Friendess Electronic proposes capital increase, supervisory board abolition, dividend plan

Shanghai Friendess Electronic Technology Corporation has scheduled its first extraordinary general meeting of shareholders for October 13, 2025, to discuss a range of proposals. A key agenda item is the proposed increase in registered capital and the abolition of the supervisory board, aligning with new company law and listing guidelines. The company's total share capital has increased from 205,455,060 shares to 288,391,239 shares, with registered capital similarly increasing from 205,455,060 yuan to 288,391,239 yuan.

The meeting will also address revisions to several internal regulations, including the "Shareholders' Meeting Rules," "Board of Directors' Meeting Rules," and "Related Party Transaction Management System." These amendments aim to refine Friendess Electronic's governance structure and operational frameworks.

Furthermore, Friendess Electronic will seek shareholder approval for its 2025 half-year profit distribution plan, proposing a cash dividend of 6.66 yuan (including tax) for every 10 shares. This distribution would amount to a total of 192,068,565.17 yuan, representing 30.01% of the company's half-year consolidated net profit. The re-appointment of Rongcheng Certified Public Accountants as the company's auditor for 2025, with a proposed audit fee of 646,000 yuan, will also be considered.