SHBT(SH:603009) Zheng Quan Zhi Xing·2025-03-28 10:44Group 1 - The board of directors of Shanghai Beite Technology Co., Ltd. held its 18th meeting of the 5th session on March 28, 2025, with all 5 attending directors present, confirming the meeting's legality and effectiveness [1][2]. - The board approved the establishment of a wholly-owned subsidiary in Singapore, Beite Singapore Investment Co., Ltd., and a wholly-owned grandchild company, Beite Singapore Technology Co., Ltd., to invest in a production base in Thailand [1][2]. - The board also approved the cancellation of 3.213 million stock options from the 2022 stock option incentive plan due to unmet performance targets for the third exercise period, which was authorized by the company's first extraordinary general meeting of shareholders in 2022 [2][3].