INESA intelligent tech to increase related party deals, appoint directors

INESA Intelligent Tech has announced its first extraordinary general meeting of shareholders for 2025, scheduled for November. Key agenda items include increasing the 2025 annual everyday related party transaction quota and the election of directors.

The company proposes to raise the estimated related party transaction amount with Shanghai INESA (Group) Co., Ltd. and its affiliated enterprises by an additional CNY 303 million. This adjustment will bring the total anticipated related party transactions for 2025 to CNY 1,683 million. The increase is driven by actual operational needs and has been approved by the board, with associated related parties abstaining from voting.

Additionally, shareholders will vote on the election of Liu Shanquan and Tian Ming as non-independent directors for the twelfth board of directors. Both candidates have been nominated by the company's shareholders and approved by the nominations committee and board, with their terms commencing upon approval at the general meeting.