Core Viewpoint - The announcement details the impact of the 2025 A-share issuance on the company's immediate returns and outlines measures to mitigate the dilution effect on shareholders [1][5]. Group 1: Impact of Issuance on Immediate Returns - The company analyzed the impact of the stock issuance on key financial metrics, specifically focusing on the dilution of immediate returns for shareholders [1][5]. - The estimated net profit for the company in 2025 is projected to be CNY 245.85 million, with a non-recurring profit of CNY 218.84 million, based on assumptions of profit growth [2][3]. - Three scenarios were considered for the projected net profit: 80%, 100%, and 120% of the previous year's profit, affecting earnings per share (EPS) calculations [2][3]. Group 2: Financial Projections - Under the first scenario (80% of last year's profit), the diluted EPS is expected to decrease from CNY 0.07 to CNY 0.05 post-issuance [3][4]. - In the second scenario (100% of last year's profit), the diluted EPS is projected to drop from CNY 0.07 to CNY 0.06 [4]. - The third scenario (120% of last year's profit) anticipates an increase in net profit to CNY 11.80 million, with diluted EPS remaining at CNY 0.07 [4]. Group 3: Measures to Mitigate Dilution - The company plans to enhance corporate governance to ensure sustainable development and protect shareholder rights [6][7]. - A dedicated fund management approach will be implemented to ensure that the raised capital is used effectively and in accordance with regulatory requirements [8]. - The company has committed to a profit distribution policy that aims to enhance shareholder returns, particularly for minority shareholders [8][9]. Group 4: Commitments from Management - The board of directors and senior management have made commitments to ensure the effectiveness of the measures to mitigate the dilution of immediate returns [10][11]. - The controlling shareholder has also pledged to support the measures aimed at protecting shareholder interests [11].

Core Viewpoint - The company, Daqian Ecological Environment Group Co., Ltd., has signed a conditional share subscription agreement with a related party, Suzhou Bubugao Investment Development Co., Ltd., to issue A-shares, aiming to raise up to RMB 850 million to enhance its liquidity and financial stability [1][2][16]. Group 1: Overview of Related Transactions - The company plans to issue no more than 33,385,703 shares, representing up to 30% of the pre-issue total share capital, with a total fundraising amount not exceeding RMB 850 million [2][16]. - The subscription agreement was signed on July 15, 2025, and the issuance is subject to approval from the shareholders' meeting and regulatory authorities [2][18]. Group 2: Information on the Related Party - Suzhou Bubugao Investment Development Co., Ltd. is the controlling shareholder of the company, with a registered capital of RMB 916 million and primarily engaged in real estate investment and management [2][3]. - The financial data for Bubugao Investment shows total assets of RMB 470.72 million and total liabilities of RMB 216.96 million as of December 31, 2024, resulting in an asset-liability ratio of 46.09% [4]. Group 3: Financial Impact and Purpose of the Transaction - The funds raised will be used to supplement the company's working capital, improving its financial condition and supporting business expansion [16][17]. - The transaction is expected to enhance the company's capital structure and risk resistance, allowing it to seize market opportunities in the growing ecological landscape construction industry [16][17]. Group 4: Approval and Compliance Procedures - The transaction requires approval from the shareholders' meeting, exemption from a mandatory tender offer for the related party, and registration approval from the China Securities Regulatory Commission [18]. - The independent directors and supervisory board have reviewed and approved the transaction, confirming compliance with relevant laws and regulations [18].

Group 1 - The acquisition involves Suzhou Bubu Gao Investment Development Co., Ltd. acquiring shares in Daqian Ecological Environment Group Co., Ltd. through a private placement of A-shares [1][3] - The acquisition aims to strengthen control over Daqian Ecological and is expected to enhance the company's capital structure and financial status, thereby supporting its high-quality development [10][11] - Following the acquisition, Bubu Gao Investment will hold approximately 34.26% of Daqian Ecological's total shares, increasing its stake from 18.09% [12][13] Group 2 - The acquisition process requires approval from the shareholders' meeting and regulatory bodies, including the Shanghai Stock Exchange and the China Securities Regulatory Commission [3][11] - Bubu Gao Investment has committed to not transferring the newly acquired shares for 36 months post-acquisition, with certain exceptions for transfers between entities under the same actual controller [15][16] - The acquisition is structured to avoid triggering mandatory tender offer obligations, contingent upon shareholder approval [14][16]

