Core Viewpoint - The company has approved the use of idle self-owned funds for cash management, not exceeding RMB 350 million, to enhance fund utilization efficiency and increase returns for shareholders [24][26][28]. Group 1: Company Overview - The company is named Jinan Hengyu Environmental Technology Co., Ltd. and is listed under the stock code 688309 [3]. - The company has not undergone any changes in its controlling shareholder or actual controller [4]. Group 2: Financial Data - The company has not disclosed specific financial data in the provided documents [2][3]. Group 3: Board and Supervisory Meetings - The fourth board and supervisory meetings were held on August 26, 2025, with all members present, and the resolutions passed were deemed legal and effective [5][6][8]. - The supervisory board approved the company's half-year report and the special report on the use of raised funds [10][11]. Group 4: Cash Management Plan - The company plans to use idle self-owned funds for cash management, focusing on high-security, high-liquidity investment products, with a maximum investment period of 12 months [24][30][32]. - The cash management will not affect the company's normal operations or its main business development [32]. Group 5: Stock Incentive Plan - The company has decided to cancel a total of 644,464 shares of unvested restricted stock due to certain incentive targets not being met and some recipients leaving the company [19][42][43]. - The cancellation of these shares will not materially impact the company's financial status or operational results [44].

Group 1 - The company held the ninth meeting of the fifth supervisory board on July 29, 2025, which complied with relevant regulations [1] - The supervisory board approved the share repurchase plan of the subsidiary, citing market changes, operational adjustments, and personnel changes as factors for optimizing the equity structure and enhancing team vitality [1] - The pricing of the share repurchase was deemed fair and reasonable, with no harm to the interests of the company and its shareholders [1] Group 2 - The supervisory board agreed to adjust the stock option incentive plan in accordance with relevant laws and regulations, ensuring no harm to the interests of shareholders, especially minority shareholders [2] - The board approved the cancellation of 9.425 million shares of restricted stock that had been granted but not yet vested, with specific details on the cancellation of shares from different vesting periods [2][3] - The board also approved the cancellation of 4.8 million shares of restricted stock from the 2024 incentive plan, confirming the legality and compliance of the process [3]