【Jin Hao】Announcement: Board of Directors' Resolution Not to Proceed with the Private Placement of Common Shares Approved at the 2025 Annual General Meeting
Jin Hao announced its decision not to proceed with the issuance of the remaining 7.57 million private placement common shares, part of a plan approved at the 2025 AGM for up to 20 million shares. This is due to the expiration of the private placement plan on June 30, 2026.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 08:29 (29 min after Collected)
1. Date of Board of Directors Resolution Change: May 13, 2026
2. Original Plan Effective Date: June 30, 2025
3. Date of Supplementary Issuance: Not applicable
4. Reason for Change:
(1) The company's Annual General Meeting on June 30, 2025, resolved to approve the private placement of common shares for 2025, with an quota of no more than 20,000 thousand shares, and authorized the Board of Directors to proceed in two tranches within one year from the resolution date of the 2025 Annual General Meeting.
(2) After the company completed the first private placement on October 29, 2025, the remaining quota for private placement common shares is 7,572,400 shares. As this private placement plan is set to expire on June 30, 2026, it will no longer be continued. This matter will be reported at the 2026 Annual General Meeting.
5. Previous Changes to Capital Raising Plans Before and After: Not applicable.
6. Estimated Execution Progress: Not applicable.
7. Estimated Completion Date: Not applicable.
8. Estimated Potential Benefits: Not applicable.
9. Difference from Originally Expected Benefits: Not applicable.
10. Impact of This Change on Shareholders' Equity: Not applicable.
11. Summary of Original Underwriter's Evaluation Opinions: Not applicable.
12. Other Matters to be Specified: None.
2. Original Plan Effective Date: June 30, 2025
3. Date of Supplementary Issuance: Not applicable
4. Reason for Change:
(1) The company's Annual General Meeting on June 30, 2025, resolved to approve the private placement of common shares for 2025, with an quota of no more than 20,000 thousand shares, and authorized the Board of Directors to proceed in two tranches within one year from the resolution date of the 2025 Annual General Meeting.
(2) After the company completed the first private placement on October 29, 2025, the remaining quota for private placement common shares is 7,572,400 shares. As this private placement plan is set to expire on June 30, 2026, it will no longer be continued. This matter will be reported at the 2026 Annual General Meeting.
5. Previous Changes to Capital Raising Plans Before and After: Not applicable.
6. Estimated Execution Progress: Not applicable.
7. Estimated Completion Date: Not applicable.
8. Estimated Potential Benefits: Not applicable.
9. Difference from Originally Expected Benefits: Not applicable.
10. Impact of This Change on Shareholders' Equity: Not applicable.
11. Summary of Original Underwriter's Evaluation Opinions: Not applicable.
12. Other Matters to be Specified: None.