Meeting Overview - The fourth meeting of the Supervisory Board of Demar Technology Group Co., Ltd. was held on August 25, 2025, with all three supervisors present, confirming the legality and validity of the meeting [1]. Financial Reporting - The Supervisory Board approved the 2025 semi-annual report, affirming that the report's preparation and review complied with legal and regulatory requirements, and accurately reflected the company's operational and financial status without any misleading statements or omissions [1][2]. - The voting result for the semi-annual report was unanimous, with 3 votes in favor and no opposition or abstentions [2]. Fund Management - The Supervisory Board approved the special report on the storage and use of raised funds for the first half of 2025, confirming compliance with relevant regulations and no misuse of funds that could harm shareholder interests [2]. - The voting result for the fund management report was also unanimous, with 3 votes in favor and no opposition or abstentions [2]. Stock Incentive Plan - The Supervisory Board approved the cancellation of certain restricted stocks from the 2022 stock incentive plan, stating that this action complied with legal regulations and did not harm shareholder interests [2][3]. - The voting result for the stock incentive plan was unanimous, with 3 votes in favor and no opposition or abstentions [3].

Group 1 - The company held its 12th meeting of the third Supervisory Board on August 14, 2025, with all three supervisors participating in the voting, ensuring the meeting's legality and validity [1][2] - The Supervisory Board approved the 2025 semi-annual report and its summary, confirming that the report's content and format comply with regulations and accurately reflect the company's operational and financial status for the first half of 2025 [1][2] - The profit distribution plan for 2025 was approved, which considers the company's development stage and future funding needs, ensuring no harm to minority shareholders [2][3] Group 2 - The Supervisory Board approved a special report on the use and management of raised funds for the first half of 2025, confirming its accuracy and compliance with relevant regulations [2][3] - A proposal to cancel the Supervisory Board and amend the company's articles of association was approved, in line with the revised Company Law and regulations from the China Securities Regulatory Commission [3] - The company plans to increase its total share capital from 250,061,583 shares to 350,086,216 shares through a capital reserve transfer, with the specifics to be confirmed by the China Securities Depository and Clearing Corporation [3]

Core Points - Zhejiang Shuangyuan Technology Co., Ltd. has reported on the status of its fundraising activities for the first half of 2025, detailing the amount raised, its usage, and the remaining balance [2][5][10]. Fundraising Overview - The company raised a total of RMB 186,122.39 million by issuing 14,785,700 shares at RMB 125.88 per share, with a net amount of RMB 166,635.87 million after deducting fees [2][5]. - As of June 30, 2025, the actual usage of the raised funds amounted to RMB 71,130.89 million, leaving a balance of RMB 102,843.21 million [5][10]. Fund Usage and Balance - The breakdown of the usage of funds includes: - Project investments: RMB 33,143.03 million - Net interest income: RMB 6,015.58 million - Permanent working capital supplementation: RMB 30,400.00 million - Share repurchase: RMB 3,200.00 million [5][10]. - The remaining balance in the fundraising account as of June 30, 2025, is RMB 80,043.21 million, with an actual surplus of RMB 22,800.00 million [5][10]. Fund Management - The company has established a dedicated fund management system to ensure the effective use of raised funds, complying with relevant regulations [5][6]. - As of June 30, 2025, the company has five dedicated fundraising accounts with a total balance of RMB 800,432,097.27 [6][9]. Investment Projects - The actual investment in fundraising projects includes: - Smart Measurement and Control Equipment Production Base Project - R&D Center Project - Marketing Network and Technical Support Center Construction Project - Supplementing working capital and share repurchase [5][10]. - The company has not engaged in any early investment or replacement of fundraising projects during the reporting period [6][10]. Cash Management - The company has approved the use of up to RMB 800 million of temporarily idle funds for cash management, investing in safe and liquid financial products [7][8]. - As of June 30, 2025, the balance of temporarily idle funds under cash management is RMB 22,800.00 million [7][8].

Group 1 - The 10th meeting of the 9th Supervisory Board of Zhejiang Chunhui Intelligent Control Co., Ltd. was held on August 22, 2025, with all three supervisors present, complying with relevant laws and regulations [1] - The Supervisory Board approved the company's 2025 semi-annual report and its summary, confirming that the report accurately reflects the company's operational status without any false records or misleading statements [1][2] - The Supervisory Board also approved the special report on the storage and use of raised funds for the first half of 2025, affirming compliance with regulations and no harm to the interests of shareholders [2][3] Group 2 - The Supervisory Board reviewed and approved the summary of non-operating fund occupation and other related fund transactions, confirming no fund occupation by controlling shareholders or related parties during the reporting period [3]

Meeting Overview - The second meeting of the supervisory board of Changchun Zhiyuan New Energy Equipment Co., Ltd. was held on August 23, 2025, with all three supervisors present, confirming the legality and validity of the meeting procedures [1][2]. Financial Reporting - The supervisory board approved the 2025 semi-annual report, affirming that it accurately reflects the company's financial status and operational results without any false records or misleading statements [1][2]. - The board also confirmed that the company has complied with relevant regulations regarding the use of raised funds, with no violations reported [2][3]. Asset Impairment - The supervisory board agreed that the company's provision for asset impairment is in accordance with accounting standards and accurately reflects the company's asset status and operational results, ensuring no harm to the interests of shareholders, especially minority shareholders [2][3]. Credit Facilities - The company applied for a credit facility of up to RMB 85 million from CITIC Bank and RMB 100 million from China Everbright Bank, with the credit limits being renewable within specified timeframes [3][4]. - Personal guarantees were provided by the company's major shareholders, ensuring that the transaction does not negatively impact the company's financial status or independence [4][5].

