Core Viewpoint - The company, Jinqiao Information, plans to issue A-shares to specific investors, aiming to raise up to 633.38 million RMB for various projects, including AI development and core solution upgrades [1][2]. Group 1: Stock Issuance Details - The stock issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The issuance price will be set at no less than 80% of the average trading price over the previous 20 trading days [1]. - The total number of shares to be issued will not exceed 20% of the company's total shares prior to the issuance, amounting to a maximum of 73,080,365 shares [2]. Group 2: Fund Utilization - The total amount raised will not exceed 633.38 million RMB, which will be allocated to three main projects: 1. Smart Space Core Solution Upgrade Project: 35,113.26 million RMB 2. AI Development Project for Industry Applications: 22,497.88 million RMB 3. Working Capital Supplement: 12,000.00 million RMB [2][4]. Group 3: Shareholder Impact - The controlling shareholder, Jin Guopei, currently holds 18.24% of the shares, which will decrease to a minimum of 15.20% post-issuance, but will not change the control of the company [5]. - Measures will be taken to ensure the stability of control, including potential limits on the number of shares that a single investor can subscribe to [5]. Group 4: Financial Performance - For the first half of 2025, the company anticipates a net loss of between 49.5 million RMB and 33.3 million RMB [7]. - In 2024, the company reported a revenue of 699.20 million RMB, a decrease of 24.98% year-on-year, and a net loss attributable to shareholders of 60.83 million RMB, a decline of 337.45% [8][10].