Organic Tea Cosmetic Calls Shareholders' Meeting: Losses Widen, Board Seeks 200% Share Issuance Authority

2025 consolidated revenue CNH 927M (+6.4% YoY) but net loss CNH 368M (widen from CNH 251M loss in 2024)
Total equity CNH 1,320M (down from CNH 1,333M), retained earnings deficit CNH 308M (swing to negative)
Stock split 50:1 (251,004,876 shares → 5,020,097 shares, no change in capital)
Board delegation to issue new shares/bonds up to 200% of outstanding shares → potential massive dilution
Articles amendment: independent director requirement (1/4 to 1/3), share issuance limit expanded from 100% to 200%
Director compensation limit CNH 10M, auditor compensation limit CNH 1M to be approved
No dividend plan (no dividends for 2024-2025)

ADVERTISEMENT (250px+)