Mtalco(SH:601677) Xin Lang Cai Jing·2025-10-17 10:58Core Points - The company, Ming Tai Aluminum (stock code: 601677), held its seventh board meeting on October 17, 2025, where all nine participating directors were present, making the meeting valid [1] - A significant agenda item was the adjustment of the fundraising amount for the original investment project and the addition of new investment projects, particularly focusing on the "Automotive and Green Energy Aluminum Industry Park Project" [1] - The company plans to reduce the fundraising amount for the project, retaining approximately 330 million yuan for future construction, while reallocating 590 million yuan to a new project, the annual production of 720,000 tons of aluminum-based new materials by its wholly-owned subsidiary, Henan Yirui New Materials Technology Co., Ltd. [1] - This proposal has passed the board's audit committee review and will be submitted for approval at the upcoming shareholders' meeting [1] - To regulate the use and management of the raised funds, the company intends to open a dedicated account for the new investment project with compliant financial institutions and sign a supervision agreement with the lead underwriter and the bank [1] Additional Information - The company also approved a proposal to hold the third temporary shareholders' meeting on November 3, 2025, with detailed announcements published on the Shanghai Stock Exchange website [2]