证券代码：600675 股票简称：中华企业 编号：临 2025-025 中华企业股份有限公司关于 向特定对象发行 A 股股票预案及相关文件修订情况说明的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 中华企业股份有限公司（以下简称"公司"）向特定对象发行 A 股股票相 关事项已经公司第十届董事会第十三次会议、2022 年度股东大会年会审议通过。 根据股东大会的授权，结合公司经营投资规划以及项目实际情况，2025 年 等相关内容 第一节 本次发行方案 更新本次发行的募集资金数额 概要 年度向特定对象发行 A 股股票预案（二次修订稿）的议案》等相关议案。 为便于投资者查阅，现将本次修订的主要内容说明如下： 文件名称 章节 修订情况 更新本次发行的审议程序、募集资金数额 特别提示 第二节 董事会关于本 中华企业股份有限公司 次发行募集资金使用的 更新本次发行的募集资金数额 行 A 股股票预案（二次 第四节 本次发行相关 根据更新后的报告期更新公司财务风险 修订稿） 的风险说明 第六节 本次向特定对 根据更新后的报告期以及募集资 ...

变更后签字人员的基本情况： 张莉律师毕业于南京大学、清华大学，已获得中国律师执业资格，主要从事 资本市场、投融资等方面的业务，先后参与并完成了多家企业的股份制改组、股 票发行与上市、增发等证券法律业务。 徐定辉律师毕业于东北大学、复旦大学，已获得中国律师资格，主要从事资 本市场、投融资等方面的业务，先后参与并完成了多家企业的股份制改组、股票 发行与上市、增发等证券法律业务。 张莉律师、徐定辉律师同意承担签字律师职责，履行尽职调查义务，承诺对 刘攀律师签署的相关文件均予以认可并承担相应法律责任，并对今后签署材料的 真实性、准确性、完整性承担相应法律责任。 本公司对张莉律师、徐定辉律师出具的专项报告进行复核，认为张莉律师、 徐定辉律师已履行尽职调查义务，并出具专业意见，且与刘攀律师的结论性意见 一致。 国泰海通证券股份有限公司关于嘉泽新能源股份有限公司 向特定对象发行股票项目变更签字律师的专项说明 上海证券交易所： 基本情况：嘉泽新能源股份有限公司（以下简称"发行人"）于 2025 年 2 月 13 日向贵所提交向特定对象发行股票的申请，于 2025 年 2 月 21 日被受理。 本公司作为保荐人承担本次发行的保 ...

Core Viewpoint - Zhuzhou Times New Material Technology Co., Ltd. is issuing shares to specific investors, with a total of 106,732,348 shares priced at 12.18 yuan per share, raising approximately 1.3 billion yuan for various projects and working capital [1][11]. Group 1: Issuance Details - The company is issuing domestic listed ordinary shares (A shares) with a par value of 1 yuan per share [3]. - The total number of shares to be issued is 106,732,348, with a total subscription amount of 1,299,999,998.64 yuan [7][11]. - The issuance price is determined based on a competitive bidding process, with the final price set at 12.18 yuan per share, which is 127.01% of the issuance base price [10][11]. Group 2: Shareholder Structure - After the issuance, Zhuzhou will remain the controlling shareholder, and CRRC Group will continue to be the actual controller of the company [1][12]. - The shares subscribed by CRRC Capital Holdings will be locked for 18 months, while other investors will have a lock-up period of 6 months [12] . Group 3: Use of Proceeds - The raised funds will be allocated to projects including the Innovation Center and Intelligent Manufacturing Base, Clean Energy Equipment Quality Improvement Project, and enhancement of capabilities for automotive vibration reduction products [11]. Group 4: Regulatory Compliance - The issuance has undergone necessary internal and external approval processes, including approval from the board of directors, shareholders' meeting, and the China Securities Regulatory Commission [4][9]. - The company has established a special account for the raised funds, with a tripartite supervision agreement in place to monitor the use of the funds [11].

