Kuang-Chi Technologies to hold EGM on December 19

Kuang-Chi Technologies announced its sixth extraordinary general meeting of shareholders for December 19, 2025. The meeting will discuss two primary proposals: the continued use of partially idle raised funds for cash management and the reappointment of the accounting firm. The board of directors approved both resolutions on December 3, 2025.

The company plans to continue using up to 300,000,000 yuan of idle raised funds for cash management for 12 months. This aims to boost efficiency and investment income without affecting project progress. This strategy, reviewed by Guotai Haitong Securities, ensures capital safety by investing in low-risk, principal-protected products like structured deposits and large-denomination certificates of deposit.

Additionally, Kuang-Chi Technologies intends to reappoint Zhengdanzhiyuan (Shenzhen) Certified Public Accountants as its auditor for 2025. The estimated audit fee will not exceed 2,200,000 yuan, representing a change of no more than 20% from the previous period. Both proposals reflect the company’s commitment to optimizing financial resources and maintaining regulatory compliance.