Fudan Microelectronics to boost capital, overhaul governance

Shanghai Fudan Microelectronics Group Company Limited will hold its 2025 Second EGM on December 2, 2025, to address key financial and governance changes. A primary agenda item is the proposal to use RMB8,282,800 in surplus A Share offering funds and RMB11,137,700 from cash management and interest income for permanent replenishment of working capital. This resolution, approved by the board on August 27, 2025, requires ordinary shareholder approval.

Further significant proposals include the abolition of the supervisory committee, with its duties transferring to the board's audit committee. This change necessitates amendments to the articles of association and the adoption of new ones. Various internal rules and procedures related to management of proceeds, connected transactions, external investment, and external guarantees will also be updated.

Additionally, shareholders will vote on the appointment of Zhang Yu Ming as an independent director for the Tenth Session of the Board, with a term tentatively ending on June 17, 2028. His annual emolument is set at RMB200,000 (before tax). All resolutions will be decided by poll, and the H Share register will close from November 27 to December 2, 2025.