Core Viewpoint - Lihua Commercial Group Co., Ltd. has approved the establishment of a management system for information disclosure in the interbank bond market, aimed at standardizing disclosure practices and protecting investors' rights [1][3]. Group 1: Board Meeting Overview - The board meeting was held on November 11, 2025, with all 9 attending directors, confirming compliance with relevant laws and regulations [2][4]. Group 2: Core Proposal - The proposal for the management system was based on legal frameworks including the Company Law and Securities Law, and aims to clarify responsibilities and procedures for information disclosure in the issuance of non-financial corporate debt financing tools [3][5]. Group 3: Significance of the System - The establishment of this management system marks a significant step towards the standardized operation of Lihua's financing activities in the interbank bond market, enhancing the reliability of information for investors [5].