CS&S(SH:600536) Zheng Quan Zhi Xing·2025-08-25 16:19Core Points - The board of directors of China Software and Technology Service Co., Ltd. held its 22nd meeting of the 8th session, where several key resolutions were passed regarding the use of funds and the management of subsidiaries [1][2][3] Group 1: Board Meeting Details - The board meeting was held on August 22, 2025, with all 7 directors present, and was conducted via telecommunication [1] - The meeting was chaired by Chairman Chen Zhihua, with the presence of the supervisory board chairman and other representatives [1] Group 2: Use of Funds - The board approved the use of self-owned funds by its subsidiary, Qilin Software Co., Ltd., to pay for project-related expenses, which will later be replaced by raised funds within six months [2] - A resolution was passed to use up to RMB 1.5 billion of temporarily idle raised funds for cash management, focusing on high-security and liquid investment products [2][3] - The income generated from cash management will be prioritized to cover any shortfall in project investment amounts [3] Group 3: Subsidiary Management - The board approved the dissolution of three wholly-owned subsidiaries: Zhongruan Yuntai, Zhongruan Yunan, and Zhongruan Yunzhen, to reduce management costs and control operational risks [4][5][6] - Zhongruan Yuntai, established in September 2020, had a registered capital of RMB 10 million and reported a net profit of RMB 21,900 as of 2025 [4] - Zhongruan Yunan, founded in June 2001, had a registered capital of RMB 3.5 million and was involved in information security services [5] - Zhongruan Yunzhen, established in July 2020, had a registered capital of RMB 30 million and focused on government digital planning services [6]