Core Viewpoint - Shandong Link Science and Technology Co., Ltd. plans to issue shares to specific investors to raise up to RMB 300 million, which will be used for the second phase of a project to produce 100,000 tons of high-pressure cable shielding materials using nano carbon materials [1][2][5]. Group 1: Company Overview - The company is engaged in the research, production, and sales of silica and carbon black, primarily used in tires, industrial rubber products, cable shielding materials, and other industries [11][12]. - The company operates under the classification of "Chemical Raw Materials and Chemical Products Manufacturing - Special Chemical Products Manufacturing" [12]. Group 2: Fundraising Details - The fundraising will not exceed 20% of the company's net assets as of the end of the previous year, and the net amount after deducting issuance costs will be fully allocated to the specified project [1][5]. - The share price for the issuance is set at RMB 21.17 per share, which is 80% of the average trading price over the previous 20 trading days [2][3]. Group 3: Project Investment - The total investment for the project is approximately RMB 392.96 million, with RMB 300 million expected to be raised through this issuance [1][5]. - The project aims to replace imported conductive carbon black for high-pressure cable shielding materials, with good progress reported in research and development [5][7]. Group 4: Shareholder Structure - As of March 31, 2025, the company has a total share capital of 202,355,964 shares, with 97.13% being unrestricted shares [10]. - The controlling shareholder is Hainan Link Investment Co., Ltd., holding 48.89% of the shares, while the actual controllers are Wu Xiaolin and Wu Xiaoqiang, collectively holding 51.46% [10][11]. Group 5: Industry Context - The industry is characterized by a market-driven competitive landscape, with companies operating independently under government regulations [13]. - The company is a member of various industry associations, which play a role in standard-setting and policy advocacy [13].