Core Viewpoint - Hongda Co., Ltd. has received approval from the Shanghai Stock Exchange for its plan to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission [1][2]. Group 1: Share Issuance Details - The total amount of funds to be raised through the issuance is 285,292.80 million RMB, which will be used for debt repayment and to supplement working capital [2]. - The shares will be issued at a price of 4.68 RMB per share, which is not less than 80% of the average trading price over the 20 trading days prior to the pricing date [3]. - A total of 609,600,000 shares will be issued, representing no more than 30% of the total share capital before the issuance [4]. Group 2: Shareholder and Control Information - The shares will be issued to Shudao Group, the controlling shareholder of the company, which constitutes a related party transaction as per the listing rules [4]. - The issuance will not change the control of the company, as Shudao Group will maintain its status as the controlling shareholder after the issuance [4]. Group 3: Regulatory and Advisory Information - The issuance is sponsored by CITIC Securities Co., Ltd., with Guo Hao and Li Yanping serving as the sponsoring representatives [5].