Core Points - The board of directors of Changzhou Shichuang Energy Co., Ltd. held its 27th meeting on August 11, 2025, where all 8 attending directors approved several key proposals [1][2][3] Group 1: Board Meeting Details - The meeting was convened by Chairman Fu Liming and complied with relevant laws and regulations, ensuring the legality and validity of the resolutions made [1] - All 8 directors were present, and the meeting included attendance from supervisors and senior management [1] Group 2: Financial Proposals - The board approved a proposal to temporarily use up to RMB 40 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months from the date of approval [1][2] - The proposal received unanimous support with 8 votes in favor and no opposition or abstentions [2] Group 3: Risk Management Initiatives - The board approved the establishment of a "Futures and Derivatives Trading Management System," aimed at regulating trading activities and mitigating risks [2] - The board also approved a proposal for the company and its subsidiaries to engage in commodity futures and foreign exchange hedging to manage price and exchange rate volatility risks [3] - The management team was authorized to implement the hedging activities within the approved limits and timeframe, following the established management system [3]

Meeting Overview - The second meeting of the second supervisory board of Changzhou Shichuang Energy Co., Ltd. was held on August 11, 2025, with all three supervisors present, ensuring compliance with relevant laws and regulations [1][2]. Resolutions Passed - The supervisory board approved the proposal to temporarily use part of the idle raised funds to supplement working capital, which is expected to improve fund utilization efficiency and reduce operational costs without affecting ongoing projects [1][2]. - The board also approved the proposal to engage in commodity futures and foreign exchange hedging activities to mitigate risks associated with price and exchange rate fluctuations, which is deemed reasonable and beneficial for the company's stable development [2].