XTC(SH:600549) Zheng Quan Zhi Xing·2025-08-01 16:13Group 1 - The company approved the establishment of a wholly-owned subsidiary, Chengdu Jinlu Cutting Tools Co., Ltd., to undertake the construction of a cutting tool production base project in Chengdu, with a registered capital of 400 million yuan [1] - The total investment for the project is 1.05207 billion yuan, with fixed investment accounting for 1.00192 billion yuan, and the project is expected to be completed by December 2030 [1] - The new facility will have an annual production capacity of 30 million indexable tools, 4 million solid tools, and 200 million superhard tools, aligning with national industrial policies and the company's strategic development plan [1] Group 2 - The company extended the duration of its third employee stock ownership plan from 24 months to 48 months, now set to expire on August 16, 2027 [2] - The extension was approved with 6 votes in favor, while related directors recused themselves from the vote [2]