Core Viewpoint - Yonghui Supermarket (601933.SH) plans to issue A-shares to specific investors, aiming to raise up to 3.992 billion yuan for store upgrades, logistics improvements, and working capital [1] Group 1: Stock Issuance Details - The company intends to issue shares to no more than 35 specific investors [1] - The issuance price will be no less than 80% of the average trading price of the company's stock over the 20 trading days prior to the pricing date, and not lower than the latest audited net asset value per share [1] - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance [1] Group 2: Fund Utilization - The total amount raised will not exceed 3.992 billion yuan, including issuance costs [1] - After deducting issuance expenses, the net proceeds will be used for store upgrades, logistics improvements, working capital, or repaying bank loans [1] Group 3: Store Upgrade Project - The store upgrade project is expected to utilize 3.213 billion yuan of the raised funds, with a total investment of 5.597 billion yuan [1] - The company plans to upgrade 298 stores using the "Fat Donglai model," enhancing the market environment and improving hardware and software facilities [1] - The upgrades aim to enhance the market image and service quality of the stores, improve consumer comfort and experience, and implement a series of reforms in product structure, shopping experience, organizational structure, and compensation to boost overall market competitiveness and profitability [1]