证券日报网讯 12月12日晚间，仙鹤股份发布公告称，公司于2025年12月12日召开第四届董事会第五次 会议，审议通过了《关于部分募投项目结项并将节余募集资金用于投资建设新项目的议案》。公司部分 募投项目"年产30万吨高档纸基材料项目"和"年产3万吨热升华转印原纸、食品包装纸项目"已实施完成 并达到预定可使用状态，公司董事会同意将上述项目予以结项，预计节余募集资金62，280.19万元（含 利息收入及理财收益，实际以资金转出当日银行结息余额为准）用于投资建设新项目"年产2万吨绝缘 纸、电容纸等特种纸项目"，保荐机构东方证券股份有限公司对上述事项发表了明确的核查意见。该事 项尚需提交公司股东会审议。 （文章来源：证券日报） ...

Core Viewpoint - Xianhe Co., Ltd. plans to raise up to 300 million yuan through a private placement of A-shares, with the funds allocated for the second phase of the high-performance paper-based new materials project in Guangxi Sanjiangkou New Area and to supplement working capital [1][2]. Group 1: Fundraising Details - The total investment for the second phase of the high-performance paper-based new materials project is approximately 540.43 million yuan, with 210 million yuan expected to be funded from the private placement [2]. - The company aims to use 90 million yuan from the raised funds to supplement its working capital, bringing the total planned fundraising to 300 million yuan [2]. - The issuance will consist of domestic listed ordinary shares (A-shares) with a par value of 1.00 yuan per share [2]. Group 2: Issuance Structure - The private placement will target no more than 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [3]. - The total number of shares issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to a maximum of 211,792,834 shares [3][4]. - The pricing for the shares will be based on 80% of the average trading price over the 20 trading days preceding the pricing date [4]. Group 3: Historical Context - Xianhe Co., Ltd. was listed on the Shanghai Stock Exchange on April 20, 2018, raising approximately 842.58 million yuan at an issuance price of 13.59 yuan per share [5]. - The company has previously raised funds through convertible bonds, including 125 million yuan in January 2020 and 205 million yuan in December 2021, for various projects and working capital [6][7]. - The total amount raised by Xianhe Co., Ltd. through these three fundraising efforts is approximately 414.26 million yuan [7].