FASTEN(SZ:000890) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-23 00:53Group 1 - The company held its 26th meeting of the 11th Board of Directors on October 22, 2025, with all 11 directors present [2][9] - The meeting was chaired by Chairman Chen Mingjun, and all senior management attended [3] - The meeting complied with the relevant laws and regulations [4] Group 2 - The Board approved the proposal for a major asset sale, where the company plans to sell 10% of its stake in China Beikaerte Steel Cord Co., Ltd. to BEKAERT STEEL CORD PRODUCTS HONG KONG LIMITED for cash [5][12] - The proposal was reviewed and approved by the Strategic Committee, Independent Directors, and Audit Committee [6][7][8] - The voting result was unanimous with 11 votes in favor, 0 against, and 0 abstentions [9] Group 3 - The transaction is classified as a major asset restructuring but does not constitute a restructuring listing [58] - The company confirmed that the transaction does not involve any related party transactions [59] - The Board believes the transaction will improve the company's financial situation and provide funding support for its main business [78] Group 4 - The company will sign a memorandum regarding the major asset sale to facilitate the transaction [61] - The Board confirmed that there were no abnormal fluctuations in the company's stock price prior to the disclosure of the transaction [62] - The company has taken necessary confidentiality measures to prevent information leakage during the transaction process [74][75] Group 5 - The Board has determined that the transaction complies with the relevant regulations of the Major Asset Restructuring Management Measures [79][80] - The company has completed the necessary legal procedures for the transaction [90] - The company will not hold a shareholders' meeting until the audit and evaluation work related to the transaction is completed [96]