Zhong Guo Jing Ji Wang·2026-02-27 02:51Core Viewpoint - The company, Guangxun Technology, has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The share issuance will target up to 35 specific investors, including the actual controller, China Information Communication Technologies Group, and other qualified institutional and individual investors [2] - The total number of shares to be issued is capped at 242,055,525, which represents no more than 30% of the company's total share capital prior to the issuance [3][5] - The estimated total funds to be raised from this issuance is up to 350 million yuan, which will be allocated to various projects including the construction of a computing power center and R&D for new optical technologies [3][4] Group 2: Financial Implications - The issuance will increase the company's total share capital from 806,851,752 shares to 1,048,907,277 shares if the maximum number of shares is issued [5] - China Information Communication Technologies Group will subscribe for at least 10% and up to 30% of the total shares issued, ensuring it remains the actual controller of the company post-issuance [4][5] - 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 issuance [3]