Summary of Key Points Core Viewpoint - The company plans to reduce its stake in Bee Assistant Co., Ltd. by selling up to 8.3746 million shares, representing approximately 2.93% of the total share capital, to optimize asset structure and improve liquidity [1][6]. Group 1: Stock Reduction Overview - The company convened its board meeting on August 11, 2025, to approve the proposal for reducing its stake in Bee Assistant [1]. - The reduction will be executed through various methods including centralized bidding, block trading, and inquiry transfer [1]. - The specific timing, counterparties, and pricing for the sale remain uncertain [1][2]. Group 2: Authorization and Procedures - The board has requested authorization from the shareholders' meeting for the management to handle the specifics of the stock reduction, valid for 12 months from the approval date [2]. - The proposed stock reduction must undergo internal procedures as per regulations governing state-owned enterprises [2]. Group 3: Financial Overview of Bee Assistant - As of March 31, 2025, Bee Assistant reported total assets of 31.63 billion, total liabilities of 12.38 billion, and accounts receivable of 9.67 billion [3]. - The company’s revenue for the first quarter of 2025 was 5.03 billion, with a net profit of 0.38 billion [5]. Group 4: Purpose and Impact of the Sale - The sale aims to enhance the company's asset structure and liquidity [6]. - The company acknowledges the uncertainty in estimating the impact of the stock reduction on its financial performance [6].