Yibin Tianyuan Group Co., Ltd. (hereinafter referred to as "Tianyuan Shares", "Company", "this Company", or "the Issuer") is listed on the Main Board of the Shenzhen Stock Exchange (hereinafter referred to as "SZSE"). To meet the Company's capital needs for business development, enhance its capital strength, improve profitability, and achieve its strategic development plan, the Company, in accordance with the "Company Law of the People's Republic of China", the "Securities Law of the People's Republic of China", the "Administrative Measures for the Registration of Securities Issuances by Listed Companies" (hereinafter referred to as the "Registration Measures") and other relevant laws, regulations, and normative documents, plans to issue shares to specific objects to raise funds not exceeding RMB 47,880.00 million (inclusive). Unless otherwise specified in this report, the terms used herein have the same meaning as defined in the "Plan for Yibin Tianyuan Group Co., Ltd.'s 2026 Annual Issuance of A Shares to Specific Objects".
I. Background and Objectives of the Current Issuance to Specific Objects
(I) Background of the Current Issuance to Specific Objects
China's "dual carbon" goals provide a clear direction for the green transformation of the chemical industry. Since 2021, policy documents such as the "14th Five-Year Plan for the Development of the Raw Material Industry" have been issued, supporting the transformation of basic chemical industries such as chlor-alkali towards high-end, intelligent, and green development, and encouraging the extension of the industrial chain to high value-added fields such as chemical new materials and new energy battery materials. At the same time, the "New Energy Vehicle Industry Development Plan (2021-2035)" explicitly proposes to expand the scale of new energy vehicle applications, indirectly driving continuous growth in the demand for lithium battery materials.
The Company is the largest chlor-alkali enterprise in Southwest China and continues to promote its "one body, two wings" development strategy. Based on chlor-alkali chemicals, it is extending its industrial chain and value to the fields of titanium chemicals and new energy battery materials. Currently, the Company has a complete integrated manufacturing and recycling industrial chain of "resource-energy-chlor-alkali chemicals-chemical new materials and new energy battery materials", forming a broader synergy effect across the upstream and downstream industries.
The Company has generated significant capital demand in the process of green upgrading its industrial chain and promoting its new energy materials business. As of the end of 2023, 2024, and 2025, the Company's asset-liability ratios were 55.22%, 61.18%, and 61.40% respectively, which are at a relatively high level. Therefore, the Company has a need to optimize its capital structure through issuance of shares to specific objects.