什么叫定向增资

中文版：

定向增资，是指企业为了特定的目的，向特定的投资者增发股份，以增加注册资本的行为。这种方式不同于公开发行股票，其增发对象是特定的，一般是对企业有重要战略意义或能够带来特殊资源的投资者。

定向增资的主要目的包括引入战略投资者、优化股权结构、提高公司治理水平、增强企业资本实力等。通过定向增资，企业可以引入具有行业优势、技术优势或市场优势的战略投资者，改善公司的股权结构，提升公司的治理水平，同时也可以为企业筹集更多的资金，支持企业的持续发展。

定向增资的流程一般包括确定增资对象、制定增资方案、进行增资谈判、签署增资协议、完成股份变更等步骤。企业需要充分披露增资信息，保障投资者的知情权和利益，同时也需要遵守相关法律法规和监管要求，确保增资行为的合法性和规范性。

英文版：

What Is Targeted Capital Increase?

A targeted capital increase refers to a corporate action of issuing additional shares to specific investors for a particular purpose, thereby increasing its registered capital. Unlike public stock issuance, the targeted capital increase is offered to specific investors, typically those who bring strategic significance or unique resources to the company.

The primary purposes of a targeted capital increase include attracting strategic investors, optimizing the equity structure, enhancing corporate governance, and strengthening the company's capital base. Through a targeted capital increase, a company can introduce strategic investors with industry, technological, or market advantages, improve its equity structure, and raise its governance standards. At the same time, it can raise additional funds to support the company's sustained growth.

The process of a targeted capital increase typically involves identifying the target investors, formulating a capital increase plan, negotiating the terms, signing the capital increase agreement, and completing the shareholding changes. Companies are required to fully disclose information about the capital increase, safeguard investors' rights to know and their interests, and comply with relevant laws, regulations, and regulatory requirements to ensure the legality and standardization of the capital increase.