Gaona Aero Material maintains stable operations, approves key divestments

Huatai United Securities Co. Ltd.'s semi-annual follow-up report for Beijing GRINM Advanced Materials Co. Ltd. (Gaona Aero Material) for 2025 highlights the company’s adherence to information disclosure requirements, robust internal controls, and effective management of raised funds. All significant aspects, including information disclosure, establishment and execution of internal systems, board and shareholder operations, and asset management, were deemed to have "no issues." The report also confirmed the consistent fulfillment of shareholder commitments, including share lock-up and related party transactions.

Separately, Gaona Aero Material held its second extraordinary general meeting of shareholders for 2025 on September 10, 2025. During the meeting, shareholders approved three key resolutions. These included the company's decision to waive its pre-emptive right in Qingdao GRINM New Material Technology Development Co. Ltd. and to transfer a 5% equity stake in GRINM Dahui Private Equity Fund Management Co. Ltd.

Additionally, shareholders approved the transfer of a 10% equity stake in Qingdao Gaona Technology Co. Ltd. All three resolutions passed with overwhelming support, with 98.91%, 98.89%, and 98.82% of valid votes in favor, respectively. As an affiliated party, China GRINM Group Co. Ltd. abstained from voting on these resolutions.