[Yongshan Lithium Plans to Raise up to RMB 500 Million via Private Placement of A-Shares]
On July 29, Yongshan Lithium (603399.SH) announced that it plans to issue A-shares to specific investors, with total funds raised not exceeding RMB 500 million (inclusive). After deducting issuance expenses, the entire amount will be used to replenish working capital. The subscriber is Yonghong Investment, a wholly‑owned subsidiary of the company’s controlling shareholder Yongrong Zhisheng, and the subscription funds will come from its own funds and self‑raised funds. The number of shares to be issued shall not exceed 71,839,080 shares (inclusive), representing 14.02% of the total share capital before the issuance. The issuance price shall not be lower than 80% of the average trading price of the company’s shares over the 20 trading days prior to the pricing benchmark date, with a lock‑up period of 18 months.