Kouzijiao(SH:603589) Shang Hai Zheng Quan Bao·2025-08-19 19:50Core Viewpoint - The company has conducted its fifth supervisory board and board meetings, approving the 2025 semi-annual report and related proposals, including the cancellation of the supervisory board and capital reduction, which will be submitted for shareholder approval [4][10][70]. Group 1: Company Overview - The company is named Anhui Kouzi Liquor Co., Ltd. and is publicly traded under the stock code 603589 [2]. - The company has confirmed the authenticity, accuracy, and completeness of its announcements and reports, taking legal responsibility for any misrepresentation [2][10]. Group 2: Financial Data - The company reported a total fundraising amount of 960 million RMB from its initial public offering, with a net amount of approximately 891.37 million RMB after deducting issuance costs [56]. - As of June 30, 2025, the company has invested approximately 947.94 million RMB in fundraising projects, with no new investments made during the reporting period [57]. Group 3: Meeting Resolutions - The supervisory board approved the semi-annual report, confirming compliance with relevant laws and regulations [4][5]. - The board also approved the special report on the use of raised funds, confirming that all funds are managed according to regulations [14][15]. - A proposal to cancel the supervisory board and reduce registered capital was approved, which will require shareholder approval [6][70]. Group 4: Governance Changes - The company plans to abolish the supervisory board and transfer its responsibilities to the board's finance and audit committee to enhance governance [70]. - The registered capital will be reduced from 600 million RMB to approximately 598.12 million RMB following the cancellation of unvested restricted stock [70]. Group 5: Upcoming Shareholder Meeting - The company will hold its first extraordinary shareholder meeting of 2025 on September 5, 2025, to discuss the approved proposals [40][41]. - The meeting will utilize both on-site and online voting methods to facilitate shareholder participation [40][41].