SMTC(SH:600822) Zheng Quan Zhi Xing·2025-08-29 17:46Group 1 - The board of directors of Shanghai Material Trade Co., Ltd. held its 20th meeting of the 10th session on August 29, 2025, via telecommunication voting, with all 9 directors present [1][2] - The board approved the 2025 semi-annual report, with unanimous consent from all directors [1][2] - The board approved the addition of non-independent director Ren Bo to the remuneration and assessment committee [1][2] Group 2 - The board approved the liquidation and deregistration of Shanghai Bailian Second-hand Vehicle Operating Co., Ltd., a wholly-owned subsidiary with a registered capital of 750,000 RMB, which has had no actual business since 2023 [2] - The board also approved the liquidation and deregistration of Shanghai Bailian Used Vehicle Brokerage Co., Ltd., another wholly-owned subsidiary with a registered capital of 200,000 RMB, which has similarly had no actual business since 2023 [2] - The board reviewed and approved the risk continuous assessment report of Bailian Group Financial Limited Liability Company, which was previously approved by the independent directors [2][3]