Xinjiang Tianfu Energy (SH:600509) Zheng Quan Zhi Xing·2025-08-11 16:19Core Viewpoint - The supervisory board of Xinjiang Tianfu Energy Co., Ltd. has approved the 2025 semi-annual report and related documents, confirming compliance with legal and regulatory requirements, and reflecting the company's operational and financial status for the first half of 2025 [1][2][3]. Group 1: Meeting Decisions - The supervisory board unanimously agreed that the preparation and review procedures of the 2025 semi-annual report and summary comply with all relevant laws, regulations, and internal management systems [1][2]. - The board approved the special report on the storage and use of raised funds for the first half of 2025, with all votes in favor [2][3]. - The board agreed to the provision for credit impairment, which accurately reflects the company's asset status, with unanimous support [3]. Group 2: Financial Adjustments - The company approved a capital reduction of 940 million yuan for its wholly-owned subsidiary, Xinjiang Tianfu Green Energy Photovoltaic Power Co., Ltd., resulting in a decrease in registered capital and capital reserves [3][4]. - The company applied for an additional credit limit of 200 million yuan from China Construction Bank, bringing the total credit limit to 600 million yuan [4]. Group 3: Corporate Actions - The company authorized the application for bankruptcy liquidation of its controlling subsidiary, Xinjiang Tianfu Special Fiber Pulp Manufacturing Co., Ltd., with unanimous support from the supervisory board [8]. - The company approved a supplementary agreement for a total contract amount of 51.7361 million yuan with Kuitun Huaneng Power Construction Co., Ltd. [9].