According to the prospectus of Ocean King Lighting, 50 million common shares are planned for this listing, accounting for 12.5% of the total share capital after the issuance. The funds raised will be mainly used for the following three projects: production line construction project (planned investment: 336 million yuan), R&D center construction project (planned investment: 140 million yuan), domestic marketing center expansion project (planned investment: 69.77 million yuan), with a total investment of about 550 million yuan.
Ocean King Lighting stated that the company’s business scale has expanded rapidly in recent years and production capacity has been seriously insufficient. If it can be implemented smoothly, the company's production capacity, technical level, R&D capabilities and marketing capabilities will be greatly improved, which will help the company further enhance its core competitiveness and profitability.
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