Zhong Guo Jing Ji Wang·2025-12-12 03:21Core Viewpoint - Hunan YN Energy (301358.SZ) has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, with plans to raise up to 478.8 million RMB for various lithium battery material projects and working capital [1][2]. Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance is capped at 478.8 million RMB, which will be used for projects including an annual production of 320,000 tons of lithium manganese iron phosphate, 75,000 tons of ultra-long cycle lithium iron phosphate, and 100,000 tons of lithium iron phosphate, as well as to supplement working capital [1]. - The shares will be issued as domestic RMB ordinary shares (A-shares) with a par value of 1.00 RMB per share, and the issuance will be conducted through a targeted offering [1]. - The issuance will involve no more than 35 specific investors, with the final selection to be determined by the board of directors or authorized personnel based on the approval from the shareholders' meeting [2]. Group 2: Pricing and Regulatory Compliance - The issuance price will not be lower than 80% of the average price of the company's A-shares over the 20 trading days prior to the pricing benchmark date, with the final price to be determined through a competitive negotiation process [2]. - The number of shares to be issued will be calculated based on the total amount of funds raised divided by the issuance price, not exceeding 15% of the company's total share capital prior to the issuance, which amounts to a maximum of 113,587,960 shares [2]. - The company currently has no controlling shareholder or actual controller, and this status is expected to remain unchanged after the issuance [3]. Group 3: Underwriting Information - The lead underwriter for this issuance is CITIC Securities Co., Ltd., with representatives Hu Debo and Zhang Shuai overseeing the process [4].