Zheng Quan Zhi Xing·2025-05-29 12:08Meeting Overview - The third meeting of the Supervisory Board of Beijing Yihua Technology Co., Ltd. was held on May 29, 2025, with all three supervisors present, complying with relevant laws and regulations [1]. Agenda Items Termination of Fundraising Project - The Supervisory Board approved the termination of a simplified procedure for issuing stocks to specific targets, stating that this decision was made based on market changes and actual operational needs, and it would not adversely affect the company's R&D and business operations [1][2]. - The decision followed necessary procedures and complied with regulatory requirements, ensuring no harm to the interests of the company and its shareholders [1]. Use of Excess Fundraising Proceeds - The Supervisory Board approved the use of part of the excess fundraising proceeds to repay bank loans, which is expected to improve the efficiency of fund usage and reduce financial costs, aligning with the interests of the company and all shareholders [2]. - This decision also complied with relevant laws and regulations, and the procedures followed were deemed legal and effective [2].