Core Viewpoint - The company has revised its governance system and established new regulations to enhance operational compliance and align with updated legal requirements [1][2]. Group 1: Governance Revisions - The company held its 12th meeting of the second board on July 10, 2025, where it approved several proposals related to governance [1]. - The revisions include updates to the "Management System for Shares Held by Directors and Senior Management" and the establishment of a "Temporary Disclosure Exemption System" [1][2]. - The revisions aim to improve the company's governance structure in accordance with the latest amendments to relevant laws and regulations [1]. Group 2: Shareholder Approval - Items 1-9 of the newly established and revised systems require approval from the shareholders' meeting, with a two-thirds majority needed from valid voting rights [2]. - Other systems will take effect immediately upon approval by the board of directors [2].

Group 1 - The company has established a shareholder meeting system and operational norms, holding a total of 9 shareholder meetings since its establishment, in compliance with relevant laws and regulations [1][2] - The board of directors consists of 7 members, including 3 independent directors, and has held 16 board meetings to discuss key management appointments and other significant matters, adhering to legal procedures [2][3] - The supervisory board, comprising 3 members, has conducted 8 meetings to oversee the company's operations and protect the rights of shareholders and employees, ensuring compliance with legal requirements [3][4] Group 2 - The independent director system has been established with 3 independent directors, ensuring they fulfill their duties to protect the interests of minority shareholders and comply with relevant regulations [4][5] - The board secretary system has been implemented, with the board secretary playing a crucial role in enhancing corporate governance and ensuring compliance with legal requirements during meetings [5]

Core Viewpoint - The company has revised its Articles of Association and Board Meeting Rules to enhance corporate governance and decision-making processes in accordance with updated regulations and its actual circumstances [1][2]. Summary by Sections Revision of Articles of Association - The company is established as a joint-stock company in accordance with the Company Law and other relevant regulations, registered in the Fujian Provincial Market Supervision Administration [1][2]. - The company has made amendments to clarify the responsibilities of the legal representative and the company's liability for civil activities conducted in its name [2][3]. - The company’s assets are divided into equal shares, and shareholders are liable only to the extent of their subscribed shares [3][4]. Governance and Compliance - The company and its directors, supervisors, and senior management must comply with the regulations set by the China Securities Regulatory Commission (CSRC) and accept its supervision [3][4]. - The revised Articles of Association serve as a legally binding document governing the organization and behavior of the company, shareholders, and management [4][5]. Shareholder Rights and Responsibilities - Shareholders have the right to sue the company or other shareholders based on the Articles of Association [4][5]. - The company must ensure that shareholders are informed of their rights, including the right to request meetings and access to company documents [5][6]. Capital Management - The company can increase its capital through various methods, including public offerings and private placements, as decided by the shareholders [5][6]. - The company’s shares are to be transferred in accordance with legal regulations, and specific restrictions apply to the transfer of shares held by founders and major shareholders [6][7]. Legal and Regulatory Compliance - The company must adhere to laws and regulations regarding the management of its operations and the protection of stakeholder interests [6][7]. - The company is required to disclose information regarding its operations and any significant events to the public and regulatory bodies [7][8].