[BaoTeng] Company Board of Directors Resolves to Conduct Private Placement of Common Stock for Cash Capital Increase
BaoTeng's board of directors has resolved to conduct a private placement of common stock for a cash capital increase. The issuance is planned within a limit of 25,000,000 shares, aiming to replenish operating funds, meet long-term development needs, and repay bank loans.
📋 Article Processing Timeline
- 📰 Published: April 14, 2026 at 09:00
- 🔍 Collected: April 15, 2026 at 11:00 (26h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 01:14 (86h 14m after Collected)
1. Date of Board of Directors' Resolution: 115/04/14
2. Type of Privately Placed Securities: Common Stock
3. Target Investors and Their Relationship with the Company:
Limited to specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act, the Order of the Financial Supervisory Commission dated September 12, 112 (Order No. 1120383220), and the "Notes on Publicly Issuing Companies Conducting Private Placement of Securities" and other relevant regulations. Priority will be given to those who can benefit the company's long-term development, competitiveness, and existing shareholder equity.
4. Number of Shares or Lots to be Privately Placed: Within the scope of 25,000,000 shares
5. Authorized Private Placement Amount: Within the scope of not exceeding 25,000,000 shares, authorized by the Board of Directors to be conducted in up to two tranches within one year from the date of the shareholder meeting resolution.
6. Basis and Reasonableness of Determining the Private Placement Price:
(1) The reference price for the private placement of common stock will be determined by selecting one of the following: the simple arithmetic average of the closing prices of common stock on the preceding one, three, or five business days, adjusted for ex-rights and ex-dividend of bonus share distribution and dividend payout, and then adding back the ex-reduction effect of capital reduction; or the simple arithmetic average of the closing prices of common stock on the preceding thirty business days, adjusted for ex-rights and ex-dividend of bonus share distribution and dividend payout, and then adding back the ex-reduction effect of capital reduction. The higher of the two calculated prices will be the reference price.
(2) The private placement price for common stock will be proposed to the shareholder meeting for authorization to the Board of Directors to set the private placement price at no less than 80% of the reference price, based on the aforementioned regulations, and determined based on subsequent negotiations with specific parties and market conditions.
(3) The pricing of the private placement common stock is based on reference to the company's operating performance, future outlook, and recent stock prices, considering the three-year transfer restriction from the delivery date of the privately placed securities, and is therefore deemed reasonable.
7. Use of Funds from this Private Placement: To supplement operating funds, meet the company's long-term development capital needs, and repay bank loans.
8. Reason for Not Adopting Public Offering:
Considering the current capital market conditions and to grasp the timeliness and feasibility of capital raising, in order to obtain the necessary funds within the shortest period to achieve the goal of attracting investors. Furthermore, private placement stocks have transfer restrictions, which can better ensure a long-term cooperative relationship between the company and investors.
9. Independent Directors' Dissenting or Reserved Opinions: None
10. Actual Pricing Date: Not yet issued
11. Reference Price: Not yet issued
12. Actual Private Placement Price, Conversion, or Subscription Price: Not yet issued
13. Rights and Obligations of New Shares Issued in this Private Placement:
Same as the common stock already issued by the company. However, the privately placed securities may not be transferred within three years after delivery, except to designated transferees in accordance with Article 43-8 of the Securities Transaction Act.
14. For those with conversion, exchange, or subscription rights, the conversion base date: Not applicable
15. For those with conversion, exchange, or subscription rights, potential dilution of equity: Not applicable
16. For those with conversion or subscription rights, after the delivery of privately placed corporate bonds and assuming full conversion or subscription into common stock, the potential impact on the proportion of equity held by listed common stock shareholders (Number of listed common shares A, A/Issued common shares): Not applicable
17. If the projected number of listed common shares in the preceding paragraph is less than 60 million shares and less than 25%, please explain the measures to address low equity liquidity: Not applicable
18. Other Matters to be Notified:
I. Regarding the issuance or private placement conditions, fund utilization plan, use of funds, projected progress, expected benefits, and other related matters of this fundraising, it is proposed to authorize the Board of Directors to set, adjust, and fully handle them according to the company's actual needs, market conditions, and relevant laws and regulations. In the future, if amended by the competent authority or revised due to operational assessment or changes in objective circumstances, the Board of Directors will be authorized to handle it fully according to the market conditions and legal regulations at that time.
