天洋新材（上海）科技股份有限公司2025年第五次临时股东会决议公告

Group 1 - The company held its fifth extraordinary general meeting on December 22, 2025, with no resolutions being rejected [2] - The meeting was legally convened and conducted according to the Company Law and the company's articles of association, with all procedures being valid [5][7] - The board of directors approved a proposal to change the use of part of the raised funds [4] Group 2 - The board of directors' second meeting was also held on December 22, 2025, with all directors present, and the meeting was legally valid [7] - The board approved a proposal to cease operations of subsidiaries related to the photovoltaic encapsulation film project due to market changes and to enhance profitability [8][9] - A proposal to convene the first extraordinary general meeting of 2026 was also approved [10] Group 3 - The company has established four photovoltaic encapsulation film projects, but three of them have been terminated [13] - The decision to stop the photovoltaic encapsulation film project is based on ongoing low prices in the photovoltaic component market and insufficient demand [14] - The company plans to repurpose or sell the facilities and equipment used for the ceased project to optimize resource utilization [14] Group 4 - As of November 30, 2025, the raised funds for the photovoltaic encapsulation film project have been managed according to regulations, with some funds allocated for working capital [16] - The photovoltaic encapsulation film project contributed 48% of total revenue in 2024 and is expected to have a negative net profit of approximately 240 million yuan in 2024 [17] - The cessation of this project is anticipated to improve the company's overall profitability and will not affect other business segments [17]