Core Viewpoint - Hualing Cable has received approval from the Shenzhen Stock Exchange for its application to issue shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1] Summary by Relevant Sections Issuance Details - The total amount to be raised from the issuance is not more than 1.2149 billion yuan, with net proceeds after issuance costs allocated to various projects including new energy cable production and digital upgrades [1][2] - The issuance will involve no more than 35 specific investors, including the controlling shareholder Xianggang Group and the ultimate controlling shareholder Hunan Steel Group [2][3] Project Allocation - The funds will be allocated to the following projects: 1. New energy and electric cable production: 387.21 million yuan 2. High-end flexible special cable production: 286.41 million yuan 3. Comprehensive harness and component production: 249.93 million yuan 4. Digital upgrade and capability enhancement: 181.32 million yuan 5. Working capital: 360 million yuan - The total investment for these projects is approximately 1.4649 billion yuan [2] Shareholder Structure - Before the issuance, Xianggang Group holds 41.80% and Hunan Steel Group holds 6.66% of the company, with a combined control of 49.17% [4] - Post-issuance, Xianggang Group is expected to hold 35.00% and Hunan Steel Group 5.27%, maintaining the control structure without changes [5] Regulatory and Advisory Information - The issuance is sponsored by CITIC Securities, with representatives Luo Feng and Yao Weihua overseeing the process [6]