YYTM(SH:600655) Zheng Quan Zhi Xing·2025-06-30 16:10Core Viewpoint - The company held its 42nd meeting of the 11th Board of Directors, where several key resolutions were passed regarding management adjustments and the issuance of corporate bonds [1][2][3] Group 1: Management Adjustments - The Board approved the appointment of Mr. Huang Zhen as the company's president and Mr. Zhang Jian as the executive president, effective immediately [2] - The voting results for the management adjustments were unanimous, with 12 votes in favor and no opposition [2] Group 2: Corporate Bond Issuance - The company proposed to issue corporate bonds not exceeding RMB 4 billion (including 4 billion) to adjust its debt structure, repay due debts, and supplement working capital [5][6] - The bond issuance will be conducted publicly and may occur in one or multiple phases after obtaining approval from the China Securities Regulatory Commission [5][6] - The bonds will have a maximum term of 7 years and will be issued at par value with a fixed interest rate determined through a book-building process [5][6] - The funds raised will not be used for loss compensation or non-productive expenditures, in compliance with relevant laws [3][6] - The company will seek shareholder approval for the bond issuance plan and related matters, including the use of proceeds and guarantee arrangements [6][9] Group 3: Shareholder Meeting - The Board decided to convene the second extraordinary general meeting of shareholders in 2025 to review the proposed resolutions [9] - The voting results for the shareholder meeting decision were also unanimous, with 12 votes in favor and no opposition [9]