Core Viewpoint - Anhui Huaye Spice Co., Ltd. has approved a plan to issue shares to specific investors through a simplified procedure, aiming to raise funds not exceeding 113 million yuan, which aligns with regulatory requirements and the company's strategic goals [2][7][10]. Group 1: Meeting and Approval - The supervisory board meeting was held on June 19, 2025, with all five supervisors present, and the meeting was deemed legal and effective [1]. - The supervisory board unanimously approved the proposal for the company to issue shares to specific investors, confirming compliance with relevant laws and regulations [2][3]. Group 2: Issuance Details - The type of shares to be issued is ordinary shares (A-shares) with a par value of 1.00 yuan per share [2]. - The issuance will occur within ten working days after the China Securities Regulatory Commission (CSRC) grants registration [2]. - The target investors include up to 35 specific investors, such as securities investment funds, securities companies, and qualified foreign institutional investors [2][3]. Group 3: Pricing and Quantity - The pricing benchmark date is set for the first day of the issuance period, with the issuance price not lower than 80% of the average trading price over the previous 20 trading days [4]. - The total number of shares issued will not exceed 30% of the company's total shares prior to the issuance, with the total fundraising amount capped at 300 million yuan [5][6]. Group 4: Fund Utilization - The funds raised will be used for a project to produce 3,230 tons of spices, with an investment total of 140.63 million yuan, of which 113 million yuan will come from the issuance [6]. - If the actual net amount raised is less than the planned investment, the company will cover the shortfall with self-raised funds [6]. Group 5: Regulatory Compliance and Future Steps - The issuance plan must be approved by the Shenzhen Stock Exchange and registered with the CSRC before implementation [10]. - The resolution for the issuance is valid until the 2025 annual general meeting [10].

Core Viewpoint - Anhui Huaye Fragrance Co., Ltd. plans to issue shares through a simplified procedure to specific targets, which may dilute immediate returns, and has proposed measures to compensate for this dilution [2][6][14]. Financial Impact Analysis - The company estimates that the total amount raised from this issuance will be 113 million yuan, with a maximum of 22.4394 million shares to be issued [3][4]. - The financial impact of the issuance on key indicators has been analyzed under three scenarios regarding net profit for 2025 compared to 2024: a 10% increase, no change, and a 10% decrease [4][5]. - Before the issuance, the total share capital is 74.798 million shares, which will increase to 97.2374 million shares post-issuance [4]. Scenarios for Financial Indicators - **Scenario 1**: If the net profit increases by 10%, the basic earnings per share (EPS) will rise from 0.30 yuan to 0.32 yuan [4]. - **Scenario 2**: If the net profit remains unchanged, the EPS will stay at 0.30 yuan [4]. - **Scenario 3**: If the net profit decreases by 10%, the EPS will drop to 0.27 yuan [4]. Necessity and Reasonableness of the Issuance - The fundraising project is closely aligned with the company's main business and complies with national industrial policies, aiming to enhance market competitiveness and achieve sustainable development [6][7]. - The new production capacity will help maintain the company's leading position in the fragrance industry [6][10]. Measures to Mitigate Dilution Impact - The company will implement strict management and usage protocols for the raised funds to ensure effective and safe utilization [11][12]. - The company plans to accelerate the construction of the fundraising projects to achieve expected benefits as soon as possible [12]. - A profit distribution system will be established to enhance investor return mechanisms, ensuring continuous and stable profit distribution [12][13]. Commitments from Key Stakeholders - The company's board and senior management have committed to ensuring the effectiveness of the measures to compensate for the dilution of immediate returns [13][14]. - The controlling shareholder has also made commitments to uphold the measures aimed at protecting shareholder interests [14].

Core Viewpoint - The company plans to issue shares to specific investors, which may dilute immediate returns, and has outlined measures to compensate for this dilution while ensuring the protection of minority investors' rights [1][4]. Financial Impact Analysis - The company estimates that the total share capital will increase from 62,514.47 million shares to 81,379.28 million shares post-issuance, with a maximum of 188,648,115 shares to be issued [2][3]. - The total amount of funds raised is projected to be 313,203.05 million yuan [2]. - The company has provided three scenarios for net profit growth in 2025 compared to 2024: no growth, a 15% increase, and a 30% increase, affecting earnings per share and return on equity [3]. Use of Proceeds - The funds raised will be allocated to a semiconductor equipment R&D project and to supplement working capital, which aligns with the company's core business and long-term strategic goals [5][6]. - The semiconductor equipment R&D project aims to enhance product technology depth and support domestic demand, contributing to market share growth and improved financial performance [5]. Measures to Mitigate Dilution - The company has established a management framework for the use of raised funds, ensuring compliance with relevant laws and regulations to enhance fund utilization efficiency [6][7]. - A commitment to maintain shareholder rights and improve governance structures has been made, ensuring that the board acts in the best interests of all shareholders [7][8]. Commitments from Management - The board of directors and senior management have pledged to uphold their responsibilities and ensure the effective implementation of measures to mitigate the impact of share dilution on immediate returns [8][9]. - The controlling shareholders have also committed to maintaining the company's independence and not interfering with its management, ensuring that the interests of minority shareholders are protected [9].

