Zhong Guo Jing Ji Wang·2025-12-07 07:17Core Viewpoint - The Shanghai Stock Exchange has approved the non-public offering of shares by Wuzhou Xinchun, allowing the company to raise up to 1 billion yuan for specific projects and working capital [1][3]. Group 1: Fundraising Details - Wuzhou Xinchun plans to raise a total of up to 1 billion yuan (100,000.00 million yuan) through a non-public offering of A-shares [3]. - The funds will be allocated to two main projects: the development and industrialization of embodied intelligent robots and core components for automotive intelligent driving, with an investment of 700 million yuan, and the replenishment of working capital with 300 million yuan [4]. Group 2: Offering Structure - The offering will target no more than 35 specific investors, including qualified institutional investors such as securities companies, trust companies, and qualified foreign institutional investors [5]. - The shares will be issued at a price not lower than 80% of the average trading price over the 20 trading days prior to the pricing date [5]. Group 3: Share Issuance and Control - The number of shares to be issued will be calculated based on the total amount raised divided by the issue price, with a maximum limit of 109,860,831 shares, not exceeding 30% of the total share capital before the issuance [6]. - The actual controllers of the company, Zhang Feng and Yu Yuelai, along with their concerted action person, Wang Xueyong, collectively hold 37.79% of the shares, ensuring that control remains unchanged post-offering [7].