Giantec semiconductor adjusts capital, abolishes board of supervisors

Giantec Semiconductor Corporation has announced an increase in its registered capital and a plan to abolish its board of supervisors, with duties to be assumed by the board's audit committee. The registered capital increased to 157,718,544.00 yuan, then to 158,115,819.00 yuan, and finally to 158,271,044.00 yuan through the vesting of restricted stock from multiple incentive plans between January and September 2025. These changes necessitate revisions to the "Articles of Association" and other internal management systems, which require shareholder approval.

The company also released a draft 2025 Restricted Stock Incentive Plan, proposing to grant 1.8 million shares, representing 1.14% of the total share capital, with a grant price of 48.00 yuan per share. Performance targets for this plan include achieving specific revenue and gross profit milestones between 2025 and 2029.

Concurrently, Giantec Semiconductor plans to use 56,000,000.00 yuan of its over-raised funds to permanently supplement working capital, representing 29.84% of the total over-raised funds. This move is intended to support business expansion and daily operations, enhancing capital utilization efficiency.