Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. is convening its second extraordinary general meeting of shareholders in 2025 to discuss key proposals, including the use of excess raised funds for operational liquidity and loan repayment, the registration of targeted debt financing tools, and a related leasing agreement to enhance employee accommodation [1][12][15]. Group 1: Use of Excess Funds - The company plans to use part of the excess raised funds, amounting to 80 million RMB, to permanently supplement working capital and repay bank loans, which constitutes 6.66% of the total excess funds of 1.2 billion RMB [8][9]. - The total raised funds from the initial public offering amounted to approximately 2.4 billion RMB, with a net amount of 2.2 billion RMB after deducting issuance costs [5][9]. - The company commits that the cumulative use of excess funds for working capital and loan repayment will not exceed 30% of the total excess funds within any 12-month period [8][9]. Group 2: Registration of Debt Financing Tools - The company intends to apply for the registration of targeted debt financing tools with a total amount not exceeding 1 billion RMB, which will be used for operational activities, including project construction and R&D [12][14]. - The proposed debt financing tools will have a term of up to 5 years, with interest rates determined based on the company's credit rating and market conditions [12][14]. - The issuance of these financing tools is subject to approval from the interbank market association and will enhance the company's financial structure and liquidity management [12][15]. Group 3: Leasing Agreement - The company plans to sign a leasing agreement with Wuxi Yuyuan Industrial Group for a property of 5,643.52 square meters to improve employee accommodation, with a total rental cost of approximately 9.83 million RMB over five years [15][20]. - This leasing transaction is classified as a related party transaction due to common control, but it does not constitute a major asset restructuring [16][22]. - The rental price is based on a real estate rental consulting report and is deemed fair and reasonable, ensuring no harm to the interests of the company and its shareholders [19][22].

Group 1 - The fourth meeting of the supervisory board of Guangzhou Fantuo Digital Creative Technology Co., Ltd. was held on July 10, 2025, with a total of 3 supervisors present [1][2] - The supervisory board approved the proposal regarding related party leasing, stating that the lease is necessary for the daily operations and office needs of Virtual Power, and will not significantly impact the company's financial status or independence [1][2] - The supervisory board unanimously agreed to the proposal to conclude fundraising projects and permanently supplement working capital with surplus funds and interest from over-raised funds, which aligns with the actual project situation and improves the efficiency of fund usage [2][3] Group 2 - The voting results for the proposals were unanimous, with 3 votes in favor and no votes against or abstentions [2][3] - The decisions made by the supervisory board comply with relevant laws and regulations, ensuring the protection of the interests of the company and its shareholders, especially minority shareholders [1][2]