Core Viewpoint - The company plans to issue A-shares to specific investors in 2025, aiming to raise up to 1.1 billion yuan for various projects while ensuring compliance with relevant regulations and protecting shareholder rights [2][3][4]. Meeting Information - Meeting Date: August 1, 2025, from 9:00 to 10:00 [1] - Agenda includes the proposal for the issuance of A-shares and related measures [1]. Issuance Proposal - The company confirms it meets the conditions for issuing A-shares to specific investors, including compliance with the Company Law and Securities Law [2]. - The issuance will involve up to 35 specific investors, including China National Chemical Corporation Rubber Company, with a minimum subscription of 200 million yuan and a maximum of 300 million yuan [4][6]. - The shares will be priced at no less than 80% of the average trading price over the last 20 trading days prior to the pricing date [5][6]. Fundraising and Use of Proceeds - The total amount to be raised is capped at 1.1 billion yuan, with net proceeds allocated to specific investment projects totaling approximately 1.463 billion yuan [8]. - The company will initially fund these projects with its own resources until the proceeds are available [8]. Lock-up Period - The shares subscribed by the rubber company will have an 18-month lock-up period, while other investors will have a 6-month lock-up period post-issuance [7]. Related Transactions - The issuance involves related transactions due to the participation of the controlling shareholder, which requires avoidance of voting by related shareholders [13]. Financial Reports - The company has prepared financial reports for the years 2022, 2023, and 2024, which have been audited and are available for review [20]. Authorization for Board - The company seeks authorization from shareholders for the board to handle all matters related to the issuance, including adjustments based on market conditions and regulatory requirements [16][17].

Core Points - The company is proposing to extend the authorization for the board of directors to handle the issuance of A-shares to specific targets for an additional 12 months, until July 30, 2026 [4][5]. - The company will hold a shareholders' meeting on July 29, 2025, to discuss and vote on the proposals [2][4]. - The meeting will include provisions for both on-site and online voting, with specific time slots designated for each [2][4]. Proposal Summaries - Proposal One: The company seeks to extend the validity period of the resolution regarding the issuance of A-shares to specific targets by 12 months, now set to expire on July 30, 2026 [4][5]. - Proposal Two: The company requests the shareholders' meeting to extend the authorization for the board to manage the issuance of A-shares for another 12 months, maintaining the same scope and content of the authorization [5][6]. - Proposal Three: The company plans to abolish the supervisory board and amend the Articles of Association to enhance corporate governance, aligning with recent legal requirements [6][7].

Group 1 - The company held its 13th meeting of the 3rd Board of Directors on July 17, 2025, where all 7 directors attended, and the meeting complied with relevant laws and regulations [1] - The Board approved the proposal for the company to issue A-shares to specific investors, confirming that the company meets the necessary legal conditions for such issuance [2][3] - The proposal for the issuance of A-shares includes a maximum of 35 specific investors, including qualified institutional investors and other eligible entities [3][4] Group 2 - The issuance will involve a maximum of 21,714,970 shares, which is up to 30% of the company's total shares before the issuance [5] - The pricing for the shares will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [4][5] - The shares issued will have a lock-up period of 6 months post-issuance, during which they cannot be transferred [6] Group 3 - The total amount to be raised from this issuance is capped at 600 million yuan, which will be allocated to specific investment projects [7][8] - If the raised funds do not meet the project funding needs, the company will cover the shortfall through self-raised funds [8] - The Board also approved various reports related to the feasibility and analysis of the fundraising plan, which will be submitted to the shareholders' meeting for approval [9][10] Group 4 - The company plans to establish a special account for the management and use of the funds raised from the issuance [13] - The Board proposed to authorize itself to handle all matters related to the issuance, including the determination of the issuance plan and necessary agreements [14] - A three-year shareholder return plan was also approved to enhance the transparency and operability of profit distribution policies [15]

Core Viewpoint - The company plans to issue A-shares to specific investors to raise up to 600 million yuan, which may dilute immediate returns for existing shareholders, but measures will be taken to mitigate this impact [1][2][3] Group 1: Financial Impact of the Issuance - The total share capital before the issuance is 7,238.32 million shares, which will increase to 9,409.82 million shares post-issuance [4] - The company anticipates a net profit of -29.55 million yuan and a net profit attributable to shareholders of -116.43 million yuan for 2025 under various scenarios [4][6] - Basic and diluted earnings per share are expected to decrease from -0.41 yuan to -0.39 yuan post-issuance if the company remains profitable [4][6] Group 2: Necessity and Reasonableness of the Issuance - The issuance is deemed necessary to support the company's growth strategy and enhance its capital structure, aligning with industry trends [7][10] - The funds raised will be used to construct a smart factory for wind power gearboxes, which is expected to improve production capacity and profitability [7][9] Group 3: Measures to Mitigate Dilution of Immediate Returns - The company will strengthen the supervision of raised funds to ensure they are used effectively and in compliance with regulations [10][11] - There will be an acceleration of project construction to achieve expected benefits sooner, thereby enhancing profitability [10] - The company plans to improve its profit distribution system to ensure transparent and stable returns for shareholders [10][11] Group 4: Commitments from Management - The board and senior management have committed to fulfilling the measures to mitigate the dilution of immediate returns and to act in the best interests of shareholders [12][13] - The controlling shareholders and actual controllers have also made commitments to adhere to regulations and not interfere with the company's operations [12][13]

