WUS(SZ:002463) Zheng Quan Zhi Xing·2025-08-21 17:00Meeting Details - The board meeting of Hushi Electronics Co., Ltd. was held on August 20, 2025, with all 9 directors present, confirming compliance with relevant laws and regulations [1][4] - The meeting was chaired by the company's chairperson, Chen Meifang [1] Resolutions Passed - The board unanimously approved the distribution of 200 million yuan in cash profits from the subsidiary Huangshi Hushi Electronics Co., Ltd., which had accumulated undistributed profits of 1,149,882,959.04 yuan as of June 30, 2025 [2] - The board decided to cancel stock options for 8 individuals who no longer qualify as incentive targets due to personal reasons, as per the 2024 stock option incentive plan [2][3] - The board approved a guarantee of 25 million USD for Hushi Thailand's credit application to China Bank (Thailand) Co., Ltd. [3] - The board agreed to establish a wholly-owned subsidiary in Shanghai with a registered capital not exceeding 2 million yuan to enhance customer service and talent recruitment [3][4]