Zhejiang Lianxiang Smart Home (SH:603272) Shang Hai Zheng Quan Bao·2025-12-30 22:14Group 1 - The company held its first meeting of the fourth board of directors on December 29, 2025, in Jiaxing, Zhejiang Province, with all nine directors present [2][4]. - The board unanimously elected Mr. Bu Xiaohua as the chairman and executive director of the company [3][5]. - The board established four specialized committees: Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategy Committee, with specific members and chairs appointed [6][8]. Group 2 - The board approved the appointment of Mr. Bu Xiaohua as the general manager, Ms. Wang Juan as the deputy general manager, and Ms. Zhou Hongfang as the financial director, all for the same term as the fourth board [9][12][17]. - Ms. Tang Qingfen was elected as the board secretary, also for the same term [18][21]. - The board decided to extend the expected completion date for two fundraising projects to December 31, 2026, to ensure quality and resource allocation [22][24]. Group 3 - The company plans to change its business scope and amend its articles of association, which will require approval from the shareholders' meeting [25][26]. - The board approved the establishment of the cumulative voting system implementation rules, which will also be submitted for shareholder approval [29][30]. - A notice for the first temporary shareholders' meeting of 2026 was issued, scheduled for January 22, 2026 [33][35]. Group 4 - The company announced a delay in the completion of its fundraising projects, specifically the "180 million meters seamless wall cloth production project" and the "wall material research and development center project," now expected to be operational by December 31, 2026 [39][44]. - The delay is attributed to macroeconomic changes and market conditions affecting the real estate sector, leading to a decrease in demand for home decoration materials [45][46]. - The board believes that this decision will not adversely affect the company's operations or shareholder interests and is in line with the company's long-term development strategy [46][47]. Group 5 - The company has implemented a special account management system for the raised funds, ensuring compliance with regulatory requirements [40]. - The total amount raised from the public offering was approximately RMB 353.37 million, with a net amount of RMB 311.99 million after deducting fees [39][41]. - The company has adjusted the funding allocation for some projects while maintaining the overall investment amount [41][42].