Financial Performance - The company's operating revenue for Q3 2023 was ¥278,004,083.79, a decrease of 11.25% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥30,875,839.12, down 39.84% year-on-year[5] - The basic and diluted earnings per share for Q3 2023 were both ¥0.23, reflecting a decline of 40.02% compared to the previous year[6] - Total revenue for Q3 2023 was ¥847,310,048.84, a decrease of 3.7% compared to ¥880,815,809.48 in Q3 2022[24] - Operating profit for Q3 2023 was ¥132,514,101.49, down 21.0% from ¥167,803,256.96 in Q3 2022[25] - Net profit for Q3 2023 was ¥114,406,614.64, a decline of 24.2% compared to ¥150,988,899.19 in Q3 2022[25] - The total comprehensive income for the third quarter of 2023 was approximately ¥114.41 million, a decrease of 24.1% compared to ¥150.99 million in the same period last year[26] - Basic and diluted earnings per share for the third quarter were both ¥0.87, down from ¥1.14 in the previous year, representing a decline of 23.7%[26] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥2,023,520,845.95, representing a slight increase of 0.35% from the end of the previous year[6] - Total assets as of Q3 2023 amounted to ¥2,023,520,845.95, a slight increase from ¥2,016,407,327.55 in Q3 2022[20] - Total liabilities decreased to ¥440,215,769.74 from ¥487,768,685.26 in Q3 2022, representing a reduction of 9.7%[20] - Shareholders' equity increased to ¥1,583,305,076.21, up from ¥1,528,638,642.29 in Q3 2022, reflecting a growth of 3.6%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥110,431,466.30, with no applicable comparison provided[6] - Cash inflows from operating activities for the first three quarters of 2023 totaled ¥445.13 million, an increase of 30.1% from ¥342.23 million in the same period of 2022[28] - The net cash flow from operating activities for the third quarter was ¥110.43 million, a significant improvement compared to a net outflow of ¥92.25 million in the same quarter last year[28] - Cash inflows from investment activities amounted to ¥511.11 million, while cash outflows were ¥299.23 million, resulting in a net cash flow of ¥211.87 million from investment activities[28] - The net cash flow from financing activities was -¥61.38 million, slightly improved from -¥63.82 million in the same period last year[29] - The cash and cash equivalents at the end of the third quarter stood at ¥386.67 million, compared to ¥448.20 million at the end of the same quarter last year, reflecting a decrease of 13.8%[29] Research and Development - Research and development expenses totaled ¥13,908,238.35 in Q3 2023, which is 5.00% of operating revenue, an increase of 1.20 percentage points year-on-year[6] - Research and development expenses increased to ¥41,022,799.64, up 15.5% from ¥35,662,467.54 in Q3 2022[24] Shareholder Information - The company reported a total of 58,248,474 shares held by the largest shareholder, Pan Weiguo, representing 44.13% of the total shares[15] - The second-largest shareholder, Wei Xiaohu, holds 24,859,421 shares, accounting for 18.83% of the total shares[15] - The company has not engaged in any financing or securities lending activities among its top shareholders[15] Other Financial Metrics - The company reported a decrease in non-recurring gains and losses, with a total of ¥1,439,371.08 for the year-to-date period[10] - The company experienced a significant reduction in net profit due to decreased operating revenue and government subsidies compared to the previous year[11] - The company has not reported any significant new product developments or market expansion strategies in the current quarter[16] - The company has a total of RMB 1,191,753.47 in other receivables, slightly up from RMB 1,143,715.67[18] - The total amount of trading financial assets as of September 30, 2023, was RMB 280,000,000.00, with no previous balance reported[18] - The company reported a cash inflow of ¥21.92 million from tax refunds in the first three quarters, compared to ¥14.17 million in the same period last year, marking a growth of 54.5%[27] - The company has not reported any net profit from the merged entity prior to the merger, indicating no impact on earnings from this activity[26]

申港证券股份有限公司 关于南通国盛智能科技集团股份有限公司 2023 年半年度持续督导跟踪报告 申港证券股份有限公司（以下简称"申港证券"或"保荐机构"）作为南通 国盛智能科技集团股份有限公司（以下简称"国盛智科"、"公司"）首次公开 发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》 《上海证券交易所科创板股票上市规则》《上海证券交易所上市公司自律监管指 引第 11 号——持续督导》等相关规定，负责国盛智科上市后的持续督导工作， 并出具本持续督导跟踪报告。 1 序号 工作内容 持续督导情况 1 建立健全并有效执行持续督导工作制度， 并针对具体的持续督导工作制定相应的工 作计划 保荐机构已建立健全并有效执行 了持续督导制度，并制定了相应 的工作计划 2 根据中国证监会相关规定，在持续督导工 作开始前，与上市公司签署持续督导协议， 明确双方在持续督导期间的权利义务，并 报上海证券交易所备案 保荐机构已与国盛智科签订《保 荐协议》，已明确双方在持续督导 期间的权利和义务，并已报上海 证券交易所备案 3 通过日常沟通、定期回访、现场检查、尽职 调查等方式开展持续督导工作 保荐机构通过日常沟通、定 ...

