周大生：11月25日召开董事会会议

Group 1 - Company announced that its fifth board meeting was held on November 25, 2025, via telecommunication, where it reviewed the proposal regarding external guarantees [1] - As of the report, the company's market capitalization is 14.1 billion yuan [3] Group 2 - For the first half of 2025, the company's revenue composition is 100% from jewelry [2]