BUSEN(SZ:002569) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-17 23:49Core Viewpoint - The company, Zhejiang Busen Garment Co., Ltd., has made significant decisions during its seventh board meeting, including a capital reduction in a subsidiary and a loan extension with favorable terms to improve cash flow and reduce financial risks [1][4][23]. Group 1: Capital Reduction - The company plans to reduce its investment in its subsidiary, Shaanxi Busen Garment Intelligent Manufacturing Co., Ltd., by 49 million yuan, decreasing its stake from 35% to approximately 13.91% [1][23]. - The capital reduction will lower the company's investment from 70 million yuan to 21 million yuan, and the process will comply with legal requirements, including notifying creditors [23][24]. Group 2: Loan Extension - The company is seeking to extend a loan of 20 million yuan from Baoji Fangwei Tongchuang Enterprise Management Partnership (Limited Partnership) for an additional two months, with a proposed interest rate reduction to 1% if repaid by December 31, 2025 [4][15]. - If the company fails to repay by the deadline, the original interest rate of 5% will apply [4][15]. Group 3: Appointment of Vice President - The board has approved the appointment of Ms. Zhang Min as the vice president, effective immediately until the end of the current board term [7][18]. - Ms. Zhang does not hold any shares in the company and meets all qualifications required by law and company regulations [19][21]. Group 4: Upcoming Shareholder Meeting - The company will hold its first extraordinary shareholder meeting of 2026 on January 6, 2026, to discuss relevant proposals that require shareholder approval [10][41]. - The meeting will be conducted both in-person and via online voting, ensuring compliance with legal and regulatory requirements [41][46].