Core Viewpoint - The company has disclosed its first quarter report for 2025, ensuring the accuracy and completeness of the information provided, and has made several resolutions regarding financial management and credit applications [7][10][13]. Financial Data - The first quarter report has not been audited [3][6]. - The company does not require retrospective adjustments or restatements of previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the quarter [3]. Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders are to be disclosed [4]. Important Resolutions - The board approved the first quarter report with a unanimous vote of 9 in favor [7]. - The board approved the establishment of compliance management measures and rules with unanimous support [8][9]. - The company will apply for a credit limit of 850 million RMB from China Bank, with specific terms outlined for different loan types [10][11]. - The company will also apply for a credit limit of 360 million RMB from Industrial Bank, primarily for working capital [13]. - Additionally, a credit limit of 300 million RMB will be sought from Ping An Bank, also under credit guarantee [16][17].

Group 1 - The company has approved a total guarantee amount of RMB 394 million, which accounts for 37.82% of the latest audited net assets attributable to shareholders [1] - The total balance of external guarantees provided by the company and its subsidiaries is RMB 222 million, representing 21.31% of the latest audited net assets attributable to shareholders [1] - There are no overdue guarantees or guarantees involving litigation [1] Group 2 - The company has changed its accounting policy in accordance with the Ministry of Finance's Interpretation No. 18, which affects the accounting treatment of certain quality guarantees [2][3] - The previous accounting policy was based on the basic accounting standards and specific accounting regulations issued by the Ministry of Finance [2] - The new accounting policy will not have a significant impact on the company's financial position, operating results, or cash flow [3] Group 3 - The company plans to use up to RMB 2.5 billion of temporarily idle self-owned funds for entrusted wealth management at China Merchants Bank, with a rolling usage period of 12 months [5][6] - The investment will focus on structured deposits and other high-safety, high-liquidity financial products [5][6] - The board of directors has authorized the general manager to handle the entrusted wealth management matters within the approved limits [6] Group 4 - The company has approved a total credit limit of up to RMB 30.90 billion for applications to non-related financial institutions over the next twelve months [51][52] - This credit limit includes various types of financing such as working capital loans, mortgage loans, and bank acceptance bills [52] - The authorization for this credit application is valid for 12 months from the date of board approval [52]