Core Viewpoint - Jiangxi Baitong Energy Co., Ltd. is in the process of issuing shares to specific investors, which requires approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. Group 1: Stock Issuance - The company received an inquiry letter from the Shenzhen Stock Exchange regarding its application for a specific stock issuance on November 14, 2025 [1]. - The company has conducted thorough research and made necessary updates to its application documents in response to the inquiry [1]. - The approval process for the stock issuance remains uncertain and is contingent upon regulatory approvals [2]. Group 2: Investment in Xiamen Shunhang - The company plans to invest RMB 3 million in Xiamen Shunhang Venture Capital Partnership, accounting for 10.14% of the partnership [5][6]. - The investment is aimed at utilizing company funds effectively to achieve higher returns, aligning with the interests of all shareholders [21]. - The partnership is expected to raise a total of RMB 29.6 million, with the company being one of several limited partners [8][9]. Group 3: Partnership Structure - The executing partner of the partnership is set to change from Xiamen Lingxi Management Consulting Partnership to Xiamen Shunzhizhou Private Fund Management Co., Ltd. [8]. - The partnership will have a duration of five years, with the first three years designated for investment and the remaining period for exit strategies [9][10]. - Management fees will be charged at 6% of the total subscribed capital, with specific provisions for profit distribution among partners [10][15]. Group 4: Risk and Impact - The investment is subject to various risks, including market conditions and management issues, but is not expected to significantly impact the company's normal operations or financial status [21][22]. - The company will monitor the investment closely to mitigate potential risks associated with the fund's performance and management [22].
江西百通能源股份有限公司关于向特定对象发行股票审核问询函回复及募集说明书等申请文件更新的提示性公告