CFT(SH:603685) Xin Lang Cai Jing·2025-12-01 12:49Core Viewpoint - Zhejiang Chenfeng Technology Co., Ltd. announced the establishment of a special account for raised funds and authorized the signing of a tripartite supervision agreement to ensure the proper use and management of funds raised through a private placement, thereby protecting investors' rights [1][3]. Group 1: Board Meeting Details - The board meeting was held on December 1, 2025, with all nine directors present, and the meeting procedures complied with relevant laws and regulations [2]. - The meeting was convened by Chairman Ding Min and included senior management in attendance [2]. Group 2: Proposal Content - The proposal aims to regulate the management of funds raised through the private placement, following the approval from the China Securities Regulatory Commission on April 7, 2025 [3]. - A special account will be opened at Zheshang Bank's Beijing branch for the management of the raised funds, ensuring dedicated storage and management [3]. - The board authorized the management to handle the opening of the special account and the signing of the supervision agreement [3]. Group 3: Voting Results - The proposal was unanimously approved with 9 votes in favor, and no votes against or abstentions [4]. - The establishment of the special account and the supervision agreement is expected to enhance the management of raised funds and ensure their dedicated use, reflecting the company's commitment to protecting investor rights [4].