Core Viewpoint - The company is issuing A-shares to specific investors, which will dilute immediate returns but includes measures to compensate for this dilution [1][5][9] Financial Impact Analysis - The total share capital before the issuance is 470,988,309 shares, which will decrease to 466,296,153 shares before the issuance and increase to 606,184,998 shares after the issuance [2] - The net profit attributable to the parent company is projected to remain the same as 2024, with estimates of 15 million and 40 million yuan for different scenarios [2][3] - Basic earnings per share (EPS) before dilution is 0.03 yuan, while after dilution it is expected to be 0.01 yuan [2][3] Necessity and Feasibility of the Issuance - The issuance is necessary to support the company's sustainable development strategy and to meet operational funding needs [5][6] - The raised funds will be used to supplement working capital and repay bank loans, which aligns with the company's current development needs [5][6] Measures to Mitigate Dilution Impact - The company plans to enhance the supervision of raised funds to ensure they are used effectively and legally [7][8] - There will be a focus on improving overall profitability and optimizing the capital structure to reduce financial risks [8] - The company has established a governance structure to ensure compliance with laws and regulations, enhancing investor protection [8][9] Commitments from Major Stakeholders - The controlling shareholder and management have made commitments to not interfere with the company's operations and to ensure the effectiveness of the compensation measures [9][10] - They have pledged to adhere to regulations and take responsibility for any breaches of these commitments [10]

Core Viewpoint - The company plans to issue A-shares to a specific investor, Shandong High-speed Industry Investment Co., Ltd., to raise funds for working capital and debt repayment, pending approval from the shareholders' meeting [2][12]. Group 1: Meeting and Voting - The 13th meeting of the 11th Supervisory Board was held on July 16, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1]. - The proposal for issuing A-shares was approved with a voting result of 2 votes in favor, 0 abstentions, and 0 votes against [2][3]. Group 2: Issuance Details - The type of shares to be issued is domestic listed RMB ordinary shares (A-shares) with a par value of RMB 1.00 per share [2]. - The issuance will occur after approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [2]. - The issuance price is set at RMB 5.13 per share, which is not lower than 80% of the average trading price over the last 20 trading days prior to the pricing benchmark date [3]. - The total number of shares to be issued will not exceed 139,888,845 shares, representing 30% of the company's total share capital before the issuance [4]. Group 3: Use of Proceeds - The total amount to be raised from the issuance is not more than RMB 717.63 million, which will be used entirely for supplementing working capital and repaying bank loans [5]. Group 4: Lock-up Period and Other Provisions - The shares acquired by the investor will be subject to a lock-up period of 36 months from the completion of the issuance [4]. - The decision on the issuance is valid for 12 months from the date of approval by the shareholders' meeting [5]. Group 5: Related Transactions - The issuance involves a related party transaction as Shandong High-speed Industry Investment Co., Ltd. is a controlling shareholder of the company [12]. - The company has committed to ensuring that the issuance complies with the relevant regulations regarding related party transactions [12].

Meeting Information - The company will hold its second extraordinary general meeting of shareholders on August 5, 2025, at 14:30 [1] - Shareholders can participate in the meeting either in person or through online voting via the Shenzhen Stock Exchange system [1][2] - The voting time for online participation is set for the trading hours of the meeting day [1] Agenda Items - The meeting will discuss several proposals, including: - A proposal for the company to issue A-shares to specific targets for the year 2025 [2][5] - A proposal regarding measures to mitigate the dilution of immediate returns from the issuance of shares [5] - A proposal to establish a three-year dividend return plan for shareholders from 2025 to 2027 [5] - A proposal to authorize the board of directors to handle matters related to the issuance of A-shares [5][6] Voting Procedures - Shareholders must choose between attending the meeting in person or voting online, with only one method allowed for each shareholder [1][2] - The voting results will be based on the first valid vote cast [6][8] - Special provisions are in place for small investors, ensuring their votes are counted separately [8] Registration Process - Different registration requirements exist for corporate and individual shareholders, including necessary documentation for attendance [3][4] - Shareholders unable to attend in person can register via mail or fax, with a deadline set for July 31, 2025 [3][4] Contact Information - The company has provided contact details for inquiries related to the meeting, including phone and fax numbers [9]

