Core Viewpoint - Shenzhen Chuangyitong Technology Co., Ltd. plans to issue shares to specific investors through a simplified procedure in 2025, aiming to raise up to 1.28 billion RMB for the production of new energy precision connectors and structural components [2][19][22]. Group 1: Issuance Details - The issuance plan was approved by the board of directors on August 29, 2025, and requires approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2][21]. - The total amount to be raised is capped at 128 million RMB, with the net proceeds allocated entirely to the new energy precision connector and structural component production project [3][19][22]. - The issuance will involve no more than 35 specific institutional investors, including qualified foreign institutional investors and other legal entities [14][16]. Group 2: Project Purpose and Background - The project aims to enhance production capacity in response to the growing demand for new energy connectors, driven by the rapid growth of the new energy vehicle market [10][12][13]. - The Chinese government has implemented supportive policies for the electronic components industry, particularly for connectors, which are crucial for new energy vehicles [9][10][25]. - The company seeks to optimize its product structure and reduce reliance on traditional consumer electronics by expanding its presence in the new energy sector [12][23]. Group 3: Financial and Operational Impact - The project is expected to significantly increase the company's production capacity for new energy connectors, thereby improving revenue and profitability [12][13][22]. - The company plans to utilize advanced manufacturing equipment to enhance production precision and efficiency, which is critical for meeting the stringent requirements of the automotive industry [23][24]. - The funding will also support the development of a robust supply chain and customer relationships, ensuring the successful absorption of the new production capacity [26][27].
创益通: 2025年度以简易程序向特定对象发行股票预案