SFX(SH:600370) Zheng Quan Zhi Xing·2025-08-26 16:23Core Viewpoint - Jiangsu Sanfangxiang Composite Materials Co., Ltd. held its 11th Supervisory Board meeting, where several key resolutions were passed, including the approval of the 2025 semi-annual report and the decision to abolish the supervisory board, transferring its powers to the audit committee of the board of directors [1][2][3] Meeting Details - The meeting was held on August 25, 2025, with all three supervisors present, and was chaired by Mr. Xue Zhenghui [1] - The meeting notification was sent out on August 14, 2025, via phone and email [1] Resolutions Passed - The full and summary version of the 2025 semi-annual report was approved, with all votes in favor [2] - A special report on the storage and actual use of raised funds for the first half of 2025 was also approved, with unanimous support [2] - The proposal to conclude certain fundraising projects from the public issuance of convertible bonds and to permanently supplement working capital with surplus funds was passed, pending approval from the shareholders' meeting [2] - The resolution to abolish the supervisory board and amend the company's articles of association was approved, with the supervisory board's powers being transferred to the audit committee of the board of directors, also pending shareholder approval [2][3]