Appo(SH:688007) Zheng Quan Zhi Xing·2025-08-29 14:21Meeting Overview - The third meeting of the third Supervisory Board of Shenzhen Guangfeng Technology Co., Ltd. was held on August 28, 2025, with all three members present, and the meeting was deemed legally valid [1]. Financial Reports - The Supervisory Board approved the 2025 Half-Year Report and its summary, confirming that the report accurately reflects the company's financial status and operational results for the first half of 2025 [1][2]. - The board also approved the Special Report on the Storage and Use of Raised Funds for the first half of 2025, affirming compliance with relevant regulations and confirming that the use of funds aligns with previously disclosed information [2]. Governance Changes - The board approved a proposal to abolish the Supervisory Board and amend the company's Articles of Association, transferring the supervisory responsibilities to the Audit Committee of the Board [2][3]. - This decision aims to enhance the corporate governance structure in line with the latest legal requirements and the company's operational needs [3]. Stock Incentive Plans - The board approved adjustments to the grant price of the restricted stock incentive plan, ensuring compliance with relevant regulations and protecting shareholder interests [4]. - A proposal to void certain unvested restricted stocks from the 2022 incentive plan was also approved, affecting those who no longer qualify as incentive recipients [5]. - The board confirmed that the conditions for the second vesting period of the 2022 restricted stock incentive plan have been met, allowing for the registration of 33,290 shares for five eligible recipients [6]. - Additionally, the board approved the voiding of unvested stocks from the 2021 second phase incentive plan, totaling 414,000 shares, due to non-qualification of certain recipients [8]. Fund Management - The board approved the permanent allocation of remaining excess funds from the initial public offering project to supplement working capital, which is expected to enhance the efficiency of fund utilization [9][10].