Dagang shareholders approve investment in integrated circuit subsidiary

Jiangsu Dagang Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on November 19, 2025. Shareholders approved an investment and capital increase for Jiangsu Aike Integrated Circuit Co., Ltd. The meeting, which combined in-person and online voting, recorded 546 attendees representing 287,009,248 shares, or 49.4546% of the company's total voting shares.

The key resolution, "Proposal on External Investment and Capital Increase for Jiangsu Aike Integrated Circuit Co., Ltd.," passed with substantial support. A total of 286,768,548 shares voted in favor, representing 99.9161% of the effective voting shares present. There were 190,700 shares against and 50,000 abstentions. Among small and medium-sized investors, 91.3529% voted in favor.

Lawyers from Jiangsu Shiji Tongren Law Firm affirmed the meeting procedures, attendee qualifications, and resolution outcomes as legal and valid, ensuring compliance with relevant laws and company articles. No proposals were rejected, and no changes to previously approved resolutions were made.