TJSMW(SH:600577) Shang Hai Zheng Quan Bao·2026-01-12 18:16Core Viewpoint - The company held its first extraordinary general meeting of shareholders in 2026, where it approved a proposal regarding the expected external guarantee limit for the year [2][4]. Group 1: Meeting Details - The extraordinary general meeting was held on January 12, 2026, at the company's meeting room in the Economic and Technological Development Zone, Tongling City, Anhui Province [2]. - The meeting was convened by the board of directors and conducted through a combination of on-site and online voting, presided over by Chairman Li Xiao [2]. - All procedures for the meeting, including notification, convening, and voting methods, complied with the relevant laws and regulations [5]. Group 2: Attendance and Voting - Out of the nine current directors, five attended the meeting, while some independent directors were absent due to work commitments [3]. - The proposal regarding the expected external guarantee limit for 2026 was passed with over two-thirds of the voting rights held by attending shareholders [4][5]. Group 3: Convertible Bond Redemption - The company decided not to exercise the early redemption rights for its convertible bonds ("精达转债") despite triggering the redemption clause due to stock price conditions [7][11]. - The stock price had been above 130% of the conversion price for at least 15 trading days, triggering the redemption clause [11]. - The board will not exercise the redemption rights for the next five months, and if the redemption clause is triggered again, a new meeting will be convened to decide on the matter [11][12]. Group 4: Convertible Bond Issuance - The company issued 7.87 million convertible bonds in 2020, raising a total of 787 million yuan, with the bonds listed on the Shanghai Stock Exchange [9]. - The initial conversion price was set at 3.80 yuan per share, which has been adjusted multiple times due to profit distributions and stock issuances, with the latest adjustment bringing it to 3.32 yuan per share [9][13].