Seazen Holdings extends share issuance resolution, authorization

Seazen Holdings (SSE:601155) announced its plan to extend the validity period for both its shareholders' meeting resolution and board authorization related to a previously approved plan to issue A-shares to specific targets. The extension is being sought because the issuance is still pending approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission. If approved, the resolution's validity would be extended by 12 months, until March 28, 2026. Similarly, the board authorization's validity for execution items approved by regulators would remain until completion, while other authorization matters would also be extended until March 28, 2026. The extension is subject to shareholder approval at an upcoming meeting.