Kinwong(SH:603228) Shang Hai Zheng Quan Bao·2025-12-09 19:48Group 1 - The company has approved a proposal to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global brand recognition and competitiveness [2][6][33] - The board meeting was held on December 8, 2025, with all 9 directors present, ensuring the legality and validity of the resolutions [2][4] - The proposal will be submitted for shareholder approval [5][32] Group 2 - The H-shares will have a nominal value of RMB 1.00 and will be offered in foreign currency [9] - The issuance will not exceed 10% of the total share capital post-issuance, with an option for underwriters to exercise an over-allotment option of up to 15% [15] - The pricing will be determined based on market conditions and investor demand, following international practices [17] Group 3 - The funds raised will be used for expanding production capacity, upgrading facilities, enhancing R&D, repaying bank loans, and general corporate purposes [37][38] - The company will appoint various professional intermediaries for the issuance process, including sponsors, underwriters, and legal advisors [29][30] Group 4 - The company will amend its articles of association and internal governance rules to comply with relevant laws and regulations for the H-share issuance [60][66] - The board has proposed a profit distribution plan for retained earnings prior to the issuance, ensuring fair treatment for existing and new shareholders [57]