江苏亚威机床股份有限公司

Meeting Overview - The sixth board meeting of Jiangsu Yawen Machine Tool Co., Ltd. was held on January 28, 2026, with all nine directors present, including three participating via telecommunication [2][3]. Resolutions Passed - The board unanimously approved the adjustment of the fundraising amount for the 2025 A-share issuance to specific targets, reducing the total from 71,903.09 million yuan to 66,403.09 million yuan [3][6]. - The number of shares to be issued was adjusted from 99,726,887 shares to 92,098,593 shares, maintaining the limit of 30% of the total share capital before the issuance [4][37]. Fundraising Purpose - The funds raised will be used for the second phase of the servo press and automated stamping line project, as well as to supplement working capital and repay bank loans, which will help optimize the company's capital structure and reduce financial leverage [24][51]. Feasibility Analysis - The board approved the revised feasibility analysis report for the 2025 A-share issuance, which was published on January 29, 2026 [7][14]. Risk Mitigation Measures - The company has committed to measures to mitigate the dilution of immediate returns from the issuance, including improving corporate governance and ensuring effective use of raised funds [25][29]. Shareholder Commitment - The controlling shareholder, Yangzhou Industrial Investment Development Group, has made commitments to not interfere with the company's management and to ensure the fulfillment of return compensation measures [30][31]. Financial Impact - The issuance is expected to enhance the company's capital strength and reduce the debt-to-asset ratio, which has been increasing over the past few years, thereby improving financial stability [49][52].