GRIAM(SH:600206) Zhong Guo Jing Ji Wang·2025-10-10 02:41Core Viewpoint - The company, Youyan New Materials, has received approval from the Shanghai Stock Exchange for its plan to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Group 1: Share Issuance Details - The company plans to raise a total of no more than 319,900,007.18 yuan, which will be used to repay specific national funding debts after deducting issuance costs [1]. - The share issuance will involve 45,375,887 shares, which is not more than 30% of the company's total share capital prior to the issuance [2]. - The initial issue price is set at 7.16 yuan per share, which is 80% of the average trading price over the 20 trading days prior to the pricing date [1]. Group 2: Shareholder Impact - The controlling shareholder, China Youyan, currently holds 33.09% of the company's shares and is the sole subscriber for this issuance [2]. - Following the issuance, China Youyan's stake is expected to increase to 36.49%, maintaining its status as the controlling shareholder [2]. - The actual control of the company will remain unchanged, as it is still under the State-owned Assets Supervision and Administration Commission of the State Council [2]. Group 3: Regulatory and Advisory Information - The issuance is sponsored by Huatai United Securities Co., Ltd., with representatives Wen Beibei and Zhen Qing overseeing the process [3].