Core Viewpoint - The company, Wuxi Xinhongye Cable Technology Co., Ltd., has approved a plan for a simplified procedure to issue shares to specific investors in 2025, aiming to raise funds for the development and industrialization of special cables for new-generation nuclear power plants. Group 1: Board Meeting Details - The second session of the company's second board meeting was held on September 5, 2025, with all seven directors present, meeting the legal requirements for a valid meeting [1]. - The meeting was convened by Chairman Mr. Bu Xiaohua and was attended by senior management [1]. Group 2: Share Issuance Plan - The company plans to issue shares to no more than 35 specific investors, including qualified institutional investors and individuals, following the approval from the China Securities Regulatory Commission (CSRC) [2]. - The shares will be issued at a price not lower than 80% of the average stock price over the 20 trading days prior to the pricing date [3]. - The total amount to be raised from this issuance is capped at 285 million yuan, with net proceeds allocated to specific projects [4]. Group 3: Fund Utilization - The funds raised will be used for the research and industrialization of special cables for new-generation nuclear power plants, with a total project investment of 319 million yuan [4]. - The company will initially use self-raised funds for the project until the raised funds are available, at which point the self-raised funds will be replaced [4]. Group 4: Regulatory Compliance and Reporting - The company has prepared various reports related to the share issuance, including feasibility analysis and the impact on immediate returns, which have been approved by the board [6][7][8]. - The board has also approved a report on the use of previously raised funds, which has been verified by an external accounting firm [9]. Group 5: Upcoming Shareholder Meeting - A third extraordinary general meeting of shareholders is scheduled for September 22, 2025, to discuss the approved proposals that require shareholder approval [8][10].
鑫宏业: 第二届董事会第二十八次会议决议公告