Fundraising Plan - The company plans to raise a total of up to 353.16 million yuan through a private placement of A-shares, with the funds intended for replenishing working capital and repaying debts [2][3]. Necessity and Feasibility of Fundraising - The company is a leading comprehensive service provider in oil and gas resource development, with significant demand for working capital due to the nature of its drilling engineering business [2][3]. - The global natural gas market is expected to remain tight by 2025, creating important market opportunities for the company amid increasing demand and insufficient supply growth [2][3]. - The fundraising will provide necessary financial support for sustainable development and enhance the company's capital strength, aiding in business upgrades [2][3]. Impact on Financial Structure - The company's debt-to-asset ratios over the past three years have been relatively high, at 69.47%, 68.16%, and 62.30%, indicating a need for financial optimization [3]. - The funds raised will help reduce the debt-to-asset ratio, optimize the capital structure, and lower financial risks [3][5]. Governance and Management - The company has established a sound corporate governance structure and a robust internal control environment, ensuring compliance with regulatory requirements for fundraising management [4][5]. - The board will oversee the use of raised funds to ensure they are used appropriately and to mitigate risks associated with fund usage [4]. Operational and Financial Impact - The fundraising is aligned with the company's strategic development needs, supporting stable daily operations and optimizing the business structure [5]. - Post-fundraising, the company's financial condition is expected to improve, with increased total assets and net assets, enhancing its financial strength and risk resistance [5]. Conclusion on Feasibility - The board believes that the fundraising aligns with national industrial policies and legal requirements, improves financial conditions, and enhances sustainable development capabilities, ultimately benefiting all shareholders [6].

Core Viewpoint - Beiken Energy plans to issue up to 54 million shares to its chairman Chen Dong at a price of 6.59 yuan per share, which will result in a change of control from Chen Pinggui to Chen Dong, who will hold 21.18% of the shares post-issuance [2][4]. Group 1: Share Issuance and Control Change - The share issuance is expected to be completed by May 8, with the company's stock price at 8.23 yuan per share and a total market capitalization of 1.654 billion yuan as of April 25 [2]. - Prior to the issuance, Chen Pinggui held 15.17% of the shares, which will decrease to 11.95% after the transaction [8]. - Chen Dong, born in November 1983, has held various positions in Beiken Energy since 2021 and has been the chairman since May 2022 [8]. Group 2: Financial Implications - The planned issuance aims to raise up to 356 million yuan, which will be used to supplement working capital and repay debts, thereby reducing financial risk [11][12]. - Beiken Energy's revenue is primarily derived from drilling engineering and technical services, necessitating significant working capital [12]. - The company's debt-to-asset ratios from 2022 to 2025 are 69.47%, 68.16%, 62.30%, and 59.55%, respectively, indicating a gradual decrease in leverage [13]. - The net profit attributable to shareholders for the years 2022 to 2024 shows a recovery trend from a loss of 319 million yuan in 2022 to a profit of 4.32 million yuan in 2024 [15].