zhè / cì / zēng / fā / xīn / gǔ / lǎo / gǔ / dōng / yōng / yǒu / yōu / xiān / rèn / gǔ / quán

这次增发新股，老股东拥有优先认股权。

In this new share issuance, existing shareholders have preemptive rights.