XTL(SH:603022) Zheng Quan Zhi Xing·2025-08-15 11:17Core Points - The board of directors of Shanghai Xintonglian Packaging Co., Ltd. held its second meeting on August 15, 2025, where several key resolutions were passed [1][2][6] Group 1: Financial Reporting - The board approved the 2025 semi-annual report, confirming that the report's preparation and review processes comply with relevant laws and regulations, and accurately reflect the company's operational results and financial status [1][2] - The resolution received unanimous support from all attending directors, with 7 votes in favor [2] Group 2: Governance and Compliance - The board approved amendments to the company's articles of association and related governance systems, aligning with the new Company Law effective from July 1, 2024, and enhancing the company's governance structure [2][3] - The amendments include revisions to various internal management systems, which will take effect after approval by the shareholders' meeting [3] Group 3: Financial Strategy - The board approved a proposal to apply for a comprehensive credit facility of up to RMB 200 million to optimize capital allocation and improve financial efficiency [4] - This credit facility will allow the company to engage in various financial activities, including working capital loans and bank acceptance bills, without requiring further approval for each transaction [4] Group 4: Compensation and Governance - A proposal regarding the compensation scheme for the fifth board of directors and senior management was approved, aimed at motivating and enhancing management effectiveness [5] - The proposal was reviewed by the compensation and assessment committee, with all relevant directors abstaining from voting due to conflicts of interest [5] Group 5: Shareholder Engagement - The board unanimously agreed to convene the second extraordinary general meeting of shareholders for 2025 [6] - The decision was supported by all attending directors, with 7 votes in favor [6]