BAIC BluePark(SH:600733) Zhong Guo Jing Ji Wang·2025-11-02 08:00Core Viewpoint - The company, Beiqi Blue Valley New Energy Technology Co., Ltd., plans to raise up to RMB 600 million through a private placement of shares to fund projects related to new energy vehicle development and AI intelligent platform development [1][2]. Group 1: Fundraising Details - The total investment for the new energy vehicle development project is RMB 742.545 million, with RMB 500 million allocated from the raised funds [2]. - The AI intelligent platform and smart driving system development project has a total investment of RMB 137.182 million, with RMB 100 million from the raised funds [2]. - The total amount of funds to be raised is RMB 600 million, which will be used for the above projects [2]. Group 2: Share Issuance and Participants - The share issuance will involve no more than 35 specific investors, including the controlling shareholder, Beiqi Group, and its affiliate, Foton Motor [2][3]. - Other potential investors include securities investment fund management companies, securities firms, financial companies, asset management companies, insurance institutions, trust companies, and qualified foreign institutional investors [2]. - The issuance will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 1,672,050,950 shares [3][4]. Group 3: Shareholder Structure - As of March 31, 2025, Beiqi Group holds 23.11% of the company's shares directly, with additional indirect holdings bringing its total stake to 42.14%, maintaining its status as the controlling shareholder [4]. - The actual controller of the company is the Beijing State-owned Assets Supervision and Administration Commission, ensuring that the control will not change post-issuance [4].