SHBT(SH:603009) Zheng Quan Zhi Xing·2025-09-05 09:17Meeting Overview - The fifth board meeting of Shanghai Beite Technology Co., Ltd. was held on September 5, 2025, with all five directors present, confirming the legality and validity of the meeting [1][2]. Key Resolutions - The board approved the results of the simplified procedure for issuing A-shares to specific investors, confirming a total of 7,980,845 shares allocated at a price of approximately 37.5 yuan per share, raising a total of approximately 300 million yuan [2][3]. - The board unanimously approved the signing of share subscription agreements with specific investors, ensuring compliance with relevant laws and regulations [3][4]. - The board confirmed the authenticity, accuracy, and completeness of the fundraising prospectus for the A-share issuance, with all votes in favor [3][6]. - A revised plan for the A-share issuance was approved, which will be disclosed on the Shanghai Stock Exchange's website [4][5]. - The board approved a feasibility analysis report regarding the use of funds raised from the A-share issuance, ensuring proper management and allocation of the funds [6][7]. - The board discussed and approved measures to mitigate the dilution of immediate returns resulting from the A-share issuance, with all votes in favor [7][8]. - A special account for managing the raised funds was established, with a regulatory agreement signed among the company, the sponsor, and the bank [8]. - The board approved a capital increase for a wholly-owned subsidiary, with unanimous support from all directors [8].