Visionox plans to launch a private placement of no more than 300 million yuan

On May 18, Visionox issued an announcement stating that the company’s board of directors has agreed to a proposal to issue stocks to specific objects through a simplified procedure and has handled related matters. The total amount of financing this time does not exceed RMB 300 million, and does not exceed 20% of the company's net assets at the end of the most recent year. RMB ordinary shares (A shares) listed in China, with a face value of RMB 1.00 per share.

The pricing base date for this issuance of stocks is the first day of the issuance period, and the issuance price is not less than 80% of the average stock price in the 20 trading days before the pricing base date (the calculation formula for the average stock trading price in the 20 trading days before the pricing base date is: the average stock trading price in the 20 trading days before the pricing base day = the total stock trading volume in the 20 trading days before the pricing base day / the total stock trading volume in the 20 trading days before the pricing base day). The issuance quantity is determined by dividing the total amount of funds raised by the issuance price, and shall not exceed 30% of the total share capital of the company before issuance.

The final issuance price and issuance quantity will be determined by the board of directors and the sponsor (lead underwriter) based on the authorization of the shareholders' meeting based on the inquiry results. If the company's stock undergoes ex-rights and ex-dividend events such as dividend distribution, bonus shares, capitalization of capital reserves, etc. between the pricing base date and the issuance date, the issue price of this issuance will be adjusted accordingly. The final issuance price will be determined by the company's board of directors and the sponsor (lead underwriter) in consultation with the sponsor (lead underwriter) based on the bidding results and in accordance with relevant regulations in accordance with the authorization of the annual shareholders' meeting.

The document shows that the issuance of stocks to specific objects through simplified procedures must be reviewed and approved by the company's 2025 annual shareholders' meeting. The board of directors will submit an application plan to the Shenzhen Stock Exchange within the authorization period based on the company's financing needs, and submit it to the Shenzhen Stock Exchange for review and registration with the China Securities Regulatory Commission before it can be implemented. There is uncertainty. (Source: Visionox)

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