Core Viewpoint - Henan Yuguang Gold & Lead Co., Ltd. plans to issue shares to specific investors in 2025 to enhance liquidity and repay bank loans, with a total fundraising amount not exceeding 400 million yuan [2][13][29]. Group 1: Issuance Overview - The issuance will involve a maximum of 59,347,181 shares, accounting for no more than 30% of the company's total share capital prior to the issuance [12][27]. - The pricing benchmark date is set as the date of the board's resolution announcement, with the issue price being no less than 80% of the average trading price over the previous 20 trading days [11][12]. - The funds raised will be used entirely for supplementing working capital and repaying bank loans [2][13][26]. Group 2: Company Background and Purpose - The company aims to establish a strategic base for non-ferrous metal new materials and is focused on high-end, intelligent, and green transformation [9][28]. - The company has experienced a compound annual growth rate of 20.46% in revenue, indicating a strong growth trajectory [9][26]. - The issuance is part of a broader strategy to address the challenges posed by the depletion of primary lead resources and to enhance the recycling of lead from used batteries [6][9]. Group 3: Financial Impact and Control - The issuance is expected to improve the company's financial structure by reducing the debt-to-asset ratio, which was 71.08% as of March 31, 2025 [10][29]. - The controlling shareholder, Yuguang Group, will increase its stake in the company, thereby enhancing its control and ensuring stability in the company's governance [10][15][27]. - The company has established a robust governance framework to manage the raised funds effectively, ensuring compliance with regulatory requirements [28][29].

Group 1 - The company achieved a revenue of 39.345 billion yuan in 2024, representing a year-on-year growth of 22.40% [1] - The net profit attributable to shareholders reached 807 million yuan, with a year-on-year increase of 38.88% [1] - The company plans to distribute a cash dividend of 2.25 yuan per 10 shares, totaling 245 million yuan, which accounts for 30.39% of the net profit [1] Group 2 - The company has been leading the advancement of domestic lead smelting technology and is recognized for its international leading position in this field [2] - The company has developed several core technologies, including oxygen bottom-blown oxidation and liquid high-lead slag direct reduction for lead smelting [2] - The company aims to create a "first-class non-ferrous metal new materials high-tech industrial group" and is focused on accelerating its transformation towards high-end, intelligent, and green development [2]