Tongling Jingda proposes dividend, governance changes at September meeting

Tongling Jingda Special Magnet Wire Co., Ltd. has announced its Second Extraordinary General Meeting of Shareholders for 2025, scheduled for September 16, 2025. Key items on the agenda include the approval of the 2025 half-year profit distribution plan and proposed revisions to the company's Articles of Association and other internal policies.

The proposed profit distribution plan suggests a cash dividend of 0.30 yuan (including tax) for every 10 shares, based on the total share capital registered on the equity registration date. As of June 30, 2025, the company's undistributed profit stood at 417,879,318.62 yuan. This proposal follows approval by the Ninth Board of Directors at its Fifth Meeting.

Additionally, Tongling Jingda plans to eliminate the Supervisory Board, with its functions to be assumed by the Board's Audit Committee. This change aligns with new regulatory requirements and involves extensive revisions to the Articles of Association and related company systems, including the Independent Director Work System, External Guarantee Management System, and Rules of Procedure for the Board of Directors and Shareholders' Meetings. These proposed changes aim to enhance corporate governance and protect shareholder interests.