Changzhou Shichuang Energy (SH:688429) Zheng Quan Zhi Xing·2025-08-11 11:14Core Points - The board of directors of Changzhou Shichuang Energy Co., Ltd. held its 27th meeting on August 11, 2025, where all 8 attending directors approved several key proposals [1][2][3] Group 1: Board Meeting Details - The meeting was convened by Chairman Fu Liming and complied with relevant laws and regulations, ensuring the legality and validity of the resolutions made [1] - All 8 directors were present, and the meeting included attendance from supervisors and senior management [1] Group 2: Financial Proposals - The board approved a proposal to temporarily use up to RMB 40 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months from the date of approval [1][2] - The proposal received unanimous support with 8 votes in favor and no opposition or abstentions [2] Group 3: Risk Management Initiatives - The board approved the establishment of a "Futures and Derivatives Trading Management System," aimed at regulating trading activities and mitigating risks [2] - The board also approved a proposal for the company and its subsidiaries to engage in commodity futures and foreign exchange hedging to manage price and exchange rate volatility risks [3] - The management team was authorized to implement the hedging activities within the approved limits and timeframe, following the established management system [3]