MPCSH(SZ:000637) Zheng Quan Zhi Xing·2025-08-31 08:12Group 1 - The company plans to issue A-shares to a specific target, with the total amount raised not exceeding RMB 531.8324 million, which will be used to supplement working capital [4][15][29] - The issuance has been approved by the company's board and is subject to further approval from the shareholders' meeting and regulatory authorities [2][21] - The controlling shareholder, Maoming Port, will subscribe to the shares using cash and has signed a conditional subscription agreement [2][29] Group 2 - The issuance price is set at RMB 3.41 per share, which is not less than 80% of the average stock price over the 20 trading days prior to the pricing benchmark date [3][30] - The maximum number of shares to be issued is capped at 155,962,606 shares, which is not more than 30% of the company's total share capital before the issuance [17][30] - The shares subscribed by Maoming Port will be subject to a lock-up period of 36 months from the date of issuance [6][32] Group 3 - The issuance will not change the company's control, as Maoming Port will remain the controlling shareholder after the issuance [20][28] - The company is focused on enhancing its asset quality and achieving high-quality development in line with national capital market reforms [12][14] - The company operates in the petrochemical industry, producing various chemical products and is strategically located near major economic zones, providing a competitive advantage [13][14]