---
title: "The Supervisory Board of Nanjing Chemical Fiber reviewed and approved multiple proposals for significant asset transactions"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/259349926.md"
description: "The 16th meeting of the 11th Supervisory Board of NCFC approved multiple proposals, including a major asset swap and related transaction report for the proposed acquisition of 100% of Nanjing Technology's shares and fundraising. The meeting confirmed that the transaction complies with the relevant regulations of the listed company supervision guidelines and the major asset restructuring management measures, and that related supervisor Zhou Wei abstained from voting, with no need for shareholder meeting review of the proposals"
datetime: "2025-09-29T12:57:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/259349926.md)
  - [en](https://longbridge.com/en/news/259349926.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/259349926.md)
---

# The Supervisory Board of Nanjing Chemical Fiber reviewed and approved multiple proposals for significant asset transactions

On September 29, 2025, the 16th meeting of the 11th Supervisory Board of Nanjing Chemical Fiber was held via communication voting, with 3 supervisors participating in the voting. The meeting reviewed several proposals: first, the proposal on the "Report on Major Asset Replacement, Issuance of Shares and Cash Payment for Asset Purchase and Fundraising for Nanjing Chemical Fiber Co., Ltd. and its Summary" was approved, as the company plans to acquire 100% of Nanjing Technology's shares and raise funds; second, the relevant extended audit report and preparatory review report for this transaction were approved; third, it was confirmed that this transaction complies with Article 4 of the "Guidelines for the Supervision of Listed Companies No. 9"; fourth, it was clarified that this transaction complies with Articles 43 and 44 of the "Administrative Measures for Major Asset Restructuring of Listed Companies." Related supervisor Zhou Wei abstained from voting, and the above proposals do not require the review of the shareholders' meeting as authorized

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