证券代码：688558 证券简称：国盛智科 公告编号：2023-019 南通国盛智能科技集团股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023年09月22日(星期五) 下午 13:00-14:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于2023年09月15日(星期五)至09月21日(星期四)16:00前登录上证 路演中心网站首页点击"提问预征集"栏目或通过公司邮箱gsipo@ntgszk.com进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 南通国盛智能科技集团股份有限公司（以下简称"公司"）已于 2023 年 8 月 26 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥569,305,965.05, a slight increase of 0.31% compared to ¥567,570,222.73 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2023 was ¥84,326,278.59, representing a decrease of 14.68% from ¥98,832,278.16 in the previous year[18]. - The net cash flow from operating activities improved significantly to ¥67,267,047.28, compared to a negative cash flow of ¥76,674,887.60 in the same period last year[18]. - The total assets at the end of the reporting period were ¥2,088,397,737.57, an increase of 3.57% from ¥2,016,407,327.55 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 5.66% to ¥1,598,068,271.53 from ¥1,512,483,504.61 at the end of the previous year[18]. - Basic earnings per share for the first half of 2023 were ¥0.64, down 14.67% from ¥0.75 in the same period last year[19]. - Operating costs rose to approximately ¥423.62 million, reflecting a 2.51% increase from ¥413.24 million year-on-year[95]. - The company reported a net profit of 1,617,558,028, compared to 1,598,068,271 in the same period last year, indicating a year-over-year increase of about 1.2%[198]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 4.76%, up by 0.57 percentage points from 4.19% in the previous year[19]. - Research and development expenses amounted to ¥27,114,561.29, representing a 14.13% increase compared to ¥23,757,650.28 in the same period last year, with R&D expenses accounting for 4.76% of operating revenue[66]. - The company has developed multiple core technologies in five key areas: error control, reliability, high-performance equipment components, composite processing, and secondary development and optimization[44]. - The company has been recognized with several awards, including "Jiangsu Province Major Equipment Product" and "National Level 'Specialized, Refined, Unique, and Innovative' Small Giant Enterprise"[45]. - The company has achieved a control of thermal displacement within 0.02mm during machining processes through hardware and software integration for thermal error compensation[49]. - The company has applied for multiple patents related to thermal error control technologies, including an adaptive oil cooling device and a smart compensation method[49]. - The company has made significant advancements in R&D, focusing on high-precision and high-efficiency machining technologies across various industries[67]. Market and Industry Trends - In the first half of 2023, the metal cutting machine industry saw a revenue increase of 2.6% year-on-year, while total profits decreased by 17.4%[27]. - The import value of metal cutting machines in the first half of 2023 was $2.62 billion, a decrease of 7.8%, while exports reached $2.64 billion, an increase of 36.2%[27]. - The manufacturing PMI showed fluctuations, with a reading of 49.3 in July, indicating a potential recovery in the second half of the year[28]. - The company is expanding its market presence in high-end equipment manufacturing, targeting industries such as aerospace, rail transportation, and renewable energy[33]. Product Development and Innovation - The company’s main products include high-end CNC machine tools and intelligent automation production lines, focusing on customized solutions for various industries[29]. - The company has developed a range of five-axis machining centers that improve efficiency by allowing complex parts to be processed in a single setup, significantly reducing operational complexity[32]. - The introduction of large-scale gantry machining centers enables precision processing of oversized components, enhancing productivity through simultaneous multi-surface machining[33]. - The company has developed a new automated attachment head exchange mechanism, achieving full automation in machine tool processing without human intervention, significantly improving installation precision and stability compared to traditional methods[58]. - The company has developed a new transmission component that directly drives the nut rotation using a torque motor, addressing the limitations of traditional servo motor and linear motor structures, and has applied for an invention patent for this innovation[58]. Environmental and Sustainability Efforts - The company has invested 101.32 million RMB in environmental protection during the reporting period[114]. - The company has implemented a new waste gas management system that enhances the ability to reduce emissions of VOCs and particulate matter[115]. - The company is committed to energy conservation and emission reduction, focusing on innovative production methods to contribute to greenhouse gas reduction[124]. - The company has established a dedicated hazardous waste warehouse and manages hazardous waste disposal through qualified third-party companies, complying with local regulations[116]. Shareholder and Governance Policies - The company has made commitments regarding stock transfer restrictions for major shareholders to ensure stability in shareholding during the initial public offering period[126]. - The company commits to not transferring or entrusting the management of shares held prior to the IPO for 36 months[128]. - The company will ensure that the contents of the prospectus are truthful, accurate, and complete, taking legal responsibility for any misleading statements or omissions[128]. - The company has established a commitment to comply with relevant laws and regulations regarding share transfers and reductions[127]. Future Outlook and Strategy - The company has set a future performance guidance with an expected growth rate of 5% for the next fiscal year[200]. - The company is focusing on market expansion strategies, particularly in emerging markets, to drive future growth[200]. - New product development initiatives are underway, with a focus on enhancing technology and innovation to meet customer demands[200]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[200].

