MGI(SH:688114) Zheng Quan Zhi Xing·2025-05-19 09:27Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) to ensure the rights of shareholders and maintain order during the meeting, with specific rules and procedures outlined for participation and voting [1][2][3]. Group 1: Meeting Procedures - The company has established necessary verification processes for attendees to confirm their eligibility to participate in the AGM [1]. - Attendees must arrive on time for registration, and latecomers will not be allowed to vote [1]. - The meeting will follow a predetermined agenda for discussing and voting on proposals [1][3]. Group 2: Shareholder Rights and Responsibilities - Shareholders and their representatives have the right to speak, inquire, and vote during the AGM, but must adhere to rules to avoid disrupting the meeting [2]. - Requests to speak must be registered in advance, and speaking time is limited to five minutes [2]. - Questions that may disclose confidential information can be refused by the meeting host [2]. Group 3: Voting Process - Attendees must express their opinions on proposals by indicating agreement, disagreement, or abstention, and must sign their ballots [3]. - Two shareholder representatives will be appointed to oversee the counting of votes, ensuring transparency [3]. - The AGM will utilize both in-person and online voting methods, with results published afterward [3][6]. Group 4: Financial Reports and Proposals - The company will present several key reports during the AGM, including the 2024 Board of Directors' Work Report, the 2024 Supervisory Board Work Report, and the 2024 Financial Settlement Report [7][8][9]. - A proposal for the 2025 Financial Budget Report will also be discussed, reflecting the company's strategic planning [9][10]. - The company plans to propose no profit distribution for 2024 due to negative net profits, while a share buyback amounting to 230.27 million yuan will be considered as part of the cash dividend [13][14]. Group 5: Operational Highlights - The company reported a net loss of 600.83 million yuan for 2024, although this represents a reduction in losses compared to the previous year [26]. - The company has achieved significant advancements in its core product lines, including a 48.59% increase in sales volume of sequencing instruments [27]. - The company is focusing on enhancing its global supply chain and has established a manufacturing base in the United States to better serve local demand [27][29]. Group 6: Future Plans - The company aims to strengthen its governance structure and improve market value management in 2025 [30]. - Plans include enhancing investor relations and continuing to expand its international presence [30]. - The company will focus on maintaining compliance with regulations and improving operational efficiency [30].