Jilin OLED(SH:688378) Sou Hu Cai Jing·2025-09-11 14:36Core Viewpoint - Jilin OLED Materials Co., Ltd. plans to raise up to 299.86 million yuan through a simplified procedure for a specific group of investors to fund its OLED display core material production base project and supplement working capital [1][2]. Group 1: Stock Performance - As of September 11, 2025, the stock price of OLED closed at 26.47 yuan, up 2.2% from the previous trading day, with a total market capitalization of 6.598 billion yuan [1]. - The stock opened at 25.6 yuan, reached a high of 26.95 yuan, and a low of 25.28 yuan, with a trading volume of 2.32 billion yuan and a turnover rate of 3.7% [1]. Group 2: Fundraising Details - The company intends to issue 17,433,843 shares at a price of 17.20 yuan per share to 12 specific investors, including Ran Qiqiong, Hu Baoxing, Nord Fund, and Caitong Fund [1]. - The fundraising will not lead to a change in the company's control, and the funds raised will enhance the company's capital strength and optimize its capital structure [1]. Group 3: Project Implementation - The project will be implemented by the wholly-owned subsidiary, OLED Changxin, which has already obtained land use rights and environmental impact assessment approval [1]. - After the issuance is completed, the undistributed profits will be shared between new and existing shareholders [1]. Group 4: Board Meetings and Approvals - The company held its 13th meeting of the fifth board of directors to review related proposals and subsequently held the 16th meeting to approve the stock issuance results and sign conditional share subscription agreements [2]. - The revised proposal has been disclosed on the Shanghai Stock Exchange website and does not require further approval from the shareholders' meeting [2].