II. To complete the fundraising plan, it is proposed to authorize the Chairman or their designated representative to sign all contracts or documents related to the issuance of this private placement common stock on behalf of the company, handle all necessary procedures for the issuance of this private placement common stock, and other uncompleted matters.
2. Type of Privately Placed Securities: Common Stock
3. Target Investors and Their Relationship with the Company:
Limited to specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act, the Order of the Financial Supervisory Commission dated September 12, 112 (Order No. 1120383220), and the "Notes on Publicly Issuing Companies Conducting Private Placement of Securities" and other relevant regulations. Priority will be given to those who can benefit the company's long-term development, competitiveness, and existing shareholder equity.
4. Number of Shares or Lots to be Privately Placed: Within the scope of 25,000,000 shares
5. Authorized Private Placement Amount: Within the scope of not exceeding 25,000,000 shares, authorized by the Board of Directors to be conducted in up to two tranches within one year from the date of the shareholder meeting resolution.
6. Basis and Reasonableness of Determining the Private Placement Price:
(1) The reference price for the private placement of common stock will be determined by selecting one of the following: the simple arithmetic average of the closing prices of common stock on the preceding one, three, or five business days, adjusted for ex-rights and ex-dividend of bonus share distribution and dividend payout, and then adding back the ex-reduction effect of capital reduction; or the simple arithmetic average of the closing prices of common stock on the preceding thirty business days, adjusted for ex-rights and ex-dividend of bonus share distribution and dividend payout, and then adding back the ex-reduction effect of capital reduction. The higher of the two calculated prices will be the reference price.
(2) The private placement price for common stock will be proposed to the shareholder meeting for authorization to the Board of Directors to set the private placement price at no less than 80% of the reference price, based on the aforementioned regulations, and determined based on subsequent negotiations with specific parties and market conditions.
(3) The pricing of the private placement common stock is based on reference to the company's operating performance, future outlook, and recent stock prices, considering the three-year transfer restriction from the delivery date of the privately placed securities, and is therefore deemed reasonable.
7. Use of Funds from this Private Placement: To supplement operating funds, meet the company's long-term development capital needs, and repay bank loans.
8. Reason for Not Adopting Public Offering:
Considering the current capital market conditions and to grasp the timeliness and feasibility of capital raising, in order to obtain the necessary funds within the shortest period to achieve the goal of attracting investors. Furthermore, private placement stocks have transfer restrictions, which can better ensure a long-term cooperative relationship between the company and investors.
9. Independent Directors' Dissenting or Reserved Opinions: None
10. Actual Pricing Date: Not yet issued
11. Reference Price: Not yet issued
12. Actual Private Placement Price, Conversion, or Subscription Price: Not yet issued
13. Rights and Obligations of New Shares Issued in this Private Placement:
Same as the common stock already issued by the company. However, the privately placed securities may not be transferred within three years after delivery, except to designated transferees in accordance with Article 43-8 of the Securities Transaction Act.
14. For those with conversion, exchange, or subscription rights, the conversion base date: Not applicable
15. For those with conversion, exchange, or subscription rights, potential dilution of equity: Not applicable
16. For those with conversion or subscription rights, after the delivery of privately placed corporate bonds and assuming full conversion or subscription into common stock, the potential impact on the proportion of equity held by listed common stock shareholders (Number of listed common shares A, A/Issued common shares): Not applicable
17. If the projected number of listed common shares in the preceding paragraph is less than 60 million shares and less than 25%, please explain the measures to address low equity liquidity: Not applicable
18. Other Matters to be Notified:
I. Regarding the issuance or private placement conditions, fund utilization plan, use of funds, projected progress, expected benefits, and other related matters of this fundraising, it is proposed to authorize the Board of Directors to set, adjust, and fully handle them according to the company's actual needs, market conditions, and relevant laws and regulations. In the future, if amended by the competent authority or revised due to operational assessment or changes in objective circumstances, the Board of Directors will be authorized to handle it fully according to the market conditions and legal regulations at that time.
II. To complete the fundraising plan, it is proposed to authorize the Chairman or their designated representative to sign all contracts or documents related to the issuance of this private placement common stock on behalf of the company, handle all necessary procedures for the issuance of this private placement common stock, and other uncompleted matters.