Iflytek shareholders approve equity offerings, private placement plans

Iflytek Co., Ltd. held its first extraordinary general meeting of shareholders for 2025 on September 9, 2025, where all proposed resolutions were passed without rejection. Shareholders approved the "Report on the Use of Previous Raised Funds," with 857,001,989 votes in favor, representing 99.0551% of effective voting shares.

A series of proposals related to the 2025 private placement of A-share stock, including the type and par value of shares, issuance method and timing, target subscribers, pricing, and issuance volume, received two-thirds majority approval. For instance, the "Issuance Method and Time" was approved with 596,631,399 votes (98.5119% in favor). Additionally, the use of proceeds from the fundraising and the listing location for the shares were also approved with high majorities.

Other resolutions, such as the company's eligibility for a private placement, the A-share stock issuance plan, the feasibility report on the use of raised funds, the share subscription agreement, and the report on the dilution of immediate returns, also passed with over two-thirds of the effective voting shares. The meeting also granted authorization to the board of directors to manage matters related to the private placement and approved revisions to the "Management Measures for Raised Funds."