Suzhou Longjie(SH:603332) Zheng Quan Zhi Xing·2025-07-13 16:09Core Viewpoint - Suzhou Longjie Special Fiber Co., Ltd. has made significant adjustments to its stock issuance plan following the completion of its 2024 annual equity distribution, including changes to the issuance price and quantity of shares to be issued to specific targets [1][2]. Board Meeting Details - The fifth board meeting of Suzhou Longjie was held on July 11, 2025, with all 8 directors present, complying with relevant laws and regulations [1]. - The board approved the adjustment of the stock issuance price and quantity after the 2024 annual equity distribution [2]. Adjustments to Stock Issuance - The adjusted issuance price is set at 5.74 CNY per share, down from the previous price of 5.96 CNY per share due to a cash dividend of 0.22 CNY per share [2]. - The total amount of funds to be raised from the issuance is capped at 100 million CNY, resulting in an adjusted issuance quantity of 17,421,602 shares, an increase from the previous cap of 16,778,523 shares [2]. Extension of Issuance Validity - The board approved an extension of the validity period for the stock issuance resolution by an additional 12 months, now set to expire on July 30, 2026, to ensure the smooth continuation of the issuance process [3][4]. Governance Changes - The company plans to abolish the supervisory board and amend its articles of association to enhance corporate governance, with the audit committee of the board taking over the supervisory functions [5][6]. - The board also approved revisions to certain governance systems to align with the updated articles of association and relevant regulations [6]. Upcoming Shareholder Meeting - A temporary shareholder meeting is scheduled for July 29, 2025, to discuss the aforementioned matters and other relevant issues [8].