WGQ(SH:600648) Zheng Quan Zhi Xing·2025-03-25 11:57Core Points - The company held its 8th meeting of the 11th Board of Directors on March 25, 2025, with all 9 directors present, confirming the legality and validity of the meeting [1] - The board approved the establishment of a special account for funds raised from a specific stock issuance, aimed at ensuring proper management and protection of investor interests [1] - The raised funds will be allocated for new development projects and to supplement working capital, including repayment of bank loans and daily operational expenses [1] Summary by Sections - Meeting Details - The meeting was convened via electronic and written notifications, with all directors present [1] - The meeting complied with relevant laws and regulations [1] - Resolution Passed - The board approved the proposal to open a special account for the management of funds raised from the stock issuance [1][2] - The proposal was reviewed and approved by the independent directors before being submitted to the board [2] - Use of Funds - Funds will be used for specific projects including H2 land development, general factory projects, and to supplement working capital [1] - The company will sign a regulatory agreement with the bank and sponsor to oversee the use of these funds [1]