Core Viewpoint - The company, Baotou Yinstar Rare Magnetic New Materials Co., Ltd., is undergoing significant corporate governance changes, including the nomination of a new independent director and plans for financial maneuvers to enhance liquidity and manage risks associated with currency fluctuations [1][2][8]. Group 1: Corporate Governance - The company held its fourth board meeting on December 26, 2025, where it approved the nomination of Ms. Xu Tao as an independent director candidate, pending approval from the Shenzhen Stock Exchange and the shareholders' meeting [1][8]. - Ms. Xu Tao has no shareholding in the company and is independent of major shareholders, ensuring compliance with relevant laws and regulations regarding independent directors [1][2]. - The board also approved the establishment of a management system for the departure of directors and senior management, outlining procedures and responsibilities [6]. Group 2: Financial Strategies - The company plans to apply for a total credit facility of up to 2.5 billion yuan, with 1.7 billion yuan for the company and 800 million yuan for its subsidiaries, to enhance financial flexibility [2][8]. - The company intends to provide guarantees of up to 300 million yuan for subsidiaries with a debt-to-asset ratio exceeding 70%, with the board deeming the risk manageable [2][8]. - A foreign exchange hedging business is proposed to mitigate currency risk, involving transactions such as forward foreign exchange, swaps, and options, with a maximum contract value of 300 million yuan per trading day [3][5][8]. Group 3: Cash Management - The company plans to utilize up to 200 million yuan of idle raised funds and 500 million yuan of idle self-owned funds for cash management, investing in low-risk financial products with high liquidity [11][12]. - The investment period for these funds will be within 12 months from the date of approval by the shareholders' meeting, allowing for rolling use of the funds [11][12].
股市必读：英思特（301622）12月26日主力资金净流出588.51万元