KE Electric(SH:603050) Shang Hai Zheng Quan Bao·2025-09-17 20:24Core Viewpoint - The company, Shijiazhuang Kelin Electric Co., Ltd., is making a correction to its announcement regarding the issuance of A-shares to specific investors, clarifying the maximum number of shares to be issued and the implications for control rights post-issuance [1][2][3]. Group 1: Issuance Details - The company plans to issue no more than 92,649,783 shares, which will not exceed 30% of the total share capital before the issuance [1][2]. - The issuance is expected to raise up to RMB 150 million, with the final amount depending on the actual number of shares issued and their price [13][50]. - The issuance will be conducted through a subscription agreement with Shijiazhuang Hisense Energy Holdings Co., Ltd., which is an affiliate of the company's controlling shareholder [6][11]. Group 2: Control and Voting Rights - Following the issuance, the indirect control of the company by Hisense Group will increase, with the total shares held rising to 233,557,617, representing 47.09% of the total share capital post-issuance [2][7]. - The voting rights held by Hisense Group will increase to 272,155,887 shares, accounting for 54.87% of the total post-issuance share capital [2][7]. Group 3: Financial and Operational Impact - The funds raised will be used to meet the company's operational needs, enhance its industry position, and support research and development efforts [26][28]. - The issuance is expected to improve the company's capital structure, reduce debt levels, and enhance its ability to manage risks [28][30]. - The company aims to accelerate the transformation of technological achievements and improve the competitiveness of its core products through increased R&D investment [27][29]. Group 4: Regulatory and Approval Process - The issuance is subject to approval by the company's shareholders and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [11][12]. - The company has committed to ensuring that the issuance process adheres to all relevant laws and regulations, maintaining transparency and fairness [63][70].