LPXD(SZ:002114) Shang Hai Zheng Quan Bao·2025-12-24 18:58Meeting Overview - The fourth temporary meeting of the ninth board of directors of Yunnan Luoping Zinc Electric Co., Ltd. was held on December 24, 2025, with all six directors present, and the meeting was deemed legal and effective [2]. Resolutions Passed - The board approved a proposal for the company to borrow RMB 45 million from its controlling shareholder, Qujing Development Investment Group Co., Ltd., with a borrowing period of one year and an interest rate controlled within 5% [3][9]. - The board approved the establishment of a "Talent Introduction and Job Security Management Measures" to accelerate talent acquisition and ensure a high-quality workforce [3]. - The board approved the liquidation and cancellation of its wholly-owned subsidiary, Yunnan Chiwei Trading Co., Ltd. [4]. - The board approved the delegation of a third-party organization to publicly recruit a production vice president [5]. - The board approved the delegation of a third-party organization to publicly recruit a board secretary [5]. Related Transactions - The borrowing from the controlling shareholder is classified as a related party transaction, with the controlling shareholder holding 22.396% of the company's shares [10][14]. - The total amount of related transactions with the controlling shareholder since the beginning of the year is RMB 250,000 [20]. Financial and Operational Impact - The borrowed funds are intended to meet the company's daily operational needs and reduce financing costs, which is expected to have a positive impact on the company's development [18]. - The liquidation of the subsidiary is aimed at optimizing the management structure and reducing management costs, which will not significantly affect the overall business development [25]. Recruitment Initiatives - The company is seeking to recruit a production vice president with over 10 years of experience in the non-ferrous metal smelting industry and a strong background in zinc smelting processes [28][30]. - The company is also looking to recruit a board secretary with at least 5 years of experience in securities affairs, preferably with experience in IPOs and major asset restructurings [35].