JCT(SH:603657) Zhong Guo Jing Ji Wang·2025-12-12 03:26Core Viewpoint - The company Spring Technology (603657.SH) plans to issue A-shares to specific investors, aiming to raise up to 776.33 million yuan for various projects and working capital [1][2]. Group 1: Share Issuance Details - The issuance will target no more than 35 specific investors, including qualified institutional and individual investors [1]. - The pricing for the shares will be set at no less than 80% of the average trading price over the previous 20 trading days [1]. - The total number of shares to be issued will not exceed 30% of the total share capital prior to the issuance, amounting to a maximum of 40,557,015 shares [1]. Group 2: Fundraising Allocation - The total amount to be raised is capped at 776.33 million yuan, which will be allocated as follows: - 427.23 million yuan for the new project at Suzhou Shangteng Technology, aimed at producing 8 million clean electrical products annually [2][3]. - 116.21 million yuan for the construction of a production base in Vietnam [2][3]. - 232.90 million yuan for replenishing working capital and repaying bank loans [2][3]. - The total investment for these projects is estimated at 1.03 billion yuan [3]. Group 3: Shareholder Information - The actual controllers of the company are Chen Zhengming, Zhang Chunxia, Chen Kai, and Chen Hongxuan, and the issuance will not change the control structure of the company [4]. - Recent share reductions by the company's actual controllers' action groups, including Kaihong Investment and Yining Investment, have been completed, with reductions of 801,600 shares and 123,900 shares, respectively [5][6][9]. - The company reported a revenue of 617 million yuan for the third quarter of 2025, reflecting a year-on-year growth of 4.50% [10].