Meeting Overview - The fourth meeting of the Supervisory Board of Jilin Zhongyan High Polymer Materials Co., Ltd. was held on August 15, 2025, with all three supervisors present, complying with relevant laws and regulations [1][2]. Resolutions Passed - The Supervisory Board approved the 2025 semi-annual report, confirming that it accurately reflects the company's financial status and operations without any false statements or omissions [1][2]. - The proposal to abolish the Supervisory Board and amend the Articles of Association was approved, with the Audit Committee of the Board taking over the responsibilities of the Supervisory Board. This proposal requires approval from the shareholders' meeting [2][3]. - The proposal to abolish the "Rules of Procedure for the Supervisory Board" was approved, as the positions of shareholder representatives and employee representatives on the Supervisory Board will be eliminated [3]. - The report on the storage and actual use of raised funds for the first half of 2025 was approved, confirming compliance with relevant regulations and proper management of the funds [3][4]. - The proposal regarding the extension of certain fundraising investment projects and changes in implementation methods was approved, ensuring that these changes will not adversely affect the projects or harm shareholder interests [4][5].

Meeting Overview - The fourth meeting of the board of directors of Jilin Zhongyan High Polymer Materials Co., Ltd. was held on August 27, 2025, with all 9 directors present [1] - The meeting complied with relevant laws and regulations, including the Company Law and Securities Law [1] Financial Report Approval - The board approved the 2025 semi-annual report, confirming it accurately reflects the company's financial status and operations [2] - The voting results were unanimous, with 9 votes in favor and no opposition or abstentions [2] Fund Management Report - The board approved the special report on the storage and actual use of raised funds for the first half of 2025, confirming compliance with regulations [2] - The report indicated no misuse of funds or changes in their intended purpose [2] Quality Improvement Action Plan - The board approved the semi-annual evaluation report of the "Quality Improvement and Efficiency Recovery Action Plan" for 2025, aimed at enhancing core competitiveness [3] - The plan is designed to promote high-quality development and fulfill the responsibilities of a listed company [3] Governance Changes - The board proposed to abolish the supervisory board and amend the company’s articles of association, pending shareholder approval [4] - The decision aligns with legal requirements and the company's actual situation [4] Governance System Revisions - The board approved revisions to several governance systems to enhance compliance and operational efficiency [4][6] - The revisions include updates to the management of shareholder meetings, board meetings, and various operational protocols [6] Fund Investment Project Adjustments - The board approved the postponement of certain fundraising investment projects and changes in implementation methods, aimed at improving project quality [7] - The adjustments were made based on practical project conditions and followed necessary review procedures [7] Capital Increase for Subsidiaries - The board approved capital increases for several wholly-owned subsidiaries, including an increase of 45 million yuan for Jilin Dingyan Chemical Co., Ltd. and 70 million yuan for Zhongyan Composite (Shanghai) Technology Development Co., Ltd. [8] - The decision reflects the business development needs of the subsidiaries [8] Upcoming Shareholder Meeting - The board decided to hold the first temporary shareholder meeting of 2025 on September 12, 2025, to discuss pending matters [9] - The meeting will address various proposals requiring shareholder approval [9]

Core Viewpoint - The company, Jilin Zhongyan High Polymer Materials Co., Ltd., is adjusting the internal investment structure of certain fundraising projects and using its own funds to pay for R&D personnel costs, which will later be replaced with equivalent amounts from the raised funds [1][10]. Fundraising Overview - The company has raised a total of RMB 902.26 million through the issuance of 30,420,000 shares at a price of RMB 29.66 per share, with a net amount of RMB 799.71 million after deducting issuance costs [1][2]. - All raised funds are managed in a dedicated account, with agreements in place between the company, its subsidiaries, and the commercial banks [2]. Project Adjustment Details - The project "Shanghai Carbon Fiber PEEK Composite Material R&D Center" has undergone changes in its implementation subject, location, and total investment amount, which has increased to RMB 110.20 million [3][5]. - The internal investment structure has been adjusted, with construction investment increasing and R&D personnel costs being reduced [5][6]. Reasons for Adjustment - The adjustments are made to enhance R&D capabilities and improve resource allocation without affecting the project's implementation or the interests of shareholders [6][8]. - The company aims to prioritize laboratory construction and equipment procurement due to the urgency of the project [5][6]. Use of Own Funds - The company plans to use its own funds to pay for R&D personnel costs during the project implementation and will replace these amounts with raised funds later [7][8]. - This approach is intended to improve operational efficiency and reduce financial costs while ensuring compliance with relevant regulations [8][9]. Approval Process - The adjustments were approved by the company's board of directors and supervisory board, confirming that the changes do not adversely affect the company's operations or shareholder interests [9][10]. - The company has established operational procedures to ensure the proper management of funds and compliance with regulations [10].