Group 1 - The company held its fifth board meeting on July 24, 2025, to discuss various matters, including providing guarantees for its subsidiaries [1][2] - The board approved a proposal to provide a joint liability guarantee for Zhejiang Nipton Technology Co., Ltd. for a loan of RMB 10 million from Zhejiang Commercial Bank [1][2] - The board also approved a similar guarantee for Jiangsu Zhengyuan, with the same loan amount and terms, ensuring that other shareholders provide counter-guarantees [2][3] Group 2 - The board's decision to provide guarantees is based on the actual funding needs of the subsidiaries and aims to support their business development [2][3] - The board believes that these guarantees will not harm the company's interests and will help the subsidiaries expand financing channels and reduce costs [2][3] - The proposal for guarantees will be submitted for approval at the company's third extraordinary general meeting scheduled for August 11, 2025 [3][4]