Group 1 - The company held its 19th meeting of the 4th Board of Directors on August 5, 2025, with all 7 directors present, including 4 via communication [1] - The Board approved a proposal to provide a bank credit guarantee of up to RMB 400 million for its wholly-owned subsidiary, Shangqiu Yanpai New Materials Co., Ltd., to support project construction and operational funding [1][2] - The Board also approved a proposal to use up to RMB 200 million of temporarily idle raised funds for cash management to enhance fund utilization efficiency, with the funds to be returned to the raised funds account upon maturity [2][3] Group 2 - The Board unanimously agreed to convene the 2025 third extraordinary general meeting of shareholders on August 22, 2025 [3]
严牌股份: 第四届董事会第十九次会议决议公告