Roborock(SH:688169) Zheng Quan Zhi Xing·2025-06-06 10:15Meeting Overview - The third meeting of the Supervisory Board of Beijing Stone Century Technology Co., Ltd. was held on June 6, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. Key Resolutions - The Supervisory Board approved the proposal for the company to issue H shares and list on the Hong Kong Stock Exchange to enhance global brand recognition, competitiveness, and optimize capital structure [1]. - The specific plan for the H share issuance was also approved, with shares to be issued as ordinary shares with a par value of RMB 1 each [1]. - The maximum number of H shares to be issued will not exceed 15% of the total share capital post-issuance, with an option for underwriters to exercise an over-allotment option of up to 15% [1][4]. - The issuance will target both international institutional investors and qualified domestic investors, with the pricing determined based on market conditions and investor demand [1][3]. Fund Utilization - The funds raised from the H share issuance will be used for international business expansion, product development, and general operational needs after deducting issuance costs [5]. Corporate Structure Changes - The Supervisory Board agreed to transition the company to an overseas fundraising company following the successful issuance of H shares [6]. - A proposal to cancel the Supervisory Board was approved, with its functions to be assumed by the Audit Committee of the Board of Directors [7][8]. Appointment of Auditors - The Supervisory Board approved the appointment of Ernst & Young as the auditing firm for the H share issuance [6].