Core Points - The company plans to apply for a special loan of up to 1.2 billion yuan and provide a guarantee of 200 million yuan for its wholly-owned subsidiary [1] - The board meeting was held on July 29, 2025, with all nine directors present, and the meeting's procedures complied with relevant laws and regulations [1] - The company intends to revise its 2022 restricted stock incentive plan to better align with current industry conditions and company development [2][3] - The company will repurchase and cancel 112,000 shares of restricted stock due to four incentive recipients leaving the company [4][5] - The company's registered capital will decrease from 924,806,285 yuan to 924,694,285 yuan following the repurchase [5] Summary by Sections Loan and Guarantee - The board approved a special loan application for the subsidiary, with a total guarantee amounting to 1.2 billion yuan, including an additional 200 million yuan [1] Board Meeting - The board meeting was conducted with full attendance, ensuring compliance with the Company Law and the company's articles of association [1] Incentive Plan Revision - The company is revising its 2022 restricted stock incentive plan to enhance motivation and align with industry standards [2][3] Stock Repurchase - The company will repurchase 112,000 shares of restricted stock from four individuals who no longer meet the incentive criteria due to leaving the company [4][5] Capital Changes - Following the stock repurchase, the company's registered capital will be adjusted, reflecting a decrease in total shares [5]