Meeting Overview - The fifth meeting of the Supervisory Board of Zhejiang Haikong Nanke Huatie Digital Technology Co., Ltd. was held on September 4, 2025, with all three supervisors present [1] - The meeting was convened in accordance with relevant laws and regulations, and all resolutions made were deemed legal and effective [1] Key Resolutions - The Supervisory Board approved the proposal for the company to issue S shares and list them on the Singapore Exchange to enhance capital strength and international brand image [2][3] - The issuance of S shares will be conducted in compliance with Chinese laws and regulations, as well as the rules of the Singapore Exchange [2] - The company plans to raise a total of 200 million Singapore dollars through this issuance, with the final number of shares to be determined based on the issuance price [4][5] Fund Utilization - The funds raised from the issuance will be used for the construction and operation of overseas intelligent computing centers, expansion of equipment leasing business, and to supplement working capital [6] - The company will have the authority to adjust the use of raised funds based on regulatory feedback and operational needs [6] Profit Distribution - The proposal includes a plan for the distribution of retained earnings prior to the issuance, ensuring that both existing and new shareholders benefit proportionally after the issuance [7][8] Transition to Overseas Company - The company will transition to an overseas fundraising company following the successful issuance and listing of S shares [8] Validity of Resolutions - The validity period for the resolutions related to the issuance is set for 24 months from the date of approval by the shareholders' meeting [9]