Zhong Guo Jing Ji Wang·2026-02-27 03:55Core 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 (CICT), 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 shares 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: Use of Proceeds - The funds will be used for three main projects: 1. Construction of a computing power center and high-speed optical transmission products, with an investment of approximately 248.21 million yuan [4] 2. R&D for high-speed optical interconnection and emerging optoelectronic technologies, with an investment of about 100.06 million yuan [4] 3. Supplementing working capital, with a total of 80 million yuan allocated [4] Group 3: Shareholder Structure and Control - CICT, as the actual controller, will subscribe to at least 10% and up to 30% of the total shares issued, ensuring that it maintains control over the company post-issuance [4][6] - Following the issuance, CICT's total shareholding will remain above 31.71%, thus not affecting the company's control structure [6]