Zhong Guo Jing Ji Wang·2025-10-13 02:25Core Viewpoint - Tianyin Holdings has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Summary by Sections Issuance Details - The company plans to raise a total of up to 1.708 billion yuan through the issuance of A-shares, with the funds allocated to various projects including marketing network construction, digital platform development, lottery research and industrialization, headquarters management center construction, and replenishing working capital [1][2] - The total investment for the projects is estimated at 2.206 billion yuan, with the specific allocation of raised funds detailed for each project [2] Investor Information - The issuance will involve no more than 35 specific investors, including the controlling shareholder, Shenzhen Investment Holdings [2][3] - Other potential investors include securities investment fund management companies, securities firms, trust investment companies, financial companies, insurance institutional investors, qualified foreign institutional investors, and other qualified domestic legal entities and individuals [2] Shareholder Dynamics - Shenzhen Investment Holdings is expected to subscribe for 19.03% of the total raised funds, maintaining its status as the controlling shareholder post-issuance [3][5] - The issuance will not change the control of the company, as Shenzhen Investment Holdings will continue to hold the majority of voting rights [5] Regulatory Compliance - The issuance is subject to approval from the CSRC, and the final number of shares to be issued will be determined based on the CSRC's registration approval [1][3] - The pricing for the shares will be based on the average trading price over the 20 trading days prior to the pricing date, with a minimum price set at 80% of this average [3]