Core Points - The company has adjusted the issuance price for the specific target A-share stock offering from 6.24 CNY per share to 6.17 CNY per share after the annual equity distribution [1][2][3] - The total amount of funds to be raised from the issuance has been revised from a maximum of 200 million CNY to 197,756,409.94 CNY [3] Group 1: Issuance Price and Quantity Adjustment - The adjusted issuance price is calculated by deducting the cash dividend of 0.07 CNY per share from the previous price of 6.24 CNY per share [2] - The number of shares to be issued remains unchanged despite the adjustment in the issuance price [3] Group 2: Equity Distribution Implementation - As of December 31, 2024, the total share capital of the company is 262,080,000 shares, with a cash dividend of 0.70 CNY per 10 shares distributed, totaling 18,345,600 CNY [2] - The equity distribution record date is set for May 26, 2025, and the ex-dividend date is May 27, 2025 [2]

Core Viewpoint - The company has revised its plan for a private placement of shares for the year 2023, which includes updates on the issuance process, pricing, and the relationship with the controlling shareholder [1][2][3] Group 1: Issuance Plan Overview - The company’s board and supervisory board approved the proposal for a private placement of shares on August 8, 2023, and subsequent revisions were made to the plan [1][2] - The revisions include updates on the issuance process, the identity of the issuing party, pricing, and the number of shares to be issued [2][3] Group 2: Key Revisions - The updated plan reflects changes in the issuance process, including the approval procedures that have been completed [2][3] - The identity of the issuing party has been updated to include direct subscription by the controlling shareholder [2][3] - The pricing, pricing benchmark date, and the number of shares to be issued have also been revised [2][3] Group 3: Financial and Structural Implications - The necessity and feasibility of the fundraising have been analyzed, indicating confidence in the company's future development [3][4] - The impact of the issuance on the company’s business structure, shareholder structure, and management relationships has been updated [3][4] - The company has provided guarantees related to the controlling shareholder and its affiliates, ensuring no misuse of funds [3][4] Group 4: Documentation and Compliance - The company has revised the feasibility analysis report, the dilution of immediate returns, and the commitments of relevant parties in accordance with the updated plan [4] - The revised documents have been disclosed on the Shanghai Stock Exchange website for investor review [4][5]

Core Viewpoint - The supervisory board of Shandong Water Development Gas Co., Ltd. has reviewed and approved the adjustments to the company's 2023 private placement plan, confirming compliance with relevant laws and regulations, and ensuring no harm to the interests of shareholders, especially minority shareholders [1][2][4]. Summary by Sections Adjustment of the 2023 Private Placement Plan - The supervisory board believes that the adjustment of the 2023 private placement plan aligns with the Company Law, Securities Law, and other relevant regulations, and does not harm the interests of the company or its shareholders, particularly minority shareholders [1]. Review of the Revised Private Placement Proposal - The supervisory board finds that the revised private placement proposal is feasible and operable, complying with legal regulations and benefiting all shareholders without harming minority shareholders' interests [1]. Analysis Report of the Private Placement Plan - The supervisory board confirms that the analysis report for the revised private placement plan adheres to legal requirements and does not harm the interests of the company or its shareholders, especially minority shareholders [2]. Conditional Share Subscription Agreement - The supervisory board states that the conditional share subscription agreement with Water Development Group is legal and valid, ensuring no harm to shareholder rights, particularly those of minority shareholders [2]. Related Party Transactions - The supervisory board acknowledges that the issuance of shares to Water Development Group constitutes a related party transaction, and the terms of the subscription agreement are fair and reasonable, not harming the interests of the company or its shareholders [2]. Feasibility Analysis of Fund Utilization - The supervisory board asserts that the feasibility analysis report for the use of funds from the private placement complies with legal regulations and does not harm the interests of the company or its shareholders, especially minority shareholders [4]. Dilution of Immediate Returns and Compensation Measures - The supervisory board indicates that the company has conducted a thorough analysis of the impact on immediate returns due to dilution and has proposed specific compensation measures, with commitments from controlling shareholders and management to fulfill these measures, ensuring compliance with relevant regulations [4]. Overall Approval - The supervisory board agrees with the overall arrangements for the private placement, which requires approval from the shareholders' meeting and subsequent reviews by the Shanghai Stock Exchange and the China Securities Regulatory Commission before implementation [4].

