JINCHEN MACHINERY(SH:603396) Shang Hai Zheng Quan Bao·2025-09-17 20:46Group 1 - The company revised part of its governance system to align with the latest laws and regulations, aiming to enhance its operational mechanisms and governance standards [1][28] - The board of directors approved the revisions during the 16th meeting of the fifth board on September 17, 2025 [1][20] Group 2 - The company provided a guarantee for its wholly-owned subsidiary, JINCHEN SG PTE.LTD., with a guarantee amount not exceeding USD 940,000, approximately RMB 66.75 million [4][5] - The guarantee is intended to support the subsidiary's sales contract performance and is valid for 12 months from the board's approval date [5][8] - The company has no overdue external guarantees and the total external guarantee amount is RMB 90 million, which is 3.52% of the latest audited net assets [8][6] Group 3 - The company decided to use its own funds to pay part of the investment project costs and replace them with raised funds, which is expected to improve operational efficiency [10][16] - The total amount raised from the issuance of shares was approximately RMB 999.99 million, with a net amount of RMB 979.83 million after deducting issuance costs [11][12] - The board approved the use of self-funds for the "Malaysia Production Base Project" to ensure stable cash flow and reduce financial costs [13][14] Group 4 - The board meeting on September 17, 2025, was conducted legally and effectively, with all seven directors present [22][20] - The board unanimously approved the proposals regarding the guarantee for the subsidiary, the use of self-funds for investment projects, and the revision of governance systems [25][26][28]