WG Tech(SH:603773) Zheng Quan Zhi Xing·2025-05-30 10:37Core Viewpoint - The company has decided to terminate the plan for a specific issuance of A-shares for the year 2023 due to changes in the capital market environment and its own circumstances, while also preparing for a new issuance plan for 2025 [1][2]. Meeting Details - The fourth Supervisory Board's 20th meeting was held on May 30, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [1]. Resolutions Passed - The resolution to terminate the 2023 specific issuance of A-shares was approved unanimously [2]. - The resolution confirming the company's eligibility for a specific issuance of A-shares was also approved unanimously [2]. - The resolution for the 2025 specific issuance of A-shares was approved, detailing the type of shares, issuance method, and timing [3][4]. Issuance Plan for 2025 - The shares to be issued will be domestic RMB ordinary shares (A-shares) with a par value of RMB 1.00 each [3]. - The issuance will be conducted through a specific issuance method, subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [3]. - The issuance will target no more than 35 specific investors, including various financial institutions and qualified investors [3][4]. Pricing and Quantity - The issuance price will not be lower than 80% of the average trading price over the 20 trading days prior to the pricing date [4]. - The total number of shares issued will not exceed 30% of the company's total share capital before the issuance, amounting to a maximum of 67,043,169 shares [5]. Fundraising and Usage - The total amount to be raised from the issuance is capped at RMB 150 million, with the net proceeds intended for specific investment projects [6][9]. - The company may adjust the investment sequence and amounts based on project progress and funding needs [9]. Lock-up Period and Listing - Shares acquired through this issuance will be subject to a six-month lock-up period post-issuance [10]. - After the lock-up period, the shares will be listed on the Shanghai Stock Exchange [10]. Profit Distribution - The retained earnings prior to the issuance will be shared among new and existing shareholders based on their respective shareholding ratios post-issuance [10]. Validity of Resolutions - The resolutions related to the issuance are valid for 12 months from the date of approval by the shareholders' meeting [10]. Future Dividend Planning - The company has developed a three-year dividend return plan (2025-2027) to enhance its dividend decision-making and investor return mechanisms [15].