YTOT(300790) Shang Hai Zheng Quan Bao·2025-04-18 09:06Group 1 - The company held its fourth board meeting on April 17, 2025, where all nine directors participated, and the meeting was deemed legal and effective [2][4]. - The board approved the proposal for the company to issue A-shares to specific investors, confirming compliance with relevant laws and regulations [6][55]. - The independent directors expressed clear agreement with the proposal [3][23]. Group 2 - The company plans to issue up to 68,000,000 A-shares, which will not exceed 30% of the total share capital prior to the issuance [13][64]. - The issuance will be conducted through a specific target offering, with a maximum of 35 investors participating [15][67]. - The shares will have a par value of RMB 1.00 each, and the pricing will be based on 80% of the average stock price over the 20 trading days prior to the pricing date [11][62]. Group 3 - The company aims to raise a total of no more than RMB 100,000.00 million through this issuance, with the net proceeds intended for specific projects [22][77]. - The shares issued will be subject to a six-month lock-up period post-issuance [18][69]. - The company will open a special account for the management of the raised funds and sign a tripartite supervision agreement [47][97]. Group 4 - The board proposed to hold the first extraordinary general meeting of 2025 on May 6, 2025, to discuss the approved proposals [49][100]. - The meeting will allow for both on-site and online voting, ensuring accessibility for all shareholders [103][104]. - The resolutions passed at the board meeting require a two-thirds majority approval from the shareholders present at the general meeting [108].