Core Viewpoint - Shanghai Longqi Technology Co., Ltd. plans to issue H shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international competitiveness, as well as to support its global strategy [1][2][9]. Group 1: Meeting Details - The 5th meeting of the 4th Supervisory Board was held on May 21, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1]. - The meeting approved the proposal for issuing H shares and listing on the Hong Kong Stock Exchange, with unanimous support from all supervisors [2][3]. Group 2: Issuance and Listing Plan - The H shares will be ordinary shares with a par value of RMB 1.00, and the issuance will be conducted through public offering in Hong Kong and international placement [2][3]. - The total number of H shares to be issued will not exceed 15% of the company's total share capital post-issuance [4][5]. Group 3: Fund Utilization - The funds raised from the H share issuance will be used for business development, including capacity expansion, R&D investment, marketing, global strategic investments, and working capital [11]. Group 4: Corporate Governance Changes - The company plans to abolish the Supervisory Board and transfer its powers to the Audit Committee of the Board of Directors, in line with new legal requirements [12][13]. Group 5: Insurance and Audit Arrangements - The company intends to purchase liability insurance for directors and senior management, as well as for the prospectus, to enhance risk management [13][14]. - Ernst & Young will be appointed as the auditing firm for the H share issuance [14].
龙旗科技: 第四届监事会第五次会议决议公告