LAT(SZ:000697) Shang Hai Zheng Quan Bao·2025-11-20 18:15Group 1 - The company,炼石航空科技股份有限公司, has entered the restructuring phase after the Chengdu Intermediate People's Court approved its restructuring plan on November 12, 2025 [3][25]. - The restructuring plan includes a capital reserve increase to share capital, where the total share capital will increase from 873,100,876 shares to 1,396,088,300 shares, with a ratio of 5.99 shares for every 10 shares [4][27]. - The newly issued shares will not be distributed to existing shareholders but will be allocated by the management according to the restructuring plan [5][27]. Group 2 - Of the newly issued shares, 200,000,000 shares will be used to attract restructuring investors, who will pay a total of 1,238,000,000.00 yuan for these shares [5][20]. - The remaining 322,987,424 shares will be allocated to creditors as part of the debt repayment process [6][27]. - The average price for the capital reserve increase is calculated to be 7.26 yuan per share, based on the total amount of debt repayment and the cash paid by restructuring investors [7][28]. Group 3 - The company has adjusted the ex-rights price calculation formula to reflect the specific circumstances of the restructuring, which differs from typical capital reserve increases [9][15]. - The adjustment is necessary to ensure that the stock price accurately reflects the company's improved fundamentals post-restructuring [12][15]. - The company has received all restructuring investment funds from investors as per the pre-restructuring investment agreement, totaling 1,238,000,000.00 yuan [21][20].