DHPI(SH:603856) Zheng Quan Zhi Xing·2025-08-27 16:41Meeting Overview - The 21st meeting of the 4th Board of Directors of Shandong Donghong Pipe Industry Co., Ltd. was held on August 26, 2025, with all 9 directors present [1] - The meeting was convened by Chairman Ni Liying and complied with the Company Law and Articles of Association [1] Financial Reports - The Board approved the 2025 Half-Year Report and its summary with a unanimous vote of 9 in favor [2] - The report was previously reviewed by the Audit Committee and does not require submission to the shareholders' meeting [2] Fund Management - The Board approved the Special Report on the Storage and Use of Raised Funds for the first half of 2025, also with a unanimous vote of 9 in favor [2] - This report was similarly reviewed by the Audit Committee and does not require shareholder approval [2] Impairment Provisions - The Board approved the proposal for impairment provisions for the first half of 2025, with a unanimous vote of 9 in favor [3] - The provisions were deemed to comply with accounting standards and reflect the company's financial status accurately [3] Related Party Transactions - The Board approved an increase in the estimated daily related party transactions for 2025, with 7 votes in favor, 0 against, and 2 abstentions [3] - The transactions are based on normal business operations and will not adversely affect the company's financial status [3] Profit Distribution - The Board approved the profit distribution plan for the first half of 2025 with a unanimous vote of 9 in favor [4] - The plan aligns with the company's profit distribution policy and is within the scope of the mid-term dividend authorization from the 2024 annual shareholders' meeting [4] Governance Changes - The Board approved the cancellation of the Supervisory Board and the revision of the Articles of Association with a unanimous vote of 9 in favor [5] - The Audit Committee will assume the responsibilities of the Supervisory Board, and relevant governance documents will be updated accordingly [5] Governance System Updates - The Board approved the formulation and revision of certain governance systems with a unanimous vote of 9 in favor [6] - These updates aim to enhance the company's governance structure and ensure compliance with legal regulations [6] Shareholders' Meeting - The Board approved the convening of the first temporary shareholders' meeting of 2025 on September 12, 2025, with a unanimous vote of 9 in favor [7] - The meeting will address matters requiring shareholder approval, including those discussed in the Board meeting [7]