Core Points - Gais Food (836826.BJ) disclosed a draft prospectus for the issuance of convertible bonds to specific investors, aiming to raise up to 150 million yuan for a project to produce 7,000 tons of prefabricated aquatic products and meat annually [1][3] Group 1: Fundraising Details - The total investment for the project is 161.38 million yuan, with the company planning to use the entire net proceeds from the bond issuance for this project [3] - The convertible bonds will be issued in a maximum quantity of 1.5 million units, with each bond having a face value of 100 yuan [3][4] - The bonds will have a term of six years from the date of issuance, with interest paid annually [4] Group 2: Issuance Process - The issuance will be conducted through a specific investor approach, pending approval from the Beijing Stock Exchange and the China Securities Regulatory Commission [3][4] - The final issuance targets will be determined through a competitive bidding process, ensuring all investors subscribe in cash at the same price and interest rate [4] Group 3: Previous Fundraising Activities - In December 2020, the company raised approximately 85.40 million yuan through a public offering of shares, with a price of 3.48 yuan per share [5] - In September 2022, the company raised about 77.40 million yuan through a private placement of shares at a price of 8.34 yuan per share [6] - The total funds raised from these two previous activities amounted to approximately 162.80 million yuan [7]

Group 1 - The 13th China Food Ingredients E-commerce Festival has successfully launched, showcasing Sanfeng Food's core products, including its popular large meat particle luncheon meat and the sub-brand Yilezai pig intestines [1][2] - Sanfeng's booth attracted nearly 1,000 merchants daily, demonstrating strong market appeal and leading position in the industry [1][2] - The festival featured over 5,500 exhibitors and 100,000 products, with a total exhibition area of 320,000 square meters, highlighting the growth of the prepared food market driven by the "lazy economy" and standardization trends in the catering industry [2] Group 2 - Sanfeng utilized an innovative "offline tasting + online live streaming" model, which effectively engaged various consumer groups and showcased product details in real-time [2][5] - The company's live streaming ranked third in the national food category on Douyin, indicating strong viewer engagement and positive feedback on product quality [3][5] - Sanfeng's new smart factory, set to begin operations in April, will enhance production efficiency and quality, featuring over 200 production devices and multiple intelligent production lines [5] Group 3 - Sanfeng's competitive advantage lies in its "quality foundation + digital empowerment + experiential marketing" strategy, which is crucial for navigating the increasingly competitive prepared food market [5] - The company has successfully exported its large meat particle luncheon meat to over 40 countries and regions, selling more than 30 million cans globally each year [5]