Core Viewpoint - The company, JunDa Co., Ltd. (02865.HK), has announced a placement agreement to issue up to 18,682,000 shares at a price of HKD 22.00 per share, which represents a discount of approximately 1.08% from the market price on the announcement date [1] Group 1 - The placement shares will be issued under general authorization, thus no further shareholder approval is required [1] - The estimated total proceeds from the placement are approximately HKD 411.0 million, with a net amount of about HKD 397.7 million after deducting all related costs and expenses [2] - The net placement price is estimated to be around HKD 21.29 per share after expenses [2] Group 2 - The proceeds from the placement are intended to be used as follows: approximately 45% for research and production of space photovoltaic battery-related products, 45% for equity investments and collaborations in the commercial aerospace sector, and 10% to supplement the company's working capital [2] - Assuming full placement, the shares represent about 29.45% of the existing issued H shares and approximately 6.42% of the total issued shares (excluding treasury shares) as of the announcement date [1]