Core Viewpoint - The company plans to issue shares to specific investors to raise up to RMB 500 million, which will be used to repay interest-bearing debts, potentially diluting immediate returns for existing shareholders [1][5]. Financial Impact Analysis - Before the issuance, the total share capital of the company is 459,070,924 shares, and the number of shares to be issued will not exceed 30% of this total [1]. - The projected net profit for 2024, excluding non-recurring gains and losses, is estimated at RMB 102.65 million, with three scenarios for 2025: no change, a 10% increase, and a 20% increase [2][4]. Key Financial Metrics Comparison - **Scenario 1 (2025 Net Profit Unchanged)**: - Basic earnings per share (EPS) before issuance: 0.2236, after issuance: 0.2198 [4]. - Weighted average return on equity (ROE) before issuance: 6.11%, after issuance: 6.49% [4]. - **Scenario 2 (2025 Net Profit +10%)**: - Basic EPS before issuance: 0.2236, after issuance: 0.2418 [4]. - Weighted average ROE before issuance: 6.11%, after issuance: 7.12% [4]. - **Scenario 3 (2025 Net Profit +20%)**: - Basic EPS before issuance: 0.2236, after issuance: 0.2638 [4]. - Weighted average ROE before issuance: 6.11%, after issuance: 7.74% [4]. Measures to Mitigate Dilution - The company plans to enhance operational efficiency and profitability post-issuance to counteract the dilution of earnings per share [5][6]. - Strict management of the raised funds will be implemented to ensure they are used effectively for debt repayment [6]. - The company will adhere to a stable cash dividend policy to protect the interests of minority shareholders [7]. Commitments from Stakeholders - The controlling shareholder and management have made commitments to ensure the effectiveness of measures to compensate for the dilution of immediate returns [7][8].

Core Viewpoint - The independent directors of Shandong Waterfa Gas Co., Ltd. approved several resolutions regarding the adjustment of the company's stock issuance plan for 2023, including changes in pricing, issuance quantity, and the identity of the issuing party, aimed at facilitating the company's financing and ensuring compliance with regulatory requirements [1][10]. Summary by Sections Stock Issuance Adjustment - The company proposed to adjust the stock issuance plan for 2023, changing the issuance price from 6.67 yuan per share to 5.29 yuan per share, which is still not less than 80% of the average trading price over the previous 20 trading days [1][3]. - The number of shares to be issued was increased from a maximum of 74,962,518 shares to 94,517,958 shares, not exceeding 30% of the total share capital before issuance [6][9]. Issuing Party Changes - The original issuing party was Waterfa Gas Group Co., Ltd., but it has been changed to the controlling shareholder, Waterfa Group Co., Ltd. [7][9]. Compliance and Fairness - The independent directors confirmed that the adjustments made to the stock issuance plan comply with relevant laws and regulations, ensuring that the interests of all shareholders, especially minority shareholders, are protected [10][12]. - The pricing and terms of the related party transactions were deemed fair and reasonable, reflecting the confidence of the subscribing party in the company [12][13]. Financial Reporting and Analysis - The independent directors reviewed and approved the feasibility analysis report for the use of raised funds, confirming that the funds will help reduce the company's debt and optimize its capital structure [13]. - A special report on the use of previously raised funds was also approved, indicating compliance with legal requirements and alignment with the company's actual situation [12][13]. Shareholder Meeting Proposals - The board proposed to seek shareholder approval for the exemption of Waterfa Group and its concerted actions from making a mandatory offer, which aligns with regulatory provisions [13][14].

对于终止本次向特定对象发行股票事项的主要原因，冠昊生物表示，自公司披露本次向特定对象发行股 票预案以来，公司与相关中介机构积极推进相关工作。由于市场环境的变化，在综合考虑资本市场状况 以及公司整体发展规划等因素，经与相关各方充分沟通、审慎分析后，公司决定向深交所申请撤回向特 定对象发行股票并在创业板上市的申请文件。 中国经济网北京6月24日讯 冠昊生物(300238.SZ)昨晚公告称，公司于2025年6月23日召开第六届董事会 第十五次会议和第六届监事会第十二次会议，审议通过了《关于公司终止向特定对象发行股票事项并撤 回申请文件的议案》，同意公司终止本次向特定对象发行股票事项并撤回申请文件。 冠昊生物的实际控制人张永明、林玲直接、间接持有北京天佑、世纪天富、江苏天佑100%的股权/出 资。 冠昊生物2025年4月 18日披露的向特定对象发行股份募集说明书(修订稿)显示，公司本次向特定对象发 行股票募集资金总额不超过50,000.00万元（含本数），扣除发行费用后的募集资金净额将全部用于补充 流动资金。 本次向特定对象发行股票的价格为8.96元/股。本次向特定对象发行的股份数量不超过55,803,571股(含本 ...

Group 1 - The company is planning to hold a shareholders' meeting on June 27, 2025, to discuss several key proposals, including the cancellation of the supervisory board and the appointment of a special auditing institution for the issuance of stocks to specific targets in 2025 [1][2][7] - The company intends to appoint Rongcheng Accounting Firm as the special auditing institution for the 2025 stock issuance, which has a long history in providing securities services and has audited 518 listed companies in 2024 [2][3][4] - The proposed organizational restructuring includes the cancellation of the supervisory board, with the audit committee of the board taking over its responsibilities, aimed at improving corporate governance [7][8] Group 2 - The company will revise its articles of association to reflect the cancellation of the supervisory board and to enhance compliance with relevant laws and regulations [8][9] - The revisions to the articles of association include changes to the roles and responsibilities of the board and the legal representation of the company, ensuring alignment with the latest legal requirements [8][10] - The company emphasizes the importance of maintaining the rights and interests of shareholders and stakeholders through these governance changes [8][11]