南通国盛智能科技集团股份有限公司 第三届监事会第八次会议决议公告 证券代码：688558 证券简称：国盛智科 公告编号：2023-017 一、监事会会议召开情况 南通国盛智能科技集团股份有限公司（以下简称"公司"或"国盛智科"） 第三届监事会第八次会议，于 2023 年 8 月 15 日以书面方式发出通知，并于 2023 年 8 月 25 日以现场表决的方式在公司会议室召开。本次会议应出席监事三名， 实际出席监事三名。会议由公司监事会主席姚菊红女士主持，本次会议的召开符 合有关法律、行政法规、部门规章、规范性文件和公司章程的规定,会议决议合 法、有效。 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 二、监事会会议审议情况 经与会监事认真审议，以投票表决方式一致通过以下议案： （一）审议通过《关于公司 2023 年半年度报告及其摘要的议案》 经审核，监事会认为公司 2023 年半年度报告的编制和审议程序符合相关法 律法规及《公司章程》等内部规章制度的规定；公司 2023 年半年度报告的内容 与格式符合相关规定，公允地反映了 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 证券代码：688558 证券简称：国盛智科 公告编号：2023-018 南通国盛智能科技集团股份有限公司 2023 年半年度募集资金存放与实际使用情况专项报告 根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》和 《上海证券交易所科创板股票上市规则》等有关规定，南通国盛智能科技集团股 份有限公司董事会对 2023 年半年度募集资金存放与使用情况专项报告说明如下： 一、募集资金基本情况 （一）募集资金金额和资金到账时间 根据中国证券监督管理委员会于 2020 年 5 月 26 日出具的《关于同意南通国 盛智能科技集团股份有限公司首次公开发行股票注册的批复》（证监许可〔2020〕 1000 号），并经上海证券交易所同意，南通国盛智能科技集团股份有限公司（以 下简称"公司"）向社会公众公开发行股份人民币普通股（ A 股）股票 33,000,000 股，募集资金总额 573,210,000.0 ...

南通国盛智能科技集团股份有限公司 （本页无正文，为《南通国盛智能科技集团股份有限公司独立董事关于第三届董 事会第八次会议相关事项的独立意见》之签署页) 独立董事签名: 独立董事关于第三届董事会第八次会议 相关事项的独立意见 根据《上市公司独立董事规则》《上海证券交易所科创板股票上市规则》《南 通国盛智能科技集团股份有限公司章程》《南通国盛智能科技集团股份有限公司 独立董事工作制度》等有关法律法规及其他规范性文件的规定,本着实事求是、 认真负责的态度，基于独立判断的立场,我们作为南通国盛智能科技集团股份有 限公司（以下简称"公司"）独立董事，对公司第三届董事会第八次会议审议的 相关事项发表以下独立意见: 一、《关于公司2023年半年度募集资金存放与实际使用情况专项报告的议 案》的独立意见 独立董事认为:公司 2023年半年度募集资金存放与使用情况符合《上市公 司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交 易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号 -- 规范运作》等法律法规、规范性文件的相关规定,符合公司《募集资金管 理制度》的规定，对募集资金进行 ...

