时代新材（600458）公告，公司于2025年5月14日收到中国证券监督管理委员会出具的《关于同意株洲 时代新材料科技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〕996号)。批复文件 主要内容为：同意公司向特定对象发行股票的注册申请，本次发行应严格按照报送上海证券交易所的申 报文件和发行方案实施。批复自同意注册之日起12个月内有效。公司将按批复文件和相关法律法规要 求，在规定期限内办理本次向特定对象发行股票相关事宜，并及时履行信息披露义务。 ...

中原证券股份有限公司 关于无锡智能自控工程股份有限公司 2023 年度以简易程序 向特定对象发行股票持续督导之保荐总结报告书 中原证券股份有限公司（以下简称"中原证券"或"保荐机构"）作为无锡 智能自控工程股份有限公司（以下简称"智能自控"、"发行人"或"公司"） 券发行上市保荐业务管理办法》《深圳证券交易所股票上市规则》《深圳证券交 易所上市公司自律监管指引第 13 号——保荐业务》等有关规定，对智能自控的 持续督导时间为该公司发行股票上市当年剩余时间及其后 1 个完整的会计年度， 智能自控股票于 2023 年 9 月 11 日起在深圳证券交易所上市，其持续督导期为 限已满，中原证券根据相关法律法规，出具本保荐总结报告。 一、保荐机构及保荐代表人承诺 遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法律责任。 证监会"）对保荐总结报告书相关事项进行的任何质询和调查。 管理办法》的有关规定采取的监管措施。 二、保荐机构基本情况 | 情况 | 内容 | | | | --- | --- | --- | --- | | 保荐机构名称 | 中原证券股份有限公司 | | | | 注册地址 | 10 郑州市郑东新 ...

Group 1 - The company plans to issue up to 180,000,000 A shares to raise a total of no more than 600 million yuan, which will be used to supplement working capital and repay loans [1][2][4] - The coal industry remains a crucial part of China's energy security, despite a gradual shift towards diversification and low-carbon energy sources [1][2] - The issuance aims to reduce the company's high debt ratio, which was 90.00%, 86.21%, and 84.94% for the years ending 2022, 2023, and 2024 respectively, thereby optimizing its capital structure [2][4] Group 2 - The shares will be issued at a price of 3.13 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [5][8] - The issuance will be conducted in compliance with relevant laws and regulations, ensuring that the process is legal and appropriate [7][10] - The company will implement measures to mitigate the dilution of immediate returns for existing shareholders, including a commitment to maintain a cash dividend policy [12][19] Group 3 - The company has diversified its business from coal mining equipment to include energy equipment manufacturing, military equipment, and coal mine operation services [15] - The company aims to enhance its marketing system and customer service across different business segments to improve profitability [15] - The board of directors has approved the issuance plan, ensuring that it aligns with the interests of all shareholders [11][19]

Core Viewpoint - The company has announced a specific stock issuance to certain parties, which may dilute immediate returns for existing shareholders, and has outlined measures to mitigate this impact [1][2][4]. Financial Impact Analysis - The company analyzed the impact of the stock issuance on key financial metrics, assuming a maximum issuance of 180 million shares and a total fundraising of 600 million yuan [2][3]. - The projected net profit for 2025, based on different growth scenarios (10% increase, flat, and 10% decrease), shows varying impacts on earnings per share and return on equity [4][5]. Risk of Dilution - Post-issuance, the company's total share capital and net asset scale will significantly increase, potentially leading to a decrease in return on equity if net profit growth does not keep pace with net asset growth [4][6]. Necessity and Rationality of Issuance - The issuance is deemed necessary to optimize capital structure, alleviate working capital pressure, and enhance market confidence, thereby improving the company's risk resilience [6][7]. Measures to Mitigate Dilution - The company will implement strict dividend policies to ensure shareholder returns, enhance marketing and customer service capabilities, and ensure legal and rational use of raised funds [7][8]. - A three-party supervision agreement will be established to oversee the use of raised funds, ensuring compliance with regulatory requirements [8][9]. Commitments from Key Stakeholders - The controlling shareholders and management have committed to not interfere with the company's operations and to uphold the interests of shareholders, with penalties for any breaches of these commitments [9][10]. Approval Process - The board of directors and supervisory board have approved the analysis and measures related to the dilution of immediate returns, with ongoing disclosures planned for the implementation of these measures [10][11].

Core Viewpoint - Linzhou Heavy Machinery Group Co., Ltd. plans to issue A-shares to specific investors to raise funds for operational needs and debt repayment, aiming to enhance its financial stability and competitive edge in the coal machinery industry [1][8]. Group 1: Issuance Details - The company intends to issue up to 180 million shares at a price of 3.13 yuan per share, which is not less than 80% of the average trading price over the previous 20 trading days [2][9]. - The total amount to be raised is expected to be no more than 600 million yuan, with all net proceeds allocated to supplement working capital and repay loans [11][25]. - The issuance will be subject to approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][13]. Group 2: Financial Context - As of the end of 2024, the company's short-term borrowings were significant, with debt ratios of 90.00%, 86.21%, and 84.94% over the past three years, indicating a high level of financial leverage [8][25]. - The funds raised will help reduce the company's debt ratio and improve its capital structure, thereby alleviating cash flow pressure and enhancing risk resilience [25][26]. Group 3: Relationship with Investors - The shares will be subscribed by controlling shareholders and their concerted actors, specifically Mr. Guo Hao and Mr. Guo Chuan, constituting a related party transaction [12][19]. - The shares acquired will be subject to a 36-month lock-up period post-issuance, preventing any transfer during this time [11][22]. Group 4: Industry Outlook - The coal industry remains a critical component of China's energy security, with stable production expected to provide ongoing demand for coal machinery [8]. - The company is positioned to benefit from the anticipated increase in coal production capacity, projected at approximately 150 million tons per year from 2025 to 2026 [8].

