金华春光橡塑科技股份有限公司第四届董事会第二次会议决议公告

Core Viewpoint - The company, Jinhua Chunguang Rubber and Plastic Technology Co., Ltd., has convened its fourth board meeting to approve a proposal for a specific issuance of A-shares to targeted investors, which requires further approval from the upcoming shareholders' meeting [4][6][27]. Group 1: Board Meeting Details - The fourth board meeting was held on December 11, 2025, with all eight directors present, and the meeting was conducted in accordance with legal requirements [2][3]. - The meeting was an emergency session, and all directors were informed of the relevant matters [2]. Group 2: Issuance of A-shares - The board approved the proposal for the company to issue A-shares to specific investors, confirming that the company meets the necessary qualifications for such an issuance [4][6]. - The issuance will involve domestic listed ordinary shares (A-shares) with a par value of RMB 1.00 per share [7]. - The issuance will occur after obtaining approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [9]. Group 3: Pricing and Quantity - The pricing for the issuance will be based on the average trading price of the company's A-shares over the 20 trading days prior to the issuance date, with a minimum price set at 80% of this average [12]. - The maximum number of shares to be issued will not exceed 30% of the total share capital prior to the issuance, estimated at 40,557,015 shares [15]. Group 4: Fundraising and Use of Proceeds - The total amount to be raised from the issuance is capped at RMB 776.33 million, which will be allocated to specific projects, including the construction of a new production facility and a production base in Vietnam [20]. - If the actual net proceeds are less than the planned investment amounts, the company will cover the shortfall with its own funds [21]. Group 5: Lock-up Period and Listing - Shares acquired through this issuance will be subject to a lock-up period of six months post-issuance [22]. - The shares will be listed for trading on the main board of the Shanghai Stock Exchange [24]. Group 6: Shareholder Meeting - A fifth extraordinary shareholders' meeting is scheduled for December 29, 2025, to further discuss and approve the proposals [76][72].