证券代码：600458 证券简称：时代新材 公告编号：临 2025-032 ? 资产过户情况 重要内容提示： ? 发行数量和价格 股票种类：人民币普通股（A股） 株洲时代新材料科技股份有限公司（以下简称"时代新材"、"公司"、"发 行人"）已于 2025 年 7 月 11 日就本次向特定对象发行股票向中国证券登记结算 有限责任公司上海分公司办理完毕登记、托管及限售手续。 本次向特定对象发行新增普通股股份为有限售条件流通股，将于限售期届满 后的次一交易日起在上海证券交易所（以下简称"上交所"）上市流通交易，如 遇法定节假日或休息日，则顺延至其后的第一个交易日。自本次发行新增股份的 登记托管手续办理完成之日起，中车资本控股有限公司（以下简称"中车金控"） 认购的本次发行的 A 股股票 18 个月内不得转让，其他投资者认购的本次发行的 A 股股票 6 个月内不得转让。法律法规、规范性文件对限售期另有规定的，从其 规定。限售期结束后按中国证券监督管理委员会（以下简称"中国证监会"）及 上交所的有关规定执行。若前述限售期与证券监管机构的最新监管意见或监管要 求不相符，将根据相关证券监管机构的监管意见或监管要求进行相应调 ...

Group 1 - The company held its ninth meeting of the fourth Supervisory Board on July 14, 2025, with all three supervisors present, ensuring compliance with legal and procedural requirements [1] - The Supervisory Board approved the extension of the validity period for the resolution regarding the issuance of shares to specific targets by 12 months, allowing for the continuation of related work without changes to other aspects of the issuance [2] - The Supervisory Board also approved the extension of the authorization for the Board of Directors to handle matters related to the issuance of shares to specific targets for an additional 12 months, maintaining the same conditions as before [2] Group 2 - The company agreed to recognize an asset impairment provision of 18.4036 million yuan and to reverse a credit impairment provision of 3.9264 million yuan, resulting in a net reduction of 14.4772 million yuan in the consolidated profit total [3]

证券代码：600201 证券简称：生物股份 公告编号：临2025-041 金宇生物技术股份有限公司 关于终止2023年度向特定对象发行A股股票 并签署终止协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 金宇生物技术股份有限公司（以下简称"公司"）于 2025 年 7 月 14 日召开第 十二届董事会第二次会议，审议通过了《关于终止向特定对象发行股票并签署相关 终止协议的议案》，同意公司终止 2023 年度向特定对象发行 A 股股票（以下简称 "本次发行"），并与内蒙古金宇生物控股有限公司（以下简称"生物控股"）、张翀 宇先生、张竞女士签署《附条件生效的股份认购协议之终止协议》 （以下简称"《终 止协议》"）。现将具体情况公告如下： 一、公司本次向特定对象发行股票的基本情况 公司分别于 2023 年 2 月 7 日、2023 年 3 月 16 日召开第十一届董事会第五次 会议、第十一届监事会第四次会议、2023 年第二次临时股东大会审议通过了《关 于公司 2023 年度向特定对象发行股票方案的议案》等议案，股东大会授 ...

中信证券股份有限公司 关于 北方光电股份有限公司 向特定对象发行 A 股股票 发行过程和认购对象合规性的报告 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二五年七月 上海证券交易所： 北方光电股份有限公司（以下简称"光电股份""发行人"或"公司"）向 特定对象发行 A 股股票（以下简称"本次发行"）已获得中国证券监督管理委 员会（以下简称"中国证监会"）《关于同意北方光电股份有限公司向特定对象 发行股票注册的批复》（证监许可〔2025〕1044 号）同意注册批复。 中信证券股份有限公司（以下简称"中信证券""保荐人（主承销商）"或 "主承销商"）作为光电股份本次发行的保荐人（主承销商），根据《中华人民 共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》（以下 简称"《证券法》"）《证券发行与承销管理办法》（以下简称"《发行与承销 管理办法》"）《上市公司证券发行注册管理办法》（以下简称"《注册管理办 法》"）《上海证券交易所上市公司证券发行与承销业务实施细则》（以下简称 "《实施细则》"）等相关法律、法规和规范性文件的规定、发行人董事会、股 东大会通过的与本次发行相关的决议及 ...