Amlogic(SH:688099) Zheng Quan Zhi Xing·2025-09-05 16:22Core Viewpoint - The company, AmLogic (Shanghai) Co., Ltd., has announced significant corporate governance changes, including the abolition of the supervisory board and the issuance of H shares for listing on the Hong Kong Stock Exchange to enhance its capital strength and international competitiveness [1][2][3]. Group 1: Corporate Governance Changes - The board of directors unanimously agreed to abolish the supervisory board, transferring its powers to the audit committee of the board [1]. - The registered capital will be adjusted from RMB 419,935,640 to RMB 421,101,263 due to matters related to restricted stock [1]. - The company plans to revise its articles of association and related rules accordingly [1][2]. Group 2: H Share Issuance - The company intends to issue H shares and apply for listing on the main board of the Hong Kong Stock Exchange to further its international strategy [5][6]. - The shares will be issued at a nominal value of RMB 1.00 each, with the issuance expected to not exceed 10% of the total share capital post-issuance [8][9]. - The issuance will include both a public offering in Hong Kong and an international placement [9][10]. Group 3: Fund Utilization - Proceeds from the H share issuance will be allocated to advanced chip development, global customer service system construction, technology ecosystem integration, and general corporate purposes [15][16]. - The board will have the authority to adjust the use of raised funds based on regulatory feedback and operational needs [15]. Group 4: Shareholder Meeting and Authorizations - The board has proposed to hold the first extraordinary general meeting of 2025 on September 22, 2025, to discuss these matters [25]. - The board seeks authorization to handle all matters related to the H share issuance, with a validity period of 24 months from the date of shareholder approval [14][16].