Shanghai Precise Packaging outlines 2025 audit plan, proposes major financial moves

Shanghai Precise Packaging announced the proposed reappointment of Rongcheng Certified Public Accountants (Special General Partnership) as its audit firm for 2025, pending shareholder approval. This decision aims to maintain audit work continuity and stability. The board also approved several key proposals for 2026, including an estimated 7,300.00 million yuan in daily related-party transactions and projected external guarantees of up to 150.00 billion yuan for the company and its subsidiaries.

Additionally, the company plans to provide financial assistance totaling up to 60.00 billion yuan to its controlled subsidiaries to support their project construction and operations. Furthermore, the board authorized the use of up to 50.00 billion yuan of temporarily idle self-owned funds for wealth management. To address these proposals, the board has called for a second extraordinary general meeting on December 29, 2025, which will combine on-site voting with online polling.

The board also approved amendments to the company’s Articles of Association. All related-party transactions and financial assistance provisions are designed to meet operational needs and are based on fair market prices, with no detriment to shareholder interests.