Core Points - The second H-share shareholders' meeting of Huatai Securities was held on October 28, 2025, in Nanjing, with no resolutions rejected [2] - The meeting was convened by the board of directors and chaired by Chairman Zhang Wei, complying with relevant laws and regulations [2][3] - A total of 13 directors were in office, with 8 attending the meeting, while independent directors were present [3] Meeting Details - The meeting was attended by legal representatives and personnel from Hong Kong Central Securities Registration Company for monitoring and counting votes [4] - Three key proposals were approved: amendments to the company's articles of association, shareholder meeting rules, and board meeting rules, all receiving over two-thirds approval from attending shareholders [5][6] Legal Verification - The meeting was witnessed by Beijing King & Wood Mallesons, confirming that the procedures and voting results were in accordance with applicable laws and regulations [6]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, with all board members assuming legal responsibility for any misrepresentation or omissions [2][3] - The third-quarter financial report has not been audited [3][6] - The company has made amendments to its articles of association, including the dissolution of the supervisory board, with its functions transferred to the audit committee of the board [7] Financial Data - 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 reporting period [3] - The company has not experienced any changes in major accounting data and financial indicators that require explanation [4] Shareholder Information - The total number of ordinary shareholders and the situation of the top ten shareholders are documented, but there are no changes due to securities lending activities [5] - The company has not reported any profits from merged entities during the reporting period [5] Other Important Matters - The company has not executed new accounting standards that would affect the financial statements for the current year [6] - The company has made specific amendments to its articles of association, including terminology changes and the removal of the supervisory board [7]

Core Points - The company has decided to abolish the supervisory board and amend its articles of association, with the supervisory board's functions being transferred to the audit committee of the board [1] Group 1 - The second meeting of the company's second board and the tenth meeting of the second supervisory board were held on October 26, 2025, where the proposal to cancel the supervisory board was approved [1] - The amendments to the articles of association include unifying the term "shareholders' meeting" to "shareholders' assembly" and removing references to the supervisory board [1] - The changes in the articles of association also involve renumbering existing clauses and modifying certain terms without altering the substantive content [1]

Core Viewpoint - Jack Technology Co., Ltd. is committed to transparency and accuracy in its financial reporting and governance, as evidenced by its announcements regarding the third quarter performance and upcoming investor meetings [8][9][16]. Financial Data - The third quarter financial report for 2025 has been released, with the company confirming that the financial data is accurate and complete [2][3]. - The report is not audited, indicating that the figures presented are preliminary [3][7]. Shareholder Information - As of the report date, Jack Technology holds 22,448,134 shares in its repurchase account, representing 4.71% of the total share capital [6]. - The company has not reported any changes in the top ten shareholders or significant shareholders due to securities lending activities [5][6]. Investor Communication - An investor performance briefing is scheduled for November 4, 2025, to discuss the third quarter results and address investor inquiries [9][10]. - The meeting will be held online, allowing for interactive communication between the company and investors [10][12]. Board Meeting Resolutions - The board of directors held a meeting on October 26, 2025, where they approved the third quarter report and discussed changes to the company's governance structure, including the cancellation of the supervisory board [17][21]. - The board also approved new management policies and adjustments to the expected daily related transactions for 2025 [24][37]. Related Transactions - The company has adjusted its expected daily related transaction limit to 52.15 million yuan, which is below 0.5% of the latest audited net assets, thus not requiring shareholder approval [62].

Group 1 - The company plans to use part of its idle raised funds for cash management, with a maximum amount not exceeding RMB 600 million, and the investment period not exceeding 12 months [8][10][19] - The cash management products will include low-risk investments such as bank fixed-income products, structured deposits, and treasury reverse repos [7][16][27] - The decision to use idle funds for cash management has been approved by the company's board and requires further approval from the upcoming shareholders' meeting [9][18][60] Group 2 - The company has also proposed to use its own idle funds for cash management, with a maximum amount not exceeding RMB 1.4 billion, under similar conditions as the raised funds [28][30][35] - The cash management strategy aims to enhance the efficiency of fund utilization and increase returns for the company and its shareholders [30][38][59] - The company has a history of managing idle funds effectively, with a remaining balance of RMB 613 million as of October 24, 2025, from previous cash management products [15][31][34] Group 3 - The company has faced delays in its investment projects, leading to the need for cash management to ensure funds are utilized effectively without impacting ongoing projects [13][14][19] - The board has approved various governance changes, including the cancellation of the supervisory board, which will be replaced by the audit committee [43][45][72] - The company is committed to complying with relevant regulations and ensuring that cash management does not harm the interests of shareholders [19][35][60]

Core Viewpoint - The company has approved the third quarter report for 2025, which includes financial data and the decision to recognize asset impairment provisions totaling 9,990,402.60 yuan, reflecting a cautious approach to financial reporting and asset management [30][78]. Financial Data - The third quarter financial report has not been audited [7]. - The company plans to recognize a total asset impairment provision of 9,990,402.60 yuan for the first three quarters of 2025, which includes credit impairment losses of 11,084,952.89 yuan and asset impairment losses of -1,094,550.29 yuan [79][80]. - The impairment provision will reduce the total profit for the first three quarters of 2025 by the same amount [82]. Shareholder Information - The company plans to repurchase shares using a total fund of no less than 20 million yuan and not exceeding 40 million yuan, with a maximum repurchase price of 8.57 yuan per share [4][5]. - The company has conducted share repurchases totaling 1,550,000 shares, representing 0.40% of the total share capital, with a maximum transaction price of 6.65 yuan per share [5]. Governance and Management - The company has approved the renewal of the auditing firm Tianzhi International for the 2025 fiscal year, which will be submitted for shareholder approval [64][74]. - The board has decided to revise the company’s articles of association, increasing the board size from 7 to 8 members and eliminating the supervisory board [21][42]. Meeting Resolutions - The fourth board meeting and the supervisory board meeting held on October 24, 2025, approved the third quarter report and the asset impairment provisions [30][78]. - The board also approved the proposal to hold the first temporary shareholders' meeting on November 11, 2025 [59][60].

