Jingda announces dividend, corporate governance changes

Tongling Jingda Special Magnet Wire Co., Ltd. announced a 2025 semi-annual profit distribution plan of 0.03 yuan per share (tax included). This plan is based on the total share capital registered on the equity distribution record date. The company also disclosed an update on its "Quality and Efficiency Enhancement, High Return Action Plan" for the first half of 2025, highlighting an increase in product output and sales volume, resulting in a total operating income of 11.856 billion yuan and a total profit of 406 million yuan.

In a move to streamline corporate governance, the company will cancel its supervisory board and amend its articles of association, with the audit committee of the board of directors assuming the supervisory board's responsibilities. Several internal policies, including those related to external guarantees, related-party transactions, and the independent director's work system, will also be revised.

Additionally, Special Hua Investment Holding, a concerted party of the actual controller, pledged 2,000,000 shares for financing turnover, representing 2.49% of its holdings and 0.09% of the company's total share capital. The total pledged shares by the actual controller and concerted parties amount to 78,000,000 shares, or 3.63% of the total share capital. The company will hold an investor relations conference on September 4, 2025, to discuss its performance and answer investor questions.