Meeting Details - The 7th meeting of the 8th Supervisory Board of Zhejiang Shibao was held on June 27, 2025, in Hangzhou, China, with all 5 supervisors present via remote voting [1][2] - The meeting was chaired by Mr. Du Min and complied with relevant laws and regulations [1] Resolution Summary - The Supervisory Board approved the proposal to postpone certain fundraising investment projects, which is expected to enhance the efficiency and safety of fund usage, aligning with the company's actual development needs and benefiting all shareholders [2] - The specific project affected is the "Research and Development Center for Steering Control Technology of Intelligent Connected Vehicles," which will have its construction period extended [2] - The voting results were unanimous, with 5 votes in favor, 0 against, and 0 abstentions [2]