证券代码：688558 证券简称：国盛智科 公告编号：2023-012 南通国盛智能科技集团股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 投资者可于2023年05月22日(星期一)至05月26日(星期五)16:00前登录上证 路演中心网站首页点击"提问预征集"栏目或通过公司邮箱gsipo@ntgszk.com进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 南通国盛智能科技集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 13 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年 度经营成果、财务状况，公司计划于 2023 年 05 月 29 日下午 13:00-14:00 召开 2022 年度业绩说明会（以下简称"说明会"），就投资者关心的问题进行交流。 一、说明会类型 本次说明会以网络互动形式召开，公司将针对 2022 年度的经营成果及财务指 标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内就 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥263,308,020.16, representing a decrease of 4.34% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥36,406,069.95, down 13.73% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,148,379.78, reflecting a decline of 15.71% compared to the previous year[5]. - Basic earnings per share for the period were ¥0.28, a decrease of 13.81% year-on-year[6]. - Net profit for Q1 2023 was ¥35.98 million, down 15.4% from ¥42.57 million in Q1 2022[20]. - The total comprehensive income for Q1 2023 was ¥35.98 million, compared to ¥42.57 million in Q1 2022, reflecting a decline of 15.5%[20]. Cash Flow and Assets - The net cash flow from operating activities was ¥15,948,847.30, with no applicable percentage change reported[5]. - Cash flow from operating activities generated a net amount of ¥15.95 million in Q1 2023, compared to a net outflow of ¥34.49 million in Q1 2022[22]. - Cash flow from investing activities showed a net inflow of ¥451.14 million in Q1 2023, significantly up from ¥94.13 million in Q1 2022[23]. - As of March 31, 2023, the company's cash and cash equivalents amounted to ¥596,078,947.69, a significant increase from ¥125,359,747.06 on December 31, 2022, reflecting a growth of approximately 376.5%[15]. - The total current assets decreased slightly to ¥1,546,564,689.08 from ¥1,563,904,881.91, indicating a reduction of about 1.1%[15]. - The company's total liabilities decreased to ¥431,405,515.73 from ¥487,768,685.26, representing a decline of approximately 11.6%[17]. - The total equity attributable to shareholders increased to ¥1,545,411,200.00 from ¥1,512,483,504.61, showing a growth of about 2.2%[17]. - The cash and cash equivalents at the end of Q1 2023 amounted to ¥596.08 million, an increase from ¥237.63 million at the end of Q1 2022[23]. Research and Development - Research and development expenses totaled ¥13,995,323.72, which is 5.32% of operating revenue, an increase of 0.80 percentage points from the previous year[6]. - Research and development expenses increased to ¥13.99 million in Q1 2023, up 12.5% from ¥12.44 million in Q1 2022[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,647[11]. Market and Operational Insights - The company experienced a decline in revenue primarily due to reduced income from equipment components and decreased profits from subsidiaries[9]. - The company is focusing on expanding its market presence and developing new technologies to enhance its competitive edge in the industry[18]. - The company's total revenue for Q1 2023 will be reported in the upcoming financial statements, with expectations of growth based on market trends[18]. Inventory and Receivables - The company's inventory decreased to ¥484,645,240.77 from ¥507,705,342.65, reflecting a decline of approximately 4.5%[15]. - The accounts receivable increased to ¥49,593,559.89 from ¥42,245,168.04, indicating a growth of about 17.4%[15]. Equity and Long-term Investments - The company's long-term equity investments decreased to ¥3,258,628.40 from ¥4,503,838.18, representing a decline of approximately 27.6%[16]. - Total assets at the end of the reporting period were ¥1,994,520,148.45, a decrease of 1.09% from the end of the previous year[6]. - The total assets decreased to ¥1,994,520,148.45 from ¥2,016,407,327.55, reflecting a reduction of about 1.1%[17].

