Core Viewpoint - Jianghua Microelectronics (江化微) plans to raise up to 300 million RMB through a simplified procedure for a specific audience to fund a project for producing 37,000 tons of ultra-pure wet electronic chemicals and to supplement working capital [1][4]. Group 1: Fundraising Details - The total investment for the ultra-pure wet electronic chemicals project is approximately 28.88 billion RMB, with the entire amount of raised funds allocated to this project [3]. - The company will also use 1.12 billion RMB to supplement its working capital, bringing the total fundraising target to 30 billion RMB [3]. - The issuance will be directed towards specific institutional investors, not exceeding 35 participants, including securities investment fund management companies, securities firms, trust companies, financial companies, insurance institutions, and qualified foreign institutional investors [3][4]. Group 2: Issuance Process - The issuance will adopt a pricing inquiry method, with the issue price set at no less than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing date [3]. - The number of shares issued will be determined by dividing the total amount raised by the issue price, with a cap of 30% of the company's total share capital prior to the issuance [3][4]. - The issuance has been authorized by the company's 2024 annual general meeting and approved by the relevant state-owned asset supervision authority, pending approval from the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission [4]. Group 3: Previous Fundraising Activities - Over the past five years, Jianghua Microelectronics has raised funds twice through private placements [5][6]. - In 2020, the company raised approximately 280 million RMB by issuing 8,787,878 shares at a price of 33.00 RMB per share, with a net amount of about 279 million RMB after deducting issuance costs [5]. - In 2022, the company raised around 646 million RMB by issuing 41,880,124 shares at a price of 15.43 RMB per share, with a net amount of approximately 639 million RMB after costs [6][7].

Core Viewpoint - The company plans to issue shares to a specific entity, aiming to raise no more than 400 million yuan, with a share price set at 6.74 yuan per share. This issuance is classified as a related party transaction and does not constitute a major asset restructuring [1] Group 1 - The raised funds will be used to supplement working capital and repay bank loans, which is expected to optimize the company's capital structure and enhance operational capacity and market competitiveness [1] - The issuance is subject to approval from the company's shareholders' meeting, the state-owned assets supervision and administration department, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [1]

Core Viewpoint - LiuGao Co., Ltd. plans to issue shares to specific investors through a simplified procedure, raising up to 300 million RMB for a high-quality technology upgrade project in the 2800mm medium-thick plate sector [1][2][3] Fundraising Details - The total investment for the 2800mm medium-thick plate high-quality technology upgrade project is approximately 487.68 million RMB, with the company intending to use 30 million RMB from the fundraising [2] - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [2][3] Issuance Process - The shares will be ordinary shares (A-shares) with a par value of 1.00 RMB each, and the issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) registers the decision [3][4] - The issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3] - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 768,837,960 shares [3] Shareholder Structure - As of March 31, 2025, the major shareholders include Guangxi Liuzhou Iron and Steel Group Co., Ltd., holding 74.57% of shares, and Wang Wenhui, holding 8.45% [4][5] - The actual controller of the company remains the State-owned Assets Supervision and Administration Commission of Guangxi Zhuang Autonomous Region, and the issuance will not change the control of the company [5] Financial Performance - LiuGao Co., Ltd. expects a significant increase in net profit for the first half of 2025, projecting a net profit attributable to shareholders of approximately 340 million to 400 million RMB, representing a year-on-year increase of 530% to 641% [5] - The expected net profit after deducting non-recurring gains and losses is projected to be between 315 million and 375 million RMB, with a year-on-year increase of 729% to 887% [5]

Core Viewpoint - The announcement regarding the detention of the actual controller, chairman, and president of Shiming Technology is a personal matter unrelated to the company, while the company is proceeding with a private placement to raise funds for specific projects and working capital [1][2]. Group 1: Company Announcement - Shiming Technology disclosed that its actual controller, chairman, and president, Lu Yong, has been subjected to detention due to matters related to Jiangsu Banbutang Real Estate Co., Ltd., which is a personal issue and does not involve the company [1]. - The company plans to raise up to 310 million yuan through a private placement, which will be used for a project to produce 5,000 tons of LCD display photoresist special nano pigment dispersion liquid, as well as to supplement working capital and repay bank loans [1]. Group 2: Share Issuance Details - The board of directors approved an issuance price of 9.41 yuan per share and a maximum issuance of 32,943,676 shares, not exceeding 30% of the total share capital prior to the issuance [2]. - The controlling shareholder, Jiangsu Fenghui New Energy Development Co., Ltd., will subscribe to the shares in cash, and after the issuance, Jiangsu Fenghui's shareholding will increase to 24.67% of the total shares [2]. - The issuance will not result in a change of control for the company, as the voting rights of certain shareholders will be waived during the specified period [3].