Zhongqi Shares: Plans to issue A shares to specific investors to raise funds of no more than 640 million yuan

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Zhongqi Co., Ltd. announced that the company plans to issue A-share stocks to specific targets to raise no more than 640 million yuan. After deducting issuance expenses, the raised funds will be fully used for the annual production of 3,400 tons of new pesticide technical materials and related products project (Phase II and III), the annual production of 1,300 tons of new pesticide technical materials and related products project (Phase I), the annual production of 15,500 tons of new pesticide technical materials and related products project (Phase II, Third Batch), the annual production of 1,300 tons of pesticides and related products project, the R&D center upgrade project, the innovative pesticide product R&D and registration project, and to supplement working capital. The pricing base date for this issuance is the first day of the issuance period, and the issuance price shall not be lower than 80% of the average trading price of the company's stocks in the 20 trading days prior to the pricing base date. Mr. Wu Yaojun intends to subscribe for no less than 50 million yuan worth of the company's stocks issued this time. This issuance still needs to be reviewed and approved by the company's shareholders' meeting, approved by the Shenzhen Stock Exchange, and registered with the China Securities Regulatory Commission before it can be implemented.
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