Zheng Quan Zhi Xing·2025-08-27 12:13Core Viewpoint - The company has approved a plan to issue H shares to a specific investor, Hebei Construction Investment Group, to raise funds for wind power and gas power projects, as well as for general working capital [1][2][3] Group 1: H Share Issuance Details - The type of shares to be issued is H shares with a par value of RMB 1 per share [1] - The issuance price is set at HKD 4.93 per share [2] - A total of 307,000,000 H shares will be issued [2] - The total amount of funds raised is expected to be HKD 1,513,510,000 [2] - Approximately 80% of the funds will be allocated to wind power and gas power projects, while 20% will be used for working capital and other general purposes [2] Group 2: Approval and Compliance - The issuance plan has been reviewed and approved by the company's strategic and investment committee, audit committee, and independent directors, confirming its compliance with relevant laws and regulations [3][4][5] - The plan requires approval from the company's shareholders' meeting [4][5] Group 3: Related Transactions - The company has signed a subscription agreement with Hebei Construction Investment Group for the purchase of the H shares [4][5] - The shares subscribed by Hebei Construction Investment Group will be subject to a 36-month lock-up period [2] Group 4: Shareholder Meeting Proposals - The company proposes to authorize the board to handle all matters related to the H share issuance [6][7] - The board seeks shareholder approval for Hebei Construction Investment Group to be exempt from making a mandatory offer following the share issuance [8][9] - An independent board committee will be established to provide opinions on the subscription agreement and related matters [10]