Group 1 - The company held its 47th Supervisory Board meeting on August 22, 2025, with all 6 supervisors present [1] - The meeting approved the company's 2025 semi-annual report and summary with unanimous votes [1] - The meeting also approved the proposal for asset impairment provision for the first half of 2025, again with unanimous votes [2] Group 2 - The proposal to amend the company's articles of association was approved, pending submission to the shareholders' meeting for further review [2]

Meeting Overview - The board meeting of Chongqing Construction Group Co., Ltd. was held on August 22, 2025, at 9:30 AM in Chongqing [1] - All 9 directors participated in the voting, with no votes against or abstentions [1] Resolutions Passed - The board approved the 2025 semi-annual report and summary, with a unanimous vote of 9 in favor [2] - The board approved the proposal for asset impairment provision for the first half of 2025, also with a unanimous vote of 9 in favor [2] - The board approved revisions to the company's articles of association and related meeting rules, with unanimous support [2] - The board approved the performance assessment targets for the management team for 2025, with a unanimous vote of 9 in favor [2] - The board agreed to convene the second extraordinary general meeting of shareholders in 2025, with a unanimous vote of 9 in favor [2][3]

Group 1 - The company aims to protect the legal rights of shareholders, employees, and creditors while regulating its organization and behavior [2][3] - The company will appoint a new legal representative within thirty days if the current one resigns [2] - The company assumes civil liability for damages caused by the legal representative while performing duties, with the right to seek compensation from the representative if at fault [2][3] Group 2 - The company’s shares are issued based on principles of openness, fairness, and justice, ensuring equal rights for all shares of the same category [4] - The company can provide financial assistance for acquiring its shares, with a limit of 10% of the total issued capital [4][5] - The company’s operational scope includes various construction and engineering services, with specific qualifications for different types of projects [3][4] Group 3 - The company’s articles of association will serve as a legally binding document governing the rights and obligations of the company, shareholders, and management [2][3] - Shareholders have the right to sue other shareholders, directors, supervisors, and senior management under the provisions of the articles [3] - The company’s governance structure includes a dual-entry and cross-appointment leadership system for qualified party organization members [3][4] Group 4 - The company’s shareholders are obligated to comply with laws, regulations, and the articles of association, and must pay their subscribed capital [20][21] - Shareholders are prohibited from abusing their rights to harm the company or other shareholders' interests [20][21] - The company’s controlling shareholders and actual controllers must exercise their rights in accordance with laws and regulations, ensuring the protection of the company’s interests [22][23]

Summary of Key Points Core Viewpoint - The company has reported a total asset impairment provision of 96.2531 million yuan for the first half of 2025, reflecting a comprehensive assessment of asset values in accordance with accounting standards [1][5]. Asset Impairment Provision Details - The total credit impairment loss amounted to 116.559 million yuan, with specific losses including: - Receivables impairment loss (including accounts receivable and long-term receivables) of 119.3644 million yuan [2][3] - Other receivables impairment loss of -3.6755 million yuan [2] - Loan loss of 0.9075 million yuan [2] - The total asset impairment loss was -20.3059 million yuan, primarily due to inventory write-downs and contract performance cost impairment losses of -20.0345 million yuan [2][4]. Basis for Impairment Provisions - The company utilized historical credit loss experience and current economic conditions to assess expected credit losses for various receivables and loans [3][4]. - Specific provisions included: - Receivables were assessed individually for significant amounts and collectively for others based on credit risk characteristics [3][4]. - Inventory was measured at the lower of cost and net realizable value, with provisions made accordingly [4]. Financial Impact - The impairment provisions resulted in a reduction of total profit by 96.2531 million yuan and a decrease in net profit attributable to shareholders by 81.4359 million yuan [5][6]. Review and Approval Process - The audit committee and board of directors reviewed and approved the impairment provision, confirming compliance with accounting standards and reflecting the company's actual asset situation [5][6].

Group 1 - The company is revising its Articles of Association and related meeting rules to comply with the newly amended Company Law of the People's Republic of China and other regulatory requirements [1] - The company plans to abolish the supervisory board, transferring its responsibilities to the audit committee of the board of directors [1] - The proposed amendments will be submitted for approval at the shareholders' meeting, and the management will be authorized to handle the necessary registration changes [1]

General Principles - The rules aim to clarify the responsibilities and powers of the shareholders' meeting, standardize its organization and behavior, and ensure the legal exercise of rights by shareholders [1][2] - The company must strictly follow laws, regulations, and its articles of association when convening shareholders' meetings [2][3] Nature and Powers of the Shareholders' Meeting - The shareholders' meeting consists of all shareholders and is the company's power institution, exercising powers within the scope defined by laws and regulations [4][5] - Key powers include electing directors, approving profit distribution plans, and making decisions on capital increases or decreases [5][6] Convening the Shareholders' Meeting - The company must hold an annual shareholders' meeting within six months after the end of the previous fiscal year [6][7] - Temporary meetings can be convened within two months under specific circumstances, such as insufficient directors or significant losses [7][8] Proposals and Notifications - Proposals must fall within the powers of the shareholders' meeting and be submitted in writing [19][20] - The company must notify shareholders of the meeting details at least 20 days in advance for annual meetings and 15 days for temporary meetings [22][23] Conducting the Shareholders' Meeting - All shareholders or their proxies have the right to attend and vote at the meeting [28][29] - Voting can be conducted through various methods, including online voting, and must ensure the verification of shareholder identity [35][36] Voting and Resolutions - Resolutions can be ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring two-thirds approval [27][28] - The results of the voting must be announced immediately, and the resolutions must be documented and disclosed [66][67] Execution of Resolutions - The board of directors is responsible for executing the resolutions made by the shareholders' meeting [77][78] - Any resolutions that violate laws or regulations are deemed invalid [80]

