Core Points - The board of directors of Shanxi Huayang New Materials Co., Ltd. held its sixth meeting of the eighth session on August 6, 2025, where all proposals were approved without opposition or abstentions [2][3][4]. Group 1: Board Meeting Details - The meeting was convened in accordance with the Company Law, Securities Law, and the company's articles of association, with all nine directors present [4]. - The board approved several proposals, including the termination of the land use rights transfer for Kaohua Village and the signing of a supplementary agreement [5][28]. Group 2: Proposal Approvals - The proposal to terminate the land use rights transfer for Kaohua Village received three votes in favor, with no votes against or abstentions [5]. - The proposal for Shanxi Huayang Biodegradable New Materials Co., Ltd. to apply for a working capital loan of 20 million RMB from Huaxia Bank, with the company providing a joint liability guarantee, was approved unanimously [19][21]. - The board also approved the cancellation of supervisors and amendments to the articles of association for several wholly-owned subsidiaries [10][12][14][15]. Group 3: Upcoming Shareholder Meeting - The company will hold its third extraordinary general meeting of 2025 on August 22, 2025, to review the proposals approved by the board [16][35]. - The meeting will utilize both on-site and online voting methods, with specific voting times outlined [36][38]. Group 4: Financial and Operational Context - The proposed loan for the subsidiary is aimed at meeting operational funding needs, with the company maintaining effective oversight over its wholly-owned subsidiary [26]. - The subsidiary's financials indicate a total asset value of approximately 406.11 million RMB and a debt ratio exceeding 102% as of December 31, 2024 [23].