[Zhongda-KY] The Company intends not to proceed with the private placement of securities passed by the 2025 Annual Shareholders' Meeting upon its expiration
Zhongda-KY announced that its Board of Directors has resolved not to proceed with the private placement of securities that was approved by the 2025 Annual Shareholders' Meeting, considering the approaching deadline and current economic conditions. This private placement was intended to introduce strategic investors.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 09:17 (1h 17m after Collected)
1. Date of Board of Directors' resolution change: 115/04/28 (April 28, 2026)
2. Original planned effective date of declaration: 114/06/16 (June 16, 2025)
3. Date of additional issuance: Not applicable
4. Reason for change:
(1) The Company's Annual Shareholders' Meeting on June 16, 2025, approved the private placement of common shares through cash capital increase, within a limit of 6,000 thousand shares, to introduce strategic investors, and authorized the Board of Directors to proceed in 4 installments within one year of the shareholders' meeting resolution.
(2) In accordance with Article 43-6 of the Securities and Exchange Act, private placement of securities should be completed within one year from the date of the shareholders' meeting resolution. However, considering that the deadline is approaching and the current economic situation, it is proposed to the Board of Directors to approve the decision not to proceed with this private placement of common shares upon its expiration, and to report it to the 2026 Annual Shareholders' Meeting.
5. Previous and current capital raising plans before and after changes: Not applicable
6. Estimated progress of execution: Not applicable
7. Estimated completion date: Not applicable
8. Estimated potential benefits: Not applicable
9. Difference from original estimated benefits: Not applicable
10. Impact of this change on shareholders' equity: Not applicable
11. Summary of evaluation opinion from original lead underwriter: Not applicable
12. Other matters to be specified: None
2. Original planned effective date of declaration: 114/06/16 (June 16, 2025)
3. Date of additional issuance: Not applicable
4. Reason for change:
(1) The Company's Annual Shareholders' Meeting on June 16, 2025, approved the private placement of common shares through cash capital increase, within a limit of 6,000 thousand shares, to introduce strategic investors, and authorized the Board of Directors to proceed in 4 installments within one year of the shareholders' meeting resolution.
(2) In accordance with Article 43-6 of the Securities and Exchange Act, private placement of securities should be completed within one year from the date of the shareholders' meeting resolution. However, considering that the deadline is approaching and the current economic situation, it is proposed to the Board of Directors to approve the decision not to proceed with this private placement of common shares upon its expiration, and to report it to the 2026 Annual Shareholders' Meeting.
5. Previous and current capital raising plans before and after changes: Not applicable
6. Estimated progress of execution: Not applicable
7. Estimated completion date: Not applicable
8. Estimated potential benefits: Not applicable
9. Difference from original estimated benefits: Not applicable
10. Impact of this change on shareholders' equity: Not applicable
11. Summary of evaluation opinion from original lead underwriter: Not applicable
12. Other matters to be specified: None