《重庆建工集团股份有限公司章程》 修订对比表 修订类 | 原条文 修改后条文 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 型 | | | | | | | | | | | 为维护重庆建工集团股份有 第一条 | 为维护重庆建工集团股份有 | 第一条 | | | | | | | | | | 限公司（以下简称"公司"或"本公司"）、 | 限公司（以下简称"公司"或"本公司"） | | 、 | | | | | | | | | 股东和债权人的合法权益，规范公司的 | 股东、职工和债权人的合法权益，规范 | | | | | | | | | | | 组织和行为，根据《中华人民共和国公 | 公司的组织和行为，根据《中华人民共 | | | | | | | | | | | 司法》（以下简称"《公司法》"）《中华 | | | | 修改 | | | | | | | | （以下简称"《证券 | 《中华人民共和国证券法》（以下简称 | 人民共和国证券法》 | | | | | | | | | | 法 ...

重庆建工集团股份有限公司 董事会议事规则 第一章 总 则 第一条 为健全和规范重庆建工集团股份有限公司（以下 简称"公司"、"本公司"）董事会议事和决策程序，促使董事 和董事会有效地履行其职责，提高董事会规范运作和科学决策 水平，根据《中华人民共和国公司法》 、《中华人民共和国证券 法》、 《上市公司治理准则》、 《上海证券交易所股票上市规则》 、 和《重庆建工集团股份有限公司章程》（以下简称"《公司章 程》" ）等法律法规，并结合本公司的实际情况，制定本规则。 第二条 董事会是公司经营管理的决策机构，维护公司和 全体股东的利益，负责公司发展目标和重大经营活动的决策。 董事会下设董事会办公室，董事会秘书兼任董事会办公 室负责人，处理董事会日常事务。 （一）召集股东会，并向股东会报告工作； （二）执行股东会的决议； （三）决定公司的经营计划和投资方案； （四）制订公司的利润分配方案和弥补亏损方案； （五）制订公司增加或者减少注册资本、发行债券或者其 他证券及上市方案； （六）拟订公司重大收购、收购本公司股票或者合并、分 立、解散及变更公司形式的方案； （七）在股东会授权范围内，决定公司对外投资、收购出 售资产、 ...

Core Viewpoint - Chongqing Construction Group Co., Ltd. reported a significant decline in financial performance for the first half of 2025, with a notable drop in revenue and net profit compared to the previous year [1]. Financial Performance Summary - Total assets at the end of the reporting period were approximately CNY 85.86 billion, a decrease of 1.70% from the previous year [1]. - Operating revenue for the period was approximately CNY 14.36 billion, reflecting a decrease of 7.97% year-on-year [1]. - The total profit for the period was a loss of approximately CNY 219.77 million, a significant decline from a profit of CNY 6.99 million in the same period last year, representing a change of -3,245.84% [1]. - The net profit attributable to shareholders was a loss of approximately CNY 248.99 million, compared to a loss of CNY 18.84 million in the previous year [1]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 264.86 million, compared to a loss of CNY 95.71 million in the same period last year [1]. - The net cash flow from operating activities was approximately -CNY 1.52 billion, slightly improved from -CNY 1.61 billion in the previous year [1]. - The weighted average return on net assets was -3.21%, down from -0.22% year-on-year [1]. - Basic and diluted earnings per share were both -CNY 0.1309, compared to -CNY 0.0139 in the previous year [1]. Shareholder Information - As of the end of the reporting period, the total number of shareholders was 45,982 [2]. - The top ten shareholders included state-owned entities, with Chongqing Construction Investment Holding Co., Ltd. holding 44.40% of shares and Chongqing Expressway Group Co., Ltd. holding 27.69% [3]. Debt and Financial Ratios - The company had a debt ratio of 90.64% at the end of the reporting period, slightly improved from 90.90% the previous year [4]. - The EBITDA interest coverage ratio was 0.54, down from 1.29 in the previous year [4].

Core Insights - The company reported a significant decline in performance for the first half of 2025, with a revenue of 14.361 billion and a net loss of 249 million due to industry adjustments and project delays [2] - The company signed 325 engineering contracts totaling 24.271 billion, with a notable focus on both local and external projects [2] - The company aims to enhance market competitiveness through strategic partnerships and marketing transformation, particularly in key growth areas [2][3] Financial Performance - Revenue for the first half of 2025 was 14.361 billion, with a net profit of -249 million [2] - The company recorded credit and asset impairment losses totaling 96.2531 million, impacting net profit by approximately 81.4359 million [2] Contractual Developments - A total of 325 engineering contracts were signed, amounting to 24.271 billion, with 47.41% from local projects and 52.59% from external projects [2] - Government-funded projects accounted for 70.20% of the total contract value [2] Strategic Initiatives - The company is focusing on project management and cost control through the "Excellence Control Platform" to ensure efficient project execution [3] - Ongoing reforms include reducing the number of legal entities and optimizing resource allocation to enhance operational efficiency [3] Recognition and Competitive Position - The company was listed in the Fortune China 500 and achieved an A-level ESG rating, reinforcing its competitive advantage in government projects [3] - The company has received over 100 national awards, including the Luban Award, highlighting its industry recognition [3]