Core Viewpoint - The announcement regarding the detention of the actual controller, chairman, and president of Shiming Technology is a personal matter unrelated to the company, while the company is proceeding with a private placement to raise funds for specific projects and working capital [1][2]. Group 1: Company Announcement - Shiming Technology disclosed that its actual controller, chairman, and president, Lu Yong, has been subjected to detention due to matters related to Jiangsu Banbutang Real Estate Co., Ltd., which is a personal issue and does not involve the company [1]. - The company plans to raise up to 310 million yuan through a private placement, which will be used for a project to produce 5,000 tons of LCD display photoresist special nano pigment dispersion liquid, as well as to supplement working capital and repay bank loans [1]. Group 2: Share Issuance Details - The board of directors approved an issuance price of 9.41 yuan per share and a maximum issuance of 32,943,676 shares, not exceeding 30% of the total share capital prior to the issuance [2]. - The controlling shareholder, Jiangsu Fenghui New Energy Development Co., Ltd., will subscribe to the shares in cash, and after the issuance, Jiangsu Fenghui's shareholding will increase to 24.67% of the total shares [2]. - The issuance will not result in a change of control for the company, as the voting rights of certain shareholders will be waived during the specified period [3].

Core Viewpoint - The actual controller and chairman of Shiming Technology, Lu Yong, has been placed under detention due to personal matters related to a real estate company, which the company claims is unrelated to its operations [1][2][3]. Group 1: Company Background - Shiming Technology (SZ300522) is a concept stock in the photoresist sector, with a current stock price of 16.77 yuan and a market capitalization of 5.408 billion yuan [1]. - The company announced plans for a project to produce 5,000 tons of LCD display photoresist special nano pigment dispersions, which contributed to its classification as a photoresist concept stock [3]. Group 2: Recent Developments - On July 28, 2025, Shiming Technology disclosed that Lu Yong's family informed the company about the detention notice issued by the Qidong Municipal Supervisory Committee, stating that the matter is personal and unrelated to the company [2][3]. - The company has not received any further notifications from relevant authorities regarding this issue and will continue to monitor the situation [2]. Group 3: Leadership Changes - Lu Yong has held multiple leadership positions in various companies, including as chairman of Jiangsu Fenghui New Energy Development Co., Ltd. and Jiangsu Banbu Tang Cultural Development Co., Ltd. [4]. - Lu Yong became the chairman of Shiming Technology in August 2024, following a change in control from the previous actual controller, Lü Shiming [4]. Group 4: Financial Aspects - In the previous year, Shiming Technology announced a private placement plan to raise up to 310 million yuan, with approximately 230 million yuan allocated for the photoresist project and 80 million yuan for working capital and bank loan repayment [5]. - The company asserts that it has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, while other board members continue to perform their duties normally [5].