Shunbo Alloy’s private placement has been approved.

Securities Times China Securities Network reports: On the evening of July 8, Shunbo Alloy announced that on the same day the company received from the Shenzhen Stock Exchange’s listing review center an “Opinion Notice Letter” regarding the matter. The Shenzhen Stock Exchange’s issuance and listing review authority reviewed the company’s application documents for a stock issuance to specific targets and concluded that the company meets the issuance requirements, listing requirements, and information disclosure requirements. Going forward, the Shenzhen Stock Exchange will, in accordance with relevant regulations, report to the China Securities Regulatory Commission to complete the related registration procedures.

It is learned that on the evening of July 22, 2025, the company rolled out the above private placement (fixed increase) plan. It proposed to issue no more than 100 million shares (inclusive) to no more than 35 specific investors, with total fund-raising of no more than 600 million yuan (inclusive). After deducting issuance expenses, the funds will continue to be used for the construction of the aluminum alloy ingot project and the aluminum plate and strip project among the fund-raising investment projects from the stock issuance to specific targets in March 2024. Among them, the aluminum alloy ingot project is a supporting project for the aluminum plate and strip project. The aluminum alloy ingots produced will mainly be supplied to the aluminum plate and strip project as raw materials. The fund-raising products for external sales to the market are the aluminum plate and strip.

On November 6, 2025, the company made the first amendment to the plan, mainly involving two aspects: first, the total fund-raising amount was reduced from no more than 600 million yuan to no more than 585 million yuan, a deduction of 15 million yuan, correspondingly adjusting the proposed use of funds for the “aluminum alloy ingot project” from 400 million yuan down to 385 million yuan; second, the forecast net profits for the fund-raising projects for 2026-2028 were raised from -21.2642 million yuan, 108.2673 million yuan, and 331.7110 million yuan to -18.6617 million yuan, 114.1664 million yuan, and 341.5427 million yuan, and the gross margin of aluminum plate and strip was raised from 6.05% to 6.19%.

On March 16, 2026, the company made a second amendment to the plan, reducing the proposed fund-raising amount from no more than 585 million yuan to no more than 369 million yuan, and reducing the proposed number of shares to be issued from no more than 100 million shares to no more than 63 million shares. Correspondingly, the amount to be used for the fund-raising projects was also reduced: among them, the aluminum alloy ingot project’s proposed fund-raising amount was reduced from 385 million yuan to 269 million yuan, and the aluminum plate and strip project’s proposed fund-raising amount was reduced from 200 million yuan to 100 million yuan.

Shunbo Alloy stated that after the above projects are completed and put into production, they will continue to improve the company’s layout along the aluminum processing industry chain, enrich its product structure, help the company build a business model driven by “casting aluminum alloy raw material supply + deformation aluminum alloy raw material supply” with dual engines, continuously extend toward aluminum deep processing and higher value-added products, comprehensively enhance the company’s industrial competitiveness and development quality, and achieve a win-win for both corporate economic benefits and social benefits. (Wang Yi)