广州慧智微电子股份有限公司第二届董事会第七次会议决议公告

Meeting Overview - The second board meeting of Guangzhou Huizhi Microelectronics Co., Ltd. was held on July 10, 2025, via telecommunication, with all six directors present [2] - The meeting was chaired by Chairman Li Yang, and the procedures complied with relevant laws and company regulations [2] Resolutions Passed Use of Own Funds for Project Personnel Costs - The board approved the proposal to use self-owned funds to pay personnel costs for fundraising investment projects, with plans to later replace these funds with equivalent amounts from the fundraising account [3] - This decision aims to enhance fund utilization efficiency and does not affect the normal operation of fundraising projects or the company's daily operations [3][22] Stock Option Plan Cancellation - The board approved the cancellation of 194,000 stock options from the 2021 stock option incentive plan due to one participant's departure and the expiration of the first exercise period for others [5][41] - Specifically, 48,000 options were canceled due to one participant's departure, and 146,000 options were canceled as they were not exercised before the deadline [5][41] Voting Results - For the proposal regarding the use of self-owned funds, the voting resulted in 6 votes in favor, 0 against, and 0 abstentions [4] - For the stock option cancellation proposal, the voting resulted in 4 votes in favor, 0 against, and 2 abstentions, with two related directors abstaining from the vote [7] Fundraising and Project Details - The company raised a total of RMB 1,135.97 million from its initial public offering, with a net amount of RMB 1,028.33 million after deducting expenses [15] - The company has established a special account for the management of the raised funds, ensuring compliance with regulatory requirements [16] Rationale for Fund Usage - The decision to use self-owned funds for personnel costs is based on practical needs and regulatory compliance, ensuring that the company can meet its operational requirements without violating fundraising regulations [20][22] Impact on Daily Operations - The use of self-owned funds for project personnel costs is expected to facilitate the smooth progress of fundraising projects and improve fund utilization efficiency without harming the interests of the company or its shareholders [22][25]