根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司证券 发行注册管理办法》等有关法律、法规及规范性文件的规定，经过对公司实际情 况及相关事项进行自查和论证，监事会认为公司各项条件符合现行法律、法规和 规范性文件中关于上市公司向特定对象发行股票的有关规定，具备本次向特定对 象发行股票的资格和条件。 证券代码：300266 证券简称：兴源环境 公告编号：2025-039 兴源环境科技股份有限公司 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 兴源环境科技股份有限公司（以下简称"公司"）第六届监事会第四次会议 于2025年5月12日以通讯方式召开。会议通知已经于2025年5月9日以电子邮件方 式送达全体监事。本次会议应出席监事3人，实际出席监事3人。本次会议的通知、 召开以及参会监事人数均符合相关法律、法规、规则及《公司章程》的有关规定。 本次会议形成以下决议： 一、审议通过《关于公司符合向特定对象发行股票条件的议案》 本议案尚需提交公司股东大会审议。 表决结果：同意3票，反对0票，弃权0票。 二、逐项审议通过《关于公司2025年度向特定对象发行A股股 ...

Group 1 - The company plans to raise a maximum of 496.8 million yuan through a private placement of A-shares to improve its capital structure and reduce financial costs [1][2] - The raised funds will be used entirely to supplement working capital and repay loans, addressing the company's liquidity issues and debt pressure [2][4] - The company's asset-liability ratio at the end of 2022, 2023, and 2024 indicates a need for capital structure improvement due to high debt levels [1] Group 2 - The issuance will lead to an increase in total assets and net assets, resulting in a decrease in the asset-liability ratio and an optimized capital structure [2][4] - The company operates in three main business areas: environmental protection and agricultural equipment, comprehensive environmental governance, and energy storage and dual-carbon innovation [2] - The ongoing national push for ecological civilization and green low-carbon industries is expected to drive rapid growth in the company's business sectors [2] Group 3 - The company has established a modern corporate governance structure and a robust internal control environment to manage the raised funds effectively [3] - The funds will help meet the financial demands of the company's expanding and upgrading operations, promoting sustainable and healthy development [3][4] - The issuance aligns with national industrial policies and the company's strategic development direction, benefiting all shareholders [3][4]

Summary of Key Points Core Viewpoint The announcement details the results of the issuance of A-shares by Yuan Longping Agricultural High-Tech Co., Ltd., specifically targeting a specific entity, Citic Agricultural Technology Co., Ltd. The issuance involves 152,477,763 shares at a price of 7.87 yuan per share, raising approximately 1.2 billion yuan in total. Group 1: Issuance Overview - The total number of shares issued is 152,477,763 A-shares [1][2] - The issuance price is set at 7.87 yuan per share [2] - The shares will be listed on May 14, 2025, without ex-rights adjustments [1] Group 2: Fundraising Details - The total amount raised from the issuance is 1,199,999,994.81 yuan, with a net amount of 1,187,526,409.91 yuan after deducting issuance costs [3][4] - The lead underwriter for this issuance is CITIC Securities Co., Ltd. [3] Group 3: Compliance and Approval - The issuance has been approved by relevant regulatory bodies, including the China Securities Regulatory Commission [2][5] - The process followed all legal and regulatory requirements, ensuring fairness and compliance in the selection of the subscription object [5][6] Group 4: Shareholder Structure Changes - The issuance will not change the control of the company, as the controlling shareholder remains the same [8][9] - The shareholding structure will adjust, with the new shares increasing the total share count to 1,469,448,061 shares [8][9] Group 5: Use of Proceeds - The funds raised will be used primarily to repay bank loans and supplement working capital [9][10] - The company's main business operations will remain unchanged following the issuance [9]

北京市海问律师事务所 关于华能澜沧江水电股份有限公司 向特定对象发行人民币普通股的 补充法律意见书（一） 海问律师事务所 HAIWEN & PARTNERS 北京市海问律师事务所 地址：北京市朝阳区东三环中路 5 号财富金融中心 20 层（邮编 100020） Address：20/F, Fortune Financial Center, 5 Dong San Huan Central Road, Chaoyang District, Beijing 100020, China 电话(Tel)：(+86 10) 8560 6888 传真(Fax)：(+86 10) 8560 6999 www.haiwen-law.com 北京 BEIJING 丨上海 SHANGHAI 丨深圳 SHENZHEN 丨香港 HONG KONG 丨成都 CHENGDU 一、 关于"本次发行的实质条件"的更新情况 ········································4 二、 关于"发行人的业务"的更新情况 ·················································6 ...

证券代码：688799 证券简称：华纳药厂 公告编号：2025-049 湖南华纳大药厂股份有限公司 关于 2024 年度向特定对象发行 A 股股票预案 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、准确性和完整性依法承担法律责任。 湖南华纳大药厂股份有限公司（以下简称"公司"）2024 年度向特定对象发 行 A 股股票（以下简称"本次向特定对象发行股票"、"本次向特定对象发行 A 股股票"或"本次发行"）的相关事项已经公司 2024 年 6 月 15 日召开的第三届 董事会第八次临时会议、第三届监事会第七次临时会议，2024 年 8 月 9 日召开 的 2024 年第一次临时股东大会审议通过。2025 年 4 月 30 日公司第四届董事会 第四次临时会议和第四届监事会第三次临时会议、2025 年 5 月 12 日公司 2024 年年度股东大会审议通过了延长公司 2024 年度向特定对象发行 A 股股票股东大 会决议有效期及相关授权有效期的事项。 更新了本次发行已经履行的审议程序 第一节 本次向 关联交易 特定对象发行股 六、本次发行是 ...