Iflytek shareholders approve 2025 private placement plan

Iflytek shareholders overwhelmingly approved the company's proposed A-share private placement plan and related resolutions during its Second Extraordinary General Meeting of Shareholders in 2025. The meeting, held on October 15, 2025, in Hefei, Anhui Province, received a legal opinion from Anhui Tianhe Law Firm, confirming that the convening, procedures, and resolutions were in compliance with relevant laws and the company’s articles of association.

Key resolutions passed include the adjustment of the 2025 A-share private placement plan, the revised private placement preliminary proposal, the feasibility analysis report for the use of raised funds, and measures concerning the dilution of immediate returns. All proposals received over 98% approval from valid voting shares, with independent small and medium shareholders also showing strong support. For example, the adjustment to the private placement plan was approved by 98.5493% of valid voting shares, and 97.3698% of small and medium shareholders.

Chairman Liu Qingfeng, an associated party due to his control over Anhui Yanzhi Technology Co. Ltd., abstained from voting on all private placement resolutions. The meeting saw 2,228 shareholders participating, representing 33.6115% of the company's total voting shares, through a combination of in-person and online voting.