Zhong Guo Jing Ji Wang·2025-12-21 06:01Core Viewpoint - Pan-Asia Micro透 (688386.SH) has received approval from the Shanghai Stock Exchange for its plan to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Group 1: Share Issuance Details - The total amount to be raised from the share issuance is not to exceed 671.4988 million yuan, which will be used for various projects including intelligent manufacturing upgrades and research center construction [1]. - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other legal entities [2]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [2]. Group 2: Shareholder Structure - Following the issuance of up to 27,300,000 shares, the total share capital of Pan-Asia Micro透 will increase to 118,300,000 shares, with the controlling shareholder, Zhang Yun, seeing his ownership percentage decrease to 21.44% [3]. - Zhang Yun, along with his concerted actions, will still maintain control over 24.88% of the company post-issuance, ensuring that there will be no change in control [3]. Group 3: Underwriting Information - The lead underwriter for this share issuance is Guotai Junan Securities Co., Ltd., with representatives Zhang Xiaotian and Zhang Xiaowei overseeing the process [3].