Fundraising Overview - The company raised a total of RMB 948.5 million by issuing 50 million shares at RMB 18.97 per share, with net proceeds amounting to RMB 889.57 million after deducting issuance costs of RMB 58.93 million [1][4] - The funds were allocated to various projects, including RMB 112.74 million for replacing pre-invested funds, RMB 200.37 million for project investments, and RMB 123.70 million for working capital [1][4] Fund Management - The company established a dedicated account for managing the raised funds, adhering to regulations and guidelines to ensure proper usage and efficiency [1][2] - A tripartite supervision agreement was signed with banks and the underwriter to ensure the funds are used specifically for their intended purposes [1][2] Fund Usage and Adjustments - As of June 30, 2025, the company had one dedicated fundraising account with a balance of RMB 2.26 million [3] - The company approved the temporary use of up to RMB 170 million of idle funds for working capital and cash management, with a commitment to return the funds to the dedicated account within 12 months [5][6] - A significant portion of the funds was redirected from the terminated "Green Eco-Friendly Paper Packaging Online Customization Smart Factory Project" to the new "Annual Production of 500,000 Tons of Packaging Paper Equipment Upgrade Project" due to changes in market conditions [4][8] Project Performance - The company reported that the "Annual Production of 90 million square meters of Carton Packaging Materials Expansion Project" and "Green Eco-Friendly Digital Inkjet Printing Paper Packaging Smart Factory Project" did not meet expected production capacity due to market demand fluctuations [4][8] - The company has extended the construction timeline for the new project to April 2026, following careful planning and adjustments to ensure quality and compliance with regulations [8]

Core Viewpoint - The report details the usage and status of previously raised funds by the company, confirming that all funds from the 2019 private placement and the GDR issuance have been fully utilized as of December 31, 2024 [1][4]. Fundraising and Usage - In 2019, the company raised a total of approximately 2.42 billion RMB through a private placement of 634,793,184 shares at a price of 3.82 RMB per share [1]. - As of December 31, 2024, all accounts related to the 2019 fundraising have been closed with a balance of 0 RMB [1]. - The total amount raised from the GDR issuance was approximately 3.81 million USD, with net proceeds after fees amounting to about 2.51 billion RMB [2][3]. Fund Allocation and Changes - The company has reallocated part of the previously planned investment in the "Power Battery Ternary Cathode Material Project" to support the "Indonesian Nickel Ore Production Battery-grade Nickel Chemical Project" and to supplement working capital [1][3]. - Approximately 50% of the GDR funds were allocated to support the Indonesian nickel resource base, while 30% was used for working capital in overseas operations [3]. Project Performance and Compliance - The actual investment amount for previous fundraising projects matched the commitments made, with no discrepancies reported [1][2]. - The company has confirmed that there are no projects that have been transferred or replaced using the raised funds [1][2]. Financial Performance - The total amount of funds used from the 2019 private placement was approximately 239.89 million RMB, with a portion of 64.55 million RMB being reallocated [5]. - The company reported that the cumulative returns from the projects funded by the previous fundraising efforts did not fall below 20% of the promised returns [2].

Meeting Overview - The sixth meeting of the eighth Supervisory Board of the company was held, with all three supervisors present, and the meeting complied with relevant laws and regulations [1][2]. Profit Distribution Proposal - The Supervisory Board approved the profit distribution proposal for the first half of 2025, which includes a cash dividend of RMB 0.6 per 10 shares, totaling RMB 45,233,022.36, based on the current total share capital of 753,883,706 shares [1][2]. Fund Usage Report - The Supervisory Board approved the special report on the storage and usage of raised funds for the first half of 2025, which complies with relevant regulations [2][3]. Risk Assessment Report - The Supervisory Board approved the risk assessment report for Baowu Group Financial Co., which was conducted in accordance with regulatory requirements, and the conclusions were deemed to reflect the actual situation [3][4]. Half-Year Report - The Supervisory Board approved the 2025 half-year report, confirming that the report was prepared in accordance with legal and regulatory requirements and accurately reflects the company's situation [3][4].

Group 1 - The board of directors of Jingrui Electronic Materials Co., Ltd. held its eighth meeting of the fourth session, with all nine directors present, ensuring compliance with legal and regulatory requirements [1] - The board approved the 2025 semi-annual report and the special report on the use of raised funds, with unanimous support from all directors [2][3] - The company proposed a cash dividend of 0.10 yuan (including tax) per share based on the total share capital of 1,059,574,198 shares as of June 30, 2025, without capital reserve conversion or stock distribution [2][3] Group 2 - The board plans to hold a temporary shareholders' meeting on September 16, 2025, to review the proposals that require shareholder approval [4] - The company will adjust the total cash dividend amount if there are changes in total share capital before the implementation of the profit distribution plan, maintaining the distribution ratio [2][3]

Group 1 - The company held a supervisory board meeting on August 22, 2025, with all three supervisors present, confirming the legality and validity of the meeting procedures [1] - The supervisory board approved the 2025 semi-annual report, stating that it was prepared in accordance with legal and regulatory requirements, and accurately reflects the company's financial status [1][2] - The board also confirmed that there were no violations in the use of raised funds, and the disclosure of the fund's storage and usage was timely and accurate [2] Group 2 - The supervisory board agreed on the provision for asset impairment, stating it was in line with accounting standards and company policies, ensuring a fair representation of the company's asset value [2][3] - The decision regarding the asset impairment provision was unanimously approved by the board, with no votes against or abstentions [3]