Shanghai Liangxin Electrical (SZ:002706) Zheng Quan Ri Bao·2025-12-04 04:42Core Viewpoint - The company held its seventh board meeting on December 3, 2025, where several key proposals were approved, including changes to share repurchase purposes and the implementation of stock option and employee stock ownership plans aimed at enhancing long-term incentives and attracting talent [1][2][3]. Group 1: Share Repurchase and Incentive Plans - The board approved a proposal to change the purpose of share repurchase from maintaining company value to implementing employee stock ownership and stock option plans [2][39]. - The board also approved the "2025 Striver No. 3 Stock Option Incentive Plan (Draft)" to enhance the company's long-term incentive mechanisms and align interests among shareholders, the company, and core teams [3][15]. - The board agreed on the "2025 Striver No. 3 Employee Stock Ownership Plan (Draft)" to further attract and retain talent, ensuring a focus on the company's long-term development [14][15]. Group 2: Financial Management and Fund Utilization - The board approved the conclusion of certain fundraising projects and the permanent allocation of surplus funds to enhance liquidity, which is expected to improve operational efficiency [29][55]. - The company reported a total fundraising amount of approximately RMB 1.52 billion from a non-public offering, with net proceeds after expenses being around RMB 1.5 billion [50][51]. - The surplus funds from the concluded projects will be used for daily operations and business development, ensuring compliance with relevant regulations [55][59]. Group 3: Board and Committee Changes - The board approved the addition of employee representative director Wu Yu to the audit committee, ensuring compliance with legal requirements regarding board composition [28][48]. - The board's decisions regarding the stock option and employee stock ownership plans will be submitted for shareholder approval, reflecting a commitment to transparency and governance [5][18][31]. Group 4: Upcoming Shareholder Meeting - The company announced the third temporary shareholder meeting scheduled for December 19, 2025, to discuss and vote on the approved proposals [67][69]. - The meeting will include provisions for both in-person and online voting, ensuring broad participation from shareholders [70][72].