Lianovation(SH:600363) Shang Hai Zheng Quan Bao·2025-08-01 20:19Core Viewpoint - Jiangxi Lianchuang Optoelectronics Technology Co., Ltd. has announced the approval of several key resolutions during its 22nd temporary board meeting, including an increase in bank credit limits and the repurchase of minority shares in its subsidiary, Jiangxi Lianchuang Display Technology Co., Ltd. [1][4][36] Group 1: Increase in Bank Credit Limit - The company plans to apply for an increase of RMB 200 million in its comprehensive bank credit limit to support its operational and business development needs [36][37]. - The board meeting held on August 1, 2025, approved this proposal with unanimous support from all attending directors [3][42]. Group 2: Repurchase of Minority Shares - The company will use its own or raised funds of RMB 100 million to repay a loan and repurchase 33.0229% of the shares held by Nanchang Lian Kong Industrial Equity Investment Management Co., Ltd. in its subsidiary [4][12]. - This transaction is part of fulfilling a prior agreement and will restore the subsidiary as a wholly-owned entity of the company [12][15]. - The board also authorized management to participate in the public bidding for the shares, ensuring compliance with relevant regulations [7][16]. Group 3: Financial and Operational Impact - The repurchase of shares is expected to have no significant impact on the company's future financial status and operational results, as the funding will come from existing resources [28]. - The transaction does not involve any changes in management, personnel arrangements, or create new related-party transactions [29][30].