Group 1 - The company plans to raise funds not exceeding 285 million yuan through a simplified procedure for a specific audience to enhance its capital strength and profitability [1][8][9] - The background of the issuance is influenced by significant fluctuations in global copper prices, which have pressured cable companies to seek alternative materials like copper-clad steel cables [1][2] - Copper-clad steel technology offers a cost-effective solution while maintaining electrical performance, making it increasingly popular in various applications [2][3] Group 2 - The rapid expansion of electric vehicles is driving the development of charging infrastructure, with global sales of new energy vehicles expected to reach 16.9 million units in 2024, a 19.2% increase year-on-year [3][4] - In China, the production and sales of new energy vehicles are projected to grow by 34.43% and 35.50% respectively in 2024, with a penetration rate of 43.5% [4][5] - The domestic charging infrastructure market is expected to maintain strong demand due to the increasing electrification of commercial vehicles and advancements in charging technology [5][6] Group 3 - The company aims to enhance its product offerings in the high-power charging sector and nuclear power cable market through new projects funded by the issuance [7][8][24] - The projects include the development of high-power charging connectors and cooling systems, as well as special cables for next-generation nuclear power plants [7][8][24] - The issuance will also help optimize the company's financial structure, reduce debt ratios, and improve risk management capabilities [8][9][27] Group 4 - The selection of specific investors for the issuance will include up to 35 qualified entities, ensuring compliance with relevant regulations [10][11] - The pricing of the shares will be based on the average stock price over the 20 trading days prior to the issuance date, ensuring fairness [12][13] - The issuance process has been authorized by the company's annual general meeting and complies with legal requirements [17][18]