Far East Holdings: Plans to issue A-shares to specific targets to raise no more than 2 billion yuan

Far East Shares Announcement, the company plans to issue A-shares to specific investors to raise no more than 2 billion yuan.
After deducting related issuance expenses, the raised funds will be used to invest in the AIDC fully synthetic optical fiber preform manufacturing project (planned investment of 1.4 billion yuan) and to supplement working capital (planned investment of 600 million yuan).
The number of shares issued to specific investors in this issuance will not exceed 666 million shares, and the issuance price will not be less than 80% of the average trading price of the company’s stock during the 20 trading days prior to the pricing benchmark date.
The issuance targets will be no more than 35 specific investors. The final specific investors will be determined by the company’s board of directors within the scope of shareholder approval after obtaining approval from the Shanghai Stock Exchange and registration approval from the China Securities Regulatory Commission, based on the subscription situation of the issuance targets and in consultation with the sponsor (lead underwriter).