Shang Hai Zheng Quan Bao·2025-08-11 19:51Group 1 - The company held its fourth board meeting on August 11, 2025, with all seven directors present, confirming compliance with legal regulations [1][2][3] - The board approved a proposal to authorize the management to reduce its stake in Anbang Security by selling 4.0323 million shares, representing 3.75% of Anbang's total share capital, through stock exchanges [2][24] - The decision to reduce the stake aims to enhance asset liquidity and maximize economic benefits, with the trading price to be determined by market conditions [24][28] Group 2 - A second extraordinary general meeting of shareholders is scheduled for August 27, 2025, to review the board's decisions [4][10] - The meeting will utilize a combination of on-site and online voting methods, with specific timeframes for participation [8][9] - Shareholders must register to attend the meeting, with detailed instructions provided for both corporate and individual shareholders [14][16][17] Group 3 - The company currently holds 4.0323 million shares in Anbang Security, which were acquired prior to its IPO [24][27] - As of December 31, 2024, Anbang Security reported total assets of 3.61668 billion RMB and a net profit of 125.4942 million RMB for the year [27] - The planned reduction in stake is expected to optimize the company's asset structure and increase cash assets, thereby enhancing shareholder returns [28]