Shanghai Zhongchen Electronic Technology (SH:603275) Zheng Quan Zhi Xing·2025-08-25 16:53Core Viewpoint - The board of directors of Shanghai Zhongchen Electronic Technology Co., Ltd. convened a meeting to review and approve several key proposals, including the 2025 semi-annual report and the use of surplus funds for operational liquidity [1][2][3]. Group 1: Board Meeting Details - The second session of the board meeting was held on August 22, 2025, with all seven directors present, complying with legal and regulatory requirements [1]. - The meeting's agenda included the review of the 2025 semi-annual report, which was confirmed to be accurate and complete [1][2]. Group 2: Financial Reports and Fund Management - The board approved the 2025 semi-annual report and its summary, ensuring compliance with relevant regulations and internal rules [2]. - A special report on the storage and actual use of raised funds was also approved, confirming no violations in fund management [2]. - The board agreed to use surplus funds amounting to 212.6831 million yuan (including interest income and investment returns) to permanently supplement working capital, which represents 28.50% of the total surplus funds [2][3]. Group 3: Cash Management and Project Updates - The board approved the use of up to 700 million yuan of idle raised funds for cash management, valid for 12 months from the date of approval by the upcoming shareholder meeting [4]. - A proposal to extend the timeline for certain fundraising project implementations was also approved, with no changes to the investment content or total amount [5]. Group 4: Governance Changes - The board approved the cancellation of the supervisory board and the revision of the company’s articles of association to enhance governance in line with new legal requirements [6][7]. - The board also agreed to revise internal governance systems, ensuring compliance with relevant laws and regulations [7][8].