Jilin Joinature Polymer (SH:688716) Shang Hai Zheng Quan Bao·2025-09-12 18:13Core Viewpoint - The announcement details the listing and circulation of strategic placement restricted shares for Jilin Province Zhongyan Polymer Materials Co., Ltd., with a total of 1,348,617 shares set to be released on September 22, 2025, after a 24-month lock-up period [2][4][5]. Group 1: Listing Details - The type of stock being listed is the first public offering of strategic placement shares, with a total of 1,348,617 shares to be listed [2][3]. - The total number of shares after the initial public offering is 30,420,000, resulting in a total share capital of 121,680,000 shares, with restricted shares accounting for 94,361,113 shares (77.55%) and unrestricted shares for 27,318,887 shares (22.45%) [5]. - The restricted shares represent 1.11% of the total share capital and will be available for trading starting September 22, 2025 [5][9]. Group 2: Shareholder and Governance Information - The strategic placement shares are held by one shareholder, with a lock-up period of 24 months from the date of the initial public offering [5][9]. - The underwriter, Haitong Innovation Securities Investment Co., Ltd., participated in the strategic placement with a commitment of 4.43% of the public offering, amounting to approximately 39,999,980.22 yuan [7]. - The company has confirmed that there have been no changes in share capital due to profit distribution or other factors since the formation of the restricted shares [6]. Group 3: Corporate Governance Changes - On September 12, 2025, a shareholder meeting was held where various governance-related proposals were approved, including the cancellation of the supervisory board and amendments to the company's articles of association [13][15]. - Li Zhenfang resigned as a non-independent director due to internal adjustments but will continue to hold other positions within the company [18]. - Li Zhenfang was elected as the employee representative director, ensuring compliance with legal requirements regarding board composition [19]. Group 4: Investor Communication - The company plans to hold a half-year performance briefing on October 15, 2025, to discuss its financial results and address investor inquiries [21][22]. - Investors can submit questions for the briefing from September 30 to October 14, 2025, through the Shanghai Stock Exchange's online platform [22][28].