On October 8, Gronghui announced that Shanghai Newtouch Software (688590.SH) disclosed the plan to issue A-shares of stocks to specific targets in 2024. The issuance targets of stocks to specific targets are Mr. Guo Wei and Qian Yao Jia Sheng. Mr. Guo Wei is the actual controller of the company, while Qian Yao Jia Sheng is the actual controller of the enterprise controlled by Mr. Guo Wei. Mr. Guo Wei and Qian Yao Jia Sheng are related parties of the company, and this issuance constitutes a related trade. The issuance price is 9.63 yuan per share, with a total issuance quantity not exceeding 31,152,646 shares (including the base number), which is not more than 30% of the total share capital before this issuance.
The total amount of funds raised by this issuance of A-shares of stocks to specific targets does not exceed 300 million yuan (including the base number), and the net proceeds of the funds raised after deducting the relevant issuance expenses are all intended to be used for supplementing working capital and repaying loans.