TYGF(SH:600506) Shang Hai Zheng Quan Bao·2025-11-30 19:19Group 1 - The board of directors of the company held its sixth meeting of the ninth session on November 29, 2025, to discuss various financial matters [4][5][6] - The board approved the use of surplus reserves to cover losses amounting to 328,221,490.68 yuan, which includes 34,192,504.86 yuan from surplus reserves and 294,028,985.82 yuan from capital reserves [7][16] - The company plans to hold a temporary shareholders' meeting on December 16, 2025, to further discuss the resolution regarding the use of surplus reserves to cover losses [13][32] Group 2 - The board also approved a resolution for its wholly-owned subsidiary, Shanghai Xilike Industrial Development Co., Ltd., to use 53,965,483.46 yuan from capital reserves to cover its accumulated losses [10][22] - The accumulated losses of Shanghai Xilike are primarily due to interest expenses from acquisition loans related to the purchase of Unified Petrochemical Co., Ltd. [23] - After the loss compensation, Shanghai Xilike's capital reserves will decrease to 347,034,516.54 yuan, and its undistributed profits will be adjusted to zero [24][28] Group 3 - The board approved a cash dividend distribution of 68,000,000.00 yuan from its subsidiary, Unified Petrochemical Co., Ltd., to its shareholders, with Shanghai Xilike expected to receive 53,101,200.00 yuan [12][29] - The available distributable profits of Unified Petrochemical as of December 31, 2024, are reported at 121,890,040.83 yuan [29] - The dividend distribution is not expected to significantly impact the daily operations of Unified Petrochemical [30] Group 4 - The company emphasizes its commitment to enhancing investor returns and protecting the rights of small and medium investors through these financial maneuvers [15][20] - The board's decisions are in line with regulatory requirements aimed at promoting high-quality development in the capital market [15][20] - The company aims to improve its financial condition and meet the profit distribution conditions set by laws and regulations [16][24]