Youngsun Intelligent(SH:603901) Zheng Quan Zhi Xing·2025-08-29 16:50Core Viewpoint - The company, Hangzhou Yongchuang Intelligent Equipment Co., Ltd., has approved a plan to issue A-shares to specific investors through a simplified procedure, aiming to raise up to 300 million RMB for investment projects [1][5]. Group 1: Issuance Details - The type of stock to be issued is domestic listed ordinary shares (A-shares) with a par value of 1.00 RMB per share [1]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) grants registration approval [2]. - The issuance targets no more than 35 specific investors, including qualified institutional investors and natural persons [2]. - The pricing benchmark date will be the first day of the issuance period, with the issuance price set at no less than 80% of the average trading price over the previous 20 trading days [3]. - The maximum number of shares to be issued will not exceed 30% of the company's total shares prior to the issuance, with total fundraising not exceeding 300 million RMB [4]. Group 2: Fund Utilization - The funds raised will be used for a project to produce 3,500 sets of digital intelligent solid-state food packaging equipment, with a total investment of 301.93 million RMB [5]. - The company may initially use self-raised funds for the project before the raised funds are available, and any shortfall will also be covered by self-raised funds [5]. Group 3: Lock-up Period and Listing - The shares issued will have a lock-up period of six months from the issuance completion date, with certain investors subject to an 18-month lock-up [6]. - The shares will be listed for trading on the Shanghai Stock Exchange [6]. Group 4: Profit Distribution - The undistributed profits prior to the issuance will be shared among new and existing shareholders based on their respective shareholding ratios after the issuance [6]. Group 5: Validity of Resolution - The resolution for this issuance will remain valid until the annual general meeting in 2024, subject to any new regulations from national laws [6].