JINCHEN MACHINERY(SH:603396) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-09 04:56Group 1 - The company held its 17th meeting of the 5th Board of Directors on September 30, 2025, where all 7 directors were present, and the meeting was deemed legal and effective [2][3]. - The Board approved the proposal to deregister its subsidiary, Suzhou Yingzhen Intelligent Technology Co., Ltd., to optimize the organizational structure and improve management efficiency [10][12]. - The decision to deregister the subsidiary does not require shareholder approval and does not involve related transactions or constitute a major asset restructuring [10][12]. Group 2 - The company approved the use of part of the raised funds and its own funds to increase capital in its wholly-owned subsidiary, JINCHEN SG PTE.LTD., for the implementation of the "Malaysia Production Base Project" [15][18]. - The total investment for the "Malaysia Production Base Project" is planned at 189.31 million RMB, with 150 million RMB sourced from raised funds and 39.31 million RMB from the company's own funds [15][18]. - The investment will be executed through JINCHEN SG PTE.LTD. to its wholly-owned subsidiary, JINCHEN MALAYSIA SDN.BHD., which is responsible for manufacturing and sales of photovoltaic equipment [18][22]. Group 3 - The company has established a special account for the management of raised funds, ensuring compliance with relevant regulations and protecting investor interests [25][30]. - The special account agreements have been signed with the underwriting institution and the banks involved, ensuring that the funds are used solely for the designated project [30][39]. - The company will provide regular reports on the usage of the raised funds to ensure transparency and accountability [30][42].