minutes
of meeting
Major Resolutions of Board Meetings
| Date | Meeting Name | Major Resolutions |
|---|---|---|
| Date 2025 / 11 / 13 | Meeting Name 董事會 | Major Resolutions 1.Approved the adjustment of endorsement and guarantee arrangements among the Company’s indirectly wholly-owned subsidiaries. 2.Approved the adjustment of endorsement and guarantee arrangements among the Company’s indirectly wholly-owned subsidiaries. 3.Approved the addition of endorsement and guarantee arrangements among the Company’s indirectly wholly-owned subsidiaries. 4.Approved the addition of endorsement and guarantee arrangements among the Company’s indirectly wholly-owned subsidiaries. 5.Approved the provision of an intercompany financing facility by the subsidiary Tooku Holdings Limited to another group subsidiary, J.D. United Trading Corporation Limited. 6.Approved the reduction of the joint-venture investment amount for the establishment of an industrial park management company in Cambodia. 7.Approved the acquisition of real estate by the Cambodian subsidiary Nagapeace Corporation Limited (“Changtai”). |
| Date 2025 / 08 / 12 | Meeting Name 董事會 | Major Resolutions 1.Approved the cancellation of existing endorsement and guarantee arrangements between the Company’s directly and indirectly wholly-owned subsidiaries, and the addition of new endorsement and guarantee arrangements as required under the credit facility terms. 2.Approved the implementation of a group investment structure adjustment to enhance organizational efficiency and reduce management costs. 3.Approved the establishment of a new subsidiary in Tanzania to increase production capacity in the region, and the appointment of its directors. 4.Approved the appointment of the members of the sixth Compensation Committee. |
| Date 2025 / 06 / 27 | Meeting Name 董事會 | Major Resolutions 1.Approved the election of the Chairperson of the Board. |
| Date 2025 / 05 / 12 | Meeting Name 董事會 | Major Resolutions 1.Approved the review of the actual implementation of the 2024 private placement. 2.Approved adjustments to the provision of endorsements and guarantees among the Company’s indirectly 100%-owned subsidiaries. 3.Approved the provision of short-term intercompany financing by the subsidiary Tien Yun Tech Storage Co., Ltd. to the Company. 4.Approved a capital injection of USD 500,000 into the subsidiaries JDU United (Cayman) Limited and MF Holding Co., Ltd. 5.Approved the plan for the Company’s 2025 private placement of common shares and/or issuance of domestic unsecured convertible bonds. 6.Approved the amendments to the agenda of the 2025 Annual General Shareholders’ Meeting. |
| Date 2025 / 04 / 01 | Meeting Name 董事會 | Major Resolutions 1.Approved the determination of the pricing date, issue price, number of shares, and the record date for the Company’s 2024 second private placement of cash capital increase for the issuance of common shares. 2.Approved the adjustment to increase the investment quota for establishing a Cambodian industrial park management company through a joint-venture Hong Kong holding company. |
| Date 2025 / 03 / 24 | Meeting Name 董事會 | Major Resolutions (1) Approved to set the base date for the Company's capital reduction. (2) Approval of the Company's 2023 financial report. (3) Approve of Company’s 2024 Deficit Compensation. (4) Approved the proposal on convening the 2025 General Meeting of Shareholders. |
| Date 2025 / 03 / 12 | Meeting Name 董事會 | Major Resolutions (1) Approval of the Company's 2024 self-compiled consolidated financial statements. (2) Approval of adjustment of endorsement guarantees among the Company’s wholly-owned indirect subsidiaries. (3) The proposal was passed to apply for cancellation of the original endorsement guarantee between the Company's directly and indirectly wholly-owned subsidiaries, and to apply for new endorsement guarantee based on the bank's credit requirements. (4) Approved the proposal to change the Company's chief financial officer. (5) Approved the proposal to change the head of corporate governance of the Company. |
| Date 2025 / 01 / 23 | Meeting Name 董事會 | Major Resolutions (1) The proposal was passed to convert the loan and debt of RH International Holdings Limited to MF Holding Co., Ltd. into investment in MF, and in line with the Group's investment structure, to increase the capital of JD United (Cayman) Limited by investment valuation. (2) Approved the proposal to provide endorsement guarantee for the loan of its subsidiary J.D. UNITED TRADING CORPORATION LIMITED to cope with operational turnover, and to cancel the endorsement guarantee proposal approved at the 10th Extraordinary Meeting of the 17th Board of Directors on July 9, 2024. (3) Approval of adjustment of endorsement guarantees among the Company’s wholly-owned indirect subsidiaries. |
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