The Board of Directors (BOD) of TVS has passed a resolution approving the implementation of a stock offering plan to existing shareholders. The purpose of this offering is to increase the company’s charter capital, supporting business operations and future development investments. The resolution specifies the number of shares to be offered, the offering price, and the timeline for execution. Additionally, the BOD emphasizes the use of the funds raised from the offering to strengthen the company’s financial capacity, improve asset structure, and facilitate the expansion of operational scale.
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