Creation of science and technology plan to increase the porcelain insulator project

NetEase Financial January 25 News of the creation of a yuan science and technology announced in the evening of non-public offerings are expected, the number of non-public offering is not more than 30 million shares, the issue price is not less than 15.50 yuan/share, the total amount of funds proposed to raise not more than 465.5 million yuan,　　The object of this issue is not more than 10 of the specific objects including the venture capital investment of the company controlling shareholder. Chuang Yuan Science and Technology said, deduct the issue fee to invest in Suqian company Porcelain insulator project. Suqian Company's porcelain insulator project total investment of 504.85 million yuan, the plan to use the fund-raising 445.5 million yuan.　　Raise funds in place by the company to the Suzhou Electric porcelain to increase capital, Suzhou electric Porcelain to the Suqian company Capital, increase capital, by Suqian company specific implementation of the project.　　Chuang Yuan Technology said that through the private issue of shares, the company will further strengthen one of the main industries of porcelain insulator field, to achieve in the porcelain insulator industry scale expansion, expand in the porcelain insulator market share, improve the core competitiveness and profitability of the company's main business, further optimize the composition of the company's main businesses, to promote the implementation of the Company's development strategy. As of December 31 last year, the creation of Yuan investment directly held 8,987.920,000 shares, accounting for the company's total share capital of 33.7%, of which the limited conditions of circulation shares 8.4229 million shares.　　The holding shareholder creates the yuan investment to subscribe this non-public issue to finally determine the issue stock quantity 33.7%, after the issuance completes the investment shareholding ratio unchanged. As of January 20, the closing date of the trading, Chuang Yuan Technology reported 15.69 Yuan, down 3.92%.