Core Viewpoint - The company, China National Materials Technology (中材科技), plans to issue A-shares to specific investors to raise up to 448,114.92 million yuan for various projects and debt repayment [1][2]. Fundraising Details - The total investment for the projects includes: - 180,624.00 million yuan for the production of 35 million meters of low dielectric fiber cloth, with 166,200.00 million yuan from the raised funds - 175,089.00 million yuan for the production of 24 million meters of ultra-low loss low dielectric fiber cloth, with 147,500.00 million yuan from the raised funds - 82,014.92 million yuan for repaying state allocated funds - 52,400.00 million yuan for supplementing working capital - Total investment amounts to 490,127.92 million yuan, with 448,114.92 million yuan from the fundraising [2]. Issuance Structure - The shares will be issued as domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan each, targeting up to 35 specific investors, including Zhonglian Investment, which plans to subscribe for 82,014.92 million yuan [3][4]. - The issuance will follow an inquiry-based pricing method, with the price set at no less than 80% of the average trading price over the previous 20 trading days [3]. Shareholding and Control - As of the announcement date, the total share capital of the company is 1,678,123,584 shares, and the maximum number of shares to be issued will not exceed 30% of the pre-issue total share capital, estimated at 503,437,075 shares [4]. - China National Materials Group, the actual controller of the company, will maintain its controlling stake post-issuance, ensuring no change in control [4].

Core Viewpoint - The company Zhongcai Technology has successfully completed certification and bulk supply of its ultra-low loss low dielectric fiber cloth to major clients, indicating a positive development in its product offerings and market position [1] Group 1 - The ultra-low loss low dielectric fiber cloth has been certified by leading customers, which is a significant milestone for the company [1] - The direct downstream market for this product includes high-frequency and high-speed copper-clad board enterprises, suggesting a strong demand in the electronics sector [1] - New production capacity will be gradually released as projects are completed, indicating potential for future growth and revenue increase [1]