Qunxing Toys (002575.SZ) plans to raise additional capital of 419 million yuan from Tibet's Boxinding to 710 million yuan. The controlling shareholders and actual controllers are to be changed

According to Zhitong Finance App News, Qunxing Toys (002575.SZ) issued an announcement. In view of actual circumstances such as changes in the controlling shareholder and actual controller of the company, the background, purpose, and basis for issuing A-shares to specific targets in 2023 have all changed. Taking into account various factors, in order to comprehensively and effectively protect the interests of all shareholders, after careful research, the company decided to stop issuing A-shares to specific targets in 2023.

On October 14, 2024, the company held the 4th meeting of the 5th special meeting of independent directors of the board of directors in 2024 to review and approve the company's re-planned 2024 stock issuance plan to specific targets. On the same day, the company held the 16th meeting of the 5th board of directors and the 11th meeting of the 5th board of supervisors to review the company's re-planned 2024 plan to issue A-shares to specific targets.

According to the company's replanned plan to issue A-shares to specific targets, the company plans to issue no less than 105 million shares (including capital) and no more than 178 million shares (including capital), raising no less than 419 million yuan (including capital) and no more than 710 million yuan (including capital). The funds raised are intended to supplement the company's working capital after deducting issuance fees. The subscription target for issuing A-shares to specific targets this time is Tibet Boxin Technology Development Co., Ltd. (hereinafter referred to as “Tibet Boxin”). The actual controller is Mr. Zhang Jincheng, the chairman and general manager of the company. Mr. Zhang Jincheng plans to subscribe for the shares issued by the company in cash through Tibet's Boxin. After this issuance, the controlling shareholder and actual controller of the company will change. The controlling shareholder will be changed to Tibet Boxin, and the actual controller will be changed to Mr. Zhang Jincheng.