Core Viewpoint - Fulongma (603686.SH) announced a plan to issue shares to specific investors, aiming to raise up to RMB 1,005.37 million for projects related to smart sanitation operations and the development of unmanned sanitation equipment [1][3]. Group 1: Share Issuance Details - The total amount to be raised from the share issuance is capped at RMB 1,005.37 million, net of issuance costs [1]. - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [3]. - The issuance will be conducted after approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [3]. - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3]. Group 2: Target Investors - The issuance will target no more than 35 specific investors, including securities investment fund management companies, securities firms, trust investment companies, financial companies, insurance institutional investors, and qualified foreign institutional investors [4]. - The final selection of investors will be determined by the company's board of directors based on subscription bids after regulatory approvals [4]. Group 3: Shareholder Information - The actual controller of the company, Zhang Guifeng, holds 16.99% of the shares and is the largest shareholder [5]. - The share issuance will not change the controlling shareholder or the control of the company, nor will it affect the distribution of shares required for listing [5]. - Zhang Guifeng had previously announced a plan to reduce his holdings but decided to terminate this plan early, having sold 6,211,332 shares, which is 1.4952% of the total shares [5][6].