QA(SH:603758) Xin Lang Cai Jing·2025-11-17 16:03Core Viewpoint - On November 18, 2025, Chongqing Qin'an Electromechanical Co., Ltd. announced the resolutions from its 20th meeting of the 5th Board of Directors, which included signing a performance commitment and compensation supplementary agreement with Anhui Yigao Optoelectronics Technology Co., Ltd. and proposing to hold the second extraordinary general meeting of shareholders in 2025 [1][3][4]. Group 1: Board Meeting Details - The board meeting was held on November 17, 2025, via telecommunication, with all 9 directors present, and was chaired by Mr. Yuanming Tang [2]. - The meeting complied with the relevant regulations of the Company Law of the People's Republic of China and the company's articles of association, making the resolutions legally valid [2]. Group 2: Performance Commitment Agreement - The first resolution approved was the signing of a supplementary agreement regarding performance commitments and compensation related to the cash acquisition of 99% equity in Yigao Optoelectronics [3]. - The acquisition involves a cash purchase of 99% equity in Yigao Optoelectronics by the company's wholly-owned subsidiary, with the supplementary agreement clarifying performance commitments and compensation matters [3]. - Mr. Yuanming Tang abstained from voting due to the related party transaction, and the resolution passed with 8 votes in favor, 0 against, and 1 abstention [3]. Group 3: Shareholder Meeting Proposal - The second resolution was to propose the convening of the second extraordinary general meeting of shareholders in 2025, which was approved unanimously with 9 votes in favor [4]. - The company has disclosed the notice for the extraordinary general meeting on the Shanghai Stock Exchange and other designated media, with details to be confirmed in the notice [4]. Group 4: Follow-up Arrangements - The company stated that the related party transaction resolutions will be submitted for shareholder approval, and it will fulfill its information disclosure obligations in a timely manner [5].