Prospectus
Important Notice
The terms or abbreviations used in this section have the same meanings as those defined in the "Definitions" section of this prospectus. The company specifically requests that investors carefully read the full text of this prospectus before making investment decisions and pay special attention to the following matters.
I. Summary of the Plan for Issuance of Shares to Specific Targets
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The company held the 16th meeting of the 2nd Board of Directors and the 2025 3rd Extraordinary General Meeting on December 4, 2025, and December 25, 2025, respectively. It also held the 17th meeting of the 2nd Board of Directors and the 2026 1st Extraordinary General Meeting on March 7, 2026, and March 25, 2026, to deliberate and approve the relevant proposals for the company's 2025 issuance of shares to specific targets. The specific plan for this issuance is subject to review and approval by the Shenzhen Stock Exchange and registration by the CSRC.
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The targets for this issuance of A-shares shall not exceed 35 specific investors, including securities investment fund management companies, securities companies, trust companies, finance companies, insurance institutional investors, qualified foreign institutional investors (QFII), RMB qualified foreign institutional investors (RQFII), and other legal entities, natural persons, or qualified investors that meet the requirements of the CSRC.
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The pricing benchmark date for this issuance is the first day of the issuance period. The issuance price shall not be lower than 80% of the average trading price of the company's shares for the 20 trading days preceding the pricing benchmark date.
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The number of shares to be issued shall be determined by dividing the total proceeds by the issuance price, with a maximum of 63,180,000 shares (inclusive), representing no more than 30% of the total share capital prior to this issuance. The total proceeds shall not exceed 1.2 billion RMB (inclusive).
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The total proceeds from this issuance shall not exceed 1.2 billion RMB (inclusive). After deducting issuance expenses, the net proceeds will be used for the following projects:
| No. | Project Name | Total Investment | Proposed Proceeds Investment |
|---|---|---|---|
| 1 | Semiconductor Equipment Precision Structural Parts Project | 74,217.67 | 70,000.00 |
| 2 | Communication and Automotive Parts Die-casting Industrialization Project | 28,355.06 | 25,000.00 |
| 3 | Working Capital Replenishment and Bank Loan Repayment | 25,000.00 | 25,000.00 |
| Total | 127,572.73 | 120,000.00 |
Any shortfall in project funding will be covered by the company using its own funds or other financing methods. If the company uses self-raised funds to invest in these projects prior to the arrival of the proceeds, such funds will be replaced by the proceeds once available.
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Shares subscribed by the specific targets shall not be transferred within 6 months from the date of the completion of this issuance.
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Upon completion of this issuance, there will be no change in the company's controlling shareholder or actual controller, and the company's equity distribution will continue to meet listing requirements.
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Upon completion of this issuance, the accumulated undistributed profits prior to the issuance will be shared by both new and existing shareholders in proportion to their shareholdings.
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The resolution for this issuance shall be valid for 12 months from the date of approval by the General Meeting of Shareholders.
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In accordance with relevant regulations regarding the dilution of immediate returns, the company has analyzed the impact of this issuance on immediate returns, proposed specific measures to fill the gaps, and relevant parties have made commitments to ensure the effective implementation of these measures.