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 - Dechang Co., Ltd. plans to raise up to 1.54 billion yuan through a private placement to enhance production capacity and support working capital, marking its first equity refinancing since its IPO in 2021 [1][2] Group 1: Fundraising and Investment Plans - The company intends to issue shares to no more than 35 specific investors, with the total amount not exceeding 1.54 billion yuan, representing up to 30% of the pre-issue total share capital, or 14.5 million shares [2] - The fundraising will support several projects, including a production line for 5.6 million automotive steering and braking system motors, a factory in Thailand for 5 million home appliance products, a factory in Vietnam for 3 million small home appliances, and a smart kitchen appliance project with a production capacity of 1.2 million units [2][3] - The total investment for these projects is approximately 2.41 billion yuan, with the company covering the shortfall through self-funding [2] Group 2: Business Performance and Growth - As of the first quarter of 2025, the company's total assets reached 5.274 billion yuan, a historical high, reflecting a year-on-year increase of 14.53% [4][5] - In 2024, the company achieved a revenue of 4.095 billion yuan, a year-on-year growth of 47.56%, with a net profit of 411 million yuan, up 27.51% [4] - The automotive parts business generated revenue of 412 million yuan in 2024, marking a significant year-on-year growth of 104.54% [5] Group 3: Strategic Development and Market Position - Dechang Co., Ltd. has established itself as one of China's top ten vacuum cleaner exporters and has expanded into the automotive parts sector, leveraging its technological advantages in motor production [1][4] - The company has a diverse product portfolio, including vacuum cleaners, small home appliances, and EPS motors, which enhances its market competitiveness and profitability [3][4] - The automotive parts division has already secured clients from well-known suppliers in the steering and braking systems sector, indicating strong market demand [4]