Core Viewpoint - The Shenzhen Stock Exchange will hold its 15th listing review committee meeting on August 28, 2025, to review the application of Nabai Chuan New Energy Co., Ltd. for listing on the ChiNext board [1] Group 1: Company Information - Nabai Chuan plans to raise CNY 72.9 million for its projects, which include the annual production of 3.6 million sets of water-cooled plates in its first phase and to supplement working capital [1] - The sponsor and lead underwriter for Nabai Chuan's listing is Zheshang Securities Co., Ltd., with representatives Zhao Hua and Zhou Xudong [1]

中国经济网北京8月20日讯禾丰股份（603609）(603609.SH)昨日晚间披露《股东减持股份计划公告》。 根据公告，股东、监事会主席王凤久计划减持公司股份不超过11,990,000股，即不超过公司总股本的 1.3140%，不超过其持有公司股份总数的25%；股东、董事邵彩梅计划减持公司股份不超过8,000,000 股，即不超过公司总股本的0.8767%，不超过其持有公司股份总数的25%。上述股东将通过大宗交易、 集中竞价交易等上海证券交易所认定的方式减持公司股份，减持期间为自公告披露之日起十五个交易日 后的三个月内，即自2025年9月11日至2025年12月10日。合计减持数量不超过19,990,000股，合计减持比 例不超过公司总股本的2.1907%。 本次减持计划实施不会导致上市公司控制权发生变更。 2019年公司非公开发行股票募集资金。经中国证券监督管理委员会《关于核准辽宁禾丰牧业股份有限公 司非公开发行股票的批复》(证监许可[2018]1742号)核准，公司(原名辽宁禾丰牧业股份有限公司)向8名 特定投资者非公开发行股票76,552,927股，每股面值1.00元，每股发行价格为10.16元，募集资 ...

Core Viewpoint - The announcement details the completion of a share reduction plan by a significant shareholder of Yacon Co., Ltd., which will not affect the company's control or governance structure [1][3]. Group 1: Share Reduction Details - The shareholder, Haikou Xiangyuan Zhihong Venture Capital Partnership, reduced its holdings from 9,518,698 shares (11.05% of total shares) to 8,884,998 shares (10.24% of total shares) [1][3]. - The reduction was executed through a combination of centralized bidding and block trading, totaling 633,700 shares sold for approximately 36.40 million yuan [2][3]. - The average selling prices for the shares sold through centralized bidding ranged from 56.83 yuan to 59.41 yuan, while block trading averaged around 53.34 yuan [2]. Group 2: Fundraising and Financial Information - Yacon Co., Ltd. was listed on the Shenzhen Stock Exchange on October 18, 2021, raising a total of 429 million yuan, with a net amount of 371 million yuan after expenses [3][4]. - The company initially planned to raise 501 million yuan, with the funds allocated for R&D, service system upgrades, and working capital [3]. - The total amount raised from two fundraising efforts by the company is 690 million yuan [5].

Fundraising Plan - The company plans to raise a total of up to 385.135 million yuan through a private placement of A-shares, which will be used to supplement working capital and repay loans after deducting issuance costs [1][2] Necessity and Feasibility of Fundraising - The necessity of the fundraising is highlighted by the company's core business of providing centralized heating for industrial parks, which has seen good growth due to increasing demand and economic development in recent years [1][2] - The company has relied on external financing, primarily bank loans, to meet its funding needs, with short-term loan balances increasing from 160.3365 million yuan to 302.6775 million yuan over the past three years [2] - The fundraising will enhance the company's financial strength, increase total assets and net assets, reduce the debt-to-asset ratio, and improve the capital structure [2][5] Impact on Company Control and Market Confidence - The entire subscription of the new shares will be made by the controlling shareholder, Nanchang Baitong Environmental Technology Co., Ltd., which will increase the control ratio of the actual controller, Zhang Chunlong, thereby stabilizing company control [3] - This move reflects the controller's confidence in the company's future, which is expected to boost market confidence and recognition of the company's value [3] Management of Raised Funds - The company has established a fundraising management system in compliance with regulatory requirements, ensuring proper storage, usage, and supervision of the raised funds [4] Impact on Financial Status - The issuance will lead to an increase in total assets and net assets, improve liquidity ratios, and enhance short-term debt repayment capacity [5] - Although there may be a temporary dilution of net asset return and earnings per share due to the increase in total shares, the long-term operational capacity is expected to strengthen with the effective use of raised funds [5] Regulatory Compliance - The fundraising does not involve any project approval matters such as environmental impact assessments, thus avoiding the need for additional regulatory approvals [5] Conclusion on Feasibility - The fundraising plan is deemed necessary and feasible, aligning with relevant laws and regulations, and is expected to meet the company's funding needs while enhancing overall strength and profitability [5]