Core Viewpoint - The company is issuing A-shares to specific investors, which will dilute immediate returns, and it has proposed measures to compensate for this dilution [2][5][9] Financial Impact Analysis - The company anticipates a net profit attributable to shareholders of -68,793.53 million yuan for 2024, with various scenarios predicting a reduction in losses for 2025 [3][4] - The total share capital will increase from 68,507.89 million shares to 70,632.37 million shares post-issuance [3] - Basic earnings per share (EPS) are projected to improve from -1.10 yuan to -0.92 yuan under different profit scenarios for 2025 [3][4] Fundraising Necessity and Reasonableness - The fundraising is aimed at optimizing the business structure, enhancing industry position, and improving core competitiveness and profitability [5] - The projects funded by this issuance align with national industrial policies and the company's strategic development, promising good market prospects and economic benefits [5][6] Relationship with Existing Business - The funds will be used for high-performance phosphate-based cathode materials projects and to supplement working capital, closely related to the company's core business in green energy materials [5][6] Measures to Mitigate Dilution - The company plans to strengthen fundraising management, enhance operational efficiency, and improve profit distribution policies to protect shareholder interests [7][8] - Specific commitments have been made by the company's board and major stakeholders to ensure the effectiveness of the compensation measures [8][9] Approval Process - The measures related to the dilution of immediate returns and the associated commitments have been approved by the company's board and will be submitted for shareholder approval [9]