Unionman Technology (SH:688609) Zhong Guo Jing Ji Wang·2025-10-13 03:05Core Viewpoint - Jiulian Technology (688609.SH) plans to raise up to 181.77 million yuan through a simplified procedure for a private placement of shares, with the funds allocated for the development of Harmony ecosystem smart terminals and communication modules, as well as for replenishing working capital and repaying bank loans [1][2]. Fundraising Details - The total investment for the Harmony ecosystem smart terminal and communication module project is 150.57 million yuan, with 127.24 million yuan expected to be funded from the raised capital [2]. - The remaining 54.53 million yuan will be used for replenishing working capital and repaying bank loans [2]. - The total amount of funds raised will not exceed 181.77 million yuan, and the total investment for all projects is 205.10 million yuan [2]. Share Issuance Information - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan each [2]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) registers the decision [2]. - The pricing benchmark for the issuance is set at 80% of the average trading price over the last 20 trading days prior to the issuance date [3]. Shareholder Structure and Control - The issuance will not exceed 30% of the company's total share capital before the issuance, and the dilution effect on existing shareholders will be limited [4]. - The company has been operating at a loss for two and a half years, with a net profit attributable to shareholders of -142 million yuan in 2024, an improvement from -199 million yuan in the previous year [4]. - The major shareholders, Zhan Qijun and Lin Rong, hold a combined 20.50% of the company's total shares, ensuring that control remains unchanged post-issuance [3][4]. Historical Context - Jiulian Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 23, 2021, with an initial issuance of 100 million shares at a price of 3.99 yuan per share [5]. - The company raised a total of 399 million yuan during its IPO, with net proceeds of 345 million yuan allocated for various projects including the expansion of home network communication terminal equipment [5].