Grace(SH:603256) Shang Hai Zheng Quan Bao·2025-07-14 18:20Meeting Summary - The second extraordinary general meeting of shareholders was held on July 14, 2025, at the company's administrative building in Shanghai [2][3] - All resolutions proposed during the meeting were approved without any objections [2][5] Attendance - All 9 current directors attended the meeting, with some participating via telecommunication [3] - All 3 current supervisors were present, with one attending in person and two via telecommunication [3][4] Resolutions Passed - The meeting approved several key resolutions, including: - Issuance of A-shares to specific targets [5][7] - Details regarding the issuance, such as types of shares, pricing, and usage of raised funds [6][7] - A three-year shareholder return plan for 2025-2027 [8] - Authorization for the board to handle matters related to the issuance of A-shares [8] - Amendments to the company's governance rules [9][10] Board Adjustment - Huang Yujia resigned from her position as a shareholder representative director and was subsequently elected as an employee representative director [13] - The board composition remains compliant with legal requirements regarding the number of employee representatives [13] Shareholder Reduction Plan - SHARP TONE INTERNATIONAL LIMITED and UNICORN ACE LIMITED plan to reduce their holdings by up to 17,594,550 shares, representing 2% of the total shares [18][19] - The reduction will occur through block trading within three months following the announcement [19][21] - The shareholders have committed to adhering to the lock-up period and relevant regulations regarding share reduction [22]