Zhi Tong Cai Jing·2025-12-19 13:13Core Viewpoint - Chongqing Steel (601005) announced the approval of a plan to issue A-shares to specific investors, aiming to raise up to 1 billion yuan for working capital and loan repayment [1] Group 1: Issuance Details - The company will hold its 22nd meeting of the 10th Board of Directors on December 19, 2025, to review the issuance plan [1] - The total amount of funds raised from this issuance is expected to not exceed 1 billion yuan, subject to final approval by relevant authorities [1] - The funds will be used entirely for supplementing working capital and repaying bank loans after deducting related issuance costs [1] Group 2: Subscription Agreement - Chongqing Steel signed a subscription agreement with Huabao Investment on December 19, 2025, for the share issuance [1] - Huabao Investment intends to subscribe for shares worth 1 billion yuan in cash [1] - Huabao Investment is an affiliate of the company's controlling shareholder, Chongqing Changshou Steel, and this transaction constitutes a related party transaction [1]