Core Viewpoint - Yonghui Supermarket Co., Ltd. plans to issue A-shares to specific investors to raise funds for store upgrades and logistics improvements, aligning with its strategic transformation towards "quality retail" [9][10]. Group 1: Issuance Overview - The total amount to be raised from the issuance is capped at 311,386.04 million RMB, with the net proceeds allocated to various projects [15][18]. - The issuance will involve no more than 35 specific investors, including securities investment funds, securities companies, and qualified foreign institutional investors [10][12]. - The final issuance price will be determined based on the average trading price of the company's shares over the 20 trading days prior to the pricing date, with a minimum price set at 80% of this average [12][13]. Group 2: Purpose and Use of Funds - The funds raised will primarily be used for upgrading 216 stores and enhancing logistics capabilities, which are crucial for the company's strategic direction [18][24]. - The store upgrade project aims to implement the "Pang Donglai model" to improve market image and service quality, thereby increasing customer satisfaction and sales [19][20]. - The logistics upgrade project will enhance the company's supply chain capabilities by introducing advanced automation and smart warehousing systems [25][26]. Group 3: Strategic Context - The retail industry is facing intensified competition, prompting companies like Yonghui to adapt by enhancing customer experience and product quality [9][10]. - The company has already completed upgrades in 31 stores, resulting in significant increases in customer traffic and sales [19][23]. - National policies are increasingly supportive of retail transformation, providing a favorable environment for projects aimed at improving service quality and operational efficiency [29][30].

Group 1 - The core purpose of the issuance is to raise funds for store upgrades and logistics improvements, aligning with the company's strategic transformation towards "quality retail" [9][10][18] - The total amount to be raised from the issuance is capped at 399,207.99 million RMB, with the total investment for the projects being 637,607.99 million RMB [15][18] - The company plans to upgrade 298 stores using the "Pang Donglai model," enhancing market image and service quality, which is expected to improve competitiveness and profitability [18][20][21] Group 2 - The issuance will involve no more than 35 specific investors, including various financial institutions and qualified investors, who will subscribe to the shares in cash [10][12][14] - The final issuance price will be determined based on the average trading price of the company's shares over the 20 trading days prior to the pricing date, with a minimum price set at 80% of that average [12][13][14] - The shares issued will have a lock-up period of six months post-issuance, during which they cannot be transferred [14][16] Group 3 - The logistics and warehousing upgrade project aims to enhance the company's supply chain capabilities by introducing advanced automation and improving storage efficiency [25][27][28] - The company has established a strong market presence with over 775 stores across 29 provinces, which supports its strategic initiatives [23][24] - The project is expected to significantly improve the company's operational efficiency and reduce costs, thereby enhancing overall profitability [27][28]