Meeting Overview - The 14th meeting of the 4th Supervisory Board of Shenzhen Ruiming Technology Co., Ltd. was held on August 20, 2025, in a combined format of on-site and communication [1] - All three supervisors attended the meeting, and the meeting was chaired by Mr. Wu Xiangli [1] Supervisory Board Resolutions - The Supervisory Board approved the procedures for the preparation and review of the 2025 semi-annual report, confirming that the report accurately reflects the company's actual situation without any false records or omissions [1][3] - The profit distribution plan for the first half of 2025 was deemed to consider the company's profitability, cash flow, and funding needs, ensuring no harm to minority shareholders' interests [3] Stock Option Incentive Plan - The first batch of stock options from the 2022 stock option incentive plan and the second batch of reserved grants were approved, resulting in an increase of 2,925,778 shares in the company's registered capital [4] Corporate Governance Changes - The company will no longer have a Supervisory Board, with its functions transferred to the Audit Committee of the Board of Directors, and relevant rules will be amended accordingly [4] H Share Issuance Plan - The company plans to issue H shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [6][7] - The proposed issuance will not exceed 15% of the total share capital post-listing, with the final number of shares to be determined based on market conditions [8][10] Fund Utilization - Proceeds from the H share issuance will be used for technology and product development, international manufacturing, market and brand building, and general corporate purposes [14][15] - The company will adjust the use of raised funds based on regulatory feedback and operational needs [15]