Core Viewpoint - The company plans to issue convertible bonds to raise up to 956 million yuan to support various projects, including the production of new energy copper-based electromagnetic wires and aluminum-based electromagnetic wires, as well as to supplement working capital [2][3][19]. Group 1: Necessity of the Issuance - The issuance of convertible bonds is necessary to meet the funding requirements for projects totaling 1.799733 billion yuan, which exceeds the company's current financial capacity [2][3]. - The projects funded by the issuance are capital expenditures requiring long-term financial support, and the bonds will have a six-year term, providing a suitable financing option compared to traditional loans [3]. - The expansion of the company's business has increased the demand for working capital, and the issuance will help improve liquidity and operational efficiency [3]. Group 2: Issuance Object and Appropriateness - The issuance will target unspecified investors, including individuals and institutions, with priority given to existing shareholders [5][6]. - The selection criteria for investors ensure they possess adequate risk recognition and financial capability, aligning with regulatory requirements [6]. Group 3: Pricing Principles and Methods - The pricing of the convertible bonds will be determined based on market conditions and company specifics, with the initial conversion price set at or above the average stock price over the previous twenty trading days [10][20]. - The pricing method and procedures comply with relevant regulations, ensuring transparency and fairness in the issuance process [10][11]. Group 4: Fairness and Reasonableness of the Issuance Plan - The issuance plan has been thoroughly reviewed and approved by the board, ensuring it benefits the company's growth and shareholder interests [29]. - The plan has undergone necessary disclosure procedures to protect shareholder rights and ensure informed decision-making [29]. Group 5: Impact on Shareholder Rights and Measures to Mitigate Dilution - The issuance may dilute immediate returns for existing shareholders, but the company plans to enhance profitability through business expansion and efficient project execution [30][32]. - Measures include maintaining sustainable business growth, improving operational efficiency, and ensuring proper management of raised funds to maximize shareholder returns [30][32].