Meeting Overview - The second supervisory board meeting of Hangzhou Chuhuan Technology Co., Ltd. was held on August 28, 2025, with all three supervisors present, confirming compliance with relevant laws and regulations [1][2]. Resolutions Passed - The supervisory board approved the "2025 Half-Year Report" and its summary, affirming that the report accurately reflects the company's actual situation without any false statements or omissions [1][2]. - The board also approved the "Special Report on the Storage, Management, and Use of Raised Funds for the First Half of 2025," confirming that the management of raised funds complies with regulations and does not harm shareholder interests [2]. - The profit distribution plan for the first half of 2025 was approved, aligning with the company's operational status and development strategy, and ensuring no harm to shareholders, especially minority shareholders [2][3].

Core Viewpoint - The company held its 11th meeting of the 4th Supervisory Board on March 25, 2025, where it approved the use of idle raised funds and self-owned funds for cash management, aiming to enhance fund utilization efficiency and provide better returns for shareholders [1][2]. Group 1 - The Supervisory Board meeting was convened and chaired by Mr. Yu Xiaoping, with all three supervisors present, complying with relevant regulations [1]. - The first resolution approved was to use part of the idle raised funds and self-owned funds for cash management, ensuring it does not affect the construction of fundraising projects or daily operations [1][2]. - The second resolution approved was to store the balance of raised funds through agreed deposits, notice deposits, and time deposits, which also complies with necessary procedures and does not alter the intended use of the funds [2][3]. Group 2 - Both resolutions received unanimous approval with 3 votes in favor, and there were no votes against or abstentions [2][3]. - The first resolution requires submission to the shareholders' meeting for further approval, while the second resolution does not require such submission [2][3].