Group 1 - The company held its 23rd meeting of the 6th Board of Directors on July 11, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [1] - The Board approved the proposal to reappoint Rongcheng Accounting Firm as the financial and internal control audit institution for the year 2025, with an audit service fee of 1.1 million yuan, including 900,000 yuan for the financial report audit and 200,000 yuan for internal control audit [1][2] - The Board approved the appointment of Mr. Li Shengyu as the Chief Financial Officer, effective immediately, with Mr. Zhao Baoguo no longer acting in this role [2] - The Board proposed to hold the first extraordinary general meeting of shareholders on August 5, 2025, to review matters related to this Board meeting [3]

Group 1 - The company held its 13th meeting of the 4th Board of Directors on June 20, 2025, with all 7 directors participating in the voting [1][2] - The board approved the proposal for a subsidiary to apply for delivery warehouse qualifications, which will be published in relevant financial newspapers [1][2] - The board also approved a proposal to provide guarantees for the subsidiary's delivery warehouse qualifications, which requires special resolution approval from the shareholders' meeting [2] - Additionally, the board approved a proposal to provide guarantees for the joint venture company's delivery warehouse qualifications, also pending special resolution approval [2] - The board decided to convene the 5th temporary shareholders' meeting of 2025, with details to be published in financial newspapers [2][3] Group 2 - All proposals received unanimous support from the board, with 7 votes in favor and no opposition or abstentions [2][3]

Group 1 - The company has approved the appointment of Ms. Ye Yanliu as a non-executive director of the fifth board, who will also serve on the strategy and investment committee, nomination committee, and remuneration and assessment committee [2][3] - Ms. Ye will not receive any director remuneration during her tenure as a non-executive director, which will last until the end of the current board's term [3] - The board's decision to appoint Ms. Ye requires approval at the upcoming fourth extraordinary general meeting of shareholders [3] Group 2 - The company has approved a guarantee for its subsidiary Wuhan Hongxing Meikailong Global Home Plaza Development Co., Ltd. to secure a trust loan of RMB 550 million from Bohai International Trust Co., Ltd. [2][4] - The guarantee will be backed by the ownership of the property located at 125 Longyang Avenue, Hanyang District, Wuhan, and the land use rights [2][4] - The board has authorized the management to handle specific matters related to the guarantee, including signing relevant contracts and adjusting terms based on market conditions [4][5] Group 3 - The company has also approved a guarantee for its subsidiary Nanchang Hongxing Meikailong Global Home Expo Center Co., Ltd. for a trust loan from Bohai International Trust Co., Ltd. [2][6] - The total loan amount for this subsidiary is not specified but is secured by property ownership and land use rights located at 888 Ziyu Road, Xihu District, Nanchang [2][6] - Similar to the previous guarantee, the management is authorized to manage and adjust the financing and guarantee conditions as necessary [5][6]

Core Viewpoint - The company, China Three Gorges New Energy (Group) Co., Ltd., held its 38th meeting of the second board of directors on June 4, 2025, where several key resolutions were passed regarding equity transfers, budget reports, and appointments [1][18]. Group 1: Equity Transfers - The company approved the public transfer of 50% equity in Changyuan City Yunming New Energy Technology Co., Ltd. [1] - The company also agreed to publicly transfer 100% equity and related debts of Sanxia New Energy Zhangwu Power Generation Co., Ltd. [3] Group 2: Budget and Compensation - The board approved the report on the execution of the total salary budget for 2024 and the budget plan for 2025 [5]. - The company adjusted the settings of its functional departments, which was also approved by the board [7]. Group 3: Appointments - The board appointed Ms. Yang Liying as the company's General Counsel and Chief Compliance Officer, effective from the date of the board's approval until the end of the current board's term [8][18]. - The board also approved the performance assessment targets for the management team for the year 2025 [11]. Group 4: Shareholder Meeting - The company scheduled its 2024 Annual Shareholders' Meeting for June 27, 2025, with a combination of on-site and online voting [15][22]. - The meeting will include the review of the 2024 Independent Directors' Work Report [24].

Group 1 - The board of directors of the company held its 37th meeting on May 26, 2025, with all 9 directors present, confirming the legality and validity of the resolutions made [1] - The board approved the proposal to add Yang Lei as a candidate for the board of directors, pending election at the upcoming shareholders' meeting [2] - The board also approved the adjustment of the special committee members of the board, allowing Yang Lei to join the Strategic and Sustainable Development Committee, Audit Committee, and Nomination and Remuneration Committee upon her election [2] Group 2 - The board agreed to renew the Financial Services Agreement with China Merchants Group Finance Co., Ltd. for three years, which will replace the previous agreement signed in September 2022 [3] - The new agreement stipulates that the company's daily deposit balance with the finance company shall not exceed RMB 1 billion, and the maximum outstanding loan balance shall not exceed RMB 2 billion [3] - A risk disposal plan has been established to ensure the safety and liquidity of the company's deposits and loans with the finance company [3][4] Group 3 - The board approved a risk assessment report regarding the finance company, confirming its operational qualifications and risk status [4][5] - The finance services transaction is classified as a related party transaction due to the common control by China Merchants Group [5] - The board also agreed to convene the 2024 annual shareholders' meeting on June 17, 2025 [5][6]

Core Viewpoint - The company has released its first quarter report for 2025, ensuring the accuracy and completeness of the financial information presented [2][19][20]. Financial Data - The report indicates that the financial statements for the first quarter of 2025 are unaudited [3][15]. - The company has issued several bonds in 2025, including a perpetual subordinated bond of RMB 3 billion with a fixed interest rate of 2.10% for the first five years [7]. - The company also issued short-term bonds totaling RMB 30 billion with an interest rate of 1.85% and RMB 20 billion with an interest rate of 2.03% [6][7]. Shareholder Information - As of March 31, 2025, the company had a total of 741,154 shareholders, with 741,012 being A-share shareholders [6]. - China CITIC Financial Holdings Limited holds 2,939,832,712 shares, accounting for 19.84% of the total shares [6]. Operational Changes - The company has closed two securities business offices and relocated three others during the reporting period, maintaining a total of 38 branches and 199 securities business offices [10][11]. - CITIC Futures, a wholly-owned subsidiary, has also relocated two of its branches [11]. Legal Matters - The company is involved in a minor lawsuit related to a previous acquisition, with a claim amounting to RMB 1,828,167.34, which is not expected to pose significant risk [12]. Regulatory Actions - The company received a warning from the Shenzhen Securities Regulatory Bureau regarding deficiencies in managing risks associated with margin trading [13]. Performance of Subsidiaries - CITIC Securities' subsidiary, Huaxia Fund, reported a net profit of RMB 56,135.44 million for the first quarter of 2025 [14].