Nanjing Toua Hardware & Tools (301125.SZ) plans to raise no more than 120 million yuan through a simple program of additional shares issuance.

Nanjing Toua Hardware & Tools (301125.SZ) disclosed its plan to issue shares to specific objects through a simplified process in 2025. The company intends to issue shares to no more than 35 specific objects at a price not lower than 80% of the average trading price of the company's A-shares in the 20 trading days prior to the pricing reference date. The number of shares to be issued will be determined by dividing the total amount to be raised by the issue price, not exceeding 30% of the total share capital before this issue. The total amount to be raised by issuing shares to specific objects in a simplified process this time is not more than 120 million yuan (including the number of shares). The net proceeds raised after deducting issuance expenses will be used for Nanjing Toua Hardware & Tools' Vietnam power tool smart manufacturing project, Nanjing Toua Hardware & Tools' Anhui garden tool smart manufacturing project, and for supplementary working capital.