JHM(SH:603078) Zhong Guo Jing Ji Wang·2026-02-11 07:09Core Viewpoint - Jianghua Microelectronics (江化微) has decided to terminate the plan for a simplified procedure to issue shares to specific investors for the year 2025 due to a significant change in control ownership [1][2] Group 1: Termination of Share Issuance - The company announced the termination of the 2025 share issuance plan during the second meeting of the sixth board of directors held on February 10, 2026 [1] - The decision to terminate the share issuance is based on the planned change in control ownership, as the controlling shareholder will shift from Zibo Xingheng Tusheng Holdings to Shanghai Fuxun Technology [1][2] Group 2: Current Business Operations - Jianghua Microelectronics stated that its business operations are currently normal and that the termination of the share issuance will not have a significant adverse impact on daily operations [2] - The company emphasized that there is no harm to the interests of the company and all shareholders, particularly minority shareholders [2] Group 3: Previous Share Issuance Plans - The initial plan for the 2025 share issuance aimed to raise up to 300 million RMB, with the net proceeds intended for a project to produce 37,000 tons of ultra-pure wet electronic chemicals and to supplement working capital [2] - The share issuance was to be conducted through a simplified procedure, targeting up to 35 specific investors, including various financial institutions and qualified foreign institutional investors [2][3] Group 4: Historical Fundraising - Jianghua Microelectronics previously raised funds through non-public share issuances in 2020 and 2022, totaling approximately 936.21 million RMB [6] - In 2020, the company issued 8,787,878 shares at a price of 33.00 RMB per share, raising approximately 280 million RMB after expenses [4] - In 2022, the company issued 41,880,124 shares at a price of 15.43 RMB per share, raising approximately 639 million RMB after expenses [5]