WENZHOU HONGFENG(SZ:300283) Zhong Guo Jing Ji Wang·2026-02-14 07:29Core Viewpoint - Wenzhou Hongfeng (300283.SZ) plans to raise up to 450 million yuan through a private placement of A-shares, with proceeds allocated to lithium battery copper foil and semiconductor etching lead frame projects [1] Group 1: Fundraising Details - The total amount to be raised is capped at 45,000,000 yuan, net of issuance costs [1] - The shares will be issued to no more than 35 specific investors, including qualified institutional investors and individuals [1][2] - The issuance will be conducted at a price not lower than 80% of the average trading price over the 20 trading days prior to the pricing date [2] Group 2: Shareholder Structure - As of December 31, 2025, Chen Xiao holds 156,138,612 shares, representing 31.42% of the company, making him the controlling shareholder [3][5] - Chen Xiao and Lin Ping, who are spouses, collectively hold 171,582,612 shares, accounting for 34.53% of the company [3] - Even if they do not subscribe to the new shares, their ownership will still allow them to maintain control of the company [3] Group 3: Shareholding Reduction - Chen Xiao plans to reduce his holdings by up to 14.9 million shares, or 3% of the total share capital, within a specified timeframe [4] - The reduction will occur through a combination of centralized bidding and block trading, with specific limits on each method [4][6] - As of the announcement date, Chen Xiao has already reduced his holdings by 44.18 million shares, realizing approximately 42.4 million yuan in cash [6]