Core Points - The board of directors of Sichuan Tianwei Electronics Co., Ltd. held its 16th meeting on August 29, 2025, where several key resolutions were passed [1][2][3] Group 1: Financial Reporting - The board approved the 2025 semi-annual report, confirming that the preparation and review processes complied with legal and regulatory requirements, and accurately reflected the company's financial status and operational results [1][2] - The board also approved a special report on the storage and actual use of raised funds, ensuring compliance with relevant regulations and confirming that the actual use of funds matched previously disclosed information [2][3] Group 2: Governance and Board Structure - A resolution was passed to establish a system for accountability regarding significant errors in annual report disclosures, aimed at enhancing the quality and transparency of information [3] - The board proposed the nomination of Mr. Ju Wanfu as a non-independent director to fill the vacancy left by the recent passing of Mr. Yang Youxin, ensuring compliance with the company's governance structure [4][5] - The board approved adjustments to the specialized committee members, including Mr. Ju Wanfu's appointment to the strategic committee [4][5] Group 3: Management Appointments and Compensation - The board approved the appointment of Mr. Ju Wanfu as the deputy general manager, with a term lasting until the end of the current board's tenure [6] - A compensation plan for Mr. Ju Wanfu was established, with a salary of 330,000 yuan per year, which includes performance-based pay [6][7] - The board agreed to convene the second extraordinary general meeting of 2025 on September 18, 2025, to discuss certain resolutions that require shareholder approval [7]