LEO(SZ:002131) Zheng Quan Zhi Xing·2025-09-07 09:15Core Viewpoint - The company, Leo Group Co., Ltd., has approved a proposal to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global development strategy and brand recognition [1][2]. Group 1: H-Share Issuance Proposal - The Supervisory Board unanimously approved the proposal for issuing H-shares, with 100% of the votes in favor [1]. - The issuance aims to meet the company's global development needs and enhance its capital operation capabilities [1]. - The proposal will be submitted to the shareholders' meeting for approval, requiring a two-thirds majority of the voting rights present [2]. Group 2: Issuance Details - The H-shares will be publicly offered on the main board of the Hong Kong Stock Exchange, with a nominal value of RMB 1.00 per share [2][3]. - The timing of the issuance will be determined by the Board based on market conditions and regulatory approvals [2][3]. - The issuance method includes both public offering in Hong Kong and international placement [3][4]. Group 3: Issuance Scale and Pricing - The proposed issuance will not exceed 15% of the total share capital post-issuance, with an option for an additional 15% in case of over-allotment [4][5]. - The pricing will be determined through a roadshow and book-building process, considering market conditions and comparable company valuations [5][6]. Group 4: Fund Utilization - The funds raised will be used for AI infrastructure development, enhancing manufacturing R&D capabilities, global expansion, and operational funding [9][10]. - The Board is authorized to adjust the fund utilization plan based on regulatory feedback and operational needs [10]. Group 5: Corporate Governance and Compliance - The company will revise its articles of association and internal governance structures to comply with H-share listing requirements [11][12]. - The proposal includes hiring Tianjian International Accounting Firm for auditing the H-share issuance [14][15]. Group 6: Related Party Transactions - The Supervisory Board approved a proposal for providing guarantees to related parties, stating that it will not adversely affect the company's operations [17][18].