Visionox supervisory board approves 2025 A-share issuance plans

Visionox Technology Co., Ltd.'s supervisory board has formally approved the company's proposed 2025 non-public issuance of A-shares to specific objects, affirming it meets all relevant legal and regulatory conditions. The board concluded that the plan is reasonable, feasible, and aligns with the company's development strategy, enhancing competitiveness and ensuring sustainable growth without harming the interests of the company or its shareholders.

The supervisory board also reviewed and approved the "Visionox Technology Co., Ltd. 2025 Non-Public Issuance of A-Shares to Specific Objects Pre-plan" and the "Visionox Technology Co., Ltd. 2025 Non-Public Issuance of A-Shares to Specific Objects Feasibility Analysis Report." Additionally, the board approved proposed measures to mitigate dilution of immediate returns and the 2025-2027 shareholder return plan, concluding they are fair and beneficial to all stakeholders.

The issuance constitutes a related-party transaction, with subscriber Hefei Jianzhu committing not to transfer shares for 36 months post-issuance. This agreement still requires approval from relevant state-owned assets supervision and management authorities, the company's general meeting of shareholders, and registration with the China Securities Regulatory Commission after review by the Shenzhen Stock Exchange.