligent power and control R&D testing center, and the expansion of production bases in Thailand and Zhuzhou [12][13] - The projects are closely related to the company's main business in the electrical automation industry and are not in overcapacity or restricted industries [12][13] Group 3: Compliance and Regulatory Aspects - The issuance has been approved by the company's board and shareholders, complying with the relevant laws and regulations [10][12] - Guojin Securities has conducted necessary due diligence and confirmed that the application documents meet legal requirements without any false statements or omissions [10][6] Group 4: Financial and Operational Context - The company operates in a technology-intensive industry, focusing on power electronics and related control technologies, with a diverse product range including smart appliances, medical devices, and industrial automation [23][24] - The company has experienced fluctuations in gross profit margins, which were 23.57%, 24.54%, 25.07%, and 22.77% over the past years, indicating potential pressure from market competition and raw material costs [24]