Kent Catalyst (603120) Board of Directors Approves Multiple Proposals Involving Fundraising Project Adjustments and Governance System Improvements

[Financial News] Kent Catalytic Materials Co., Ltd. (Stock Code: 603120, Stock Abbreviation: Kent Catalytic) announced the resolution of the 10th meeting of the fourth board of directors on March 13. The meeting was held both on-site and via communication, and approved several important proposals, including adjustments to the fundraising investment projects, the formulation of corporate governance systems, and the convening of an extraordinary shareholders’ meeting.

The announcement shows that nine directors were expected to attend the meeting, and all nine attended and voted. The meeting was chaired by Mr. Xiang Feiyong, the chairman, with senior management present. The procedures for convening, holding, and voting at the meeting complied with relevant laws, regulations, and the company’s articles of association, making the resolutions legal and valid.

Fundraising Project Adjustment Proposal to Be Submitted for Shareholders’ Approval

The meeting approved the “Proposal on Product Structure Adjustment, Internal Investment Structure Adjustment, and Extension of Fundraising Investment Projects,” which has been reviewed and approved by the company’s Strategy Committee and will be submitted to the shareholders’ meeting for approval. Specific details of the adjustments will be announced in a separate notice issued by the company on the same day.

Improving Corporate Governance System with Four New Management Policies

To further standardize corporate governance and improve management levels, the board approved the “Proposal on Formulating Certain Corporate Governance Systems,” adding four new management policies, as follows:

Decided to Hold the First Extraordinary Shareholders’ Meeting of 2026

According to the proposal, the company will hold the first extraordinary shareholders’ meeting of 2026. The specific date and agenda will be announced in the subsequent “Notice of the First Extraordinary Shareholders’ Meeting of 2026.”

Kent Catalytic stated that the approval of these proposals will help optimize resource allocation, improve governance structure, and promote the company’s sustainable and healthy development. The market will closely monitor the specific details of the fundraising project adjustments and the results of the subsequent shareholders’ meeting.

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