Wuxi Shangji Automation boosts capital, sets board election

Wuxi Shangji Automation announced an increase in its registered capital from 679,022,202 yuan to 683,076,802 yuan. This follows the initial grant of 4.0546 million restricted shares under its 2025 restricted stock incentive plan. This change necessitates a revision to Articles VI and XVIII of the company’s Articles of Association, which will be submitted for shareholder approval.

Additionally, the company will hold its second extraordinary general meeting of 2025 on December 26 to elect the fifth board of directors, as the current board's term expires on December 27. The proposed board will consist of seven directors, including four non-independent (including one employee director) and three independent directors. Candidates for non-independent directors include Mr. Yang Jianliang, Ms. Hang Hong, and Mr. Yang Hao, while independent director candidates are Mr. Zhu Xiangjun, Mr. Wu Ge, and Mr. Ji Weixi.

Shareholders will vote on these matters using a cumulative voting system for director elections, with both online and in-person voting options available. The board's nominating committee has already reviewed and approved the proposed candidates.