Zhongtian Science and Technology today disclosed the fixed-price proposal, the company intends to not less than 16.39 yuan / share price directional issuance of not more than 275 million shares to raise funds of not more than 4.5 billion yuan, invested in new energy vehicles with high-performance lithium power batteries, submarine fiber optic cables for the energy Internet, submarine observation network with connecting equipment, special optical fibers and graphene composite materials products and other projects, in order to further strengthen the main industry, and the use of 730 million yuan of proceeds to supplement liquidity. billion yuan of fundraising to supplement working capital.

According to the proposal, the fund-raising of 1.92 billion yuan will be invested in new energy vehicles with pilot source power high-performance lithium battery series of products research and industrialization projects, the project total investment of 2 billion yuan, by its subsidiary Zhongtian Energy Storage Technology is responsible for the implementation of the project will be formed after the completion of the project with an annual production capacity of 120,000,000 A-h lithium-ion lithium battery series of products, the products can be widely used in new energy vehicles, robotics and Aerospace and other fields. Measured by the market price, after the project reaches production, it is expected to add annual sales revenue of 5.25 billion yuan, new net profit of 670 million yuan.

Energy Internet with submarine optical cable R & D and industrialization project implemented by the subsidiary Zhongtian Science and Technology Marine Cable, a total investment of 1 billion yuan, to use the proceeds of 900 million yuan, the completion of the project is expected to form an annual output of ultra-high-voltage AC and DC cables 1,000km, deep-sea optoelectronic composite cables 2,000km, 2,000km of underwater special detection cables, and the production capacity of the construction and operation and maintenance of marine cables. After reaching production, it is expected to add annual sales revenue of 2 billion yuan, new net profit of 137 million yuan.

Submarine observation network with connection equipment research and development and industrialization project also implemented by the Zhongtian Science and Technology Marine Cable, a total investment of 500 million yuan, to be used entirely to raise funds, after the completion of the project is expected to form submarine communication systems and connecting equipment 500 sets of special connectors 10,000 sets of production capacity. After reaching production, is expected to add annual sales revenue of 800 million yuan, new net profit of 70.8 million yuan.

According to the disclosure, zhongtian science and technology sea cable has recently obtained the support of the national development fund, the latter with 100 million yuan of cash to zhongtian science and technology sea cable to increase the capital, to obtain 11.06% shares, the investment period of 15 years, the investment period, zhongtian science and technology sea cable each year to pay to the national development fund of the average annualized rate of return up to 1.2% of the investment income.

The fund-raising projects also include special optical fiber and graphene, which special optical fiber series products R & D and industrialization project with a total investment of 500 million yuan, a period of investment of 400 million yuan, the proposed use of fund-raising 350 million yuan, the project will be completed after the completion of the 16 intelligent optical fiber drawing production line, the formation of special optical fiber series products of about 10 million core kilometers of annual production capacity. After the first phase of the project reaches production, it is expected to add annual sales revenue of 600 million yuan, new net profit of 70.88 million yuan. New metal-based graphene composite material production line project with a total investment of 100 million yuan, will be built in phases 4 graphene reinforced alloy automatic production line, is expected to form an annual output of 4,000 tons of production capacity. After reaching production, it is expected to add annual sales revenue of 170 million yuan and net profit of 17.84 million yuan.