Knowledge Atlas Technology Joint Stock Company Limited will ask shareholders to vote on an extensive agenda at its 2025 annual general meeting scheduled for 22 June 2026 in Beijing. Highlights are as follows:
Key Financial Items • 2025 Profit Distribution: No cash dividend proposed as the Company reported no distributable profit for the year. • Auditor: KPMG nominated for re-appointment with an audit fee capped at RMB 4.50 million.
Capital Management Mandates • Issue Mandate: Directors may issue up to 20% of existing share capital (excluding treasury shares). • Repurchase Mandate: Authorisation to buy back up to 10% of outstanding H shares.
STAR Market A-Share Listing • Share Class & Venue: RMB-denominated ordinary A shares to be listed on Shanghai’s Sci-Tech Innovation Board. • Size: 9.10 million–38.77 million new A shares, equal to 2%–8% of enlarged share capital (before any over-allotment). • Fund-raising Target: Gross proceeds of about RMB 15.00 billion. • Use of Proceeds: – RMB 12.00 billion for development of general-purpose foundational large language models. – RMB 2.00 billion for a MaaS one-stop service platform. – RMB 1.00 billion for working-capital needs. • Underwriting & Timetable: Guotai Haitong Securities to act as sponsor and lead underwriter; issue to be completed within 12 months of CSRC registration. • Stabilisation & Shareholder Returns: A three-year post-listing price-stabilisation plan and dividend policy for the first three years (including the listing year) were disclosed.
2026 Share Award Scheme • Scheme Mandate: Up to 10% of issued share capital (44.58 million H shares) may be used, with a 1% sub-limit for service-provider participants. • Eligibility: Employees, directors, related-entity personnel and independent service providers. • Term: 10 years; vesting generally after 12 months unless specific exceptions apply.
Corporate Governance Updates • Proposed English name change to “Z.AI Co., Ltd.” and corresponding amendments to the Articles of Association. • Adoption or revisions of 12 key governance documents covering shareholder meetings, board procedures, independent-director system, related-party transactions, guarantees, investments and use of raised funds.
Other Matters • Appointment of Mr Xu Wenming as an independent non-executive director. • Engagement of Beijing Tian Yuan Law Firm (PRC legal counsel) and Rongcheng Certified Public Accountants as part of the STAR Market listing team. • Confirmation of related-party transactions with an aggregate value of RMB 0.98 billion for the period 1 January 2023-31 March 2026.
Shareholders on record as of 22 June 2026 are entitled to attend and vote. Proxy forms must be lodged 24 hours before the meeting. The Register of Members will be closed from 16 June 2026 to 22 June 2026, both days inclusive.
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