Core Viewpoint - The company Huazhong Technology (华力创通) plans to issue A-shares to specific investors, aiming to raise up to 450 million yuan for various projects and working capital [1][2]. Group 1: Share Issuance Details - The share issuance will target up to 35 specific investors, including securities investment funds, securities companies, and qualified foreign institutional investors [1]. - The issuance will be conducted through a competitive bidding process, with the price set at no less than 80% of the average trading price over the previous 20 trading days [1]. - The total number of shares issued will not exceed 30% of the company's total share capital prior to the issuance [1]. Group 2: Fund Utilization - The total investment for the projects is approximately 598.78 million yuan, with the raised funds allocated as follows: - 113 million yuan for radiation-resistant module-based satellite computing equipment [3] - 90 million yuan for multi-mode satellite communication SOC chip development [3] - 112 million yuan for a global multi-mode navigation system project [3] - 135 million yuan for working capital [3]. Group 3: Ownership and Control - As of the announcement date, the actual controller, Gao Xiaoli, holds 108,866,400 shares, representing 16.43% of the total share capital [4]. - Post-issuance, Gao Xiaoli's shareholding is expected to decrease to 12.64%, but measures will be taken to avoid any change in control [4]. Group 4: Previous Fundraising and Financial Performance - In a previous issuance, the company raised approximately 330 million yuan, with a net amount of about 324 million yuan after expenses [5]. - The company anticipates a net loss of 98 million to 136 million yuan for the year 2024, a significant decline compared to a profit of 17.62 million yuan in the previous year [6].