Aiko Solar proposes capital increase, board restructure

Shanghai Aiko Solar Energy (SSE:600732) announced an increase in its registered capital to 2,117,249,923 yuan from 1,826,003,451 yuan. This change is driven by the exercise of stock options and a private placement of 290,939,318 A-shares. The private placement proceeds were fully received by September 10, 2025, with new shares registered by September 22, 2025.

The company plans to abolish its supervisory board, with its functions to be absorbed by the board of directors' audit committee. Concurrently, the company will revise its articles of association, shareholder meeting rules, and board of directors meeting rules to enhance corporate governance. Shareholders are also scheduled to vote on new governance policies, including those for external investments, external guarantees, and related-party transactions.

Furthermore, the company proposes the election of new directors for its tenth board of directors, with four non-independent and three independent director candidates nominated. These candidates include Chen Gang, Liang Qijie, Xu Xinfeng, and Shen Yu for non-independent roles, and He Min, Fang Fang, and Lao Lanjun for independent director positions.