Core Viewpoint - The company has disclosed its third-quarter report for 2025, ensuring that the information is true, accurate, and complete, with no false records or misleading statements [6][38]. Financial Data - The third-quarter financial report has not been audited [5]. - The company has reported a total credit impairment loss of 142.9825 million yuan for the period from January to September 2025, primarily due to bad debts from accounts receivable [61][62]. Shareholder Information - The company will hold its sixth extraordinary general meeting on November 13, 2025, with the agenda including the review of the third-quarter report and amendments to the company’s articles of association [35][43][46]. Board Meeting - The second board meeting was held on October 23, 2025, with all nine directors present, and the meeting followed the legal and procedural requirements [7][9]. - The board approved the third-quarter report, confirming its compliance with relevant laws and regulations [8][40]. Amendments to Company Regulations - The company has proposed amendments to its articles of association and various internal regulations to align with the latest legal requirements and improve governance [65]. - The company will no longer have a supervisory board, and the relevant rules will be abolished [65].

Group 1 - The company has announced a reduction in the total investment amount for its wholly-owned subsidiary, Guanghua Polyester Trading Hong Kong Limited, from 3 million HKD to 700,000 HKD, based on its current strategic development plan and actual needs [7][68]. - The board of directors and the supervisory board have confirmed the authenticity, accuracy, and completeness of the quarterly report, assuming legal responsibility for any misrepresentation or omissions [2][4]. - The company reported a 62.29% increase in net cash flow from operating activities compared to the same period last year, attributed to increased cash received from sales of goods and services [4]. Group 2 - The third-quarter financial report has not been audited [6]. - The company will hold its second extraordinary general meeting of 2025 on November 11, 2025, with a record date of November 6, 2025 [16][70]. - The meeting will combine on-site voting and online voting, allowing shareholders to participate remotely [18][26]. Group 3 - The investment reduction does not affect the core functions and long-term development plans of the subsidiary and is aimed at optimizing capital efficiency and controlling cross-border investment risks [13][40]. - The company has made amendments to its articles of association to comply with the latest legal and regulatory requirements [39][47]. - The board has approved various internal governance system amendments to enhance corporate governance [49][50].

Core Viewpoint - The company has announced its decision to provision for asset impairment for the first three quarters of 2025, amounting to a total of 9,990,402.60 yuan, to accurately reflect its financial status and asset conditions [8][12][63]. Financial Data - The company plans to provision for credit impairment losses of 11,084,952.89 yuan and asset impairment losses of -1,094,550.29 yuan, totaling 9,990,402.60 yuan for the first three quarters of 2025 [9][12]. - The impairment provisions will reduce the company's total profit for the first three quarters of 2025 by the same amount [12][21]. Shareholder Information - The company intends to repurchase its shares using a total fund of no less than 20 million yuan and no more than 40 million yuan, with a maximum repurchase price of 8.57 yuan per share [4][5]. Audit and Compliance - The company has not audited its third-quarter financial report for 2025 [7]. - The company has proposed to renew its contract with Tianzhi International Accounting Firm for the 2025 audit, which requires approval from the shareholders' meeting [24][66]. Governance Changes - The company plans to amend its articles of association to increase the board of directors from 7 to 8 members and eliminate the supervisory board, transferring its responsibilities to the audit committee [50][70].

Core Points - The company has announced the proposal to repurchase its shares, with a total amount not less than RMB 20 million and not exceeding RMB 40 million, at a maximum price of RMB 8.57 per share [4][5] - The company plans to appoint Tianzhi International Accounting Firm as its auditor for the year 2025, which has extensive experience in providing audit services to listed companies [8][9] - The company has decided to provision for asset impairment totaling RMB 9,990,402.60 for the first three quarters of 2025, reflecting a cautious approach to its financial reporting [22][24] Financial Data - The company reported a total of RMB 9,990,402.60 in asset impairment provisions for the first three quarters of 2025, including RMB 11,084,952.89 for credit impairment losses [23][25] - The maximum repurchase price for shares will be adjusted to RMB 8.47 per share after the annual equity distribution [5] - The company has repurchased a total of 1,550,000 shares, accounting for 0.40% of the total share capital, with a total payment of RMB 8,996,100 [5] Shareholder Information - The company will hold a temporary shareholders' meeting to approve the proposed share repurchase and the appointment of the auditing firm [19][69] - The board of directors and the supervisory board have approved the asset impairment provisions, confirming compliance with accounting standards [34][42] Governance Changes - The company plans to amend its articles of association to increase the board size from 7 to 8 members and eliminate the supervisory board, transferring its responsibilities to the audit committee [70][72] - The company has revised several internal governance rules to enhance its governance structure [73]