【Advanced Epi Technology Inc.】The Board of Directors resolved to terminate the private placement approved at the 2025 Annual General Meeting of Shareholders
Advanced Epi Technology Inc. (AET) announced that its Board of Directors has resolved to terminate the private placement of up to 12 million common shares, which was approved at the 2025 Annual General Meeting. This decision was made as the period for the private placement was approaching its expiry without having been executed.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 08:42 (42 min after Collected)
1.Date of occurrence of the event:2026/05/06
2.Original announcement date:2025/05/07
3.Description of the original announcement:The Company's Board of Directors on 2025/05/07 and the Shareholders' Meeting on 2025/06/25 resolved to approve a private placement of common shares, with the total number of shares not exceeding 12,000 thousand shares, to be carried out in 1 to 3 tranches within one year from the date of the Shareholders' Meeting resolution. The proceeds from the private placement were intended for investing in the development of proprietary products or investing in upstream and downstream industrial supply chains of proprietary products, to ensure the Company's long-term operational development and thereby enhance its industrial competitiveness.
4.Reason for change and main content:Considering that the one-year period for the private placement is approaching its expiry after being approved by the Shareholders' Meeting, and it has not yet been executed, it is proposed to terminate the private placement during the remaining period.
5.Impact on the Company's financial and business operations after the change:None
6.Other matters that should be specified:None
2.Original announcement date:2025/05/07
3.Description of the original announcement:The Company's Board of Directors on 2025/05/07 and the Shareholders' Meeting on 2025/06/25 resolved to approve a private placement of common shares, with the total number of shares not exceeding 12,000 thousand shares, to be carried out in 1 to 3 tranches within one year from the date of the Shareholders' Meeting resolution. The proceeds from the private placement were intended for investing in the development of proprietary products or investing in upstream and downstream industrial supply chains of proprietary products, to ensure the Company's long-term operational development and thereby enhance its industrial competitiveness.
4.Reason for change and main content:Considering that the one-year period for the private placement is approaching its expiry after being approved by the Shareholders' Meeting, and it has not yet been executed, it is proposed to terminate the private placement during the remaining period.
5.Impact on the Company's financial and business operations after the change:None
6.Other matters that should be specified:None