Core Viewpoint - Xianhe Co., Ltd. plans to raise up to 300 million yuan through a private placement of A-shares, with the funds allocated for the second phase of the high-performance paper-based new materials project in Guangxi Sanjiangkou New Area and to supplement working capital [1][2]. Group 1: Fundraising Details - The total investment for the second phase of the high-performance paper-based new materials project is approximately 540.43 million yuan, with 210 million yuan expected to be funded from the private placement [2]. - The company aims to use 90 million yuan from the raised funds to supplement its working capital, bringing the total planned fundraising to 300 million yuan [2]. - The issuance will consist of domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share [2]. Group 2: Issuance Structure - The private placement will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [3]. - The total number of shares issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 211,792,834 shares [3][4]. - The pricing for the shares will be based on 80% of the average trading price over the 20 trading days preceding the pricing date [4]. Group 3: Historical Context - Xianhe Co., Ltd. was listed on the Shanghai Stock Exchange on April 20, 2018, raising approximately 842.58 million yuan at an issuance price of 13.59 yuan per share [5]. - The company has previously raised funds through convertible bonds, including 125 million yuan in January 2020 and 205 million yuan in December 2021, for various projects and working capital [6][7]. - The total amount raised by Xianhe Co., Ltd. through these three fundraising efforts is approximately 414.26 million yuan [7].