*ST椰岛: 海南椰岛2024年年度股东大会会议资料

Core Viewpoint - The 2024 Annual General Meeting of Hainan Yedao (Group) Co., Ltd. will address significant financial challenges, including a substantial decline in revenue and net profit, alongside a focus on governance and operational improvements [1][2][3]. Meeting Agenda - The meeting will cover the announcement of the meeting start, introduction of attendees, reading of meeting rules, and voting on various proposals [1][2]. - The meeting will be held on May 20, 2025, with both on-site and online voting options available [1][2]. Financial Performance - The company reported a revenue of 175.21 million yuan in 2024, a decrease of 21.97% compared to 2023 [3][4]. - The net profit attributable to shareholders was -136.14 million yuan, an improvement from -149.16 million yuan in the previous year [3][7]. - The total assets decreased by 15.09% to 886.39 million yuan, while net assets dropped by 55.71% to 108.36 million yuan [3][4]. Operational Challenges - The decline in revenue is attributed to poor market performance and delays in new product launches, particularly in the liquor and beverage segments [5][6]. - The company faced significant losses due to inventory write-downs and increased credit impairment losses [6][7]. Governance and Management - The board of directors emphasized the importance of maintaining shareholder rights and ensuring efficient meeting procedures [1][2]. - The company plans to enhance management controls, improve operational efficiency, and focus on core business development [15][16]. Proposals for Approval - Key proposals include the approval of the 2024 annual report, financial statements, and the decision not to distribute profits due to negative net profit [21][22]. - The independent directors and audit committee will present their reports for shareholder review [22][23]. Future Plans - The company aims to strengthen its internal control systems and improve communication with investors to foster better relationships [14][15]. - The board will focus on optimizing management practices and expanding financing channels to mitigate debt risks [15][16].