Injet Electric updates shareholder returns, governance, adjusts capital

Sichuan Injet Electric has updated its shareholder return plan for 2025-2027, prioritizing cash dividends of at least 10% of distributable profits annually. The company will differentiate dividend policies based on its development stage and capital needs. Concurrently, the company is adjusting its registered capital to 22,225.3008 million yuan, following share repurchases and restricted stock vesting.

Injet Electric is also reforming its corporate governance structure, increasing its board from seven to nine members, including one employee representative director and one additional non-independent director. Additionally, the company will implement a new independent director system with enhanced responsibilities for oversight and protecting minority shareholder interests.

The company is also engaging in foreign exchange hedging to mitigate currency risks, approving up to 200 million yuan for such activities. Furthermore, Injet Electric announced the completion of its new energy vehicle charging pile project, with remaining raised funds of 48.8835 million yuan reallocated to permanent working capital. The company also detailed the cancellation and vesting of restricted shares from its 2023 incentive plan due to employee departures and unmet performance targets, resulting in 92,600 restricted shares being canceled and 661,200 shares vesting.