Core Viewpoint - Shenghong Technology has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final registration approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The company plans to raise a total of up to 190 million yuan through this issuance, with net proceeds intended for investment in projects in Vietnam and Thailand, as well as for working capital and loan repayment [1][2] - The specific projects include the Vietnam Shenghong AI HDI project with a total investment of approximately 181.55 million yuan, for which 85 million yuan will be raised, and the Thailand high-layer printed circuit board project with a total investment of about 140.21 million yuan, for which 50 million yuan will be raised [2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities as per CSRC regulations [2][3] Group 2: Issuance Process and Conditions - The final issuance amount will be determined by the board of directors based on subscription results after approval from the Shenzhen Stock Exchange and CSRC registration [3] - The issuance price will not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [3] - Shares acquired by the issuance participants will be subject to a six-month lock-up period post-issuance [3][4]