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AZI Receives US$10 Million Share Subscription from Controlling Shareholder; Plans to Issue Shares at a 30% Premium to Market Price
Prnewswire· 2026-01-30 12:15
Core Viewpoint - Autozi Internet Technology (Global) Ltd. has received US$10 million in share subscription proceeds from its controlling shareholder, indicating strong confidence in the company's long-term development strategy and business prospects [1][3]. Group 1: Share Subscription and Corporate Actions - The company has fully received the subscription proceeds and plans to issue shares to the controlling shareholder at a 30% premium to the market price [1][2]. - The issuance and registration of shares will be implemented in phases, following necessary corporate governance procedures and disclosure requirements [2]. Group 2: Confidence and Future Strategy - The controlling shareholder's participation in the share issuance is viewed as a positive signal regarding the company's fundamentals and expected medium- to long-term share price performance [3]. - The company aims to execute its established strategy, accelerate business expansion and product innovation, and enhance operational performance to reward shareholder trust [3]. Group 3: Operational and Financial Goals - The company will continue to adhere to prudent operations and compliant corporate governance practices, enhancing operational efficiency and profitability [4]. - Key goals include optimizing the capital structure, supporting core business expansion, increasing investment in technology and product upgrades, and improving resilience to industry competition [7]. Group 4: Company Overview - Autozi is a technology-driven operator of automotive e-commerce platforms, providing value-added services such as new car sales, parts procurement, and logistics coordination [5]. - The company aims to promote industry transformation by improving circulation efficiency and reducing operational costs [5].