XUSHENG(SH:603305) Zheng Quan Zhi Xing·2025-08-27 09:59Meeting Overview - The fourth meeting of the Supervisory Board of Ningbo Xusheng Group Co., Ltd. was held on August 27, 2025, with all three supervisors present, complying with relevant laws and regulations [1]. Financial Reporting - The Supervisory Board approved the 2025 Half-Year Report, confirming that the report's preparation and review processes met legal and regulatory requirements, and accurately reflected the company's operational results and financial status [2]. Fund Management - The Board approved a special report on the management and use of raised funds, ensuring compliance with regulatory guidelines [2]. Temporary Fund Usage - The company was authorized to temporarily use part of the idle raised funds to supplement working capital, which does not affect the normal progress of investment projects [3]. Governance Changes - The Board approved the proposal to abolish the Supervisory Board and amend the Articles of Association to enhance corporate governance, with the Audit Committee of the Board taking over the relevant supervisory functions [4].