BJLE(SZ:002392) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-29 23:47Core Viewpoint - Beijing Lier High-Temperature Materials Co., Ltd. plans to issue A-shares to specific investors, aiming to raise up to 1.034 billion yuan for various projects, including the production of zirconia and the establishment of a research center [1][15][45]. Group 1: Board Meeting Decisions - The sixth board meeting was held on January 29, 2026, with all 11 directors present, and the meeting complied with legal requirements [1][2]. - The board approved the proposal for issuing A-shares to specific investors, confirming compliance with relevant laws and regulations [1][3]. - The proposal will be submitted for review at the first extraordinary shareholders' meeting of 2026 [2][22]. Group 2: Issuance Details - The shares to be issued are domestic RMB ordinary shares (A-shares) with a par value of 1.00 yuan each [3][5]. - The issuance will occur after obtaining approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [5][7]. - The issuance targets up to 35 specific investors, including qualified institutional investors [7][8]. Group 3: Financial Aspects - The total amount to be raised is capped at 1.034 billion yuan, with net proceeds intended for specific projects [15][45]. - The maximum number of shares to be issued will not exceed 30% of the total share capital before the issuance, amounting to 357,147,251 shares [11][39]. - The pricing will be based on the average trading price of the company's shares over the 20 trading days prior to the pricing date [9][41]. Group 4: Use of Proceeds - The raised funds will be allocated to projects such as the production of 30,000 tons of composite zirconia, a research center, and a production base in Vietnam [15][45]. - The projects align with the company's strategic goals and are expected to enhance profitability and competitiveness [25][50]. Group 5: Shareholder Returns - The company has developed a three-year dividend return plan (2026-2028) to ensure stable returns for shareholders [32][54]. - Measures will be implemented to mitigate the dilution of immediate returns due to the issuance [51][55]. Group 6: Future Meetings - The first extraordinary shareholders' meeting of 2026 is scheduled for February 27, 2026, to review the proposals [34][36].