Shandong Golden Empire Precision Machinery Technology (SH:603270) Shang Hai Zheng Quan Bao·2025-05-28 19:31Group 1 - The company held its 17th meeting of the third board of directors on May 28, 2025, where all 9 directors attended, and the meeting complied with relevant laws and regulations [2][4] - The board approved a proposal to use part of the excess raised funds to increase capital for its subsidiary and acquire land and factory buildings [3][10] - The total amount proposed for this use is up to 120 million yuan, with approximately 97.26 million yuan coming from excess raised funds [11][16] Group 2 - The supervisory board also held its 13th meeting on May 28, 2025, with all 3 supervisors present, and the meeting followed legal procedures [6][8] - The supervisory board agreed with the proposal to use part of the excess raised funds for the same purpose, emphasizing that it aligns with the company's operational needs and future strategic direction [7][23] - The proposal was deemed to enhance the efficiency of fund usage and not to conflict with the implementation of the fundraising investment projects [7][24] Group 3 - The company plans to use the funds to participate in the auction for land and factory buildings that are currently leased, which will improve operational continuity and reduce uncertainties related to rental costs [21][22] - The land and factory to be auctioned cover an area of 133,178 square meters, with a building area of 54,445.68 square meters [16][21] - The acquisition is part of the company's long-term strategic planning to ensure stable operations and enhance its market position [21][24]