SQM(SH:688138) Zheng Quan Zhi Xing·2025-09-04 12:12Core Viewpoint - Shenzhen QY Optoelectronics Co., Ltd. is holding its third extraordinary general meeting of shareholders in 2025 to discuss key governance changes, including the cancellation of the supervisory board and amendments to the company's articles of association, as well as a profit distribution plan for the first half of 2025 [1][6][12]. Meeting Procedures - The meeting will require shareholders or their agents to sign in 30 minutes prior to the start to confirm their attendance [2]. - The meeting will follow a specific agenda for reviewing and voting on proposals, with shareholders having the right to speak, inquire, and vote [2][3]. - Voting will be conducted both on-site and online, with specific time frames for each method [5][6]. Key Proposals - Proposal 1: Cancellation of the supervisory board, with the audit committee of the board of directors assuming its responsibilities. This change aims to enhance corporate governance [7][8]. - Proposal 2: Change in registered capital from RMB 266,800,000 to RMB 314,800,000, following a successful fundraising of RMB 1,187,009,433.95 [7][8]. - Proposal 3: A profit distribution plan proposing a cash dividend of RMB 0.9 per share, totaling approximately RMB 28,176,892.29, which represents 30.61% of the net profit for the first half of 2025 [12][13]. Governance Structure Changes - The company will revise its articles of association to reflect the cancellation of the supervisory board and the changes in registered capital [8]. - The company plans to implement new governance policies to optimize management and align with regulatory requirements [9][10]. Financial Performance - The company reported a net profit attributable to shareholders of RMB 92,037,635.94 for the first half of 2025, with a total distributable profit of RMB 735,690,235.92 [12].