Sinoma International: Intends to publicly issue corporate bonds not exceeding 2 billion and revise the related party transaction rules.

date
01/11/2025
China Materials International announced that the company's fifth extraordinary general meeting of shareholders in 2025 will be held on November 10th to consider four proposals. The first is that the company meets the conditions for publicly issuing corporate bonds; the second is to register and publicly issue corporate bonds with a registered amount not exceeding 2 billion yuan, with a maturity not exceeding 10 years, to be used for daily production and operation purposes; the third is to request the shareholders' meeting to authorize the board of directors and related parties to handle matters related to bond issuance and listing; and the fourth is to revise the "Related Party Transaction Management System" to include removing content relating to supervisors and updating regulatory references. The resolution for the public issuance of corporate bonds is valid for 12 months from the date of approval by the shareholders' meeting.