Meeting Overview - The third meeting of the Supervisory Board of Sains Environmental Co., Ltd. was held on July 19, 2025, combining both in-person and online formats, with all three supervisors present [1]. Resolutions Passed - The Supervisory Board approved the use of part of the raised funds to invest in establishing a wholly-owned subsidiary for new projects, which aligns with regulatory requirements and the company's business development needs, enhancing the efficiency of fund usage [1][2]. - The Supervisory Board also approved the retroactive use of temporarily idle raised funds for cash management, ensuring that this does not affect the investment progress or the normal operations of the company, while aiming to increase returns for shareholders [2][3]. - Additionally, the Supervisory Board agreed to apply for an increase in bank credit and guarantee limits for the company and its subsidiaries, which is deemed beneficial for the ongoing and future financial stability of the company [3].

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting (AGM) scheduled for May 16, 2025, to discuss various proposals including financial reports, profit distribution, and share buyback plans [2][4][10]. Meeting Procedures - The meeting will follow specific procedures to ensure order and efficiency, including rules for participation and speaking time for shareholders [1]. - The agenda includes the introduction of shareholders, voting on various proposals, and the announcement of results [3]. Financial Reports - The company will present its 2024 Annual Report and its summary, which have been disclosed on the Shanghai Stock Exchange website [2][4]. - The 2024 financial statements have been audited by Deloitte, confirming their accuracy [5]. Profit Distribution - The company plans to distribute a cash dividend of 0.144 RMB per share, totaling approximately 146.85 million RMB, which represents 17.06% of the net profit attributable to shareholders [6][7]. Share Buyback Plan - The company proposes a share buyback plan with a total budget between 75 million RMB and 150 million RMB, aimed at enhancing shareholder value and reducing registered capital [10][11]. - The buyback will occur through centralized bidding on the Shanghai Stock Exchange, with a maximum price of 16.00 RMB per share [11][12]. Bank Credit and Guarantees - The company intends to apply for a bank credit limit of up to 12 billion RMB for its operational needs in 2025 [8]. - It also plans to provide guarantees not exceeding 700 million RMB for its subsidiaries, including those with high asset-liability ratios [8]. Insurance for Executives - The company aims to purchase liability insurance for its directors, supervisors, and senior management to mitigate operational risks [9]. Authorization for Management - The company seeks authorization from shareholders to allow management to handle the specifics of the share buyback and other financial matters [12][13].