Core Viewpoint - Fute Technology plans to issue A-shares to specific investors, aiming to raise up to 528.22 million RMB for various projects related to the electric vehicle industry and to supplement working capital [1][2]. Group 1: Stock Issuance Details - The stock issuance will target no more than 35 specific investors, including qualified institutional investors and individuals [1]. - The issuance price will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing date [1]. - The total number of shares to be issued will not exceed 30% of the company's total share capital before the issuance, which is calculated to be a maximum of 46,626,119 shares based on the current total of 155,420,399 shares [2][4]. Group 2: Fund Allocation - The total amount to be raised is capped at 528.22 million RMB, which will be allocated to the following projects: - Intelligent manufacturing of core components for electric vehicles: 234.25 million RMB - Second base for electric vehicle onboard power supply production: 155.96 million RMB - R&D for next-generation onboard power supply products: 36.42 million RMB - Supplementing working capital: 102.55 million RMB [2][3]. Group 3: Company Control and Financial Performance - After the issuance, the total share capital will increase to 202,046,518 shares, with the actual controller, Li Ningchuan, maintaining a 19.60% stake, ensuring no change in control [4]. - For the first quarter of 2025, the company reported a revenue of 506.15 million RMB, a year-on-year increase of 94.79%, while net profit attributable to shareholders decreased by 1.56% to 19.67 million RMB [6][7].

Group 1 - The company plans to issue shares to specific investors, with a maximum of 46.6261 million shares to be issued [1] - The total amount of funds to be raised is not expected to exceed 528 million yuan, after deducting issuance costs [1] - The raised funds will be used for the intelligent production and manufacturing project of core components for new energy vehicles (Phase III), the second base acquisition project for on-board power supply production, the R&D project for the next generation of on-board power supply products, and to supplement working capital [1]