Core Viewpoint - Guangdong Hongtu Technology Co., Ltd. has decided to continue using temporarily idle raised funds for cash management, ensuring compliance with relevant regulations and maintaining the safety of funds [2][6]. Group 1: Supervisory Board Meeting - The 23rd meeting of the 8th Supervisory Board was held on August 12, 2025, with all three participating supervisors present, confirming the legality of the meeting [1]. - The Supervisory Board approved the proposal to continue using temporarily idle raised funds for cash management, not exceeding 1.1 billion yuan [2]. Group 2: Board of Directors Meeting - The 59th meeting of the 8th Board of Directors took place from August 11 to 12, 2025, with all eight directors present, validating the meeting's legality [5]. - The Board approved the same proposal regarding the use of temporarily idle raised funds for cash management, with unanimous support [6]. - Additionally, the Board approved a proposal for a controlling subsidiary to engage in factoring financing business and related transactions, which had been reviewed and agreed upon by independent directors [6].

Core Viewpoint - The company is holding its fourth extraordinary general meeting of shareholders in 2025 to discuss the election of independent directors and the proposal for factoring financing business and related transactions. Group 1: Election of Independent Directors - The resignation of independent director Qiu Yunliang was submitted on July 28, 2025, due to personal reasons [1] - The board of directors proposed Guan Tianwu as a candidate for independent director, with the term starting from the approval date by the shareholders' meeting until the end of the current board's term [2][4] - Guan Tianwu has a background in accounting and has held various positions in auditing and finance, including independent director roles in multiple companies [2][6] Group 2: Proposal for Factoring Financing Business - The company plans to apply for a factoring limit of up to 500 million yuan (including 500 million yuan) from Zhuhai Hengqin Jintou Commercial Factoring Co., Ltd. for a term of one year [9][20] - The company will provide joint liability guarantees for all factoring business conducted by its subsidiaries [9][20] - The independent directors have approved the proposal, stating it will enhance the company's liquidity and risk resistance capabilities [9][20] Group 3: Related Transactions - The proposed factoring financing constitutes a related transaction as Hengqin Jintou is a subsidiary of the controlling shareholder [10][20] - The company has had related transactions exceeding 30 million yuan in the past 12 months, accounting for more than 5% of the latest audited net assets [10][20] - The board has confirmed that the transaction will not harm the interests of the company or its shareholders, particularly minority shareholders [20]