Financial Performance - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares, totaling approximately 66 million RMB, which represents 35.58% of the net profit attributable to shareholders for 2022[6]. - Operating revenue for 2022 was approximately ¥1.16 billion, representing a 2.32% increase compared to ¥1.14 billion in 2021[22]. - Net profit attributable to shareholders decreased by 7.48% to approximately ¥185.49 million from ¥200.49 million in 2021[22]. - Basic earnings per share for 2022 were ¥1.41, down 7.24% from ¥1.52 in 2021[23]. - Cash flow from operating activities decreased significantly by 71.36% to approximately ¥26.94 million, primarily due to increased raw material payments[24]. - The company's net assets attributable to shareholders rose by 8.53% to approximately ¥1.51 billion from ¥1.39 billion in 2021[22]. - The company reported a net profit of approximately ¥27.19 million from non-recurring gains in 2022, compared to ¥22.97 million in 2021[28]. - The company achieved operating revenue of 1.163 billion yuan, a year-on-year increase of 2.32%[39]. - The net profit attributable to shareholders was 185.49 million yuan, a decrease of 7.48% compared to the previous year[39]. - The total number of shares held by directors, supervisors, and senior management at the end of the reporting period was 83,107,895 shares, unchanged from the beginning of the year[159]. Audit and Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting[5]. - The company has not reported any governance special arrangements or significant matters[9]. - The company has not experienced any instances where more than half of the directors could not guarantee the authenticity, accuracy, and completeness of the annual report[9]. - The company has not violated any decision-making procedures regarding external guarantees[9]. - The company has established specialized committees under the board, including the Audit Committee, Nomination Committee, Compensation and Assessment Committee, and Strategic Committee[175]. - The internal control audit report for 2022 received a standard unqualified opinion, indicating effective internal controls[199]. Research and Development - Research and development expenses as a percentage of operating revenue decreased to 4.42% from 5.09% in 2021[23]. - R&D investment amounted to 51.36 million yuan, accounting for 4.42% of operating revenue, a decrease of 0.67 percentage points year-on-year[39]. - The company obtained 37 new authorized patents during the reporting period, including 2 invention patents and 25 utility model patents[39]. - The company is currently working on 9 R&D projects, with total expected investment of ¥5,000 million, focusing on high-precision and high-efficiency machining centers[98]. - The company has applied for multiple new patents related to error compensation and detection methods, including a method for detecting pitch errors in CNC machine tools[76]. - The company has developed a cooling system to control thermal errors, maintaining vertical axis thermal elongation within 0.02mm during operation[78]. - The company has achieved significant advancements in intelligent monitoring and fault analysis through sensor integration and data modeling[93]. - The company has established several key research platforms and has been recognized as a high-tech enterprise, indicating a strong position in technology and product quality within the domestic market[73]. Market and Industry Trends - The CNC machine tool industry experienced a 5.6% decline in revenue, while total profit increased by 43.7%, indicating a shift towards higher-value products[64]. - The production of CNC metal cutting machine tools decreased by 22.7% in 2022, with a corresponding 5.1% drop in output value, reflecting a challenging market environment[64]. - The overall CNC machine tool market is expected to continue evolving towards larger, smarter, and more integrated products, driven by technological advancements and competitive pressures[61]. - The demand for mid-to-high-end machine tools is expected to increase, driven by the upgrading of downstream industries and the need for higher processing precision and stability[68]. - The company is focusing on expanding its market presence in high-end equipment manufacturing, particularly in aerospace and new energy sectors[49]. Operational Efficiency and Production - The company enhanced production capacity and efficiency through process improvements and automation upgrades, leading to reduced delivery cycles[38]. - The introduction of intelligent automated production lines has reduced labor costs significantly, with operations now requiring only one operator instead of ten[52]. - The company has developed flexible production units for engine cylinder blocks, utilizing intelligent visual recognition systems to enhance production efficiency[53]. - The company has made significant advancements in precision welding technology, reducing material waste and labor hours while maintaining product quality[85]. - The company has established a comprehensive quality control system and intellectual property management system based on ISO9001 certification and AEO advanced certification[108]. Risk Management - The company has outlined various risks in its operations, which are detailed in the report[4]. - The company faces risks related to technological upgrades and potential patent infringements, which could impact its competitive edge in the market[109][110]. - The company is exposed to risks from fluctuations in the prices of raw materials and purchased components, which could affect its operational performance[112]. - In 2023, the company aims to enhance risk management and sustainable development capabilities amidst a complex international landscape and potential opportunities in the Chinese economy[149]. Employee Management and Development - The total number of employees in the parent company and major subsidiaries is 902, with 472 in the parent company and 430 in subsidiaries[184]. - The employee composition includes 689 production personnel, 38 sales personnel, 51 technical personnel, 9 financial personnel, 44 administrative personnel, and 71 management personnel[184]. - The company has established a training program that includes various training methods and aims to enhance employee skills across multiple dimensions, including management and technical training[186]. - The training effectiveness is evaluated through surveys and performance assessments, ensuring that employee behavior changes post-training[187]. - The number of R&D personnel increased to 186, representing 20.62% of the total workforce, up from 18.38% in the previous year[103]. Shareholder and Management Structure - The total pre-tax remuneration for the reporting period for directors and senior management was 548.76 million yuan[160]. - The average pre-tax remuneration for the senior management team was approximately 54.88 million yuan per person[160]. - The company has a total of 15 directors and supervisors, with 11 being independent directors[161]. - The company plans to maintain its current management structure and remuneration strategy moving forward[160]. - The company appointed new independent directors and management personnel as part of the board restructuring, including the appointment of Wei Xiaohu as General Manager and Wei Hongyan as Vice General Manager and CFO[170].