JHM(SH:603078) Zheng Quan Zhi Xing·2025-08-22 10:13Meeting Overview - The fifth meeting of the Supervisory Board of Jiangyin Jianghua Microelectronics Materials Co., Ltd. was held on August 12, 2025, with all three supervisors present, including two participating via telecommunication [1]. Resolutions Passed - The Supervisory Board approved the half-year report for 2025 and its summary, with details available on the Shanghai Stock Exchange website [1]. - The profit distribution plan for the first half of 2025 was approved, with specifics disclosed on the Shanghai Stock Exchange [2]. - A proposal to cancel the Supervisory Board and amend the Articles of Association was approved, pending shareholder meeting review [2]. - The company was deemed eligible to issue shares to specific investors through a simplified procedure, following a thorough self-assessment [2][3]. - A proposal for the issuance of shares to specific investors in 2025 was approved, with the issuance to be completed within ten working days after receiving registration approval from the China Securities Regulatory Commission [3][4]. Issuance Details - The shares will be domestic RMB ordinary shares (A shares), with a face value of RMB 1 per share [3]. - The issuance will target no more than 35 specific investors, including qualified institutional investors and other eligible entities [4]. - The pricing for the shares will be based on the average trading price over the 20 trading days prior to the pricing date, with adjustments for any dividends or stock splits [5][6]. Fundraising and Usage - The total amount to be raised from the issuance will not exceed RMB 300 million, representing no more than 20% of the company's net assets as of the end of the previous year [6]. - The raised funds will be allocated entirely to specified projects, with the company allowed to use self-raised funds for project progress before the issuance is completed [6]. - The unallocated profits prior to the issuance will be shared among new and existing shareholders based on their respective shareholdings post-issuance [8]. Future Plans - A three-year shareholder dividend return plan for 2025-2027 was approved, pending shareholder meeting review [10].