Zhong Guo Jing Ji Wang·2025-10-17 02:40Core Viewpoint - The issuance of securities by Guotou Fengle has been approved by the Shenzhen Stock Exchange, with the funds aimed at enhancing liquidity and repaying bank loans [1][4]. Group 1: Securities Issuance Details - Guotou Fengle plans to issue up to 184,204,494 shares, which is no more than 30% of the company's total share capital prior to the issuance [4]. - The shares will be priced at 5.91 RMB per share, which is at least 80% of the average trading price over the 20 trading days preceding the pricing benchmark date [4]. - The total amount to be raised from this issuance is capped at 1,088.6486 million RMB, which will be used entirely for enhancing working capital and repaying bank loans [4]. Group 2: Shareholder and Control Information - The controlling shareholder remains Guotou Zhongye, and the actual controller is still the State-owned Assets Supervision and Administration Commission of the State Council, indicating no change in control post-issuance [4]. - The issuance will not lead to any changes in the company's control structure [4]. Group 3: Company Name Change - As of August 22, 2025, the company's name will change from "Fengle Seed" to "Guotou Fengle," while the stock code "000713" will remain unchanged [5]. - The underwriting institution for this issuance is CITIC Securities, with Liu Haibin and Han Yong as the sponsoring representatives [5].