Meeting Information - The third extraordinary general meeting of shareholders will be held on August 1, 2025 [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system [1] - The meeting will be convened by the board of directors [1] - Voting will be conducted through a combination of on-site and online methods [1] - The on-site meeting will take place at 9:00 AM at the company's administrative building in Jiaozuo City [1] Voting Procedures - The online voting period is from 9:15 AM to 3:00 PM on the day of the meeting [1] - Specific voting times through the trading system are from 9:15-9:25, 9:30-11:30, and 1:00-3:00 [1] - Shareholders can vote via the Shanghai Stock Exchange's online platform or through designated trading securities companies [4][5] Agenda Items - The meeting will review several proposals related to the issuance of A-shares to specific targets for the year 2025 [2] - Key proposals include feasibility analysis reports, dilution measures, and related party transactions [2] - A proposal for the company's dividend return plan for the next three years (2025-2027) will also be discussed [2] Attendance and Registration - Shareholders registered by the close of trading on July 29, 2025, are eligible to attend [5] - Shareholders can appoint proxies to attend and vote on their behalf [5] - Registration requires identification and proof of shareholding [6] Additional Information - The company's contact details for inquiries include an address in Jiaozuo City and a phone number [6]

Core Viewpoint - Ningbo Dechang Electric Motor Co., Ltd. is planning to issue A-shares to specific investors in 2025, with adjustments made to the fundraising amount and investment projects based on the company's current situation [1][12]. Group 1: Meeting Details - The first extraordinary general meeting of shareholders for 2025 is scheduled for July 23, 2025, at 14:00 in Ningbo, Zhejiang Province [4]. - The meeting will include procedures such as sign-in, introduction of attendees, reading of meeting rules, and voting on various proposals [4][5]. Group 2: Proposals for A-Share Issuance - The proposal for the issuance of A-shares has been revised, with the total fundraising amount adjusted to not exceed 154,031.30 million yuan, which will be allocated to specific investment projects [8][11]. - The company plans to invest in projects including the production line for automotive steering and braking system motors, with total investment amounts specified for each project [9][10]. Group 3: Adjustments to Company Structure - Following the implementation of the profit distribution and capital reserve transfer plan for 2024, the total number of shares has increased from 372,360,800 to 484,069,040, necessitating amendments to the company's articles of association [18]. - The registered capital has also been updated to reflect the new total number of shares [18]. Group 4: Voting and Decision-Making - The proposals require a special resolution, needing approval from more than two-thirds of the voting rights held by attending shareholders [11][17]. - The voting process will involve designated representatives and legal oversight to ensure transparency and compliance [3][9].

Core Viewpoint - The company has approved a plan to issue A-shares to a specific investor, Suzhou Bubugao Investment Development Co., Ltd, to raise funds for working capital [1][2][3] Meeting Details - The fifth supervisory board meeting was held on July 10, 2025, with 4 out of 5 supervisors present, and the resolutions made were deemed legal and effective [1] - The resolutions will be submitted to the shareholders' meeting for approval [2] Issuance Plan - The type of shares to be issued is ordinary shares (A-shares) with a par value of RMB 1.00 per share [2] - The issuance will be conducted through a specific object issuance method, pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2] - The total number of shares to be issued will not exceed 33,385,703 shares, representing 30% of the company's total share capital before the issuance [3] - The pricing benchmark date is set for the date of the board meeting's resolution announcement, with an issue price of RMB 25.46 per share, not lower than 80% of the average trading price over the previous 20 trading days [4] Subscription and Lock-up Period - The shares will be fully subscribed by Suzhou Bubugao Investment Development Co., Ltd in cash [2] - The lock-up period for the subscribed shares is 36 months from the date of issuance [6] Fundraising Amount and Use - The total amount to be raised is not more than RMB 850 million, which will be used entirely to supplement working capital after deducting issuance costs [8] Profit Sharing and Decision Validity - The undistributed profits before the issuance will be shared by new and old shareholders based on their shareholding ratios after the issuance [8] - The validity period for the resolution is 12 months from the date of approval by the shareholders' meeting [6] Related Transactions - The issuance constitutes a related party transaction as the controlling shareholder, Bubugao Investment, is the subscriber [8] - The company will apply for the shares to be listed on the Shanghai Stock Exchange [7] Regulatory Compliance - The company has prepared various reports and documents in compliance with relevant laws and regulations, including a feasibility analysis report and a special report on the use of previous fundraising [12][14]